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   "value": "1. <span class=\"_ _45\"> </span>Summary of Significant A<span class=\"_ _2\"></span>ccounting Policies<span class=\"_ _363\"> </span> General Information<span class=\"_ _363\"> </span>Graf<span class=\"_ _0\"></span>ton Gro<span class=\"_ _0\"></span>up plc (<span class=\"_ _0\"></span>\u2018G<span class=\"_ _0\"></span>raf<span class=\"_ _0\"></span>ton\u2019 or \u2018<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _0\"></span>) is a p<span class=\"_ _0\"></span>ublic li<span class=\"_ _0\"></span>mited c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any inc<span class=\"_ _0\"></span>orp<span class=\"_ _0\"></span>orate<span class=\"_ _0\"></span>d in the Re<span class=\"_ _0\"></span>publi<span class=\"_ _0\"></span>c of Irelan<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he regis<span class=\"_ _0\"></span>tered nu<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r is 81<span class=\"_ _2\"></span>49 an<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span> regis<span class=\"_ _0\"></span>tered of<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ice ad<span class=\"_ _0\"></span>dress is H<span class=\"_ _0\"></span>eron H<span class=\"_ _0\"></span>ous<span class=\"_ _0\"></span>e, Co<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ig Road<span class=\"_ _0\"></span>, S<span class=\"_ _0\"></span>andy<span class=\"_ _3\"></span>ford Busine<span class=\"_ _0\"></span>ss Par<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>, Du<span class=\"_ _0\"></span>blin, D1<span class=\"_ _2\"></span>8 Y<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>X6. T<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p is an inter<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>nal dist<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>tor of<span class=\"_ _363\"> </span> buildin<span class=\"_ _0\"></span>g materi<span class=\"_ _0\"></span>als to trad<span class=\"_ _0\"></span>e custom<span class=\"_ _0\"></span>ers w<span class=\"_ _0\"></span>ho are pr<span class=\"_ _0\"></span>imar<span class=\"_ _0\"></span>ily en<span class=\"_ _0\"></span>gage<span class=\"_ _0\"></span>d in resi<span class=\"_ _0\"></span>dent<span class=\"_ _0\"></span>ial repa<span class=\"_ _0\"></span>ir<span class=\"_ _2\"></span>, m<span class=\"_ _0\"></span>aintenan<span class=\"_ _0\"></span>ce and i<span class=\"_ _0\"></span>mprove<span class=\"_ _0\"></span>ment pr<span class=\"_ _0\"></span>ojec<span class=\"_ _0\"></span>ts and h<span class=\"_ _0\"></span>ouse bu<span class=\"_ _0\"></span>ilding<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Statement of<span class=\"_ _2\"></span> Compliance<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e cons<span class=\"_ _0\"></span>olidate<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>ancia<span class=\"_ _0\"></span>l statem<span class=\"_ _0\"></span>ents of Graf<span class=\"_ _0\"></span>ton G<span class=\"_ _0\"></span>roup pl<span class=\"_ _0\"></span>c have be<span class=\"_ _0\"></span>en pre<span class=\"_ _0\"></span>pare<span class=\"_ _0\"></span>d in acc<span class=\"_ _0\"></span>orda<span class=\"_ _0\"></span>nce wi<span class=\"_ _0\"></span>th Inter<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>nal Fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al Rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng S<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>dards<span class=\"_ _363\"> </span> (\u201c<span class=\"_ _0\"></span>IFR<span class=\"_ _0\"></span>Ss<span class=\"_ _0\"></span>\u201d<span class=\"_ _0\"></span>) as ad<span class=\"_ _0\"></span>opted by th<span class=\"_ _0\"></span>e Europ<span class=\"_ _0\"></span>ean Un<span class=\"_ _0\"></span>ion (<span class=\"_ _0\"></span>\u201c<span class=\"_ _0\"></span>EU<span class=\"_ _0\"></span>\u201d<span class=\"_ _3\"></span>). The IF<span class=\"_ _0\"></span>RS<span class=\"_ _0\"></span>s appli<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>hese f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts were th<span class=\"_ _0\"></span>ose ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve for acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>ing pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds<span class=\"_ _363\"> </span> endin<span class=\"_ _0\"></span>g on 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>New Standards, A<span class=\"_ _2\"></span>men<span class=\"_ _0\"></span>dments and<span class=\"_ _2\"></span> I<span class=\"_ _0\"></span>nterpretations<span class=\"_ _363\"> </span>A numb<span class=\"_ _0\"></span>er of new s<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>ards and a<span class=\"_ _0\"></span>mend<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s to stand<span class=\"_ _0\"></span>ards and inte<span class=\"_ _0\"></span>rpre<span class=\"_ _0\"></span>tatio<span class=\"_ _0\"></span>ns are ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive for a<span class=\"_ _0\"></span>nnual p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iods b<span class=\"_ _0\"></span>egin<span class=\"_ _0\"></span>ning af<span class=\"_ _0\"></span>ter 1 Jan<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2,<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>and have be<span class=\"_ _0\"></span>en a<span class=\"_ _0\"></span>pplie<span class=\"_ _0\"></span>d in pre<span class=\"_ _0\"></span>pari<span class=\"_ _0\"></span>ng the<span class=\"_ _0\"></span>se f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial st<span class=\"_ _0\"></span>atements<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he followin<span class=\"_ _0\"></span>g S<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>ards and Inte<span class=\"_ _0\"></span>rpre<span class=\"_ _0\"></span>tati<span class=\"_ _0\"></span>ons are ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ctive fo<span class=\"_ _0\"></span>r the Gro<span class=\"_ _0\"></span>up and p<span class=\"_ _0\"></span>arent<span class=\"_ _363\"> </span> com<span class=\"_ _0\"></span>pany in 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 but d<span class=\"_ _0\"></span>o not have a mater<span class=\"_ _0\"></span>ial ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t on the re<span class=\"_ _0\"></span>sults o<span class=\"_ _0\"></span>r fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial posi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the Gro<span class=\"_ _0\"></span>up or pa<span class=\"_ _0\"></span>rent co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IA<span class=\"_ _0\"></span>S 1<span class=\"_ _2\"></span>6 (<span class=\"_ _0\"></span>Am<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ments) <span class=\"_ _c6\"> </span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, Plant &amp; Equipm<span class=\"_ _0\"></span>ent (Ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ctive 1 J<span class=\"_ _0\"></span>anuar<span class=\"_ _3\"></span>y 202<span class=\"_ _0\"></span>2)<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IA<span class=\"_ _0\"></span>S 37 (A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>ents) <span class=\"_ _134\"> </span>Prov<span class=\"_ _0\"></span>isions<span class=\"_ _0\"></span>, C<span class=\"_ _0\"></span>onting<span class=\"_ _0\"></span>ent L<span class=\"_ _0\"></span>iabili<span class=\"_ _0\"></span>ties &amp; C<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>inge<span class=\"_ _0\"></span>nt Ass<span class=\"_ _0\"></span>ets (Ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ctive 1 J<span class=\"_ _0\"></span>anuar<span class=\"_ _3\"></span>y 202<span class=\"_ _0\"></span>2)<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IFR<span class=\"_ _0\"></span>S 9 (A<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts) <span class=\"_ _c5\"> </span>F<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial Inst<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>ments (<span class=\"_ _0\"></span>Effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve 1 Janua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>22)<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IFR<span class=\"_ _0\"></span>S 3 (A<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts) <span class=\"_ _c5\"> </span>B<span class=\"_ _0\"></span>usine<span class=\"_ _0\"></span>ss Co<span class=\"_ _0\"></span>mbinat<span class=\"_ _0\"></span>ions (<span class=\"_ _0\"></span>Ef<span class=\"_ _0\"></span>fecti<span class=\"_ _0\"></span>ve 1 Janua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>22)<span class=\"_ _363\"> </span></span>New Standards, A<span class=\"_ _2\"></span>men<span class=\"_ _0\"></span>dments and<span class=\"_ _2\"></span> I<span class=\"_ _0\"></span>nterpretations<span class=\"_ _4\"></span> not y<span class=\"_ _2\"></span>et adopted<span class=\"_ _363\"> </span>A numb<span class=\"_ _0\"></span>er of new s<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>ards and a<span class=\"_ _0\"></span>mend<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s to stand<span class=\"_ _0\"></span>ards and inte<span class=\"_ _0\"></span>rpre<span class=\"_ _0\"></span>tatio<span class=\"_ _0\"></span>ns are ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive for a<span class=\"_ _0\"></span>nnual p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iods b<span class=\"_ _0\"></span>egin<span class=\"_ _0\"></span>ning af<span class=\"_ _0\"></span>ter 1 Jan<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>023<span class=\"_ _0\"></span>, <span class=\"ls2\"> </span>and have not b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n appli<span class=\"_ _0\"></span>ed in p<span class=\"_ _0\"></span>repar<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>ese f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts. T<span class=\"_ _0\"></span>he foll<span class=\"_ _0\"></span>owing S<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>dards an<span class=\"_ _0\"></span>d Interp<span class=\"_ _0\"></span>retati<span class=\"_ _0\"></span>ons are n<span class=\"_ _0\"></span>ot yet ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive for t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up<span class=\"_ _363\"> </span> and pare<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>mpany an<span class=\"_ _0\"></span>d are not ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted to have a mater<span class=\"_ _0\"></span>ial ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t on th<span class=\"_ _0\"></span>e result<span class=\"_ _0\"></span>s or f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial pos<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n of the Gro<span class=\"_ _0\"></span>up or p<span class=\"_ _0\"></span>arent c<span class=\"_ _0\"></span>ompa<span class=\"_ _0\"></span>ny:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IA<span class=\"_ _0\"></span>S 1 (A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndme<span class=\"_ _0\"></span>nts) <span class=\"_ _40\"> </span>P<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>ntatio<span class=\"_ _0\"></span>n of Finan<span class=\"_ _0\"></span>cial S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s (Ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive 1 Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>23)<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IA<span class=\"_ _0\"></span>S 8 (A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndme<span class=\"_ _0\"></span>nts) <span class=\"_ _40\"> </span>A<span class=\"_ _0\"></span>cco<span class=\"_ _0\"></span>untin<span class=\"_ _0\"></span>g Polic<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, Chan<span class=\"_ _0\"></span>ges in A<span class=\"_ _0\"></span>cco<span class=\"_ _0\"></span>untin<span class=\"_ _0\"></span>g Esti<span class=\"_ _0\"></span>mates &amp; Er<span class=\"_ _0\"></span>rors (<span class=\"_ _0\"></span>Ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive 1 Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>23)<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IA<span class=\"_ _0\"></span>S 1<span class=\"_ _2\"></span>2 (<span class=\"_ _0\"></span>Am<span class=\"_ _0\"></span>endm<span class=\"_ _0\"></span>ents)  <span class=\"_ _9a\"> </span>In<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e T<span class=\"_ _2\"></span>axes (Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive 1 Ja<span class=\"_ _0\"></span>nuar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3)<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _2\"></span>6 (A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>ents)  <span class=\"_ _3f\"> </span>Leases (Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive 1 Jan<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>23)<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _2\"></span>7 <span class=\"_ _5d\"> </span> <span class=\"_ _6c\"> </span> <span class=\"_ _63\"> </span>I<span class=\"_ _0\"></span>nsuran<span class=\"_ _0\"></span>ce C<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts (Ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve 1 Januar<span class=\"_ _3\"></span>y 202<span class=\"_ _0\"></span>3)<span class=\"_ _363\"> </span></span>Basis of<span class=\"_ _2\"></span> Preparation<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e cons<span class=\"_ _0\"></span>olidate<span class=\"_ _0\"></span>d Finan<span class=\"_ _0\"></span>cial S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s are pres<span class=\"_ _0\"></span>ented in ste<span class=\"_ _0\"></span>rling<span class=\"_ _0\"></span>, roun<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d to the nea<span class=\"_ _0\"></span>rest th<span class=\"_ _0\"></span>ousa<span class=\"_ _0\"></span>nd. A<span class=\"_ _0\"></span>s set o<span class=\"_ _0\"></span>ut in th<span class=\"_ _0\"></span>e Dire<span class=\"_ _0\"></span>ctor<span class=\"_ _0\"></span>s\u2019 Rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>n Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>orate<span class=\"_ _363\"> </span> Gover<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>e the D<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>ctors<span class=\"_ _0\"></span>, havin<span class=\"_ _0\"></span>g made ap<span class=\"_ _0\"></span>prop<span class=\"_ _0\"></span>riate en<span class=\"_ _0\"></span>quiri<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, beli<span class=\"_ _0\"></span>eve that t<span class=\"_ _0\"></span>he Co<span class=\"_ _0\"></span>mpany an<span class=\"_ _0\"></span>d the G<span class=\"_ _0\"></span>roup as a wh<span class=\"_ _0\"></span>ole has a<span class=\"_ _0\"></span>deq<span class=\"_ _0\"></span>uate resou<span class=\"_ _0\"></span>rces to<span class=\"_ _363\"> </span> cont<span class=\"_ _0\"></span>inue in o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>nal exis<span class=\"_ _0\"></span>tence fo<span class=\"_ _0\"></span>r the for<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>eabl<span class=\"_ _0\"></span>e futu<span class=\"_ _0\"></span>re, be<span class=\"_ _0\"></span>ing 1<span class=\"_ _2\"></span>2 m<span class=\"_ _0\"></span>onths f<span class=\"_ _0\"></span>rom th<span class=\"_ _0\"></span>e date of approval of t<span class=\"_ _0\"></span>he fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial state<span class=\"_ _0\"></span>ments a<span class=\"_ _0\"></span>nd, for t<span class=\"_ _0\"></span>his<span class=\"_ _363\"> </span> reason<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>ey co<span class=\"_ _0\"></span>ntinue to ad<span class=\"_ _0\"></span>opt th<span class=\"_ _0\"></span>e goin<span class=\"_ _0\"></span>g con<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>rn basis i<span class=\"_ _0\"></span>n prepa<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ents have b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n prepa<span class=\"_ _0\"></span>red un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>he<span class=\"_ _363\"> </span> histor<span class=\"_ _0\"></span>ical c<span class=\"_ _0\"></span>ost c<span class=\"_ _0\"></span>onventi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, as modi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed by th<span class=\"_ _0\"></span>e previ<span class=\"_ _0\"></span>ous reval<span class=\"_ _0\"></span>uatio<span class=\"_ _0\"></span>n of land an<span class=\"_ _0\"></span>d buildin<span class=\"_ _0\"></span>gs, t<span class=\"_ _0\"></span>he meas<span class=\"_ _0\"></span>urem<span class=\"_ _0\"></span>ent at fair valu<span class=\"_ _0\"></span>e of share<span class=\"_ _3\"></span>-b<span class=\"_ _0\"></span>ased pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts <span class=\"ls2\"> </span>at initi<span class=\"_ _0\"></span>al date of award, th<span class=\"_ _0\"></span>e measure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt at fair valu<span class=\"_ _0\"></span>e of all der<span class=\"_ _0\"></span>ivative f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial i<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts and t<span class=\"_ _0\"></span>he meas<span class=\"_ _0\"></span>urem<span class=\"_ _0\"></span>ent at fair val<span class=\"_ _0\"></span>ue of investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. Asset<span class=\"_ _0\"></span>s classi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed as he<span class=\"_ _0\"></span>ld for sal<span class=\"_ _0\"></span>e are state<span class=\"_ _0\"></span>d at the l<span class=\"_ _0\"></span>ower of car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g value a<span class=\"_ _0\"></span>nd fair valu<span class=\"_ _0\"></span>e les<span class=\"_ _0\"></span>s cost<span class=\"_ _0\"></span>s to sell. T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying valu<span class=\"_ _0\"></span>es of rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised<span class=\"_ _0\"></span> asset<span class=\"_ _0\"></span>s and liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es that are f<span class=\"_ _0\"></span>air value h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ed are a<span class=\"_ _0\"></span>djusted to re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rd chan<span class=\"_ _0\"></span>ges in t<span class=\"_ _0\"></span>he fair valu<span class=\"_ _0\"></span>es at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibut<span class=\"_ _0\"></span>able to th<span class=\"_ _0\"></span>e risk<span class=\"_ _0\"></span>s that are b<span class=\"_ _0\"></span>eing h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e prepa<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n of cons<span class=\"_ _0\"></span>olidate<span class=\"_ _0\"></span>d fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l statem<span class=\"_ _0\"></span>ents in ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rdanc<span class=\"_ _0\"></span>e with I<span class=\"_ _0\"></span>FRS as a<span class=\"_ _0\"></span>dopted by t<span class=\"_ _0\"></span>he E<span class=\"_ _0\"></span>U require<span class=\"_ _0\"></span>s manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent to make ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tain e<span class=\"_ _0\"></span>stim<span class=\"_ _0\"></span>ates<span class=\"_ _363\"> </span> and assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns that af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t the a<span class=\"_ _0\"></span>pplic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of acco<span class=\"_ _0\"></span>untin<span class=\"_ _0\"></span>g poli<span class=\"_ _0\"></span>cies a<span class=\"_ _0\"></span>nd the re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ted am<span class=\"_ _0\"></span>ount of asse<span class=\"_ _0\"></span>ts, li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, inco<span class=\"_ _0\"></span>me an<span class=\"_ _0\"></span>d exp<span class=\"_ _0\"></span>ense. M<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _363\"> </span> beli<span class=\"_ _0\"></span>eves th<span class=\"_ _0\"></span>at the es<span class=\"_ _0\"></span>timates an<span class=\"_ _0\"></span>d assum<span class=\"_ _0\"></span>ptions m<span class=\"_ _0\"></span>ade are re<span class=\"_ _0\"></span>asona<span class=\"_ _0\"></span>ble bas<span class=\"_ _0\"></span>ed on t<span class=\"_ _0\"></span>he infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n availabl<span class=\"_ _0\"></span>e to it at the t<span class=\"_ _0\"></span>ime th<span class=\"_ _0\"></span>at thos<span class=\"_ _0\"></span>e esti<span class=\"_ _0\"></span>mates and<span class=\"_ _0\"></span> assumpt<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>re made. T<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>reas involv<span class=\"_ _0\"></span>ing a hig<span class=\"_ _0\"></span>h deg<span class=\"_ _0\"></span>ree of jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent or c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>lexi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, o<span class=\"_ _0\"></span>r areas wh<span class=\"_ _0\"></span>ere assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns and e<span class=\"_ _0\"></span>stimates a<span class=\"_ _0\"></span>re signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant in<span class=\"_ _0\"></span> relati<span class=\"_ _0\"></span>on to the c<span class=\"_ _0\"></span>onso<span class=\"_ _0\"></span>lidated f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts are se<span class=\"_ _0\"></span>t out in N<span class=\"_ _0\"></span>ote 32 and re<span class=\"_ _0\"></span>late prim<span class=\"_ _0\"></span>aril<span class=\"_ _0\"></span>y to valuati<span class=\"_ _0\"></span>on of inventor<span class=\"_ _0\"></span>y, acco<span class=\"_ _0\"></span>unting fo<span class=\"_ _0\"></span>r def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t<span class=\"_ _363\"> </span> pensi<span class=\"_ _0\"></span>on sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es, g<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>dwill im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>, rebate in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e and IF<span class=\"_ _0\"></span>RS 1<span class=\"_ _4\"></span>6 \u201cleas<span class=\"_ _0\"></span>es\u201d.<span class=\"_ _363\"> </span>In prep<span class=\"_ _0\"></span>arin<span class=\"_ _0\"></span>g the f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts, t<span class=\"_ _0\"></span>he Dire<span class=\"_ _0\"></span>ctor<span class=\"_ _0\"></span>s have also co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ered t<span class=\"_ _0\"></span>he cur<span class=\"_ _0\"></span>rent a<span class=\"_ _0\"></span>nd potenti<span class=\"_ _0\"></span>al impa<span class=\"_ _0\"></span>ct of climate ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>. Cos<span class=\"_ _0\"></span>ts asso<span class=\"_ _0\"></span>ciated<span class=\"_ _363\"> </span>with p<span class=\"_ _0\"></span>roje<span class=\"_ _0\"></span>cts to improve e<span class=\"_ _0\"></span>nerg<span class=\"_ _0\"></span>y ef<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>icie<span class=\"_ _0\"></span>ncy a<span class=\"_ _0\"></span>nd red<span class=\"_ _0\"></span>uce c<span class=\"_ _0\"></span>arb<span class=\"_ _0\"></span>on e<span class=\"_ _0\"></span>missio<span class=\"_ _0\"></span>ns have be<span class=\"_ _0\"></span>en abs<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>bed wi<span class=\"_ _0\"></span>thin o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ating e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nses an<span class=\"_ _0\"></span>d capi<span class=\"_ _0\"></span>tal ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nditu<span class=\"_ _0\"></span>re<span class=\"_ _363\"> </span> and have not b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n materi<span class=\"_ _0\"></span>al duri<span class=\"_ _0\"></span>ng the y<span class=\"_ _0\"></span>ear<span class=\"_ _4\"></span>. The<span class=\"_ _0\"></span>re has be<span class=\"_ _0\"></span>en n<span class=\"_ _0\"></span>o materi<span class=\"_ _0\"></span>al impa<span class=\"_ _0\"></span>ct on t<span class=\"_ _0\"></span>he net re<span class=\"_ _0\"></span>alisabl<span class=\"_ _0\"></span>e value of inve<span class=\"_ _0\"></span>ntor<span class=\"_ _0\"></span>y or t<span class=\"_ _0\"></span>he car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing valu<span class=\"_ _0\"></span>e of<span class=\"_ _363\"> </span> fi<span class=\"_ _0\"></span>xed asse<span class=\"_ _0\"></span>ts in this ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>\u2019s fin<span class=\"_ _0\"></span>ancia<span class=\"_ _0\"></span>l statem<span class=\"_ _0\"></span>ents as a resu<span class=\"_ _0\"></span>lt of climate c<span class=\"_ _0\"></span>hange<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ese co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ons did n<span class=\"_ _0\"></span>ot have a materi<span class=\"_ _0\"></span>al impac<span class=\"_ _0\"></span>t on th<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>nanci<span class=\"_ _0\"></span>al<span class=\"_ _363\"> </span> repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g judg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nts and es<span class=\"_ _0\"></span>timates in t<span class=\"_ _0\"></span>he cu<span class=\"_ _0\"></span>rrent y<span class=\"_ _0\"></span>ear, specif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ally in t<span class=\"_ _0\"></span>he imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d goin<span class=\"_ _0\"></span>g con<span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>n anal<span class=\"_ _0\"></span>ysis. T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s anal<span class=\"_ _0\"></span>ysis of the<span class=\"_ _0\"></span> impac<span class=\"_ _0\"></span>t of climate ch<span class=\"_ _0\"></span>ange c<span class=\"_ _0\"></span>ontin<span class=\"_ _0\"></span>ues to evol<span class=\"_ _0\"></span>ve with G<span class=\"_ _0\"></span>raf<span class=\"_ _0\"></span>ton co<span class=\"_ _0\"></span>mmi<span class=\"_ _0\"></span>tte<span class=\"_ _0\"></span>d to reduc<span class=\"_ _0\"></span>ing it<span class=\"_ _0\"></span>s car<span class=\"_ _0\"></span>bon i<span class=\"_ _0\"></span>mpac<span class=\"_ _0\"></span>t.<span class=\"_ _363\"> </span>Basis of<span class=\"_ _2\"></span> Consolidation<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e cons<span class=\"_ _0\"></span>olidate<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>ancia<span class=\"_ _0\"></span>l statem<span class=\"_ _0\"></span>ents in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e the f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts of the C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any and all sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _0\"></span>ies d<span class=\"_ _0\"></span>rawn up to 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r each ye<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>ancia<span class=\"_ _0\"></span>l year-<span class=\"_ _0\"></span>end of th<span class=\"_ _0\"></span>e Group<span class=\"_ _0\"></span>\u2019s subsidiar<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>re coter<span class=\"_ _0\"></span>mino<span class=\"_ _0\"></span>us.<span class=\"_ _363\"> </span>Subsidiaries<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>ancia<span class=\"_ _0\"></span>l statem<span class=\"_ _0\"></span>ents of subsi<span class=\"_ _0\"></span>diar<span class=\"_ _0\"></span>ies are in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dated f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial st<span class=\"_ _0\"></span>atements f<span class=\"_ _0\"></span>rom t<span class=\"_ _0\"></span>he date on whi<span class=\"_ _0\"></span>ch c<span class=\"_ _0\"></span>ontro<span class=\"_ _0\"></span>l is obtain<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d they<span class=\"_ _0\"></span> ceas<span class=\"_ _0\"></span>e to be con<span class=\"_ _0\"></span>solidate<span class=\"_ _0\"></span>d from t<span class=\"_ _0\"></span>he date on w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up los<span class=\"_ _0\"></span>es co<span class=\"_ _0\"></span>ntrol. T<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on of co<span class=\"_ _0\"></span>ntrol is wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e Group is e<span class=\"_ _0\"></span>xpo<span class=\"_ _0\"></span>sed to, o<span class=\"_ _0\"></span>r has rig<span class=\"_ _0\"></span>hts to,<span class=\"_ _363\"> </span> varia<span class=\"_ _0\"></span>ble ret<span class=\"_ _0\"></span>urns f<span class=\"_ _0\"></span>rom it<span class=\"_ _0\"></span>s involve<span class=\"_ _0\"></span>ment wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e entit<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>nd has th<span class=\"_ _0\"></span>e abilit<span class=\"_ _0\"></span>y to af<span class=\"_ _0\"></span>fect t<span class=\"_ _0\"></span>hese r<span class=\"_ _0\"></span>etur<span class=\"_ _0\"></span>ns thro<span class=\"_ _0\"></span>ugh it<span class=\"_ _0\"></span>s power over t<span class=\"_ _0\"></span>he ent<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y.<span class=\"_ _363\"> </span>Transactions<span class=\"_ _4\"></span> Eliminated on Cons<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>lidation<span class=\"_ _363\"> </span>Intra<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>oup bal<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span>s and tr<span class=\"_ _0\"></span>ansac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns, an<span class=\"_ _0\"></span>d any unrealis<span class=\"_ _0\"></span>ed gai<span class=\"_ _0\"></span>ns and in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e and ex<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>ses ar<span class=\"_ _0\"></span>ising fro<span class=\"_ _0\"></span>m suc<span class=\"_ _0\"></span>h trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, are elim<span class=\"_ _0\"></span>inated in<span class=\"_ _363\"> </span> prepa<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>onsoli<span class=\"_ _0\"></span>dated f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s. Un<span class=\"_ _0\"></span>realise<span class=\"_ _0\"></span>d loss<span class=\"_ _0\"></span>es are eli<span class=\"_ _0\"></span>minated in t<span class=\"_ _0\"></span>he sa<span class=\"_ _0\"></span>me way as unrea<span class=\"_ _0\"></span>lised g<span class=\"_ _0\"></span>ains, b<span class=\"_ _0\"></span>ut onl<span class=\"_ _0\"></span>y to the ex<span class=\"_ _0\"></span>tent<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>that th<span class=\"_ _0\"></span>ere is no e<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e of impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt.<span class=\"_ _363\"> </span>1. <span class=\"_ _45\"> </span>Summary of Significant A<span class=\"_ _2\"></span>ccounting Policies<span class=\"ff85 ls9d ws54\"> continue<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>Basis of<span class=\"_ _2\"></span> consolidation<span class=\"ff85 ls36 wsf\"> conti<span class=\"_ _0\"></span>nued<span class=\"_ _363\"> </span></span>Rev<span class=\"_ _2\"></span>enu<span class=\"_ _0\"></span>e Recognition<span class=\"_ _363\"> </span>Revenu<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ises th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e of consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ation re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>le for go<span class=\"_ _0\"></span>ods a<span class=\"_ _0\"></span>nd ser<span class=\"_ _3\"></span>vice<span class=\"_ _0\"></span>s supp<span class=\"_ _0\"></span>lied to ex<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nal cu<span class=\"_ _0\"></span>stome<span class=\"_ _0\"></span>rs in th<span class=\"_ _0\"></span>e ordin<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y co<span class=\"_ _0\"></span>urse of t<span class=\"_ _0\"></span>he Group<span class=\"_ _0\"></span>\u2019s activ<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s and excl<span class=\"_ _0\"></span>udes i<span class=\"_ _0\"></span>nter-c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any revenu<span class=\"_ _0\"></span>e and valu<span class=\"_ _0\"></span>e add<span class=\"_ _0\"></span>ed ta<span class=\"_ _0\"></span>x.<span class=\"_ _363\"> </span>In gen<span class=\"_ _0\"></span>eral<span class=\"_ _0\"></span>, reven<span class=\"_ _0\"></span>ue is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nised to th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>tent th<span class=\"_ _0\"></span>at the Gr<span class=\"_ _0\"></span>oup has s<span class=\"_ _0\"></span>atisf<span class=\"_ _0\"></span>ied i<span class=\"_ _0\"></span>ts pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>ations to t<span class=\"_ _0\"></span>he buye<span class=\"_ _0\"></span>r and t<span class=\"_ _0\"></span>he bu<span class=\"_ _0\"></span>yer has obt<span class=\"_ _0\"></span>aine<span class=\"_ _0\"></span>d cont<span class=\"_ _0\"></span>rol of the g<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>ds or se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces b<span class=\"_ _0\"></span>eing t<span class=\"_ _0\"></span>ransfer<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>. In the c<span class=\"_ _0\"></span>ase of sal<span class=\"_ _0\"></span>es of goo<span class=\"_ _0\"></span>ds, t<span class=\"_ _0\"></span>his ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ally ar<span class=\"_ _0\"></span>ises wh<span class=\"_ _0\"></span>en pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ts have eit<span class=\"_ _0\"></span>her b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n deli<span class=\"_ _0\"></span>vered to <span class=\"ls2\"> </span>or co<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span>cted by a cus<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>r and th<span class=\"_ _0\"></span>ere is no u<span class=\"_ _0\"></span>nfulf<span class=\"_ _0\"></span>illed o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>ation t<span class=\"_ _0\"></span>hat co<span class=\"_ _0\"></span>uld af<span class=\"_ _0\"></span>fect t<span class=\"_ _0\"></span>he ac<span class=\"_ _0\"></span>cept<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e of the pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ts. S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice re<span class=\"_ _0\"></span>venu<span class=\"_ _0\"></span>e com<span class=\"_ _0\"></span>pris<span class=\"_ _0\"></span>es tool<span class=\"_ _0\"></span> hire reven<span class=\"_ _0\"></span>ue and is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d over t<span class=\"_ _0\"></span>he pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d of hire.<span class=\"_ _363\"> </span>Revenu<span class=\"_ _0\"></span>es are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rded b<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n the p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>e spe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e sales i<span class=\"_ _0\"></span>nvoice<span class=\"_ _0\"></span>s/contrac<span class=\"_ _0\"></span>ts ne<span class=\"_ _0\"></span>t of actual an<span class=\"_ _0\"></span>d esti<span class=\"_ _0\"></span>mated retu<span class=\"_ _0\"></span>rns<span class=\"_ _0\"></span>, rebates an<span class=\"_ _0\"></span>d any disc<span class=\"_ _0\"></span>ounts granted a<span class=\"_ _0\"></span>nd in ac<span class=\"_ _0\"></span>cord<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e with t<span class=\"_ _0\"></span>he ter<span class=\"_ _0\"></span>ms of sale. A<span class=\"_ _0\"></span>ccu<span class=\"_ _0\"></span>mulated ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nce is u<span class=\"_ _0\"></span>sed to est<span class=\"_ _0\"></span>imate retur<span class=\"_ _0\"></span>ns, re<span class=\"_ _0\"></span>bates and d<span class=\"_ _0\"></span>isco<span class=\"_ _0\"></span>unts usin<span class=\"_ _0\"></span>g the ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted<span class=\"_ _0\"></span> value m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od and re<span class=\"_ _0\"></span>venue is o<span class=\"_ _0\"></span>nly re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d to the ex<span class=\"_ _0\"></span>tent t<span class=\"_ _0\"></span>hat it is hi<span class=\"_ _0\"></span>ghly p<span class=\"_ _0\"></span>robab<span class=\"_ _0\"></span>le that a s<span class=\"_ _0\"></span>ignif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant rever<span class=\"_ _0\"></span>sal will n<span class=\"_ _0\"></span>ot occ<span class=\"_ _0\"></span>ur<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>Segment Reporting<span class=\"_ _363\"> </span>An o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ating se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>ent is a co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>nent of t<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p that en<span class=\"_ _0\"></span>gage<span class=\"_ _0\"></span>s in busin<span class=\"_ _0\"></span>ess ac<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s from w<span class=\"_ _0\"></span>hich i<span class=\"_ _0\"></span>t may ear<span class=\"_ _0\"></span>n revenu<span class=\"_ _0\"></span>es and i<span class=\"_ _0\"></span>ncur e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nses<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>for whic<span class=\"_ _0\"></span>h discre<span class=\"_ _0\"></span>te fina<span class=\"_ _0\"></span>ncial i<span class=\"_ _0\"></span>nformat<span class=\"_ _0\"></span>ion is avail<span class=\"_ _0\"></span>able, i<span class=\"_ _0\"></span>nclu<span class=\"_ _0\"></span>ding reve<span class=\"_ _0\"></span>nues a<span class=\"_ _0\"></span>nd exp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>s that rel<span class=\"_ _0\"></span>ate to transac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns with a<span class=\"_ _0\"></span>ny of the Grou<span class=\"_ _0\"></span>p\u2019s other<span class=\"_ _0\"></span> com<span class=\"_ _0\"></span>pon<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>. All o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ating se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>ents\u2019 o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ating re<span class=\"_ _0\"></span>sults are r<span class=\"_ _0\"></span>evie<span class=\"_ _0\"></span>wed reg<span class=\"_ _0\"></span>ular<span class=\"_ _0\"></span>ly by the G<span class=\"_ _0\"></span>roup\u2019s Chi<span class=\"_ _0\"></span>ef Op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ng De<span class=\"_ _0\"></span>cisi<span class=\"_ _0\"></span>on Make<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>, b<span class=\"_ _0\"></span>eing t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>oard<span class=\"_ _0\"></span>, <span class=\"ls2\"> </span>who is res<span class=\"_ _0\"></span>pons<span class=\"_ _0\"></span>ible for all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ating res<span class=\"_ _0\"></span>ourc<span class=\"_ _0\"></span>es and as<span class=\"_ _0\"></span>sessi<span class=\"_ _0\"></span>ng pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Foreign<span class=\"_ _2\"></span> Currency Tran<span class=\"_ _4\"></span>slation<span class=\"_ _363\"> </span>Functional and<span class=\"_ _2\"></span> Presentation Currenc<span class=\"_ _2\"></span>y<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e cons<span class=\"_ _0\"></span>olidate<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>ancia<span class=\"_ _0\"></span>l statem<span class=\"_ _0\"></span>ents are p<span class=\"_ _0\"></span>resente<span class=\"_ _0\"></span>d in ster<span class=\"_ _0\"></span>ling. I<span class=\"_ _0\"></span>tems inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>d in the f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ents of eac<span class=\"_ _0\"></span>h of the Gro<span class=\"_ _0\"></span>up\u2019s enti<span class=\"_ _0\"></span>ties are<span class=\"_ _0\"></span> measu<span class=\"_ _0\"></span>red usin<span class=\"_ _0\"></span>g its fu<span class=\"_ _0\"></span>nct<span class=\"_ _0\"></span>ional c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>ncy, being t<span class=\"_ _0\"></span>he cu<span class=\"_ _0\"></span>rren<span class=\"_ _0\"></span>cy of the p<span class=\"_ _0\"></span>rima<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>omic e<span class=\"_ _0\"></span>nviro<span class=\"_ _0\"></span>nment i<span class=\"_ _0\"></span>n whic<span class=\"_ _0\"></span>h the e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>y op<span class=\"_ _0\"></span>erates wh<span class=\"_ _0\"></span>ich is pr<span class=\"_ _0\"></span>imar<span class=\"_ _0\"></span>ily<span class=\"_ _0\"></span> euro an<span class=\"_ _0\"></span>d sterli<span class=\"_ _0\"></span>ng. T<span class=\"_ _0\"></span>he fu<span class=\"_ _0\"></span>nct<span class=\"_ _0\"></span>ional c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>ncy of th<span class=\"_ _0\"></span>e pare<span class=\"_ _0\"></span>nt com<span class=\"_ _0\"></span>pany is eur<span class=\"_ _0\"></span>o.<span class=\"_ _363\"> </span>Transactions<span class=\"_ _4\"></span> and Balances<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>ransac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns in forei<span class=\"_ _0\"></span>gn cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>ies are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d at the r<span class=\"_ _0\"></span>ate of exchange r<span class=\"_ _0\"></span>uling at t<span class=\"_ _0\"></span>he date of the t<span class=\"_ _0\"></span>rans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on. M<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>tar<span class=\"_ _0\"></span>y as<span class=\"_ _0\"></span>sets an<span class=\"_ _0\"></span>d liabili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span> den<span class=\"_ _0\"></span>omin<span class=\"_ _0\"></span>ated in forei<span class=\"_ _0\"></span>gn cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>ies are re<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>nslated to the re<span class=\"_ _0\"></span>leva<span class=\"_ _0\"></span>nt func<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy at the r<span class=\"_ _0\"></span>ate of exchang<span class=\"_ _0\"></span>e rulin<span class=\"_ _0\"></span>g at the ba<span class=\"_ _0\"></span>lanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et date.<span class=\"_ _363\"> </span>All c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>ncy t<span class=\"_ _0\"></span>ranslat<span class=\"_ _0\"></span>ion dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>es on m<span class=\"_ _0\"></span>onet<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y as<span class=\"_ _0\"></span>sets an<span class=\"_ _0\"></span>d liabili<span class=\"_ _0\"></span>ties a<span class=\"_ _0\"></span>re taken to th<span class=\"_ _0\"></span>e inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt except fo<span class=\"_ _0\"></span>r the ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ctive p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>desig<span class=\"_ _0\"></span>nated as a he<span class=\"_ _0\"></span>dge of a n<span class=\"_ _0\"></span>et invest<span class=\"_ _0\"></span>ment in a fo<span class=\"_ _0\"></span>reign o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n whic<span class=\"_ _0\"></span>h is rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in oth<span class=\"_ _0\"></span>er c<span class=\"_ _0\"></span>ompre<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nsive inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Foreign<span class=\"_ _2\"></span> Op<span class=\"_ _0\"></span>erations<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e assets a<span class=\"_ _0\"></span>nd liabi<span class=\"_ _0\"></span>litie<span class=\"_ _0\"></span>s of foreign o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns, in<span class=\"_ _0\"></span>cludi<span class=\"_ _0\"></span>ng go<span class=\"_ _0\"></span>odwill a<span class=\"_ _0\"></span>rising o<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>nsolid<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>, are tr<span class=\"_ _0\"></span>anslated to ste<span class=\"_ _0\"></span>rling at t<span class=\"_ _0\"></span>he fore<span class=\"_ _0\"></span>ign exch<span class=\"_ _0\"></span>ange r<span class=\"_ _0\"></span>ates rulin<span class=\"_ _0\"></span>g at the b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et date. Re<span class=\"_ _0\"></span>sults an<span class=\"_ _0\"></span>d cash f<span class=\"_ _0\"></span>lows of subs<span class=\"_ _0\"></span>idiar<span class=\"_ _0\"></span>ies wh<span class=\"_ _0\"></span>ich d<span class=\"_ _0\"></span>o not have ster<span class=\"_ _0\"></span>ling as th<span class=\"_ _0\"></span>eir fu<span class=\"_ _0\"></span>ncti<span class=\"_ _0\"></span>onal c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>ncy ar<span class=\"_ _0\"></span>e transl<span class=\"_ _0\"></span>ated into sterli<span class=\"_ _0\"></span>ng at averag<span class=\"_ _0\"></span>e excha<span class=\"_ _0\"></span>nge rates fo<span class=\"_ _0\"></span>r the yea<span class=\"_ _0\"></span>r and th<span class=\"_ _0\"></span>e related b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>ets ar<span class=\"_ _0\"></span>e transl<span class=\"_ _0\"></span>ated at the r<span class=\"_ _0\"></span>ates of exchang<span class=\"_ _0\"></span>e ruli<span class=\"_ _0\"></span>ng at the b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span> date. Fore<span class=\"_ _0\"></span>ign exch<span class=\"_ _0\"></span>ange m<span class=\"_ _0\"></span>oveme<span class=\"_ _0\"></span>nts ar<span class=\"_ _0\"></span>ising on t<span class=\"_ _0\"></span>ranslat<span class=\"_ _0\"></span>ion of th<span class=\"_ _0\"></span>e net inve<span class=\"_ _0\"></span>stme<span class=\"_ _0\"></span>nt in a forei<span class=\"_ _0\"></span>gn op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>ding th<span class=\"_ _0\"></span>ose ar<span class=\"_ _0\"></span>ising o<span class=\"_ _0\"></span>n lon<span class=\"_ _0\"></span>g term<span class=\"_ _363\"> </span>intra<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup lo<span class=\"_ _0\"></span>ans de<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ed to be qu<span class=\"_ _0\"></span>asi equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y in nature<span class=\"_ _0\"></span>, are rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised di<span class=\"_ _0\"></span>rect<span class=\"_ _0\"></span>ly in oth<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>mpre<span class=\"_ _0\"></span>hens<span class=\"_ _0\"></span>ive inc<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>, in the c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ency t<span class=\"_ _0\"></span>ransl<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>reser<span class=\"_ _3\"></span>ve. Th<span class=\"_ _0\"></span>e por<span class=\"_ _3\"></span>tion of exch<span class=\"_ _0\"></span>ange g<span class=\"_ _0\"></span>ains or l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s on forei<span class=\"_ _0\"></span>gn cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y bo<span class=\"_ _0\"></span>rrowing<span class=\"_ _0\"></span>s or de<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ives us<span class=\"_ _0\"></span>ed to provi<span class=\"_ _0\"></span>de a he<span class=\"_ _0\"></span>dge ag<span class=\"_ _0\"></span>ainst a n<span class=\"_ _0\"></span>et invest<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>in a foreig<span class=\"_ _0\"></span>n ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on that is d<span class=\"_ _0\"></span>esig<span class=\"_ _0\"></span>nated as a he<span class=\"_ _0\"></span>dge of th<span class=\"_ _0\"></span>ose inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nised di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>tly in oth<span class=\"_ _0\"></span>er c<span class=\"_ _0\"></span>ompr<span class=\"_ _0\"></span>ehe<span class=\"_ _0\"></span>nsive inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e to the ex<span class=\"_ _0\"></span>tent t<span class=\"_ _0\"></span>hat they a<span class=\"_ _0\"></span>re deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed to be ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ctive<span class=\"_ _0\"></span>. The i<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on is re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nised i<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>diately i<span class=\"_ _0\"></span>n the in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Movem<span class=\"_ _0\"></span>ents sin<span class=\"_ _0\"></span>ce 1 Jan<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>00<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>, the date of tr<span class=\"_ _0\"></span>ansiti<span class=\"_ _0\"></span>on to IFR<span class=\"_ _0\"></span>S, a<span class=\"_ _0\"></span>re rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy tra<span class=\"_ _0\"></span>nslatio<span class=\"_ _0\"></span>n rese<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve and a<span class=\"_ _0\"></span>re recl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>ied to t<span class=\"_ _0\"></span>he inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt on disp<span class=\"_ _0\"></span>osal of th<span class=\"_ _0\"></span>e related b<span class=\"_ _0\"></span>usines<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>Share Capital and<span class=\"_ _2\"></span> Share Premium<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e com<span class=\"_ _0\"></span>pany<span class=\"_ _0\"></span>\u2019s share c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al and sh<span class=\"_ _0\"></span>are prem<span class=\"_ _0\"></span>ium has b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n transl<span class=\"_ _0\"></span>ated fro<span class=\"_ _0\"></span>m euro into ster<span class=\"_ _0\"></span>ling at his<span class=\"_ _0\"></span>toric r<span class=\"_ _0\"></span>ates of exchang<span class=\"_ _0\"></span>e at the d<span class=\"_ _0\"></span>ates of trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>ons.<span class=\"_ _363\"> </span>Exceptional Items<span class=\"_ _2\"></span> and Non<span class=\"_ _0\"></span>-recurr<span class=\"_ _4\"></span>ing Items<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group h<span class=\"_ _0\"></span>as adopte<span class=\"_ _0\"></span>d a poli<span class=\"_ _0\"></span>cy in relat<span class=\"_ _0\"></span>ion to it<span class=\"_ _0\"></span>s inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt which s<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ks to highlig<span class=\"_ _0\"></span>ht signi<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>ant ite<span class=\"_ _0\"></span>ms with<span class=\"_ _0\"></span>in the G<span class=\"_ _0\"></span>roup\u2019s resul<span class=\"_ _0\"></span>ts. S<span class=\"_ _0\"></span>uch<span class=\"_ _0\"></span> items may in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e signi<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>ant res<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>ctur<span class=\"_ _0\"></span>ing an<span class=\"_ _0\"></span>d one<span class=\"_ _0\"></span>rous le<span class=\"_ _0\"></span>ase prov<span class=\"_ _0\"></span>isions<span class=\"_ _0\"></span>, prof<span class=\"_ _0\"></span>it or l<span class=\"_ _0\"></span>oss on d<span class=\"_ _0\"></span>ispos<span class=\"_ _0\"></span>al or ter<span class=\"_ _0\"></span>minati<span class=\"_ _0\"></span>on of op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, litig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n cost<span class=\"_ _0\"></span>s and se<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ents an<span class=\"_ _0\"></span>d impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of assets<span class=\"_ _0\"></span>. Jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent is use<span class=\"_ _0\"></span>d by the G<span class=\"_ _0\"></span>roup in as<span class=\"_ _0\"></span>sessi<span class=\"_ _0\"></span>ng the p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cular i<span class=\"_ _0\"></span>tems whi<span class=\"_ _0\"></span>ch, by v<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>e of their s<span class=\"_ _0\"></span>cale a<span class=\"_ _0\"></span>nd nature, s<span class=\"_ _0\"></span>houl<span class=\"_ _0\"></span>d be disc<span class=\"_ _0\"></span>lose<span class=\"_ _0\"></span>d in the i<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement o<span class=\"_ _0\"></span>r relate<span class=\"_ _0\"></span>d notes. W<span class=\"_ _0\"></span>here e<span class=\"_ _0\"></span>xcepti<span class=\"_ _0\"></span>onal i<span class=\"_ _0\"></span>tems are not si<span class=\"_ _0\"></span>gnif<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>nt for sep<span class=\"_ _0\"></span>arate pres<span class=\"_ _0\"></span>entati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, they<span class=\"_ _0\"></span> are discl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d as non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g items<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y prof<span class=\"_ _0\"></span>it is dis<span class=\"_ _0\"></span>clos<span class=\"_ _0\"></span>ed as a se<span class=\"_ _0\"></span>parate lin<span class=\"_ _0\"></span>e item on t<span class=\"_ _0\"></span>he fac<span class=\"_ _0\"></span>e of the Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt. P<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y prof<span class=\"_ _0\"></span>it ar<span class=\"_ _0\"></span>ises wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e proc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds, l<span class=\"_ _0\"></span>ess c<span class=\"_ _0\"></span>osts to sell<span class=\"_ _0\"></span>, exce<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing valu<span class=\"_ _0\"></span>e of the disp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y.<span class=\"_ _363\"> </span>Rebate Ar<span class=\"_ _2\"></span>rangements<span class=\"_ _363\"> </span>Rebate ar<span class=\"_ _0\"></span>rang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents are a c<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>on c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nt of supplie<span class=\"_ _0\"></span>r agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents in t<span class=\"_ _0\"></span>he me<span class=\"_ _0\"></span>rchant<span class=\"_ _0\"></span>ing indu<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>y. As par<span class=\"_ _3\"></span>t of its on<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>oing bu<span class=\"_ _0\"></span>sines<span class=\"_ _0\"></span>s acti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, Graf<span class=\"_ _0\"></span>ton Gro<span class=\"_ _0\"></span>up plc h<span class=\"_ _0\"></span>as entere<span class=\"_ _0\"></span>d into such ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ents wi<span class=\"_ _0\"></span>th a sig<span class=\"_ _0\"></span>nifi<span class=\"_ _0\"></span>cant n<span class=\"_ _0\"></span>umbe<span class=\"_ _0\"></span>r of its sup<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>rs.<span class=\"_ _363\"> </span>Sup<span class=\"_ _0\"></span>plier re<span class=\"_ _0\"></span>bates re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>ved and r<span class=\"_ _0\"></span>ece<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>le in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of goo<span class=\"_ _0\"></span>ds whic<span class=\"_ _0\"></span>h have be<span class=\"_ _0\"></span>en so<span class=\"_ _0\"></span>ld to the Gr<span class=\"_ _0\"></span>oup\u2019s custo<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s are de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ted from c<span class=\"_ _0\"></span>ost of sa<span class=\"_ _0\"></span>les in <span class=\"ls2\"> </span>the in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e state<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>. Wh<span class=\"_ _0\"></span>ere go<span class=\"_ _0\"></span>ods o<span class=\"_ _0\"></span>n whic<span class=\"_ _0\"></span>h rebate has be<span class=\"_ _0\"></span>en e<span class=\"_ _0\"></span>arn<span class=\"_ _0\"></span>ed re<span class=\"_ _0\"></span>main in inventor<span class=\"_ _3\"></span>y at the yea<span class=\"_ _0\"></span>r-e<span class=\"_ _0\"></span>nd, a<span class=\"_ _0\"></span>n appro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate rebate ded<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>ion is<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>made f<span class=\"_ _0\"></span>rom th<span class=\"_ _0\"></span>e gross b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying valu<span class=\"_ _0\"></span>e of that invento<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y. The rebate de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is only r<span class=\"_ _0\"></span>eleas<span class=\"_ _0\"></span>ed to the i<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement w<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>he <span class=\"ls2\"> </span>goo<span class=\"_ _0\"></span>ds are ul<span class=\"_ _0\"></span>timatel<span class=\"_ _0\"></span>y sold<span class=\"_ _0\"></span>. At the ye<span class=\"_ _0\"></span>ar-e<span class=\"_ _0\"></span>nd the b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es a bala<span class=\"_ _0\"></span>nce re<span class=\"_ _0\"></span>prese<span class=\"_ _0\"></span>nting u<span class=\"_ _0\"></span>npaid a<span class=\"_ _0\"></span>mount<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>eivab<span class=\"_ _0\"></span>le fro<span class=\"_ _0\"></span>m supp<span class=\"_ _0\"></span>lier<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>1. <span class=\"_ _45\"> </span>Summary of Significant A<span class=\"_ _2\"></span>ccounting Policies<span class=\"ff85 ls9d ws54\"> continue<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>Finance Expense<span class=\"_ _363\"> </span>Fina<span class=\"_ _0\"></span>nce ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ises intere<span class=\"_ _0\"></span>st payab<span class=\"_ _0\"></span>le on b<span class=\"_ _0\"></span>orrow<span class=\"_ _0\"></span>ings ca<span class=\"_ _0\"></span>lculate<span class=\"_ _0\"></span>d using t<span class=\"_ _0\"></span>he ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive intere<span class=\"_ _0\"></span>st rate met<span class=\"_ _0\"></span>hod<span class=\"_ _0\"></span>, ne<span class=\"_ _0\"></span>t foreign e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e los<span class=\"_ _0\"></span>ses on<span class=\"_ _0\"></span> mon<span class=\"_ _0\"></span>etar<span class=\"_ _3\"></span>y items and g<span class=\"_ _0\"></span>ains and l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s on he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g instr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts that a<span class=\"_ _0\"></span>re rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>ome s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt. T<span class=\"_ _0\"></span>he n<span class=\"_ _0\"></span>et fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t of pensi<span class=\"_ _0\"></span>on sche<span class=\"_ _0\"></span>me o<span class=\"_ _0\"></span>bligati<span class=\"_ _0\"></span>ons is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d as a fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ense in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent. T<span class=\"_ _0\"></span>he inte<span class=\"_ _0\"></span>rest ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>nent of lea<span class=\"_ _0\"></span>se paym<span class=\"_ _0\"></span>ents is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in the i<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement us<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive interes<span class=\"_ _0\"></span>t rate meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re appro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iate the fair va<span class=\"_ _0\"></span>lue adju<span class=\"_ _0\"></span>stme<span class=\"_ _0\"></span>nt to hed<span class=\"_ _0\"></span>ged i<span class=\"_ _0\"></span>tems that a<span class=\"_ _0\"></span>re the su<span class=\"_ _0\"></span>bjec<span class=\"_ _0\"></span>t of a fair value h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>e is incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d as a fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ense o<span class=\"_ _0\"></span>r fin<span class=\"_ _0\"></span>ance i<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>me. B<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rowing c<span class=\"_ _0\"></span>osts t<span class=\"_ _0\"></span>hat are not dire<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ly at<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>but<span class=\"_ _0\"></span>able to th<span class=\"_ _0\"></span>e acquis<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n, cons<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ucti<span class=\"_ _0\"></span>on or p<span class=\"_ _0\"></span>rodu<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on of a qualif<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing ass<span class=\"_ _0\"></span>et are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in the i<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement as i<span class=\"_ _0\"></span>ncur<span class=\"_ _0\"></span>red us<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive interes<span class=\"_ _0\"></span>t rate meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Finance Income<span class=\"_ _363\"> </span>Fina<span class=\"_ _0\"></span>nce in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ises intere<span class=\"_ _0\"></span>st inc<span class=\"_ _0\"></span>ome o<span class=\"_ _0\"></span>n cash a<span class=\"_ _0\"></span>nd cas<span class=\"_ _0\"></span>h equi<span class=\"_ _0\"></span>valent<span class=\"_ _0\"></span>s, div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nd inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e, gains o<span class=\"_ _0\"></span>n the dis<span class=\"_ _0\"></span>posa<span class=\"_ _0\"></span>l of fina<span class=\"_ _0\"></span>ncial as<span class=\"_ _0\"></span>sets<span class=\"_ _0\"></span>, and ga<span class=\"_ _0\"></span>ins <span class=\"ls2\"> </span>on he<span class=\"_ _0\"></span>dging i<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts that a<span class=\"_ _0\"></span>re rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r loss<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e net e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cted re<span class=\"_ _0\"></span>turn o<span class=\"_ _0\"></span>n def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it pe<span class=\"_ _0\"></span>nsion s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me pla<span class=\"_ _0\"></span>n assets i<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed as fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e inco<span class=\"_ _0\"></span>me in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>ome s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent. Inter<span class=\"_ _0\"></span>est inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e is rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>ome s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent as it ac<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ues us<span class=\"_ _0\"></span>ing the e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fecti<span class=\"_ _0\"></span>ve interest<span class=\"_ _363\"> </span>rate met<span class=\"_ _0\"></span>hod<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Business Combinations<span class=\"_ _363\"> </span>Busin<span class=\"_ _0\"></span>ess co<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>s are acc<span class=\"_ _0\"></span>ounted fo<span class=\"_ _0\"></span>r using t<span class=\"_ _0\"></span>he acq<span class=\"_ _0\"></span>uisiti<span class=\"_ _0\"></span>on me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d as at the ac<span class=\"_ _0\"></span>quisi<span class=\"_ _0\"></span>tion d<span class=\"_ _0\"></span>ate, whic<span class=\"_ _0\"></span>h is the date o<span class=\"_ _0\"></span>n which c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rol is tr<span class=\"_ _0\"></span>ansfer<span class=\"_ _0\"></span>red to the Gro<span class=\"_ _0\"></span>up. Co<span class=\"_ _0\"></span>ntrol i<span class=\"_ _0\"></span>s def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d as when t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up is exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to, or has r<span class=\"_ _0\"></span>ights to, var<span class=\"_ _0\"></span>iabl<span class=\"_ _0\"></span>e retur<span class=\"_ _0\"></span>ns fro<span class=\"_ _0\"></span>m its invol<span class=\"_ _0\"></span>veme<span class=\"_ _0\"></span>nt with t<span class=\"_ _0\"></span>he ent<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y and has t<span class=\"_ _0\"></span>he abilit<span class=\"_ _0\"></span>y to af<span class=\"_ _0\"></span>fect t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e retur<span class=\"_ _0\"></span>ns thro<span class=\"_ _0\"></span>ugh it<span class=\"_ _0\"></span>s power over t<span class=\"_ _0\"></span>he ent<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>s goo<span class=\"_ _0\"></span>dwill at th<span class=\"_ _0\"></span>e acqu<span class=\"_ _0\"></span>isiti<span class=\"_ _0\"></span>on date as:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e of the c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>on tr<span class=\"_ _0\"></span>ansfer<span class=\"_ _0\"></span>red; plu<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>sed am<span class=\"_ _0\"></span>ount of any no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ntroll<span class=\"_ _0\"></span>ing interes<span class=\"_ _0\"></span>ts in th<span class=\"_ _0\"></span>e acquire<span class=\"_ _0\"></span>e; plu<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">If th<span class=\"_ _0\"></span>e busine<span class=\"_ _0\"></span>ss co<span class=\"_ _0\"></span>mbinat<span class=\"_ _0\"></span>ion is a<span class=\"_ _0\"></span>chie<span class=\"_ _0\"></span>ved in st<span class=\"_ _0\"></span>ages<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e of the exis<span class=\"_ _0\"></span>ting e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y intere<span class=\"_ _0\"></span>st in th<span class=\"_ _0\"></span>e acqu<span class=\"_ _0\"></span>iree; l<span class=\"_ _0\"></span>ess<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>e net re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d amo<span class=\"_ _0\"></span>unt (g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>rally fai<span class=\"_ _0\"></span>r value) of the id<span class=\"_ _0\"></span>entif<span class=\"_ _0\"></span>iabl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts acqu<span class=\"_ _0\"></span>ired an<span class=\"_ _0\"></span>d liabili<span class=\"_ _0\"></span>ties as<span class=\"_ _0\"></span>sume<span class=\"_ _0\"></span>d.<span class=\"_ _363\"> </span></span>Whe<span class=\"_ _0\"></span>n the e<span class=\"_ _0\"></span>xcess is n<span class=\"_ _0\"></span>egat<span class=\"_ _0\"></span>ive, a ba<span class=\"_ _0\"></span>rgain pur<span class=\"_ _0\"></span>chase g<span class=\"_ _0\"></span>ain is rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised im<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diately in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent. T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>ransfer<span class=\"_ _0\"></span>red d<span class=\"_ _0\"></span>oes<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>not inc<span class=\"_ _0\"></span>lude a<span class=\"_ _0\"></span>mount<span class=\"_ _0\"></span>s related to th<span class=\"_ _0\"></span>e set<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of the pre<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>exist<span class=\"_ _0\"></span>ing rel<span class=\"_ _0\"></span>ations<span class=\"_ _0\"></span>hips. S<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>h amou<span class=\"_ _0\"></span>nts are ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ally re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in the in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me state<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Cos<span class=\"_ _0\"></span>ts relate<span class=\"_ _0\"></span>d to the acq<span class=\"_ _0\"></span>uisiti<span class=\"_ _0\"></span>on, ot<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>han th<span class=\"_ _0\"></span>ose ass<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>ated with t<span class=\"_ _0\"></span>he issu<span class=\"_ _0\"></span>e of debt o<span class=\"_ _0\"></span>r equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y sec<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, that t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up incu<span class=\"_ _0\"></span>rs in c<span class=\"_ _0\"></span>onne<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ion wi<span class=\"_ _0\"></span>th a busine<span class=\"_ _0\"></span>ss co<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>ation a<span class=\"_ _0\"></span>re exp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>d as incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d.<span class=\"_ _363\"> </span>Any c<span class=\"_ _0\"></span>ontin<span class=\"_ _0\"></span>gent c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion paya<span class=\"_ _0\"></span>ble is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d at fair valu<span class=\"_ _0\"></span>e at the ac<span class=\"_ _0\"></span>quisi<span class=\"_ _0\"></span>tion d<span class=\"_ _0\"></span>ate. If the c<span class=\"_ _0\"></span>ontin<span class=\"_ _0\"></span>gent c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion is c<span class=\"_ _0\"></span>lassif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>it is not re<span class=\"_ _3\"></span>-m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>d and se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tlem<span class=\"_ _0\"></span>ent is ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unted for wi<span class=\"_ _0\"></span>thin e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y. Oth<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>wise<span class=\"_ _0\"></span>, subse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt chan<span class=\"_ _0\"></span>ges to th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e of the co<span class=\"_ _0\"></span>nting<span class=\"_ _0\"></span>ent cons<span class=\"_ _0\"></span>ider<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n are rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Goodwill<span class=\"_ _363\"> </span>Goo<span class=\"_ _0\"></span>dwill is t<span class=\"_ _0\"></span>he exce<span class=\"_ _0\"></span>ss of the c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>on pai<span class=\"_ _0\"></span>d over th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e of the ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>iabl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts, lia<span class=\"_ _0\"></span>biliti<span class=\"_ _0\"></span>es and c<span class=\"_ _0\"></span>onti<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>nt liabili<span class=\"_ _0\"></span>ties in a b<span class=\"_ _0\"></span>usine<span class=\"_ _0\"></span>ss com<span class=\"_ _0\"></span>binati<span class=\"_ _0\"></span>on and r<span class=\"_ _0\"></span>elates to asse<span class=\"_ _0\"></span>ts whic<span class=\"_ _0\"></span>h are not ca<span class=\"_ _0\"></span>pabl<span class=\"_ _0\"></span>e of being i<span class=\"_ _0\"></span>ndiv<span class=\"_ _0\"></span>iduall<span class=\"_ _0\"></span>y ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>ied a<span class=\"_ _0\"></span>nd sep<span class=\"_ _0\"></span>arately re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d.<span class=\"_ _363\"> </span>Goo<span class=\"_ _0\"></span>dwill ac<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d is allo<span class=\"_ _0\"></span>cated<span class=\"_ _0\"></span>, at acquis<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n date, to the g<span class=\"_ _0\"></span>roups of C<span class=\"_ _0\"></span>ash Gen<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ing Uni<span class=\"_ _0\"></span>ts (<span class=\"_ _0\"></span>\u201cCGU<span class=\"_ _0\"></span>s\u201d<span class=\"_ _0\"></span>) e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cted to b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>it f<span class=\"_ _0\"></span>rom sy<span class=\"_ _0\"></span>nerg<span class=\"_ _0\"></span>ies rel<span class=\"_ _0\"></span>ated <span class=\"ls2\"> </span>to the acq<span class=\"_ _0\"></span>uisiti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re manag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt reass<span class=\"_ _0\"></span>esse<span class=\"_ _0\"></span>s its gro<span class=\"_ _0\"></span>ups of CGU<span class=\"_ _0\"></span>s, go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill is reallo<span class=\"_ _0\"></span>cated o<span class=\"_ _0\"></span>n a relati<span class=\"_ _0\"></span>ve value b<span class=\"_ _0\"></span>asis.<span class=\"_ _363\"> </span>Goo<span class=\"_ _0\"></span>dwill is m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>d at cos<span class=\"_ _0\"></span>t less a<span class=\"_ _0\"></span>ccum<span class=\"_ _0\"></span>ulated im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>ment l<span class=\"_ _0\"></span>osses<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e CGU<span class=\"_ _0\"></span>s repres<span class=\"_ _0\"></span>ent th<span class=\"_ _0\"></span>e lowest l<span class=\"_ _0\"></span>evel wi<span class=\"_ _0\"></span>thin th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p at whic<span class=\"_ _0\"></span>h goo<span class=\"_ _0\"></span>dwill is<span class=\"_ _0\"></span> moni<span class=\"_ _0\"></span>tored fo<span class=\"_ _0\"></span>r interna<span class=\"_ _0\"></span>l manag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt pur<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e units a<span class=\"_ _0\"></span>re no larg<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>an the o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ating s<span class=\"_ _0\"></span>egm<span class=\"_ _0\"></span>ents de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ined i<span class=\"_ _0\"></span>n acc<span class=\"_ _0\"></span>ordan<span class=\"_ _0\"></span>ce wi<span class=\"_ _0\"></span>th IFR<span class=\"_ _0\"></span>S 8:<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>Op<span class=\"_ _0\"></span>eratin<span class=\"_ _0\"></span>g Se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>ents. G<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>dwill is subj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t to impair<span class=\"_ _0\"></span>ment tes<span class=\"_ _0\"></span>ting o<span class=\"_ _0\"></span>n an annu<span class=\"_ _0\"></span>al basis and at a<span class=\"_ _0\"></span>ny time du<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r if an indi<span class=\"_ _0\"></span>cator of imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ent ex<span class=\"_ _0\"></span>ists.<span class=\"_ _363\"> </span>Whe<span class=\"_ _0\"></span>re the re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>rabl<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt of a cash g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>rating u<span class=\"_ _0\"></span>nit is le<span class=\"_ _0\"></span>ss tha<span class=\"_ _0\"></span>n the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>, an im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>ment lo<span class=\"_ _0\"></span>ss is re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nised<span class=\"_ _0\"></span>. Impai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt los<span class=\"_ _0\"></span>ses arisin<span class=\"_ _0\"></span>g in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of goo<span class=\"_ _0\"></span>dwill are n<span class=\"_ _0\"></span>ot revers<span class=\"_ _0\"></span>ed on<span class=\"_ _0\"></span>ce re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d.<span class=\"_ _363\"> </span>Whe<span class=\"_ _0\"></span>re a busin<span class=\"_ _0\"></span>ess is dis<span class=\"_ _0\"></span>pose<span class=\"_ _0\"></span>d of from a C<span class=\"_ _0\"></span>GU to whic<span class=\"_ _0\"></span>h go<span class=\"_ _0\"></span>odwill ha<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>en allo<span class=\"_ _0\"></span>cated o<span class=\"_ _0\"></span>n acqu<span class=\"_ _0\"></span>isiti<span class=\"_ _0\"></span>on, a<span class=\"_ _0\"></span>n alloc<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n is mad<span class=\"_ _0\"></span>e to the disp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d busine<span class=\"_ _0\"></span>ss and inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>d in de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ining th<span class=\"_ _0\"></span>e prof<span class=\"_ _0\"></span>it or l<span class=\"_ _0\"></span>oss ar<span class=\"_ _0\"></span>ising on d<span class=\"_ _0\"></span>ispos<span class=\"_ _0\"></span>al. T<span class=\"_ _0\"></span>he allo<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on of go<span class=\"_ _0\"></span>odwil<span class=\"_ _0\"></span>l to the disp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d busine<span class=\"_ _0\"></span>ss is de<span class=\"_ _0\"></span>termin<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n the bas<span class=\"_ _0\"></span>is of the fai<span class=\"_ _0\"></span>r value of th<span class=\"_ _0\"></span>e dispo<span class=\"_ _0\"></span>sed bu<span class=\"_ _0\"></span>sines<span class=\"_ _0\"></span>s relati<span class=\"_ _0\"></span>ve to the fair val<span class=\"_ _0\"></span>ue of the p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion of th<span class=\"_ _0\"></span>e CGU re<span class=\"_ _0\"></span>taine<span class=\"_ _0\"></span>d. Fair v<span class=\"_ _0\"></span>alue of th<span class=\"_ _0\"></span>e dispos<span class=\"_ _0\"></span>ed bu<span class=\"_ _0\"></span>siness i<span class=\"_ _0\"></span>s based o<span class=\"_ _0\"></span>n the dis<span class=\"_ _0\"></span>posa<span class=\"_ _0\"></span>l consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n and fair val<span class=\"_ _0\"></span>ue of the p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion of th<span class=\"_ _0\"></span>e CGU re<span class=\"_ _0\"></span>taine<span class=\"_ _0\"></span>d is dete<span class=\"_ _0\"></span>rmin<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n a value in us<span class=\"_ _0\"></span>e basis.<span class=\"_ _363\"> </span>Intangible Asse<span class=\"_ _2\"></span>ts (<span class=\"_ _2\"></span>Computer Software<span class=\"_ _2\"></span>)<span class=\"_ _363\"> </span>Acqui<span class=\"_ _0\"></span>red c<span class=\"_ _0\"></span>ompu<span class=\"_ _0\"></span>ter sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ware, in<span class=\"_ _0\"></span>cludin<span class=\"_ _0\"></span>g co<span class=\"_ _0\"></span>mpute<span class=\"_ _0\"></span>r sof<span class=\"_ _0\"></span>tware w<span class=\"_ _0\"></span>hich is n<span class=\"_ _0\"></span>ot an integr<span class=\"_ _0\"></span>ated par<span class=\"_ _3\"></span>t of an item of co<span class=\"_ _0\"></span>mpute<span class=\"_ _0\"></span>r hardware<span class=\"_ _0\"></span>, is stated at c<span class=\"_ _0\"></span>ost l<span class=\"_ _0\"></span>ess any<span class=\"_ _0\"></span> accu<span class=\"_ _0\"></span>mulated a<span class=\"_ _0\"></span>mor<span class=\"_ _3\"></span>tisati<span class=\"_ _0\"></span>on and any a<span class=\"_ _0\"></span>ccum<span class=\"_ _0\"></span>ulated im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>ment l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s. Co<span class=\"_ _0\"></span>st co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ises of pur<span class=\"_ _0\"></span>chase p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>e and any oth<span class=\"_ _0\"></span>er dire<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ly at<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>but<span class=\"_ _0\"></span>able c<span class=\"_ _0\"></span>osts<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Co<span class=\"_ _0\"></span>mpute<span class=\"_ _0\"></span>r sof<span class=\"_ _0\"></span>twar<span class=\"_ _0\"></span>e is rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed if i<span class=\"_ _0\"></span>t mee<span class=\"_ _0\"></span>ts the fo<span class=\"_ _0\"></span>llowing c<span class=\"_ _0\"></span>rite<span class=\"_ _0\"></span>ria:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">A<span class=\"_ _0\"></span>n asset c<span class=\"_ _0\"></span>an be s<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>ately ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d;<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">It is pro<span class=\"_ _0\"></span>babl<span class=\"_ _0\"></span>e that t<span class=\"_ _0\"></span>he asse<span class=\"_ _0\"></span>t created wi<span class=\"_ _0\"></span>ll gen<span class=\"_ _0\"></span>erate fu<span class=\"_ _0\"></span>ture e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts;<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>e deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>ment c<span class=\"_ _0\"></span>ost of th<span class=\"_ _0\"></span>e asset c<span class=\"_ _0\"></span>an be m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>d reliab<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>;<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>mple<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>nd imp<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>entati<span class=\"_ _0\"></span>on of th<span class=\"_ _0\"></span>e asset is te<span class=\"_ _0\"></span>chni<span class=\"_ _0\"></span>cally fe<span class=\"_ _0\"></span>asible;<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">It is pro<span class=\"_ _0\"></span>babl<span class=\"_ _0\"></span>e that t<span class=\"_ _0\"></span>he exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted fu<span class=\"_ _0\"></span>ture e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts that are at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le to the ass<span class=\"_ _0\"></span>et will f<span class=\"_ _0\"></span>low to the e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>; and<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t of the ass<span class=\"_ _0\"></span>et can b<span class=\"_ _0\"></span>e meas<span class=\"_ _0\"></span>ured re<span class=\"_ _0\"></span>liabl<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span></span>1. <span class=\"_ _45\"> </span>Summary of Significant A<span class=\"_ _2\"></span>ccounting Policies<span class=\"ff85 ls9d ws54\"> continue<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>Intangible Asse<span class=\"_ _2\"></span>ts (<span class=\"_ _2\"></span>other than Goodwill and Computer<span class=\"_ _2\"></span> Sof<span class=\"_ _0\"></span>tware<span class=\"_ _2\"></span>)<span class=\"_ _363\"> </span>Cos<span class=\"_ _0\"></span>ts relat<span class=\"_ _0\"></span>ing to the d<span class=\"_ _0\"></span>evelo<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt of com<span class=\"_ _0\"></span>puter s<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>tware fo<span class=\"_ _0\"></span>r interna<span class=\"_ _0\"></span>l use are c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>alised o<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e the re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gniti<span class=\"_ _0\"></span>on cr<span class=\"_ _0\"></span>iter<span class=\"_ _0\"></span>ia ou<span class=\"_ _0\"></span>tline<span class=\"_ _0\"></span>d above are m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Co<span class=\"_ _0\"></span>mpute<span class=\"_ _0\"></span>r sof<span class=\"_ _0\"></span>twar<span class=\"_ _0\"></span>e is amor<span class=\"_ _3\"></span>tise<span class=\"_ _0\"></span>d over its e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cted u<span class=\"_ _0\"></span>seful li<span class=\"_ _0\"></span>fe, whic<span class=\"_ _0\"></span>h rang<span class=\"_ _0\"></span>es fro<span class=\"_ _0\"></span>m 4 to 1<span class=\"_ _2\"></span>0 year<span class=\"_ _0\"></span>s, by ch<span class=\"_ _0\"></span>arging e<span class=\"_ _0\"></span>qual in<span class=\"_ _0\"></span>stalm<span class=\"_ _0\"></span>ents to th<span class=\"_ _0\"></span>e inco<span class=\"_ _0\"></span>me statem<span class=\"_ _0\"></span>ent fro<span class=\"_ _0\"></span>m the d<span class=\"_ _0\"></span>ate the asse<span class=\"_ _0\"></span>ts are rea<span class=\"_ _0\"></span>dy for us<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>An int<span class=\"_ _0\"></span>angib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>t, ot<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>han go<span class=\"_ _0\"></span>odwi<span class=\"_ _0\"></span>ll and co<span class=\"_ _0\"></span>mpu<span class=\"_ _0\"></span>ter sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ware, is re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d to the ex<span class=\"_ _0\"></span>tent t<span class=\"_ _0\"></span>hat it is pro<span class=\"_ _0\"></span>babl<span class=\"_ _0\"></span>e that th<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted fu<span class=\"_ _0\"></span>ture e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>omic<span class=\"_ _0\"></span> ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts at<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>but<span class=\"_ _0\"></span>able to th<span class=\"_ _0\"></span>e asset wi<span class=\"_ _0\"></span>ll fl<span class=\"_ _0\"></span>ow to the Grou<span class=\"_ _0\"></span>p and th<span class=\"_ _0\"></span>at its fair va<span class=\"_ _0\"></span>lue ca<span class=\"_ _0\"></span>n be me<span class=\"_ _0\"></span>asured<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e asset is d<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d to be ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>iabl<span class=\"_ _0\"></span>e when i<span class=\"_ _0\"></span>t is sepa<span class=\"_ _0\"></span>rabl<span class=\"_ _0\"></span>e (i<span class=\"_ _0\"></span>.e. cap<span class=\"_ _0\"></span>able of be<span class=\"_ _0\"></span>ing div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d fro<span class=\"_ _0\"></span>m the e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>y and s<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>, transfe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d, lic<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, rented or e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, eit<span class=\"_ _0\"></span>her in<span class=\"_ _0\"></span>divi<span class=\"_ _0\"></span>duall<span class=\"_ _0\"></span>y or toge<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r with a<span class=\"_ _0\"></span> related c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>, asse<span class=\"_ _0\"></span>t or liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y) or whe<span class=\"_ _0\"></span>n it ar<span class=\"_ _0\"></span>ises f<span class=\"_ _0\"></span>rom co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctual o<span class=\"_ _0\"></span>r othe<span class=\"_ _0\"></span>r leg<span class=\"_ _0\"></span>al right<span class=\"_ _0\"></span>s, re<span class=\"_ _0\"></span>gardle<span class=\"_ _0\"></span>ss of whe<span class=\"_ _0\"></span>ther t<span class=\"_ _0\"></span>hos<span class=\"_ _0\"></span>e right<span class=\"_ _0\"></span>s are tra<span class=\"_ _0\"></span>nsferab<span class=\"_ _0\"></span>le or sepa<span class=\"_ _0\"></span>rabl<span class=\"_ _0\"></span>e from t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up or fr<span class=\"_ _0\"></span>om othe<span class=\"_ _0\"></span>r rig<span class=\"_ _0\"></span>hts and o<span class=\"_ _0\"></span>bligati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>ets ac<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d as par<span class=\"_ _0\"></span>t of a busi<span class=\"_ _0\"></span>ness c<span class=\"_ _0\"></span>omb<span class=\"_ _0\"></span>inatio<span class=\"_ _0\"></span>n are ca<span class=\"_ _0\"></span>pita<span class=\"_ _0\"></span>lised s<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>ately fro<span class=\"_ _0\"></span>m go<span class=\"_ _0\"></span>odwill at fa<span class=\"_ _0\"></span>ir value o<span class=\"_ _0\"></span>n the d<span class=\"_ _0\"></span>ate of acquisit<span class=\"_ _0\"></span>ion if t<span class=\"_ _0\"></span>he intang<span class=\"_ _0\"></span>ible as<span class=\"_ _0\"></span>set me<span class=\"_ _0\"></span>ets t<span class=\"_ _0\"></span>he def<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of an asset a<span class=\"_ _0\"></span>nd the fa<span class=\"_ _0\"></span>ir value c<span class=\"_ _0\"></span>an be re<span class=\"_ _0\"></span>liabl<span class=\"_ _0\"></span>y measu<span class=\"_ _0\"></span>red.<span class=\"_ _363\"> </span>Intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>ets are c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d at cos<span class=\"_ _0\"></span>t less a<span class=\"_ _0\"></span>ny accu<span class=\"_ _0\"></span>mulated am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isatio<span class=\"_ _0\"></span>n and any ac<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>ulated im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>ment lo<span class=\"_ _0\"></span>sses<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing valu<span class=\"_ _0\"></span>e of intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _0\"></span>s is revie<span class=\"_ _0\"></span>wed for im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>ment at e<span class=\"_ _0\"></span>ach rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing date and is a<span class=\"_ _0\"></span>lso subje<span class=\"_ _0\"></span>ct to im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>ment test<span class=\"_ _0\"></span>ing wh<span class=\"_ _0\"></span>en event<span class=\"_ _0\"></span>s or cha<span class=\"_ _0\"></span>nges i<span class=\"_ _0\"></span>n circu<span class=\"_ _0\"></span>mstan<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span> indic<span class=\"_ _0\"></span>ate that th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng value<span class=\"_ _0\"></span>s may not be re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>rabl<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>ets are a<span class=\"_ _0\"></span>mor<span class=\"_ _3\"></span>tised o<span class=\"_ _0\"></span>n a stra<span class=\"_ _0\"></span>ight-<span class=\"_ _0\"></span>line basis<span class=\"_ _0\"></span>. In ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al, f<span class=\"_ _0\"></span>inite life int<span class=\"_ _0\"></span>angibl<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>s are amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed over p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ods r<span class=\"_ _0\"></span>anging f<span class=\"_ _0\"></span>rom o<span class=\"_ _0\"></span>ne to twe<span class=\"_ _0\"></span>nty ye<span class=\"_ _0\"></span>ars<span class=\"_ _0\"></span>, dep<span class=\"_ _0\"></span>endi<span class=\"_ _0\"></span>ng on th<span class=\"_ _0\"></span>e nature of th<span class=\"_ _0\"></span>e intan<span class=\"_ _0\"></span>gible as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Property<span class=\"_ _2\"></span>, Plant and<span class=\"_ _2\"></span> Equipment<span class=\"_ _363\"> </span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>ent are s<span class=\"_ _0\"></span>tated at co<span class=\"_ _0\"></span>st or d<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>med c<span class=\"_ _0\"></span>ost l<span class=\"_ _0\"></span>ess ac<span class=\"_ _0\"></span>cumu<span class=\"_ _0\"></span>lated de<span class=\"_ _0\"></span>prec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n and im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>ment l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p\u2019s free<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>d prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies in Ire<span class=\"_ _0\"></span>land were re<span class=\"_ _0\"></span>value<span class=\"_ _0\"></span>d to fair valu<span class=\"_ _0\"></span>e in 1<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>98 a<span class=\"_ _0\"></span>nd are me<span class=\"_ _0\"></span>asured o<span class=\"_ _0\"></span>n the b<span class=\"_ _0\"></span>asis of de<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>t bein<span class=\"_ _0\"></span>g the re<span class=\"_ _0\"></span>value<span class=\"_ _0\"></span>d amo<span class=\"_ _0\"></span>unt at the d<span class=\"_ _0\"></span>ate <span class=\"ls2\"> </span>of that revalu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n less ac<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>ulated de<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>ciati<span class=\"_ _0\"></span>on. T<span class=\"_ _0\"></span>he val<span class=\"_ _0\"></span>uatio<span class=\"_ _0\"></span>ns were de<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ed to be c<span class=\"_ _0\"></span>ost for t<span class=\"_ _0\"></span>he pur<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ses of tra<span class=\"_ _0\"></span>nsiti<span class=\"_ _0\"></span>on to IFR<span class=\"_ _0\"></span>S as adopte<span class=\"_ _0\"></span>d <span class=\"ls2\"> </span>by the E<span class=\"_ _0\"></span>U.<span class=\"_ _363\"> </span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>ent are d<span class=\"_ _0\"></span>epre<span class=\"_ _0\"></span>ciated ove<span class=\"_ _0\"></span>r the<span class=\"_ _0\"></span>ir usef<span class=\"_ _0\"></span>ul ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic life o<span class=\"_ _0\"></span>n a stra<span class=\"_ _0\"></span>ight line b<span class=\"_ _0\"></span>asis at the fo<span class=\"_ _0\"></span>llowing r<span class=\"_ _0\"></span>ates: Freehold buildings<span class=\"_ _1ce\"> </span><span class=\"ls0 ws0\">50 \u2013 100 years<span class=\"_ _363\"> </span></span>Freeh<span class=\"_ _0\"></span>old la<span class=\"_ _0\"></span>nd<span class=\"_ _1cf\"> </span>Not de<span class=\"_ _0\"></span>prec<span class=\"_ _0\"></span>iated<span class=\"_ _363\"> </span>Leasehold buildings<span class=\"_ _1d0\"> </span><span class=\"ls0 ws0\">Lease ter<span class=\"_ _0\"></span>m or up to 100 years<span class=\"_ _363\"> </span></span>Plant and machinery<span class=\"_ _1d1\"> </span><span class=\"ls0 ws0\">5 \u2013 20 year<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span></span>Mot<span class=\"_ _2\"></span>or vehicles<span class=\"_ _1d2\"> </span><span class=\"ls0 ws0\">5 \u2013 1<span class=\"_ _2\"></span>0 yea<span class=\"_ _0\"></span>rs<span class=\"_ _363\"> </span></span>Plant hire e<span class=\"_ _0\"></span>quip<span class=\"_ _0\"></span>ment<span class=\"_ _1d3\"> </span>4 \u2013 1<span class=\"_ _2\"></span>0 yea<span class=\"_ _0\"></span>rs<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e residu<span class=\"_ _0\"></span>al value an<span class=\"_ _0\"></span>d usef<span class=\"_ _0\"></span>ul lives of pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ty, plant and e<span class=\"_ _0\"></span>quip<span class=\"_ _0\"></span>ment are re<span class=\"_ _0\"></span>viewe<span class=\"_ _0\"></span>d and ad<span class=\"_ _0\"></span>justed if a<span class=\"_ _0\"></span>ppro<span class=\"_ _0\"></span>priate at ea<span class=\"_ _0\"></span>ch bala<span class=\"_ _0\"></span>nce s<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t date.<span class=\"_ _363\"> </span>On disp<span class=\"_ _0\"></span>osal of pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _4\"></span>, plant an<span class=\"_ _0\"></span>d equi<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt, th<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t and rel<span class=\"_ _0\"></span>ated acc<span class=\"_ _0\"></span>umulate<span class=\"_ _0\"></span>d dep<span class=\"_ _0\"></span>reci<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n and imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ents are re<span class=\"_ _0\"></span>move<span class=\"_ _0\"></span>d from t<span class=\"_ _0\"></span>he bala<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>she<span class=\"_ _0\"></span>et and t<span class=\"_ _0\"></span>he ne<span class=\"_ _0\"></span>t amou<span class=\"_ _0\"></span>nt, l<span class=\"_ _0\"></span>ess any pro<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>s, is ta<span class=\"_ _0\"></span>ken to the inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g amo<span class=\"_ _0\"></span>unts of the G<span class=\"_ _0\"></span>roup\u2019s pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ty, plant and e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>ent are re<span class=\"_ _0\"></span>viewe<span class=\"_ _0\"></span>d at eac<span class=\"_ _0\"></span>h balanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et d<span class=\"_ _0\"></span>ate to determi<span class=\"_ _0\"></span>ne whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r the<span class=\"_ _0\"></span>re is any indic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt. A<span class=\"_ _0\"></span>n impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent los<span class=\"_ _0\"></span>s is rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed wh<span class=\"_ _0\"></span>eneve<span class=\"_ _0\"></span>r the c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g amou<span class=\"_ _0\"></span>nt of an asset o<span class=\"_ _0\"></span>r its c<span class=\"_ _0\"></span>ash ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ation u<span class=\"_ _0\"></span>nit exc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds its<span class=\"_ _0\"></span> rec<span class=\"_ _0\"></span>overab<span class=\"_ _0\"></span>le amo<span class=\"_ _0\"></span>unt. I<span class=\"_ _0\"></span>mpair<span class=\"_ _0\"></span>ment l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s are re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nised i<span class=\"_ _0\"></span>n the in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Cos<span class=\"_ _0\"></span>t incl<span class=\"_ _0\"></span>udes e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nditu<span class=\"_ _0\"></span>re that is dire<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ly at<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>but<span class=\"_ _0\"></span>able to th<span class=\"_ _0\"></span>e acquis<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n of the ass<span class=\"_ _0\"></span>et. S<span class=\"_ _0\"></span>ubse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt cos<span class=\"_ _0\"></span>ts are in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed in an as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>\u2019s car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing amo<span class=\"_ _0\"></span>unt <span class=\"ls2\"> </span>or re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nised as a s<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>ate asset<span class=\"_ _0\"></span>, as app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>iate, onl<span class=\"_ _0\"></span>y whe<span class=\"_ _0\"></span>n it is pro<span class=\"_ _0\"></span>babl<span class=\"_ _0\"></span>e that fu<span class=\"_ _0\"></span>ture e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts asso<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>d with t<span class=\"_ _0\"></span>he item will f<span class=\"_ _0\"></span>low to t<span class=\"_ _0\"></span>he Group a<span class=\"_ _0\"></span>nd the c<span class=\"_ _0\"></span>ost of re<span class=\"_ _0\"></span>placi<span class=\"_ _0\"></span>ng the i<span class=\"_ _0\"></span>tem can b<span class=\"_ _0\"></span>e relia<span class=\"_ _0\"></span>bly me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d. Al<span class=\"_ _0\"></span>l other re<span class=\"_ _0\"></span>pair an<span class=\"_ _0\"></span>d maintena<span class=\"_ _0\"></span>nce c<span class=\"_ _0\"></span>osts a<span class=\"_ _0\"></span>re charg<span class=\"_ _0\"></span>ed to the i<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span> duri<span class=\"_ _0\"></span>ng the f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod in w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>hey are i<span class=\"_ _0\"></span>ncur<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Leases<span class=\"_ _363\"> </span>Identi<span class=\"_ _0\"></span>fication of Leases<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e ident<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on of leas<span class=\"_ _0\"></span>es involve<span class=\"_ _0\"></span>s judg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt as IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _2\"></span>6 def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>es a leas<span class=\"_ _0\"></span>e as a cont<span class=\"_ _0\"></span>ract (or par<span class=\"_ _3\"></span>t of a contr<span class=\"_ _0\"></span>act) th<span class=\"_ _0\"></span>at, for a p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod of tim<span class=\"_ _0\"></span>e in excha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span> for co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n, c<span class=\"_ _0\"></span>onveys t<span class=\"_ _0\"></span>he rig<span class=\"_ _0\"></span>ht to:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Co<span class=\"_ _0\"></span>ntrol a<span class=\"_ _0\"></span>n ident<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ied as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>;<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Obt<span class=\"_ _0\"></span>ain subs<span class=\"_ _0\"></span>tantia<span class=\"_ _0\"></span>lly all e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts fro<span class=\"_ _0\"></span>m use of the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>; and<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Dire<span class=\"_ _0\"></span>ct t<span class=\"_ _0\"></span>he use of th<span class=\"_ _0\"></span>e asset<span class=\"_ _363\"> </span></span>1. <span class=\"_ _45\"> </span>Summary of Significant A<span class=\"_ _2\"></span>ccounting Policies<span class=\"ff85 ls9d ws54\"> continue<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>Leases<span class=\"ff85\"> contin<span class=\"_ _0\"></span>ued<span class=\"_ _363\"> </span></span>L<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> Te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e lease ter<span class=\"_ _0\"></span>m is th<span class=\"_ _0\"></span>e non<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>canc<span class=\"_ _0\"></span>ellab<span class=\"_ _0\"></span>le pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d for whic<span class=\"_ _0\"></span>h the G<span class=\"_ _0\"></span>roup has t<span class=\"_ _0\"></span>he ri<span class=\"_ _0\"></span>ght to use an un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing asse<span class=\"_ _0\"></span>t toget<span class=\"_ _0\"></span>her w<span class=\"_ _0\"></span>ith:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Per<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>s covere<span class=\"_ _0\"></span>d by an opti<span class=\"_ _0\"></span>on to ex<span class=\"_ _0\"></span>tend t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>ase if th<span class=\"_ _0\"></span>e Group is re<span class=\"_ _0\"></span>asona<span class=\"_ _0\"></span>bly c<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain to exercis<span class=\"_ _0\"></span>e that opt<span class=\"_ _0\"></span>ion; an<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Per<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>s covere<span class=\"_ _0\"></span>d by an opti<span class=\"_ _0\"></span>on to term<span class=\"_ _0\"></span>inate the l<span class=\"_ _0\"></span>ease if t<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p is reaso<span class=\"_ _0\"></span>nably c<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>tain not to exerc<span class=\"_ _0\"></span>ise that o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>his asses<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt involves<span class=\"_ _0\"></span> <span class=\"ls2\"> </span></span>the e<span class=\"_ _0\"></span>xercise of jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent by th<span class=\"_ _0\"></span>e Group.<span class=\"_ _363\"> </span>Initial Measurement of<span class=\"_ _2\"></span> Lease Liability<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e lease li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>y is ini<span class=\"_ _0\"></span>tiall<span class=\"_ _0\"></span>y measu<span class=\"_ _0\"></span>red at th<span class=\"_ _0\"></span>e prese<span class=\"_ _0\"></span>nt value of t<span class=\"_ _0\"></span>he leas<span class=\"_ _0\"></span>e paym<span class=\"_ _0\"></span>ents th<span class=\"_ _0\"></span>at are payabl<span class=\"_ _0\"></span>e for th<span class=\"_ _0\"></span>e lease ter<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>, disco<span class=\"_ _0\"></span>unted usin<span class=\"_ _0\"></span>g the<span class=\"_ _0\"></span> incre<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>al bo<span class=\"_ _0\"></span>rrowin<span class=\"_ _0\"></span>g rate.<span class=\"_ _363\"> </span>Lease pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d in the m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>ment of th<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>ty c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>prise<span class=\"_ _0\"></span>:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Fixe<span class=\"_ _0\"></span>d lease p<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nts (<span class=\"_ _0\"></span>inclu<span class=\"_ _0\"></span>ding in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>sub<span class=\"_ _0\"></span>stan<span class=\"_ _0\"></span>ce f<span class=\"_ _0\"></span>ixed pay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s);<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Variabl<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>e paym<span class=\"_ _0\"></span>ents th<span class=\"_ _0\"></span>at dep<span class=\"_ _0\"></span>end o<span class=\"_ _0\"></span>n an inde<span class=\"_ _0\"></span>x or rate, in<span class=\"_ _0\"></span>itiall<span class=\"_ _0\"></span>y meas<span class=\"_ _0\"></span>ured usi<span class=\"_ _0\"></span>ng the i<span class=\"_ _0\"></span>ndex o<span class=\"_ _0\"></span>r rate at the c<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent date;<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to be payab<span class=\"_ _0\"></span>le by the l<span class=\"_ _0\"></span>esse<span class=\"_ _0\"></span>e un<span class=\"_ _0\"></span>der res<span class=\"_ _0\"></span>idual val<span class=\"_ _0\"></span>ue gua<span class=\"_ _0\"></span>rantee<span class=\"_ _0\"></span>s (e.g. if the fair v<span class=\"_ _0\"></span>alue of th<span class=\"_ _0\"></span>e asset at t<span class=\"_ _0\"></span>he en<span class=\"_ _0\"></span>d of the leas<span class=\"_ _0\"></span>e term<span class=\"_ _0\"></span> <span class=\"ls2\"> </span></span>is bel<span class=\"_ _0\"></span>ow an agre<span class=\"_ _0\"></span>ed am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e less<span class=\"_ _0\"></span>ee wou<span class=\"_ _0\"></span>ld pay to the le<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>r an amo<span class=\"_ _0\"></span>unt equ<span class=\"_ _0\"></span>al to the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the fa<span class=\"_ _0\"></span>ir value an<span class=\"_ _0\"></span>d agre<span class=\"_ _0\"></span>ed am<span class=\"_ _0\"></span>ount);<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>e exercis<span class=\"_ _0\"></span>e pri<span class=\"_ _0\"></span>ce of purc<span class=\"_ _0\"></span>hase o<span class=\"_ _0\"></span>ptions<span class=\"_ _0\"></span>, if th<span class=\"_ _0\"></span>e less<span class=\"_ _0\"></span>ee is re<span class=\"_ _0\"></span>asona<span class=\"_ _0\"></span>bly c<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in to exercise t<span class=\"_ _0\"></span>he opt<span class=\"_ _0\"></span>ions; an<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">paym<span class=\"_ _0\"></span>ents of pe<span class=\"_ _0\"></span>nalt<span class=\"_ _0\"></span>ies for ter<span class=\"_ _0\"></span>minat<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>e, if th<span class=\"_ _0\"></span>e lease ter<span class=\"_ _0\"></span>m ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts th<span class=\"_ _0\"></span>e exercis<span class=\"_ _0\"></span>e of an opti<span class=\"_ _0\"></span>on to termi<span class=\"_ _0\"></span>nate the le<span class=\"_ _0\"></span>ase.<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e lease li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>y d<span class=\"_ _0\"></span>oes n<span class=\"_ _0\"></span>ot inclu<span class=\"_ _0\"></span>de var<span class=\"_ _0\"></span>iabl<span class=\"_ _0\"></span>e ele<span class=\"_ _0\"></span>ments w<span class=\"_ _0\"></span>hich ar<span class=\"_ _0\"></span>e dep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ent on e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ternal fa<span class=\"_ _0\"></span>ctors<span class=\"_ _0\"></span>, e.g. p<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nts that a<span class=\"_ _0\"></span>re base<span class=\"_ _0\"></span>d on tur<span class=\"_ _0\"></span>nover. Instead, such va<span class=\"_ _0\"></span>riab<span class=\"_ _0\"></span>le el<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nts are re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d direc<span class=\"_ _0\"></span>tly in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent.<span class=\"_ _363\"> </span>Judg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nts app<span class=\"_ _0\"></span>lied i<span class=\"_ _0\"></span>nclu<span class=\"_ _0\"></span>de de<span class=\"_ _0\"></span>termin<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e lease ter<span class=\"_ _0\"></span>m for t<span class=\"_ _0\"></span>hose l<span class=\"_ _0\"></span>eases wi<span class=\"_ _0\"></span>th ter<span class=\"_ _0\"></span>minati<span class=\"_ _0\"></span>on or e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>tensio<span class=\"_ _0\"></span>n optio<span class=\"_ _0\"></span>ns and t<span class=\"_ _0\"></span>he disc<span class=\"_ _0\"></span>ount rate us<span class=\"_ _0\"></span>ed whi<span class=\"_ _0\"></span>ch <span class=\"ls2\"> </span>is base<span class=\"_ _0\"></span>d on inc<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>ntal b<span class=\"_ _0\"></span>orr<span class=\"_ _0\"></span>owing rate. Su<span class=\"_ _0\"></span>ch jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ents c<span class=\"_ _0\"></span>ould i<span class=\"_ _0\"></span>mpac<span class=\"_ _0\"></span>t the le<span class=\"_ _0\"></span>ase ter<span class=\"_ _0\"></span>m and sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>icant<span class=\"_ _0\"></span>ly th<span class=\"_ _0\"></span>e result<span class=\"_ _0\"></span>ant lea<span class=\"_ _0\"></span>se liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and ri<span class=\"_ _0\"></span>ght-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>use asset recognised.<span class=\"_ _363\"> </span>Whe<span class=\"_ _0\"></span>re a leas<span class=\"_ _0\"></span>e agre<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt cont<span class=\"_ _0\"></span>ains a cla<span class=\"_ _0\"></span>use to restore t<span class=\"_ _0\"></span>he asse<span class=\"_ _0\"></span>t to a spe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>ied c<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n i.e. dil<span class=\"_ _0\"></span>apidat<span class=\"_ _0\"></span>ion c<span class=\"_ _0\"></span>osts<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>roup re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>s a provisi<span class=\"_ _0\"></span>on for dilapi<span class=\"_ _0\"></span>datio<span class=\"_ _0\"></span>ns unde<span class=\"_ _0\"></span>r IA<span class=\"_ _0\"></span>S 37 in i<span class=\"_ _0\"></span>ts bala<span class=\"_ _0\"></span>nce sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t.<span class=\"_ _363\"> </span>Initial Measurement of<span class=\"_ _2\"></span> Right-of-Use Asse<span class=\"_ _2\"></span>t<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e right-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e asset c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>s the am<span class=\"_ _0\"></span>ount of th<span class=\"_ _0\"></span>e init<span class=\"_ _0\"></span>ial measu<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nt of the l<span class=\"_ _0\"></span>ease liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y, adjusted for<span class=\"_ _0\"></span>:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">A<span class=\"_ _0\"></span>ny lease pay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s made at o<span class=\"_ _0\"></span>r before t<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt date, les<span class=\"_ _0\"></span>s any lease i<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>ntives; a<span class=\"_ _0\"></span>nd<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">A<span class=\"_ _0\"></span>ny initial d<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>ts incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d by the Gro<span class=\"_ _0\"></span>up.<span class=\"_ _363\"> </span></span>In addi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, whe<span class=\"_ _0\"></span>re the G<span class=\"_ _0\"></span>roup sub<span class=\"_ _0\"></span>lease<span class=\"_ _0\"></span>s a head<span class=\"_ _0\"></span>lease (or par<span class=\"_ _3\"></span>t there<span class=\"_ _0\"></span>of<span class=\"_ _3\"></span>) to a third par<span class=\"_ _3\"></span>ty an<span class=\"_ _0\"></span>d such s<span class=\"_ _0\"></span>uble<span class=\"_ _0\"></span>ase is de<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ed by the G<span class=\"_ _0\"></span>roup to be a f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span> suble<span class=\"_ _0\"></span>ase, t<span class=\"_ _0\"></span>he rig<span class=\"_ _0\"></span>ht-<span class=\"_ _0\"></span>of-u<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>t relatin<span class=\"_ _0\"></span>g to suble<span class=\"_ _0\"></span>ase is de<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed and a f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nce l<span class=\"_ _0\"></span>ease re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>e is rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed.<span class=\"_ _363\"> </span>Subsequent Measurement<span class=\"_ _2\"></span> of Lease Liability<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e lease li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>y is su<span class=\"_ _0\"></span>bseq<span class=\"_ _0\"></span>uentl<span class=\"_ _0\"></span>y meas<span class=\"_ _0\"></span>ured by in<span class=\"_ _0\"></span>creasin<span class=\"_ _0\"></span>g the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying am<span class=\"_ _0\"></span>ount to ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct intere<span class=\"_ _0\"></span>st on th<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>ty (using th<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive intere<span class=\"_ _0\"></span>st met<span class=\"_ _0\"></span>hod<span class=\"_ _0\"></span>) and by re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng amo<span class=\"_ _0\"></span>unt to refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t the l<span class=\"_ _0\"></span>ease pay<span class=\"_ _0\"></span>ments m<span class=\"_ _0\"></span>ade.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group re<span class=\"_ _0\"></span>measu<span class=\"_ _0\"></span>res th<span class=\"_ _0\"></span>e lease li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>y (and makes a c<span class=\"_ _0\"></span>orre<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>nding a<span class=\"_ _0\"></span>djustm<span class=\"_ _0\"></span>ent to th<span class=\"_ _0\"></span>e related r<span class=\"_ _0\"></span>ight-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>use as<span class=\"_ _0\"></span>set) whe<span class=\"_ _0\"></span>neve<span class=\"_ _0\"></span>r:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>e term has c<span class=\"_ _0\"></span>hang<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>r ther<span class=\"_ _0\"></span>e is a chang<span class=\"_ _0\"></span>e in th<span class=\"_ _0\"></span>e asses<span class=\"_ _0\"></span>sment of e<span class=\"_ _0\"></span>xercise of a pur<span class=\"_ _0\"></span>chase o<span class=\"_ _0\"></span>ption<span class=\"_ _0\"></span>, in whi<span class=\"_ _0\"></span>ch cas<span class=\"_ _0\"></span>e the l<span class=\"_ _0\"></span>ease lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y is </span>reme<span class=\"_ _0\"></span>asured by dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nting t<span class=\"_ _0\"></span>he revis<span class=\"_ _0\"></span>ed le<span class=\"_ _0\"></span>ase pay<span class=\"_ _0\"></span>ments u<span class=\"_ _0\"></span>sing a rev<span class=\"_ _0\"></span>ised dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt rate;<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>e payme<span class=\"_ _0\"></span>nts ch<span class=\"_ _0\"></span>ange d<span class=\"_ _0\"></span>ue to chan<span class=\"_ _0\"></span>ges in an i<span class=\"_ _0\"></span>ndex o<span class=\"_ _0\"></span>r rate or a ch<span class=\"_ _0\"></span>ange i<span class=\"_ _0\"></span>n exp<span class=\"_ _0\"></span>ecte<span class=\"_ _0\"></span>d paym<span class=\"_ _0\"></span>ent und<span class=\"_ _0\"></span>er a gu<span class=\"_ _0\"></span>arante<span class=\"_ _0\"></span>ed resi<span class=\"_ _0\"></span>dual valu<span class=\"_ _0\"></span>e, in whi<span class=\"_ _0\"></span>ch </span>case<span class=\"_ _0\"></span>s the le<span class=\"_ _0\"></span>ase liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y is rem<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>d by disco<span class=\"_ _0\"></span>unting t<span class=\"_ _0\"></span>he rev<span class=\"_ _0\"></span>ised l<span class=\"_ _0\"></span>ease pay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s using t<span class=\"_ _0\"></span>he init<span class=\"_ _0\"></span>ial disc<span class=\"_ _0\"></span>ount r<span class=\"_ _0\"></span>ate (<span class=\"_ _2\"></span>un<span class=\"_ _0\"></span>less t<span class=\"_ _0\"></span>he lea<span class=\"_ _0\"></span>se paym<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span> chan<span class=\"_ _0\"></span>ge is du<span class=\"_ _0\"></span>e to a chang<span class=\"_ _0\"></span>e in a fl<span class=\"_ _0\"></span>oatin<span class=\"_ _0\"></span>g interest r<span class=\"_ _0\"></span>ate, in whic<span class=\"_ _0\"></span>h case a re<span class=\"_ _0\"></span>vise<span class=\"_ _0\"></span>d disco<span class=\"_ _0\"></span>unt rate is use<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>); and<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">A leas<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t is modi<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d and t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>ase mod<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on is not ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unted for as a se<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ate lease, in w<span class=\"_ _0\"></span>hich c<span class=\"_ _0\"></span>ase th<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>ty is re<span class=\"_ _0\"></span>meas<span class=\"_ _0\"></span>ured <span class=\"ls2\"> </span></span>by disco<span class=\"_ _0\"></span>unting t<span class=\"_ _0\"></span>he rev<span class=\"_ _0\"></span>ised l<span class=\"_ _0\"></span>ease pay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s using a rev<span class=\"_ _0\"></span>ised d<span class=\"_ _0\"></span>isco<span class=\"_ _0\"></span>unt rate.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group di<span class=\"_ _0\"></span>d not make any mater<span class=\"_ _0\"></span>ial adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ents ou<span class=\"_ _0\"></span>tline<span class=\"_ _0\"></span>d above d<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ods pre<span class=\"_ _0\"></span>sente<span class=\"_ _0\"></span>d.<span class=\"_ _363\"> </span>Subsequent Measurement<span class=\"_ _2\"></span> of Right-of-Use A<span class=\"_ _4\"></span>sset<span class=\"_ _363\"> </span>Af<span class=\"_ _0\"></span>ter ini<span class=\"_ _0\"></span>tial me<span class=\"_ _0\"></span>asurem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, the r<span class=\"_ _0\"></span>ight-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>use as<span class=\"_ _0\"></span>sets ar<span class=\"_ _0\"></span>e measure<span class=\"_ _0\"></span>d at co<span class=\"_ _0\"></span>st les<span class=\"_ _0\"></span>s accu<span class=\"_ _0\"></span>mulated d<span class=\"_ _0\"></span>epre<span class=\"_ _0\"></span>ciat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, adjus<span class=\"_ _0\"></span>ted for<span class=\"_ _0\"></span>:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">A<span class=\"_ _0\"></span>ny impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt losse<span class=\"_ _0\"></span>s in acc<span class=\"_ _0\"></span>ord<span class=\"_ _0\"></span>ance w<span class=\"_ _0\"></span>ith I<span class=\"_ _0\"></span>AS 3<span class=\"_ _0\"></span>6 Impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of Asse<span class=\"_ _0\"></span>ts; and<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">A<span class=\"_ _0\"></span>ny remeasu<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nt of the l<span class=\"_ _0\"></span>ease liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y.<span class=\"_ _363\"> </span></span>Right-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>use as<span class=\"_ _0\"></span>sets ar<span class=\"_ _0\"></span>e depr<span class=\"_ _0\"></span>eci<span class=\"_ _0\"></span>ated over th<span class=\"_ _0\"></span>e sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ter pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d of the le<span class=\"_ _0\"></span>ase ter<span class=\"_ _0\"></span>m and usef<span class=\"_ _0\"></span>ul life of the u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>rly<span class=\"_ _0\"></span>ing ass<span class=\"_ _0\"></span>et. If a l<span class=\"_ _0\"></span>ease t<span class=\"_ _0\"></span>ransfer<span class=\"_ _0\"></span>s owner<span class=\"_ _0\"></span>ship of the und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyin<span class=\"_ _0\"></span>g asset o<span class=\"_ _0\"></span>r the c<span class=\"_ _0\"></span>ost of th<span class=\"_ _0\"></span>e rig<span class=\"_ _0\"></span>ht-<span class=\"_ _0\"></span>of-u<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>t refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ts that t<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p exp<span class=\"_ _0\"></span>ect<span class=\"_ _0\"></span>s to exercise a p<span class=\"_ _0\"></span>urchas<span class=\"_ _0\"></span>e optio<span class=\"_ _0\"></span>n, t<span class=\"_ _0\"></span>he relate<span class=\"_ _0\"></span>d right-<span class=\"_ _3\"></span>of-use<span class=\"_ _0\"></span> asset is d<span class=\"_ _0\"></span>epre<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>d over th<span class=\"_ _0\"></span>e usefu<span class=\"_ _0\"></span>l life of the und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyin<span class=\"_ _0\"></span>g asset<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>1. <span class=\"_ _45\"> </span>Summary of Significant A<span class=\"_ _2\"></span>ccounting Policies<span class=\"ff85 ls9d ws54\"> continue<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>Leases<span class=\"ff85\"> contin<span class=\"_ _0\"></span>ued<span class=\"_ _363\"> </span></span>Lease modifications<span class=\"_ _363\"> </span>A lease m<span class=\"_ _0\"></span>odif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n is a chan<span class=\"_ _0\"></span>ge to the o<span class=\"_ _0\"></span>rigi<span class=\"_ _0\"></span>nal term<span class=\"_ _0\"></span>s and co<span class=\"_ _0\"></span>ndit<span class=\"_ _0\"></span>ions of t<span class=\"_ _0\"></span>he leas<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive date of the m<span class=\"_ _0\"></span>odif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation i<span class=\"_ _0\"></span>s dee<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d to be the d<span class=\"_ _0\"></span>ate when b<span class=\"_ _0\"></span>oth par<span class=\"_ _3\"></span>ties a<span class=\"_ _0\"></span>gree to a le<span class=\"_ _0\"></span>ase mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>icati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>A lease m<span class=\"_ _0\"></span>odif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n is acc<span class=\"_ _0\"></span>ounted fo<span class=\"_ _0\"></span>r as a sepa<span class=\"_ _0\"></span>rate lease i<span class=\"_ _0\"></span>f:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>e mod<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on inc<span class=\"_ _0\"></span>reases t<span class=\"_ _0\"></span>he sc<span class=\"_ _0\"></span>ope of t<span class=\"_ _0\"></span>he leas<span class=\"_ _0\"></span>e by adding t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ight to use on<span class=\"_ _0\"></span>e or mo<span class=\"_ _0\"></span>re und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>ying as<span class=\"_ _0\"></span>sets; a<span class=\"_ _0\"></span>nd<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n for th<span class=\"_ _0\"></span>e lease in<span class=\"_ _0\"></span>creas<span class=\"_ _0\"></span>es by an amo<span class=\"_ _0\"></span>unt co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>nsurate wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e stan<span class=\"_ _0\"></span>dalon<span class=\"_ _0\"></span>e pri<span class=\"_ _0\"></span>ce for t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>rease in s<span class=\"_ _0\"></span>cop<span class=\"_ _0\"></span>e of the le<span class=\"_ _0\"></span>ase.<span class=\"_ _363\"> </span></span>If both c<span class=\"_ _0\"></span>riter<span class=\"_ _0\"></span>ia are m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up ad<span class=\"_ _0\"></span>opts th<span class=\"_ _0\"></span>e acc<span class=\"_ _0\"></span>ountin<span class=\"_ _0\"></span>g poli<span class=\"_ _0\"></span>cy on t<span class=\"_ _0\"></span>he ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on and m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>ment of l<span class=\"_ _0\"></span>ease liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es and <span class=\"ls2\"> </span>right-of-use assets. If a chan<span class=\"_ _0\"></span>ge in th<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>e terms d<span class=\"_ _0\"></span>oes n<span class=\"_ _0\"></span>ot me<span class=\"_ _0\"></span>et the tes<span class=\"_ _0\"></span>t out<span class=\"_ _0\"></span>line<span class=\"_ _0\"></span>d above, t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up must m<span class=\"_ _0\"></span>odif<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>he ini<span class=\"_ _0\"></span>tially r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>nent<span class=\"_ _0\"></span>s of the le<span class=\"_ _0\"></span>ase co<span class=\"_ _0\"></span>ntrac<span class=\"_ _0\"></span>t.<span class=\"_ _363\"> </span>Sublease Accoun<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>ing<span class=\"_ _363\"> </span>Whe<span class=\"_ _0\"></span>re the G<span class=\"_ _0\"></span>roup ac<span class=\"_ _0\"></span>ts as a les<span class=\"_ _0\"></span>sor, the subl<span class=\"_ _0\"></span>ease is cl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as a fin<span class=\"_ _0\"></span>ance l<span class=\"_ _0\"></span>ease o<span class=\"_ _0\"></span>r an ope<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g lease<span class=\"_ _0\"></span>. A lease is d<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d to be a fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>e lease w<span class=\"_ _0\"></span>here<span class=\"_ _0\"></span> the l<span class=\"_ _0\"></span>ease tr<span class=\"_ _0\"></span>ansfers su<span class=\"_ _0\"></span>bsta<span class=\"_ _0\"></span>ntially a<span class=\"_ _0\"></span>ll the r<span class=\"_ _0\"></span>isks and re<span class=\"_ _0\"></span>wards inc<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>ntal to the own<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>hip of the un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing asse<span class=\"_ _0\"></span>t. O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>wise<span class=\"_ _0\"></span>, the l<span class=\"_ _0\"></span>ease is d<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>med to be<span class=\"_ _0\"></span> an op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ng leas<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Whe<span class=\"_ _0\"></span>re the G<span class=\"_ _0\"></span>roup is an i<span class=\"_ _0\"></span>nterm<span class=\"_ _0\"></span>ediate le<span class=\"_ _0\"></span>ssor, it acc<span class=\"_ _0\"></span>ounts fo<span class=\"_ _0\"></span>r its intere<span class=\"_ _0\"></span>sts in th<span class=\"_ _0\"></span>e head l<span class=\"_ _0\"></span>ease an<span class=\"_ _0\"></span>d the su<span class=\"_ _0\"></span>bleas<span class=\"_ _0\"></span>e sepa<span class=\"_ _0\"></span>rately. The Gro<span class=\"_ _0\"></span>up asse<span class=\"_ _0\"></span>sses t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>ase classi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>catio<span class=\"_ _0\"></span>n of a suble<span class=\"_ _0\"></span>ase wit<span class=\"_ _0\"></span>h referen<span class=\"_ _0\"></span>ce to the r<span class=\"_ _0\"></span>ight-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>use a<span class=\"_ _0\"></span>sset ar<span class=\"_ _0\"></span>ising f<span class=\"_ _0\"></span>rom th<span class=\"_ _0\"></span>e head l<span class=\"_ _0\"></span>ease<span class=\"_ _0\"></span>, not with r<span class=\"_ _0\"></span>eferenc<span class=\"_ _0\"></span>e to the un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing asse<span class=\"_ _0\"></span>t.<span class=\"_ _363\"> </span>If the h<span class=\"_ _0\"></span>ead le<span class=\"_ _0\"></span>ase is not a sh<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t ter<span class=\"_ _0\"></span>m leas<span class=\"_ _0\"></span>e or low<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>value l<span class=\"_ _0\"></span>ease and t<span class=\"_ _0\"></span>he sub<span class=\"_ _0\"></span>lease is d<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d to be a fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e lease<span class=\"_ _0\"></span>, the Gr<span class=\"_ _0\"></span>oup re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nises a l<span class=\"_ _0\"></span>ease lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y relatin<span class=\"_ _0\"></span>g to the he<span class=\"_ _0\"></span>ad leas<span class=\"_ _0\"></span>e but d<span class=\"_ _0\"></span>oes n<span class=\"_ _0\"></span>ot rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>e a cor<span class=\"_ _0\"></span>resp<span class=\"_ _0\"></span>ondi<span class=\"_ _0\"></span>ng rig<span class=\"_ _0\"></span>ht-<span class=\"_ _0\"></span>of-u<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>t. Instea<span class=\"_ _0\"></span>d, th<span class=\"_ _0\"></span>e Group re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>s a fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>e lease d<span class=\"_ _0\"></span>ebtor rel<span class=\"_ _0\"></span>ating<span class=\"_ _0\"></span> to the<span class=\"_ _2\"></span> sublease.<span class=\"_ _363\"> </span>Inv<span class=\"_ _2\"></span>estment Properties<span class=\"_ _363\"> </span>Investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ty is i<span class=\"_ _0\"></span>nitial<span class=\"_ _0\"></span>ly meas<span class=\"_ _0\"></span>ured at c<span class=\"_ _0\"></span>ost an<span class=\"_ _0\"></span>d subse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>ntly at fai<span class=\"_ _0\"></span>r value wi<span class=\"_ _0\"></span>th any cha<span class=\"_ _0\"></span>nge t<span class=\"_ _0\"></span>here<span class=\"_ _0\"></span>in rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in p<span class=\"_ _0\"></span>rofit o<span class=\"_ _0\"></span>r los<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>Any gai<span class=\"_ _0\"></span>n or los<span class=\"_ _0\"></span>s on disp<span class=\"_ _0\"></span>osal of inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y (calcu<span class=\"_ _0\"></span>lated as th<span class=\"_ _0\"></span>e dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>ce be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he net p<span class=\"_ _0\"></span>roc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds fro<span class=\"_ _0\"></span>m dispo<span class=\"_ _0\"></span>sal and t<span class=\"_ _0\"></span>he ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>ount of the ite<span class=\"_ _0\"></span>m<span class=\"_ _4\"></span>) is rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in p<span class=\"_ _0\"></span>rofit o<span class=\"_ _0\"></span>r loss<span class=\"_ _0\"></span>. Wh<span class=\"_ _0\"></span>en invest<span class=\"_ _0\"></span>ment p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>at was previ<span class=\"_ _0\"></span>ously c<span class=\"_ _0\"></span>lassif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ty, plant and e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>ent is so<span class=\"_ _0\"></span>ld, a<span class=\"_ _0\"></span>ny related a<span class=\"_ _0\"></span>mount i<span class=\"_ _0\"></span>nclud<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he reval<span class=\"_ _0\"></span>uatio<span class=\"_ _0\"></span>n rese<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve is tra<span class=\"_ _0\"></span>nsferre<span class=\"_ _0\"></span>d to retain<span class=\"_ _0\"></span>ed ea<span class=\"_ _0\"></span>rnin<span class=\"_ _0\"></span>gs.<span class=\"_ _363\"> </span>Whe<span class=\"_ _0\"></span>n the u<span class=\"_ _0\"></span>se of a prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s from ow<span class=\"_ _0\"></span>ner o<span class=\"_ _0\"></span>ccu<span class=\"_ _0\"></span>pie<span class=\"_ _0\"></span>d or hel<span class=\"_ _0\"></span>d for sale to inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, the pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ty is re<span class=\"_ _0\"></span>measu<span class=\"_ _0\"></span>red to fair valu<span class=\"_ _0\"></span>e and recl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d acc<span class=\"_ _0\"></span>ording<span class=\"_ _0\"></span>ly. Any gain on t<span class=\"_ _0\"></span>his rem<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>ment is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in prof<span class=\"_ _0\"></span>it or l<span class=\"_ _0\"></span>oss to the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>tent that i<span class=\"_ _0\"></span>t rever<span class=\"_ _0\"></span>ses a prev<span class=\"_ _0\"></span>iou<span class=\"_ _0\"></span>s impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt loss<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>on th<span class=\"_ _0\"></span>e spe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>ic pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, w<span class=\"_ _0\"></span>ith any re<span class=\"_ _0\"></span>mainin<span class=\"_ _0\"></span>g gain re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in Ot<span class=\"_ _0\"></span>her C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>preh<span class=\"_ _0\"></span>ensive In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me and p<span class=\"_ _0\"></span>resente<span class=\"_ _0\"></span>d in the re<span class=\"_ _0\"></span>valuati<span class=\"_ _0\"></span>on res<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve. A<span class=\"_ _0\"></span>ny los<span class=\"_ _0\"></span>s <span class=\"ls2\"> </span>is rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in p<span class=\"_ _0\"></span>rofit o<span class=\"_ _0\"></span>r loss<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Asset<span class=\"_ _0\"></span>s He<span class=\"_ _0\"></span>ld f<span class=\"_ _0\"></span>or S<span class=\"_ _0\"></span>ale<span class=\"_ _363\"> </span>Non<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>curre<span class=\"_ _0\"></span>nt asse<span class=\"_ _0\"></span>ts that are e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cted to b<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>overed p<span class=\"_ _0\"></span>rinc<span class=\"_ _0\"></span>ipall<span class=\"_ _0\"></span>y throu<span class=\"_ _0\"></span>gh sal<span class=\"_ _0\"></span>e rathe<span class=\"_ _0\"></span>r than c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>inuing us<span class=\"_ _0\"></span>e and me<span class=\"_ _0\"></span>et t<span class=\"_ _0\"></span>he IFR<span class=\"_ _0\"></span>S 5 cr<span class=\"_ _0\"></span>iteri<span class=\"_ _0\"></span>a are <span class=\"ls2\"> </span>classi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed as he<span class=\"_ _0\"></span>ld for sal<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>ese ass<span class=\"_ _0\"></span>ets are s<span class=\"_ _0\"></span>hown in th<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t at the lowe<span class=\"_ _0\"></span>r of thei<span class=\"_ _0\"></span>r car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g amo<span class=\"_ _0\"></span>unt and fair v<span class=\"_ _0\"></span>alue le<span class=\"_ _0\"></span>ss any co<span class=\"_ _0\"></span>sts <span class=\"ls2\"> </span>to sell. Im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>ment l<span class=\"_ _0\"></span>osses o<span class=\"_ _0\"></span>n init<span class=\"_ _0\"></span>ial clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>icati<span class=\"_ _0\"></span>on as no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent as<span class=\"_ _0\"></span>sets h<span class=\"_ _0\"></span>eld for s<span class=\"_ _0\"></span>ale and su<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>quent g<span class=\"_ _0\"></span>ains or l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s on re<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>ment <span class=\"ls2\"> </span>are rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts<span class=\"_ _363\"> </span>Investm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, othe<span class=\"_ _0\"></span>r than inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts in jo<span class=\"_ _0\"></span>int venture<span class=\"_ _0\"></span>s and asso<span class=\"_ _0\"></span>ciates<span class=\"_ _0\"></span>, are st<span class=\"_ _0\"></span>ated in th<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce she<span class=\"_ _0\"></span>et at fa<span class=\"_ _0\"></span>ir value wi<span class=\"_ _0\"></span>th ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s in fair valu<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y in othe<span class=\"_ _0\"></span>r co<span class=\"_ _0\"></span>mpre<span class=\"_ _0\"></span>hensi<span class=\"_ _0\"></span>ve inc<span class=\"_ _0\"></span>ome. T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re is no sub<span class=\"_ _0\"></span>sequ<span class=\"_ _0\"></span>ent re<span class=\"_ _0\"></span>classi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on of fair valu<span class=\"_ _0\"></span>e gains an<span class=\"_ _0\"></span>d loss<span class=\"_ _0\"></span>es to profi<span class=\"_ _0\"></span>t and lo<span class=\"_ _0\"></span>ss followin<span class=\"_ _0\"></span>g dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion of th<span class=\"_ _0\"></span>e investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. Div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nds fro<span class=\"_ _0\"></span>m such i<span class=\"_ _0\"></span>nvestm<span class=\"_ _0\"></span>ents are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement a<span class=\"_ _0\"></span>nd are re<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>ted as <span class=\"ls2\"> </span>non-<span class=\"_ _0\"></span>operating<span class=\"_ _4\"></span> items.<span class=\"_ _363\"> </span>Whe<span class=\"_ _0\"></span>re invest<span class=\"_ _0\"></span>ments a<span class=\"_ _0\"></span>re acti<span class=\"_ _0\"></span>vely t<span class=\"_ _0\"></span>rade<span class=\"_ _0\"></span>d in org<span class=\"_ _0\"></span>anise<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al mar<span class=\"_ _0\"></span>kets, fai<span class=\"_ _0\"></span>r value is d<span class=\"_ _0\"></span>eterm<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by referenc<span class=\"_ _0\"></span>e to S<span class=\"_ _0\"></span>tock E<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ange q<span class=\"_ _0\"></span>uoted mar<span class=\"_ _0\"></span>ket bid<span class=\"_ _0\"></span> pri<span class=\"_ _0\"></span>ces at t<span class=\"_ _0\"></span>he clo<span class=\"_ _0\"></span>se of busin<span class=\"_ _0\"></span>ess on t<span class=\"_ _0\"></span>he bala<span class=\"_ _0\"></span>nce s<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t date. Wh<span class=\"_ _0\"></span>ere it is i<span class=\"_ _0\"></span>mpra<span class=\"_ _0\"></span>ctic<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e to deter<span class=\"_ _0\"></span>mine fair v<span class=\"_ _0\"></span>alue in ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rdanc<span class=\"_ _0\"></span>e wit<span class=\"_ _0\"></span>h IFRS 13, unquote<span class=\"_ _0\"></span>d equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y investm<span class=\"_ _0\"></span>ents are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d at histor<span class=\"_ _0\"></span>ical c<span class=\"_ _0\"></span>ost an<span class=\"_ _0\"></span>d are inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>d wit<span class=\"_ _0\"></span>hin fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts on th<span class=\"_ _0\"></span>is basis in th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p balanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ey are assessed for impai<span class=\"_ _4\"></span>rment annually<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>Inve<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>Inventori<span class=\"_ _0\"></span>es are st<span class=\"_ _0\"></span>ated at the l<span class=\"_ _0\"></span>ower of cos<span class=\"_ _0\"></span>t and ne<span class=\"_ _0\"></span>t realisa<span class=\"_ _0\"></span>ble valu<span class=\"_ _0\"></span>e. Co<span class=\"_ _0\"></span>st is base<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>irst-<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>, fir<span class=\"_ _0\"></span>st-<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t pri<span class=\"_ _0\"></span>ncipl<span class=\"_ _0\"></span>e and in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es all ex<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>diture<span class=\"_ _0\"></span> incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d in acqui<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he inventor<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>nd bri<span class=\"_ _0\"></span>nging t<span class=\"_ _0\"></span>hem to th<span class=\"_ _0\"></span>eir pre<span class=\"_ _0\"></span>sent l<span class=\"_ _0\"></span>ocat<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>nd co<span class=\"_ _0\"></span>nditi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. Raw materials a<span class=\"_ _0\"></span>nd purc<span class=\"_ _0\"></span>hase<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>ishe<span class=\"_ _0\"></span>d goo<span class=\"_ _0\"></span>ds are value<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e basis of purc<span class=\"_ _0\"></span>hase c<span class=\"_ _0\"></span>ost on a f<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>st-i<span class=\"_ _0\"></span>n, f<span class=\"_ _0\"></span>irst-<span class=\"_ _3\"></span>out basis<span class=\"_ _0\"></span>. In the c<span class=\"_ _0\"></span>ase of manu<span class=\"_ _0\"></span>factu<span class=\"_ _0\"></span>red f<span class=\"_ _0\"></span>inish<span class=\"_ _0\"></span>ed go<span class=\"_ _0\"></span>ods a<span class=\"_ _0\"></span>nd wor<span class=\"_ _0\"></span>k-<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>progre<span class=\"_ _0\"></span>ss, c<span class=\"_ _0\"></span>ost i<span class=\"_ _0\"></span>nclud<span class=\"_ _0\"></span>es direc<span class=\"_ _0\"></span>t mater<span class=\"_ _0\"></span>ials, di<span class=\"_ _0\"></span>rect l<span class=\"_ _0\"></span>abo<span class=\"_ _0\"></span>ur and at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tabl<span class=\"_ _0\"></span>e overh<span class=\"_ _0\"></span>eads bas<span class=\"_ _0\"></span>ed on n<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>mal op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ing ca<span class=\"_ _0\"></span>paci<span class=\"_ _0\"></span>ty a<span class=\"_ _0\"></span>nd exclu<span class=\"_ _0\"></span>des bo<span class=\"_ _0\"></span>rrowi<span class=\"_ _0\"></span>ng cos<span class=\"_ _0\"></span>ts. N<span class=\"_ _0\"></span>et realis<span class=\"_ _0\"></span>able val<span class=\"_ _0\"></span>ue <span class=\"ls2\"> </span>is the e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>d proc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds of sale l<span class=\"_ _0\"></span>ess all f<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er c<span class=\"_ _0\"></span>osts to co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>etio<span class=\"_ _0\"></span>n and le<span class=\"_ _0\"></span>ss all co<span class=\"_ _0\"></span>sts to be in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>red in ma<span class=\"_ _0\"></span>rketi<span class=\"_ _0\"></span>ng, s<span class=\"_ _0\"></span>elling an<span class=\"_ _0\"></span>d distr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>1. <span class=\"_ _45\"> </span>Summary of Significant A<span class=\"_ _2\"></span>ccounting Policies<span class=\"ff85 ls9d ws54\"> continue<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>Trade and Other R<span class=\"_ _2\"></span>eceivables and Pay<span class=\"_ _2\"></span>ables<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r rec<span class=\"_ _0\"></span>eivab<span class=\"_ _0\"></span>les an<span class=\"_ _0\"></span>d payabl<span class=\"_ _0\"></span>es are st<span class=\"_ _0\"></span>ated at amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>st (l<span class=\"_ _0\"></span>ess any im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>ment l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s), which app<span class=\"_ _0\"></span>roximates to fair valu<span class=\"_ _0\"></span>e give<span class=\"_ _0\"></span>n the sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t term n<span class=\"_ _0\"></span>ature of the<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>ts and lia<span class=\"_ _0\"></span>biliti<span class=\"_ _0\"></span>es.<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>rade re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivabl<span class=\"_ _0\"></span>es are ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ied at o<span class=\"_ _0\"></span>rigi<span class=\"_ _0\"></span>nal invoic<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt les<span class=\"_ _0\"></span>s an allowan<span class=\"_ _0\"></span>ce for p<span class=\"_ _0\"></span>otentiall<span class=\"_ _0\"></span>y unco<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span>ctab<span class=\"_ _0\"></span>le de<span class=\"_ _0\"></span>bts. Pr<span class=\"_ _0\"></span>ovisio<span class=\"_ _0\"></span>n is made us<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e expe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d cred<span class=\"_ _0\"></span>it los<span class=\"_ _0\"></span>s mod<span class=\"_ _0\"></span>el whi<span class=\"_ _0\"></span>ch use<span class=\"_ _0\"></span>s a lifetim<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ecte<span class=\"_ _0\"></span>d loss all<span class=\"_ _0\"></span>owanc<span class=\"_ _0\"></span>e for all tra<span class=\"_ _0\"></span>de re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>vable<span class=\"_ _0\"></span>s. T<span class=\"_ _2\"></span>o meas<span class=\"_ _0\"></span>ure the e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cted c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t loss<span class=\"_ _0\"></span>es, t<span class=\"_ _0\"></span>rad<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>eivab<span class=\"_ _0\"></span>les are grou<span class=\"_ _0\"></span>ped b<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n share<span class=\"_ _0\"></span>d cre<span class=\"_ _0\"></span>dit ri<span class=\"_ _0\"></span>sk char<span class=\"_ _0\"></span>acter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs and d<span class=\"_ _0\"></span>ays past du<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Bad d<span class=\"_ _0\"></span>ebts are wr<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>f in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>ome s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent whe<span class=\"_ _0\"></span>n the<span class=\"_ _0\"></span>re is no reas<span class=\"_ _0\"></span>onab<span class=\"_ _0\"></span>le exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tatio<span class=\"_ _0\"></span>n of rec<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>y. Indicator<span class=\"_ _0\"></span>s that t<span class=\"_ _0\"></span>here is n<span class=\"_ _0\"></span>o reason<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span> exp<span class=\"_ _0\"></span>ect<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of recove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e, amo<span class=\"_ _0\"></span>ngst ot<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e failure of a de<span class=\"_ _0\"></span>btor to enga<span class=\"_ _0\"></span>ge in a rep<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nt plan wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e Group, a<span class=\"_ _0\"></span>nd the c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ent <span class=\"ls2\"> </span>of lega<span class=\"_ _0\"></span>l proc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>dings<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Cas<span class=\"_ _0\"></span>h and C<span class=\"_ _0\"></span>ash E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nts<span class=\"_ _363\"> </span>Cash an<span class=\"_ _0\"></span>d cash e<span class=\"_ _0\"></span>quiva<span class=\"_ _0\"></span>lents c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>rise c<span class=\"_ _0\"></span>ash bal<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span>s held fo<span class=\"_ _0\"></span>r the pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>oses of me<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ing sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t ter<span class=\"_ _0\"></span>m cash c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mitm<span class=\"_ _0\"></span>ents an<span class=\"_ _0\"></span>d mon<span class=\"_ _0\"></span>ey mar<span class=\"_ _0\"></span>ket instr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts whi<span class=\"_ _0\"></span>ch are rea<span class=\"_ _0\"></span>dily c<span class=\"_ _0\"></span>onver<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ible to a k<span class=\"_ _0\"></span>nown am<span class=\"_ _0\"></span>ount of cas<span class=\"_ _0\"></span>h. Wh<span class=\"_ _0\"></span>ere mo<span class=\"_ _0\"></span>ney m<span class=\"_ _0\"></span>arket ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ument<span class=\"_ _0\"></span>s are categ<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ised as c<span class=\"_ _0\"></span>ash eq<span class=\"_ _0\"></span>uivale<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, the related b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>es have an o<span class=\"_ _0\"></span>rigin<span class=\"_ _0\"></span>al matur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of thre<span class=\"_ _0\"></span>e mont<span class=\"_ _0\"></span>hs or le<span class=\"_ _0\"></span>ss. In ad<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>on, fo<span class=\"_ _0\"></span>r the p<span class=\"_ _0\"></span>urp<span class=\"_ _0\"></span>oses of th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p cash f<span class=\"_ _0\"></span>low st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt, ba<span class=\"_ _0\"></span>nk overdr<span class=\"_ _0\"></span>af<span class=\"_ _0\"></span>ts are net<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>gainst c<span class=\"_ _0\"></span>ash and c<span class=\"_ _0\"></span>ash e<span class=\"_ _0\"></span>quival<span class=\"_ _0\"></span>ents wh<span class=\"_ _0\"></span>ere th<span class=\"_ _0\"></span>e overdraf<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re repayab<span class=\"_ _0\"></span>le on d<span class=\"_ _0\"></span>eman<span class=\"_ _0\"></span>d and for<span class=\"_ _0\"></span>m an integ<span class=\"_ _0\"></span>ral par<span class=\"_ _3\"></span>t of cash mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Ban<span class=\"_ _0\"></span>k overdraf<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d withi<span class=\"_ _0\"></span>n cur<span class=\"_ _0\"></span>rent interes<span class=\"_ _0\"></span>t-b<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>ing lo<span class=\"_ _0\"></span>ans and b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rowings in t<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p balan<span class=\"_ _0\"></span>ce sh<span class=\"_ _0\"></span>eet<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Derivativ<span class=\"_ _2\"></span>e Financial Instruments<span class=\"_ _2\"></span> and Hedgin<span class=\"_ _0\"></span>g A<span class=\"_ _4\"></span>ctivities<span class=\"_ _363\"> </span>De<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ive f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, pri<span class=\"_ _0\"></span>ncip<span class=\"_ _0\"></span>ally interes<span class=\"_ _0\"></span>t rate and cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>ncy swaps<span class=\"_ _0\"></span>/for<span class=\"_ _0\"></span>wards<span class=\"_ _0\"></span>, are us<span class=\"_ _0\"></span>ed in c<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain circ<span class=\"_ _0\"></span>umsta<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s to hedg<span class=\"_ _0\"></span>e the G<span class=\"_ _0\"></span>roup\u2019s exp<span class=\"_ _0\"></span>osure to forei<span class=\"_ _0\"></span>gn excha<span class=\"_ _0\"></span>nge an<span class=\"_ _0\"></span>d interest r<span class=\"_ _0\"></span>ate risks ar<span class=\"_ _0\"></span>ising f<span class=\"_ _0\"></span>rom it<span class=\"_ _0\"></span>s fina<span class=\"_ _0\"></span>ncin<span class=\"_ _0\"></span>g acti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>ies.<span class=\"_ _363\"> </span>De<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ive f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ents are re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d ini<span class=\"_ _0\"></span>tially at fa<span class=\"_ _0\"></span>ir value a<span class=\"_ _0\"></span>nd the<span class=\"_ _0\"></span>reaf<span class=\"_ _0\"></span>ter are su<span class=\"_ _0\"></span>bseq<span class=\"_ _0\"></span>uent<span class=\"_ _0\"></span>ly re<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>d at the<span class=\"_ _0\"></span>ir fair valu<span class=\"_ _0\"></span>e. Fair valu<span class=\"_ _0\"></span>e is the<span class=\"_ _0\"></span> pri<span class=\"_ _0\"></span>ce th<span class=\"_ _0\"></span>at would be re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ived to se<span class=\"_ _0\"></span>ll an asse<span class=\"_ _0\"></span>t or pai<span class=\"_ _0\"></span>d to transfer a li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>y in a<span class=\"_ _0\"></span>n orde<span class=\"_ _0\"></span>rly t<span class=\"_ _0\"></span>rans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en mar<span class=\"_ _0\"></span>ket par<span class=\"_ _3\"></span>ticip<span class=\"_ _0\"></span>ants at th<span class=\"_ _0\"></span>e measu<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nt date. Th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e of interest rate an<span class=\"_ _0\"></span>d cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y swaps/for<span class=\"_ _3\"></span>wards is the e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>d amou<span class=\"_ _0\"></span>nt that t<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p would re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>ve or pay to ter<span class=\"_ _0\"></span>minate the<span class=\"_ _0\"></span> swap at the b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et date, t<span class=\"_ _0\"></span>aki<span class=\"_ _0\"></span>ng into acc<span class=\"_ _0\"></span>ount c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>nt interest a<span class=\"_ _0\"></span>nd cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy excha<span class=\"_ _0\"></span>nge rates a<span class=\"_ _0\"></span>nd the c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>nt cre<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>wor<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hines<span class=\"_ _0\"></span>s of the<span class=\"_ _363\"> </span>swapped counterparts<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e meth<span class=\"_ _0\"></span>od of re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nising t<span class=\"_ _0\"></span>he resul<span class=\"_ _0\"></span>ting ga<span class=\"_ _0\"></span>in or lo<span class=\"_ _0\"></span>ss on re<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>ment to fai<span class=\"_ _0\"></span>r value d<span class=\"_ _0\"></span>epe<span class=\"_ _0\"></span>nds on w<span class=\"_ _0\"></span>heth<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve is desi<span class=\"_ _0\"></span>gnated as a h<span class=\"_ _0\"></span>edgi<span class=\"_ _0\"></span>ng instr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt. W<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves are not d<span class=\"_ _0\"></span>esignate<span class=\"_ _0\"></span>d or do n<span class=\"_ _0\"></span>ot fulf<span class=\"_ _0\"></span>il th<span class=\"_ _0\"></span>e cri<span class=\"_ _0\"></span>teria fo<span class=\"_ _0\"></span>r hed<span class=\"_ _0\"></span>ge ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nting<span class=\"_ _0\"></span>, chan<span class=\"_ _0\"></span>ges in fai<span class=\"_ _0\"></span>r values a<span class=\"_ _0\"></span>re repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ted in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves quali<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>y for he<span class=\"_ _0\"></span>dge ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unting<span class=\"_ _0\"></span>, re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on of the re<span class=\"_ _0\"></span>sultin<span class=\"_ _0\"></span>g gains o<span class=\"_ _0\"></span>r loss<span class=\"_ _0\"></span>es de<span class=\"_ _0\"></span>pend<span class=\"_ _0\"></span>s on th<span class=\"_ _0\"></span>e nature of the i<span class=\"_ _0\"></span>tem be<span class=\"_ _0\"></span>ing hed<span class=\"_ _0\"></span>ged<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p desig<span class=\"_ _0\"></span>nates ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tain d<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ivative<span class=\"_ _0\"></span>s for var<span class=\"_ _0\"></span>ious pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>oses in h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>e relat<span class=\"_ _0\"></span>ionsh<span class=\"_ _0\"></span>ips in on<span class=\"_ _0\"></span>e or mo<span class=\"_ _0\"></span>re of the foll<span class=\"_ _0\"></span>owing t<span class=\"_ _0\"></span>yp<span class=\"_ _0\"></span>es of relati<span class=\"_ _0\"></span>onshi<span class=\"_ _0\"></span>ps:<span class=\"_ _363\"> </span>(i<span class=\"_ _0\"></span>) <span class=\"_ _38\"> </span>Fair valu<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ge: H<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>es of the fa<span class=\"_ _0\"></span>ir value of re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d liabili<span class=\"_ _0\"></span>ties;<span class=\"_ _363\"> </span>(ii<span class=\"_ _0\"></span>) <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>low he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>: Hed<span class=\"_ _0\"></span>ges of a par<span class=\"_ _3\"></span>ticul<span class=\"_ _0\"></span>ar risk as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iated wit<span class=\"_ _0\"></span>h a highl<span class=\"_ _0\"></span>y prob<span class=\"_ _0\"></span>able fo<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ast tra<span class=\"_ _0\"></span>nsact<span class=\"_ _0\"></span>ion; o<span class=\"_ _0\"></span>r<span class=\"_ _363\"> </span>(iii<span class=\"_ _0\"></span>) <span class=\"_ _5\"></span>Ne<span class=\"_ _0\"></span>t investm<span class=\"_ _0\"></span>ent he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>: Hed<span class=\"_ _0\"></span>ges of a ne<span class=\"_ _0\"></span>t investm<span class=\"_ _0\"></span>ent in a for<span class=\"_ _0\"></span>eign o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group d<span class=\"_ _0\"></span>ocu<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s at the in<span class=\"_ _0\"></span>cept<span class=\"_ _0\"></span>ion of th<span class=\"_ _0\"></span>e trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on th<span class=\"_ _0\"></span>e relati<span class=\"_ _0\"></span>onshi<span class=\"_ _0\"></span>p bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n hed<span class=\"_ _0\"></span>ging ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ument<span class=\"_ _0\"></span>s and he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d items<span class=\"_ _0\"></span>, as well as i<span class=\"_ _0\"></span>ts risk<span class=\"_ _0\"></span> manag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt obje<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ives and s<span class=\"_ _0\"></span>trate<span class=\"_ _0\"></span>gy for un<span class=\"_ _0\"></span>der<span class=\"_ _3\"></span>taki<span class=\"_ _0\"></span>ng var<span class=\"_ _0\"></span>ious h<span class=\"_ _0\"></span>edgi<span class=\"_ _0\"></span>ng tra<span class=\"_ _0\"></span>nsact<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Group al<span class=\"_ _0\"></span>so do<span class=\"_ _0\"></span>cume<span class=\"_ _0\"></span>nts whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r chan<span class=\"_ _0\"></span>ges in t<span class=\"_ _0\"></span>he cas<span class=\"_ _0\"></span>h <span class=\"ls2\"> </span>fl<span class=\"_ _0\"></span>ows of the he<span class=\"_ _0\"></span>dging i<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts are ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted to of<span class=\"_ _0\"></span>fset c<span class=\"_ _0\"></span>hang<span class=\"_ _0\"></span>es in th<span class=\"_ _0\"></span>e cash f<span class=\"_ _0\"></span>lows of the h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>tems.<span class=\"_ _363\"> </span>(<span class=\"_ _2\"></span>i) Fair Value H<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>dge<span class=\"_ _363\"> </span>Any gai<span class=\"_ _0\"></span>n or los<span class=\"_ _0\"></span>s stemm<span class=\"_ _0\"></span>ing fro<span class=\"_ _0\"></span>m the re<span class=\"_ _3\"></span>-m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>ment of t<span class=\"_ _0\"></span>he he<span class=\"_ _0\"></span>dging i<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt to fair value is re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ted in th<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>ome s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt. In ad<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>on, a<span class=\"_ _0\"></span>ny gain or l<span class=\"_ _0\"></span>oss o<span class=\"_ _0\"></span>n the he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed item w<span class=\"_ _0\"></span>hich is at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>tabl<span class=\"_ _0\"></span>e to the fair v<span class=\"_ _0\"></span>alue move<span class=\"_ _0\"></span>ment i<span class=\"_ _0\"></span>n the h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ed ri<span class=\"_ _0\"></span>sk is adjus<span class=\"_ _0\"></span>ted agains<span class=\"_ _0\"></span>t the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying am<span class=\"_ _0\"></span>ount of th<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ged i<span class=\"_ _0\"></span>tem and ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d in the in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me state<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Whe<span class=\"_ _0\"></span>re a der<span class=\"_ _0\"></span>ivat<span class=\"_ _0\"></span>ive fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent is use<span class=\"_ _0\"></span>d to ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic<span class=\"_ _0\"></span>ally he<span class=\"_ _0\"></span>dge t<span class=\"_ _0\"></span>he fore<span class=\"_ _0\"></span>ign exch<span class=\"_ _0\"></span>ange e<span class=\"_ _0\"></span>xpo<span class=\"_ _0\"></span>sure of a rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed mo<span class=\"_ _0\"></span>net<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y ass<span class=\"_ _0\"></span>et or<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>liabili<span class=\"_ _0\"></span>ty, hedg<span class=\"_ _0\"></span>e acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>ing is not ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d and any ga<span class=\"_ _0\"></span>in or lo<span class=\"_ _0\"></span>ss acc<span class=\"_ _0\"></span>rui<span class=\"_ _0\"></span>ng on th<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ging ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ument is r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed as f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>ome o<span class=\"_ _0\"></span>r exp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>in the i<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>If the h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>e no lo<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>r me<span class=\"_ _0\"></span>ets th<span class=\"_ _0\"></span>e cri<span class=\"_ _0\"></span>teria fo<span class=\"_ _0\"></span>r hed<span class=\"_ _0\"></span>ge ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nting<span class=\"_ _0\"></span>, hed<span class=\"_ _0\"></span>ge ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nting c<span class=\"_ _0\"></span>eases a<span class=\"_ _0\"></span>nd the a<span class=\"_ _0\"></span>djust<span class=\"_ _0\"></span>ment to th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g amo<span class=\"_ _0\"></span>unt of a hed<span class=\"_ _0\"></span>ged<span class=\"_ _0\"></span> item for wh<span class=\"_ _0\"></span>ich t<span class=\"_ _0\"></span>he ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive intere<span class=\"_ _0\"></span>st met<span class=\"_ _0\"></span>hod i<span class=\"_ _0\"></span>s used is a<span class=\"_ _0\"></span>mor<span class=\"_ _3\"></span>tised to prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r loss ove<span class=\"_ _0\"></span>r the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od to matur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y.<span class=\"_ _363\"> </span>(<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>i<span class=\"_ _4\"></span>) Cas<span class=\"_ _0\"></span>h Flow H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fecti<span class=\"_ _0\"></span>ve par<span class=\"_ _0\"></span>t of any g<span class=\"_ _0\"></span>ain or lo<span class=\"_ _0\"></span>ss on t<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ive f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent is re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in othe<span class=\"_ _0\"></span>r com<span class=\"_ _0\"></span>preh<span class=\"_ _0\"></span>ensive i<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>me and p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nted in th<span class=\"_ _0\"></span>e cash f<span class=\"_ _0\"></span>low h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>e reser<span class=\"_ _3\"></span>ve in equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y with t<span class=\"_ _0\"></span>he inef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve por<span class=\"_ _3\"></span>tion b<span class=\"_ _0\"></span>eing re<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>ted as fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ense o<span class=\"_ _0\"></span>r inc<span class=\"_ _0\"></span>ome in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent. I<span class=\"_ _0\"></span>f a hed<span class=\"_ _0\"></span>ge of a forec<span class=\"_ _0\"></span>asted tr<span class=\"_ _0\"></span>ansac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n subse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>ntly res<span class=\"_ _0\"></span>ults in t<span class=\"_ _0\"></span>he rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nitio<span class=\"_ _0\"></span>n of a fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al asset o<span class=\"_ _0\"></span>r a fi<span class=\"_ _0\"></span>nanci<span class=\"_ _0\"></span>al liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, t<span class=\"_ _0\"></span>he asso<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>d gains an<span class=\"_ _0\"></span>d loss<span class=\"_ _0\"></span>es that<span class=\"_ _0\"></span> were rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nised i<span class=\"_ _0\"></span>n other c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>rehe<span class=\"_ _0\"></span>nsive in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e are re<span class=\"_ _0\"></span>classi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed into prof<span class=\"_ _0\"></span>it or l<span class=\"_ _0\"></span>oss in t<span class=\"_ _0\"></span>he sam<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>iod o<span class=\"_ _0\"></span>r pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds dur<span class=\"_ _0\"></span>ing whi<span class=\"_ _0\"></span>ch th<span class=\"_ _0\"></span>e asset ac<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d or liabili<span class=\"_ _0\"></span>ty as<span class=\"_ _0\"></span>sume<span class=\"_ _0\"></span>d af<span class=\"_ _0\"></span>fects p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s. Fo<span class=\"_ _0\"></span>r cash f<span class=\"_ _0\"></span>low h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>es, ot<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>han th<span class=\"_ _0\"></span>ose c<span class=\"_ _0\"></span>overed by t<span class=\"_ _0\"></span>he pre<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ding st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e asso<span class=\"_ _0\"></span>ciated c<span class=\"_ _0\"></span>umulat<span class=\"_ _0\"></span>ive <span class=\"ls2\"> </span>gain or l<span class=\"_ _0\"></span>oss is re<span class=\"_ _0\"></span>moved f<span class=\"_ _0\"></span>rom oth<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>mpre<span class=\"_ _0\"></span>hens<span class=\"_ _0\"></span>ive inc<span class=\"_ _0\"></span>ome a<span class=\"_ _0\"></span>nd rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised in t<span class=\"_ _0\"></span>he in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent in t<span class=\"_ _0\"></span>he sam<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>iod o<span class=\"_ _0\"></span>r pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds dur<span class=\"_ _0\"></span>ing whi<span class=\"_ _0\"></span>ch <span class=\"ls2\"> </span>the h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ed fore<span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>t trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on af<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>s profi<span class=\"_ _0\"></span>t or lo<span class=\"_ _0\"></span>ss. T<span class=\"_ _0\"></span>he in<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>fecti<span class=\"_ _0\"></span>ve par<span class=\"_ _0\"></span>t of any g<span class=\"_ _0\"></span>ain or lo<span class=\"_ _0\"></span>ss is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nised i<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>diately in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Hed<span class=\"_ _0\"></span>ge ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nting is dis<span class=\"_ _0\"></span>cont<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>d whe<span class=\"_ _0\"></span>n a hed<span class=\"_ _0\"></span>ging ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>ment e<span class=\"_ _0\"></span>xpire<span class=\"_ _0\"></span>s or is sol<span class=\"_ _0\"></span>d, ter<span class=\"_ _0\"></span>minated o<span class=\"_ _0\"></span>r exercis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, or no l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>er quali<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>es for he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span> acc<span class=\"_ _0\"></span>ounti<span class=\"_ _0\"></span>ng. T<span class=\"_ _0\"></span>he cu<span class=\"_ _0\"></span>mulati<span class=\"_ _0\"></span>ve gain or l<span class=\"_ _0\"></span>oss at th<span class=\"_ _0\"></span>at point re<span class=\"_ _0\"></span>mains in e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>ty a<span class=\"_ _0\"></span>nd is rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised in a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ordan<span class=\"_ _0\"></span>ce wit<span class=\"_ _0\"></span>h the a<span class=\"_ _0\"></span>bove po<span class=\"_ _0\"></span>licy wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on occ<span class=\"_ _0\"></span>urs<span class=\"_ _0\"></span>. If a he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on is no l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>er ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted to oc<span class=\"_ _0\"></span>cur, the net c<span class=\"_ _0\"></span>umulat<span class=\"_ _0\"></span>ive gain o<span class=\"_ _0\"></span>r loss re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in oth<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>mpre<span class=\"_ _0\"></span>hensi<span class=\"_ _0\"></span>ve inc<span class=\"_ _0\"></span>ome is<span class=\"_ _0\"></span> trans<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d to the inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent in th<span class=\"_ _0\"></span>e pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d.<span class=\"_ _363\"> </span>1. <span class=\"_ _45\"> </span>Summary of Significant A<span class=\"_ _2\"></span>ccounting Policies<span class=\"ff85 ls9d ws54\"> continue<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>Derivativ<span class=\"_ _2\"></span>e Financial Instruments<span class=\"_ _2\"></span> and Hedgin<span class=\"_ _0\"></span>g A<span class=\"_ _4\"></span>ctivities<span class=\"ff85 ls36 wsf\"> continued<span class=\"_ _363\"> </span></span>(<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>ii) Hed<span class=\"_ _0\"></span>ge o<span class=\"_ _0\"></span>f Net I<span class=\"_ _0\"></span>nvest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt in For<span class=\"_ _0\"></span>eig<span class=\"_ _0\"></span>n Op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _363\"> </span>Any gai<span class=\"_ _0\"></span>n or los<span class=\"_ _0\"></span>s on th<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ging ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>ment re<span class=\"_ _0\"></span>latin<span class=\"_ _0\"></span>g to the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>e is rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised in ot<span class=\"_ _0\"></span>her c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>rehe<span class=\"_ _0\"></span>nsive in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e and prese<span class=\"_ _0\"></span>nted in th<span class=\"_ _0\"></span>e foreig<span class=\"_ _0\"></span>n cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y trans<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n reser<span class=\"_ _3\"></span>ve in equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>. T<span class=\"_ _0\"></span>he g<span class=\"_ _0\"></span>ain or lo<span class=\"_ _0\"></span>ss relat<span class=\"_ _0\"></span>ing to the in<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised i<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>diately in<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>the in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e state<span class=\"_ _0\"></span>ment wi<span class=\"_ _0\"></span>thin f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e or f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>e. Cumul<span class=\"_ _0\"></span>ative gai<span class=\"_ _0\"></span>ns and lo<span class=\"_ _0\"></span>sses re<span class=\"_ _0\"></span>main in e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y unt<span class=\"_ _0\"></span>il dispo<span class=\"_ _0\"></span>sal or p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l dispo<span class=\"_ _0\"></span>sal <span class=\"ls2\"> </span>of the ne<span class=\"_ _0\"></span>t investm<span class=\"_ _0\"></span>ent in t<span class=\"_ _0\"></span>he forei<span class=\"_ _0\"></span>gn op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>on at whi<span class=\"_ _0\"></span>ch po<span class=\"_ _0\"></span>int the re<span class=\"_ _0\"></span>lated dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es are re<span class=\"_ _0\"></span>classif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d to the in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me state<span class=\"_ _0\"></span>ment as p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t of the ove<span class=\"_ _0\"></span>rall gain or l<span class=\"_ _0\"></span>oss o<span class=\"_ _0\"></span>n sale.<span class=\"_ _363\"> </span>Interest-Bearing Loan<span class=\"_ _2\"></span>s and Borrowings<span class=\"_ _363\"> </span>All l<span class=\"_ _0\"></span>oans an<span class=\"_ _0\"></span>d bor<span class=\"_ _0\"></span>rowings a<span class=\"_ _0\"></span>re initi<span class=\"_ _0\"></span>ally re<span class=\"_ _0\"></span>cord<span class=\"_ _0\"></span>ed at fai<span class=\"_ _0\"></span>r value, n<span class=\"_ _0\"></span>et of relate<span class=\"_ _0\"></span>d trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on co<span class=\"_ _0\"></span>sts. A<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ter init<span class=\"_ _0\"></span>ial rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n, c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>nt and no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent<span class=\"_ _0\"></span> interest-<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>earin<span class=\"_ _0\"></span>g loa<span class=\"_ _0\"></span>ns and bo<span class=\"_ _0\"></span>rrowin<span class=\"_ _0\"></span>gs are me<span class=\"_ _0\"></span>asured at a<span class=\"_ _0\"></span>mor<span class=\"_ _3\"></span>tised c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>ny dif<span class=\"_ _0\"></span>ferenc<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e proc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds (net of trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on c<span class=\"_ _0\"></span>osts) and the<span class=\"_ _0\"></span> rede<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>on valu<span class=\"_ _0\"></span>e is rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>ome s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt over th<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d of the bo<span class=\"_ _0\"></span>rrowin<span class=\"_ _0\"></span>gs using t<span class=\"_ _0\"></span>he ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive inte<span class=\"_ _0\"></span>rest rate me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d. A<span class=\"_ _0\"></span>mor<span class=\"_ _3\"></span>tise<span class=\"_ _0\"></span>d <span class=\"ls2\"> </span>cos<span class=\"_ _0\"></span>t inclu<span class=\"_ _0\"></span>des any is<span class=\"_ _0\"></span>sue co<span class=\"_ _0\"></span>sts an<span class=\"_ _0\"></span>d any disco<span class=\"_ _0\"></span>unt or pre<span class=\"_ _0\"></span>mium o<span class=\"_ _0\"></span>n set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt. B<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rowings a<span class=\"_ _0\"></span>re classif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as cur<span class=\"_ _0\"></span>rent li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>ies unl<span class=\"_ _0\"></span>ess t<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p has <span class=\"ls2\"> </span>an unc<span class=\"_ _0\"></span>ondi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal ri<span class=\"_ _0\"></span>ght to defer se<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ent of th<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>ty fo<span class=\"_ _0\"></span>r at least t<span class=\"_ _0\"></span>wel<span class=\"_ _0\"></span>ve mont<span class=\"_ _0\"></span>hs afte<span class=\"_ _0\"></span>r the ba<span class=\"_ _0\"></span>lanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et date.<span class=\"_ _363\"> </span>Fee<span class=\"_ _0\"></span>s paid o<span class=\"_ _0\"></span>n the es<span class=\"_ _0\"></span>tablis<span class=\"_ _0\"></span>hme<span class=\"_ _0\"></span>nt of loan fac<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es are re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d as trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on co<span class=\"_ _0\"></span>sts of th<span class=\"_ _0\"></span>e loan to th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>tent th<span class=\"_ _0\"></span>at it is pro<span class=\"_ _0\"></span>babl<span class=\"_ _0\"></span>e that so<span class=\"_ _0\"></span>me or all<span class=\"_ _0\"></span> of the fac<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y will be d<span class=\"_ _0\"></span>rawn down<span class=\"_ _0\"></span>. In this c<span class=\"_ _0\"></span>ase, th<span class=\"_ _0\"></span>e fee is d<span class=\"_ _0\"></span>eferre<span class=\"_ _0\"></span>d until t<span class=\"_ _0\"></span>he draw<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>down o<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>urs<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>o the ex<span class=\"_ _0\"></span>tent t<span class=\"_ _0\"></span>here is n<span class=\"_ _0\"></span>o evi<span class=\"_ _0\"></span>denc<span class=\"_ _0\"></span>e that i<span class=\"_ _0\"></span>t is prob<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span> that so<span class=\"_ _0\"></span>me or al<span class=\"_ _0\"></span>l of the faci<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y will be dr<span class=\"_ _0\"></span>awn down<span class=\"_ _0\"></span>, the fe<span class=\"_ _0\"></span>e is cap<span class=\"_ _0\"></span>italis<span class=\"_ _0\"></span>ed as a pre<span class=\"_ _3\"></span>-p<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nt for liqui<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>y se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vic<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d amor<span class=\"_ _3\"></span>tised ove<span class=\"_ _0\"></span>r the p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod of th<span class=\"_ _0\"></span>e facili<span class=\"_ _0\"></span>ty to whi<span class=\"_ _0\"></span>ch it re<span class=\"_ _0\"></span>lates.<span class=\"_ _363\"> </span>Provisions<span class=\"_ _363\"> </span>A provisi<span class=\"_ _0\"></span>on is re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nised o<span class=\"_ _0\"></span>n a disc<span class=\"_ _0\"></span>ounted b<span class=\"_ _0\"></span>asis whe<span class=\"_ _0\"></span>n the Gro<span class=\"_ _0\"></span>up has a pre<span class=\"_ _0\"></span>sent (eith<span class=\"_ _0\"></span>er le<span class=\"_ _0\"></span>gal o<span class=\"_ _0\"></span>r cons<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve) obligati<span class=\"_ _0\"></span>on as a resul<span class=\"_ _0\"></span>t of a past eve<span class=\"_ _0\"></span>nt <span class=\"ls2\"> </span>and it is p<span class=\"_ _0\"></span>roba<span class=\"_ _0\"></span>ble that a t<span class=\"_ _0\"></span>ransfe<span class=\"_ _0\"></span>r of eco<span class=\"_ _0\"></span>nom<span class=\"_ _0\"></span>ic be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>its will b<span class=\"_ _0\"></span>e requi<span class=\"_ _0\"></span>red to set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>e the o<span class=\"_ _0\"></span>bligat<span class=\"_ _0\"></span>ions an<span class=\"_ _0\"></span>d a reliab<span class=\"_ _0\"></span>le est<span class=\"_ _0\"></span>imate can b<span class=\"_ _0\"></span>e made of t<span class=\"_ _0\"></span>he amo<span class=\"_ _0\"></span>unt requi<span class=\"_ _0\"></span>red to set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>e the o<span class=\"_ _0\"></span>bligat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. A provisi<span class=\"_ _0\"></span>on for res<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>ctur<span class=\"_ _0\"></span>ing is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d whe<span class=\"_ _0\"></span>n the Gro<span class=\"_ _0\"></span>up has ap<span class=\"_ _0\"></span>proved a re<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g plan an<span class=\"_ _0\"></span>d the res<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>ctur<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span> has co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>d. A prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n for one<span class=\"_ _0\"></span>rous c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d whe<span class=\"_ _0\"></span>n the ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s to be der<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>d by the Gro<span class=\"_ _0\"></span>up fro<span class=\"_ _0\"></span>m a cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t are lower th<span class=\"_ _0\"></span>an the u<span class=\"_ _0\"></span>navoida<span class=\"_ _0\"></span>ble c<span class=\"_ _0\"></span>osts of me<span class=\"_ _0\"></span>eti<span class=\"_ _0\"></span>ng its o<span class=\"_ _0\"></span>bligati<span class=\"_ _0\"></span>ons un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct. T<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>rovisio<span class=\"_ _0\"></span>n is measu<span class=\"_ _0\"></span>red at th<span class=\"_ _0\"></span>e lower of th<span class=\"_ _0\"></span>e prese<span class=\"_ _0\"></span>nt value of th<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ecte<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>t of termin<span class=\"_ _0\"></span>ating th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntrac<span class=\"_ _0\"></span>t and th<span class=\"_ _0\"></span>e prese<span class=\"_ _0\"></span>nt value of t<span class=\"_ _0\"></span>he exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted net c<span class=\"_ _0\"></span>ost of c<span class=\"_ _0\"></span>ontin<span class=\"_ _0\"></span>uing wit<span class=\"_ _0\"></span>h the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Retirement Benefit<span class=\"_ _2\"></span> Ob<span class=\"_ _0\"></span>ligations<span class=\"_ _363\"> </span>Obli<span class=\"_ _0\"></span>gatio<span class=\"_ _0\"></span>ns to the de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ibut<span class=\"_ _0\"></span>ion p<span class=\"_ _0\"></span>ensio<span class=\"_ _0\"></span>n plans a<span class=\"_ _0\"></span>re rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed as an e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nse in th<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>ome st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt as ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e is rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d from t<span class=\"_ _0\"></span>he relev<span class=\"_ _0\"></span>ant emp<span class=\"_ _0\"></span>loyee<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up has no l<span class=\"_ _0\"></span>egal o<span class=\"_ _0\"></span>r co<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>ive obl<span class=\"_ _0\"></span>igatio<span class=\"_ _0\"></span>n to pay fur<span class=\"_ _3\"></span>ther c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns in the e<span class=\"_ _0\"></span>vent that t<span class=\"_ _0\"></span>hese p<span class=\"_ _0\"></span>lans do n<span class=\"_ _0\"></span>ot hold<span class=\"_ _0\"></span> suf<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>icie<span class=\"_ _0\"></span>nt asse<span class=\"_ _0\"></span>ts to provid<span class=\"_ _0\"></span>e retire<span class=\"_ _0\"></span>ment b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ates a numb<span class=\"_ _0\"></span>er of def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>mes w<span class=\"_ _0\"></span>hich re<span class=\"_ _0\"></span>quire c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ibut<span class=\"_ _0\"></span>ions to b<span class=\"_ _0\"></span>e made to se<span class=\"_ _0\"></span>paratel<span class=\"_ _0\"></span>y admini<span class=\"_ _0\"></span>stered f<span class=\"_ _0\"></span>unds<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group\u2019s ne<span class=\"_ _0\"></span>t oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n in resp<span class=\"_ _0\"></span>ect of d<span class=\"_ _0\"></span>efin<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>it p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s is cal<span class=\"_ _0\"></span>culated s<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>ately for ea<span class=\"_ _0\"></span>ch plan by e<span class=\"_ _0\"></span>stimat<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt of futu<span class=\"_ _0\"></span>re ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts that e<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyees h<span class=\"_ _0\"></span>ave earn<span class=\"_ _0\"></span>ed in re<span class=\"_ _0\"></span>turn fo<span class=\"_ _0\"></span>r thei<span class=\"_ _0\"></span>r ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice i<span class=\"_ _0\"></span>n the c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>nt and pr<span class=\"_ _0\"></span>ior p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iods<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>at ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t is disco<span class=\"_ _0\"></span>unted to de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>ne its p<span class=\"_ _0\"></span>resent<span class=\"_ _0\"></span> value<span class=\"_ _0\"></span>, and th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e of any plan asse<span class=\"_ _0\"></span>t is de<span class=\"_ _0\"></span>ducte<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he disc<span class=\"_ _0\"></span>ount r<span class=\"_ _0\"></span>ate employe<span class=\"_ _0\"></span>d in de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>ning th<span class=\"_ _0\"></span>e prese<span class=\"_ _0\"></span>nt value of t<span class=\"_ _0\"></span>he sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s\u2019 liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es is deter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d by refere<span class=\"_ _0\"></span>nce to mar<span class=\"_ _0\"></span>ket yi<span class=\"_ _0\"></span>elds at t<span class=\"_ _0\"></span>he bala<span class=\"_ _0\"></span>nce sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t date on high q<span class=\"_ _0\"></span>ualit<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>orp<span class=\"_ _0\"></span>orate b<span class=\"_ _0\"></span>onds for a te<span class=\"_ _0\"></span>rm c<span class=\"_ _0\"></span>onsistent w<span class=\"_ _0\"></span>ith th<span class=\"_ _0\"></span>e cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y and term of th<span class=\"_ _0\"></span>e asso<span class=\"_ _0\"></span>ciated p<span class=\"_ _0\"></span>ost-<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mploy<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e net sur<span class=\"_ _0\"></span>plus o<span class=\"_ _0\"></span>r def<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>t aris<span class=\"_ _0\"></span>ing in th<span class=\"_ _0\"></span>e Group<span class=\"_ _0\"></span>\u2019s defin<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>it p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s are show<span class=\"_ _0\"></span>n withi<span class=\"_ _0\"></span>n eit<span class=\"_ _0\"></span>her no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rrent as<span class=\"_ _0\"></span>sets o<span class=\"_ _0\"></span>r liabili<span class=\"_ _0\"></span>ties o<span class=\"_ _0\"></span>n the<span class=\"_ _0\"></span> face of th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p Bala<span class=\"_ _0\"></span>nce S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et. T<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>eferre<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x impa<span class=\"_ _0\"></span>ct of pen<span class=\"_ _0\"></span>sion sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e sur<span class=\"_ _0\"></span>pluse<span class=\"_ _0\"></span>s and def<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>its is dis<span class=\"_ _0\"></span>clos<span class=\"_ _0\"></span>ed se<span class=\"_ _0\"></span>paratel<span class=\"_ _0\"></span>y with<span class=\"_ _0\"></span>in defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax asset<span class=\"_ _0\"></span>s or liab<span class=\"_ _0\"></span>ilitie<span class=\"_ _0\"></span>s as appro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iate. The G<span class=\"_ _0\"></span>roup re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>s actua<span class=\"_ _0\"></span>rial g<span class=\"_ _0\"></span>ains and l<span class=\"_ _0\"></span>osses i<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>diately i<span class=\"_ _0\"></span>n other c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>rehe<span class=\"_ _0\"></span>nsive in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Any in<span class=\"_ _0\"></span>crease i<span class=\"_ _0\"></span>n the pre<span class=\"_ _0\"></span>sent val<span class=\"_ _0\"></span>ue of the p<span class=\"_ _0\"></span>lans\u2019 li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>ies ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted to ar<span class=\"_ _0\"></span>ise fro<span class=\"_ _0\"></span>m empl<span class=\"_ _0\"></span>oyee s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice du<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od is cha<span class=\"_ _0\"></span>rged to o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ating prof<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Group d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>mines n<span class=\"_ _0\"></span>et intere<span class=\"_ _0\"></span>st exp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>/(in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e) on the ne<span class=\"_ _0\"></span>t def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y/<span class=\"_ _2\"></span>(asset) for th<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d by apply<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he disc<span class=\"_ _0\"></span>ount rate us<span class=\"_ _0\"></span>ed to measu<span class=\"_ _0\"></span>re the d<span class=\"_ _0\"></span>efin<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>bligat<span class=\"_ _0\"></span>ion at t<span class=\"_ _0\"></span>he be<span class=\"_ _0\"></span>ginnin<span class=\"_ _0\"></span>g of the pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d. D<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>ces b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ween t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed bas<span class=\"_ _0\"></span>ed on t<span class=\"_ _0\"></span>he disc<span class=\"_ _0\"></span>ount r<span class=\"_ _0\"></span>ate and the ac<span class=\"_ _0\"></span>tual ret<span class=\"_ _0\"></span>urn o<span class=\"_ _0\"></span>n plan ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>, toget<span class=\"_ _0\"></span>her wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fect of c<span class=\"_ _0\"></span>hang<span class=\"_ _0\"></span>es in th<span class=\"_ _0\"></span>e cur<span class=\"_ _0\"></span>rent or p<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>r assumpt<span class=\"_ _0\"></span>ions u<span class=\"_ _0\"></span>nder<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>ties a<span class=\"_ _0\"></span>re rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in othe<span class=\"_ _0\"></span>r com<span class=\"_ _0\"></span>preh<span class=\"_ _0\"></span>ensive in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me. W<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>he be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>its of a def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it pla<span class=\"_ _0\"></span>n are impr<span class=\"_ _0\"></span>oved, t<span class=\"_ _0\"></span>he po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the in<span class=\"_ _0\"></span>creas<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it re<span class=\"_ _0\"></span>lating to pas<span class=\"_ _0\"></span>t ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span> by empl<span class=\"_ _0\"></span>oyee<span class=\"_ _0\"></span>s is rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed as a pas<span class=\"_ _0\"></span>t ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice c<span class=\"_ _0\"></span>ost i<span class=\"_ _0\"></span>n the in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent at th<span class=\"_ _0\"></span>e ear<span class=\"_ _0\"></span>lier of th<span class=\"_ _0\"></span>e date whe<span class=\"_ _0\"></span>n the pla<span class=\"_ _0\"></span>n ame<span class=\"_ _0\"></span>ndme<span class=\"_ _0\"></span>nt oc<span class=\"_ _0\"></span>curs a<span class=\"_ _0\"></span>nd whe<span class=\"_ _0\"></span>n the re<span class=\"_ _0\"></span>lated rest<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>ctur<span class=\"_ _0\"></span>ing c<span class=\"_ _0\"></span>osts are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d. T<span class=\"_ _2\"></span>o th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>tent th<span class=\"_ _0\"></span>at the b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>its ve<span class=\"_ _0\"></span>st imm<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>ately, the expe<span class=\"_ _0\"></span>nse is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d imme<span class=\"_ _0\"></span>diatel<span class=\"_ _0\"></span>y in the<span class=\"_ _0\"></span> inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt.<span class=\"_ _363\"> </span>Share-B<span class=\"_ _0\"></span>ased Paymen<span class=\"_ _2\"></span>t Transactions<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e 201<span class=\"_ _2\"></span>1 Long T<span class=\"_ _2\"></span>er<span class=\"_ _0\"></span>m Ince<span class=\"_ _0\"></span>ntive P<span class=\"_ _0\"></span>lan (<span class=\"_ _0\"></span>\u201cL<span class=\"_ _2\"></span>T<span class=\"_ _0\"></span>IP<span class=\"_ _0\"></span>\u201d<span class=\"_ _0\"></span>) a<span class=\"_ _0\"></span>nd the S<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>Y<span class=\"_ _0\"></span>E S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me for U<span class=\"_ _0\"></span>K emp<span class=\"_ _0\"></span>loyee<span class=\"_ _0\"></span>s sho<span class=\"_ _0\"></span>uld ena<span class=\"_ _0\"></span>ble em<span class=\"_ _0\"></span>ploye<span class=\"_ _0\"></span>es to acq<span class=\"_ _0\"></span>uire share<span class=\"_ _0\"></span>s in the C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pany subje<span class=\"_ _0\"></span>ct to the c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ditio<span class=\"_ _0\"></span>ns of the<span class=\"_ _0\"></span>se sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s. Ne<span class=\"_ _0\"></span>w units a<span class=\"_ _0\"></span>re issue<span class=\"_ _0\"></span>d to satisf<span class=\"_ _0\"></span>y o<span class=\"_ _0\"></span>bligati<span class=\"_ _0\"></span>ons un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>Y<span class=\"_ _0\"></span>E sche<span class=\"_ _0\"></span>me. E<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ents un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>he L<span class=\"_ _2\"></span>T<span class=\"_ _0\"></span>IP <span class=\"ls2\"> </span>may be sat<span class=\"_ _0\"></span>isfi<span class=\"_ _0\"></span>ed by th<span class=\"_ _0\"></span>e issue of un<span class=\"_ _0\"></span>its or by a ma<span class=\"_ _0\"></span>rket pu<span class=\"_ _0\"></span>rchase of un<span class=\"_ _0\"></span>its. T<span class=\"_ _0\"></span>he fa<span class=\"_ _0\"></span>ir value of sh<span class=\"_ _0\"></span>are enti<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>ments at t<span class=\"_ _0\"></span>he gr<span class=\"_ _0\"></span>ant date is rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed as an<span class=\"_ _0\"></span> empl<span class=\"_ _0\"></span>oyee e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nse in th<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>ome s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt over th<span class=\"_ _0\"></span>e vesti<span class=\"_ _0\"></span>ng pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d with a c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>respo<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g incre<span class=\"_ _0\"></span>ase in eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y. The fair valu<span class=\"_ _0\"></span>e is deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed by an ex<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nal value<span class=\"_ _0\"></span>r using a b<span class=\"_ _0\"></span>inom<span class=\"_ _0\"></span>ial mo<span class=\"_ _0\"></span>del. S<span class=\"_ _0\"></span>hare e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ents gr<span class=\"_ _0\"></span>anted by the C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pany are sub<span class=\"_ _0\"></span>jec<span class=\"_ _0\"></span>t to cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ket based ve<span class=\"_ _0\"></span>stin<span class=\"_ _0\"></span>g con<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>ons.<span class=\"_ _0\"></span> Non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>rket ves<span class=\"_ _0\"></span>ting c<span class=\"_ _0\"></span>ondi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns are not ta<span class=\"_ _0\"></span>ken into acc<span class=\"_ _0\"></span>ount wh<span class=\"_ _0\"></span>en est<span class=\"_ _0\"></span>imatin<span class=\"_ _0\"></span>g the fai<span class=\"_ _0\"></span>r value of ent<span class=\"_ _0\"></span>itl<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nts as at the g<span class=\"_ _0\"></span>rant date. T<span class=\"_ _0\"></span>he ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>e for share e<span class=\"_ _0\"></span>ntitl<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nts show<span class=\"_ _0\"></span>n in the in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me state<span class=\"_ _0\"></span>ment is a<span class=\"_ _0\"></span>djusted to ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e numb<span class=\"_ _0\"></span>er of awards for whi<span class=\"_ _0\"></span>ch th<span class=\"_ _0\"></span>e related n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ket base<span class=\"_ _0\"></span>d vest<span class=\"_ _0\"></span>ing con<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>ons are ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted to be m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>, such t<span class=\"_ _0\"></span>hat th<span class=\"_ _0\"></span>e amou<span class=\"_ _0\"></span>nt ultim<span class=\"_ _0\"></span>ately re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d as an exp<span class=\"_ _0\"></span>ense is b<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n the nu<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r of awards that me<span class=\"_ _0\"></span>et t<span class=\"_ _0\"></span>he related n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ket base<span class=\"_ _0\"></span>d vest<span class=\"_ _0\"></span>ing co<span class=\"_ _0\"></span>ndit<span class=\"_ _0\"></span>ions at t<span class=\"_ _0\"></span>he vest<span class=\"_ _0\"></span>ing date. T<span class=\"_ _0\"></span>he pro<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>eds re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ived by t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>ompa<span class=\"_ _0\"></span>ny on the ve<span class=\"_ _0\"></span>sting of sh<span class=\"_ _0\"></span>are enti<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s <span class=\"ls2\"> </span>are cre<span class=\"_ _0\"></span>dited to sha<span class=\"_ _0\"></span>re capi<span class=\"_ _0\"></span>tal an<span class=\"_ _0\"></span>d share pre<span class=\"_ _0\"></span>mium w<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>he share e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ents are c<span class=\"_ _0\"></span>onver<span class=\"_ _3\"></span>ted or issu<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>1. <span class=\"_ _45\"> </span>Summary of Significant A<span class=\"_ _2\"></span>ccounting Policies<span class=\"ff85 ls9d ws54\"> continue<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>Gover<span class=\"_ _2\"></span>nment Grants<span class=\"_ _363\"> </span>Gover<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt grant<span class=\"_ _0\"></span>s and assis<span class=\"_ _0\"></span>tanc<span class=\"_ _0\"></span>e are re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d at thei<span class=\"_ _0\"></span>r fair valu<span class=\"_ _0\"></span>e in the in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me state<span class=\"_ _0\"></span>ment wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>ere is a reas<span class=\"_ _0\"></span>onab<span class=\"_ _0\"></span>le assur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e that th<span class=\"_ _0\"></span>e grant<span class=\"_ _0\"></span> will be re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>ved an<span class=\"_ _0\"></span>d all at<span class=\"_ _0\"></span>tach<span class=\"_ _0\"></span>ing co<span class=\"_ _0\"></span>ndit<span class=\"_ _0\"></span>ions h<span class=\"_ _0\"></span>ave bee<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>mplie<span class=\"_ _0\"></span>d with<span class=\"_ _0\"></span>. Wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e grant re<span class=\"_ _0\"></span>lates to an exp<span class=\"_ _0\"></span>ense i<span class=\"_ _0\"></span>tem, i<span class=\"_ _0\"></span>t is rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ating c<span class=\"_ _0\"></span>osts<span class=\"_ _0\"></span> withi<span class=\"_ _0\"></span>n the in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e state<span class=\"_ _0\"></span>ment ove<span class=\"_ _0\"></span>r the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od ne<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>sar<span class=\"_ _0\"></span>y to matc<span class=\"_ _0\"></span>h on a syste<span class=\"_ _0\"></span>matic b<span class=\"_ _0\"></span>asis to the co<span class=\"_ _0\"></span>sts th<span class=\"_ _0\"></span>at it is intend<span class=\"_ _0\"></span>ed to co<span class=\"_ _0\"></span>mpe<span class=\"_ _0\"></span>nsate. W<span class=\"_ _0\"></span>here t<span class=\"_ _0\"></span>he grant re<span class=\"_ _0\"></span>lates to a non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>nt asse<span class=\"_ _0\"></span>t, t<span class=\"_ _0\"></span>he value i<span class=\"_ _0\"></span>s credi<span class=\"_ _0\"></span>ted to a defer<span class=\"_ _0\"></span>red in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt and is rel<span class=\"_ _0\"></span>ease<span class=\"_ _0\"></span>d to the inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent over t<span class=\"_ _0\"></span>he exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted usefu<span class=\"_ _0\"></span>l life of the rel<span class=\"_ _0\"></span>evant ass<span class=\"_ _0\"></span>et.<span class=\"_ _363\"> </span>Income T<span class=\"_ _2\"></span>ax<span class=\"_ _363\"> </span>Inco<span class=\"_ _0\"></span>me ta<span class=\"_ _0\"></span>x in th<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>ome s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt repre<span class=\"_ _0\"></span>sents t<span class=\"_ _0\"></span>he sum of cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt tax an<span class=\"_ _0\"></span>d defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Inco<span class=\"_ _0\"></span>me ta<span class=\"_ _0\"></span>x is re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nised i<span class=\"_ _0\"></span>n the in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent exc<span class=\"_ _0\"></span>ept to the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>tent that i<span class=\"_ _0\"></span>t relates to items re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d dire<span class=\"_ _0\"></span>ctly i<span class=\"_ _0\"></span>n othe<span class=\"_ _0\"></span>r com<span class=\"_ _0\"></span>preh<span class=\"_ _0\"></span>ensive in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me.<span class=\"_ _363\"> </span>Cur<span class=\"_ _0\"></span>rent ta<span class=\"_ _0\"></span>x is base<span class=\"_ _0\"></span>d on ta<span class=\"_ _0\"></span>xabl<span class=\"_ _0\"></span>e profi<span class=\"_ _0\"></span>t and re<span class=\"_ _0\"></span>prese<span class=\"_ _0\"></span>nts the e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d tax p<span class=\"_ _0\"></span>ayable for t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>. T<span class=\"_ _2\"></span>axa<span class=\"_ _0\"></span>ble prof<span class=\"_ _0\"></span>it di<span class=\"_ _0\"></span>ffe<span class=\"_ _0\"></span>rs fro<span class=\"_ _0\"></span>m net p<span class=\"_ _0\"></span>rofit as re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ted in <span class=\"ls2\"> </span>the in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e state<span class=\"_ _0\"></span>ment b<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ause it e<span class=\"_ _0\"></span>xclude<span class=\"_ _0\"></span>s items of inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e or ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>e that are t<span class=\"_ _0\"></span>axab<span class=\"_ _0\"></span>le or d<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>ctibl<span class=\"_ _0\"></span>e in othe<span class=\"_ _0\"></span>r year<span class=\"_ _0\"></span>s and it f<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er excl<span class=\"_ _0\"></span>udes c<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain items t<span class=\"_ _0\"></span>hat are not ta<span class=\"_ _0\"></span>x de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tible i<span class=\"_ _0\"></span>nclu<span class=\"_ _0\"></span>ding pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ty d<span class=\"_ _0\"></span>epre<span class=\"_ _0\"></span>ciat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Group<span class=\"_ _0\"></span>\u2019s liabilit<span class=\"_ _0\"></span>y for c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>nt tax is c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulated usin<span class=\"_ _0\"></span>g rates that h<span class=\"_ _0\"></span>ave bee<span class=\"_ _0\"></span>n enac<span class=\"_ _0\"></span>ted or su<span class=\"_ _0\"></span>bstant<span class=\"_ _0\"></span>ially e<span class=\"_ _0\"></span>nacte<span class=\"_ _0\"></span>d at the bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et date. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up\u2019s inco<span class=\"_ _0\"></span>me ta<span class=\"_ _0\"></span>x cha<span class=\"_ _0\"></span>rge ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts var<span class=\"_ _0\"></span>iou<span class=\"_ _0\"></span>s allowanc<span class=\"_ _0\"></span>es and r<span class=\"_ _0\"></span>eliefs a<span class=\"_ _0\"></span>nd plan<span class=\"_ _0\"></span>ning opp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>es availabl<span class=\"_ _0\"></span>e in the t<span class=\"_ _0\"></span>ax ju<span class=\"_ _0\"></span>risdi<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>ns in whi<span class=\"_ _0\"></span>ch the G<span class=\"_ _0\"></span>roup o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ates. T<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>termin<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the Gro<span class=\"_ _0\"></span>up\u2019s charg<span class=\"_ _0\"></span>e for inc<span class=\"_ _0\"></span>ome t<span class=\"_ _0\"></span>ax in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent re<span class=\"_ _0\"></span>quires es<span class=\"_ _0\"></span>timates to be m<span class=\"_ _0\"></span>ade, o<span class=\"_ _0\"></span>n the b<span class=\"_ _0\"></span>asis of professio<span class=\"_ _0\"></span>nal adv<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>, in relat<span class=\"_ _0\"></span>ion to ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n mat<span class=\"_ _0\"></span>ters wh<span class=\"_ _0\"></span>ere th<span class=\"_ _0\"></span>e ultim<span class=\"_ _0\"></span>ate outco<span class=\"_ _0\"></span>me may not<span class=\"_ _0\"></span> be ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n and wh<span class=\"_ _0\"></span>ere an ex<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d per<span class=\"_ _0\"></span>iod m<span class=\"_ _0\"></span>ay be requ<span class=\"_ _0\"></span>ired b<span class=\"_ _0\"></span>efore suc<span class=\"_ _0\"></span>h mat<span class=\"_ _0\"></span>ters are d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he amo<span class=\"_ _0\"></span>unt sh<span class=\"_ _0\"></span>own for cur<span class=\"_ _0\"></span>rent t<span class=\"_ _0\"></span>axati<span class=\"_ _0\"></span>on ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts ta<span class=\"_ _0\"></span>x unc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aintie<span class=\"_ _0\"></span>s and is base<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he Dire<span class=\"_ _0\"></span>ctor<span class=\"_ _0\"></span>s\u2019 es<span class=\"_ _0\"></span>timate of (i<span class=\"_ _0\"></span>) th<span class=\"_ _0\"></span>e mos<span class=\"_ _0\"></span>t likely am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>; or (<span class=\"_ _0\"></span>ii) t<span class=\"_ _0\"></span>he ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted valu<span class=\"_ _0\"></span>e of the pro<span class=\"_ _0\"></span>babl<span class=\"_ _0\"></span>e out<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>low of ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic<span class=\"_ _0\"></span> resou<span class=\"_ _0\"></span>rces t<span class=\"_ _0\"></span>hat will be re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he es<span class=\"_ _0\"></span>timates for in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me ta<span class=\"_ _0\"></span>x incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d in the f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts are c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>ered a<span class=\"_ _0\"></span>ppro<span class=\"_ _0\"></span>priate bu<span class=\"_ _0\"></span>t no assu<span class=\"_ _0\"></span>ranc<span class=\"_ _0\"></span>e can b<span class=\"_ _0\"></span>e given t<span class=\"_ _0\"></span>hat the f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>l deter<span class=\"_ _0\"></span>minat<span class=\"_ _0\"></span>ion of th<span class=\"_ _0\"></span>ese mat<span class=\"_ _0\"></span>ters w<span class=\"_ _0\"></span>ill not be mate<span class=\"_ _0\"></span>riall<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>ferent to th<span class=\"_ _0\"></span>e esti<span class=\"_ _0\"></span>mates inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>d in the f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ents.<span class=\"_ _0\"></span> Whils<span class=\"_ _0\"></span>t it is po<span class=\"_ _0\"></span>ssible<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>roup d<span class=\"_ _0\"></span>oes n<span class=\"_ _0\"></span>ot cur<span class=\"_ _0\"></span>rently a<span class=\"_ _0\"></span>ntici<span class=\"_ _0\"></span>pate that any su<span class=\"_ _0\"></span>ch dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s coul<span class=\"_ _0\"></span>d have a materi<span class=\"_ _0\"></span>al impa<span class=\"_ _0\"></span>ct on t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>ome t<span class=\"_ _0\"></span>ax pr<span class=\"_ _0\"></span>ovisio<span class=\"_ _0\"></span>n and prof<span class=\"_ _0\"></span>it for t<span class=\"_ _0\"></span>he pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d in whi<span class=\"_ _0\"></span>ch suc<span class=\"_ _0\"></span>h a deter<span class=\"_ _0\"></span>minat<span class=\"_ _0\"></span>ion is m<span class=\"_ _0\"></span>ade no<span class=\"_ _0\"></span>r do<span class=\"_ _0\"></span>es it ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct any sig<span class=\"_ _0\"></span>nifi<span class=\"_ _0\"></span>cant i<span class=\"_ _0\"></span>mpac<span class=\"_ _0\"></span>t on its f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial p<span class=\"_ _0\"></span>osit<span class=\"_ _0\"></span>ion in t<span class=\"_ _0\"></span>he ne<span class=\"_ _0\"></span>ar term<span class=\"_ _0\"></span>. This is b<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n the G<span class=\"_ _0\"></span>roup\u2019s k<span class=\"_ _0\"></span>nowle<span class=\"_ _0\"></span>dge an<span class=\"_ _0\"></span>d exp<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e, as well as t<span class=\"_ _0\"></span>he prof<span class=\"_ _0\"></span>ile of th<span class=\"_ _0\"></span>e indiv<span class=\"_ _0\"></span>idual c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nts whi<span class=\"_ _0\"></span>ch have be<span class=\"_ _0\"></span>en ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cted i<span class=\"_ _0\"></span>n the cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt tax li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>y, the stat<span class=\"_ _0\"></span>us of the ta<span class=\"_ _0\"></span>x audi<span class=\"_ _0\"></span>ts, e<span class=\"_ _0\"></span>nquir<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>nd neg<span class=\"_ _0\"></span>otiati<span class=\"_ _0\"></span>ons in pr<span class=\"_ _0\"></span>ogres<span class=\"_ _0\"></span>s at each ye<span class=\"_ _0\"></span>ar-e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>, previ<span class=\"_ _0\"></span>ous cl<span class=\"_ _0\"></span>aims and a<span class=\"_ _0\"></span>ny factors s<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic to the<span class=\"_ _0\"></span> relev<span class=\"_ _0\"></span>ant ta<span class=\"_ _0\"></span>x enviro<span class=\"_ _0\"></span>nment<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>Defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax is p<span class=\"_ _0\"></span>rovide<span class=\"_ _0\"></span>d, u<span class=\"_ _0\"></span>sing th<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>, on all temp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g amou<span class=\"_ _0\"></span>nts of asset<span class=\"_ _0\"></span>s and liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es for f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g pur<span class=\"_ _0\"></span>pose<span class=\"_ _0\"></span>s and th<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unts use<span class=\"_ _0\"></span>d for ta<span class=\"_ _0\"></span>xatio<span class=\"_ _0\"></span>n pur<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>es. D<span class=\"_ _0\"></span>efer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x asse<span class=\"_ _0\"></span>ts and lia<span class=\"_ _0\"></span>biliti<span class=\"_ _0\"></span>es are m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>d at the ta<span class=\"_ _0\"></span>x rates t<span class=\"_ _0\"></span>hat are ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted to apply i<span class=\"_ _0\"></span>n the yea<span class=\"_ _0\"></span>r when t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>et is realis<span class=\"_ _0\"></span>ed or t<span class=\"_ _0\"></span>he liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y is set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>ed bas<span class=\"_ _0\"></span>ed on r<span class=\"_ _0\"></span>ates that have b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n enac<span class=\"_ _0\"></span>ted or sub<span class=\"_ _0\"></span>stant<span class=\"_ _0\"></span>ially e<span class=\"_ _0\"></span>nacted at t<span class=\"_ _0\"></span>he balan<span class=\"_ _0\"></span>ce sh<span class=\"_ _0\"></span>eet d<span class=\"_ _0\"></span>ate.<span class=\"_ _363\"> </span>Defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax as<span class=\"_ _0\"></span>sets an<span class=\"_ _0\"></span>d liabili<span class=\"_ _0\"></span>ties a<span class=\"_ _0\"></span>re not rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nised fo<span class=\"_ _0\"></span>r the foll<span class=\"_ _0\"></span>owing temp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Go<span class=\"_ _0\"></span>odwill t<span class=\"_ _0\"></span>hat is not d<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>ctibl<span class=\"_ _0\"></span>e for ta<span class=\"_ _0\"></span>x pur<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>es;<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">T<span class=\"_ _2\"></span>emp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s arisin<span class=\"_ _0\"></span>g from t<span class=\"_ _0\"></span>he ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gniti<span class=\"_ _0\"></span>on of an ass<span class=\"_ _0\"></span>et or lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y in a tr<span class=\"_ _0\"></span>ansac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n that is not a b<span class=\"_ _0\"></span>usines<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>mbinat<span class=\"_ _0\"></span>ion an<span class=\"_ _0\"></span>d, at th<span class=\"_ _0\"></span>e </span>time of th<span class=\"_ _0\"></span>e tra<span class=\"_ _0\"></span>nsact<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, affe<span class=\"_ _0\"></span>cts n<span class=\"_ _0\"></span>eit<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>he acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>ing prof<span class=\"_ _0\"></span>it or t<span class=\"_ _0\"></span>axa<span class=\"_ _0\"></span>ble prof<span class=\"_ _0\"></span>it or l<span class=\"_ _0\"></span>oss; an<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">T<span class=\"_ _2\"></span>emp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s assoc<span class=\"_ _0\"></span>iated wi<span class=\"_ _0\"></span>th invest<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s in subsid<span class=\"_ _0\"></span>iari<span class=\"_ _0\"></span>es in whi<span class=\"_ _0\"></span>ch cas<span class=\"_ _0\"></span>e defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax is on<span class=\"_ _0\"></span>ly rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nised to th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>tent th<span class=\"_ _0\"></span>at it is pro<span class=\"_ _0\"></span>babl<span class=\"_ _0\"></span>e </span>that th<span class=\"_ _0\"></span>e temp<span class=\"_ _0\"></span>orar<span class=\"_ _3\"></span>y dif<span class=\"_ _0\"></span>ferenc<span class=\"_ _0\"></span>es will re<span class=\"_ _0\"></span>verse i<span class=\"_ _0\"></span>n the fore<span class=\"_ _0\"></span>see<span class=\"_ _0\"></span>able f<span class=\"_ _0\"></span>uture<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g amo<span class=\"_ _0\"></span>unt of defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x asse<span class=\"_ _0\"></span>ts is rev<span class=\"_ _0\"></span>iewed at e<span class=\"_ _0\"></span>ach bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et date and re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ed to th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>tent that i<span class=\"_ _0\"></span>t is no lo<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>r prob<span class=\"_ _0\"></span>able t<span class=\"_ _0\"></span>hat suf<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>icie<span class=\"_ _0\"></span>nt ta<span class=\"_ _0\"></span>xable p<span class=\"_ _0\"></span>rofit wo<span class=\"_ _0\"></span>uld be avail<span class=\"_ _0\"></span>able to allow a<span class=\"_ _0\"></span>ll or par<span class=\"_ _3\"></span>t of the defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax as<span class=\"_ _0\"></span>set to be u<span class=\"_ _0\"></span>tilise<span class=\"_ _0\"></span>d.<span class=\"_ _363\"> </span>Share Capital<span class=\"_ _363\"> </span>Ordinary Shares<span class=\"_ _363\"> </span>Ordin<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>res are cl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>ied as e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>ty. Increm<span class=\"_ _0\"></span>enta<span class=\"_ _0\"></span>l cost<span class=\"_ _0\"></span>s direc<span class=\"_ _0\"></span>tly at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>tabl<span class=\"_ _0\"></span>e to the issu<span class=\"_ _0\"></span>e of ordina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y share<span class=\"_ _0\"></span>s are rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nised as a d<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on fro<span class=\"_ _0\"></span>m equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, n<span class=\"_ _0\"></span>et of any ta<span class=\"_ _0\"></span>x ef<span class=\"_ _0\"></span>fects<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Repurchase of<span class=\"_ _2\"></span> Share Capital<span class=\"_ _363\"> </span>Whe<span class=\"_ _0\"></span>n share c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised as e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y is p<span class=\"_ _0\"></span>urchas<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, the am<span class=\"_ _0\"></span>ount of th<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n paid<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>ding dire<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ly at<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>but<span class=\"_ _0\"></span>able c<span class=\"_ _0\"></span>osts<span class=\"_ _0\"></span>, is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nised<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>as a chan<span class=\"_ _0\"></span>ge in e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y.<span class=\"_ _363\"> </span>Dividen<span class=\"_ _0\"></span>ds<span class=\"_ _363\"> </span>Div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nds on o<span class=\"_ _0\"></span>rdinar<span class=\"_ _3\"></span>y shares are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d as a liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y in th<span class=\"_ _0\"></span>e Group\u2019s f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s in the p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod in w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>hey are d<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>lared by t<span class=\"_ _0\"></span>he Co<span class=\"_ _0\"></span>mpany. In the case of inter<span class=\"_ _0\"></span>im div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nds<span class=\"_ _0\"></span>, thes<span class=\"_ _0\"></span>e are co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>red to be d<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>lared w<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>hey are pa<span class=\"_ _0\"></span>id. In t<span class=\"_ _0\"></span>he case of f<span class=\"_ _0\"></span>inal di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>ends t<span class=\"_ _0\"></span>hese a<span class=\"_ _0\"></span>re <span class=\"ls2\"> </span>declared<span class=\"_ _4\"></span> when a<span class=\"_ _4\"></span>uthorised b<span class=\"_ _2\"></span>y the shar<span class=\"_ _2\"></span>eholders in Genera<span class=\"_ _2\"></span>l Meeting.<span class=\"_ _363\"> </span>1. <span class=\"_ _45\"> </span>Summary of Significant A<span class=\"_ _2\"></span>ccounting Policies<span class=\"ff85 ls9d ws54\"> continue<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>Share Capital<span class=\"ff85 ls36 wsf\"> continued<span class=\"_ _363\"> </span></span>Earnings P<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r Share<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group p<span class=\"_ _0\"></span>resent<span class=\"_ _0\"></span>s basic an<span class=\"_ _0\"></span>d dilute<span class=\"_ _0\"></span>d ear<span class=\"_ _0\"></span>nings p<span class=\"_ _0\"></span>er share (<span class=\"_ _0\"></span>\u201c<span class=\"_ _0\"></span>EP<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>\u201d<span class=\"_ _0\"></span>) d<span class=\"_ _0\"></span>ata for it<span class=\"_ _0\"></span>s ordina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y share<span class=\"_ _0\"></span>s. B<span class=\"_ _0\"></span>asic EP<span class=\"_ _0\"></span>S is c<span class=\"_ _0\"></span>alcul<span class=\"_ _0\"></span>ated by divi<span class=\"_ _0\"></span>ding th<span class=\"_ _0\"></span>e profi<span class=\"_ _0\"></span>t or lo<span class=\"_ _0\"></span>ss att<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>utab<span class=\"_ _0\"></span>le to ordin<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>reho<span class=\"_ _0\"></span>lder<span class=\"_ _0\"></span>s of the C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any by the wei<span class=\"_ _0\"></span>ghted avera<span class=\"_ _0\"></span>ge num<span class=\"_ _0\"></span>ber of o<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>hares o<span class=\"_ _0\"></span>utst<span class=\"_ _0\"></span>andin<span class=\"_ _0\"></span>g duri<span class=\"_ _0\"></span>ng the p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>, adjus<span class=\"_ _0\"></span>ted for treas<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>res hel<span class=\"_ _0\"></span>d. Dil<span class=\"_ _0\"></span>uted E<span class=\"_ _0\"></span>PS is c<span class=\"_ _0\"></span>alcu<span class=\"_ _0\"></span>lated by div<span class=\"_ _0\"></span>iding t<span class=\"_ _0\"></span>he prof<span class=\"_ _0\"></span>it or l<span class=\"_ _0\"></span>oss at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibut<span class=\"_ _0\"></span>able to o<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>hareh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ers by th<span class=\"_ _0\"></span>e weighte<span class=\"_ _0\"></span>d averag<span class=\"_ _0\"></span>e numb<span class=\"_ _0\"></span>er of ordin<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>res ou<span class=\"_ _0\"></span>tsta<span class=\"_ _0\"></span>nding ad<span class=\"_ _0\"></span>justed for t<span class=\"_ _0\"></span>reasur<span class=\"_ _3\"></span>y shares h<span class=\"_ _0\"></span>eld and fo<span class=\"_ _0\"></span>r the ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>cts of all dilu<span class=\"_ _0\"></span>tive p<span class=\"_ _0\"></span>otential o<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>hares re<span class=\"_ _0\"></span>lated to employee share schemes.<span class=\"_ _363\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSummaryOfSignificantAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-580": {
   "value": "1. <span class=\"_ _45\"> </span>Summary of Significant A<span class=\"_ _2\"></span>ccounting Policies<span class=\"_ _363\"> </span>General Information<span class=\"_ _363\"> </span>Graf<span class=\"_ _0\"></span>ton Gro<span class=\"_ _0\"></span>up plc (<span class=\"_ _0\"></span>\u2018G<span class=\"_ _0\"></span>raf<span class=\"_ _0\"></span>ton\u2019 or \u2018<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up\u2019<span class=\"_ _0\"></span>) is a p<span class=\"_ _0\"></span>ublic li<span class=\"_ _0\"></span>mited c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any inc<span class=\"_ _0\"></span>orp<span class=\"_ _0\"></span>orate<span class=\"_ _0\"></span>d in the Re<span class=\"_ _0\"></span>publi<span class=\"_ _0\"></span>c of Irelan<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he regis<span class=\"_ _0\"></span>tered nu<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r is 81<span class=\"_ _2\"></span>49 an<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span>regis<span class=\"_ _0\"></span>tered of<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ice ad<span class=\"_ _0\"></span>dress is H<span class=\"_ _0\"></span>eron H<span class=\"_ _0\"></span>ous<span class=\"_ _0\"></span>e, Co<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ig Road<span class=\"_ _0\"></span>, S<span class=\"_ _0\"></span>andy<span class=\"_ _3\"></span>ford Busine<span class=\"_ _0\"></span>ss Par<span class=\"_ _0\"></span>k<span class=\"_ _0\"></span>, Du<span class=\"_ _0\"></span>blin, D1<span class=\"_ _2\"></span>8 Y<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>X6. T<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p is an inter<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>nal dist<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>tor of<span class=\"_ _363\"> </span>buildin<span class=\"_ _0\"></span>g materi<span class=\"_ _0\"></span>als to trad<span class=\"_ _0\"></span>e custom<span class=\"_ _0\"></span>ers w<span class=\"_ _0\"></span>ho are pr<span class=\"_ _0\"></span>imar<span class=\"_ _0\"></span>ily en<span class=\"_ _0\"></span>gage<span class=\"_ _0\"></span>d in resi<span class=\"_ _0\"></span>dent<span class=\"_ _0\"></span>ial repa<span class=\"_ _0\"></span>ir<span class=\"_ _2\"></span>, m<span class=\"_ _0\"></span>aintenan<span class=\"_ _0\"></span>ce and i<span class=\"_ _0\"></span>mprove<span class=\"_ _0\"></span>ment pr<span class=\"_ _0\"></span>ojec<span class=\"_ _0\"></span>ts and h<span class=\"_ _0\"></span>ouse bu<span class=\"_ _0\"></span>ilding<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Statement of<span class=\"_ _2\"></span> Compliance<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e cons<span class=\"_ _0\"></span>olidate<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>ancia<span class=\"_ _0\"></span>l statem<span class=\"_ _0\"></span>ents of Graf<span class=\"_ _0\"></span>ton G<span class=\"_ _0\"></span>roup pl<span class=\"_ _0\"></span>c have be<span class=\"_ _0\"></span>en pre<span class=\"_ _0\"></span>pare<span class=\"_ _0\"></span>d in acc<span class=\"_ _0\"></span>orda<span class=\"_ _0\"></span>nce wi<span class=\"_ _0\"></span>th Inter<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>nal Fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al Rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng S<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>dards<span class=\"_ _363\"> </span>(\u201c<span class=\"_ _0\"></span>IFR<span class=\"_ _0\"></span>Ss<span class=\"_ _0\"></span>\u201d<span class=\"_ _0\"></span>) as ad<span class=\"_ _0\"></span>opted by th<span class=\"_ _0\"></span>e Europ<span class=\"_ _0\"></span>ean Un<span class=\"_ _0\"></span>ion (<span class=\"_ _0\"></span>\u201c<span class=\"_ _0\"></span>EU<span class=\"_ _0\"></span>\u201d<span class=\"_ _3\"></span>). The IF<span class=\"_ _0\"></span>RS<span class=\"_ _0\"></span>s appli<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>hese f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts were th<span class=\"_ _0\"></span>ose ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve for acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>ing pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds<span class=\"_ _363\"> </span>endin<span class=\"_ _0\"></span>g on 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>New Standards, A<span class=\"_ _2\"></span>men<span class=\"_ _0\"></span>dments and<span class=\"_ _2\"></span> I<span class=\"_ _0\"></span>nterpretations<span class=\"_ _363\"> </span>A numb<span class=\"_ _0\"></span>er of new s<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>ards and a<span class=\"_ _0\"></span>mend<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s to stand<span class=\"_ _0\"></span>ards and inte<span class=\"_ _0\"></span>rpre<span class=\"_ _0\"></span>tatio<span class=\"_ _0\"></span>ns are ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive for a<span class=\"_ _0\"></span>nnual p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iods b<span class=\"_ _0\"></span>egin<span class=\"_ _0\"></span>ning af<span class=\"_ _0\"></span>ter 1 Jan<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2,<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>and have be<span class=\"_ _0\"></span>en a<span class=\"_ _0\"></span>pplie<span class=\"_ _0\"></span>d in pre<span class=\"_ _0\"></span>pari<span class=\"_ _0\"></span>ng the<span class=\"_ _0\"></span>se f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial st<span class=\"_ _0\"></span>atements<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he followin<span class=\"_ _0\"></span>g S<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>ards and Inte<span class=\"_ _0\"></span>rpre<span class=\"_ _0\"></span>tati<span class=\"_ _0\"></span>ons are ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ctive fo<span class=\"_ _0\"></span>r the Gro<span class=\"_ _0\"></span>up and p<span class=\"_ _0\"></span>arent<span class=\"_ _363\"> </span>com<span class=\"_ _0\"></span>pany in 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 but d<span class=\"_ _0\"></span>o not have a mater<span class=\"_ _0\"></span>ial ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t on the re<span class=\"_ _0\"></span>sults o<span class=\"_ _0\"></span>r fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial posi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the Gro<span class=\"_ _0\"></span>up or pa<span class=\"_ _0\"></span>rent co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IA<span class=\"_ _0\"></span>S 1<span class=\"_ _2\"></span>6 (<span class=\"_ _0\"></span>Am<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ments) <span class=\"_ _c6\"> </span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, Plant &amp; Equipm<span class=\"_ _0\"></span>ent (Ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ctive 1 J<span class=\"_ _0\"></span>anuar<span class=\"_ _3\"></span>y 202<span class=\"_ _0\"></span>2)<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IA<span class=\"_ _0\"></span>S 37 (A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>ents) <span class=\"_ _134\"> </span>Prov<span class=\"_ _0\"></span>isions<span class=\"_ _0\"></span>, C<span class=\"_ _0\"></span>onting<span class=\"_ _0\"></span>ent L<span class=\"_ _0\"></span>iabili<span class=\"_ _0\"></span>ties &amp; C<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>inge<span class=\"_ _0\"></span>nt Ass<span class=\"_ _0\"></span>ets (Ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ctive 1 J<span class=\"_ _0\"></span>anuar<span class=\"_ _3\"></span>y 202<span class=\"_ _0\"></span>2)<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IFR<span class=\"_ _0\"></span>S 9 (A<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts) <span class=\"_ _c5\"> </span>F<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial Inst<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>ments (<span class=\"_ _0\"></span>Effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve 1 Janua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>22)<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IFR<span class=\"_ _0\"></span>S 3 (A<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts) <span class=\"_ _c5\"> </span>B<span class=\"_ _0\"></span>usine<span class=\"_ _0\"></span>ss Co<span class=\"_ _0\"></span>mbinat<span class=\"_ _0\"></span>ions (<span class=\"_ _0\"></span>Ef<span class=\"_ _0\"></span>fecti<span class=\"_ _0\"></span>ve 1 Janua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>22)<span class=\"_ _363\"> </span></span>New Standards, A<span class=\"_ _2\"></span>men<span class=\"_ _0\"></span>dments and<span class=\"_ _2\"></span> I<span class=\"_ _0\"></span>nterpretations<span class=\"_ _4\"></span> not y<span class=\"_ _2\"></span>et adopted<span class=\"_ _363\"> </span>A numb<span class=\"_ _0\"></span>er of new s<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>ards and a<span class=\"_ _0\"></span>mend<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s to stand<span class=\"_ _0\"></span>ards and inte<span class=\"_ _0\"></span>rpre<span class=\"_ _0\"></span>tatio<span class=\"_ _0\"></span>ns are ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive for a<span class=\"_ _0\"></span>nnual p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iods b<span class=\"_ _0\"></span>egin<span class=\"_ _0\"></span>ning af<span class=\"_ _0\"></span>ter 1 Jan<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>023<span class=\"_ _0\"></span>, <span class=\"ls2\"> </span>and have not b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n appli<span class=\"_ _0\"></span>ed in p<span class=\"_ _0\"></span>repar<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>ese f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts. T<span class=\"_ _0\"></span>he foll<span class=\"_ _0\"></span>owing S<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>dards an<span class=\"_ _0\"></span>d Interp<span class=\"_ _0\"></span>retati<span class=\"_ _0\"></span>ons are n<span class=\"_ _0\"></span>ot yet ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive for t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up<span class=\"_ _363\"> </span>and pare<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>mpany an<span class=\"_ _0\"></span>d are not ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted to have a mater<span class=\"_ _0\"></span>ial ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t on th<span class=\"_ _0\"></span>e result<span class=\"_ _0\"></span>s or f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial pos<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n of the Gro<span class=\"_ _0\"></span>up or p<span class=\"_ _0\"></span>arent c<span class=\"_ _0\"></span>ompa<span class=\"_ _0\"></span>ny:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IA<span class=\"_ _0\"></span>S 1 (A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndme<span class=\"_ _0\"></span>nts) <span class=\"_ _40\"> </span>P<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>ntatio<span class=\"_ _0\"></span>n of Finan<span class=\"_ _0\"></span>cial S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s (Ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive 1 Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>23)<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IA<span class=\"_ _0\"></span>S 8 (A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndme<span class=\"_ _0\"></span>nts) <span class=\"_ _40\"> </span>A<span class=\"_ _0\"></span>cco<span class=\"_ _0\"></span>untin<span class=\"_ _0\"></span>g Polic<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, Chan<span class=\"_ _0\"></span>ges in A<span class=\"_ _0\"></span>cco<span class=\"_ _0\"></span>untin<span class=\"_ _0\"></span>g Esti<span class=\"_ _0\"></span>mates &amp; Er<span class=\"_ _0\"></span>rors (<span class=\"_ _0\"></span>Ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive 1 Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>23)<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IA<span class=\"_ _0\"></span>S 1<span class=\"_ _2\"></span>2 (<span class=\"_ _0\"></span>Am<span class=\"_ _0\"></span>endm<span class=\"_ _0\"></span>ents)  <span class=\"_ _9a\"> </span>In<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e T<span class=\"_ _2\"></span>axes (Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive 1 Ja<span class=\"_ _0\"></span>nuar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3)<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _2\"></span>6 (A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>ents)  <span class=\"_ _3f\"> </span>Leases (Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive 1 Jan<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>23)<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _2\"></span>7 <span class=\"_ _5d\"> </span> <span class=\"_ _6c\"> </span> <span class=\"_ _63\"> </span>I<span class=\"_ _0\"></span>nsuran<span class=\"_ _0\"></span>ce C<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts (Ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve 1 Januar<span class=\"_ _3\"></span>y 202<span class=\"_ _0\"></span>3)<span class=\"_ _363\"> </span></span>Basis of<span class=\"_ _2\"></span> Preparation<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e cons<span class=\"_ _0\"></span>olidate<span class=\"_ _0\"></span>d Finan<span class=\"_ _0\"></span>cial S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s are pres<span class=\"_ _0\"></span>ented in ste<span class=\"_ _0\"></span>rling<span class=\"_ _0\"></span>, roun<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d to the nea<span class=\"_ _0\"></span>rest th<span class=\"_ _0\"></span>ousa<span class=\"_ _0\"></span>nd. A<span class=\"_ _0\"></span>s set o<span class=\"_ _0\"></span>ut in th<span class=\"_ _0\"></span>e Dire<span class=\"_ _0\"></span>ctor<span class=\"_ _0\"></span>s\u2019 Rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t o<span class=\"_ _0\"></span>n Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>orate<span class=\"_ _363\"> </span>Gover<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>e the D<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>ctors<span class=\"_ _0\"></span>, havin<span class=\"_ _0\"></span>g made ap<span class=\"_ _0\"></span>prop<span class=\"_ _0\"></span>riate en<span class=\"_ _0\"></span>quiri<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, beli<span class=\"_ _0\"></span>eve that t<span class=\"_ _0\"></span>he Co<span class=\"_ _0\"></span>mpany an<span class=\"_ _0\"></span>d the G<span class=\"_ _0\"></span>roup as a wh<span class=\"_ _0\"></span>ole has a<span class=\"_ _0\"></span>deq<span class=\"_ _0\"></span>uate resou<span class=\"_ _0\"></span>rces to<span class=\"_ _363\"> </span>cont<span class=\"_ _0\"></span>inue in o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>nal exis<span class=\"_ _0\"></span>tence fo<span class=\"_ _0\"></span>r the for<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>eabl<span class=\"_ _0\"></span>e futu<span class=\"_ _0\"></span>re, be<span class=\"_ _0\"></span>ing 1<span class=\"_ _2\"></span>2 m<span class=\"_ _0\"></span>onths f<span class=\"_ _0\"></span>rom th<span class=\"_ _0\"></span>e date of approval of t<span class=\"_ _0\"></span>he fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial state<span class=\"_ _0\"></span>ments a<span class=\"_ _0\"></span>nd, for t<span class=\"_ _0\"></span>his<span class=\"_ _363\"> </span>reason<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>ey co<span class=\"_ _0\"></span>ntinue to ad<span class=\"_ _0\"></span>opt th<span class=\"_ _0\"></span>e goin<span class=\"_ _0\"></span>g con<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>rn basis i<span class=\"_ _0\"></span>n prepa<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ents have b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n prepa<span class=\"_ _0\"></span>red un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>he<span class=\"_ _363\"> </span>histor<span class=\"_ _0\"></span>ical c<span class=\"_ _0\"></span>ost c<span class=\"_ _0\"></span>onventi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, as modi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed by th<span class=\"_ _0\"></span>e previ<span class=\"_ _0\"></span>ous reval<span class=\"_ _0\"></span>uatio<span class=\"_ _0\"></span>n of land an<span class=\"_ _0\"></span>d buildin<span class=\"_ _0\"></span>gs, t<span class=\"_ _0\"></span>he meas<span class=\"_ _0\"></span>urem<span class=\"_ _0\"></span>ent at fair valu<span class=\"_ _0\"></span>e of share<span class=\"_ _3\"></span>-b<span class=\"_ _0\"></span>ased pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts <span class=\"ls2\"> </span>at initi<span class=\"_ _0\"></span>al date of award, th<span class=\"_ _0\"></span>e measure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt at fair valu<span class=\"_ _0\"></span>e of all der<span class=\"_ _0\"></span>ivative f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial i<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts and t<span class=\"_ _0\"></span>he meas<span class=\"_ _0\"></span>urem<span class=\"_ _0\"></span>ent at fair val<span class=\"_ _0\"></span>ue of investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span> prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. Asset<span class=\"_ _0\"></span>s classi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed as he<span class=\"_ _0\"></span>ld for sal<span class=\"_ _0\"></span>e are state<span class=\"_ _0\"></span>d at the l<span class=\"_ _0\"></span>ower of car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g value a<span class=\"_ _0\"></span>nd fair valu<span class=\"_ _0\"></span>e les<span class=\"_ _0\"></span>s cost<span class=\"_ _0\"></span>s to sell. T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying valu<span class=\"_ _0\"></span>es of rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised<span class=\"_ _0\"></span> asset<span class=\"_ _0\"></span>s and liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es that are f<span class=\"_ _0\"></span>air value h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ed are a<span class=\"_ _0\"></span>djusted to re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rd chan<span class=\"_ _0\"></span>ges in t<span class=\"_ _0\"></span>he fair valu<span class=\"_ _0\"></span>es at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibut<span class=\"_ _0\"></span>able to th<span class=\"_ _0\"></span>e risk<span class=\"_ _0\"></span>s that are b<span class=\"_ _0\"></span>eing h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e prepa<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n of cons<span class=\"_ _0\"></span>olidate<span class=\"_ _0\"></span>d fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l statem<span class=\"_ _0\"></span>ents in ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rdanc<span class=\"_ _0\"></span>e with I<span class=\"_ _0\"></span>FRS as a<span class=\"_ _0\"></span>dopted by t<span class=\"_ _0\"></span>he E<span class=\"_ _0\"></span>U require<span class=\"_ _0\"></span>s manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent to make ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tain e<span class=\"_ _0\"></span>stim<span class=\"_ _0\"></span>ates<span class=\"_ _363\"> </span>and assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns that af<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t the a<span class=\"_ _0\"></span>pplic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of acco<span class=\"_ _0\"></span>untin<span class=\"_ _0\"></span>g poli<span class=\"_ _0\"></span>cies a<span class=\"_ _0\"></span>nd the re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ted am<span class=\"_ _0\"></span>ount of asse<span class=\"_ _0\"></span>ts, li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, inco<span class=\"_ _0\"></span>me an<span class=\"_ _0\"></span>d exp<span class=\"_ _0\"></span>ense. M<span class=\"_ _0\"></span>anag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt<span class=\"_ _363\"> </span>beli<span class=\"_ _0\"></span>eves th<span class=\"_ _0\"></span>at the es<span class=\"_ _0\"></span>timates an<span class=\"_ _0\"></span>d assum<span class=\"_ _0\"></span>ptions m<span class=\"_ _0\"></span>ade are re<span class=\"_ _0\"></span>asona<span class=\"_ _0\"></span>ble bas<span class=\"_ _0\"></span>ed on t<span class=\"_ _0\"></span>he infor<span class=\"_ _0\"></span>matio<span class=\"_ _0\"></span>n availabl<span class=\"_ _0\"></span>e to it at the t<span class=\"_ _0\"></span>ime th<span class=\"_ _0\"></span>at thos<span class=\"_ _0\"></span>e esti<span class=\"_ _0\"></span>mates and<span class=\"_ _0\"></span> assumpt<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>re made. T<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>reas involv<span class=\"_ _0\"></span>ing a hig<span class=\"_ _0\"></span>h deg<span class=\"_ _0\"></span>ree of jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent or c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>lexi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, o<span class=\"_ _0\"></span>r areas wh<span class=\"_ _0\"></span>ere assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns and e<span class=\"_ _0\"></span>stimates a<span class=\"_ _0\"></span>re signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant in<span class=\"_ _0\"></span> relati<span class=\"_ _0\"></span>on to the c<span class=\"_ _0\"></span>onso<span class=\"_ _0\"></span>lidated f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts are se<span class=\"_ _0\"></span>t out in N<span class=\"_ _0\"></span>ote 32 and re<span class=\"_ _0\"></span>late prim<span class=\"_ _0\"></span>aril<span class=\"_ _0\"></span>y to valuati<span class=\"_ _0\"></span>on of inventor<span class=\"_ _0\"></span>y, acco<span class=\"_ _0\"></span>unting fo<span class=\"_ _0\"></span>r def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t<span class=\"_ _363\"> </span>pensi<span class=\"_ _0\"></span>on sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es, g<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>dwill im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>, rebate in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e and IF<span class=\"_ _0\"></span>RS 1<span class=\"_ _4\"></span>6 \u201cleas<span class=\"_ _0\"></span>es\u201d.<span class=\"_ _363\"> </span>In prep<span class=\"_ _0\"></span>arin<span class=\"_ _0\"></span>g the f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts, t<span class=\"_ _0\"></span>he Dire<span class=\"_ _0\"></span>ctor<span class=\"_ _0\"></span>s have also co<span class=\"_ _0\"></span>nsid<span class=\"_ _0\"></span>ered t<span class=\"_ _0\"></span>he cur<span class=\"_ _0\"></span>rent a<span class=\"_ _0\"></span>nd potenti<span class=\"_ _0\"></span>al impa<span class=\"_ _0\"></span>ct of climate ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>. Cos<span class=\"_ _0\"></span>ts asso<span class=\"_ _0\"></span>ciated<span class=\"_ _363\"> </span>with p<span class=\"_ _0\"></span>roje<span class=\"_ _0\"></span>cts to improve e<span class=\"_ _0\"></span>nerg<span class=\"_ _0\"></span>y ef<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>icie<span class=\"_ _0\"></span>ncy a<span class=\"_ _0\"></span>nd red<span class=\"_ _0\"></span>uce c<span class=\"_ _0\"></span>arb<span class=\"_ _0\"></span>on e<span class=\"_ _0\"></span>missio<span class=\"_ _0\"></span>ns have be<span class=\"_ _0\"></span>en abs<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>bed wi<span class=\"_ _0\"></span>thin o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ating e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nses an<span class=\"_ _0\"></span>d capi<span class=\"_ _0\"></span>tal ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nditu<span class=\"_ _0\"></span>re<span class=\"_ _363\"> </span>and have not b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n materi<span class=\"_ _0\"></span>al duri<span class=\"_ _0\"></span>ng the y<span class=\"_ _0\"></span>ear<span class=\"_ _4\"></span>. The<span class=\"_ _0\"></span>re has be<span class=\"_ _0\"></span>en n<span class=\"_ _0\"></span>o materi<span class=\"_ _0\"></span>al impa<span class=\"_ _0\"></span>ct on t<span class=\"_ _0\"></span>he net re<span class=\"_ _0\"></span>alisabl<span class=\"_ _0\"></span>e value of inve<span class=\"_ _0\"></span>ntor<span class=\"_ _0\"></span>y or t<span class=\"_ _0\"></span>he car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing valu<span class=\"_ _0\"></span>e of<span class=\"_ _363\"> </span>fi<span class=\"_ _0\"></span>xed asse<span class=\"_ _0\"></span>ts in this ye<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>\u2019s fin<span class=\"_ _0\"></span>ancia<span class=\"_ _0\"></span>l statem<span class=\"_ _0\"></span>ents as a resu<span class=\"_ _0\"></span>lt of climate c<span class=\"_ _0\"></span>hange<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ese co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ons did n<span class=\"_ _0\"></span>ot have a materi<span class=\"_ _0\"></span>al impac<span class=\"_ _0\"></span>t on th<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>nanci<span class=\"_ _0\"></span>al<span class=\"_ _363\"> </span>repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g judg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nts and es<span class=\"_ _0\"></span>timates in t<span class=\"_ _0\"></span>he cu<span class=\"_ _0\"></span>rrent y<span class=\"_ _0\"></span>ear, specif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ally in t<span class=\"_ _0\"></span>he imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d goin<span class=\"_ _0\"></span>g con<span class=\"_ _0\"></span>cer<span class=\"_ _0\"></span>n anal<span class=\"_ _0\"></span>ysis. T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s anal<span class=\"_ _0\"></span>ysis of the<span class=\"_ _0\"></span> impac<span class=\"_ _0\"></span>t of climate ch<span class=\"_ _0\"></span>ange c<span class=\"_ _0\"></span>ontin<span class=\"_ _0\"></span>ues to evol<span class=\"_ _0\"></span>ve with G<span class=\"_ _0\"></span>raf<span class=\"_ _0\"></span>ton co<span class=\"_ _0\"></span>mmi<span class=\"_ _0\"></span>tte<span class=\"_ _0\"></span>d to reduc<span class=\"_ _0\"></span>ing it<span class=\"_ _0\"></span>s car<span class=\"_ _0\"></span>bon i<span class=\"_ _0\"></span>mpac<span class=\"_ _0\"></span>t.<span class=\"_ _363\"> </span>Basis of<span class=\"_ _2\"></span> Consolidation<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e cons<span class=\"_ _0\"></span>olidate<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>ancia<span class=\"_ _0\"></span>l statem<span class=\"_ _0\"></span>ents in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e the f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts of the C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any and all sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _0\"></span>ies d<span class=\"_ _0\"></span>rawn up to 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r each ye<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>ancia<span class=\"_ _0\"></span>l year-<span class=\"_ _0\"></span>end of th<span class=\"_ _0\"></span>e Group<span class=\"_ _0\"></span>\u2019s subsidiar<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>re coter<span class=\"_ _0\"></span>mino<span class=\"_ _0\"></span>us.<span class=\"_ _363\"> </span>Subsidiaries<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>ancia<span class=\"_ _0\"></span>l statem<span class=\"_ _0\"></span>ents of subsi<span class=\"_ _0\"></span>diar<span class=\"_ _0\"></span>ies are in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>nsoli<span class=\"_ _0\"></span>dated f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial st<span class=\"_ _0\"></span>atements f<span class=\"_ _0\"></span>rom t<span class=\"_ _0\"></span>he date on whi<span class=\"_ _0\"></span>ch c<span class=\"_ _0\"></span>ontro<span class=\"_ _0\"></span>l is obtain<span class=\"_ _0\"></span>ed an<span class=\"_ _0\"></span>d they<span class=\"_ _0\"></span> ceas<span class=\"_ _0\"></span>e to be con<span class=\"_ _0\"></span>solidate<span class=\"_ _0\"></span>d from t<span class=\"_ _0\"></span>he date on w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up los<span class=\"_ _0\"></span>es co<span class=\"_ _0\"></span>ntrol. T<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on of co<span class=\"_ _0\"></span>ntrol is wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e Group is e<span class=\"_ _0\"></span>xpo<span class=\"_ _0\"></span>sed to, o<span class=\"_ _0\"></span>r has rig<span class=\"_ _0\"></span>hts to,<span class=\"_ _363\"> </span>varia<span class=\"_ _0\"></span>ble ret<span class=\"_ _0\"></span>urns f<span class=\"_ _0\"></span>rom it<span class=\"_ _0\"></span>s involve<span class=\"_ _0\"></span>ment wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e entit<span class=\"_ _0\"></span>y a<span class=\"_ _0\"></span>nd has th<span class=\"_ _0\"></span>e abilit<span class=\"_ _0\"></span>y to af<span class=\"_ _0\"></span>fect t<span class=\"_ _0\"></span>hese r<span class=\"_ _0\"></span>etur<span class=\"_ _0\"></span>ns thro<span class=\"_ _0\"></span>ugh it<span class=\"_ _0\"></span>s power over t<span class=\"_ _0\"></span>he ent<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y.<span class=\"_ _363\"> </span>Transactions<span class=\"_ _4\"></span> Eliminated on Cons<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>lidation<span class=\"_ _363\"> </span>Intra<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>gr<span class=\"_ _0\"></span>oup bal<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span>s and tr<span class=\"_ _0\"></span>ansac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns, an<span class=\"_ _0\"></span>d any unrealis<span class=\"_ _0\"></span>ed gai<span class=\"_ _0\"></span>ns and in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e and ex<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>ses ar<span class=\"_ _0\"></span>ising fro<span class=\"_ _0\"></span>m suc<span class=\"_ _0\"></span>h trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, are elim<span class=\"_ _0\"></span>inated in<span class=\"_ _363\"> </span>prepa<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>onsoli<span class=\"_ _0\"></span>dated f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s. Un<span class=\"_ _0\"></span>realise<span class=\"_ _0\"></span>d loss<span class=\"_ _0\"></span>es are eli<span class=\"_ _0\"></span>minated in t<span class=\"_ _0\"></span>he sa<span class=\"_ _0\"></span>me way as unrea<span class=\"_ _0\"></span>lised g<span class=\"_ _0\"></span>ains, b<span class=\"_ _0\"></span>ut onl<span class=\"_ _0\"></span>y to the ex<span class=\"_ _0\"></span>tent<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>that th<span class=\"_ _0\"></span>ere is no e<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e of impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt.<span class=\"_ _363\"> </span>Notes t<span class=\"_ _2\"></span>o t<span class=\"_ _0\"></span>he Group Fina<span class=\"_ _4\"></span>ncial St<span class=\"_ _2\"></span>atements<span class=\"_ _363\"> </span>1. <span class=\"_ _45\"> </span>Summary of Significant A<span class=\"_ _2\"></span>ccounting Policies<span class=\"ff85 ls9d ws54\"> continue<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>Basis of<span class=\"_ _2\"></span> consolidation<span class=\"ff85 ls36 wsf\"> conti<span class=\"_ _0\"></span>nued<span class=\"_ _363\"> </span></span>Rev<span class=\"_ _2\"></span>enu<span class=\"_ _0\"></span>e Recognition<span class=\"_ _363\"> </span>Revenu<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ises th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e of consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ation re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>le for go<span class=\"_ _0\"></span>ods a<span class=\"_ _0\"></span>nd ser<span class=\"_ _3\"></span>vice<span class=\"_ _0\"></span>s supp<span class=\"_ _0\"></span>lied to ex<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nal cu<span class=\"_ _0\"></span>stome<span class=\"_ _0\"></span>rs in th<span class=\"_ _0\"></span>e ordin<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y co<span class=\"_ _0\"></span>urse of t<span class=\"_ _0\"></span>he Group<span class=\"_ _0\"></span>\u2019s activ<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s and excl<span class=\"_ _0\"></span>udes i<span class=\"_ _0\"></span>nter-c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any revenu<span class=\"_ _0\"></span>e and valu<span class=\"_ _0\"></span>e add<span class=\"_ _0\"></span>ed ta<span class=\"_ _0\"></span>x.<span class=\"_ _363\"> </span>In gen<span class=\"_ _0\"></span>eral<span class=\"_ _0\"></span>, reven<span class=\"_ _0\"></span>ue is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nised to th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>tent th<span class=\"_ _0\"></span>at the Gr<span class=\"_ _0\"></span>oup has s<span class=\"_ _0\"></span>atisf<span class=\"_ _0\"></span>ied i<span class=\"_ _0\"></span>ts pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>ance o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>ations to t<span class=\"_ _0\"></span>he buye<span class=\"_ _0\"></span>r and t<span class=\"_ _0\"></span>he bu<span class=\"_ _0\"></span>yer has obt<span class=\"_ _0\"></span>aine<span class=\"_ _0\"></span>d cont<span class=\"_ _0\"></span>rol of the g<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>ds or se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces b<span class=\"_ _0\"></span>eing t<span class=\"_ _0\"></span>ransfer<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>. In the c<span class=\"_ _0\"></span>ase of sal<span class=\"_ _0\"></span>es of goo<span class=\"_ _0\"></span>ds, t<span class=\"_ _0\"></span>his ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ally ar<span class=\"_ _0\"></span>ises wh<span class=\"_ _0\"></span>en pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ts have eit<span class=\"_ _0\"></span>her b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n deli<span class=\"_ _0\"></span>vered to <span class=\"ls2\"> </span>or co<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span>cted by a cus<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>r and th<span class=\"_ _0\"></span>ere is no u<span class=\"_ _0\"></span>nfulf<span class=\"_ _0\"></span>illed o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>ation t<span class=\"_ _0\"></span>hat co<span class=\"_ _0\"></span>uld af<span class=\"_ _0\"></span>fect t<span class=\"_ _0\"></span>he ac<span class=\"_ _0\"></span>cept<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e of the pro<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ts. S<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice re<span class=\"_ _0\"></span>venu<span class=\"_ _0\"></span>e com<span class=\"_ _0\"></span>pris<span class=\"_ _0\"></span>es tool<span class=\"_ _0\"></span> hire reven<span class=\"_ _0\"></span>ue and is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d over t<span class=\"_ _0\"></span>he pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d of hire.<span class=\"_ _363\"> </span>Revenu<span class=\"_ _0\"></span>es are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rded b<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n the p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>e spe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e sales i<span class=\"_ _0\"></span>nvoice<span class=\"_ _0\"></span>s/contrac<span class=\"_ _0\"></span>ts ne<span class=\"_ _0\"></span>t of actual an<span class=\"_ _0\"></span>d esti<span class=\"_ _0\"></span>mated retu<span class=\"_ _0\"></span>rns<span class=\"_ _0\"></span>, rebates an<span class=\"_ _0\"></span>d any disc<span class=\"_ _0\"></span>ounts granted a<span class=\"_ _0\"></span>nd in ac<span class=\"_ _0\"></span>cord<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e with t<span class=\"_ _0\"></span>he ter<span class=\"_ _0\"></span>ms of sale. A<span class=\"_ _0\"></span>ccu<span class=\"_ _0\"></span>mulated ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nce is u<span class=\"_ _0\"></span>sed to est<span class=\"_ _0\"></span>imate retur<span class=\"_ _0\"></span>ns, re<span class=\"_ _0\"></span>bates and d<span class=\"_ _0\"></span>isco<span class=\"_ _0\"></span>unts usin<span class=\"_ _0\"></span>g the ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted<span class=\"_ _0\"></span> value m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>od and re<span class=\"_ _0\"></span>venue is o<span class=\"_ _0\"></span>nly re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d to the ex<span class=\"_ _0\"></span>tent t<span class=\"_ _0\"></span>hat it is hi<span class=\"_ _0\"></span>ghly p<span class=\"_ _0\"></span>robab<span class=\"_ _0\"></span>le that a s<span class=\"_ _0\"></span>ignif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant rever<span class=\"_ _0\"></span>sal will n<span class=\"_ _0\"></span>ot occ<span class=\"_ _0\"></span>ur<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>Segment Reporting<span class=\"_ _363\"> </span>An o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ating se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>ent is a co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>nent of t<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p that en<span class=\"_ _0\"></span>gage<span class=\"_ _0\"></span>s in busin<span class=\"_ _0\"></span>ess ac<span class=\"_ _0\"></span>tiv<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s from w<span class=\"_ _0\"></span>hich i<span class=\"_ _0\"></span>t may ear<span class=\"_ _0\"></span>n revenu<span class=\"_ _0\"></span>es and i<span class=\"_ _0\"></span>ncur e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nses<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>for whic<span class=\"_ _0\"></span>h discre<span class=\"_ _0\"></span>te fina<span class=\"_ _0\"></span>ncial i<span class=\"_ _0\"></span>nformat<span class=\"_ _0\"></span>ion is avail<span class=\"_ _0\"></span>able, i<span class=\"_ _0\"></span>nclu<span class=\"_ _0\"></span>ding reve<span class=\"_ _0\"></span>nues a<span class=\"_ _0\"></span>nd exp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>s that rel<span class=\"_ _0\"></span>ate to transac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns with a<span class=\"_ _0\"></span>ny of the Grou<span class=\"_ _0\"></span>p\u2019s other<span class=\"_ _0\"></span> com<span class=\"_ _0\"></span>pon<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>. All o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ating se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>ents\u2019 o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ating re<span class=\"_ _0\"></span>sults are r<span class=\"_ _0\"></span>evie<span class=\"_ _0\"></span>wed reg<span class=\"_ _0\"></span>ular<span class=\"_ _0\"></span>ly by the G<span class=\"_ _0\"></span>roup\u2019s Chi<span class=\"_ _0\"></span>ef Op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ng De<span class=\"_ _0\"></span>cisi<span class=\"_ _0\"></span>on Make<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>, b<span class=\"_ _0\"></span>eing t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>oard<span class=\"_ _0\"></span>, <span class=\"ls2\"> </span>who is res<span class=\"_ _0\"></span>pons<span class=\"_ _0\"></span>ible for all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ating res<span class=\"_ _0\"></span>ourc<span class=\"_ _0\"></span>es and as<span class=\"_ _0\"></span>sessi<span class=\"_ _0\"></span>ng pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Foreign<span class=\"_ _2\"></span> Currency Tran<span class=\"_ _4\"></span>slation<span class=\"_ _363\"> </span>Functional and<span class=\"_ _2\"></span> Presentation Currenc<span class=\"_ _2\"></span>y<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e cons<span class=\"_ _0\"></span>olidate<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>ancia<span class=\"_ _0\"></span>l statem<span class=\"_ _0\"></span>ents are p<span class=\"_ _0\"></span>resente<span class=\"_ _0\"></span>d in ster<span class=\"_ _0\"></span>ling. I<span class=\"_ _0\"></span>tems inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>d in the f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ents of eac<span class=\"_ _0\"></span>h of the Gro<span class=\"_ _0\"></span>up\u2019s enti<span class=\"_ _0\"></span>ties are<span class=\"_ _0\"></span> measu<span class=\"_ _0\"></span>red usin<span class=\"_ _0\"></span>g its fu<span class=\"_ _0\"></span>nct<span class=\"_ _0\"></span>ional c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>ncy, being t<span class=\"_ _0\"></span>he cu<span class=\"_ _0\"></span>rren<span class=\"_ _0\"></span>cy of the p<span class=\"_ _0\"></span>rima<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>omic e<span class=\"_ _0\"></span>nviro<span class=\"_ _0\"></span>nment i<span class=\"_ _0\"></span>n whic<span class=\"_ _0\"></span>h the e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>y op<span class=\"_ _0\"></span>erates wh<span class=\"_ _0\"></span>ich is pr<span class=\"_ _0\"></span>imar<span class=\"_ _0\"></span>ily<span class=\"_ _0\"></span> euro an<span class=\"_ _0\"></span>d sterli<span class=\"_ _0\"></span>ng. T<span class=\"_ _0\"></span>he fu<span class=\"_ _0\"></span>nct<span class=\"_ _0\"></span>ional c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>ncy of th<span class=\"_ _0\"></span>e pare<span class=\"_ _0\"></span>nt com<span class=\"_ _0\"></span>pany is eur<span class=\"_ _0\"></span>o.<span class=\"_ _363\"> </span>Transactions<span class=\"_ _4\"></span> and Balances<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>ransac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns in forei<span class=\"_ _0\"></span>gn cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>ies are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d at the r<span class=\"_ _0\"></span>ate of exchange r<span class=\"_ _0\"></span>uling at t<span class=\"_ _0\"></span>he date of the t<span class=\"_ _0\"></span>rans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on. M<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>tar<span class=\"_ _0\"></span>y as<span class=\"_ _0\"></span>sets an<span class=\"_ _0\"></span>d liabili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span> den<span class=\"_ _0\"></span>omin<span class=\"_ _0\"></span>ated in forei<span class=\"_ _0\"></span>gn cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>ies are re<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>nslated to the re<span class=\"_ _0\"></span>leva<span class=\"_ _0\"></span>nt func<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy at the r<span class=\"_ _0\"></span>ate of exchang<span class=\"_ _0\"></span>e rulin<span class=\"_ _0\"></span>g at the ba<span class=\"_ _0\"></span>lanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et date.<span class=\"_ _363\"> </span>All c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>ncy t<span class=\"_ _0\"></span>ranslat<span class=\"_ _0\"></span>ion dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>es on m<span class=\"_ _0\"></span>onet<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y as<span class=\"_ _0\"></span>sets an<span class=\"_ _0\"></span>d liabili<span class=\"_ _0\"></span>ties a<span class=\"_ _0\"></span>re taken to th<span class=\"_ _0\"></span>e inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt except fo<span class=\"_ _0\"></span>r the ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ctive p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>desig<span class=\"_ _0\"></span>nated as a he<span class=\"_ _0\"></span>dge of a n<span class=\"_ _0\"></span>et invest<span class=\"_ _0\"></span>ment in a fo<span class=\"_ _0\"></span>reign o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n whic<span class=\"_ _0\"></span>h is rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in oth<span class=\"_ _0\"></span>er c<span class=\"_ _0\"></span>ompre<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>nsive inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Foreign<span class=\"_ _2\"></span> Op<span class=\"_ _0\"></span>erations<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e assets a<span class=\"_ _0\"></span>nd liabi<span class=\"_ _0\"></span>litie<span class=\"_ _0\"></span>s of foreign o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns, in<span class=\"_ _0\"></span>cludi<span class=\"_ _0\"></span>ng go<span class=\"_ _0\"></span>odwill a<span class=\"_ _0\"></span>rising o<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>nsolid<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>, are tr<span class=\"_ _0\"></span>anslated to ste<span class=\"_ _0\"></span>rling at t<span class=\"_ _0\"></span>he fore<span class=\"_ _0\"></span>ign exch<span class=\"_ _0\"></span>ange r<span class=\"_ _0\"></span>ates rulin<span class=\"_ _0\"></span>g at the b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et date. Re<span class=\"_ _0\"></span>sults an<span class=\"_ _0\"></span>d cash f<span class=\"_ _0\"></span>lows of subs<span class=\"_ _0\"></span>idiar<span class=\"_ _0\"></span>ies wh<span class=\"_ _0\"></span>ich d<span class=\"_ _0\"></span>o not have ster<span class=\"_ _0\"></span>ling as th<span class=\"_ _0\"></span>eir fu<span class=\"_ _0\"></span>ncti<span class=\"_ _0\"></span>onal c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>ncy ar<span class=\"_ _0\"></span>e transl<span class=\"_ _0\"></span>ated into sterli<span class=\"_ _0\"></span>ng at averag<span class=\"_ _0\"></span>e excha<span class=\"_ _0\"></span>nge rates fo<span class=\"_ _0\"></span>r the yea<span class=\"_ _0\"></span>r and th<span class=\"_ _0\"></span>e related b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>ets ar<span class=\"_ _0\"></span>e transl<span class=\"_ _0\"></span>ated at the r<span class=\"_ _0\"></span>ates of exchang<span class=\"_ _0\"></span>e ruli<span class=\"_ _0\"></span>ng at the b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span> date. Fore<span class=\"_ _0\"></span>ign exch<span class=\"_ _0\"></span>ange m<span class=\"_ _0\"></span>oveme<span class=\"_ _0\"></span>nts ar<span class=\"_ _0\"></span>ising on t<span class=\"_ _0\"></span>ranslat<span class=\"_ _0\"></span>ion of th<span class=\"_ _0\"></span>e net inve<span class=\"_ _0\"></span>stme<span class=\"_ _0\"></span>nt in a forei<span class=\"_ _0\"></span>gn op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>ding th<span class=\"_ _0\"></span>ose ar<span class=\"_ _0\"></span>ising o<span class=\"_ _0\"></span>n lon<span class=\"_ _0\"></span>g term<span class=\"_ _363\"> </span>intra<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>G<span class=\"_ _0\"></span>roup lo<span class=\"_ _0\"></span>ans de<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ed to be qu<span class=\"_ _0\"></span>asi equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y in nature<span class=\"_ _0\"></span>, are rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised di<span class=\"_ _0\"></span>rect<span class=\"_ _0\"></span>ly in oth<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>mpre<span class=\"_ _0\"></span>hens<span class=\"_ _0\"></span>ive inc<span class=\"_ _0\"></span>ome<span class=\"_ _0\"></span>, in the c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ency t<span class=\"_ _0\"></span>ransl<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>reser<span class=\"_ _3\"></span>ve. Th<span class=\"_ _0\"></span>e por<span class=\"_ _3\"></span>tion of exch<span class=\"_ _0\"></span>ange g<span class=\"_ _0\"></span>ains or l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s on forei<span class=\"_ _0\"></span>gn cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y bo<span class=\"_ _0\"></span>rrowing<span class=\"_ _0\"></span>s or de<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ives us<span class=\"_ _0\"></span>ed to provi<span class=\"_ _0\"></span>de a he<span class=\"_ _0\"></span>dge ag<span class=\"_ _0\"></span>ainst a n<span class=\"_ _0\"></span>et invest<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>in a foreig<span class=\"_ _0\"></span>n ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on that is d<span class=\"_ _0\"></span>esig<span class=\"_ _0\"></span>nated as a he<span class=\"_ _0\"></span>dge of th<span class=\"_ _0\"></span>ose inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nised di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>tly in oth<span class=\"_ _0\"></span>er c<span class=\"_ _0\"></span>ompr<span class=\"_ _0\"></span>ehe<span class=\"_ _0\"></span>nsive inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e to the ex<span class=\"_ _0\"></span>tent t<span class=\"_ _0\"></span>hat they a<span class=\"_ _0\"></span>re deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed to be ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ctive<span class=\"_ _0\"></span>. The i<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on is re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nised i<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>diately i<span class=\"_ _0\"></span>n the in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Movem<span class=\"_ _0\"></span>ents sin<span class=\"_ _0\"></span>ce 1 Jan<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>00<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>, the date of tr<span class=\"_ _0\"></span>ansiti<span class=\"_ _0\"></span>on to IFR<span class=\"_ _0\"></span>S, a<span class=\"_ _0\"></span>re rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy tra<span class=\"_ _0\"></span>nslatio<span class=\"_ _0\"></span>n rese<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve and a<span class=\"_ _0\"></span>re recl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>ied to t<span class=\"_ _0\"></span>he inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt on disp<span class=\"_ _0\"></span>osal of th<span class=\"_ _0\"></span>e related b<span class=\"_ _0\"></span>usines<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>Share Capital and<span class=\"_ _2\"></span> Share Premium<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e com<span class=\"_ _0\"></span>pany<span class=\"_ _0\"></span>\u2019s share c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al and sh<span class=\"_ _0\"></span>are prem<span class=\"_ _0\"></span>ium has b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n transl<span class=\"_ _0\"></span>ated fro<span class=\"_ _0\"></span>m euro into ster<span class=\"_ _0\"></span>ling at his<span class=\"_ _0\"></span>toric r<span class=\"_ _0\"></span>ates of exchang<span class=\"_ _0\"></span>e at the d<span class=\"_ _0\"></span>ates of trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>ons.<span class=\"_ _363\"> </span>Exceptional Items<span class=\"_ _2\"></span> and Non<span class=\"_ _0\"></span>-recurr<span class=\"_ _4\"></span>ing Items<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group h<span class=\"_ _0\"></span>as adopte<span class=\"_ _0\"></span>d a poli<span class=\"_ _0\"></span>cy in relat<span class=\"_ _0\"></span>ion to it<span class=\"_ _0\"></span>s inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt which s<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ks to highlig<span class=\"_ _0\"></span>ht signi<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>ant ite<span class=\"_ _0\"></span>ms with<span class=\"_ _0\"></span>in the G<span class=\"_ _0\"></span>roup\u2019s resul<span class=\"_ _0\"></span>ts. S<span class=\"_ _0\"></span>uch<span class=\"_ _0\"></span> items may in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e signi<span class=\"_ _0\"></span>fic<span class=\"_ _0\"></span>ant res<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>ctur<span class=\"_ _0\"></span>ing an<span class=\"_ _0\"></span>d one<span class=\"_ _0\"></span>rous le<span class=\"_ _0\"></span>ase prov<span class=\"_ _0\"></span>isions<span class=\"_ _0\"></span>, prof<span class=\"_ _0\"></span>it or l<span class=\"_ _0\"></span>oss on d<span class=\"_ _0\"></span>ispos<span class=\"_ _0\"></span>al or ter<span class=\"_ _0\"></span>minati<span class=\"_ _0\"></span>on of op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, litig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n cost<span class=\"_ _0\"></span>s and se<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ents an<span class=\"_ _0\"></span>d impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of assets<span class=\"_ _0\"></span>. Jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent is use<span class=\"_ _0\"></span>d by the G<span class=\"_ _0\"></span>roup in as<span class=\"_ _0\"></span>sessi<span class=\"_ _0\"></span>ng the p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cular i<span class=\"_ _0\"></span>tems whi<span class=\"_ _0\"></span>ch, by v<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>e of their s<span class=\"_ _0\"></span>cale a<span class=\"_ _0\"></span>nd nature, s<span class=\"_ _0\"></span>houl<span class=\"_ _0\"></span>d be disc<span class=\"_ _0\"></span>lose<span class=\"_ _0\"></span>d in the i<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement o<span class=\"_ _0\"></span>r relate<span class=\"_ _0\"></span>d notes. W<span class=\"_ _0\"></span>here e<span class=\"_ _0\"></span>xcepti<span class=\"_ _0\"></span>onal i<span class=\"_ _0\"></span>tems are not si<span class=\"_ _0\"></span>gnif<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>nt for sep<span class=\"_ _0\"></span>arate pres<span class=\"_ _0\"></span>entati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, they<span class=\"_ _0\"></span> are discl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d as non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g items<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y prof<span class=\"_ _0\"></span>it is dis<span class=\"_ _0\"></span>clos<span class=\"_ _0\"></span>ed as a se<span class=\"_ _0\"></span>parate lin<span class=\"_ _0\"></span>e item on t<span class=\"_ _0\"></span>he fac<span class=\"_ _0\"></span>e of the Inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt. P<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y prof<span class=\"_ _0\"></span>it ar<span class=\"_ _0\"></span>ises wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e proc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds, l<span class=\"_ _0\"></span>ess c<span class=\"_ _0\"></span>osts to sell<span class=\"_ _0\"></span>, exce<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing valu<span class=\"_ _0\"></span>e of the disp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y.<span class=\"_ _363\"> </span>Rebate Ar<span class=\"_ _2\"></span>rangements<span class=\"_ _363\"> </span>Rebate ar<span class=\"_ _0\"></span>rang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents are a c<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>on c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nt of supplie<span class=\"_ _0\"></span>r agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents in t<span class=\"_ _0\"></span>he me<span class=\"_ _0\"></span>rchant<span class=\"_ _0\"></span>ing indu<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>y. As par<span class=\"_ _3\"></span>t of its on<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>oing bu<span class=\"_ _0\"></span>sines<span class=\"_ _0\"></span>s acti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, Graf<span class=\"_ _0\"></span>ton Gro<span class=\"_ _0\"></span>up plc h<span class=\"_ _0\"></span>as entere<span class=\"_ _0\"></span>d into such ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ents wi<span class=\"_ _0\"></span>th a sig<span class=\"_ _0\"></span>nifi<span class=\"_ _0\"></span>cant n<span class=\"_ _0\"></span>umbe<span class=\"_ _0\"></span>r of its sup<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>rs.<span class=\"_ _363\"> </span>Sup<span class=\"_ _0\"></span>plier re<span class=\"_ _0\"></span>bates re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>ved and r<span class=\"_ _0\"></span>ece<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>le in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of goo<span class=\"_ _0\"></span>ds whic<span class=\"_ _0\"></span>h have be<span class=\"_ _0\"></span>en so<span class=\"_ _0\"></span>ld to the Gr<span class=\"_ _0\"></span>oup\u2019s custo<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s are de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ted from c<span class=\"_ _0\"></span>ost of sa<span class=\"_ _0\"></span>les in <span class=\"ls2\"> </span>the in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e state<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>. Wh<span class=\"_ _0\"></span>ere go<span class=\"_ _0\"></span>ods o<span class=\"_ _0\"></span>n whic<span class=\"_ _0\"></span>h rebate has be<span class=\"_ _0\"></span>en e<span class=\"_ _0\"></span>arn<span class=\"_ _0\"></span>ed re<span class=\"_ _0\"></span>main in inventor<span class=\"_ _3\"></span>y at the yea<span class=\"_ _0\"></span>r-e<span class=\"_ _0\"></span>nd, a<span class=\"_ _0\"></span>n appro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate rebate ded<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>ion is<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>made f<span class=\"_ _0\"></span>rom th<span class=\"_ _0\"></span>e gross b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying valu<span class=\"_ _0\"></span>e of that invento<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y. The rebate de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is only r<span class=\"_ _0\"></span>eleas<span class=\"_ _0\"></span>ed to the i<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement w<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>he <span class=\"ls2\"> </span>goo<span class=\"_ _0\"></span>ds are ul<span class=\"_ _0\"></span>timatel<span class=\"_ _0\"></span>y sold<span class=\"_ _0\"></span>. At the ye<span class=\"_ _0\"></span>ar-e<span class=\"_ _0\"></span>nd the b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es a bala<span class=\"_ _0\"></span>nce re<span class=\"_ _0\"></span>prese<span class=\"_ _0\"></span>nting u<span class=\"_ _0\"></span>npaid a<span class=\"_ _0\"></span>mount<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>eivab<span class=\"_ _0\"></span>le fro<span class=\"_ _0\"></span>m supp<span class=\"_ _0\"></span>lier<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>1. <span class=\"_ _45\"> </span>Summary of Significant A<span class=\"_ _2\"></span>ccounting Policies<span class=\"ff85 ls9d ws54\"> continue<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>Finance Expense<span class=\"_ _363\"> </span>Fina<span class=\"_ _0\"></span>nce ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ises intere<span class=\"_ _0\"></span>st payab<span class=\"_ _0\"></span>le on b<span class=\"_ _0\"></span>orrow<span class=\"_ _0\"></span>ings ca<span class=\"_ _0\"></span>lculate<span class=\"_ _0\"></span>d using t<span class=\"_ _0\"></span>he ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive intere<span class=\"_ _0\"></span>st rate met<span class=\"_ _0\"></span>hod<span class=\"_ _0\"></span>, ne<span class=\"_ _0\"></span>t foreign e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e los<span class=\"_ _0\"></span>ses on<span class=\"_ _0\"></span> mon<span class=\"_ _0\"></span>etar<span class=\"_ _3\"></span>y items and g<span class=\"_ _0\"></span>ains and l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s on he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g instr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts that a<span class=\"_ _0\"></span>re rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>ome s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt. T<span class=\"_ _0\"></span>he n<span class=\"_ _0\"></span>et fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t of pensi<span class=\"_ _0\"></span>on sche<span class=\"_ _0\"></span>me o<span class=\"_ _0\"></span>bligati<span class=\"_ _0\"></span>ons is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d as a fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ense in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent. T<span class=\"_ _0\"></span>he inte<span class=\"_ _0\"></span>rest ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>nent of lea<span class=\"_ _0\"></span>se paym<span class=\"_ _0\"></span>ents is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in the i<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement us<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive interes<span class=\"_ _0\"></span>t rate meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re appro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iate the fair va<span class=\"_ _0\"></span>lue adju<span class=\"_ _0\"></span>stme<span class=\"_ _0\"></span>nt to hed<span class=\"_ _0\"></span>ged i<span class=\"_ _0\"></span>tems that a<span class=\"_ _0\"></span>re the su<span class=\"_ _0\"></span>bjec<span class=\"_ _0\"></span>t of a fair value h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>e is incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d as a fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ense o<span class=\"_ _0\"></span>r fin<span class=\"_ _0\"></span>ance i<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>me. B<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rowing c<span class=\"_ _0\"></span>osts t<span class=\"_ _0\"></span>hat are not dire<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ly at<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>but<span class=\"_ _0\"></span>able to th<span class=\"_ _0\"></span>e acquis<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n, cons<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ucti<span class=\"_ _0\"></span>on or p<span class=\"_ _0\"></span>rodu<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on of a qualif<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing ass<span class=\"_ _0\"></span>et are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in the i<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement as i<span class=\"_ _0\"></span>ncur<span class=\"_ _0\"></span>red us<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive interes<span class=\"_ _0\"></span>t rate meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Finance Income<span class=\"_ _363\"> </span>Fina<span class=\"_ _0\"></span>nce in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ises intere<span class=\"_ _0\"></span>st inc<span class=\"_ _0\"></span>ome o<span class=\"_ _0\"></span>n cash a<span class=\"_ _0\"></span>nd cas<span class=\"_ _0\"></span>h equi<span class=\"_ _0\"></span>valent<span class=\"_ _0\"></span>s, div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nd inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e, gains o<span class=\"_ _0\"></span>n the dis<span class=\"_ _0\"></span>posa<span class=\"_ _0\"></span>l of fina<span class=\"_ _0\"></span>ncial as<span class=\"_ _0\"></span>sets<span class=\"_ _0\"></span>, and ga<span class=\"_ _0\"></span>ins <span class=\"ls2\"> </span>on he<span class=\"_ _0\"></span>dging i<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts that a<span class=\"_ _0\"></span>re rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r loss<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e net e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cted re<span class=\"_ _0\"></span>turn o<span class=\"_ _0\"></span>n def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it pe<span class=\"_ _0\"></span>nsion s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me pla<span class=\"_ _0\"></span>n assets i<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed as fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e inco<span class=\"_ _0\"></span>me in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>ome s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent. Inter<span class=\"_ _0\"></span>est inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e is rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>ome s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent as it ac<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ues us<span class=\"_ _0\"></span>ing the e<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fecti<span class=\"_ _0\"></span>ve interest<span class=\"_ _363\"> </span>rate met<span class=\"_ _0\"></span>hod<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Business Combinations<span class=\"_ _363\"> </span>Busin<span class=\"_ _0\"></span>ess co<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>s are acc<span class=\"_ _0\"></span>ounted fo<span class=\"_ _0\"></span>r using t<span class=\"_ _0\"></span>he acq<span class=\"_ _0\"></span>uisiti<span class=\"_ _0\"></span>on me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d as at the ac<span class=\"_ _0\"></span>quisi<span class=\"_ _0\"></span>tion d<span class=\"_ _0\"></span>ate, whic<span class=\"_ _0\"></span>h is the date o<span class=\"_ _0\"></span>n which c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rol is tr<span class=\"_ _0\"></span>ansfer<span class=\"_ _0\"></span>red to the Gro<span class=\"_ _0\"></span>up. Co<span class=\"_ _0\"></span>ntrol i<span class=\"_ _0\"></span>s def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d as when t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up is exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to, or has r<span class=\"_ _0\"></span>ights to, var<span class=\"_ _0\"></span>iabl<span class=\"_ _0\"></span>e retur<span class=\"_ _0\"></span>ns fro<span class=\"_ _0\"></span>m its invol<span class=\"_ _0\"></span>veme<span class=\"_ _0\"></span>nt with t<span class=\"_ _0\"></span>he ent<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y and has t<span class=\"_ _0\"></span>he abilit<span class=\"_ _0\"></span>y to af<span class=\"_ _0\"></span>fect t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e retur<span class=\"_ _0\"></span>ns thro<span class=\"_ _0\"></span>ugh it<span class=\"_ _0\"></span>s power over t<span class=\"_ _0\"></span>he ent<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>s goo<span class=\"_ _0\"></span>dwill at th<span class=\"_ _0\"></span>e acqu<span class=\"_ _0\"></span>isiti<span class=\"_ _0\"></span>on date as:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e of the c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>on tr<span class=\"_ _0\"></span>ansfer<span class=\"_ _0\"></span>red; plu<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>sed am<span class=\"_ _0\"></span>ount of any no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>ntroll<span class=\"_ _0\"></span>ing interes<span class=\"_ _0\"></span>ts in th<span class=\"_ _0\"></span>e acquire<span class=\"_ _0\"></span>e; plu<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">If th<span class=\"_ _0\"></span>e busine<span class=\"_ _0\"></span>ss co<span class=\"_ _0\"></span>mbinat<span class=\"_ _0\"></span>ion is a<span class=\"_ _0\"></span>chie<span class=\"_ _0\"></span>ved in st<span class=\"_ _0\"></span>ages<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e of the exis<span class=\"_ _0\"></span>ting e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y intere<span class=\"_ _0\"></span>st in th<span class=\"_ _0\"></span>e acqu<span class=\"_ _0\"></span>iree; l<span class=\"_ _0\"></span>ess<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>e net re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d amo<span class=\"_ _0\"></span>unt (g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>rally fai<span class=\"_ _0\"></span>r value) of the id<span class=\"_ _0\"></span>entif<span class=\"_ _0\"></span>iabl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts acqu<span class=\"_ _0\"></span>ired an<span class=\"_ _0\"></span>d liabili<span class=\"_ _0\"></span>ties as<span class=\"_ _0\"></span>sume<span class=\"_ _0\"></span>d.<span class=\"_ _363\"> </span></span>Whe<span class=\"_ _0\"></span>n the e<span class=\"_ _0\"></span>xcess is n<span class=\"_ _0\"></span>egat<span class=\"_ _0\"></span>ive, a ba<span class=\"_ _0\"></span>rgain pur<span class=\"_ _0\"></span>chase g<span class=\"_ _0\"></span>ain is rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised im<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>diately in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent. T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion t<span class=\"_ _0\"></span>ransfer<span class=\"_ _0\"></span>red d<span class=\"_ _0\"></span>oes<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>not inc<span class=\"_ _0\"></span>lude a<span class=\"_ _0\"></span>mount<span class=\"_ _0\"></span>s related to th<span class=\"_ _0\"></span>e set<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of the pre<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>exist<span class=\"_ _0\"></span>ing rel<span class=\"_ _0\"></span>ations<span class=\"_ _0\"></span>hips. S<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>h amou<span class=\"_ _0\"></span>nts are ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ally re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in the in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me state<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Cos<span class=\"_ _0\"></span>ts relate<span class=\"_ _0\"></span>d to the acq<span class=\"_ _0\"></span>uisiti<span class=\"_ _0\"></span>on, ot<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>han th<span class=\"_ _0\"></span>ose ass<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>ated with t<span class=\"_ _0\"></span>he issu<span class=\"_ _0\"></span>e of debt o<span class=\"_ _0\"></span>r equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y sec<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, that t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up incu<span class=\"_ _0\"></span>rs in c<span class=\"_ _0\"></span>onne<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ion wi<span class=\"_ _0\"></span>th a busine<span class=\"_ _0\"></span>ss co<span class=\"_ _0\"></span>mbin<span class=\"_ _0\"></span>ation a<span class=\"_ _0\"></span>re exp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>d as incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d.<span class=\"_ _363\"> </span>Any c<span class=\"_ _0\"></span>ontin<span class=\"_ _0\"></span>gent c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion paya<span class=\"_ _0\"></span>ble is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d at fair valu<span class=\"_ _0\"></span>e at the ac<span class=\"_ _0\"></span>quisi<span class=\"_ _0\"></span>tion d<span class=\"_ _0\"></span>ate. If the c<span class=\"_ _0\"></span>ontin<span class=\"_ _0\"></span>gent c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion is c<span class=\"_ _0\"></span>lassif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>it is not re<span class=\"_ _3\"></span>-m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>d and se<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>tlem<span class=\"_ _0\"></span>ent is ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unted for wi<span class=\"_ _0\"></span>thin e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y. Oth<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>wise<span class=\"_ _0\"></span>, subse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt chan<span class=\"_ _0\"></span>ges to th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e of the co<span class=\"_ _0\"></span>nting<span class=\"_ _0\"></span>ent cons<span class=\"_ _0\"></span>ider<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n are rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Goodwill<span class=\"_ _363\"> </span>Goo<span class=\"_ _0\"></span>dwill is t<span class=\"_ _0\"></span>he exce<span class=\"_ _0\"></span>ss of the c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>on pai<span class=\"_ _0\"></span>d over th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e of the ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>iabl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts, lia<span class=\"_ _0\"></span>biliti<span class=\"_ _0\"></span>es and c<span class=\"_ _0\"></span>onti<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>nt liabili<span class=\"_ _0\"></span>ties in a b<span class=\"_ _0\"></span>usine<span class=\"_ _0\"></span>ss com<span class=\"_ _0\"></span>binati<span class=\"_ _0\"></span>on and r<span class=\"_ _0\"></span>elates to asse<span class=\"_ _0\"></span>ts whic<span class=\"_ _0\"></span>h are not ca<span class=\"_ _0\"></span>pabl<span class=\"_ _0\"></span>e of being i<span class=\"_ _0\"></span>ndiv<span class=\"_ _0\"></span>iduall<span class=\"_ _0\"></span>y ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>ied a<span class=\"_ _0\"></span>nd sep<span class=\"_ _0\"></span>arately re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d.<span class=\"_ _363\"> </span>Goo<span class=\"_ _0\"></span>dwill ac<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d is allo<span class=\"_ _0\"></span>cated<span class=\"_ _0\"></span>, at acquis<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n date, to the g<span class=\"_ _0\"></span>roups of C<span class=\"_ _0\"></span>ash Gen<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ing Uni<span class=\"_ _0\"></span>ts (<span class=\"_ _0\"></span>\u201cCGU<span class=\"_ _0\"></span>s\u201d<span class=\"_ _0\"></span>) e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cted to b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>it f<span class=\"_ _0\"></span>rom sy<span class=\"_ _0\"></span>nerg<span class=\"_ _0\"></span>ies rel<span class=\"_ _0\"></span>ated <span class=\"ls2\"> </span>to the acq<span class=\"_ _0\"></span>uisiti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re manag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt reass<span class=\"_ _0\"></span>esse<span class=\"_ _0\"></span>s its gro<span class=\"_ _0\"></span>ups of CGU<span class=\"_ _0\"></span>s, go<span class=\"_ _0\"></span>odw<span class=\"_ _0\"></span>ill is reallo<span class=\"_ _0\"></span>cated o<span class=\"_ _0\"></span>n a relati<span class=\"_ _0\"></span>ve value b<span class=\"_ _0\"></span>asis.<span class=\"_ _363\"> </span>Goo<span class=\"_ _0\"></span>dwill is m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>d at cos<span class=\"_ _0\"></span>t less a<span class=\"_ _0\"></span>ccum<span class=\"_ _0\"></span>ulated im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>ment l<span class=\"_ _0\"></span>osses<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e CGU<span class=\"_ _0\"></span>s repres<span class=\"_ _0\"></span>ent th<span class=\"_ _0\"></span>e lowest l<span class=\"_ _0\"></span>evel wi<span class=\"_ _0\"></span>thin th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p at whic<span class=\"_ _0\"></span>h goo<span class=\"_ _0\"></span>dwill is<span class=\"_ _0\"></span> moni<span class=\"_ _0\"></span>tored fo<span class=\"_ _0\"></span>r interna<span class=\"_ _0\"></span>l manag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt pur<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e units a<span class=\"_ _0\"></span>re no larg<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>an the o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ating s<span class=\"_ _0\"></span>egm<span class=\"_ _0\"></span>ents de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ined i<span class=\"_ _0\"></span>n acc<span class=\"_ _0\"></span>ordan<span class=\"_ _0\"></span>ce wi<span class=\"_ _0\"></span>th IFR<span class=\"_ _0\"></span>S 8:<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>Op<span class=\"_ _0\"></span>eratin<span class=\"_ _0\"></span>g Se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>ents. G<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>dwill is subj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t to impair<span class=\"_ _0\"></span>ment tes<span class=\"_ _0\"></span>ting o<span class=\"_ _0\"></span>n an annu<span class=\"_ _0\"></span>al basis and at a<span class=\"_ _0\"></span>ny time du<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r if an indi<span class=\"_ _0\"></span>cator of imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ent ex<span class=\"_ _0\"></span>ists.<span class=\"_ _363\"> </span>Whe<span class=\"_ _0\"></span>re the re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>rabl<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt of a cash g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>rating u<span class=\"_ _0\"></span>nit is le<span class=\"_ _0\"></span>ss tha<span class=\"_ _0\"></span>n the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>, an im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>ment lo<span class=\"_ _0\"></span>ss is re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nised<span class=\"_ _0\"></span>. Impai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt los<span class=\"_ _0\"></span>ses arisin<span class=\"_ _0\"></span>g in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of goo<span class=\"_ _0\"></span>dwill are n<span class=\"_ _0\"></span>ot revers<span class=\"_ _0\"></span>ed on<span class=\"_ _0\"></span>ce re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d.<span class=\"_ _363\"> </span>Whe<span class=\"_ _0\"></span>re a busin<span class=\"_ _0\"></span>ess is dis<span class=\"_ _0\"></span>pose<span class=\"_ _0\"></span>d of from a C<span class=\"_ _0\"></span>GU to whic<span class=\"_ _0\"></span>h go<span class=\"_ _0\"></span>odwill ha<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>en allo<span class=\"_ _0\"></span>cated o<span class=\"_ _0\"></span>n acqu<span class=\"_ _0\"></span>isiti<span class=\"_ _0\"></span>on, a<span class=\"_ _0\"></span>n alloc<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n is mad<span class=\"_ _0\"></span>e to the disp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d busine<span class=\"_ _0\"></span>ss and inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>d in de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ining th<span class=\"_ _0\"></span>e prof<span class=\"_ _0\"></span>it or l<span class=\"_ _0\"></span>oss ar<span class=\"_ _0\"></span>ising on d<span class=\"_ _0\"></span>ispos<span class=\"_ _0\"></span>al. T<span class=\"_ _0\"></span>he allo<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on of go<span class=\"_ _0\"></span>odwil<span class=\"_ _0\"></span>l to the disp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d busine<span class=\"_ _0\"></span>ss is de<span class=\"_ _0\"></span>termin<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n the bas<span class=\"_ _0\"></span>is of the fai<span class=\"_ _0\"></span>r value of th<span class=\"_ _0\"></span>e dispo<span class=\"_ _0\"></span>sed bu<span class=\"_ _0\"></span>sines<span class=\"_ _0\"></span>s relati<span class=\"_ _0\"></span>ve to the fair val<span class=\"_ _0\"></span>ue of the p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion of th<span class=\"_ _0\"></span>e CGU re<span class=\"_ _0\"></span>taine<span class=\"_ _0\"></span>d. Fair v<span class=\"_ _0\"></span>alue of th<span class=\"_ _0\"></span>e dispos<span class=\"_ _0\"></span>ed bu<span class=\"_ _0\"></span>siness i<span class=\"_ _0\"></span>s based o<span class=\"_ _0\"></span>n the dis<span class=\"_ _0\"></span>posa<span class=\"_ _0\"></span>l consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n and fair val<span class=\"_ _0\"></span>ue of the p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion of th<span class=\"_ _0\"></span>e CGU re<span class=\"_ _0\"></span>taine<span class=\"_ _0\"></span>d is dete<span class=\"_ _0\"></span>rmin<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n a value in us<span class=\"_ _0\"></span>e basis.<span class=\"_ _363\"> </span>Intangible Asse<span class=\"_ _2\"></span>ts (<span class=\"_ _2\"></span>Computer Software<span class=\"_ _2\"></span>)<span class=\"_ _363\"> </span>Acqui<span class=\"_ _0\"></span>red c<span class=\"_ _0\"></span>ompu<span class=\"_ _0\"></span>ter sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ware, in<span class=\"_ _0\"></span>cludin<span class=\"_ _0\"></span>g co<span class=\"_ _0\"></span>mpute<span class=\"_ _0\"></span>r sof<span class=\"_ _0\"></span>tware w<span class=\"_ _0\"></span>hich is n<span class=\"_ _0\"></span>ot an integr<span class=\"_ _0\"></span>ated par<span class=\"_ _3\"></span>t of an item of co<span class=\"_ _0\"></span>mpute<span class=\"_ _0\"></span>r hardware<span class=\"_ _0\"></span>, is stated at c<span class=\"_ _0\"></span>ost l<span class=\"_ _0\"></span>ess any<span class=\"_ _0\"></span> accu<span class=\"_ _0\"></span>mulated a<span class=\"_ _0\"></span>mor<span class=\"_ _3\"></span>tisati<span class=\"_ _0\"></span>on and any a<span class=\"_ _0\"></span>ccum<span class=\"_ _0\"></span>ulated im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>ment l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s. Co<span class=\"_ _0\"></span>st co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ises of pur<span class=\"_ _0\"></span>chase p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>e and any oth<span class=\"_ _0\"></span>er dire<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ly at<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>but<span class=\"_ _0\"></span>able c<span class=\"_ _0\"></span>osts<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Co<span class=\"_ _0\"></span>mpute<span class=\"_ _0\"></span>r sof<span class=\"_ _0\"></span>twar<span class=\"_ _0\"></span>e is rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed if i<span class=\"_ _0\"></span>t mee<span class=\"_ _0\"></span>ts the fo<span class=\"_ _0\"></span>llowing c<span class=\"_ _0\"></span>rite<span class=\"_ _0\"></span>ria:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">A<span class=\"_ _0\"></span>n asset c<span class=\"_ _0\"></span>an be s<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>ately ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d;<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">It is pro<span class=\"_ _0\"></span>babl<span class=\"_ _0\"></span>e that t<span class=\"_ _0\"></span>he asse<span class=\"_ _0\"></span>t created wi<span class=\"_ _0\"></span>ll gen<span class=\"_ _0\"></span>erate fu<span class=\"_ _0\"></span>ture e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts;<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>e deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>ment c<span class=\"_ _0\"></span>ost of th<span class=\"_ _0\"></span>e asset c<span class=\"_ _0\"></span>an be m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>d reliab<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>;<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>mple<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>nd imp<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>entati<span class=\"_ _0\"></span>on of th<span class=\"_ _0\"></span>e asset is te<span class=\"_ _0\"></span>chni<span class=\"_ _0\"></span>cally fe<span class=\"_ _0\"></span>asible;<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">It is pro<span class=\"_ _0\"></span>babl<span class=\"_ _0\"></span>e that t<span class=\"_ _0\"></span>he exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted fu<span class=\"_ _0\"></span>ture e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts that are at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le to the ass<span class=\"_ _0\"></span>et will f<span class=\"_ _0\"></span>low to the e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>; and<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t of the ass<span class=\"_ _0\"></span>et can b<span class=\"_ _0\"></span>e meas<span class=\"_ _0\"></span>ured re<span class=\"_ _0\"></span>liabl<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span></span>1. <span class=\"_ _45\"> </span>Summary of Significant A<span class=\"_ _2\"></span>ccounting Policies<span class=\"ff85 ls9d ws54\"> continue<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>Intangible Asse<span class=\"_ _2\"></span>ts (<span class=\"_ _2\"></span>other than Goodwill and Computer<span class=\"_ _2\"></span> Sof<span class=\"_ _0\"></span>tware<span class=\"_ _2\"></span>)<span class=\"_ _363\"> </span>Cos<span class=\"_ _0\"></span>ts relat<span class=\"_ _0\"></span>ing to the d<span class=\"_ _0\"></span>evelo<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt of com<span class=\"_ _0\"></span>puter s<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>tware fo<span class=\"_ _0\"></span>r interna<span class=\"_ _0\"></span>l use are c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>alised o<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e the re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gniti<span class=\"_ _0\"></span>on cr<span class=\"_ _0\"></span>iter<span class=\"_ _0\"></span>ia ou<span class=\"_ _0\"></span>tline<span class=\"_ _0\"></span>d above are m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Co<span class=\"_ _0\"></span>mpute<span class=\"_ _0\"></span>r sof<span class=\"_ _0\"></span>twar<span class=\"_ _0\"></span>e is amor<span class=\"_ _3\"></span>tise<span class=\"_ _0\"></span>d over its e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cted u<span class=\"_ _0\"></span>seful li<span class=\"_ _0\"></span>fe, whic<span class=\"_ _0\"></span>h rang<span class=\"_ _0\"></span>es fro<span class=\"_ _0\"></span>m 4 to 1<span class=\"_ _2\"></span>0 year<span class=\"_ _0\"></span>s, by ch<span class=\"_ _0\"></span>arging e<span class=\"_ _0\"></span>qual in<span class=\"_ _0\"></span>stalm<span class=\"_ _0\"></span>ents to th<span class=\"_ _0\"></span>e inco<span class=\"_ _0\"></span>me statem<span class=\"_ _0\"></span>ent fro<span class=\"_ _0\"></span>m the d<span class=\"_ _0\"></span>ate the asse<span class=\"_ _0\"></span>ts are rea<span class=\"_ _0\"></span>dy for us<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>An int<span class=\"_ _0\"></span>angib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>t, ot<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>han go<span class=\"_ _0\"></span>odwi<span class=\"_ _0\"></span>ll and co<span class=\"_ _0\"></span>mpu<span class=\"_ _0\"></span>ter sof<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ware, is re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d to the ex<span class=\"_ _0\"></span>tent t<span class=\"_ _0\"></span>hat it is pro<span class=\"_ _0\"></span>babl<span class=\"_ _0\"></span>e that th<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted fu<span class=\"_ _0\"></span>ture e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>omic<span class=\"_ _0\"></span> ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts at<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>but<span class=\"_ _0\"></span>able to th<span class=\"_ _0\"></span>e asset wi<span class=\"_ _0\"></span>ll fl<span class=\"_ _0\"></span>ow to the Grou<span class=\"_ _0\"></span>p and th<span class=\"_ _0\"></span>at its fair va<span class=\"_ _0\"></span>lue ca<span class=\"_ _0\"></span>n be me<span class=\"_ _0\"></span>asured<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e asset is d<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d to be ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>iabl<span class=\"_ _0\"></span>e when i<span class=\"_ _0\"></span>t is sepa<span class=\"_ _0\"></span>rabl<span class=\"_ _0\"></span>e (i<span class=\"_ _0\"></span>.e. cap<span class=\"_ _0\"></span>able of be<span class=\"_ _0\"></span>ing div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d fro<span class=\"_ _0\"></span>m the e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>y and s<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>, transfe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d, lic<span class=\"_ _0\"></span>ens<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, rented or e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, eit<span class=\"_ _0\"></span>her in<span class=\"_ _0\"></span>divi<span class=\"_ _0\"></span>duall<span class=\"_ _0\"></span>y or toge<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r with a<span class=\"_ _0\"></span> related c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>, asse<span class=\"_ _0\"></span>t or liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y) or whe<span class=\"_ _0\"></span>n it ar<span class=\"_ _0\"></span>ises f<span class=\"_ _0\"></span>rom co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ctual o<span class=\"_ _0\"></span>r othe<span class=\"_ _0\"></span>r leg<span class=\"_ _0\"></span>al right<span class=\"_ _0\"></span>s, re<span class=\"_ _0\"></span>gardle<span class=\"_ _0\"></span>ss of whe<span class=\"_ _0\"></span>ther t<span class=\"_ _0\"></span>hos<span class=\"_ _0\"></span>e right<span class=\"_ _0\"></span>s are tra<span class=\"_ _0\"></span>nsferab<span class=\"_ _0\"></span>le or sepa<span class=\"_ _0\"></span>rabl<span class=\"_ _0\"></span>e from t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up or fr<span class=\"_ _0\"></span>om othe<span class=\"_ _0\"></span>r rig<span class=\"_ _0\"></span>hts and o<span class=\"_ _0\"></span>bligati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>ets ac<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d as par<span class=\"_ _0\"></span>t of a busi<span class=\"_ _0\"></span>ness c<span class=\"_ _0\"></span>omb<span class=\"_ _0\"></span>inatio<span class=\"_ _0\"></span>n are ca<span class=\"_ _0\"></span>pita<span class=\"_ _0\"></span>lised s<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>ately fro<span class=\"_ _0\"></span>m go<span class=\"_ _0\"></span>odwill at fa<span class=\"_ _0\"></span>ir value o<span class=\"_ _0\"></span>n the d<span class=\"_ _0\"></span>ate of acquisit<span class=\"_ _0\"></span>ion if t<span class=\"_ _0\"></span>he intang<span class=\"_ _0\"></span>ible as<span class=\"_ _0\"></span>set me<span class=\"_ _0\"></span>ets t<span class=\"_ _0\"></span>he def<span class=\"_ _0\"></span>ini<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of an asset a<span class=\"_ _0\"></span>nd the fa<span class=\"_ _0\"></span>ir value c<span class=\"_ _0\"></span>an be re<span class=\"_ _0\"></span>liabl<span class=\"_ _0\"></span>y measu<span class=\"_ _0\"></span>red.<span class=\"_ _363\"> </span>Intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>ets are c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d at cos<span class=\"_ _0\"></span>t less a<span class=\"_ _0\"></span>ny accu<span class=\"_ _0\"></span>mulated am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isatio<span class=\"_ _0\"></span>n and any ac<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>ulated im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>ment lo<span class=\"_ _0\"></span>sses<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing valu<span class=\"_ _0\"></span>e of intangi<span class=\"_ _0\"></span>ble asset<span class=\"_ _0\"></span>s is revie<span class=\"_ _0\"></span>wed for im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>ment at e<span class=\"_ _0\"></span>ach rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing date and is a<span class=\"_ _0\"></span>lso subje<span class=\"_ _0\"></span>ct to im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>ment test<span class=\"_ _0\"></span>ing wh<span class=\"_ _0\"></span>en event<span class=\"_ _0\"></span>s or cha<span class=\"_ _0\"></span>nges i<span class=\"_ _0\"></span>n circu<span class=\"_ _0\"></span>mstan<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span> indic<span class=\"_ _0\"></span>ate that th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng value<span class=\"_ _0\"></span>s may not be re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>rabl<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>ets are a<span class=\"_ _0\"></span>mor<span class=\"_ _3\"></span>tised o<span class=\"_ _0\"></span>n a stra<span class=\"_ _0\"></span>ight-<span class=\"_ _0\"></span>line basis<span class=\"_ _0\"></span>. In ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al, f<span class=\"_ _0\"></span>inite life int<span class=\"_ _0\"></span>angibl<span class=\"_ _0\"></span>e asset<span class=\"_ _0\"></span>s are amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed over p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ods r<span class=\"_ _0\"></span>anging f<span class=\"_ _0\"></span>rom o<span class=\"_ _0\"></span>ne to twe<span class=\"_ _0\"></span>nty ye<span class=\"_ _0\"></span>ars<span class=\"_ _0\"></span>, dep<span class=\"_ _0\"></span>endi<span class=\"_ _0\"></span>ng on th<span class=\"_ _0\"></span>e nature of th<span class=\"_ _0\"></span>e intan<span class=\"_ _0\"></span>gible as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Property<span class=\"_ _2\"></span>, Plant and<span class=\"_ _2\"></span> Equipment<span class=\"_ _363\"> </span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>ent are s<span class=\"_ _0\"></span>tated at co<span class=\"_ _0\"></span>st or d<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>med c<span class=\"_ _0\"></span>ost l<span class=\"_ _0\"></span>ess ac<span class=\"_ _0\"></span>cumu<span class=\"_ _0\"></span>lated de<span class=\"_ _0\"></span>prec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n and im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>ment l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p\u2019s free<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>d prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies in Ire<span class=\"_ _0\"></span>land were re<span class=\"_ _0\"></span>value<span class=\"_ _0\"></span>d to fair valu<span class=\"_ _0\"></span>e in 1<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>98 a<span class=\"_ _0\"></span>nd are me<span class=\"_ _0\"></span>asured o<span class=\"_ _0\"></span>n the b<span class=\"_ _0\"></span>asis of de<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>t bein<span class=\"_ _0\"></span>g the re<span class=\"_ _0\"></span>value<span class=\"_ _0\"></span>d amo<span class=\"_ _0\"></span>unt at the d<span class=\"_ _0\"></span>ate <span class=\"ls2\"> </span>of that revalu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n less ac<span class=\"_ _0\"></span>cum<span class=\"_ _0\"></span>ulated de<span class=\"_ _0\"></span>pre<span class=\"_ _0\"></span>ciati<span class=\"_ _0\"></span>on. T<span class=\"_ _0\"></span>he val<span class=\"_ _0\"></span>uatio<span class=\"_ _0\"></span>ns were de<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ed to be c<span class=\"_ _0\"></span>ost for t<span class=\"_ _0\"></span>he pur<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>ses of tra<span class=\"_ _0\"></span>nsiti<span class=\"_ _0\"></span>on to IFR<span class=\"_ _0\"></span>S as adopte<span class=\"_ _0\"></span>d <span class=\"ls2\"> </span>by the E<span class=\"_ _0\"></span>U.<span class=\"_ _363\"> </span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>ent are d<span class=\"_ _0\"></span>epre<span class=\"_ _0\"></span>ciated ove<span class=\"_ _0\"></span>r the<span class=\"_ _0\"></span>ir usef<span class=\"_ _0\"></span>ul ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic life o<span class=\"_ _0\"></span>n a stra<span class=\"_ _0\"></span>ight line b<span class=\"_ _0\"></span>asis at the fo<span class=\"_ _0\"></span>llowing r<span class=\"_ _0\"></span>ates: Freehold buildings<span class=\"_ _1ce\"> </span><span class=\"ls0 ws0\">50 \u2013 100 years<span class=\"_ _363\"> </span></span>Freeh<span class=\"_ _0\"></span>old la<span class=\"_ _0\"></span>nd<span class=\"_ _1cf\"> </span>Not de<span class=\"_ _0\"></span>prec<span class=\"_ _0\"></span>iated<span class=\"_ _363\"> </span>Leasehold buildings<span class=\"_ _1d0\"> </span><span class=\"ls0 ws0\">Lease ter<span class=\"_ _0\"></span>m or up to 100 years<span class=\"_ _363\"> </span></span>Plant and machinery<span class=\"_ _1d1\"> </span><span class=\"ls0 ws0\">5 \u2013 20 year<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span></span>Mot<span class=\"_ _2\"></span>or vehicles<span class=\"_ _1d2\"> </span><span class=\"ls0 ws0\">5 \u2013 1<span class=\"_ _2\"></span>0 yea<span class=\"_ _0\"></span>rs<span class=\"_ _363\"> </span></span>Plant hire e<span class=\"_ _0\"></span>quip<span class=\"_ _0\"></span>ment<span class=\"_ _1d3\"> </span>4 \u2013 1<span class=\"_ _2\"></span>0 yea<span class=\"_ _0\"></span>rs<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e residu<span class=\"_ _0\"></span>al value an<span class=\"_ _0\"></span>d usef<span class=\"_ _0\"></span>ul lives of pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ty, plant and e<span class=\"_ _0\"></span>quip<span class=\"_ _0\"></span>ment are re<span class=\"_ _0\"></span>viewe<span class=\"_ _0\"></span>d and ad<span class=\"_ _0\"></span>justed if a<span class=\"_ _0\"></span>ppro<span class=\"_ _0\"></span>priate at ea<span class=\"_ _0\"></span>ch bala<span class=\"_ _0\"></span>nce s<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t date.<span class=\"_ _363\"> </span>On disp<span class=\"_ _0\"></span>osal of pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _4\"></span>, plant an<span class=\"_ _0\"></span>d equi<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt, th<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t and rel<span class=\"_ _0\"></span>ated acc<span class=\"_ _0\"></span>umulate<span class=\"_ _0\"></span>d dep<span class=\"_ _0\"></span>reci<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n and imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ents are re<span class=\"_ _0\"></span>move<span class=\"_ _0\"></span>d from t<span class=\"_ _0\"></span>he bala<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>she<span class=\"_ _0\"></span>et and t<span class=\"_ _0\"></span>he ne<span class=\"_ _0\"></span>t amou<span class=\"_ _0\"></span>nt, l<span class=\"_ _0\"></span>ess any pro<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>s, is ta<span class=\"_ _0\"></span>ken to the inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g amo<span class=\"_ _0\"></span>unts of the G<span class=\"_ _0\"></span>roup\u2019s pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ty, plant and e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>ent are re<span class=\"_ _0\"></span>viewe<span class=\"_ _0\"></span>d at eac<span class=\"_ _0\"></span>h balanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et d<span class=\"_ _0\"></span>ate to determi<span class=\"_ _0\"></span>ne whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r the<span class=\"_ _0\"></span>re is any indic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt. A<span class=\"_ _0\"></span>n impa<span class=\"_ _0\"></span>irm<span class=\"_ _0\"></span>ent los<span class=\"_ _0\"></span>s is rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed wh<span class=\"_ _0\"></span>eneve<span class=\"_ _0\"></span>r the c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g amou<span class=\"_ _0\"></span>nt of an asset o<span class=\"_ _0\"></span>r its c<span class=\"_ _0\"></span>ash ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ation u<span class=\"_ _0\"></span>nit exc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds its<span class=\"_ _0\"></span> rec<span class=\"_ _0\"></span>overab<span class=\"_ _0\"></span>le amo<span class=\"_ _0\"></span>unt. I<span class=\"_ _0\"></span>mpair<span class=\"_ _0\"></span>ment l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s are re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nised i<span class=\"_ _0\"></span>n the in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Cos<span class=\"_ _0\"></span>t incl<span class=\"_ _0\"></span>udes e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nditu<span class=\"_ _0\"></span>re that is dire<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ly at<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>but<span class=\"_ _0\"></span>able to th<span class=\"_ _0\"></span>e acquis<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n of the ass<span class=\"_ _0\"></span>et. S<span class=\"_ _0\"></span>ubse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>nt cos<span class=\"_ _0\"></span>ts are in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed in an as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>\u2019s car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing amo<span class=\"_ _0\"></span>unt <span class=\"ls2\"> </span>or re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nised as a s<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>ate asset<span class=\"_ _0\"></span>, as app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>iate, onl<span class=\"_ _0\"></span>y whe<span class=\"_ _0\"></span>n it is pro<span class=\"_ _0\"></span>babl<span class=\"_ _0\"></span>e that fu<span class=\"_ _0\"></span>ture e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts asso<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>d with t<span class=\"_ _0\"></span>he item will f<span class=\"_ _0\"></span>low to t<span class=\"_ _0\"></span>he Group a<span class=\"_ _0\"></span>nd the c<span class=\"_ _0\"></span>ost of re<span class=\"_ _0\"></span>placi<span class=\"_ _0\"></span>ng the i<span class=\"_ _0\"></span>tem can b<span class=\"_ _0\"></span>e relia<span class=\"_ _0\"></span>bly me<span class=\"_ _0\"></span>asure<span class=\"_ _0\"></span>d. Al<span class=\"_ _0\"></span>l other re<span class=\"_ _0\"></span>pair an<span class=\"_ _0\"></span>d maintena<span class=\"_ _0\"></span>nce c<span class=\"_ _0\"></span>osts a<span class=\"_ _0\"></span>re charg<span class=\"_ _0\"></span>ed to the i<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span> duri<span class=\"_ _0\"></span>ng the f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod in w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>hey are i<span class=\"_ _0\"></span>ncur<span class=\"_ _0\"></span>red<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Leases<span class=\"_ _363\"> </span>Identi<span class=\"_ _0\"></span>fication of Leases<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e ident<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on of leas<span class=\"_ _0\"></span>es involve<span class=\"_ _0\"></span>s judg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt as IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _2\"></span>6 def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>es a leas<span class=\"_ _0\"></span>e as a cont<span class=\"_ _0\"></span>ract (or par<span class=\"_ _3\"></span>t of a contr<span class=\"_ _0\"></span>act) th<span class=\"_ _0\"></span>at, for a p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod of tim<span class=\"_ _0\"></span>e in excha<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span> for co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n, c<span class=\"_ _0\"></span>onveys t<span class=\"_ _0\"></span>he rig<span class=\"_ _0\"></span>ht to:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Co<span class=\"_ _0\"></span>ntrol a<span class=\"_ _0\"></span>n ident<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ied as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>;<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Obt<span class=\"_ _0\"></span>ain subs<span class=\"_ _0\"></span>tantia<span class=\"_ _0\"></span>lly all e<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>c ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts fro<span class=\"_ _0\"></span>m use of the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>; and<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Dire<span class=\"_ _0\"></span>ct t<span class=\"_ _0\"></span>he use of th<span class=\"_ _0\"></span>e asset<span class=\"_ _363\"> </span></span>1. <span class=\"_ _45\"> </span>Summary of Significant A<span class=\"_ _2\"></span>ccounting Policies<span class=\"ff85 ls9d ws54\"> continue<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>Leases<span class=\"ff85\"> contin<span class=\"_ _0\"></span>ued<span class=\"_ _363\"> </span></span>L<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>e<span class=\"_ _3\"></span> Te<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>m<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e lease ter<span class=\"_ _0\"></span>m is th<span class=\"_ _0\"></span>e non<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>canc<span class=\"_ _0\"></span>ellab<span class=\"_ _0\"></span>le pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d for whic<span class=\"_ _0\"></span>h the G<span class=\"_ _0\"></span>roup has t<span class=\"_ _0\"></span>he ri<span class=\"_ _0\"></span>ght to use an un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing asse<span class=\"_ _0\"></span>t toget<span class=\"_ _0\"></span>her w<span class=\"_ _0\"></span>ith:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Per<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>s covere<span class=\"_ _0\"></span>d by an opti<span class=\"_ _0\"></span>on to ex<span class=\"_ _0\"></span>tend t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>ase if th<span class=\"_ _0\"></span>e Group is re<span class=\"_ _0\"></span>asona<span class=\"_ _0\"></span>bly c<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain to exercis<span class=\"_ _0\"></span>e that opt<span class=\"_ _0\"></span>ion; an<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Per<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>s covere<span class=\"_ _0\"></span>d by an opti<span class=\"_ _0\"></span>on to term<span class=\"_ _0\"></span>inate the l<span class=\"_ _0\"></span>ease if t<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p is reaso<span class=\"_ _0\"></span>nably c<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>tain not to exerc<span class=\"_ _0\"></span>ise that o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>his asses<span class=\"_ _0\"></span>sme<span class=\"_ _0\"></span>nt involves<span class=\"_ _0\"></span> <span class=\"ls2\"> </span></span>the e<span class=\"_ _0\"></span>xercise of jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent by th<span class=\"_ _0\"></span>e Group.<span class=\"_ _363\"> </span>Initial Measurement of<span class=\"_ _2\"></span> Lease Liability<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e lease li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>y is ini<span class=\"_ _0\"></span>tiall<span class=\"_ _0\"></span>y measu<span class=\"_ _0\"></span>red at th<span class=\"_ _0\"></span>e prese<span class=\"_ _0\"></span>nt value of t<span class=\"_ _0\"></span>he leas<span class=\"_ _0\"></span>e paym<span class=\"_ _0\"></span>ents th<span class=\"_ _0\"></span>at are payabl<span class=\"_ _0\"></span>e for th<span class=\"_ _0\"></span>e lease ter<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>, disco<span class=\"_ _0\"></span>unted usin<span class=\"_ _0\"></span>g the<span class=\"_ _0\"></span> incre<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>al bo<span class=\"_ _0\"></span>rrowin<span class=\"_ _0\"></span>g rate.<span class=\"_ _363\"> </span>Lease pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d in the m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>ment of th<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>ty c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>prise<span class=\"_ _0\"></span>:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Fixe<span class=\"_ _0\"></span>d lease p<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nts (<span class=\"_ _0\"></span>inclu<span class=\"_ _0\"></span>ding in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>sub<span class=\"_ _0\"></span>stan<span class=\"_ _0\"></span>ce f<span class=\"_ _0\"></span>ixed pay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s);<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Variabl<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>e paym<span class=\"_ _0\"></span>ents th<span class=\"_ _0\"></span>at dep<span class=\"_ _0\"></span>end o<span class=\"_ _0\"></span>n an inde<span class=\"_ _0\"></span>x or rate, in<span class=\"_ _0\"></span>itiall<span class=\"_ _0\"></span>y meas<span class=\"_ _0\"></span>ured usi<span class=\"_ _0\"></span>ng the i<span class=\"_ _0\"></span>ndex o<span class=\"_ _0\"></span>r rate at the c<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent date;<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to be payab<span class=\"_ _0\"></span>le by the l<span class=\"_ _0\"></span>esse<span class=\"_ _0\"></span>e un<span class=\"_ _0\"></span>der res<span class=\"_ _0\"></span>idual val<span class=\"_ _0\"></span>ue gua<span class=\"_ _0\"></span>rantee<span class=\"_ _0\"></span>s (e.g. if the fair v<span class=\"_ _0\"></span>alue of th<span class=\"_ _0\"></span>e asset at t<span class=\"_ _0\"></span>he en<span class=\"_ _0\"></span>d of the leas<span class=\"_ _0\"></span>e term<span class=\"_ _0\"></span> <span class=\"ls2\"> </span></span>is bel<span class=\"_ _0\"></span>ow an agre<span class=\"_ _0\"></span>ed am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e less<span class=\"_ _0\"></span>ee wou<span class=\"_ _0\"></span>ld pay to the le<span class=\"_ _0\"></span>sso<span class=\"_ _0\"></span>r an amo<span class=\"_ _0\"></span>unt equ<span class=\"_ _0\"></span>al to the dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the fa<span class=\"_ _0\"></span>ir value an<span class=\"_ _0\"></span>d agre<span class=\"_ _0\"></span>ed am<span class=\"_ _0\"></span>ount);<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>e exercis<span class=\"_ _0\"></span>e pri<span class=\"_ _0\"></span>ce of purc<span class=\"_ _0\"></span>hase o<span class=\"_ _0\"></span>ptions<span class=\"_ _0\"></span>, if th<span class=\"_ _0\"></span>e less<span class=\"_ _0\"></span>ee is re<span class=\"_ _0\"></span>asona<span class=\"_ _0\"></span>bly c<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in to exercise t<span class=\"_ _0\"></span>he opt<span class=\"_ _0\"></span>ions; an<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">paym<span class=\"_ _0\"></span>ents of pe<span class=\"_ _0\"></span>nalt<span class=\"_ _0\"></span>ies for ter<span class=\"_ _0\"></span>minat<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>e, if th<span class=\"_ _0\"></span>e lease ter<span class=\"_ _0\"></span>m ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts th<span class=\"_ _0\"></span>e exercis<span class=\"_ _0\"></span>e of an opti<span class=\"_ _0\"></span>on to termi<span class=\"_ _0\"></span>nate the le<span class=\"_ _0\"></span>ase.<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e lease li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>y d<span class=\"_ _0\"></span>oes n<span class=\"_ _0\"></span>ot inclu<span class=\"_ _0\"></span>de var<span class=\"_ _0\"></span>iabl<span class=\"_ _0\"></span>e ele<span class=\"_ _0\"></span>ments w<span class=\"_ _0\"></span>hich ar<span class=\"_ _0\"></span>e dep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ent on e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ternal fa<span class=\"_ _0\"></span>ctors<span class=\"_ _0\"></span>, e.g. p<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nts that a<span class=\"_ _0\"></span>re base<span class=\"_ _0\"></span>d on tur<span class=\"_ _0\"></span>nover. Instead, such va<span class=\"_ _0\"></span>riab<span class=\"_ _0\"></span>le el<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nts are re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d direc<span class=\"_ _0\"></span>tly in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent.<span class=\"_ _363\"> </span>Judg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nts app<span class=\"_ _0\"></span>lied i<span class=\"_ _0\"></span>nclu<span class=\"_ _0\"></span>de de<span class=\"_ _0\"></span>termin<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e lease ter<span class=\"_ _0\"></span>m for t<span class=\"_ _0\"></span>hose l<span class=\"_ _0\"></span>eases wi<span class=\"_ _0\"></span>th ter<span class=\"_ _0\"></span>minati<span class=\"_ _0\"></span>on or e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>tensio<span class=\"_ _0\"></span>n optio<span class=\"_ _0\"></span>ns and t<span class=\"_ _0\"></span>he disc<span class=\"_ _0\"></span>ount rate us<span class=\"_ _0\"></span>ed whi<span class=\"_ _0\"></span>ch <span class=\"ls2\"> </span>is base<span class=\"_ _0\"></span>d on inc<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>ntal b<span class=\"_ _0\"></span>orr<span class=\"_ _0\"></span>owing rate. Su<span class=\"_ _0\"></span>ch jud<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ents c<span class=\"_ _0\"></span>ould i<span class=\"_ _0\"></span>mpac<span class=\"_ _0\"></span>t the le<span class=\"_ _0\"></span>ase ter<span class=\"_ _0\"></span>m and sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>icant<span class=\"_ _0\"></span>ly th<span class=\"_ _0\"></span>e result<span class=\"_ _0\"></span>ant lea<span class=\"_ _0\"></span>se liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and ri<span class=\"_ _0\"></span>ght-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>use asset recognised.<span class=\"_ _363\"> </span>Whe<span class=\"_ _0\"></span>re a leas<span class=\"_ _0\"></span>e agre<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt cont<span class=\"_ _0\"></span>ains a cla<span class=\"_ _0\"></span>use to restore t<span class=\"_ _0\"></span>he asse<span class=\"_ _0\"></span>t to a spe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>ied c<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n i.e. dil<span class=\"_ _0\"></span>apidat<span class=\"_ _0\"></span>ion c<span class=\"_ _0\"></span>osts<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>roup re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>s a provisi<span class=\"_ _0\"></span>on for dilapi<span class=\"_ _0\"></span>datio<span class=\"_ _0\"></span>ns unde<span class=\"_ _0\"></span>r IA<span class=\"_ _0\"></span>S 37 in i<span class=\"_ _0\"></span>ts bala<span class=\"_ _0\"></span>nce sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t.<span class=\"_ _363\"> </span>Initial Measurement of<span class=\"_ _2\"></span> Right-of-Use Asse<span class=\"_ _2\"></span>t<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e right-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e asset c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>s the am<span class=\"_ _0\"></span>ount of th<span class=\"_ _0\"></span>e init<span class=\"_ _0\"></span>ial measu<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nt of the l<span class=\"_ _0\"></span>ease liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y, adjusted for<span class=\"_ _0\"></span>:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">A<span class=\"_ _0\"></span>ny lease pay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s made at o<span class=\"_ _0\"></span>r before t<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt date, les<span class=\"_ _0\"></span>s any lease i<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>ntives; a<span class=\"_ _0\"></span>nd<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">A<span class=\"_ _0\"></span>ny initial d<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>t cos<span class=\"_ _0\"></span>ts incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d by the Gro<span class=\"_ _0\"></span>up.<span class=\"_ _363\"> </span></span>In addi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>, whe<span class=\"_ _0\"></span>re the G<span class=\"_ _0\"></span>roup sub<span class=\"_ _0\"></span>lease<span class=\"_ _0\"></span>s a head<span class=\"_ _0\"></span>lease (or par<span class=\"_ _3\"></span>t there<span class=\"_ _0\"></span>of<span class=\"_ _3\"></span>) to a third par<span class=\"_ _3\"></span>ty an<span class=\"_ _0\"></span>d such s<span class=\"_ _0\"></span>uble<span class=\"_ _0\"></span>ase is de<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ed by the G<span class=\"_ _0\"></span>roup to be a f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span> suble<span class=\"_ _0\"></span>ase, t<span class=\"_ _0\"></span>he rig<span class=\"_ _0\"></span>ht-<span class=\"_ _0\"></span>of-u<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>t relatin<span class=\"_ _0\"></span>g to suble<span class=\"_ _0\"></span>ase is de<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed and a f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nce l<span class=\"_ _0\"></span>ease re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>e is rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed.<span class=\"_ _363\"> </span>Subsequent Measurement<span class=\"_ _2\"></span> of Lease Liability<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e lease li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>y is su<span class=\"_ _0\"></span>bseq<span class=\"_ _0\"></span>uentl<span class=\"_ _0\"></span>y meas<span class=\"_ _0\"></span>ured by in<span class=\"_ _0\"></span>creasin<span class=\"_ _0\"></span>g the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying am<span class=\"_ _0\"></span>ount to ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct intere<span class=\"_ _0\"></span>st on th<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>ty (using th<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive intere<span class=\"_ _0\"></span>st met<span class=\"_ _0\"></span>hod<span class=\"_ _0\"></span>) and by re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng amo<span class=\"_ _0\"></span>unt to refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t the l<span class=\"_ _0\"></span>ease pay<span class=\"_ _0\"></span>ments m<span class=\"_ _0\"></span>ade.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group re<span class=\"_ _0\"></span>measu<span class=\"_ _0\"></span>res th<span class=\"_ _0\"></span>e lease li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>y (and makes a c<span class=\"_ _0\"></span>orre<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>nding a<span class=\"_ _0\"></span>djustm<span class=\"_ _0\"></span>ent to th<span class=\"_ _0\"></span>e related r<span class=\"_ _0\"></span>ight-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>use as<span class=\"_ _0\"></span>set) whe<span class=\"_ _0\"></span>neve<span class=\"_ _0\"></span>r:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>e term has c<span class=\"_ _0\"></span>hang<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>r ther<span class=\"_ _0\"></span>e is a chang<span class=\"_ _0\"></span>e in th<span class=\"_ _0\"></span>e asses<span class=\"_ _0\"></span>sment of e<span class=\"_ _0\"></span>xercise of a pur<span class=\"_ _0\"></span>chase o<span class=\"_ _0\"></span>ption<span class=\"_ _0\"></span>, in whi<span class=\"_ _0\"></span>ch cas<span class=\"_ _0\"></span>e the l<span class=\"_ _0\"></span>ease lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y is </span>reme<span class=\"_ _0\"></span>asured by dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nting t<span class=\"_ _0\"></span>he revis<span class=\"_ _0\"></span>ed le<span class=\"_ _0\"></span>ase pay<span class=\"_ _0\"></span>ments u<span class=\"_ _0\"></span>sing a rev<span class=\"_ _0\"></span>ised dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt rate;<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>e payme<span class=\"_ _0\"></span>nts ch<span class=\"_ _0\"></span>ange d<span class=\"_ _0\"></span>ue to chan<span class=\"_ _0\"></span>ges in an i<span class=\"_ _0\"></span>ndex o<span class=\"_ _0\"></span>r rate or a ch<span class=\"_ _0\"></span>ange i<span class=\"_ _0\"></span>n exp<span class=\"_ _0\"></span>ecte<span class=\"_ _0\"></span>d paym<span class=\"_ _0\"></span>ent und<span class=\"_ _0\"></span>er a gu<span class=\"_ _0\"></span>arante<span class=\"_ _0\"></span>ed resi<span class=\"_ _0\"></span>dual valu<span class=\"_ _0\"></span>e, in whi<span class=\"_ _0\"></span>ch </span>case<span class=\"_ _0\"></span>s the le<span class=\"_ _0\"></span>ase liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y is rem<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>d by disco<span class=\"_ _0\"></span>unting t<span class=\"_ _0\"></span>he rev<span class=\"_ _0\"></span>ised l<span class=\"_ _0\"></span>ease pay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s using t<span class=\"_ _0\"></span>he init<span class=\"_ _0\"></span>ial disc<span class=\"_ _0\"></span>ount r<span class=\"_ _0\"></span>ate (<span class=\"_ _2\"></span>un<span class=\"_ _0\"></span>less t<span class=\"_ _0\"></span>he lea<span class=\"_ _0\"></span>se paym<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span> chan<span class=\"_ _0\"></span>ge is du<span class=\"_ _0\"></span>e to a chang<span class=\"_ _0\"></span>e in a fl<span class=\"_ _0\"></span>oatin<span class=\"_ _0\"></span>g interest r<span class=\"_ _0\"></span>ate, in whic<span class=\"_ _0\"></span>h case a re<span class=\"_ _0\"></span>vise<span class=\"_ _0\"></span>d disco<span class=\"_ _0\"></span>unt rate is use<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>); and<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">A leas<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t is modi<span class=\"_ _0\"></span>fie<span class=\"_ _0\"></span>d and t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>ase mod<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on is not ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unted for as a se<span class=\"_ _0\"></span>par<span class=\"_ _0\"></span>ate lease, in w<span class=\"_ _0\"></span>hich c<span class=\"_ _0\"></span>ase th<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>ty is re<span class=\"_ _0\"></span>meas<span class=\"_ _0\"></span>ured <span class=\"ls2\"> </span></span>by disco<span class=\"_ _0\"></span>unting t<span class=\"_ _0\"></span>he rev<span class=\"_ _0\"></span>ised l<span class=\"_ _0\"></span>ease pay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s using a rev<span class=\"_ _0\"></span>ised d<span class=\"_ _0\"></span>isco<span class=\"_ _0\"></span>unt rate.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group di<span class=\"_ _0\"></span>d not make any mater<span class=\"_ _0\"></span>ial adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ents ou<span class=\"_ _0\"></span>tline<span class=\"_ _0\"></span>d above d<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ods pre<span class=\"_ _0\"></span>sente<span class=\"_ _0\"></span>d.<span class=\"_ _363\"> </span>Subsequent Measurement<span class=\"_ _2\"></span> of Right-of-Use A<span class=\"_ _4\"></span>sset<span class=\"_ _363\"> </span>Af<span class=\"_ _0\"></span>ter ini<span class=\"_ _0\"></span>tial me<span class=\"_ _0\"></span>asurem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, the r<span class=\"_ _0\"></span>ight-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>use as<span class=\"_ _0\"></span>sets ar<span class=\"_ _0\"></span>e measure<span class=\"_ _0\"></span>d at co<span class=\"_ _0\"></span>st les<span class=\"_ _0\"></span>s accu<span class=\"_ _0\"></span>mulated d<span class=\"_ _0\"></span>epre<span class=\"_ _0\"></span>ciat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, adjus<span class=\"_ _0\"></span>ted for<span class=\"_ _0\"></span>:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">A<span class=\"_ _0\"></span>ny impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt losse<span class=\"_ _0\"></span>s in acc<span class=\"_ _0\"></span>ord<span class=\"_ _0\"></span>ance w<span class=\"_ _0\"></span>ith I<span class=\"_ _0\"></span>AS 3<span class=\"_ _0\"></span>6 Impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of Asse<span class=\"_ _0\"></span>ts; and<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">A<span class=\"_ _0\"></span>ny remeasu<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nt of the l<span class=\"_ _0\"></span>ease liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y.<span class=\"_ _363\"> </span></span>Right-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>use as<span class=\"_ _0\"></span>sets ar<span class=\"_ _0\"></span>e depr<span class=\"_ _0\"></span>eci<span class=\"_ _0\"></span>ated over th<span class=\"_ _0\"></span>e sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ter pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d of the le<span class=\"_ _0\"></span>ase ter<span class=\"_ _0\"></span>m and usef<span class=\"_ _0\"></span>ul life of the u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>rly<span class=\"_ _0\"></span>ing ass<span class=\"_ _0\"></span>et. If a l<span class=\"_ _0\"></span>ease t<span class=\"_ _0\"></span>ransfer<span class=\"_ _0\"></span>s owner<span class=\"_ _0\"></span>ship of the und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyin<span class=\"_ _0\"></span>g asset o<span class=\"_ _0\"></span>r the c<span class=\"_ _0\"></span>ost of th<span class=\"_ _0\"></span>e rig<span class=\"_ _0\"></span>ht-<span class=\"_ _0\"></span>of-u<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>t refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ts that t<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p exp<span class=\"_ _0\"></span>ect<span class=\"_ _0\"></span>s to exercise a p<span class=\"_ _0\"></span>urchas<span class=\"_ _0\"></span>e optio<span class=\"_ _0\"></span>n, t<span class=\"_ _0\"></span>he relate<span class=\"_ _0\"></span>d right-<span class=\"_ _3\"></span>of-use<span class=\"_ _0\"></span> asset is d<span class=\"_ _0\"></span>epre<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>d over th<span class=\"_ _0\"></span>e usefu<span class=\"_ _0\"></span>l life of the und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyin<span class=\"_ _0\"></span>g asset<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>1. <span class=\"_ _45\"> </span>Summary of Significant A<span class=\"_ _2\"></span>ccounting Policies<span class=\"ff85 ls9d ws54\"> continue<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>Leases<span class=\"ff85\"> contin<span class=\"_ _0\"></span>ued<span class=\"_ _363\"> </span></span>Lease modifications<span class=\"_ _363\"> </span>A lease m<span class=\"_ _0\"></span>odif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n is a chan<span class=\"_ _0\"></span>ge to the o<span class=\"_ _0\"></span>rigi<span class=\"_ _0\"></span>nal term<span class=\"_ _0\"></span>s and co<span class=\"_ _0\"></span>ndit<span class=\"_ _0\"></span>ions of t<span class=\"_ _0\"></span>he leas<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive date of the m<span class=\"_ _0\"></span>odif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation i<span class=\"_ _0\"></span>s dee<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d to be the d<span class=\"_ _0\"></span>ate when b<span class=\"_ _0\"></span>oth par<span class=\"_ _3\"></span>ties a<span class=\"_ _0\"></span>gree to a le<span class=\"_ _0\"></span>ase mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>icati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>A lease m<span class=\"_ _0\"></span>odif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n is acc<span class=\"_ _0\"></span>ounted fo<span class=\"_ _0\"></span>r as a sepa<span class=\"_ _0\"></span>rate lease i<span class=\"_ _0\"></span>f:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>e mod<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on inc<span class=\"_ _0\"></span>reases t<span class=\"_ _0\"></span>he sc<span class=\"_ _0\"></span>ope of t<span class=\"_ _0\"></span>he leas<span class=\"_ _0\"></span>e by adding t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ight to use on<span class=\"_ _0\"></span>e or mo<span class=\"_ _0\"></span>re und<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>ying as<span class=\"_ _0\"></span>sets; a<span class=\"_ _0\"></span>nd<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n for th<span class=\"_ _0\"></span>e lease in<span class=\"_ _0\"></span>creas<span class=\"_ _0\"></span>es by an amo<span class=\"_ _0\"></span>unt co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>nsurate wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e stan<span class=\"_ _0\"></span>dalon<span class=\"_ _0\"></span>e pri<span class=\"_ _0\"></span>ce for t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>rease in s<span class=\"_ _0\"></span>cop<span class=\"_ _0\"></span>e of the le<span class=\"_ _0\"></span>ase.<span class=\"_ _363\"> </span></span>If both c<span class=\"_ _0\"></span>riter<span class=\"_ _0\"></span>ia are m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up ad<span class=\"_ _0\"></span>opts th<span class=\"_ _0\"></span>e acc<span class=\"_ _0\"></span>ountin<span class=\"_ _0\"></span>g poli<span class=\"_ _0\"></span>cy on t<span class=\"_ _0\"></span>he ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on and m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>ment of l<span class=\"_ _0\"></span>ease liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es and <span class=\"ls2\"> </span>right-of-use assets. If a chan<span class=\"_ _0\"></span>ge in th<span class=\"_ _0\"></span>e leas<span class=\"_ _0\"></span>e terms d<span class=\"_ _0\"></span>oes n<span class=\"_ _0\"></span>ot me<span class=\"_ _0\"></span>et the tes<span class=\"_ _0\"></span>t out<span class=\"_ _0\"></span>line<span class=\"_ _0\"></span>d above, t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up must m<span class=\"_ _0\"></span>odif<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>he ini<span class=\"_ _0\"></span>tially r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>nent<span class=\"_ _0\"></span>s of the le<span class=\"_ _0\"></span>ase co<span class=\"_ _0\"></span>ntrac<span class=\"_ _0\"></span>t.<span class=\"_ _363\"> </span>Sublease Accoun<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>ing<span class=\"_ _363\"> </span>Whe<span class=\"_ _0\"></span>re the G<span class=\"_ _0\"></span>roup ac<span class=\"_ _0\"></span>ts as a les<span class=\"_ _0\"></span>sor, the subl<span class=\"_ _0\"></span>ease is cl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as a fin<span class=\"_ _0\"></span>ance l<span class=\"_ _0\"></span>ease o<span class=\"_ _0\"></span>r an ope<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g lease<span class=\"_ _0\"></span>. A lease is d<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d to be a fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>e lease w<span class=\"_ _0\"></span>here<span class=\"_ _0\"></span> the l<span class=\"_ _0\"></span>ease tr<span class=\"_ _0\"></span>ansfers su<span class=\"_ _0\"></span>bsta<span class=\"_ _0\"></span>ntially a<span class=\"_ _0\"></span>ll the r<span class=\"_ _0\"></span>isks and re<span class=\"_ _0\"></span>wards inc<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>ntal to the own<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>hip of the un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing asse<span class=\"_ _0\"></span>t. O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>wise<span class=\"_ _0\"></span>, the l<span class=\"_ _0\"></span>ease is d<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>med to be<span class=\"_ _0\"></span> an op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ng leas<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Whe<span class=\"_ _0\"></span>re the G<span class=\"_ _0\"></span>roup is an i<span class=\"_ _0\"></span>nterm<span class=\"_ _0\"></span>ediate le<span class=\"_ _0\"></span>ssor, it acc<span class=\"_ _0\"></span>ounts fo<span class=\"_ _0\"></span>r its intere<span class=\"_ _0\"></span>sts in th<span class=\"_ _0\"></span>e head l<span class=\"_ _0\"></span>ease an<span class=\"_ _0\"></span>d the su<span class=\"_ _0\"></span>bleas<span class=\"_ _0\"></span>e sepa<span class=\"_ _0\"></span>rately. The Gro<span class=\"_ _0\"></span>up asse<span class=\"_ _0\"></span>sses t<span class=\"_ _0\"></span>he le<span class=\"_ _0\"></span>ase classi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>catio<span class=\"_ _0\"></span>n of a suble<span class=\"_ _0\"></span>ase wit<span class=\"_ _0\"></span>h referen<span class=\"_ _0\"></span>ce to the r<span class=\"_ _0\"></span>ight-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>use a<span class=\"_ _0\"></span>sset ar<span class=\"_ _0\"></span>ising f<span class=\"_ _0\"></span>rom th<span class=\"_ _0\"></span>e head l<span class=\"_ _0\"></span>ease<span class=\"_ _0\"></span>, not with r<span class=\"_ _0\"></span>eferenc<span class=\"_ _0\"></span>e to the un<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing asse<span class=\"_ _0\"></span>t.<span class=\"_ _363\"> </span>If the h<span class=\"_ _0\"></span>ead le<span class=\"_ _0\"></span>ase is not a sh<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t ter<span class=\"_ _0\"></span>m leas<span class=\"_ _0\"></span>e or low<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>value l<span class=\"_ _0\"></span>ease and t<span class=\"_ _0\"></span>he sub<span class=\"_ _0\"></span>lease is d<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d to be a fin<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e lease<span class=\"_ _0\"></span>, the Gr<span class=\"_ _0\"></span>oup re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nises a l<span class=\"_ _0\"></span>ease lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y relatin<span class=\"_ _0\"></span>g to the he<span class=\"_ _0\"></span>ad leas<span class=\"_ _0\"></span>e but d<span class=\"_ _0\"></span>oes n<span class=\"_ _0\"></span>ot rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>e a cor<span class=\"_ _0\"></span>resp<span class=\"_ _0\"></span>ondi<span class=\"_ _0\"></span>ng rig<span class=\"_ _0\"></span>ht-<span class=\"_ _0\"></span>of-u<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>t. Instea<span class=\"_ _0\"></span>d, th<span class=\"_ _0\"></span>e Group re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>s a fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>e lease d<span class=\"_ _0\"></span>ebtor rel<span class=\"_ _0\"></span>ating<span class=\"_ _0\"></span> to the<span class=\"_ _2\"></span> sublease.<span class=\"_ _363\"> </span>Inv<span class=\"_ _2\"></span>estment Properties<span class=\"_ _363\"> </span>Investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ty is i<span class=\"_ _0\"></span>nitial<span class=\"_ _0\"></span>ly meas<span class=\"_ _0\"></span>ured at c<span class=\"_ _0\"></span>ost an<span class=\"_ _0\"></span>d subse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>ntly at fai<span class=\"_ _0\"></span>r value wi<span class=\"_ _0\"></span>th any cha<span class=\"_ _0\"></span>nge t<span class=\"_ _0\"></span>here<span class=\"_ _0\"></span>in rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in p<span class=\"_ _0\"></span>rofit o<span class=\"_ _0\"></span>r los<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>Any gai<span class=\"_ _0\"></span>n or los<span class=\"_ _0\"></span>s on disp<span class=\"_ _0\"></span>osal of inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y (calcu<span class=\"_ _0\"></span>lated as th<span class=\"_ _0\"></span>e dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>ce be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>he net p<span class=\"_ _0\"></span>roc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds fro<span class=\"_ _0\"></span>m dispo<span class=\"_ _0\"></span>sal and t<span class=\"_ _0\"></span>he ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>ount of the ite<span class=\"_ _0\"></span>m<span class=\"_ _4\"></span>) is rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in p<span class=\"_ _0\"></span>rofit o<span class=\"_ _0\"></span>r loss<span class=\"_ _0\"></span>. Wh<span class=\"_ _0\"></span>en invest<span class=\"_ _0\"></span>ment p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>at was previ<span class=\"_ _0\"></span>ously c<span class=\"_ _0\"></span>lassif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ty, plant and e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>ent is so<span class=\"_ _0\"></span>ld, a<span class=\"_ _0\"></span>ny related a<span class=\"_ _0\"></span>mount i<span class=\"_ _0\"></span>nclud<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he reval<span class=\"_ _0\"></span>uatio<span class=\"_ _0\"></span>n rese<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve is tra<span class=\"_ _0\"></span>nsferre<span class=\"_ _0\"></span>d to retain<span class=\"_ _0\"></span>ed ea<span class=\"_ _0\"></span>rnin<span class=\"_ _0\"></span>gs.<span class=\"_ _363\"> </span>Whe<span class=\"_ _0\"></span>n the u<span class=\"_ _0\"></span>se of a prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s from ow<span class=\"_ _0\"></span>ner o<span class=\"_ _0\"></span>ccu<span class=\"_ _0\"></span>pie<span class=\"_ _0\"></span>d or hel<span class=\"_ _0\"></span>d for sale to inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, the pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ty is re<span class=\"_ _0\"></span>measu<span class=\"_ _0\"></span>red to fair valu<span class=\"_ _0\"></span>e and recl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d acc<span class=\"_ _0\"></span>ording<span class=\"_ _0\"></span>ly. Any gain on t<span class=\"_ _0\"></span>his rem<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>ment is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in prof<span class=\"_ _0\"></span>it or l<span class=\"_ _0\"></span>oss to the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>tent that i<span class=\"_ _0\"></span>t rever<span class=\"_ _0\"></span>ses a prev<span class=\"_ _0\"></span>iou<span class=\"_ _0\"></span>s impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt loss<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>on th<span class=\"_ _0\"></span>e spe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>ic pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, w<span class=\"_ _0\"></span>ith any re<span class=\"_ _0\"></span>mainin<span class=\"_ _0\"></span>g gain re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in Ot<span class=\"_ _0\"></span>her C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>preh<span class=\"_ _0\"></span>ensive In<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me and p<span class=\"_ _0\"></span>resente<span class=\"_ _0\"></span>d in the re<span class=\"_ _0\"></span>valuati<span class=\"_ _0\"></span>on res<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve. A<span class=\"_ _0\"></span>ny los<span class=\"_ _0\"></span>s <span class=\"ls2\"> </span>is rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in p<span class=\"_ _0\"></span>rofit o<span class=\"_ _0\"></span>r loss<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Asset<span class=\"_ _0\"></span>s He<span class=\"_ _0\"></span>ld f<span class=\"_ _0\"></span>or S<span class=\"_ _0\"></span>ale<span class=\"_ _363\"> </span>Non<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>curre<span class=\"_ _0\"></span>nt asse<span class=\"_ _0\"></span>ts that are e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cted to b<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>overed p<span class=\"_ _0\"></span>rinc<span class=\"_ _0\"></span>ipall<span class=\"_ _0\"></span>y throu<span class=\"_ _0\"></span>gh sal<span class=\"_ _0\"></span>e rathe<span class=\"_ _0\"></span>r than c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>inuing us<span class=\"_ _0\"></span>e and me<span class=\"_ _0\"></span>et t<span class=\"_ _0\"></span>he IFR<span class=\"_ _0\"></span>S 5 cr<span class=\"_ _0\"></span>iteri<span class=\"_ _0\"></span>a are <span class=\"ls2\"> </span>classi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed as he<span class=\"_ _0\"></span>ld for sal<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>ese ass<span class=\"_ _0\"></span>ets are s<span class=\"_ _0\"></span>hown in th<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t at the lowe<span class=\"_ _0\"></span>r of thei<span class=\"_ _0\"></span>r car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g amo<span class=\"_ _0\"></span>unt and fair v<span class=\"_ _0\"></span>alue le<span class=\"_ _0\"></span>ss any co<span class=\"_ _0\"></span>sts <span class=\"ls2\"> </span>to sell. Im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>ment l<span class=\"_ _0\"></span>osses o<span class=\"_ _0\"></span>n init<span class=\"_ _0\"></span>ial clas<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>icati<span class=\"_ _0\"></span>on as no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent as<span class=\"_ _0\"></span>sets h<span class=\"_ _0\"></span>eld for s<span class=\"_ _0\"></span>ale and su<span class=\"_ _0\"></span>bse<span class=\"_ _0\"></span>quent g<span class=\"_ _0\"></span>ains or l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s on re<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>ment <span class=\"ls2\"> </span>are rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ts<span class=\"_ _363\"> </span>Investm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, othe<span class=\"_ _0\"></span>r than inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts in jo<span class=\"_ _0\"></span>int venture<span class=\"_ _0\"></span>s and asso<span class=\"_ _0\"></span>ciates<span class=\"_ _0\"></span>, are st<span class=\"_ _0\"></span>ated in th<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce she<span class=\"_ _0\"></span>et at fa<span class=\"_ _0\"></span>ir value wi<span class=\"_ _0\"></span>th ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s in fair valu<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y in othe<span class=\"_ _0\"></span>r co<span class=\"_ _0\"></span>mpre<span class=\"_ _0\"></span>hensi<span class=\"_ _0\"></span>ve inc<span class=\"_ _0\"></span>ome. T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re is no sub<span class=\"_ _0\"></span>sequ<span class=\"_ _0\"></span>ent re<span class=\"_ _0\"></span>classi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cati<span class=\"_ _0\"></span>on of fair valu<span class=\"_ _0\"></span>e gains an<span class=\"_ _0\"></span>d loss<span class=\"_ _0\"></span>es to profi<span class=\"_ _0\"></span>t and lo<span class=\"_ _0\"></span>ss followin<span class=\"_ _0\"></span>g dere<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnit<span class=\"_ _0\"></span>ion of th<span class=\"_ _0\"></span>e investm<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. Div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nds fro<span class=\"_ _0\"></span>m such i<span class=\"_ _0\"></span>nvestm<span class=\"_ _0\"></span>ents are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement a<span class=\"_ _0\"></span>nd are re<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>ted as <span class=\"ls2\"> </span>non-<span class=\"_ _0\"></span>operating<span class=\"_ _4\"></span> items.<span class=\"_ _363\"> </span>Whe<span class=\"_ _0\"></span>re invest<span class=\"_ _0\"></span>ments a<span class=\"_ _0\"></span>re acti<span class=\"_ _0\"></span>vely t<span class=\"_ _0\"></span>rade<span class=\"_ _0\"></span>d in org<span class=\"_ _0\"></span>anise<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al mar<span class=\"_ _0\"></span>kets, fai<span class=\"_ _0\"></span>r value is d<span class=\"_ _0\"></span>eterm<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by referenc<span class=\"_ _0\"></span>e to S<span class=\"_ _0\"></span>tock E<span class=\"_ _0\"></span>xch<span class=\"_ _0\"></span>ange q<span class=\"_ _0\"></span>uoted mar<span class=\"_ _0\"></span>ket bid<span class=\"_ _0\"></span> pri<span class=\"_ _0\"></span>ces at t<span class=\"_ _0\"></span>he clo<span class=\"_ _0\"></span>se of busin<span class=\"_ _0\"></span>ess on t<span class=\"_ _0\"></span>he bala<span class=\"_ _0\"></span>nce s<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t date. Wh<span class=\"_ _0\"></span>ere it is i<span class=\"_ _0\"></span>mpra<span class=\"_ _0\"></span>ctic<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e to deter<span class=\"_ _0\"></span>mine fair v<span class=\"_ _0\"></span>alue in ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rdanc<span class=\"_ _0\"></span>e wit<span class=\"_ _0\"></span>h IFRS 13, unquote<span class=\"_ _0\"></span>d equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y investm<span class=\"_ _0\"></span>ents are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rde<span class=\"_ _0\"></span>d at histor<span class=\"_ _0\"></span>ical c<span class=\"_ _0\"></span>ost an<span class=\"_ _0\"></span>d are inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>d wit<span class=\"_ _0\"></span>hin fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial asse<span class=\"_ _0\"></span>ts on th<span class=\"_ _0\"></span>is basis in th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p balanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>ey are assessed for impai<span class=\"_ _4\"></span>rment annually<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>Inve<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>Inventori<span class=\"_ _0\"></span>es are st<span class=\"_ _0\"></span>ated at the l<span class=\"_ _0\"></span>ower of cos<span class=\"_ _0\"></span>t and ne<span class=\"_ _0\"></span>t realisa<span class=\"_ _0\"></span>ble valu<span class=\"_ _0\"></span>e. Co<span class=\"_ _0\"></span>st is base<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>irst-<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>, fir<span class=\"_ _0\"></span>st-<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>t pri<span class=\"_ _0\"></span>ncipl<span class=\"_ _0\"></span>e and in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>es all ex<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>diture<span class=\"_ _0\"></span> incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d in acqui<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he inventor<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>nd bri<span class=\"_ _0\"></span>nging t<span class=\"_ _0\"></span>hem to th<span class=\"_ _0\"></span>eir pre<span class=\"_ _0\"></span>sent l<span class=\"_ _0\"></span>ocat<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>nd co<span class=\"_ _0\"></span>nditi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. Raw materials a<span class=\"_ _0\"></span>nd purc<span class=\"_ _0\"></span>hase<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>ishe<span class=\"_ _0\"></span>d goo<span class=\"_ _0\"></span>ds are value<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e basis of purc<span class=\"_ _0\"></span>hase c<span class=\"_ _0\"></span>ost on a f<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>st-i<span class=\"_ _0\"></span>n, f<span class=\"_ _0\"></span>irst-<span class=\"_ _3\"></span>out basis<span class=\"_ _0\"></span>. In the c<span class=\"_ _0\"></span>ase of manu<span class=\"_ _0\"></span>factu<span class=\"_ _0\"></span>red f<span class=\"_ _0\"></span>inish<span class=\"_ _0\"></span>ed go<span class=\"_ _0\"></span>ods a<span class=\"_ _0\"></span>nd wor<span class=\"_ _0\"></span>k-<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>progre<span class=\"_ _0\"></span>ss, c<span class=\"_ _0\"></span>ost i<span class=\"_ _0\"></span>nclud<span class=\"_ _0\"></span>es direc<span class=\"_ _0\"></span>t mater<span class=\"_ _0\"></span>ials, di<span class=\"_ _0\"></span>rect l<span class=\"_ _0\"></span>abo<span class=\"_ _0\"></span>ur and at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tabl<span class=\"_ _0\"></span>e overh<span class=\"_ _0\"></span>eads bas<span class=\"_ _0\"></span>ed on n<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>mal op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ing ca<span class=\"_ _0\"></span>paci<span class=\"_ _0\"></span>ty a<span class=\"_ _0\"></span>nd exclu<span class=\"_ _0\"></span>des bo<span class=\"_ _0\"></span>rrowi<span class=\"_ _0\"></span>ng cos<span class=\"_ _0\"></span>ts. N<span class=\"_ _0\"></span>et realis<span class=\"_ _0\"></span>able val<span class=\"_ _0\"></span>ue <span class=\"ls2\"> </span>is the e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>d proc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds of sale l<span class=\"_ _0\"></span>ess all f<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er c<span class=\"_ _0\"></span>osts to co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>etio<span class=\"_ _0\"></span>n and le<span class=\"_ _0\"></span>ss all co<span class=\"_ _0\"></span>sts to be in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>red in ma<span class=\"_ _0\"></span>rketi<span class=\"_ _0\"></span>ng, s<span class=\"_ _0\"></span>elling an<span class=\"_ _0\"></span>d distr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>1. <span class=\"_ _45\"> </span>Summary of Significant A<span class=\"_ _2\"></span>ccounting Policies<span class=\"ff85 ls9d ws54\"> continue<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>Trade and Other R<span class=\"_ _2\"></span>eceivables and Pay<span class=\"_ _2\"></span>ables<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r rec<span class=\"_ _0\"></span>eivab<span class=\"_ _0\"></span>les an<span class=\"_ _0\"></span>d payabl<span class=\"_ _0\"></span>es are st<span class=\"_ _0\"></span>ated at amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>st (l<span class=\"_ _0\"></span>ess any im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>ment l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s), which app<span class=\"_ _0\"></span>roximates to fair valu<span class=\"_ _0\"></span>e give<span class=\"_ _0\"></span>n the sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t term n<span class=\"_ _0\"></span>ature of the<span class=\"_ _0\"></span>se asse<span class=\"_ _0\"></span>ts and lia<span class=\"_ _0\"></span>biliti<span class=\"_ _0\"></span>es.<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>rade re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivabl<span class=\"_ _0\"></span>es are ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ied at o<span class=\"_ _0\"></span>rigi<span class=\"_ _0\"></span>nal invoic<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt les<span class=\"_ _0\"></span>s an allowan<span class=\"_ _0\"></span>ce for p<span class=\"_ _0\"></span>otentiall<span class=\"_ _0\"></span>y unco<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span>ctab<span class=\"_ _0\"></span>le de<span class=\"_ _0\"></span>bts. Pr<span class=\"_ _0\"></span>ovisio<span class=\"_ _0\"></span>n is made us<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e expe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d cred<span class=\"_ _0\"></span>it los<span class=\"_ _0\"></span>s mod<span class=\"_ _0\"></span>el whi<span class=\"_ _0\"></span>ch use<span class=\"_ _0\"></span>s a lifetim<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ecte<span class=\"_ _0\"></span>d loss all<span class=\"_ _0\"></span>owanc<span class=\"_ _0\"></span>e for all tra<span class=\"_ _0\"></span>de re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>vable<span class=\"_ _0\"></span>s. T<span class=\"_ _2\"></span>o meas<span class=\"_ _0\"></span>ure the e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cted c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t loss<span class=\"_ _0\"></span>es, t<span class=\"_ _0\"></span>rad<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>eivab<span class=\"_ _0\"></span>les are grou<span class=\"_ _0\"></span>ped b<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n share<span class=\"_ _0\"></span>d cre<span class=\"_ _0\"></span>dit ri<span class=\"_ _0\"></span>sk char<span class=\"_ _0\"></span>acter<span class=\"_ _0\"></span>isti<span class=\"_ _0\"></span>cs and d<span class=\"_ _0\"></span>ays past du<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Bad d<span class=\"_ _0\"></span>ebts are wr<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>f in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>ome s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent whe<span class=\"_ _0\"></span>n the<span class=\"_ _0\"></span>re is no reas<span class=\"_ _0\"></span>onab<span class=\"_ _0\"></span>le exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tatio<span class=\"_ _0\"></span>n of rec<span class=\"_ _0\"></span>over<span class=\"_ _0\"></span>y. Indicator<span class=\"_ _0\"></span>s that t<span class=\"_ _0\"></span>here is n<span class=\"_ _0\"></span>o reason<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span> exp<span class=\"_ _0\"></span>ect<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of recove<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e, amo<span class=\"_ _0\"></span>ngst ot<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e failure of a de<span class=\"_ _0\"></span>btor to enga<span class=\"_ _0\"></span>ge in a rep<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nt plan wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e Group, a<span class=\"_ _0\"></span>nd the c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ent <span class=\"ls2\"> </span>of lega<span class=\"_ _0\"></span>l proc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>dings<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Cas<span class=\"_ _0\"></span>h and C<span class=\"_ _0\"></span>ash E<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nts<span class=\"_ _363\"> </span>Cash an<span class=\"_ _0\"></span>d cash e<span class=\"_ _0\"></span>quiva<span class=\"_ _0\"></span>lents c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>rise c<span class=\"_ _0\"></span>ash bal<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span>s held fo<span class=\"_ _0\"></span>r the pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>oses of me<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ing sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t ter<span class=\"_ _0\"></span>m cash c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mitm<span class=\"_ _0\"></span>ents an<span class=\"_ _0\"></span>d mon<span class=\"_ _0\"></span>ey mar<span class=\"_ _0\"></span>ket instr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts whi<span class=\"_ _0\"></span>ch are rea<span class=\"_ _0\"></span>dily c<span class=\"_ _0\"></span>onver<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ible to a k<span class=\"_ _0\"></span>nown am<span class=\"_ _0\"></span>ount of cas<span class=\"_ _0\"></span>h. Wh<span class=\"_ _0\"></span>ere mo<span class=\"_ _0\"></span>ney m<span class=\"_ _0\"></span>arket ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ument<span class=\"_ _0\"></span>s are categ<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ised as c<span class=\"_ _0\"></span>ash eq<span class=\"_ _0\"></span>uivale<span class=\"_ _0\"></span>nts<span class=\"_ _0\"></span>, the related b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>es have an o<span class=\"_ _0\"></span>rigin<span class=\"_ _0\"></span>al matur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of thre<span class=\"_ _0\"></span>e mont<span class=\"_ _0\"></span>hs or le<span class=\"_ _0\"></span>ss. In ad<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>on, fo<span class=\"_ _0\"></span>r the p<span class=\"_ _0\"></span>urp<span class=\"_ _0\"></span>oses of th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p cash f<span class=\"_ _0\"></span>low st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt, ba<span class=\"_ _0\"></span>nk overdr<span class=\"_ _0\"></span>af<span class=\"_ _0\"></span>ts are net<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>gainst c<span class=\"_ _0\"></span>ash and c<span class=\"_ _0\"></span>ash e<span class=\"_ _0\"></span>quival<span class=\"_ _0\"></span>ents wh<span class=\"_ _0\"></span>ere th<span class=\"_ _0\"></span>e overdraf<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re repayab<span class=\"_ _0\"></span>le on d<span class=\"_ _0\"></span>eman<span class=\"_ _0\"></span>d and for<span class=\"_ _0\"></span>m an integ<span class=\"_ _0\"></span>ral par<span class=\"_ _3\"></span>t of cash mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Ban<span class=\"_ _0\"></span>k overdraf<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>re inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d withi<span class=\"_ _0\"></span>n cur<span class=\"_ _0\"></span>rent interes<span class=\"_ _0\"></span>t-b<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>ing lo<span class=\"_ _0\"></span>ans and b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rowings in t<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p balan<span class=\"_ _0\"></span>ce sh<span class=\"_ _0\"></span>eet<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Derivativ<span class=\"_ _2\"></span>e Financial Instruments<span class=\"_ _2\"></span> and Hedgin<span class=\"_ _0\"></span>g A<span class=\"_ _4\"></span>ctivities<span class=\"_ _363\"> </span>De<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ive f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, pri<span class=\"_ _0\"></span>ncip<span class=\"_ _0\"></span>ally interes<span class=\"_ _0\"></span>t rate and cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>ncy swaps<span class=\"_ _0\"></span>/for<span class=\"_ _0\"></span>wards<span class=\"_ _0\"></span>, are us<span class=\"_ _0\"></span>ed in c<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain circ<span class=\"_ _0\"></span>umsta<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s to hedg<span class=\"_ _0\"></span>e the G<span class=\"_ _0\"></span>roup\u2019s exp<span class=\"_ _0\"></span>osure to forei<span class=\"_ _0\"></span>gn excha<span class=\"_ _0\"></span>nge an<span class=\"_ _0\"></span>d interest r<span class=\"_ _0\"></span>ate risks ar<span class=\"_ _0\"></span>ising f<span class=\"_ _0\"></span>rom it<span class=\"_ _0\"></span>s fina<span class=\"_ _0\"></span>ncin<span class=\"_ _0\"></span>g acti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>ies.<span class=\"_ _363\"> </span>De<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ive f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ents are re<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ognise<span class=\"_ _0\"></span>d ini<span class=\"_ _0\"></span>tially at fa<span class=\"_ _0\"></span>ir value a<span class=\"_ _0\"></span>nd the<span class=\"_ _0\"></span>reaf<span class=\"_ _0\"></span>ter are su<span class=\"_ _0\"></span>bseq<span class=\"_ _0\"></span>uent<span class=\"_ _0\"></span>ly re<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>d at the<span class=\"_ _0\"></span>ir fair valu<span class=\"_ _0\"></span>e. Fair valu<span class=\"_ _0\"></span>e is the<span class=\"_ _0\"></span> pri<span class=\"_ _0\"></span>ce th<span class=\"_ _0\"></span>at would be re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ived to se<span class=\"_ _0\"></span>ll an asse<span class=\"_ _0\"></span>t or pai<span class=\"_ _0\"></span>d to transfer a li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>y in a<span class=\"_ _0\"></span>n orde<span class=\"_ _0\"></span>rly t<span class=\"_ _0\"></span>rans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en mar<span class=\"_ _0\"></span>ket par<span class=\"_ _3\"></span>ticip<span class=\"_ _0\"></span>ants at th<span class=\"_ _0\"></span>e measu<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nt date. Th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e of interest rate an<span class=\"_ _0\"></span>d cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y swaps/for<span class=\"_ _3\"></span>wards is the e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>d amou<span class=\"_ _0\"></span>nt that t<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p would re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>ve or pay to ter<span class=\"_ _0\"></span>minate the<span class=\"_ _0\"></span> swap at the b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et date, t<span class=\"_ _0\"></span>aki<span class=\"_ _0\"></span>ng into acc<span class=\"_ _0\"></span>ount c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>nt interest a<span class=\"_ _0\"></span>nd cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy excha<span class=\"_ _0\"></span>nge rates a<span class=\"_ _0\"></span>nd the c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>nt cre<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>wor<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>hines<span class=\"_ _0\"></span>s of the<span class=\"_ _363\"> </span>swapped counterparts<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e meth<span class=\"_ _0\"></span>od of re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nising t<span class=\"_ _0\"></span>he resul<span class=\"_ _0\"></span>ting ga<span class=\"_ _0\"></span>in or lo<span class=\"_ _0\"></span>ss on re<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>ment to fai<span class=\"_ _0\"></span>r value d<span class=\"_ _0\"></span>epe<span class=\"_ _0\"></span>nds on w<span class=\"_ _0\"></span>heth<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve is desi<span class=\"_ _0\"></span>gnated as a h<span class=\"_ _0\"></span>edgi<span class=\"_ _0\"></span>ng instr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt. W<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>e der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves are not d<span class=\"_ _0\"></span>esignate<span class=\"_ _0\"></span>d or do n<span class=\"_ _0\"></span>ot fulf<span class=\"_ _0\"></span>il th<span class=\"_ _0\"></span>e cri<span class=\"_ _0\"></span>teria fo<span class=\"_ _0\"></span>r hed<span class=\"_ _0\"></span>ge ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nting<span class=\"_ _0\"></span>, chan<span class=\"_ _0\"></span>ges in fai<span class=\"_ _0\"></span>r values a<span class=\"_ _0\"></span>re repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ted in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. Whe<span class=\"_ _0\"></span>re der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves quali<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>y for he<span class=\"_ _0\"></span>dge ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unting<span class=\"_ _0\"></span>, re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>on of the re<span class=\"_ _0\"></span>sultin<span class=\"_ _0\"></span>g gains o<span class=\"_ _0\"></span>r loss<span class=\"_ _0\"></span>es de<span class=\"_ _0\"></span>pend<span class=\"_ _0\"></span>s on th<span class=\"_ _0\"></span>e nature of the i<span class=\"_ _0\"></span>tem be<span class=\"_ _0\"></span>ing hed<span class=\"_ _0\"></span>ged<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p desig<span class=\"_ _0\"></span>nates ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tain d<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ivative<span class=\"_ _0\"></span>s for var<span class=\"_ _0\"></span>ious pu<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>oses in h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>e relat<span class=\"_ _0\"></span>ionsh<span class=\"_ _0\"></span>ips in on<span class=\"_ _0\"></span>e or mo<span class=\"_ _0\"></span>re of the foll<span class=\"_ _0\"></span>owing t<span class=\"_ _0\"></span>yp<span class=\"_ _0\"></span>es of relati<span class=\"_ _0\"></span>onshi<span class=\"_ _0\"></span>ps:<span class=\"_ _363\"> </span>(i<span class=\"_ _0\"></span>) <span class=\"_ _38\"> </span>Fair valu<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ge: H<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>es of the fa<span class=\"_ _0\"></span>ir value of re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d liabili<span class=\"_ _0\"></span>ties;<span class=\"_ _363\"> </span>(ii<span class=\"_ _0\"></span>) <span class=\"_ _3\"></span>C<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>low he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>: Hed<span class=\"_ _0\"></span>ges of a par<span class=\"_ _3\"></span>ticul<span class=\"_ _0\"></span>ar risk as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iated wit<span class=\"_ _0\"></span>h a highl<span class=\"_ _0\"></span>y prob<span class=\"_ _0\"></span>able fo<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ast tra<span class=\"_ _0\"></span>nsact<span class=\"_ _0\"></span>ion; o<span class=\"_ _0\"></span>r<span class=\"_ _363\"> </span>(iii<span class=\"_ _0\"></span>) <span class=\"_ _5\"></span>Ne<span class=\"_ _0\"></span>t investm<span class=\"_ _0\"></span>ent he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>: Hed<span class=\"_ _0\"></span>ges of a ne<span class=\"_ _0\"></span>t investm<span class=\"_ _0\"></span>ent in a for<span class=\"_ _0\"></span>eign o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group d<span class=\"_ _0\"></span>ocu<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s at the in<span class=\"_ _0\"></span>cept<span class=\"_ _0\"></span>ion of th<span class=\"_ _0\"></span>e trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on th<span class=\"_ _0\"></span>e relati<span class=\"_ _0\"></span>onshi<span class=\"_ _0\"></span>p bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n hed<span class=\"_ _0\"></span>ging ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ument<span class=\"_ _0\"></span>s and he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d items<span class=\"_ _0\"></span>, as well as i<span class=\"_ _0\"></span>ts risk<span class=\"_ _0\"></span> manag<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt obje<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ives and s<span class=\"_ _0\"></span>trate<span class=\"_ _0\"></span>gy for un<span class=\"_ _0\"></span>der<span class=\"_ _3\"></span>taki<span class=\"_ _0\"></span>ng var<span class=\"_ _0\"></span>ious h<span class=\"_ _0\"></span>edgi<span class=\"_ _0\"></span>ng tra<span class=\"_ _0\"></span>nsact<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Group al<span class=\"_ _0\"></span>so do<span class=\"_ _0\"></span>cume<span class=\"_ _0\"></span>nts whe<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r chan<span class=\"_ _0\"></span>ges in t<span class=\"_ _0\"></span>he cas<span class=\"_ _0\"></span>h <span class=\"ls2\"> </span>fl<span class=\"_ _0\"></span>ows of the he<span class=\"_ _0\"></span>dging i<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts are ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted to of<span class=\"_ _0\"></span>fset c<span class=\"_ _0\"></span>hang<span class=\"_ _0\"></span>es in th<span class=\"_ _0\"></span>e cash f<span class=\"_ _0\"></span>lows of the h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>tems.<span class=\"_ _363\"> </span>(<span class=\"_ _2\"></span>i) Fair Value H<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>dge<span class=\"_ _363\"> </span>Any gai<span class=\"_ _0\"></span>n or los<span class=\"_ _0\"></span>s stemm<span class=\"_ _0\"></span>ing fro<span class=\"_ _0\"></span>m the re<span class=\"_ _3\"></span>-m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>ment of t<span class=\"_ _0\"></span>he he<span class=\"_ _0\"></span>dging i<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt to fair value is re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ted in th<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>ome s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt. In ad<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>on, a<span class=\"_ _0\"></span>ny gain or l<span class=\"_ _0\"></span>oss o<span class=\"_ _0\"></span>n the he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>ed item w<span class=\"_ _0\"></span>hich is at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>tabl<span class=\"_ _0\"></span>e to the fair v<span class=\"_ _0\"></span>alue move<span class=\"_ _0\"></span>ment i<span class=\"_ _0\"></span>n the h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ed ri<span class=\"_ _0\"></span>sk is adjus<span class=\"_ _0\"></span>ted agains<span class=\"_ _0\"></span>t the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying am<span class=\"_ _0\"></span>ount of th<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ged i<span class=\"_ _0\"></span>tem and ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d in the in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me state<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Whe<span class=\"_ _0\"></span>re a der<span class=\"_ _0\"></span>ivat<span class=\"_ _0\"></span>ive fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent is use<span class=\"_ _0\"></span>d to ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic<span class=\"_ _0\"></span>ally he<span class=\"_ _0\"></span>dge t<span class=\"_ _0\"></span>he fore<span class=\"_ _0\"></span>ign exch<span class=\"_ _0\"></span>ange e<span class=\"_ _0\"></span>xpo<span class=\"_ _0\"></span>sure of a rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed mo<span class=\"_ _0\"></span>net<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y ass<span class=\"_ _0\"></span>et or<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>liabili<span class=\"_ _0\"></span>ty, hedg<span class=\"_ _0\"></span>e acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>ing is not ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d and any ga<span class=\"_ _0\"></span>in or lo<span class=\"_ _0\"></span>ss acc<span class=\"_ _0\"></span>rui<span class=\"_ _0\"></span>ng on th<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ging ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ument is r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed as f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>ome o<span class=\"_ _0\"></span>r exp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>in the i<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>If the h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>e no lo<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>r me<span class=\"_ _0\"></span>ets th<span class=\"_ _0\"></span>e cri<span class=\"_ _0\"></span>teria fo<span class=\"_ _0\"></span>r hed<span class=\"_ _0\"></span>ge ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nting<span class=\"_ _0\"></span>, hed<span class=\"_ _0\"></span>ge ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nting c<span class=\"_ _0\"></span>eases a<span class=\"_ _0\"></span>nd the a<span class=\"_ _0\"></span>djust<span class=\"_ _0\"></span>ment to th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g amo<span class=\"_ _0\"></span>unt of a hed<span class=\"_ _0\"></span>ged<span class=\"_ _0\"></span> item for wh<span class=\"_ _0\"></span>ich t<span class=\"_ _0\"></span>he ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive intere<span class=\"_ _0\"></span>st met<span class=\"_ _0\"></span>hod i<span class=\"_ _0\"></span>s used is a<span class=\"_ _0\"></span>mor<span class=\"_ _3\"></span>tised to prof<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>r loss ove<span class=\"_ _0\"></span>r the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od to matur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y.<span class=\"_ _363\"> </span>(<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>i<span class=\"_ _4\"></span>) Cas<span class=\"_ _0\"></span>h Flow H<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fecti<span class=\"_ _0\"></span>ve par<span class=\"_ _0\"></span>t of any g<span class=\"_ _0\"></span>ain or lo<span class=\"_ _0\"></span>ss on t<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ive f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ent is re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in othe<span class=\"_ _0\"></span>r com<span class=\"_ _0\"></span>preh<span class=\"_ _0\"></span>ensive i<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>me and p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nted in th<span class=\"_ _0\"></span>e cash f<span class=\"_ _0\"></span>low h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>e reser<span class=\"_ _3\"></span>ve in equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y with t<span class=\"_ _0\"></span>he inef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve por<span class=\"_ _3\"></span>tion b<span class=\"_ _0\"></span>eing re<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>ted as fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ense o<span class=\"_ _0\"></span>r inc<span class=\"_ _0\"></span>ome in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent. I<span class=\"_ _0\"></span>f a hed<span class=\"_ _0\"></span>ge of a forec<span class=\"_ _0\"></span>asted tr<span class=\"_ _0\"></span>ansac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n subse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>ntly res<span class=\"_ _0\"></span>ults in t<span class=\"_ _0\"></span>he rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nitio<span class=\"_ _0\"></span>n of a fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al asset o<span class=\"_ _0\"></span>r a fi<span class=\"_ _0\"></span>nanci<span class=\"_ _0\"></span>al liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, t<span class=\"_ _0\"></span>he asso<span class=\"_ _0\"></span>ciate<span class=\"_ _0\"></span>d gains an<span class=\"_ _0\"></span>d loss<span class=\"_ _0\"></span>es that<span class=\"_ _0\"></span> were rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nised i<span class=\"_ _0\"></span>n other c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>rehe<span class=\"_ _0\"></span>nsive in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e are re<span class=\"_ _0\"></span>classi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed into prof<span class=\"_ _0\"></span>it or l<span class=\"_ _0\"></span>oss in t<span class=\"_ _0\"></span>he sam<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>iod o<span class=\"_ _0\"></span>r pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds dur<span class=\"_ _0\"></span>ing whi<span class=\"_ _0\"></span>ch th<span class=\"_ _0\"></span>e asset ac<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d or liabili<span class=\"_ _0\"></span>ty as<span class=\"_ _0\"></span>sume<span class=\"_ _0\"></span>d af<span class=\"_ _0\"></span>fects p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t or los<span class=\"_ _0\"></span>s. Fo<span class=\"_ _0\"></span>r cash f<span class=\"_ _0\"></span>low h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>es, ot<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>han th<span class=\"_ _0\"></span>ose c<span class=\"_ _0\"></span>overed by t<span class=\"_ _0\"></span>he pre<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ding st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e asso<span class=\"_ _0\"></span>ciated c<span class=\"_ _0\"></span>umulat<span class=\"_ _0\"></span>ive <span class=\"ls2\"> </span>gain or l<span class=\"_ _0\"></span>oss is re<span class=\"_ _0\"></span>moved f<span class=\"_ _0\"></span>rom oth<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>mpre<span class=\"_ _0\"></span>hens<span class=\"_ _0\"></span>ive inc<span class=\"_ _0\"></span>ome a<span class=\"_ _0\"></span>nd rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised in t<span class=\"_ _0\"></span>he in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent in t<span class=\"_ _0\"></span>he sam<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>iod o<span class=\"_ _0\"></span>r pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds dur<span class=\"_ _0\"></span>ing whi<span class=\"_ _0\"></span>ch <span class=\"ls2\"> </span>the h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>ed fore<span class=\"_ _0\"></span>cas<span class=\"_ _0\"></span>t trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on af<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>s profi<span class=\"_ _0\"></span>t or lo<span class=\"_ _0\"></span>ss. T<span class=\"_ _0\"></span>he in<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>fecti<span class=\"_ _0\"></span>ve par<span class=\"_ _0\"></span>t of any g<span class=\"_ _0\"></span>ain or lo<span class=\"_ _0\"></span>ss is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nised i<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>diately in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Hed<span class=\"_ _0\"></span>ge ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nting is dis<span class=\"_ _0\"></span>cont<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>d whe<span class=\"_ _0\"></span>n a hed<span class=\"_ _0\"></span>ging ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>ment e<span class=\"_ _0\"></span>xpire<span class=\"_ _0\"></span>s or is sol<span class=\"_ _0\"></span>d, ter<span class=\"_ _0\"></span>minated o<span class=\"_ _0\"></span>r exercis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, or no l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>er quali<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>es for he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span> acc<span class=\"_ _0\"></span>ounti<span class=\"_ _0\"></span>ng. T<span class=\"_ _0\"></span>he cu<span class=\"_ _0\"></span>mulati<span class=\"_ _0\"></span>ve gain or l<span class=\"_ _0\"></span>oss at th<span class=\"_ _0\"></span>at point re<span class=\"_ _0\"></span>mains in e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>ty a<span class=\"_ _0\"></span>nd is rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised in a<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>ordan<span class=\"_ _0\"></span>ce wit<span class=\"_ _0\"></span>h the a<span class=\"_ _0\"></span>bove po<span class=\"_ _0\"></span>licy wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on occ<span class=\"_ _0\"></span>urs<span class=\"_ _0\"></span>. If a he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on is no l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>er ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted to oc<span class=\"_ _0\"></span>cur, the net c<span class=\"_ _0\"></span>umulat<span class=\"_ _0\"></span>ive gain o<span class=\"_ _0\"></span>r loss re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in oth<span class=\"_ _0\"></span>er co<span class=\"_ _0\"></span>mpre<span class=\"_ _0\"></span>hensi<span class=\"_ _0\"></span>ve inc<span class=\"_ _0\"></span>ome is<span class=\"_ _0\"></span> trans<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d to the inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent in th<span class=\"_ _0\"></span>e pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d.<span class=\"_ _363\"> </span>1. <span class=\"_ _45\"> </span>Summary of Significant A<span class=\"_ _2\"></span>ccounting Policies<span class=\"ff85 ls9d ws54\"> continue<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>Derivativ<span class=\"_ _2\"></span>e Financial Instruments<span class=\"_ _2\"></span> and Hedgin<span class=\"_ _0\"></span>g A<span class=\"_ _4\"></span>ctivities<span class=\"ff85 ls36 wsf\"> continued<span class=\"_ _363\"> </span></span>(<span class=\"_ _2\"></span>i<span class=\"_ _0\"></span>ii) Hed<span class=\"_ _0\"></span>ge o<span class=\"_ _0\"></span>f Net I<span class=\"_ _0\"></span>nvest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt in For<span class=\"_ _0\"></span>eig<span class=\"_ _0\"></span>n Op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ion<span class=\"_ _363\"> </span>Any gai<span class=\"_ _0\"></span>n or los<span class=\"_ _0\"></span>s on th<span class=\"_ _0\"></span>e hed<span class=\"_ _0\"></span>ging ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>ment re<span class=\"_ _0\"></span>latin<span class=\"_ _0\"></span>g to the ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>e is rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised in ot<span class=\"_ _0\"></span>her c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>rehe<span class=\"_ _0\"></span>nsive in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e and prese<span class=\"_ _0\"></span>nted in th<span class=\"_ _0\"></span>e foreig<span class=\"_ _0\"></span>n cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y trans<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n reser<span class=\"_ _3\"></span>ve in equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>. T<span class=\"_ _0\"></span>he g<span class=\"_ _0\"></span>ain or lo<span class=\"_ _0\"></span>ss relat<span class=\"_ _0\"></span>ing to the in<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised i<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>diately in<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>the in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e state<span class=\"_ _0\"></span>ment wi<span class=\"_ _0\"></span>thin f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e or f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>e. Cumul<span class=\"_ _0\"></span>ative gai<span class=\"_ _0\"></span>ns and lo<span class=\"_ _0\"></span>sses re<span class=\"_ _0\"></span>main in e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y unt<span class=\"_ _0\"></span>il dispo<span class=\"_ _0\"></span>sal or p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>tia<span class=\"_ _0\"></span>l dispo<span class=\"_ _0\"></span>sal <span class=\"ls2\"> </span>of the ne<span class=\"_ _0\"></span>t investm<span class=\"_ _0\"></span>ent in t<span class=\"_ _0\"></span>he forei<span class=\"_ _0\"></span>gn op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>on at whi<span class=\"_ _0\"></span>ch po<span class=\"_ _0\"></span>int the re<span class=\"_ _0\"></span>lated dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es are re<span class=\"_ _0\"></span>classif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d to the in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me state<span class=\"_ _0\"></span>ment as p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t of the ove<span class=\"_ _0\"></span>rall gain or l<span class=\"_ _0\"></span>oss o<span class=\"_ _0\"></span>n sale.<span class=\"_ _363\"> </span>Interest-Bearing Loan<span class=\"_ _2\"></span>s and Borrowings<span class=\"_ _363\"> </span>All l<span class=\"_ _0\"></span>oans an<span class=\"_ _0\"></span>d bor<span class=\"_ _0\"></span>rowings a<span class=\"_ _0\"></span>re initi<span class=\"_ _0\"></span>ally re<span class=\"_ _0\"></span>cord<span class=\"_ _0\"></span>ed at fai<span class=\"_ _0\"></span>r value, n<span class=\"_ _0\"></span>et of relate<span class=\"_ _0\"></span>d trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on co<span class=\"_ _0\"></span>sts. A<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ter init<span class=\"_ _0\"></span>ial rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n, c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>nt and no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent<span class=\"_ _0\"></span> interest-<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>earin<span class=\"_ _0\"></span>g loa<span class=\"_ _0\"></span>ns and bo<span class=\"_ _0\"></span>rrowin<span class=\"_ _0\"></span>gs are me<span class=\"_ _0\"></span>asured at a<span class=\"_ _0\"></span>mor<span class=\"_ _3\"></span>tised c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span>. A<span class=\"_ _0\"></span>ny dif<span class=\"_ _0\"></span>ferenc<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e proc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds (net of trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on c<span class=\"_ _0\"></span>osts) and the<span class=\"_ _0\"></span> rede<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>on valu<span class=\"_ _0\"></span>e is rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>ome s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt over th<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d of the bo<span class=\"_ _0\"></span>rrowin<span class=\"_ _0\"></span>gs using t<span class=\"_ _0\"></span>he ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive inte<span class=\"_ _0\"></span>rest rate me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d. A<span class=\"_ _0\"></span>mor<span class=\"_ _3\"></span>tise<span class=\"_ _0\"></span>d <span class=\"ls2\"> </span>cos<span class=\"_ _0\"></span>t inclu<span class=\"_ _0\"></span>des any is<span class=\"_ _0\"></span>sue co<span class=\"_ _0\"></span>sts an<span class=\"_ _0\"></span>d any disco<span class=\"_ _0\"></span>unt or pre<span class=\"_ _0\"></span>mium o<span class=\"_ _0\"></span>n set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt. B<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rowings a<span class=\"_ _0\"></span>re classif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as cur<span class=\"_ _0\"></span>rent li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>ies unl<span class=\"_ _0\"></span>ess t<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p has <span class=\"ls2\"> </span>an unc<span class=\"_ _0\"></span>ondi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal ri<span class=\"_ _0\"></span>ght to defer se<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ent of th<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>ty fo<span class=\"_ _0\"></span>r at least t<span class=\"_ _0\"></span>wel<span class=\"_ _0\"></span>ve mont<span class=\"_ _0\"></span>hs afte<span class=\"_ _0\"></span>r the ba<span class=\"_ _0\"></span>lanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et date.<span class=\"_ _363\"> </span>Fee<span class=\"_ _0\"></span>s paid o<span class=\"_ _0\"></span>n the es<span class=\"_ _0\"></span>tablis<span class=\"_ _0\"></span>hme<span class=\"_ _0\"></span>nt of loan fac<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es are re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d as trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on co<span class=\"_ _0\"></span>sts of th<span class=\"_ _0\"></span>e loan to th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>tent th<span class=\"_ _0\"></span>at it is pro<span class=\"_ _0\"></span>babl<span class=\"_ _0\"></span>e that so<span class=\"_ _0\"></span>me or all<span class=\"_ _0\"></span> of the fac<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y will be d<span class=\"_ _0\"></span>rawn down<span class=\"_ _0\"></span>. In this c<span class=\"_ _0\"></span>ase, th<span class=\"_ _0\"></span>e fee is d<span class=\"_ _0\"></span>eferre<span class=\"_ _0\"></span>d until t<span class=\"_ _0\"></span>he draw<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>down o<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>urs<span class=\"_ _0\"></span>. T<span class=\"_ _2\"></span>o the ex<span class=\"_ _0\"></span>tent t<span class=\"_ _0\"></span>here is n<span class=\"_ _0\"></span>o evi<span class=\"_ _0\"></span>denc<span class=\"_ _0\"></span>e that i<span class=\"_ _0\"></span>t is prob<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span> that so<span class=\"_ _0\"></span>me or al<span class=\"_ _0\"></span>l of the faci<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>y will be dr<span class=\"_ _0\"></span>awn down<span class=\"_ _0\"></span>, the fe<span class=\"_ _0\"></span>e is cap<span class=\"_ _0\"></span>italis<span class=\"_ _0\"></span>ed as a pre<span class=\"_ _3\"></span>-p<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nt for liqui<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>y se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vic<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d amor<span class=\"_ _3\"></span>tised ove<span class=\"_ _0\"></span>r the p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod of th<span class=\"_ _0\"></span>e facili<span class=\"_ _0\"></span>ty to whi<span class=\"_ _0\"></span>ch it re<span class=\"_ _0\"></span>lates.<span class=\"_ _363\"> </span>Provisions<span class=\"_ _363\"> </span>A provisi<span class=\"_ _0\"></span>on is re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nised o<span class=\"_ _0\"></span>n a disc<span class=\"_ _0\"></span>ounted b<span class=\"_ _0\"></span>asis whe<span class=\"_ _0\"></span>n the Gro<span class=\"_ _0\"></span>up has a pre<span class=\"_ _0\"></span>sent (eith<span class=\"_ _0\"></span>er le<span class=\"_ _0\"></span>gal o<span class=\"_ _0\"></span>r cons<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve) obligati<span class=\"_ _0\"></span>on as a resul<span class=\"_ _0\"></span>t of a past eve<span class=\"_ _0\"></span>nt <span class=\"ls2\"> </span>and it is p<span class=\"_ _0\"></span>roba<span class=\"_ _0\"></span>ble that a t<span class=\"_ _0\"></span>ransfe<span class=\"_ _0\"></span>r of eco<span class=\"_ _0\"></span>nom<span class=\"_ _0\"></span>ic be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>its will b<span class=\"_ _0\"></span>e requi<span class=\"_ _0\"></span>red to set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>e the o<span class=\"_ _0\"></span>bligat<span class=\"_ _0\"></span>ions an<span class=\"_ _0\"></span>d a reliab<span class=\"_ _0\"></span>le est<span class=\"_ _0\"></span>imate can b<span class=\"_ _0\"></span>e made of t<span class=\"_ _0\"></span>he amo<span class=\"_ _0\"></span>unt requi<span class=\"_ _0\"></span>red to set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>e the o<span class=\"_ _0\"></span>bligat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. A provisi<span class=\"_ _0\"></span>on for res<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>ctur<span class=\"_ _0\"></span>ing is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d whe<span class=\"_ _0\"></span>n the Gro<span class=\"_ _0\"></span>up has ap<span class=\"_ _0\"></span>proved a re<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g plan an<span class=\"_ _0\"></span>d the res<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>ctur<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span> has co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>d. A prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>n for one<span class=\"_ _0\"></span>rous c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d whe<span class=\"_ _0\"></span>n the ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s to be der<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>d by the Gro<span class=\"_ _0\"></span>up fro<span class=\"_ _0\"></span>m a cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t are lower th<span class=\"_ _0\"></span>an the u<span class=\"_ _0\"></span>navoida<span class=\"_ _0\"></span>ble c<span class=\"_ _0\"></span>osts of me<span class=\"_ _0\"></span>eti<span class=\"_ _0\"></span>ng its o<span class=\"_ _0\"></span>bligati<span class=\"_ _0\"></span>ons un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>ntra<span class=\"_ _0\"></span>ct. T<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>rovisio<span class=\"_ _0\"></span>n is measu<span class=\"_ _0\"></span>red at th<span class=\"_ _0\"></span>e lower of th<span class=\"_ _0\"></span>e prese<span class=\"_ _0\"></span>nt value of th<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ecte<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>t of termin<span class=\"_ _0\"></span>ating th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntrac<span class=\"_ _0\"></span>t and th<span class=\"_ _0\"></span>e prese<span class=\"_ _0\"></span>nt value of t<span class=\"_ _0\"></span>he exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted net c<span class=\"_ _0\"></span>ost of c<span class=\"_ _0\"></span>ontin<span class=\"_ _0\"></span>uing wit<span class=\"_ _0\"></span>h the c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Retirement Benefit<span class=\"_ _2\"></span> Ob<span class=\"_ _0\"></span>ligations<span class=\"_ _363\"> </span>Obli<span class=\"_ _0\"></span>gatio<span class=\"_ _0\"></span>ns to the de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ibut<span class=\"_ _0\"></span>ion p<span class=\"_ _0\"></span>ensio<span class=\"_ _0\"></span>n plans a<span class=\"_ _0\"></span>re rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed as an e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nse in th<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>ome st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt as ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e is rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d from t<span class=\"_ _0\"></span>he relev<span class=\"_ _0\"></span>ant emp<span class=\"_ _0\"></span>loyee<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up has no l<span class=\"_ _0\"></span>egal o<span class=\"_ _0\"></span>r co<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>ive obl<span class=\"_ _0\"></span>igatio<span class=\"_ _0\"></span>n to pay fur<span class=\"_ _3\"></span>ther c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns in the e<span class=\"_ _0\"></span>vent that t<span class=\"_ _0\"></span>hese p<span class=\"_ _0\"></span>lans do n<span class=\"_ _0\"></span>ot hold<span class=\"_ _0\"></span> suf<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>icie<span class=\"_ _0\"></span>nt asse<span class=\"_ _0\"></span>ts to provid<span class=\"_ _0\"></span>e retire<span class=\"_ _0\"></span>ment b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ates a numb<span class=\"_ _0\"></span>er of def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>mes w<span class=\"_ _0\"></span>hich re<span class=\"_ _0\"></span>quire c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ibut<span class=\"_ _0\"></span>ions to b<span class=\"_ _0\"></span>e made to se<span class=\"_ _0\"></span>paratel<span class=\"_ _0\"></span>y admini<span class=\"_ _0\"></span>stered f<span class=\"_ _0\"></span>unds<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group\u2019s ne<span class=\"_ _0\"></span>t oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n in resp<span class=\"_ _0\"></span>ect of d<span class=\"_ _0\"></span>efin<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>it p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s is cal<span class=\"_ _0\"></span>culated s<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>ately for ea<span class=\"_ _0\"></span>ch plan by e<span class=\"_ _0\"></span>stimat<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt of futu<span class=\"_ _0\"></span>re ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts that e<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyees h<span class=\"_ _0\"></span>ave earn<span class=\"_ _0\"></span>ed in re<span class=\"_ _0\"></span>turn fo<span class=\"_ _0\"></span>r thei<span class=\"_ _0\"></span>r ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice i<span class=\"_ _0\"></span>n the c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>nt and pr<span class=\"_ _0\"></span>ior p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iods<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>at ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t is disco<span class=\"_ _0\"></span>unted to de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>ne its p<span class=\"_ _0\"></span>resent<span class=\"_ _0\"></span> value<span class=\"_ _0\"></span>, and th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e of any plan asse<span class=\"_ _0\"></span>t is de<span class=\"_ _0\"></span>ducte<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he disc<span class=\"_ _0\"></span>ount r<span class=\"_ _0\"></span>ate employe<span class=\"_ _0\"></span>d in de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>ning th<span class=\"_ _0\"></span>e prese<span class=\"_ _0\"></span>nt value of t<span class=\"_ _0\"></span>he sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s\u2019 liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es is deter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d by refere<span class=\"_ _0\"></span>nce to mar<span class=\"_ _0\"></span>ket yi<span class=\"_ _0\"></span>elds at t<span class=\"_ _0\"></span>he bala<span class=\"_ _0\"></span>nce sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t date on high q<span class=\"_ _0\"></span>ualit<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>orp<span class=\"_ _0\"></span>orate b<span class=\"_ _0\"></span>onds for a te<span class=\"_ _0\"></span>rm c<span class=\"_ _0\"></span>onsistent w<span class=\"_ _0\"></span>ith th<span class=\"_ _0\"></span>e cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y and term of th<span class=\"_ _0\"></span>e asso<span class=\"_ _0\"></span>ciated p<span class=\"_ _0\"></span>ost-<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mploy<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e net sur<span class=\"_ _0\"></span>plus o<span class=\"_ _0\"></span>r def<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>t aris<span class=\"_ _0\"></span>ing in th<span class=\"_ _0\"></span>e Group<span class=\"_ _0\"></span>\u2019s defin<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>it p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s are show<span class=\"_ _0\"></span>n withi<span class=\"_ _0\"></span>n eit<span class=\"_ _0\"></span>her no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>rrent as<span class=\"_ _0\"></span>sets o<span class=\"_ _0\"></span>r liabili<span class=\"_ _0\"></span>ties o<span class=\"_ _0\"></span>n the<span class=\"_ _0\"></span> face of th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p Bala<span class=\"_ _0\"></span>nce S<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et. T<span class=\"_ _0\"></span>he d<span class=\"_ _0\"></span>eferre<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x impa<span class=\"_ _0\"></span>ct of pen<span class=\"_ _0\"></span>sion sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e sur<span class=\"_ _0\"></span>pluse<span class=\"_ _0\"></span>s and def<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>its is dis<span class=\"_ _0\"></span>clos<span class=\"_ _0\"></span>ed se<span class=\"_ _0\"></span>paratel<span class=\"_ _0\"></span>y with<span class=\"_ _0\"></span>in defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax asset<span class=\"_ _0\"></span>s or liab<span class=\"_ _0\"></span>ilitie<span class=\"_ _0\"></span>s as appro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iate. The G<span class=\"_ _0\"></span>roup re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>s actua<span class=\"_ _0\"></span>rial g<span class=\"_ _0\"></span>ains and l<span class=\"_ _0\"></span>osses i<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>diately i<span class=\"_ _0\"></span>n other c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>rehe<span class=\"_ _0\"></span>nsive in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Any in<span class=\"_ _0\"></span>crease i<span class=\"_ _0\"></span>n the pre<span class=\"_ _0\"></span>sent val<span class=\"_ _0\"></span>ue of the p<span class=\"_ _0\"></span>lans\u2019 li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>ies ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted to ar<span class=\"_ _0\"></span>ise fro<span class=\"_ _0\"></span>m empl<span class=\"_ _0\"></span>oyee s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice du<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od is cha<span class=\"_ _0\"></span>rged to o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ating prof<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Group d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>mines n<span class=\"_ _0\"></span>et intere<span class=\"_ _0\"></span>st exp<span class=\"_ _0\"></span>ense<span class=\"_ _0\"></span>/(in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e) on the ne<span class=\"_ _0\"></span>t def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y/<span class=\"_ _2\"></span>(asset) for th<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d by apply<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he disc<span class=\"_ _0\"></span>ount rate us<span class=\"_ _0\"></span>ed to measu<span class=\"_ _0\"></span>re the d<span class=\"_ _0\"></span>efin<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>bligat<span class=\"_ _0\"></span>ion at t<span class=\"_ _0\"></span>he be<span class=\"_ _0\"></span>ginnin<span class=\"_ _0\"></span>g of the pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d. D<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>ces b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ween t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed bas<span class=\"_ _0\"></span>ed on t<span class=\"_ _0\"></span>he disc<span class=\"_ _0\"></span>ount r<span class=\"_ _0\"></span>ate and the ac<span class=\"_ _0\"></span>tual ret<span class=\"_ _0\"></span>urn o<span class=\"_ _0\"></span>n plan ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>, toget<span class=\"_ _0\"></span>her wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e ef<span class=\"_ _0\"></span>fect of c<span class=\"_ _0\"></span>hang<span class=\"_ _0\"></span>es in th<span class=\"_ _0\"></span>e cur<span class=\"_ _0\"></span>rent or p<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>r assumpt<span class=\"_ _0\"></span>ions u<span class=\"_ _0\"></span>nder<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>ties a<span class=\"_ _0\"></span>re rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in othe<span class=\"_ _0\"></span>r com<span class=\"_ _0\"></span>preh<span class=\"_ _0\"></span>ensive in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me. W<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>he be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>its of a def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it pla<span class=\"_ _0\"></span>n are impr<span class=\"_ _0\"></span>oved, t<span class=\"_ _0\"></span>he po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of the in<span class=\"_ _0\"></span>creas<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it re<span class=\"_ _0\"></span>lating to pas<span class=\"_ _0\"></span>t ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span> by empl<span class=\"_ _0\"></span>oyee<span class=\"_ _0\"></span>s is rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed as a pas<span class=\"_ _0\"></span>t ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice c<span class=\"_ _0\"></span>ost i<span class=\"_ _0\"></span>n the in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent at th<span class=\"_ _0\"></span>e ear<span class=\"_ _0\"></span>lier of th<span class=\"_ _0\"></span>e date whe<span class=\"_ _0\"></span>n the pla<span class=\"_ _0\"></span>n ame<span class=\"_ _0\"></span>ndme<span class=\"_ _0\"></span>nt oc<span class=\"_ _0\"></span>curs a<span class=\"_ _0\"></span>nd whe<span class=\"_ _0\"></span>n the re<span class=\"_ _0\"></span>lated rest<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>ctur<span class=\"_ _0\"></span>ing c<span class=\"_ _0\"></span>osts are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d. T<span class=\"_ _2\"></span>o th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>tent th<span class=\"_ _0\"></span>at the b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>its ve<span class=\"_ _0\"></span>st imm<span class=\"_ _0\"></span>edi<span class=\"_ _0\"></span>ately, the expe<span class=\"_ _0\"></span>nse is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d imme<span class=\"_ _0\"></span>diatel<span class=\"_ _0\"></span>y in the<span class=\"_ _0\"></span> inco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt.<span class=\"_ _363\"> </span>Share-B<span class=\"_ _0\"></span>ased Paymen<span class=\"_ _2\"></span>t Transactions<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e 201<span class=\"_ _2\"></span>1 Long T<span class=\"_ _2\"></span>er<span class=\"_ _0\"></span>m Ince<span class=\"_ _0\"></span>ntive P<span class=\"_ _0\"></span>lan (<span class=\"_ _0\"></span>\u201cL<span class=\"_ _2\"></span>T<span class=\"_ _0\"></span>IP<span class=\"_ _0\"></span>\u201d<span class=\"_ _0\"></span>) a<span class=\"_ _0\"></span>nd the S<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>Y<span class=\"_ _0\"></span>E S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me for U<span class=\"_ _0\"></span>K emp<span class=\"_ _0\"></span>loyee<span class=\"_ _0\"></span>s sho<span class=\"_ _0\"></span>uld ena<span class=\"_ _0\"></span>ble em<span class=\"_ _0\"></span>ploye<span class=\"_ _0\"></span>es to acq<span class=\"_ _0\"></span>uire share<span class=\"_ _0\"></span>s in the C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pany subje<span class=\"_ _0\"></span>ct to the c<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ditio<span class=\"_ _0\"></span>ns of the<span class=\"_ _0\"></span>se sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s. Ne<span class=\"_ _0\"></span>w units a<span class=\"_ _0\"></span>re issue<span class=\"_ _0\"></span>d to satisf<span class=\"_ _0\"></span>y o<span class=\"_ _0\"></span>bligati<span class=\"_ _0\"></span>ons un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>Y<span class=\"_ _0\"></span>E sche<span class=\"_ _0\"></span>me. E<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ents un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>he L<span class=\"_ _2\"></span>T<span class=\"_ _0\"></span>IP <span class=\"ls2\"> </span>may be sat<span class=\"_ _0\"></span>isfi<span class=\"_ _0\"></span>ed by th<span class=\"_ _0\"></span>e issue of un<span class=\"_ _0\"></span>its or by a ma<span class=\"_ _0\"></span>rket pu<span class=\"_ _0\"></span>rchase of un<span class=\"_ _0\"></span>its. T<span class=\"_ _0\"></span>he fa<span class=\"_ _0\"></span>ir value of sh<span class=\"_ _0\"></span>are enti<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>ments at t<span class=\"_ _0\"></span>he gr<span class=\"_ _0\"></span>ant date is rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed as an<span class=\"_ _0\"></span> empl<span class=\"_ _0\"></span>oyee e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nse in th<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>ome s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt over th<span class=\"_ _0\"></span>e vesti<span class=\"_ _0\"></span>ng pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d with a c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>respo<span class=\"_ _0\"></span>ndin<span class=\"_ _0\"></span>g incre<span class=\"_ _0\"></span>ase in eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y. The fair valu<span class=\"_ _0\"></span>e is deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed by an ex<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nal value<span class=\"_ _0\"></span>r using a b<span class=\"_ _0\"></span>inom<span class=\"_ _0\"></span>ial mo<span class=\"_ _0\"></span>del. S<span class=\"_ _0\"></span>hare e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ents gr<span class=\"_ _0\"></span>anted by the C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pany are sub<span class=\"_ _0\"></span>jec<span class=\"_ _0\"></span>t to cer<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ket based ve<span class=\"_ _0\"></span>stin<span class=\"_ _0\"></span>g con<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>ons.<span class=\"_ _0\"></span> Non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>ma<span class=\"_ _0\"></span>rket ves<span class=\"_ _0\"></span>ting c<span class=\"_ _0\"></span>ondi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns are not ta<span class=\"_ _0\"></span>ken into acc<span class=\"_ _0\"></span>ount wh<span class=\"_ _0\"></span>en est<span class=\"_ _0\"></span>imatin<span class=\"_ _0\"></span>g the fai<span class=\"_ _0\"></span>r value of ent<span class=\"_ _0\"></span>itl<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nts as at the g<span class=\"_ _0\"></span>rant date. T<span class=\"_ _0\"></span>he ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>e for share e<span class=\"_ _0\"></span>ntitl<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nts show<span class=\"_ _0\"></span>n in the in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me state<span class=\"_ _0\"></span>ment is a<span class=\"_ _0\"></span>djusted to ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct th<span class=\"_ _0\"></span>e numb<span class=\"_ _0\"></span>er of awards for whi<span class=\"_ _0\"></span>ch th<span class=\"_ _0\"></span>e related n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ket base<span class=\"_ _0\"></span>d vest<span class=\"_ _0\"></span>ing con<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>ons are ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted to be m<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>, such t<span class=\"_ _0\"></span>hat th<span class=\"_ _0\"></span>e amou<span class=\"_ _0\"></span>nt ultim<span class=\"_ _0\"></span>ately re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d as an exp<span class=\"_ _0\"></span>ense is b<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n the nu<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r of awards that me<span class=\"_ _0\"></span>et t<span class=\"_ _0\"></span>he related n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>ket base<span class=\"_ _0\"></span>d vest<span class=\"_ _0\"></span>ing co<span class=\"_ _0\"></span>ndit<span class=\"_ _0\"></span>ions at t<span class=\"_ _0\"></span>he vest<span class=\"_ _0\"></span>ing date. T<span class=\"_ _0\"></span>he pro<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>eds re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ived by t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>ompa<span class=\"_ _0\"></span>ny on the ve<span class=\"_ _0\"></span>sting of sh<span class=\"_ _0\"></span>are enti<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s <span class=\"ls2\"> </span>are cre<span class=\"_ _0\"></span>dited to sha<span class=\"_ _0\"></span>re capi<span class=\"_ _0\"></span>tal an<span class=\"_ _0\"></span>d share pre<span class=\"_ _0\"></span>mium w<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>he share e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ents are c<span class=\"_ _0\"></span>onver<span class=\"_ _3\"></span>ted or issu<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>1. <span class=\"_ _45\"> </span>Summary of Significant A<span class=\"_ _2\"></span>ccounting Policies<span class=\"ff85 ls9d ws54\"> continue<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>Gover<span class=\"_ _2\"></span>nment Grants<span class=\"_ _363\"> </span>Gover<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt grant<span class=\"_ _0\"></span>s and assis<span class=\"_ _0\"></span>tanc<span class=\"_ _0\"></span>e are re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d at thei<span class=\"_ _0\"></span>r fair valu<span class=\"_ _0\"></span>e in the in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me state<span class=\"_ _0\"></span>ment wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>ere is a reas<span class=\"_ _0\"></span>onab<span class=\"_ _0\"></span>le assur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e that th<span class=\"_ _0\"></span>e grant<span class=\"_ _0\"></span> will be re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>ved an<span class=\"_ _0\"></span>d all at<span class=\"_ _0\"></span>tach<span class=\"_ _0\"></span>ing co<span class=\"_ _0\"></span>ndit<span class=\"_ _0\"></span>ions h<span class=\"_ _0\"></span>ave bee<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>mplie<span class=\"_ _0\"></span>d with<span class=\"_ _0\"></span>. Wh<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e grant re<span class=\"_ _0\"></span>lates to an exp<span class=\"_ _0\"></span>ense i<span class=\"_ _0\"></span>tem, i<span class=\"_ _0\"></span>t is rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ating c<span class=\"_ _0\"></span>osts<span class=\"_ _0\"></span> withi<span class=\"_ _0\"></span>n the in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e state<span class=\"_ _0\"></span>ment ove<span class=\"_ _0\"></span>r the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od ne<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>sar<span class=\"_ _0\"></span>y to matc<span class=\"_ _0\"></span>h on a syste<span class=\"_ _0\"></span>matic b<span class=\"_ _0\"></span>asis to the co<span class=\"_ _0\"></span>sts th<span class=\"_ _0\"></span>at it is intend<span class=\"_ _0\"></span>ed to co<span class=\"_ _0\"></span>mpe<span class=\"_ _0\"></span>nsate. W<span class=\"_ _0\"></span>here t<span class=\"_ _0\"></span>he grant re<span class=\"_ _0\"></span>lates to a non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>nt asse<span class=\"_ _0\"></span>t, t<span class=\"_ _0\"></span>he value i<span class=\"_ _0\"></span>s credi<span class=\"_ _0\"></span>ted to a defer<span class=\"_ _0\"></span>red in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt and is rel<span class=\"_ _0\"></span>ease<span class=\"_ _0\"></span>d to the inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent over t<span class=\"_ _0\"></span>he exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted usefu<span class=\"_ _0\"></span>l life of the rel<span class=\"_ _0\"></span>evant ass<span class=\"_ _0\"></span>et.<span class=\"_ _363\"> </span>Income T<span class=\"_ _2\"></span>ax<span class=\"_ _363\"> </span>Inco<span class=\"_ _0\"></span>me ta<span class=\"_ _0\"></span>x in th<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>ome s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nt repre<span class=\"_ _0\"></span>sents t<span class=\"_ _0\"></span>he sum of cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt tax an<span class=\"_ _0\"></span>d defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Inco<span class=\"_ _0\"></span>me ta<span class=\"_ _0\"></span>x is re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nised i<span class=\"_ _0\"></span>n the in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent exc<span class=\"_ _0\"></span>ept to the e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>tent that i<span class=\"_ _0\"></span>t relates to items re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d dire<span class=\"_ _0\"></span>ctly i<span class=\"_ _0\"></span>n othe<span class=\"_ _0\"></span>r com<span class=\"_ _0\"></span>preh<span class=\"_ _0\"></span>ensive in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me.<span class=\"_ _363\"> </span>Cur<span class=\"_ _0\"></span>rent ta<span class=\"_ _0\"></span>x is base<span class=\"_ _0\"></span>d on ta<span class=\"_ _0\"></span>xabl<span class=\"_ _0\"></span>e profi<span class=\"_ _0\"></span>t and re<span class=\"_ _0\"></span>prese<span class=\"_ _0\"></span>nts the e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d tax p<span class=\"_ _0\"></span>ayable for t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>. T<span class=\"_ _2\"></span>axa<span class=\"_ _0\"></span>ble prof<span class=\"_ _0\"></span>it di<span class=\"_ _0\"></span>ffe<span class=\"_ _0\"></span>rs fro<span class=\"_ _0\"></span>m net p<span class=\"_ _0\"></span>rofit as re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ted in <span class=\"ls2\"> </span>the in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e state<span class=\"_ _0\"></span>ment b<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ause it e<span class=\"_ _0\"></span>xclude<span class=\"_ _0\"></span>s items of inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e or ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>e that are t<span class=\"_ _0\"></span>axab<span class=\"_ _0\"></span>le or d<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>ctibl<span class=\"_ _0\"></span>e in othe<span class=\"_ _0\"></span>r year<span class=\"_ _0\"></span>s and it f<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er excl<span class=\"_ _0\"></span>udes c<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain items t<span class=\"_ _0\"></span>hat are not ta<span class=\"_ _0\"></span>x de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tible i<span class=\"_ _0\"></span>nclu<span class=\"_ _0\"></span>ding pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ty d<span class=\"_ _0\"></span>epre<span class=\"_ _0\"></span>ciat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Group<span class=\"_ _0\"></span>\u2019s liabilit<span class=\"_ _0\"></span>y for c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>nt tax is c<span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span>ulated usin<span class=\"_ _0\"></span>g rates that h<span class=\"_ _0\"></span>ave bee<span class=\"_ _0\"></span>n enac<span class=\"_ _0\"></span>ted or su<span class=\"_ _0\"></span>bstant<span class=\"_ _0\"></span>ially e<span class=\"_ _0\"></span>nacte<span class=\"_ _0\"></span>d at the bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et date. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up\u2019s inco<span class=\"_ _0\"></span>me ta<span class=\"_ _0\"></span>x cha<span class=\"_ _0\"></span>rge ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts var<span class=\"_ _0\"></span>iou<span class=\"_ _0\"></span>s allowanc<span class=\"_ _0\"></span>es and r<span class=\"_ _0\"></span>eliefs a<span class=\"_ _0\"></span>nd plan<span class=\"_ _0\"></span>ning opp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>tu<span class=\"_ _0\"></span>niti<span class=\"_ _0\"></span>es availabl<span class=\"_ _0\"></span>e in the t<span class=\"_ _0\"></span>ax ju<span class=\"_ _0\"></span>risdi<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>ns in whi<span class=\"_ _0\"></span>ch the G<span class=\"_ _0\"></span>roup o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ates. T<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>termin<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of the Gro<span class=\"_ _0\"></span>up\u2019s charg<span class=\"_ _0\"></span>e for inc<span class=\"_ _0\"></span>ome t<span class=\"_ _0\"></span>ax in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent re<span class=\"_ _0\"></span>quires es<span class=\"_ _0\"></span>timates to be m<span class=\"_ _0\"></span>ade, o<span class=\"_ _0\"></span>n the b<span class=\"_ _0\"></span>asis of professio<span class=\"_ _0\"></span>nal adv<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>, in relat<span class=\"_ _0\"></span>ion to ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n mat<span class=\"_ _0\"></span>ters wh<span class=\"_ _0\"></span>ere th<span class=\"_ _0\"></span>e ultim<span class=\"_ _0\"></span>ate outco<span class=\"_ _0\"></span>me may not<span class=\"_ _0\"></span> be ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n and wh<span class=\"_ _0\"></span>ere an ex<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d per<span class=\"_ _0\"></span>iod m<span class=\"_ _0\"></span>ay be requ<span class=\"_ _0\"></span>ired b<span class=\"_ _0\"></span>efore suc<span class=\"_ _0\"></span>h mat<span class=\"_ _0\"></span>ters are d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he amo<span class=\"_ _0\"></span>unt sh<span class=\"_ _0\"></span>own for cur<span class=\"_ _0\"></span>rent t<span class=\"_ _0\"></span>axati<span class=\"_ _0\"></span>on ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts ta<span class=\"_ _0\"></span>x unc<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aintie<span class=\"_ _0\"></span>s and is base<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he Dire<span class=\"_ _0\"></span>ctor<span class=\"_ _0\"></span>s\u2019 es<span class=\"_ _0\"></span>timate of (i<span class=\"_ _0\"></span>) th<span class=\"_ _0\"></span>e mos<span class=\"_ _0\"></span>t likely am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>; or (<span class=\"_ _0\"></span>ii) t<span class=\"_ _0\"></span>he ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted valu<span class=\"_ _0\"></span>e of the pro<span class=\"_ _0\"></span>babl<span class=\"_ _0\"></span>e out<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>low of ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic<span class=\"_ _0\"></span> resou<span class=\"_ _0\"></span>rces t<span class=\"_ _0\"></span>hat will be re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he es<span class=\"_ _0\"></span>timates for in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me ta<span class=\"_ _0\"></span>x incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d in the f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts are c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>ered a<span class=\"_ _0\"></span>ppro<span class=\"_ _0\"></span>priate bu<span class=\"_ _0\"></span>t no assu<span class=\"_ _0\"></span>ranc<span class=\"_ _0\"></span>e can b<span class=\"_ _0\"></span>e given t<span class=\"_ _0\"></span>hat the f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>l deter<span class=\"_ _0\"></span>minat<span class=\"_ _0\"></span>ion of th<span class=\"_ _0\"></span>ese mat<span class=\"_ _0\"></span>ters w<span class=\"_ _0\"></span>ill not be mate<span class=\"_ _0\"></span>riall<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>ferent to th<span class=\"_ _0\"></span>e esti<span class=\"_ _0\"></span>mates inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>d in the f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ents.<span class=\"_ _0\"></span> Whils<span class=\"_ _0\"></span>t it is po<span class=\"_ _0\"></span>ssible<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>roup d<span class=\"_ _0\"></span>oes n<span class=\"_ _0\"></span>ot cur<span class=\"_ _0\"></span>rently a<span class=\"_ _0\"></span>ntici<span class=\"_ _0\"></span>pate that any su<span class=\"_ _0\"></span>ch dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s coul<span class=\"_ _0\"></span>d have a materi<span class=\"_ _0\"></span>al impa<span class=\"_ _0\"></span>ct on t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>ome t<span class=\"_ _0\"></span>ax pr<span class=\"_ _0\"></span>ovisio<span class=\"_ _0\"></span>n and prof<span class=\"_ _0\"></span>it for t<span class=\"_ _0\"></span>he pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d in whi<span class=\"_ _0\"></span>ch suc<span class=\"_ _0\"></span>h a deter<span class=\"_ _0\"></span>minat<span class=\"_ _0\"></span>ion is m<span class=\"_ _0\"></span>ade no<span class=\"_ _0\"></span>r do<span class=\"_ _0\"></span>es it ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct any sig<span class=\"_ _0\"></span>nifi<span class=\"_ _0\"></span>cant i<span class=\"_ _0\"></span>mpac<span class=\"_ _0\"></span>t on its f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial p<span class=\"_ _0\"></span>osit<span class=\"_ _0\"></span>ion in t<span class=\"_ _0\"></span>he ne<span class=\"_ _0\"></span>ar term<span class=\"_ _0\"></span>. This is b<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n the G<span class=\"_ _0\"></span>roup\u2019s k<span class=\"_ _0\"></span>nowle<span class=\"_ _0\"></span>dge an<span class=\"_ _0\"></span>d exp<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e, as well as t<span class=\"_ _0\"></span>he prof<span class=\"_ _0\"></span>ile of th<span class=\"_ _0\"></span>e indiv<span class=\"_ _0\"></span>idual c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nts whi<span class=\"_ _0\"></span>ch have be<span class=\"_ _0\"></span>en ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cted i<span class=\"_ _0\"></span>n the cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt tax li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>y, the stat<span class=\"_ _0\"></span>us of the ta<span class=\"_ _0\"></span>x audi<span class=\"_ _0\"></span>ts, e<span class=\"_ _0\"></span>nquir<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>nd neg<span class=\"_ _0\"></span>otiati<span class=\"_ _0\"></span>ons in pr<span class=\"_ _0\"></span>ogres<span class=\"_ _0\"></span>s at each ye<span class=\"_ _0\"></span>ar-e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>, previ<span class=\"_ _0\"></span>ous cl<span class=\"_ _0\"></span>aims and a<span class=\"_ _0\"></span>ny factors s<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>if<span class=\"_ _0\"></span>ic to the<span class=\"_ _0\"></span> relev<span class=\"_ _0\"></span>ant ta<span class=\"_ _0\"></span>x enviro<span class=\"_ _0\"></span>nment<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>Defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax is p<span class=\"_ _0\"></span>rovide<span class=\"_ _0\"></span>d, u<span class=\"_ _0\"></span>sing th<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y meth<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>, on all temp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g amou<span class=\"_ _0\"></span>nts of asset<span class=\"_ _0\"></span>s and liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es for f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g pur<span class=\"_ _0\"></span>pose<span class=\"_ _0\"></span>s and th<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unts use<span class=\"_ _0\"></span>d for ta<span class=\"_ _0\"></span>xatio<span class=\"_ _0\"></span>n pur<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>es. D<span class=\"_ _0\"></span>efer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x asse<span class=\"_ _0\"></span>ts and lia<span class=\"_ _0\"></span>biliti<span class=\"_ _0\"></span>es are m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>d at the ta<span class=\"_ _0\"></span>x rates t<span class=\"_ _0\"></span>hat are ex<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>ted to apply i<span class=\"_ _0\"></span>n the yea<span class=\"_ _0\"></span>r when t<span class=\"_ _0\"></span>he ass<span class=\"_ _0\"></span>et is realis<span class=\"_ _0\"></span>ed or t<span class=\"_ _0\"></span>he liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y is set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>ed bas<span class=\"_ _0\"></span>ed on r<span class=\"_ _0\"></span>ates that have b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n enac<span class=\"_ _0\"></span>ted or sub<span class=\"_ _0\"></span>stant<span class=\"_ _0\"></span>ially e<span class=\"_ _0\"></span>nacted at t<span class=\"_ _0\"></span>he balan<span class=\"_ _0\"></span>ce sh<span class=\"_ _0\"></span>eet d<span class=\"_ _0\"></span>ate.<span class=\"_ _363\"> </span>Defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax as<span class=\"_ _0\"></span>sets an<span class=\"_ _0\"></span>d liabili<span class=\"_ _0\"></span>ties a<span class=\"_ _0\"></span>re not rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nised fo<span class=\"_ _0\"></span>r the foll<span class=\"_ _0\"></span>owing temp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Go<span class=\"_ _0\"></span>odwill t<span class=\"_ _0\"></span>hat is not d<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>ctibl<span class=\"_ _0\"></span>e for ta<span class=\"_ _0\"></span>x pur<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>es;<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">T<span class=\"_ _2\"></span>emp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s arisin<span class=\"_ _0\"></span>g from t<span class=\"_ _0\"></span>he ini<span class=\"_ _0\"></span>tial re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gniti<span class=\"_ _0\"></span>on of an ass<span class=\"_ _0\"></span>et or lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y in a tr<span class=\"_ _0\"></span>ansac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n that is not a b<span class=\"_ _0\"></span>usines<span class=\"_ _0\"></span>s co<span class=\"_ _0\"></span>mbinat<span class=\"_ _0\"></span>ion an<span class=\"_ _0\"></span>d, at th<span class=\"_ _0\"></span>e </span>time of th<span class=\"_ _0\"></span>e tra<span class=\"_ _0\"></span>nsact<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, affe<span class=\"_ _0\"></span>cts n<span class=\"_ _0\"></span>eit<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>he acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>ing prof<span class=\"_ _0\"></span>it or t<span class=\"_ _0\"></span>axa<span class=\"_ _0\"></span>ble prof<span class=\"_ _0\"></span>it or l<span class=\"_ _0\"></span>oss; an<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">T<span class=\"_ _2\"></span>emp<span class=\"_ _0\"></span>ora<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s assoc<span class=\"_ _0\"></span>iated wi<span class=\"_ _0\"></span>th invest<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s in subsid<span class=\"_ _0\"></span>iari<span class=\"_ _0\"></span>es in whi<span class=\"_ _0\"></span>ch cas<span class=\"_ _0\"></span>e defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax is on<span class=\"_ _0\"></span>ly rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nised to th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>tent th<span class=\"_ _0\"></span>at it is pro<span class=\"_ _0\"></span>babl<span class=\"_ _0\"></span>e </span>that th<span class=\"_ _0\"></span>e temp<span class=\"_ _0\"></span>orar<span class=\"_ _3\"></span>y dif<span class=\"_ _0\"></span>ferenc<span class=\"_ _0\"></span>es will re<span class=\"_ _0\"></span>verse i<span class=\"_ _0\"></span>n the fore<span class=\"_ _0\"></span>see<span class=\"_ _0\"></span>able f<span class=\"_ _0\"></span>uture<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g amo<span class=\"_ _0\"></span>unt of defer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x asse<span class=\"_ _0\"></span>ts is rev<span class=\"_ _0\"></span>iewed at e<span class=\"_ _0\"></span>ach bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et date and re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ed to th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>tent that i<span class=\"_ _0\"></span>t is no lo<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>r prob<span class=\"_ _0\"></span>able t<span class=\"_ _0\"></span>hat suf<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>icie<span class=\"_ _0\"></span>nt ta<span class=\"_ _0\"></span>xable p<span class=\"_ _0\"></span>rofit wo<span class=\"_ _0\"></span>uld be avail<span class=\"_ _0\"></span>able to allow a<span class=\"_ _0\"></span>ll or par<span class=\"_ _3\"></span>t of the defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax as<span class=\"_ _0\"></span>set to be u<span class=\"_ _0\"></span>tilise<span class=\"_ _0\"></span>d.<span class=\"_ _363\"> </span>Share Capital<span class=\"_ _363\"> </span>Ordinary Shares<span class=\"_ _363\"> </span>Ordin<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>res are cl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>ied as e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>ty. Increm<span class=\"_ _0\"></span>enta<span class=\"_ _0\"></span>l cost<span class=\"_ _0\"></span>s direc<span class=\"_ _0\"></span>tly at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>tabl<span class=\"_ _0\"></span>e to the issu<span class=\"_ _0\"></span>e of ordina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y share<span class=\"_ _0\"></span>s are rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nised as a d<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on fro<span class=\"_ _0\"></span>m equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, n<span class=\"_ _0\"></span>et of any ta<span class=\"_ _0\"></span>x ef<span class=\"_ _0\"></span>fects<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Repurchase of<span class=\"_ _2\"></span> Share Capital<span class=\"_ _363\"> </span>Whe<span class=\"_ _0\"></span>n share c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised as e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y is p<span class=\"_ _0\"></span>urchas<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>, the am<span class=\"_ _0\"></span>ount of th<span class=\"_ _0\"></span>e con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n paid<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>ding dire<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ly at<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>but<span class=\"_ _0\"></span>able c<span class=\"_ _0\"></span>osts<span class=\"_ _0\"></span>, is rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nised<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>as a chan<span class=\"_ _0\"></span>ge in e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y.<span class=\"_ _363\"> </span>Dividen<span class=\"_ _0\"></span>ds<span class=\"_ _363\"> </span>Div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nds on o<span class=\"_ _0\"></span>rdinar<span class=\"_ _3\"></span>y shares are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d as a liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y in th<span class=\"_ _0\"></span>e Group\u2019s f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s in the p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod in w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>hey are d<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>lared by t<span class=\"_ _0\"></span>he Co<span class=\"_ _0\"></span>mpany. In the case of inter<span class=\"_ _0\"></span>im div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nds<span class=\"_ _0\"></span>, thes<span class=\"_ _0\"></span>e are co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>red to be d<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>lared w<span class=\"_ _0\"></span>hen t<span class=\"_ _0\"></span>hey are pa<span class=\"_ _0\"></span>id. In t<span class=\"_ _0\"></span>he case of f<span class=\"_ _0\"></span>inal di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>ends t<span class=\"_ _0\"></span>hese a<span class=\"_ _0\"></span>re <span class=\"ls2\"> </span>declared<span class=\"_ _4\"></span> when a<span class=\"_ _4\"></span>uthorised b<span class=\"_ _2\"></span>y the shar<span class=\"_ _2\"></span>eholders in Genera<span class=\"_ _2\"></span>l Meeting.<span class=\"_ _363\"> </span>1. <span class=\"_ _45\"> </span>Summary of Significant A<span class=\"_ _2\"></span>ccounting Policies<span class=\"ff85 ls9d ws54\"> continue<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>Share Capital<span class=\"ff85 ls36 wsf\"> continued<span class=\"_ _363\"> </span></span>Earnings P<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>r Share<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group p<span class=\"_ _0\"></span>resent<span class=\"_ _0\"></span>s basic an<span class=\"_ _0\"></span>d dilute<span class=\"_ _0\"></span>d ear<span class=\"_ _0\"></span>nings p<span class=\"_ _0\"></span>er share (<span class=\"_ _0\"></span>\u201c<span class=\"_ _0\"></span>EP<span class=\"_ _0\"></span>S<span class=\"_ _0\"></span>\u201d<span class=\"_ _0\"></span>) d<span class=\"_ _0\"></span>ata for it<span class=\"_ _0\"></span>s ordina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y share<span class=\"_ _0\"></span>s. B<span class=\"_ _0\"></span>asic EP<span class=\"_ _0\"></span>S is c<span class=\"_ _0\"></span>alcul<span class=\"_ _0\"></span>ated by divi<span class=\"_ _0\"></span>ding th<span class=\"_ _0\"></span>e profi<span class=\"_ _0\"></span>t or lo<span class=\"_ _0\"></span>ss att<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>utab<span class=\"_ _0\"></span>le to ordin<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>reho<span class=\"_ _0\"></span>lder<span class=\"_ _0\"></span>s of the C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any by the wei<span class=\"_ _0\"></span>ghted avera<span class=\"_ _0\"></span>ge num<span class=\"_ _0\"></span>ber of o<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>hares o<span class=\"_ _0\"></span>utst<span class=\"_ _0\"></span>andin<span class=\"_ _0\"></span>g duri<span class=\"_ _0\"></span>ng the p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>, adjus<span class=\"_ _0\"></span>ted for treas<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>res hel<span class=\"_ _0\"></span>d. Dil<span class=\"_ _0\"></span>uted E<span class=\"_ _0\"></span>PS is c<span class=\"_ _0\"></span>alcu<span class=\"_ _0\"></span>lated by div<span class=\"_ _0\"></span>iding t<span class=\"_ _0\"></span>he prof<span class=\"_ _0\"></span>it or l<span class=\"_ _0\"></span>oss at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ibut<span class=\"_ _0\"></span>able to o<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>hareh<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ers by th<span class=\"_ _0\"></span>e weighte<span class=\"_ _0\"></span>d averag<span class=\"_ _0\"></span>e numb<span class=\"_ _0\"></span>er of ordin<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>res ou<span class=\"_ _0\"></span>tsta<span class=\"_ _0\"></span>nding ad<span class=\"_ _0\"></span>justed for t<span class=\"_ _0\"></span>reasur<span class=\"_ _3\"></span>y shares h<span class=\"_ _0\"></span>eld and fo<span class=\"_ _0\"></span>r the ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>cts of all dilu<span class=\"_ _0\"></span>tive p<span class=\"_ _0\"></span>otential o<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>hares re<span class=\"_ _0\"></span>lated to employee share schemes.<span class=\"_ _363\"> </span>2<span class=\"_ _0\"></span>. <span class=\"_ _45\"> </span>Segment<span class=\"_ _2\"></span> I<span class=\"_ _0\"></span>nformation<span class=\"_ _363\"> </span>IFR<span class=\"_ _0\"></span>S 8 Ope<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g Se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nts req<span class=\"_ _0\"></span>uires op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ing se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nts to be id<span class=\"_ _0\"></span>entif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e basis of inter<span class=\"_ _0\"></span>nal rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>hat are re<span class=\"_ _0\"></span>gular<span class=\"_ _0\"></span>ly rev<span class=\"_ _0\"></span>iewed by t<span class=\"_ _0\"></span>he Chi<span class=\"_ _0\"></span>ef Op<span class=\"_ _0\"></span>eratin<span class=\"_ _0\"></span>g De<span class=\"_ _0\"></span>cisi<span class=\"_ _0\"></span>on Maker, being t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>oard<span class=\"_ _0\"></span>, in orde<span class=\"_ _0\"></span>r to alloc<span class=\"_ _0\"></span>ate resou<span class=\"_ _0\"></span>rces to th<span class=\"_ _0\"></span>e seg<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s and to asses<span class=\"_ _0\"></span>s the<span class=\"_ _0\"></span>ir per<span class=\"_ _3\"></span>forma<span class=\"_ _0\"></span>nce. T<span class=\"_ _0\"></span>hre<span class=\"_ _0\"></span>e rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span> seg<span class=\"_ _0\"></span>ments h<span class=\"_ _0\"></span>ave bee<span class=\"_ _0\"></span>n ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d, Dis<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>buti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, Retaili<span class=\"_ _0\"></span>ng and Ma<span class=\"_ _0\"></span>nufac<span class=\"_ _0\"></span>turi<span class=\"_ _0\"></span>ng.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Dist<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n seg<span class=\"_ _0\"></span>ment is e<span class=\"_ _0\"></span>ngag<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he dist<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of buildin<span class=\"_ _0\"></span>g and plu<span class=\"_ _0\"></span>mbing m<span class=\"_ _0\"></span>aterials p<span class=\"_ _0\"></span>rima<span class=\"_ _0\"></span>rily to pr<span class=\"_ _0\"></span>ofession<span class=\"_ _0\"></span>al trad<span class=\"_ _0\"></span>es pe<span class=\"_ _0\"></span>opl<span class=\"_ _0\"></span>e eng<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>d <span class=\"ls2\"> </span>in resid<span class=\"_ _0\"></span>entia<span class=\"_ _0\"></span>l repair, maintenanc<span class=\"_ _0\"></span>e and im<span class=\"_ _0\"></span>provem<span class=\"_ _0\"></span>ent proj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ts and also i<span class=\"_ _0\"></span>n reside<span class=\"_ _0\"></span>ntial a<span class=\"_ _0\"></span>nd othe<span class=\"_ _0\"></span>r new bui<span class=\"_ _0\"></span>ld co<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>ion f<span class=\"_ _0\"></span>rom a ne<span class=\"_ _0\"></span>twor<span class=\"_ _0\"></span>k of 31<span class=\"_ _2\"></span>6 bran<span class=\"_ _0\"></span>ches i<span class=\"_ _0\"></span>n the U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>, Irelan<span class=\"_ _0\"></span>d, th<span class=\"_ _0\"></span>e Net<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>lands a<span class=\"_ _0\"></span>nd Finl<span class=\"_ _0\"></span>and. T<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>radi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al merc<span class=\"_ _0\"></span>hantin<span class=\"_ _0\"></span>g busin<span class=\"_ _0\"></span>ess in Gre<span class=\"_ _0\"></span>at Bri<span class=\"_ _0\"></span>tain was dis<span class=\"_ _0\"></span>pose<span class=\"_ _0\"></span>d in 20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e aggre<span class=\"_ _0\"></span>gatio<span class=\"_ _0\"></span>n of ope<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g segm<span class=\"_ _0\"></span>ents into t<span class=\"_ _0\"></span>he Dis<span class=\"_ _0\"></span>trib<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span>on se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ts, in t<span class=\"_ _0\"></span>he op<span class=\"_ _0\"></span>inion of ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e simila<span class=\"_ _0\"></span>r ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic ch<span class=\"_ _0\"></span>arac<span class=\"_ _0\"></span>terist<span class=\"_ _0\"></span>ics<span class=\"_ _0\"></span> withi<span class=\"_ _0\"></span>n each of t<span class=\"_ _0\"></span>hese s<span class=\"_ _0\"></span>egm<span class=\"_ _0\"></span>ents as well as t<span class=\"_ _0\"></span>he simil<span class=\"_ _0\"></span>ar pro<span class=\"_ _0\"></span>duct<span class=\"_ _0\"></span>s and se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vic<span class=\"_ _0\"></span>es of<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>d and sup<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d and th<span class=\"_ _0\"></span>e class<span class=\"_ _0\"></span>es of custom<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>. Thi<span class=\"_ _0\"></span>s is asses<span class=\"_ _0\"></span>sed <span class=\"ls2\"> </span>by referenc<span class=\"_ _0\"></span>e to gross m<span class=\"_ _0\"></span>argins an<span class=\"_ _0\"></span>d long te<span class=\"_ _0\"></span>rm grow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h rates of the s<span class=\"_ _0\"></span>egm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Retaili<span class=\"_ _0\"></span>ng seg<span class=\"_ _0\"></span>ment o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rates Irelan<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>\u2019s largest D<span class=\"_ _0\"></span>IY an<span class=\"_ _0\"></span>d hom<span class=\"_ _0\"></span>e improve<span class=\"_ _0\"></span>ment b<span class=\"_ _0\"></span>usine<span class=\"_ _0\"></span>ss fro<span class=\"_ _0\"></span>m a net<span class=\"_ _0\"></span>wor<span class=\"_ _0\"></span>k of 35 stores t<span class=\"_ _0\"></span>hat supp<span class=\"_ _0\"></span>ly mainl<span class=\"_ _0\"></span>y retail<span class=\"_ _0\"></span> custom<span class=\"_ _0\"></span>ers wi<span class=\"_ _0\"></span>th a wid<span class=\"_ _0\"></span>e rang<span class=\"_ _0\"></span>e of produ<span class=\"_ _0\"></span>cts fo<span class=\"_ _0\"></span>r DIY a<span class=\"_ _0\"></span>nd for th<span class=\"_ _0\"></span>e hom<span class=\"_ _0\"></span>e and gard<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Manufa<span class=\"_ _0\"></span>ctur<span class=\"_ _0\"></span>ing se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>mpri<span class=\"_ _0\"></span>ses th<span class=\"_ _0\"></span>e large<span class=\"_ _0\"></span>st manu<span class=\"_ _0\"></span>factu<span class=\"_ _0\"></span>rer of dr<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>r in Great B<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ain op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ing fro<span class=\"_ _0\"></span>m 1<span class=\"_ _2\"></span>0 pl<span class=\"_ _0\"></span>ants, a<span class=\"_ _0\"></span>n indus<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>leadi<span class=\"_ _0\"></span>ng manu<span class=\"_ _0\"></span>facture<span class=\"_ _0\"></span>r and dis<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>butor of be<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>ke stairc<span class=\"_ _0\"></span>ases in t<span class=\"_ _0\"></span>he UK o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ating f<span class=\"_ _0\"></span>rom on<span class=\"_ _0\"></span>e manufa<span class=\"_ _0\"></span>ctur<span class=\"_ _0\"></span>ing fac<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y and a pl<span class=\"_ _0\"></span>astic<span class=\"_ _0\"></span>s manu<span class=\"_ _0\"></span>factur<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span> busine<span class=\"_ _0\"></span>ss in Irel<span class=\"_ _0\"></span>and.<span class=\"_ _363\"> </span>Informat<span class=\"_ _0\"></span>ion re<span class=\"_ _0\"></span>gardin<span class=\"_ _0\"></span>g the re<span class=\"_ _0\"></span>sults of ea<span class=\"_ _0\"></span>ch op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ng se<span class=\"_ _0\"></span>gment i<span class=\"_ _0\"></span>s inclu<span class=\"_ _0\"></span>ded i<span class=\"_ _0\"></span>n this note. Pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>manc<span class=\"_ _0\"></span>e is measu<span class=\"_ _0\"></span>red bas<span class=\"_ _0\"></span>ed on s<span class=\"_ _0\"></span>egm<span class=\"_ _0\"></span>ent op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ing prof<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span> (l<span class=\"_ _0\"></span>oss) as includ<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he inter<span class=\"_ _0\"></span>nal mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s that are re<span class=\"_ _0\"></span>viewe<span class=\"_ _0\"></span>d by the G<span class=\"_ _0\"></span>roup\u2019s Chi<span class=\"_ _0\"></span>ef Op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ng De<span class=\"_ _0\"></span>cisi<span class=\"_ _0\"></span>on Maker. Seg<span class=\"_ _0\"></span>ment o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ating p<span class=\"_ _0\"></span>rofit is<span class=\"_ _0\"></span> used to m<span class=\"_ _0\"></span>easure p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>manc<span class=\"_ _0\"></span>e as suc<span class=\"_ _0\"></span>h inform<span class=\"_ _0\"></span>ation is t<span class=\"_ _0\"></span>he mo<span class=\"_ _0\"></span>st rel<span class=\"_ _0\"></span>evant in eval<span class=\"_ _0\"></span>uating t<span class=\"_ _0\"></span>he resu<span class=\"_ _0\"></span>lts of the G<span class=\"_ _0\"></span>roup\u2019s se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nts.<span class=\"_ _0\"></span> No se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt is over reli<span class=\"_ _0\"></span>ant on any maj<span class=\"_ _0\"></span>or cus<span class=\"_ _0\"></span>tomer a<span class=\"_ _0\"></span>nd cre<span class=\"_ _0\"></span>dit r<span class=\"_ _0\"></span>isk is well dive<span class=\"_ _0\"></span>rsif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as discl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d in Note 1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>. S<span class=\"_ _0\"></span>egm<span class=\"_ _0\"></span>ent resul<span class=\"_ _0\"></span>ts, as<span class=\"_ _0\"></span>sets a<span class=\"_ _0\"></span>nd liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s inclu<span class=\"_ _0\"></span>de all i<span class=\"_ _0\"></span>tems dire<span class=\"_ _0\"></span>ctly at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le to a seg<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt cap<span class=\"_ _0\"></span>ital e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nditu<span class=\"_ _0\"></span>re is the total a<span class=\"_ _0\"></span>mount i<span class=\"_ _0\"></span>ncur<span class=\"_ _0\"></span>red d<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od to acqu<span class=\"_ _0\"></span>ire seg<span class=\"_ _0\"></span>ment as<span class=\"_ _0\"></span>sets t<span class=\"_ _0\"></span>hat are ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted to be us<span class=\"_ _0\"></span>ed for m<span class=\"_ _0\"></span>ore tha<span class=\"_ _0\"></span>n one ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unting p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>2<span class=\"_ _0\"></span>. <span class=\"_ _45\"> </span>Segment<span class=\"_ _2\"></span> I<span class=\"_ _0\"></span>nformation<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Group Income Statement<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Rev<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>nue<span class=\"_ _363\"> </span>UK distribution<span class=\"_ _1d4\"> </span><span class=\"ff83 ls13 ws22\">838<span class=\"_ _0\"></span>,64<span class=\"_ _0\"></span>4<span class=\"_ _21\"> </span></span><span class=\"ls36 wsf\">82<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,923<span class=\"_ _363\"> </span></span>Irelan<span class=\"_ _0\"></span>d distr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tion<span class=\"_ _1d5\"> </span><span class=\"ff83 lse7 wsb8\">618<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>7<span class=\"_ _b4\"> </span></span><span class=\"lsc0 ws9a\">5<span class=\"_ _0\"></span>44,289<span class=\"_ _363\"> </span></span>Netherlands di<span class=\"_ _2\"></span>stribution<span class=\"_ _1d6\"> </span><span class=\"ff83 ls155 ws169\">3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>3<span class=\"_ _b4\"> </span></span><span class=\"ls15a ws16d\">29<span class=\"_ _2\"></span>0,540<span class=\"_ _363\"> </span></span>Finland distribu<span class=\"_ _0\"></span>tion<span class=\"_ _1d7\"> </span><span class=\"ff83 ls134 ws145\">14<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,19<span class=\"_ _0\"></span>7<span class=\"_ _126\"> </span></span><span class=\"lsdd ws3b\">7<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>10<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>otal dist<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n \u2013 cont<span class=\"_ _0\"></span>inuing<span class=\"_ _18f\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>41<span class=\"_ _80\"> </span></span><span class=\"ls143 ws151\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _34\"></span>2<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>5<span class=\"_ _34\"></span>6<span class=\"_ _3\"></span>2<span class=\"_ _363\"> </span></span>Retailin<span class=\"_ _0\"></span>g<span class=\"_ _1d8\"> </span><span class=\"ff83 ls8b ws7c\">244<span class=\"_ _0\"></span>,021<span class=\"_ _b0\"> </span></span><span class=\"ls144 ws152\">2<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>,75<span class=\"_ _0\"></span>6<span class=\"_ _363\"> </span></span>Manufacturing<span class=\"_ _1d9\"> </span><span class=\"ff83 lse0 wsd7\">13<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _11f\"> </span></span><span class=\"lsdf wsd6\">112<span class=\"_ _34\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _34\"> </span>3<span class=\"_ _3\"></span>6<span class=\"_ _363\"> </span></span>Less: inte<span class=\"_ _0\"></span>r-seg<span class=\"_ _0\"></span>ment re<span class=\"_ _0\"></span>venue \u2013 m<span class=\"_ _0\"></span>anufac<span class=\"_ _0\"></span>turi<span class=\"_ _0\"></span>ng<span class=\"_ _1da\"> </span><span class=\"ff83 ls134 ws145\">(<span class=\"_ _0\"></span>13<span class=\"_ _3\"></span>,18<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _b4\"> </span></span><span class=\"ls89 wsd0\">(<span class=\"_ _0\"></span>12<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _34\"></span>4<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>otal r<span class=\"_ _4\"></span>ev<span class=\"_ _4\"></span>enue from<span class=\"_ _4\"></span> continuing operat<span class=\"_ _4\"></span>ions<span class=\"_ _1da\"> </span><span class=\"ls22 ws66\">2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>2<span class=\"_ _9d\"> </span><span class=\"ff84 ls2c ws14\">2,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>09,<span class=\"_ _2\"></span>909<span class=\"_ _363\"> </span></span></span>Segmental operating profit bef<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>re non-recurring it<span class=\"_ _4\"></span>ems, intangible amortisation aris<span class=\"_ _2\"></span>in<span class=\"_ _0\"></span>g on<span class=\"_ _4\"></span> acquisitions and other acquisition related it<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>ms<span class=\"_ _363\"> </span>UK distribution<span class=\"_ _1db\"> </span><span class=\"ff83 ls22 ws66\">8<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _2c\"> </span></span><span class=\"lsdd ws3b\">10<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _363\"> </span></span>Irelan<span class=\"_ _0\"></span>d distr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tion<span class=\"_ _1dc\"> </span><span class=\"ff83 lsc2 ws168\">7<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>74<span class=\"_ _126\"> </span></span><span class=\"ls36 wsf\">66,<span class=\"_ _2\"></span>792<span class=\"_ _363\"> </span></span>Netherlands di<span class=\"_ _2\"></span>stribution<span class=\"_ _fe\"> </span><span class=\"ff83 ls146 ws155\">3<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>6<span class=\"_ _34\"></span>4<span class=\"_ _0\"></span>1<span class=\"_ _c4\"> </span></span><span class=\"ls1a ws7d\">30,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span>Finland distribu<span class=\"_ _0\"></span>tion<span class=\"_ _1dd\"> </span><span class=\"ff83 lsa2 ws97\">20<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>321<span class=\"_ _60\"> </span></span><span class=\"ls0 ws77\">9,952<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>otal dist<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n \u2013 cont<span class=\"_ _0\"></span>inuing<span class=\"_ _185\"> </span><span class=\"ff83 ls31 ws27\">210<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>2<span class=\"_ _21\"> </span></span><span class=\"lsdf wsd6\">2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>11<span class=\"_ _363\"> </span></span>Retailin<span class=\"_ _0\"></span>g<span class=\"_ _1de\"> </span><span class=\"ff83 lsdb wsb1\">32<span class=\"_ _0\"></span>,5<span class=\"_ _0\"></span>75<span class=\"_ _11a\"> </span></span><span class=\"ls8e ws81\">50,858<span class=\"_ _363\"> </span></span>Manufacturing<span class=\"_ _1db\"> </span><span class=\"ff83 ls146 ws155\">2<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>0<span class=\"_ _34\"></span>3<span class=\"_ _5d\"> </span></span><span class=\"lsa2 ws97\">24<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>49<span class=\"_ _363\"> </span></span>270,24<span class=\"_ _0\"></span>0<span class=\"_ _2c\"> </span><span class=\"ff84 lsdd ws3b\">2<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>18<span class=\"_ _363\"> </span></span>Reconciliat<span class=\"_ _2\"></span>ion to cons<span class=\"_ _2\"></span>olidated operati<span class=\"_ _4\"></span>ng profit<span class=\"_ _363\"> </span>Central activities<span class=\"_ _1df\"> </span><span class=\"ff83 ls12a wsab\">(1<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>,453)<span class=\"_ _b4\"> </span><span class=\"ff84 ls14 wsb9\">(13,479)<span class=\"_ _363\"> </span></span></span>256,<span class=\"_ _2\"></span>787<span class=\"_ _2c\"> </span><span class=\"ff84 lsdd ws3b\">2<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>9<span class=\"_ _363\"> </span></span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y prof<span class=\"_ _0\"></span>its<span class=\"_ _11b\"> </span><span class=\"ff83 lsf ws9b\">25,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>81<span class=\"_ _63\"> </span></span><span class=\"ls14e ws15e\">1<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _34\"> </span>0<span class=\"_ _363\"> </span></span>Operating profit before<span class=\"_ _2\"></span> non-rec<span class=\"_ _0\"></span>urring items,<span class=\"_ _2\"></span> inta<span class=\"_ _0\"></span>ngible amortisation arising<span class=\"_ _2\"></span> on acquisitions and ot<span class=\"_ _4\"></span>her acquisition relat<span class=\"_ _2\"></span>ed items<span class=\"_ _17d\"> </span><span class=\"ls134 ws145\">2<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>8<span class=\"_ _11f\"> </span><span class=\"ff84 ls143 ws151\">2<span class=\"_ _3\"></span>8<span class=\"_ _34\"></span>7,<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _363\"> </span></span></span>Non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g items*<span class=\"_ _1d5\"> </span><span class=\"ff83 ls13 ws22\">3<span class=\"_ _0\"></span>,690<span class=\"_ _e7\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _363\"> </span></span>Operating profit before<span class=\"_ _2\"></span> intangible amor<span class=\"_ _0\"></span>tisation<span class=\"_ _4\"></span> arising on<span class=\"_ _4\"></span> acquisitions and<span class=\"_ _2\"></span> other acquisition relat<span class=\"_ _4\"></span>ed items<span class=\"_ _a3\"> </span><span class=\"ls68 ws5d\">285,858<span class=\"_ _21\"> </span><span class=\"ff84 ls143 ws151\">2<span class=\"_ _34\"></span>8<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _363\"> </span></span></span>Acqui<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>n relate<span class=\"_ _0\"></span>d items<span class=\"_ _1e0\"> </span><span class=\"ff83 lse4 wsdc\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>30<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _126\"> </span></span><span class=\"ls132 ws146\">(<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>,12<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>Am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isatio<span class=\"_ _0\"></span>n of intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>ets ar<span class=\"_ _0\"></span>ising o<span class=\"_ _0\"></span>n acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _172\"> </span><span class=\"ff83 ls134 ws145\">(<span class=\"_ _0\"></span>19<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _b0\"> </span></span><span class=\"lse8 wsde\">(<span class=\"_ _3\"></span>14<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>8)<span class=\"_ _363\"> </span></span>Operating profit<span class=\"_ _166\"> </span><span class=\"ls1a ws7d\">264<span class=\"_ _0\"></span>,26<span class=\"_ _0\"></span>6<span class=\"_ _21\"> </span><span class=\"ff84 ls132 ws146\">2<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,16<span class=\"_ _0\"></span>2<span class=\"_ _363\"> </span></span></span>Finan<span class=\"_ _4\"></span>ce expen<span class=\"_ _2\"></span>se<span class=\"_ _11c\"> </span><span class=\"ff83 ls22 ws66\">(2<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _2c\"> </span></span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>9)<span class=\"_ _363\"> </span></span>Finance inc<span class=\"_ _0\"></span>ome<span class=\"_ _1e1\"> </span><span class=\"ff83 ws22\">8,690<span class=\"_ _a3\"> </span></span><span class=\"lsdd ws3b\">1,<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span></span>Pro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>x<span class=\"_ _168\"> </span><span class=\"ls22 ws66\">2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>3<span class=\"_ _21\"> </span><span class=\"ff84 ls144 ws152\">2<span class=\"_ _0\"></span>49<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>97<span class=\"_ _363\"> </span></span></span>Inco<span class=\"_ _0\"></span>me ta<span class=\"_ _0\"></span>x ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>e<span class=\"_ _1e2\"> </span><span class=\"ff83 ls36 wsf\">(<span class=\"_ _2\"></span>43,065)<span class=\"_ _b0\"> </span><span class=\"ff84 lsef ws12e\">(42<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>52<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span>Pro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r ta<span class=\"_ _0\"></span>x fo<span class=\"_ _0\"></span>r the f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al ye<span class=\"_ _0\"></span>ar f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m co<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s<span class=\"_ _16a\"> </span><span class=\"lse7 wsb8\">2<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>18<span class=\"_ _b4\"> </span><span class=\"ff84 ls8b ws7c\">206<span class=\"_ _0\"></span>,8<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5<span class=\"_ _363\"> </span></span></span>Profi<span class=\"_ _0\"></span>t af<span class=\"_ _0\"></span>ter ta<span class=\"_ _0\"></span>x from di<span class=\"_ _0\"></span>scont<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>d op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ons<span class=\"_ _12d\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _b0\"> </span></span><span class=\"lsc0 ws9a\">1<span class=\"_ _2\"></span>34,422<span class=\"_ _363\"> </span></span>Pro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r ta<span class=\"_ _0\"></span>x fo<span class=\"_ _0\"></span>r the f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al ye<span class=\"_ _0\"></span>ar<span class=\"_ _16c\"> </span><span class=\"lse7 wsb8\">2<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>18<span class=\"_ _21\"> </span><span class=\"ff84 lsdd ws3b\">3<span class=\"_ _3\"></span>41,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>7<span class=\"_ _363\"> </span></span></span>* <span class=\"_ _35\"> </span>A non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g cur<span class=\"_ _3\"></span>tail<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t gain o<span class=\"_ _0\"></span>f \u00a33<span class=\"_ _0\"></span>.7 millio<span class=\"_ _0\"></span>n aro<span class=\"_ _0\"></span>se on c<span class=\"_ _0\"></span>los<span class=\"_ _0\"></span>ure to f<span class=\"_ _0\"></span>utu<span class=\"_ _0\"></span>re ac<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ual of a d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t pe<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>on sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me in I<span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>nd (<span class=\"_ _0\"></span>Note 3<span class=\"_ _0\"></span>0).<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e amou<span class=\"_ _0\"></span>nt of revenue<span class=\"_ _0\"></span>, fro<span class=\"_ _0\"></span>m cont<span class=\"_ _0\"></span>inuing o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns, by ge<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>raphi<span class=\"_ _0\"></span>c area is as foll<span class=\"_ _0\"></span>ows:<span class=\"_ _363\"> </span>2022  \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Rev<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>nue*<span class=\"_ _363\"> </span>United Kingd<span class=\"_ _0\"></span>om<span class=\"_ _1df\"> </span><span class=\"ff83 ls78 ws6b\">95<span class=\"_ _4\"></span>1<span class=\"_ _2\"></span>,557<span class=\"_ _21\"> </span><span class=\"ff84 lse8 wsde\">914<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>1<span class=\"_ _363\"> </span></span></span>Irelan<span class=\"_ _0\"></span>d*<span class=\"_ _3\"></span>*<span class=\"_ _1e3\"> </span><span class=\"ff83 ls13 ws22\">870,025<span class=\"_ _b4\"> </span></span><span class=\"ls6c ws61\">83<span class=\"_ _0\"></span>3,58<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span>Netherlands<span class=\"_ _1e4\"> </span><span class=\"ff83 ls155 ws169\">3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>3<span class=\"_ _b4\"> </span></span><span class=\"ls15a ws16d\">29<span class=\"_ _2\"></span>0,540<span class=\"_ _363\"> </span></span>Finland<span class=\"_ _1e5\"> </span><span class=\"ff83 ls134 ws145\">14<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,19<span class=\"_ _0\"></span>7<span class=\"_ _126\"> </span></span><span class=\"lsdd ws3b\">7<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>10<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>otal reven<span class=\"_ _0\"></span>ue \u2013 co<span class=\"_ _0\"></span>ntinuin<span class=\"_ _0\"></span>g ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ons<span class=\"_ _13d\"> </span><span class=\"ff83 ls22 ws66\">2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>2<span class=\"_ _40\"> </span></span><span class=\"ls2c ws14\">2,<span class=\"_ _5\"></span>1<span class=\"_ _2\"></span>09,9<span class=\"_ _4\"></span>09<span class=\"_ _363\"> </span></span>* <span class=\"_ _35\"> </span>Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce r<span class=\"_ _0\"></span>even<span class=\"_ _0\"></span>ue f<span class=\"_ _0\"></span>rom c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>inu<span class=\"_ _0\"></span>ing o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>ver t<span class=\"_ _0\"></span>ime<span class=\"_ _0\"></span>, amo<span class=\"_ _0\"></span>unte<span class=\"_ _0\"></span>d to \u00a39<span class=\"_ _0\"></span>.4 mi<span class=\"_ _0\"></span>llio<span class=\"_ _0\"></span>n for t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod (2<span class=\"_ _0\"></span>021: \u00a38.7 mil<span class=\"_ _0\"></span>lio<span class=\"_ _0\"></span>n)<span class=\"_ _363\"> </span>*<span class=\"_ _0\"></span><span class=\"_ _363\">* </span><span class=\"_ _36\"> </span>Graf<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span><span class=\"_ _363\">n Gro</span><span class=\"_ _0\"></span><span class=\"_ _363\">up p</span><span class=\"_ _0\"></span><span class=\"_ _363\">lc is d</span><span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>cil<span class=\"_ _0\"></span><span class=\"_ _363\">ed i</span><span class=\"_ _0\"></span><span class=\"_ _363\">n the R</span><span class=\"_ _0\"></span>epu<span class=\"_ _0\"></span>bli<span class=\"_ _0\"></span><span class=\"_ _363\">c of Ire</span><span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span><span class=\"_ _363\">d and t</span><span class=\"_ _0\"></span><span class=\"_ _363\">he re</span><span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span><span class=\"_ _363\">ues f</span><span class=\"_ _0\"></span><span class=\"_ _363\">rom e</span><span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span><span class=\"_ _363\">nal c</span><span class=\"_ _0\"></span>usto<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span><span class=\"_ _363\">rs in I</span><span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span><span class=\"_ _363\">and we</span><span class=\"_ _0\"></span><span class=\"_ _363\">re \u00a38</span><span class=\"_ _0\"></span>70.0<span class=\"_ _0\"></span><span class=\"_ _363\">m (20</span><span class=\"_ _0\"></span><span class=\"_ _363\">21: \u00a383</span><span class=\"_ _0\"></span>3.6<span class=\"_ _0\"></span>m)<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e analys<span class=\"_ _0\"></span>is of geo<span class=\"_ _0\"></span>grap<span class=\"_ _0\"></span>hic reve<span class=\"_ _0\"></span>nue ab<span class=\"_ _0\"></span>ove is the s<span class=\"_ _0\"></span>ame wh<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>er it is b<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n loc<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of assets o<span class=\"_ _0\"></span>r custom<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>2<span class=\"_ _0\"></span>. <span class=\"_ _45\"> </span>Segment<span class=\"_ _2\"></span> I<span class=\"_ _0\"></span>nformation<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Group Balance Sheet<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Segmen<span class=\"_ _0\"></span>t assets<span class=\"_ _363\"> </span>Distri<span class=\"_ _4\"></span>bution<span class=\"_ _1db\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>1<span class=\"_ _1af\"> </span></span><span class=\"lsdd ws3b\">1,7<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>3<span class=\"_ _363\"> </span></span>Retailin<span class=\"_ _0\"></span>g<span class=\"_ _1ce\"> </span><span class=\"ff83 ls68 ws5d\">1<span class=\"_ _2\"></span>98,295<span class=\"_ _b4\"> </span><span class=\"ff84 lsdd ws3b\">210<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _363\"> </span></span></span>Manufacturing<span class=\"_ _11b\"> </span><span class=\"ff83 ls33 ws29\">111,<span class=\"_ _34\"></span>3<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>0<span class=\"_ _8c\"> </span></span><span class=\"ls37 ws2d\">10<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,7<span class=\"_ _3\"></span>16<span class=\"_ _363\"> </span></span>2,262,33<span class=\"_ _4\"></span>6<span class=\"_ _eb\"> </span><span class=\"ff84 ls20 ws19\">2,096,08<span class=\"_ _0\"></span>9<span class=\"_ _363\"> </span></span>Unallo<span class=\"_ _2\"></span>cated as<span class=\"_ _2\"></span>sets<span class=\"_ _363\"> </span>Defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax as<span class=\"_ _0\"></span>sets<span class=\"_ _195\"> </span><span class=\"ff83 ls8b ws7c\">8,0<span class=\"_ _0\"></span>63<span class=\"_ _a3\"> </span></span><span class=\"ls144 ws152\">8<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>3<span class=\"_ _363\"> </span></span>Retire<span class=\"_ _0\"></span>ment b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t asset<span class=\"_ _0\"></span>s<span class=\"_ _194\"> </span><span class=\"ff83 ls6c ws61\">4,584<span class=\"_ _6d\"> </span></span><span class=\"ls6e ws10\">3,596<span class=\"_ _363\"> </span></span>Oth<span class=\"_ _0\"></span>er financial assets<span class=\"_ _1e6\"> </span><span class=\"ff83 ls89 wsd0\">12<span class=\"_ _0\"></span>9<span class=\"_ _10c\"> </span><span class=\"ff84\">12<span class=\"_ _0\"></span>6<span class=\"_ _363\"> </span></span></span>Cash an<span class=\"_ _0\"></span>d cash e<span class=\"_ _0\"></span>quiva<span class=\"_ _0\"></span>lents<span class=\"_ _1ad\"> </span><span class=\"ff83 ls33 ws29\">7<span class=\"_ _3\"></span>11<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1<span class=\"_ _b0\"> </span></span><span class=\"lsc0 ws9a\">84<span class=\"_ _0\"></span>4,663<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>otal assets<span class=\"_ _116\"> </span><span class=\"lsa7 ws9c\">2<span class=\"_ _0\"></span>,986<span class=\"_ _0\"></span>,8<span class=\"_ _0\"></span>33<span class=\"_ _cc\"> </span><span class=\"ff84 ls18 ws12\">2,95<span class=\"_ _0\"></span>3,<span class=\"_ _0\"></span>267<span class=\"_ _363\"> </span></span></span>2022  \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Segme<span class=\"_ _0\"></span>nt liabilities<span class=\"_ _363\"> </span>Distri<span class=\"_ _4\"></span>bution<span class=\"_ _1a5\"> </span><span class=\"ff83 ls146 ws155\">6<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _11f\"> </span></span><span class=\"ls132 ws146\">6<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,1<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _363\"> </span></span>Retailin<span class=\"_ _0\"></span>g<span class=\"_ _1ce\"> </span><span class=\"ff83 lse7 wsb8\">18<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>5<span class=\"_ _64\"> </span></span><span class=\"ls132 ws146\">2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,14<span class=\"_ _3\"></span>7<span class=\"_ _363\"> </span></span>Manufacturing<span class=\"_ _1e7\"> </span><span class=\"ff83\">33,5<span class=\"_ _0\"></span>45<span class=\"_ _c4\"> </span></span><span class=\"ls1a ws7d\">30,3<span class=\"_ _0\"></span>35<span class=\"_ _363\"> </span></span>8<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>9<span class=\"_ _b0\"> </span><span class=\"ff84 ls13 ws22\">8<span class=\"_ _0\"></span>89,6<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span>Unalloc<span class=\"_ _0\"></span>ated liabilities<span class=\"_ _363\"> </span>Interest b<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>ing loa<span class=\"_ _0\"></span>ns and b<span class=\"_ _0\"></span>orrowi<span class=\"_ _0\"></span>ngs (curre<span class=\"_ _0\"></span>nt and no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent)<span class=\"_ _1e8\"> </span><span class=\"ff83 ls47 ws3d\">253,50<span class=\"_ _0\"></span>2<span class=\"_ _b0\"> </span></span><span class=\"ls12f ws7a\">25<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>,6<span class=\"_ _3\"></span>31<span class=\"_ _363\"> </span></span>Retire<span class=\"_ _0\"></span>ment b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns<span class=\"_ _a6\"> </span><span class=\"ff83 ls8b ws7c\">1<span class=\"_ _2\"></span>5,06<span class=\"_ _0\"></span>8<span class=\"_ _76\"> </span><span class=\"ff84 ls6b wsb\">1<span class=\"_ _2\"></span>5,067<span class=\"_ _363\"> </span></span></span>Defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>ies<span class=\"_ _1e2\"> </span><span class=\"ff83 ls33 ws29\">6<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>11<span class=\"_ _76\"> </span></span><span class=\"ls36 wsf\">56,<span class=\"_ _0\"></span>402<span class=\"_ _363\"> </span></span>Cur<span class=\"_ _0\"></span>rent inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e tax li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>ies<span class=\"_ _193\"> </span><span class=\"ff83 lsa7 ws9c\">20,595<span class=\"_ _126\"> </span></span><span class=\"ls6b wsb\">1<span class=\"_ _2\"></span>5,956<span class=\"_ _363\"> </span></span>De<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ive f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ents (curr<span class=\"_ _0\"></span>ent)<span class=\"_ _187\"> </span><span class=\"ff83 ls20 ws19\">29<span class=\"_ _f7\"> </span></span><span class=\"ls2\">8<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>otal liabilit<span class=\"_ _4\"></span>ies<span class=\"_ _195\"> </span><span class=\"ls22 ws66\">1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>41,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _9d\"> </span><span class=\"ff84 lsdd ws3b\">1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>8<span class=\"_ _363\"> </span></span></span>Other segment infor<span class=\"_ _2\"></span>mat<span class=\"_ _0\"></span>ion (<span class=\"_ _2\"></span>includes discon<span class=\"_ _4\"></span>tinued operations in<span class=\"_ _4\"></span> 2021<span class=\"_ _2\"></span>)<span class=\"_ _363\"> </span>Y<span class=\"_ _4\"></span>ea<span class=\"_ _0\"></span>r En<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r<span class=\"_ _363\"> </span>Distributio<span class=\"_ _0\"></span>n<span class=\"_ _1e9\"> </span><span class=\"ls11f ws26\">Retailing<span class=\"_ _d4\"> </span>Manufacturing<span class=\"_ _1e9\"> </span><span class=\"lse1 ws11b\">Group<span class=\"_ _363\"> </span></span></span>2022  \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>2022  \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>2022  \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>2022  \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Capital expen<span class=\"_ _4\"></span>ditur<span class=\"_ _4\"></span>e<span class=\"_ _1a9\"> </span><span class=\"ff83 ls97 ws88\">46,<span class=\"_ _2\"></span>10<span class=\"_ _4\"></span>7<span class=\"_ _c8\"> </span><span class=\"ff84 ls47 ws3d\">3<span class=\"_ _0\"></span>4,<span class=\"_ _0\"></span>357<span class=\"_ _1ea\"> </span></span><span class=\"ls8b ws7c\">3,085<span class=\"_ _1ea\"> </span><span class=\"ff84 ls6b wsb\">5,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>40<span class=\"_ _9d\"> </span></span><span class=\"ls89 wsd0\">6<span class=\"_ _3\"></span>,12<span class=\"_ _0\"></span>6<span class=\"_ _10d\"> </span><span class=\"ff84 ls3f ws36\">3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>19<span class=\"_ _27\"> </span></span><span class=\"lse7 wsb8\">5<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>18<span class=\"_ _c6\"> </span><span class=\"ff84 ls37 ws2d\">4<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>16<span class=\"_ _363\"> </span></span></span></span></span></span>Investm<span class=\"_ _0\"></span>ent in int<span class=\"_ _0\"></span>angib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>ts<span class=\"_ _5e\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>51<span class=\"_ _11f\"> </span></span><span class=\"lsa2 ws97\">24<span class=\"_ _0\"></span>3<span class=\"_ _2c\"> </span></span><span class=\"ff83 ls2\">369<span class=\"_ _6d\"> </span><span class=\"ff84\">\u2013<span class=\"_ _db\"> </span></span><span class=\"ls1a ws7d\">702<span class=\"_ _2c\"> </span></span></span><span class=\"ls8e ws81\">584<span class=\"_ _2b\"> </span><span class=\"ff83 ls18 ws12\">2,52<span class=\"_ _0\"></span>2<span class=\"_ _21\"> </span></span><span class=\"ls13 ws22\">827<span class=\"_ _363\"> </span></span></span>Intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>ets ac<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d<span class=\"_ _17\"> </span><span class=\"ff83 lsa7 ws9c\">20,594<span class=\"_ _27\"> </span></span><span class=\"ls13 ws22\">79,0<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4<span class=\"_ _6d\"> </span></span><span class=\"ff83 ls2\">\u2013<span class=\"_ _6e\"> </span><span class=\"ff84\">\u2013<span class=\"_ _6d\"> </span></span>\u2013<span class=\"_ _6d\"> </span><span class=\"ff84\">\u2013<span class=\"_ _9a\"> </span></span><span class=\"lsa7 ws9c\">20,594<span class=\"_ _27\"> </span></span></span><span class=\"ls13 ws22\">79,0<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span>De<span class=\"_ _0\"></span>prec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n on pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ty, plant &amp; eq<span class=\"_ _0\"></span>uipm<span class=\"_ _0\"></span>ent<span class=\"_ _db\"> </span><span class=\"ff83 lsdb wsb1\">2<span class=\"_ _0\"></span>6,<span class=\"_ _0\"></span>575<span class=\"_ _134\"> </span></span><span class=\"lsdd ws3b\">3<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _40\"> </span><span class=\"ff83 ls134 ws145\">4<span class=\"_ _3\"></span>,14<span class=\"_ _0\"></span>7<span class=\"_ _40\"> </span></span><span class=\"ls1a ws7d\">3,<span class=\"_ _0\"></span>579<span class=\"_ _1ea\"> </span><span class=\"ff83 ls15 ws32\">3,4<span class=\"_ _0\"></span>49<span class=\"_ _80\"> </span></span><span class=\"ls132 ws146\">3<span class=\"_ _3\"></span>,17<span class=\"_ _3\"></span>1<span class=\"_ _1eb\"> </span><span class=\"ff83 ls134 ws145\">3<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>,17<span class=\"_ _3\"></span>1<span class=\"_ _1eb\"> </span></span><span class=\"ls12a wsab\">38,27<span class=\"_ _2\"></span>0<span class=\"_ _363\"> </span></span></span></span></span>De<span class=\"_ _0\"></span>prec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n on r<span class=\"_ _0\"></span>ight-<span class=\"_ _0\"></span>of use ass<span class=\"_ _0\"></span>et<span class=\"_ _1b9\"> </span><span class=\"ff83 ls89 wsd0\">4<span class=\"_ _34\"></span>3<span class=\"_ _0\"></span>,12<span class=\"_ _3\"></span>5<span class=\"_ _98\"> </span></span><span class=\"ls14e ws15e\">4<span class=\"_ _34\"> </span>3<span class=\"_ _34\"></span>,1<span class=\"_ _0\"></span>74<span class=\"_ _c5\"> </span><span class=\"ff83 ls89 wsd0\">15<span class=\"_ _3\"></span>,7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _c6\"> </span></span><span class=\"ls19 ws13\">15<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _9d\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>7<span class=\"_ _21\"> </span></span><span class=\"ls36 wsf\">829<span class=\"_ _c8\"> </span><span class=\"ff83 ls134 ws145\">6<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,14<span class=\"_ _0\"></span>2<span class=\"_ _c3\"> </span></span><span class=\"lsa2 ws97\">5<span class=\"_ _0\"></span>9,<span class=\"_ _0\"></span>624<span class=\"_ _363\"> </span></span></span></span></span>Am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isatio<span class=\"_ _0\"></span>n of intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>ets<span class=\"_ _24\"> </span><span class=\"ff83 ls134 ws145\">18<span class=\"_ _3\"></span>,10<span class=\"_ _3\"></span>7<span class=\"_ _c5\"> </span></span><span class=\"ls12a wsab\">1<span class=\"_ _2\"></span>5,000<span class=\"_ _2c\"> </span><span class=\"ff83 lse0 wsd7\">13<span class=\"_ _3\"></span>0<span class=\"_ _8c\"> </span></span><span class=\"ls89 wsd0\">12<span class=\"_ _3\"></span>2<span class=\"_ _1ea\"> </span><span class=\"ff83 ls8b ws7c\">2<span class=\"_ _0\"></span>,058<span class=\"_ _9d\"> </span></span><span class=\"lsa7 ws9c\">2,0<span class=\"_ _0\"></span>62<span class=\"_ _9b\"> </span><span class=\"ff83 ls13 ws22\">20,<span class=\"_ _0\"></span>295<span class=\"_ _c0\"> </span></span><span class=\"lsdd ws3b\">17,18<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span></span></span></span>Additional geographic<span class=\"_ _4\"></span> analysis<span class=\"_ _2\"></span> (includes<span class=\"_ _2\"></span> discontinued operations in 2021<span class=\"_ _2\"></span>)<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e following is a g<span class=\"_ _0\"></span>eo<span class=\"_ _0\"></span>grap<span class=\"_ _0\"></span>hic an<span class=\"_ _0\"></span>alysis of th<span class=\"_ _0\"></span>e inform<span class=\"_ _0\"></span>ation p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nted above.<span class=\"_ _363\"> </span>Finland<span class=\"_ _12\"> </span><span class=\"ls1f wsc\">Ireland<span class=\"_ _1cc\"> </span><span class=\"lse1 ws11b\">Ne<span class=\"_ _0\"></span>therlands<span class=\"_ _1ec\"> </span><span class=\"lsa9 ws9e\">UK<span class=\"_ _105\"> </span></span>Group<span class=\"_ _363\"> </span></span></span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Capital expen<span class=\"_ _4\"></span>ditur<span class=\"_ _4\"></span>e<span class=\"_ _b7\"> </span><span class=\"ff83 ls78 ws6b\">2,336<span class=\"_ _c0\"> </span></span><span class=\"lsdd ws3b\">1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>8<span class=\"_ _145\"> </span><span class=\"ff83 ls134 ws145\">16<span class=\"_ _3\"></span>,13<span class=\"_ _3\"></span>8<span class=\"_ _c7\"> </span></span><span class=\"ls89 wsd0\">12<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>5<span class=\"_ _c3\"> </span><span class=\"ff83 ls6c ws61\">4,386<span class=\"_ _98\"> </span></span><span class=\"ls0 ws77\">3,<span class=\"_ _0\"></span>529<span class=\"_ _135\"> </span></span></span></span><span class=\"ff83 ls12a\">32,458<span class=\"_ _145\"> </span></span><span class=\"ls14e ws15e\">2<span class=\"_ _0\"></span>6<span class=\"_ _34\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _34\"> </span>4<span class=\"_ _b3\"> </span><span class=\"ff83 lse7 wsb8\">5<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>18<span class=\"_ _c7\"> </span></span><span class=\"ls37 ws2d\">4<span class=\"_ _34\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>16<span class=\"_ _363\"> </span></span></span>Investm<span class=\"_ _0\"></span>ent in int<span class=\"_ _0\"></span>angib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>ts<span class=\"_ _b2\"> </span><span class=\"ff83 ls6c ws61\">772<span class=\"_ _6c\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _94\"> </span><span class=\"ff83\">369<span class=\"_ _6c\"> </span></span>\u2013<span class=\"_ _1ed\"> </span><span class=\"ff83 ls14 wsb9\">376<span class=\"_ _e9\"> </span></span><span class=\"ls3e ws35\">75<span class=\"_ _c3\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _c2\"> </span></span>752<span class=\"_ _1eb\"> </span><span class=\"ff83 ls18 ws12\">2<span class=\"_ _0\"></span>,522<span class=\"_ _69\"> </span></span><span class=\"ls13 ws22\">8<span class=\"_ _0\"></span>27<span class=\"_ _363\"> </span></span></span></span>Intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>ets ac<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d<span class=\"_ _1cc\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _b3\"> </span></span><span class=\"ls14e ws15e\">74<span class=\"_ _34\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>5<span class=\"_ _34\"> </span>4<span class=\"_ _b3\"> </span><span class=\"ff83 ls6c ws61\">1<span class=\"_ _2\"></span>2,586<span class=\"_ _98\"> </span><span class=\"ff84 ls14e ws15e\">4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>74<span class=\"_ _3\"></span>0<span class=\"_ _98\"> </span></span><span class=\"ls134 ws145\">6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>19<span class=\"_ _5f\"> </span><span class=\"ff84 ls2 ws0\">\u2013<span class=\"_ _c6\"> </span></span><span class=\"ls22 ws66\">1,7<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>9<span class=\"_ _5f\"> </span><span class=\"ff84 ls2 ws0\">\u2013<span class=\"_ _43\"> </span></span><span class=\"lsa7 ws9c\">20,59<span class=\"_ _0\"></span>4<span class=\"_ _99\"> </span><span class=\"ff84 ls13 ws22\">79,0<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span></span></span></span></span></span>Se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt non<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>curr<span class=\"_ _0\"></span>ent asse<span class=\"_ _0\"></span>ts<span class=\"_ _c5\"> </span><span class=\"ff83 ls3f ws36\">14<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>7<span class=\"_ _ae\"> </span></span><span class=\"ls89 wsd0\">12<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>1<span class=\"_ _97\"> </span><span class=\"ff83 ls134 ws145\">4<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,14<span class=\"_ _3\"></span>3<span class=\"_ _97\"> </span></span><span class=\"ls1a ws7d\">4<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>0,020<span class=\"_ _89\"> </span><span class=\"ff83 ls134 ws145\">2<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>,14<span class=\"_ _0\"></span>1<span class=\"_ _147\"> </span></span><span class=\"ls143 ws151\">2<span class=\"_ _3\"></span>0<span class=\"_ _34\"></span>7,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _34\"> </span>3<span class=\"_ _88\"> </span><span class=\"ff83 lsdb wsb1\">759,6<span class=\"_ _0\"></span>42<span class=\"_ _ae\"> </span></span><span class=\"ls132 ws146\">7<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,14<span class=\"_ _3\"></span>2<span class=\"_ _2a\"> </span><span class=\"ff83 lse0 wsd7\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>13<span class=\"_ _133\"> </span></span></span></span></span>1,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>12<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>6<span class=\"_ _363\"> </span></span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies he<span class=\"_ _0\"></span>ld for sal<span class=\"_ _0\"></span>e<span class=\"_ _1ee\"> </span><span class=\"ff83 ls78 ws6b\">4,364<span class=\"_ _eb\"> </span></span><span class=\"ls132 ws146\">6<span class=\"_ _3\"></span>,12<span class=\"_ _3\"></span>5<span class=\"_ _363\"> </span></span>In<span class=\"_ _4\"></span>vent<span class=\"_ _2\"></span>ories<span class=\"_ _1ef\"> </span><span class=\"ff83 ls15 ws32\">39<span class=\"_ _0\"></span>9,5<span class=\"_ _0\"></span>65<span class=\"_ _147\"> </span></span><span class=\"ls132 ws146\">3<span class=\"_ _3\"></span>4<span class=\"_ _34\"></span>4<span class=\"_ _3\"></span>,17<span class=\"_ _3\"></span>2<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r rec<span class=\"_ _0\"></span>eivab<span class=\"_ _0\"></span>les<span class=\"_ _1f0\"> </span><span class=\"ff83 ls146 ws155\">2<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>7,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _b9\"> </span></span><span class=\"ls20 ws19\">233,4<span class=\"_ _0\"></span>86<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>otal se<span class=\"_ _0\"></span>gment a<span class=\"_ _0\"></span>ssets<span class=\"_ _1f1\"> </span><span class=\"ff83 ls12a wsab\">2,262,33<span class=\"_ _4\"></span>6<span class=\"_ _1f2\"> </span><span class=\"ff84 ls20 ws19\">2,09<span class=\"_ _0\"></span>6,089<span class=\"_ _363\"> </span></span></span>Se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt liabilit<span class=\"_ _0\"></span>ies<span class=\"_ _b7\"> </span><span class=\"ff83 ls155 ws169\">39<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>8<span class=\"_ _99\"> </span></span><span class=\"ls20 ws19\">3<span class=\"_ _0\"></span>2,03<span class=\"_ _0\"></span>4<span class=\"_ _97\"> </span><span class=\"ff83 lse7 wsb8\">3<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,7<span class=\"_ _0\"></span>18<span class=\"_ _147\"> </span></span><span class=\"ls143 ws151\">3<span class=\"_ _3\"></span>7<span class=\"_ _34\"></span>7,<span class=\"_ _34\"></span>4<span class=\"_ _34\"></span>8<span class=\"_ _34\"></span>3<span class=\"_ _f0\"> </span><span class=\"ff83 lsa7 ws9c\">86,9<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>8<span class=\"_ _99\"> </span></span><span class=\"ls1a ws7d\">78,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>34<span class=\"_ _28\"> </span><span class=\"ff83 ls13 ws22\">385,655<span class=\"_ _b9\"> </span></span><span class=\"lsdd ws3b\">4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>3<span class=\"_ _88\"> </span><span class=\"ff83 ls22 ws66\">8<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>9<span class=\"_ _88\"> </span></span><span class=\"ls13 ws22\">88<span class=\"_ _0\"></span>9,6<span class=\"_ _0\"></span>04<span class=\"_ _363\"> </span></span></span></span></span></span>3. <span class=\"_ _1f2\"> </span>Operat<span class=\"_ _0\"></span>ing Costs<span class=\"_ _4\"></span> and Income<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e following h<span class=\"_ _0\"></span>ave bee<span class=\"_ _0\"></span>n charg<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>/(<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>) in arr<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>ng at op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ng prof<span class=\"_ _0\"></span>it:<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Continuing <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span> <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>(Incre<span class=\"_ _0\"></span>ase) in inventorie<span class=\"_ _0\"></span>s (Note 26)<span class=\"_ _1f3\"> </span><span class=\"ff83 ls16 ws10c\">(3<span class=\"_ _0\"></span>4,<span class=\"_ _0\"></span>66<span class=\"_ _3\"></span>4)<span class=\"_ _b4\"> </span></span><span class=\"ls14e ws15e\">(<span class=\"_ _3\"></span>74<span class=\"_ _34\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>5<span class=\"_ _34\"></span>6<span class=\"_ _3\"></span>)<span class=\"_ _11f\"> </span><span class=\"lsdd ws3b\">(8<span class=\"_ _3\"></span>1,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>14<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span>Purchases and consumables<span class=\"_ _1f4\"> </span><span class=\"ff83 ls6e ws10\">1<span class=\"_ _2\"></span>,467<span class=\"_ _2\"></span>,4<span class=\"_ _2\"></span>92<span class=\"_ _1ea\"> </span><span class=\"ff84 ls8e ws81\">1<span class=\"_ _2\"></span>,353,858<span class=\"_ _40\"> </span><span class=\"ls144 ws152\">1,7<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>6<span class=\"_ _363\"> </span></span></span></span>S<span class=\"_ _0\"></span>taf<span class=\"_ _0\"></span>f cos<span class=\"_ _0\"></span>ts before n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>ring i<span class=\"_ _0\"></span>tems (N<span class=\"_ _0\"></span>ote 6)<span class=\"_ _1f5\"> </span><span class=\"ff83 ls146 ws155\">3<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _34\"></span>4<span class=\"_ _8c\"> </span></span><span class=\"ls143 ws151\">3<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>7,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _34\"></span>6<span class=\"_ _21\"> </span></span><span class=\"ws77\">373,5<span class=\"_ _0\"></span>52<span class=\"_ _363\"> </span></span>Audito<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>\u2019s remune<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on \u2013 Grou<span class=\"_ _0\"></span>p and sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _0\"></span>ies<span class=\"_ _157\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>0<span class=\"_ _60\"> </span></span><span class=\"lsdd ws3b\">1,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _a3\"> </span>1,<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _34\"></span>0<span class=\"_ _363\"> </span></span>Audito<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>\u2019s remune<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on \u2013 Audi<span class=\"_ _0\"></span>t ser<span class=\"_ _3\"></span>vice<span class=\"_ _0\"></span>s provid<span class=\"_ _0\"></span>ed by oth<span class=\"_ _0\"></span>er f<span class=\"_ _0\"></span>irms<span class=\"_ _1f6\"> </span><span class=\"ff83 ls8b ws7c\">97<span class=\"_ _11\"> </span></span><span class=\"lsdd ws3b\">18<span class=\"_ _3\"></span>6<span class=\"_ _1c\"> </span>18<span class=\"_ _3\"></span>6<span class=\"_ _363\"> </span></span>De<span class=\"_ _0\"></span>prec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n (Note 1<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>a)<span class=\"_ _1f7\"> </span><span class=\"ff83 ls134 ws145\">3<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>,17<span class=\"_ _3\"></span>1<span class=\"_ _76\"> </span></span><span class=\"ls1a ws7d\">30,<span class=\"_ _0\"></span>28<span class=\"_ _0\"></span>9<span class=\"_ _c4\"> </span><span class=\"ls12a wsab\">38,27<span class=\"_ _2\"></span>0<span class=\"_ _363\"> </span></span></span>De<span class=\"_ _0\"></span>prec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n on r<span class=\"_ _0\"></span>ight-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>use ass<span class=\"_ _0\"></span>ets (N<span class=\"_ _0\"></span>ote 1<span class=\"_ _2\"></span>3b)<span class=\"_ _1f8\"> </span><span class=\"ff83 ls134 ws145\">6<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>,14<span class=\"_ _3\"></span>2<span class=\"_ _5d\"> </span></span><span class=\"ws77\">5<span class=\"_ _0\"></span>4,<span class=\"_ _0\"></span>552<span class=\"_ _5d\"> </span><span class=\"lsa2 ws97\">5<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>,624<span class=\"_ _363\"> </span></span></span>Lease re<span class=\"_ _0\"></span>ntals and ot<span class=\"_ _0\"></span>her h<span class=\"_ _0\"></span>ire charg<span class=\"_ _0\"></span>es (N<span class=\"_ _0\"></span>ote 1<span class=\"_ _2\"></span>3b)<span class=\"_ _1f8\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>7<span class=\"_ _112\"> </span></span><span class=\"ls14e ws15e\">1<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>74<span class=\"_ _60\"> </span><span class=\"lsdd ws3b\">1,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span></span></span>Am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isatio<span class=\"_ _0\"></span>n of intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>ets (N<span class=\"_ _0\"></span>ote 1<span class=\"_ _2\"></span>5)<span class=\"_ _7a\"> </span><span class=\"ff83 ls13 ws22\">20,295<span class=\"_ _126\"> </span></span><span class=\"ls19 ws13\">15<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _34\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _1b\"> </span><span class=\"lsdd ws3b\">17,<span class=\"_ _4\"></span>18<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span></span></span>(Prof<span class=\"_ _0\"></span>it)/l<span class=\"_ _0\"></span>oss on d<span class=\"_ _0\"></span>ispos<span class=\"_ _0\"></span>al of prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and eq<span class=\"_ _0\"></span>uipm<span class=\"_ _0\"></span>ent<span class=\"_ _1f9\"> </span><span class=\"ff83 lsbd wsb4\">(24<span class=\"_ _3\"></span>8)<span class=\"_ _71\"> </span></span><span class=\"lsc ws9\">3<span class=\"_ _0\"></span>37<span class=\"_ _fa\"> </span></span><span class=\"ws77\">522<span class=\"_ _363\"> </span></span>Acqui<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>n relate<span class=\"_ _0\"></span>d cost<span class=\"_ _0\"></span>s<span class=\"_ _1fa\"> </span><span class=\"ff83 ls68 ws5d\">2,306<span class=\"_ _a4\"> </span></span><span class=\"ls132 ws146\">4<span class=\"_ _3\"></span>,12<span class=\"_ _3\"></span>9<span class=\"_ _112\"> </span>4<span class=\"_ _34\"></span>,12<span class=\"_ _3\"></span>9<span class=\"_ _363\"> </span></span>Selling, distribution and admi<span class=\"_ _4\"></span>nistrative<span class=\"_ _2\"></span> exp<span class=\"_ _0\"></span>enses<span class=\"_ _1fb\"> </span><span class=\"ff83 lse7 wsb8\">17<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _db\"> </span></span><span class=\"ls19 ws13\">15<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>6<span class=\"_ _21\"> </span><span class=\"ls3f ws36\">19<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _34\"></span>4<span class=\"_ _0\"></span>7<span class=\"_ _363\"> </span></span></span>2,062<span class=\"_ _0\"></span>,597<span class=\"_ _9d\"> </span><span class=\"ff84 ls1f wsc\">1<span class=\"_ _2\"></span>,857<span class=\"_ _5\"></span>,4<span class=\"_ _0\"></span>87<span class=\"_ _1ea\"> </span><span class=\"ls4e ws45\">2,35<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,360<span class=\"_ _363\"> </span></span></span>Th<span class=\"_ _0\"></span>e following s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s were provi<span class=\"_ _0\"></span>ded by t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up\u2019s Auditor<span class=\"_ _0\"></span>:<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Audit serv<span class=\"_ _0\"></span>ices<span class=\"_ _363\"> </span>\u2013 Group A<span class=\"_ _0\"></span>uditor \u2013 P<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>C Irelan<span class=\"_ _0\"></span>d<span class=\"_ _1fc\"> </span><span class=\"ff83 ls60 ws5c\">738<span class=\"_ _12f\"> </span></span><span class=\"lsa7 ws9c\">6<span class=\"_ _0\"></span>62<span class=\"_ _363\"> </span></span>\u2013 Ot<span class=\"_ _0\"></span>her n<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>work f<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>m \u2013 P<span class=\"_ _0\"></span>wC<span class=\"_ _1fd\"> </span><span class=\"ff83 lsdb wsb1\">470<span class=\"_ _fa\"> </span></span><span class=\"ls47 ws3d\">355<span class=\"_ _363\"> </span></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>8<span class=\"_ _112\"> </span><span class=\"ff84 lsdd ws3b\">1,<span class=\"_ _0\"></span>017<span class=\"_ _363\"> </span></span>Othe<span class=\"_ _0\"></span>r assurance servic<span class=\"_ _0\"></span>es<span class=\"_ _363\"> </span>\u2013 Group A<span class=\"_ _0\"></span>uditor \u2013 P<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>C Irelan<span class=\"_ _0\"></span>d<span class=\"_ _1d0\"> </span><span class=\"ff83 lse0 wsd7\">13<span class=\"_ _22\"> </span><span class=\"ff84\">13<span class=\"_ _363\"> </span></span></span>\u2013 Ot<span class=\"_ _0\"></span>her n<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>work f<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>m \u2013 P<span class=\"_ _0\"></span>wC<span class=\"_ _1fe\"> </span><span class=\"ff83 ls31 ws27\">10<span class=\"_ _d1\"> </span></span><span class=\"lsdd ws3b\">10<span class=\"_ _363\"> </span></span>23<span class=\"_ _f4\"> </span><span class=\"ff84 ls20 ws19\">23<span class=\"_ _363\"> </span></span>Audito<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>\u2019s remune<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on \u2013 Grou<span class=\"_ _0\"></span>p and sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _0\"></span>ies<span class=\"_ _1ff\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>1<span class=\"_ _a3\"> </span></span><span class=\"lsdd ws3b\">1,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>0<span class=\"_ _363\"> </span></span>Other non-<span class=\"_ _0\"></span>audit services<span class=\"_ _363\"> </span>\u2013 Group A<span class=\"_ _0\"></span>uditor \u2013 P<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>C Irelan<span class=\"_ _0\"></span>d<span class=\"_ _1d0\"> </span><span class=\"ff83 ls134 ws145\">19<span class=\"_ _79\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _363\"> </span></span>\u2013 Ot<span class=\"_ _0\"></span>her n<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>work f<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>m \u2013 P<span class=\"_ _0\"></span>wC<span class=\"_ _200\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _363\"> </span></span></span>19<span class=\"_ _128\"> </span><span class=\"ff84 ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ax advisory ser<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ces<span class=\"_ _363\"> </span>\u2013 Group A<span class=\"_ _0\"></span>uditor \u2013 P<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>C Irelan<span class=\"_ _0\"></span>d<span class=\"_ _201\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _363\"> </span></span></span>\u2013 Ot<span class=\"_ _0\"></span>her n<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>work f<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>m \u2013 P<span class=\"_ _0\"></span>wC<span class=\"_ _200\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _363\"> </span></span></span>\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>otal (including expenses<span class=\"_ _2\"></span>)<span class=\"_ _363\"> </span>\u2013 Group A<span class=\"_ _0\"></span>uditor \u2013 P<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>C Irelan<span class=\"_ _0\"></span>d <span class=\"_ _202\"> </span><span class=\"ff83 ls1a ws7d\">770<span class=\"_ _fa\"> </span></span><span class=\"ls3e ws35\">6<span class=\"_ _0\"></span>75<span class=\"_ _363\"> </span></span>\u2013 Ot<span class=\"_ _0\"></span>her n<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>work f<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>m \u2013 P<span class=\"_ _0\"></span>wC<span class=\"_ _201\"> </span><span class=\"ff83 ls60 ws5c\">480<span class=\"_ _12f\"> </span></span><span class=\"ls78 ws6b\">365<span class=\"_ _363\"> </span></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>0<span class=\"_ _77\"> </span><span class=\"ff84 lsdd ws3b\">1,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>0<span class=\"_ _363\"> </span></span>4. <span class=\"_ _1f2\"> </span>Propert<span class=\"_ _0\"></span>y Profits<span class=\"_ _2\"></span>, Exceptional Items and Non-Recurring Items<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y prof<span class=\"_ _0\"></span>it of \u00a3<span class=\"_ _0\"></span>25.4 mill<span class=\"_ _0\"></span>ion (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a31<span class=\"_ _2\"></span>6.7 million) relates to prof<span class=\"_ _0\"></span>it on pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y dispo<span class=\"_ _0\"></span>sals of \u00a3<span class=\"_ _0\"></span>20.4 milli<span class=\"_ _0\"></span>on (2021<span class=\"_ _2\"></span>: \u00a3<span class=\"_ _0\"></span>6.8 m<span class=\"_ _0\"></span>illion) and fair val<span class=\"_ _0\"></span>ue gains of \u00a35.0 mill<span class=\"_ _0\"></span>ion (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a39.9 milli<span class=\"_ _0\"></span>on). In 2022<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e Group d<span class=\"_ _0\"></span>ispos<span class=\"_ _0\"></span>ed of six U<span class=\"_ _0\"></span>K prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies an<span class=\"_ _0\"></span>d one Ir<span class=\"_ _0\"></span>ish pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ty (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: one U<span class=\"_ _0\"></span>K prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, one Irish p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and si<span class=\"_ _0\"></span>x prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies in B<span class=\"_ _0\"></span>elgi<span class=\"_ _0\"></span>um). The fair valu<span class=\"_ _0\"></span>e gain of \u00a35.0 mi<span class=\"_ _0\"></span>llion in 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 relates to th<span class=\"_ _0\"></span>ree inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies in t<span class=\"_ _0\"></span>he UK an<span class=\"_ _0\"></span>d thre<span class=\"_ _0\"></span>e invest<span class=\"_ _0\"></span>ment p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s in Irela<span class=\"_ _0\"></span>nd. T<span class=\"_ _0\"></span>he fair va<span class=\"_ _0\"></span>lue gai<span class=\"_ _0\"></span>n of \u00a39.9 million r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in 20<span class=\"_ _0\"></span>21 related to four p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es whic<span class=\"_ _0\"></span>h were tr<span class=\"_ _0\"></span>ansfer<span class=\"_ _0\"></span>red to investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties du<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he year. Thes<span class=\"_ _0\"></span>e were pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties whi<span class=\"_ _0\"></span>ch were re<span class=\"_ _0\"></span>taine<span class=\"_ _0\"></span>d by the G<span class=\"_ _0\"></span>roup foll<span class=\"_ _0\"></span>owing th<span class=\"_ _0\"></span>e disp<span class=\"_ _0\"></span>osal of the T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>aditi<span class=\"_ _0\"></span>onal<span class=\"_ _0\"></span> Merc<span class=\"_ _0\"></span>hantin<span class=\"_ _0\"></span>g busin<span class=\"_ _0\"></span>ess in Gre<span class=\"_ _0\"></span>at Bri<span class=\"_ _0\"></span>tain in 2<span class=\"_ _0\"></span>021<span class=\"_ _2\"></span>. P<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y prof<span class=\"_ _0\"></span>its are d<span class=\"_ _0\"></span>etai<span class=\"_ _0\"></span>led f<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er in N<span class=\"_ _0\"></span>ote 1<span class=\"_ _2\"></span>3.<span class=\"_ _363\"> </span>In 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, a non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ng cur<span class=\"_ _3\"></span>tailme<span class=\"_ _0\"></span>nt gain of \u00a33<span class=\"_ _0\"></span>.<span class=\"_ _4\"></span>7 million a<span class=\"_ _0\"></span>rose o<span class=\"_ _0\"></span>n closu<span class=\"_ _0\"></span>re to future a<span class=\"_ _0\"></span>ccr<span class=\"_ _0\"></span>ual of a de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it p<span class=\"_ _0\"></span>ensio<span class=\"_ _0\"></span>n sch<span class=\"_ _0\"></span>eme in Ire<span class=\"_ _0\"></span>land (<span class=\"_ _0\"></span>Note 30).<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>ere were n<span class=\"_ _0\"></span>o other e<span class=\"_ _0\"></span>xcepti<span class=\"_ _0\"></span>onal i<span class=\"_ _0\"></span>tems rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised in 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2. O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her t<span class=\"_ _0\"></span>han th<span class=\"_ _0\"></span>e dispos<span class=\"_ _0\"></span>al cos<span class=\"_ _0\"></span>ts of the dis<span class=\"_ _0\"></span>cont<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>d op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ons whi<span class=\"_ _0\"></span>ch are d<span class=\"_ _0\"></span>etail<span class=\"_ _0\"></span>ed in N<span class=\"_ _0\"></span>ote 27<span class=\"_ _2\"></span>, the<span class=\"_ _0\"></span>re were no oth<span class=\"_ _0\"></span>er exc<span class=\"_ _0\"></span>eptio<span class=\"_ _0\"></span>nal co<span class=\"_ _0\"></span>sts re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nise<span class=\"_ _0\"></span>d in 2021.<span class=\"_ _363\"> </span>5. <span class=\"_ _1f2\"> </span>Directors\u2019 R<span class=\"_ _2\"></span>emuneration, Pension En<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>itlements and In<span class=\"_ _4\"></span>terests<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Emoluments<span class=\"_ _138\"> </span><span class=\"ff83 ls134 ws145\">2<span class=\"_ _3\"></span>,18<span class=\"_ _0\"></span>5<span class=\"_ _60\"> </span></span><span class=\"lsa7 ws9c\">2<span class=\"_ _0\"></span>,927<span class=\"_ _363\"> </span></span>Be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>its un<span class=\"_ _0\"></span>der Lo<span class=\"_ _0\"></span>ng T<span class=\"_ _2\"></span>er<span class=\"_ _0\"></span>m Inc<span class=\"_ _0\"></span>entive P<span class=\"_ _0\"></span>lan (<span class=\"_ _0\"></span>\u201cL<span class=\"_ _4\"></span>TIP<span class=\"_ _0\"></span>\u201d<span class=\"_ _3\"></span>)*<span class=\"_ _203\"> </span><span class=\"ff83 ls18 ws12\">352<span class=\"_ _a4\"> </span></span><span class=\"ls132 ws146\">2<span class=\"_ _3\"></span>,19<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>otal em<span class=\"_ _0\"></span>olum<span class=\"_ _0\"></span>ents<span class=\"_ _204\"> </span><span class=\"ff83 ls12a wsab\">2,537<span class=\"_ _a4\"> </span></span><span class=\"ls132 ws146\">5<span class=\"_ _3\"></span>,12<span class=\"_ _0\"></span>1<span class=\"_ _363\"> </span></span>Emoluments abov<span class=\"_ _2\"></span>e include the fol<span class=\"_ _4\"></span>lowing: Pension<span class=\"_ _2\"></span> payments/<span class=\"_ _2\"></span>contributi<span class=\"_ _4\"></span>ons**<span class=\"_ _205\"> </span><span class=\"ff83 lsdd ws3b\">2<span class=\"_ _0\"></span>16<span class=\"_ _206\"> </span></span><span class=\"ls89 wsd0\">2<span class=\"_ _0\"></span>12<span class=\"_ _363\"> </span></span>2<span class=\"_ _0\"></span>16<span class=\"_ _206\"> </span><span class=\"ff84 ls89 wsd0\">2<span class=\"_ _0\"></span>12<span class=\"_ _363\"> </span></span>*  <span class=\"_ _32\"> </span>F<span class=\"_ _0\"></span>or t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar en<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, thi<span class=\"_ _0\"></span>s is th<span class=\"_ _0\"></span>e valu<span class=\"_ _0\"></span>e of LTIP awards t<span class=\"_ _0\"></span>hat w<span class=\"_ _0\"></span>ill ve<span class=\"_ _0\"></span>st in S<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>temb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3. T<span class=\"_ _0\"></span>he ve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ing of t<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e award<span class=\"_ _0\"></span>s was su<span class=\"_ _0\"></span>bje<span class=\"_ _0\"></span>ct to p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ndi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span> over t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d fro<span class=\"_ _0\"></span>m 1 Jan<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>0 to 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e valu<span class=\"_ _0\"></span>e of th<span class=\"_ _0\"></span>e award<span class=\"_ _0\"></span>s is bas<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e aver<span class=\"_ _0\"></span>age s<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e pri<span class=\"_ _0\"></span>ce of \u00a3<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>.47 f<span class=\"_ _0\"></span>or th<span class=\"_ _0\"></span>e th<span class=\"_ _0\"></span>ree m<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>hs to 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>. For t<span class=\"_ _0\"></span>he ye<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _4\"></span>, thi<span class=\"_ _0\"></span>s is th<span class=\"_ _0\"></span>e valu<span class=\"_ _0\"></span>e of L<span class=\"_ _4\"></span>TIP awa<span class=\"_ _0\"></span>rds t<span class=\"_ _0\"></span>hat ve<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>d in May 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e valu<span class=\"_ _0\"></span>e of th<span class=\"_ _0\"></span>is award h<span class=\"_ _0\"></span>as be<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>n upd<span class=\"_ _0\"></span>ated f<span class=\"_ _0\"></span>rom t<span class=\"_ _0\"></span>hat d<span class=\"_ _0\"></span>isc<span class=\"_ _0\"></span>los<span class=\"_ _0\"></span>ed l<span class=\"_ _0\"></span>ast ye<span class=\"_ _0\"></span>ar to ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>ct t<span class=\"_ _0\"></span>he sh<span class=\"_ _0\"></span>are p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>e of \u00a3<span class=\"_ _0\"></span>9.71 on t<span class=\"_ _0\"></span>he da<span class=\"_ _0\"></span>te of vest<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>*<span class=\"_ _0\"></span>*  <span class=\"_ _38\"> </span>T<span class=\"_ _0\"></span>his is t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt of c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ion p<span class=\"_ _0\"></span>ayab<span class=\"_ _0\"></span>le in r<span class=\"_ _0\"></span>esp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cia<span class=\"_ _0\"></span>l yea<span class=\"_ _0\"></span>r by way of a co<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>any c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>ion to a p<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e or a t<span class=\"_ _0\"></span>axa<span class=\"_ _0\"></span>ble p<span class=\"_ _0\"></span>aym<span class=\"_ _0\"></span>ent i<span class=\"_ _0\"></span>n lie<span class=\"_ _0\"></span>u of pe<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>on ma<span class=\"_ _0\"></span>de thr<span class=\"_ _0\"></span>oug<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e pay<span class=\"_ _0\"></span>roll<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>is am<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>t is ac<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>uin<span class=\"_ _0\"></span>g to two d<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>cto<span class=\"_ _0\"></span>rs at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22 (2<span class=\"_ _0\"></span>021: two). Fur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er unau<span class=\"_ _0\"></span>dited infor<span class=\"_ _0\"></span>mati<span class=\"_ _0\"></span>on on D<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>ctors<span class=\"_ _0\"></span>\u2019 remun<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, pens<span class=\"_ _0\"></span>ion e<span class=\"_ _0\"></span>ntitl<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nts and inte<span class=\"_ _0\"></span>rests in s<span class=\"_ _0\"></span>hares an<span class=\"_ _0\"></span>d share e<span class=\"_ _0\"></span>ntitl<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nts is pres<span class=\"_ _0\"></span>ented in t<span class=\"_ _0\"></span>he Repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e Remun<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion C<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>tee on D<span class=\"_ _0\"></span>ire<span class=\"_ _0\"></span>ctors<span class=\"_ _0\"></span>\u2019 Remu<span class=\"_ _0\"></span>nerat<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>n page<span class=\"_ _0\"></span>s 1<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>3 to 1<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>5.<span class=\"_ _363\"> </span>6. Employmen<span class=\"_ _2\"></span>t<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e averag<span class=\"_ _0\"></span>e numb<span class=\"_ _0\"></span>er of per<span class=\"_ _0\"></span>sons e<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyed dur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he year by se<span class=\"_ _0\"></span>gm<span class=\"_ _0\"></span>ent was as follows:<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 Continuing<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _363\"> </span>Distri<span class=\"_ _4\"></span>bution<span class=\"_ _207\"> </span><span class=\"ff83 ls146 ws155\">7,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>1<span class=\"_ _112\"> </span></span><span class=\"ls3f ws36\">6<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>19<span class=\"_ _126\"> </span><span class=\"lsdd ws3b\">10<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>6<span class=\"_ _363\"> </span></span></span>Retailin<span class=\"_ _0\"></span>g<span class=\"_ _16d\"> </span><span class=\"ff83 ls89 wsd0\">1,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>15<span class=\"_ _60\"> </span></span><span class=\"lsdd ws3b\">1,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>4<span class=\"_ _34\"></span>4<span class=\"_ _a3\"> </span>1,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span></span>Manufacturing<span class=\"_ _117\"> </span><span class=\"ff83 lse7 wsb8\">318<span class=\"_ _11\"> </span></span><span class=\"ls6e ws10\">332<span class=\"_ _12f\"> </span>3<span class=\"_ _0\"></span>32<span class=\"_ _363\"> </span></span>Holding company<span class=\"_ _19b\"> </span><span class=\"ff83 ls6b wsb\">22<span class=\"_ _f5\"> </span></span><span class=\"lsc0 ws9a\">22<span class=\"_ _f4\"> </span>22<span class=\"_ _363\"> </span></span>8,826<span class=\"_ _a4\"> </span><span class=\"ff84 lsdd ws3b\">8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>17<span class=\"_ _5f\"> </span><span class=\"ls132 ws146\">12<span class=\"_ _3\"></span>,13<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span></span></span>Th<span class=\"_ _0\"></span>e aggre<span class=\"_ _0\"></span>gate remun<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion c<span class=\"_ _0\"></span>osts of e<span class=\"_ _0\"></span>mploye<span class=\"_ _0\"></span>es were<span class=\"_ _0\"></span>:<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 Continuing* \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Wages and s<span class=\"_ _0\"></span>alar<span class=\"_ _0\"></span>ies<span class=\"_ _14a\"> </span><span class=\"ff83 lsa7 ws9c\">2<span class=\"_ _0\"></span>90,9<span class=\"_ _0\"></span>58<span class=\"_ _db\"> </span></span><span class=\"lsdd ws3b\">2<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>6<span class=\"_ _34\"></span>8<span class=\"_ _3\"></span>3<span class=\"_ _21\"> </span>3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>7<span class=\"_ _363\"> </span></span>So<span class=\"_ _0\"></span>cial we<span class=\"_ _0\"></span>lfare co<span class=\"_ _0\"></span>sts<span class=\"_ _187\"> </span><span class=\"ff83 lsc0 ws9a\">34,3<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>6<span class=\"_ _11a\"> </span><span class=\"ff84 ls13 ws22\">29,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>83<span class=\"_ _c4\"> </span><span class=\"ls78 ws6b\">33,<span class=\"_ _0\"></span>836<span class=\"_ _363\"> </span></span></span></span>Shar<span class=\"_ _0\"></span>e based p<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nts cha<span class=\"_ _0\"></span>rge<span class=\"_ _1c8\"> </span><span class=\"ff83 ls134 ws145\">4<span class=\"_ _3\"></span>,7<span class=\"_ _3\"></span>19<span class=\"_ _a3\"> </span></span><span class=\"ls47 ws3d\">4,<span class=\"_ _0\"></span>387<span class=\"_ _77\"> </span><span class=\"ls5f ws5b\">5<span class=\"_ _0\"></span>,6<span class=\"_ _3\"></span>01<span class=\"_ _363\"> </span></span></span>Def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n (Note 30)<span class=\"_ _208\"> </span><span class=\"ff83 ls22 ws66\">(<span class=\"_ _0\"></span>1,7<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>)<span class=\"_ _5f\"> </span></span><span class=\"lsa7 ws9c\">2<span class=\"_ _0\"></span>,93<span class=\"_ _0\"></span>2<span class=\"_ _77\"> </span>2,9<span class=\"_ _0\"></span>32<span class=\"_ _363\"> </span></span>Def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>ntri<span class=\"_ _0\"></span>buti<span class=\"_ _0\"></span>on pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n and relate<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>ts<span class=\"_ _6a\"> </span><span class=\"ff83 lsa7 ws9c\">8<span class=\"_ _0\"></span>,94<span class=\"_ _0\"></span>8<span class=\"_ _77\"> </span></span><span class=\"ls8b ws7c\">8<span class=\"_ _0\"></span>,671<span class=\"_ _6e\"> </span><span class=\"ls13 ws22\">9,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>6<span class=\"_ _363\"> </span></span></span>St<span class=\"_ _0\"></span>af<span class=\"_ _0\"></span>f c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ts c<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>rge<span class=\"_ _0\"></span>d to o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it<span class=\"_ _1a7\"> </span><span class=\"ls146 ws155\">3<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>4<span class=\"_ _8c\"> </span><span class=\"ff84 ls143 ws151\">3<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>7,<span class=\"_ _34\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>6<span class=\"_ _21\"> </span><span class=\"ls0 ws77\">373,<span class=\"_ _0\"></span>552<span class=\"_ _363\"> </span></span></span></span>Net f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>ost on p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on sch<span class=\"_ _0\"></span>eme o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>ations (<span class=\"_ _0\"></span>Note 30)<span class=\"_ _209\"> </span><span class=\"ff83 ls31 ws27\">10<span class=\"_ _0\"></span>8<span class=\"_ _fa\"> </span></span><span class=\"ls2c ws14\">38<span class=\"_ _0\"></span>3<span class=\"_ _11d\"> </span>383<span class=\"_ _363\"> </span></span>Ch<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d to in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _20a\"> </span><span class=\"ls146 ws155\">3<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>12<span class=\"_ _8c\"> </span><span class=\"ff84 ls143 ws151\">3<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>7,<span class=\"_ _34\"> </span>4<span class=\"_ _34\"> </span>3<span class=\"_ _34\"> </span>9<span class=\"_ _21\"> </span><span class=\"lsa7 ws9c\">373,9<span class=\"_ _0\"></span>35<span class=\"_ _363\"> </span></span></span></span>Reme<span class=\"_ _0\"></span>asurem<span class=\"_ _0\"></span>ent lo<span class=\"_ _0\"></span>ss/(gain) on pe<span class=\"_ _0\"></span>nsion s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>mes (N<span class=\"_ _0\"></span>ote 30)<span class=\"_ _1c4\"> </span><span class=\"ff83 ls8b ws7c\">5,040<span class=\"_ _64\"> </span></span><span class=\"lse8 wsde\">(<span class=\"_ _0\"></span>14<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _b0\"> </span>(<span class=\"_ _0\"></span>14<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ot<span class=\"_ _0\"></span>al e<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>e be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>st<span class=\"_ _20b\"> </span><span class=\"ls18 ws12\">342<span class=\"_ _0\"></span>,352<span class=\"_ _b4\"> </span><span class=\"ff84 ls78 ws6b\">302<span class=\"_ _0\"></span>,553<span class=\"_ _b0\"> </span><span class=\"ls14 wsb9\">359<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>49<span class=\"_ _363\"> </span></span></span></span>* <span class=\"_ _35\"> </span>Th<span class=\"_ _0\"></span>is am<span class=\"_ _0\"></span>ount r<span class=\"_ _0\"></span>epr<span class=\"_ _0\"></span>ese<span class=\"_ _0\"></span>nts t<span class=\"_ _0\"></span>he ag<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>gate r<span class=\"_ _0\"></span>emu<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ts of em<span class=\"_ _0\"></span>pl<span class=\"_ _0\"></span>oye<span class=\"_ _0\"></span>es fr<span class=\"_ _0\"></span>om c<span class=\"_ _0\"></span>onti<span class=\"_ _0\"></span>nui<span class=\"_ _0\"></span>ng op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>ons o<span class=\"_ _0\"></span>nly.<span class=\"_ _363\"> </span>6. Employmen<span class=\"_ _2\"></span>t<span class=\"ff85 ls9d ws54\"> co<span class=\"_ _0\"></span>ntinu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e share<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>ased p<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nts char<span class=\"_ _0\"></span>ge was de<span class=\"_ _0\"></span>rive<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e basis of the G<span class=\"_ _0\"></span>roup\u2019s ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ctati<span class=\"_ _0\"></span>on of th<span class=\"_ _0\"></span>e numb<span class=\"_ _0\"></span>er of share<span class=\"_ _0\"></span>s likely to vest h<span class=\"_ _0\"></span>aving re<span class=\"_ _0\"></span>gard to the<span class=\"_ _0\"></span> ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e, the h<span class=\"_ _0\"></span>istori<span class=\"_ _0\"></span>c per<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>nce of th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p over th<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>iod si<span class=\"_ _0\"></span>nce t<span class=\"_ _0\"></span>he share e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ents were g<span class=\"_ _0\"></span>ranted a<span class=\"_ _0\"></span>nd the fo<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ast pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>form<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e over the<span class=\"_ _0\"></span> remain<span class=\"_ _0\"></span>ing life of share awards<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal cap<span class=\"_ _0\"></span>italis<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>osts in 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 were \u00a3N<span class=\"_ _0\"></span>il (2021<span class=\"_ _2\"></span>: \u00a3Nil<span class=\"_ _0\"></span>).<span class=\"_ _363\"> </span>K<span class=\"_ _2\"></span>ey Management<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e cost of key ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>ment i<span class=\"_ _0\"></span>nclud<span class=\"_ _0\"></span>ing Di<span class=\"_ _0\"></span>recto<span class=\"_ _0\"></span>rs is set o<span class=\"_ _0\"></span>ut in t<span class=\"_ _0\"></span>he tab<span class=\"_ _0\"></span>le be<span class=\"_ _0\"></span>low:<span class=\"_ _363\"> </span>2022<span class=\"_ _74\"> </span><span class=\"ff84 lsd4 wscc\">2<span class=\"_ _0\"></span>021<span class=\"_ _363\"> </span></span>Number of i<span class=\"_ _4\"></span>ndividuals*<span class=\"_ _195\"> </span><span class=\"ff83 ls31 ws27\">10<span class=\"_ _26\"> </span></span><span class=\"ls2 ws0\">8<span class=\"_ _363\"> </span></span>2022  \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t ter<span class=\"_ _0\"></span>m emp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>e ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts<span class=\"_ _20c\"> </span><span class=\"ff83 ls78 ws6b\">2,37<span class=\"_ _0\"></span>7<span class=\"_ _77\"> </span></span><span class=\"lse4 wsdc\">3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>76<span class=\"_ _363\"> </span></span>Shar<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>base<span class=\"_ _0\"></span>d paym<span class=\"_ _0\"></span>ent ch<span class=\"_ _0\"></span>arge<span class=\"_ _1b0\"> </span><span class=\"ff83 ls157 ws16b\">5<span class=\"_ _0\"></span>41<span class=\"_ _60\"> </span></span><span class=\"lsdd ws3b\">1,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>5<span class=\"_ _363\"> </span></span>Retire<span class=\"_ _0\"></span>ment b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts exp<span class=\"_ _0\"></span>ense<span class=\"_ _20d\"> </span><span class=\"ff83 lsdb wsb1\">275<span class=\"_ _fa\"> </span></span><span class=\"ls13 ws22\">272<span class=\"_ _363\"> </span></span>Charg<span class=\"_ _0\"></span>ed to op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ng prof<span class=\"_ _0\"></span>it<span class=\"_ _20d\"> </span><span class=\"ff83 ls134 ws145\">3<span class=\"_ _3\"></span>,19<span class=\"_ _3\"></span>3<span class=\"_ _77\"> </span></span><span class=\"lsa7 ws9c\">4<span class=\"_ _0\"></span>,9<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>3<span class=\"_ _363\"> </span></span>*  <span class=\"_ _32\"> </span>I<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s Avis D<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>zin<span class=\"_ _0\"></span>s who j<span class=\"_ _0\"></span>oin<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n 1 Fe<span class=\"_ _0\"></span>br<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, Er<span class=\"_ _0\"></span>ic B<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>n wh<span class=\"_ _0\"></span>o joi<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>d on 2<span class=\"_ _0\"></span>8 Nove<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 an<span class=\"_ _0\"></span>d Gavi<span class=\"_ _0\"></span>n Sla<span class=\"_ _0\"></span>rk w<span class=\"_ _0\"></span>ho le<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>t on 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _363\"> </span>7<span class=\"_ _2\"></span>. <span class=\"_ _38\"> </span>Finance Expense and Finance Income<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>\u00a3\u201900<span class=\"_ _363\"> </span>0<span class=\"_ _363\"> </span>Finance expense:<span class=\"_ _363\"> </span>Interest o<span class=\"_ _0\"></span>n bank l<span class=\"_ _0\"></span>oans<span class=\"_ _0\"></span>, US se<span class=\"_ _0\"></span>nior n<span class=\"_ _0\"></span>otes and overd<span class=\"_ _0\"></span>raf<span class=\"_ _0\"></span>ts<span class=\"_ _18a\"> </span><span class=\"ff83 ls31 ws27\">5<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>1*<span class=\"_ _6c\"> </span></span><span class=\"lsa2 ws97\">6<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>9<span class=\"_ _363\"> </span></span><span class=\"lsa2 ws97\"><span class=\"_ _0\"></span>*<span class=\"_ _363\"> </span></span>Int<span class=\"_ _4\"></span>erest on lease l<span class=\"_ _4\"></span>iabilities<span class=\"_ _1d6\"> </span><span class=\"ff83 ls134 ws145\">1<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>19<span class=\"_ _3\"></span>*<span class=\"_ _8c\"> </span></span><span class=\"lse8 wsde\">14<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>7<span class=\"_ _363\"> </span></span><span class=\"lse8 wsde\"><span class=\"_ _0\"></span>*<span class=\"_ _363\"> </span></span>Net f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>ost on p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on sch<span class=\"_ _0\"></span>eme o<span class=\"_ _0\"></span>blig<span class=\"_ _0\"></span>ations<span class=\"_ _1cb\"> </span><span class=\"ff83 ls31 ws27\">10<span class=\"_ _3\"></span>8<span class=\"_ _fa\"> </span></span><span class=\"ls2c ws14\">38<span class=\"_ _363\"> </span></span><span class=\"ls2c ws14\">3<span class=\"_ _363\"> </span></span>Fore<span class=\"_ _0\"></span>ign exch<span class=\"_ _0\"></span>ange l<span class=\"_ _0\"></span>oss<span class=\"_ _1dd\"> </span><span class=\"ff83 ls78 ws6b\">655<span class=\"_ _e7\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _363\"> </span></span>2<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>3<span class=\"_ _126\"> </span><span class=\"ff84 lsdd ws3b\">2<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _363\"> </span></span>Finance income:<span class=\"_ _363\"> </span>Interest in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me on ba<span class=\"_ _0\"></span>nk de<span class=\"_ _0\"></span>posi<span class=\"_ _0\"></span>ts<span class=\"_ _20e\"> </span><span class=\"ff83 ls103 wsf8\">(8,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0)<span class=\"_ _0\"></span>*<span class=\"_ _131\"> </span></span><span class=\"ls3f ws36\">(<span class=\"_ _0\"></span>19<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span><span class=\"ls3f ws36\"><span class=\"_ _3\"></span>*<span class=\"_ _363\"> </span></span>Foreign ex<span class=\"_ _4\"></span>change gain<span class=\"_ _20f\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _6e\"> </span></span><span class=\"lsdf wsd6\">(<span class=\"_ _3\"></span>1,<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>1<span class=\"_ _363\"> </span></span><span class=\"lsdf wsd6\">1)<span class=\"_ _363\"> </span></span>(8,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0)<span class=\"_ _c4\"> </span><span class=\"ff84 lsdd ws3b\">(<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>Net f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce ex<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>se rec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ised in i<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement<span class=\"_ _210\"> </span><span class=\"ff83 ls89 wsd0\">12<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>3<span class=\"_ _63\"> </span></span><span class=\"ls3f ws36\">19<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>5<span class=\"_ _363\"> </span></span>*  <span class=\"_ _32\"> </span>N<span class=\"_ _0\"></span>et b<span class=\"_ _0\"></span>ank a<span class=\"_ _0\"></span>nd US s<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ior n<span class=\"_ _0\"></span>ote inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e of \u00a33<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>1 m<span class=\"_ _0\"></span>illi<span class=\"_ _0\"></span>on (20<span class=\"_ _0\"></span>21: \u00a36.<span class=\"_ _2\"></span>1 mi<span class=\"_ _0\"></span>llio<span class=\"_ _0\"></span>n ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse). In<span class=\"_ _0\"></span>clu<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g inter<span class=\"_ _0\"></span>est o<span class=\"_ _0\"></span>n le<span class=\"_ _0\"></span>ase li<span class=\"_ _0\"></span>abil<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>is am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s to \u00a31<span class=\"_ _2\"></span>1.8 mil<span class=\"_ _0\"></span>lio<span class=\"_ _0\"></span>n ex<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>se (20<span class=\"_ _0\"></span>21:<span class=\"_ _363\"> </span> \u00a320.7 million expe<span class=\"_ _0\"></span>nse).<span class=\"_ _363\"> </span>Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s re<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g to ite<span class=\"_ _0\"></span>ms n<span class=\"_ _0\"></span>ot at f<span class=\"_ _0\"></span>ai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue th<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>ug<span class=\"_ _0\"></span>h in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _363\"> </span>\u2013 T<span class=\"_ _2\"></span>otal fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ense o<span class=\"_ _0\"></span>n fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al liabili<span class=\"_ _0\"></span>ties<span class=\"_ _142\"> </span><span class=\"ff83 ls22 ws66\">21,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>3<span class=\"_ _63\"> </span></span><span class=\"lsdd ws3b\">2<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _363\"> </span></span>\u2013 T<span class=\"_ _2\"></span>otal fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>ome o<span class=\"_ _0\"></span>n fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al asset<span class=\"_ _0\"></span>s<span class=\"_ _1c0\"> </span><span class=\"ff83 ls103 wsf8\">(8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0)<span class=\"_ _c4\"> </span></span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span></span><span class=\"lsdd ws3b\"><span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>Recognised directly in other comprehensive income<span class=\"_ _363\"> </span>Cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y transl<span class=\"_ _0\"></span>ation e<span class=\"_ _0\"></span>ffe<span class=\"_ _0\"></span>cts o<span class=\"_ _0\"></span>n foreig<span class=\"_ _0\"></span>n cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y net inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts<span class=\"_ _1c9\"> </span><span class=\"ff83 lsc2 ws168\">3<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>741<span class=\"_ _11a\"> </span></span><span class=\"ls132 ws146\">(<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>,16<span class=\"_ _34\"></span>8<span class=\"_ _363\"> </span></span><span class=\"ls132 ws146\"><span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>Effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve por<span class=\"_ _3\"></span>tion of c<span class=\"_ _0\"></span>hange<span class=\"_ _0\"></span>s in fair valu<span class=\"_ _0\"></span>e of cash f<span class=\"_ _0\"></span>low h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>es<span class=\"_ _211\"> </span><span class=\"ff83 ls35 ws2b\">(2<span class=\"_ _0\"></span>9)<span class=\"_ _1ca\"> </span></span><span class=\"ls1f wsc\">5<span class=\"_ _363\"> </span></span><span class=\"ls1f wsc\">7<span class=\"_ _363\"> </span></span>3<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>12<span class=\"_ _126\"> </span><span class=\"ff84 lsdf wsd6\">(<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>11</span><span class=\"ff84 lsdf wsd6\">1)<span class=\"_ _363\"> </span></span>8. <span class=\"_ _1f2\"> </span>F<span class=\"_ _4\"></span>oreign Currencies<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e results a<span class=\"_ _0\"></span>nd cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ows of the subsi<span class=\"_ _0\"></span>diar<span class=\"_ _0\"></span>ies wit<span class=\"_ _0\"></span>h euro f<span class=\"_ _0\"></span>unc<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>ies have b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n transl<span class=\"_ _0\"></span>ated into sterli<span class=\"_ _0\"></span>ng using t<span class=\"_ _0\"></span>he aver<span class=\"_ _0\"></span>age exch<span class=\"_ _0\"></span>ange r<span class=\"_ _0\"></span>ate for the ye<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>. T<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>ets of sub<span class=\"_ _0\"></span>sidiar<span class=\"_ _0\"></span>ies wi<span class=\"_ _0\"></span>th eu<span class=\"_ _0\"></span>ro func<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cies h<span class=\"_ _0\"></span>ave bee<span class=\"_ _0\"></span>n tran<span class=\"_ _0\"></span>slated into ster<span class=\"_ _0\"></span>ling at th<span class=\"_ _0\"></span>e rate of exchang<span class=\"_ _0\"></span>e rul<span class=\"_ _0\"></span>ing at the ba<span class=\"_ _0\"></span>lanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et date.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e averag<span class=\"_ _0\"></span>e sterlin<span class=\"_ _0\"></span>g/euro rate of excha<span class=\"_ _0\"></span>nge for t<span class=\"_ _0\"></span>he year e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2 was S<span class=\"_ _0\"></span>tg8<span class=\"_ _0\"></span>5.2<span class=\"_ _0\"></span>8 pen<span class=\"_ _0\"></span>ce (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: S<span class=\"_ _0\"></span>tg85<span class=\"_ _0\"></span>.96 pe<span class=\"_ _0\"></span>nce). The s<span class=\"_ _0\"></span>terlin<span class=\"_ _0\"></span>g/euro exchan<span class=\"_ _0\"></span>ge rate at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2 was S<span class=\"_ _0\"></span>tg8<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.69 p<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e (2021<span class=\"_ _2\"></span>: S<span class=\"_ _0\"></span>tg8<span class=\"_ _3\"></span>4.03 p<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e).<span class=\"_ _363\"> </span>9. <span class=\"_ _1f2\"> </span>Income T<span class=\"_ _2\"></span>ax<span class=\"_ _363\"> </span>(<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>) Income tax<span class=\"_ _4\"></span> recognised in income<span class=\"_ _2\"></span> statement<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t ta<span class=\"_ _0\"></span>x ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e<span class=\"_ _363\"> </span>Irish c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ation t<span class=\"_ _0\"></span>ax<span class=\"_ _0\"></span> <span class=\"_ _212\"> </span><span class=\"ff83 ls3f ws36\">14<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>1<span class=\"_ _63\"> </span></span><span class=\"ls19 ws13\">15<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span>UK and ot<span class=\"_ _0\"></span>her c<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ation t<span class=\"_ _0\"></span>ax<span class=\"_ _213\"> </span><span class=\"ff83 ls68 ws5d\">28,31<span class=\"_ _2\"></span>8<span class=\"_ _126\"> </span><span class=\"ff84 ls132 ws146\">2<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>,19<span class=\"_ _3\"></span>0<span class=\"_ _363\"> </span></span></span>4<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>19<span class=\"_ _63\"> </span><span class=\"ff84 lse8 wsde\">3<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>14<span class=\"_ _363\"> </span></span>De<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x e<span class=\"_ _0\"></span>xp<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>se<span class=\"_ _363\"> </span>Irish d<span class=\"_ _0\"></span>eferre<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x relati<span class=\"_ _0\"></span>ng to the o<span class=\"_ _0\"></span>rigin<span class=\"_ _0\"></span>ation a<span class=\"_ _0\"></span>nd rever<span class=\"_ _0\"></span>sal of temp<span class=\"_ _0\"></span>orar<span class=\"_ _3\"></span>y dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>ces<span class=\"_ _73\"> </span><span class=\"ff83 lsa7 ws9c\">(55)<span class=\"_ _d0\"> </span></span><span class=\"ls12f ws7a\">731<span class=\"_ _363\"> </span></span>Defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nse resul<span class=\"_ _0\"></span>ting f<span class=\"_ _0\"></span>rom ch<span class=\"_ _0\"></span>ange i<span class=\"_ _0\"></span>n tax r<span class=\"_ _0\"></span>ates<span class=\"_ _1c7\"> </span><span class=\"ff83 ws77\">367<span class=\"_ _77\"> </span></span><span class=\"ls14 wsb9\">3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>493<span class=\"_ _363\"> </span></span>UK and ot<span class=\"_ _0\"></span>her d<span class=\"_ _0\"></span>eferre<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x exp<span class=\"_ _0\"></span>ense re<span class=\"_ _0\"></span>lating to t<span class=\"_ _0\"></span>he or<span class=\"_ _0\"></span>iginati<span class=\"_ _0\"></span>on an<span class=\"_ _0\"></span>d revers<span class=\"_ _0\"></span>al of tempo<span class=\"_ _0\"></span>rar<span class=\"_ _0\"></span>y di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ferenc<span class=\"_ _0\"></span>es<span class=\"_ _214\"> </span><span class=\"ff83 lsc0 ws9a\">434<span class=\"_ _11\"> </span></span><span class=\"lse8 wsde\">2<span class=\"_ _0\"></span>14<span class=\"_ _363\"> </span></span>74<span class=\"_ _3\"></span>6<span class=\"_ _77\"> </span><span class=\"ff84 ls1f wsc\">4,4<span class=\"_ _0\"></span>38<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ot<span class=\"_ _0\"></span>al i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>x ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse i<span class=\"_ _0\"></span>n in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _215\"> </span><span class=\"ls8b ws7c\">43,0<span class=\"_ _0\"></span>65<span class=\"_ _5d\"> </span><span class=\"ff84 ls16 ws10c\">42<span class=\"_ _0\"></span>,9<span class=\"_ _0\"></span>52<span class=\"_ _363\"> </span></span></span>Ta<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>o<span class=\"_ _3\"></span>n<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e inco<span class=\"_ _0\"></span>me ta<span class=\"_ _0\"></span>x ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>e of \u00a343<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>1 million (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a34<span class=\"_ _0\"></span>3.0 milli<span class=\"_ _0\"></span>on) was equival<span class=\"_ _0\"></span>ent to an ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive t<span class=\"_ _0\"></span>ax rate of 1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>1 per c<span class=\"_ _0\"></span>ent o<span class=\"_ _0\"></span>n profi<span class=\"_ _0\"></span>t from c<span class=\"_ _0\"></span>onti<span class=\"_ _0\"></span>nuing o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ations<span class=\"_ _0\"></span> (2021<span class=\"_ _2\"></span>: 17<span class=\"_ _5\"></span>.2 p<span class=\"_ _0\"></span>er ce<span class=\"_ _0\"></span>nt). The r<span class=\"_ _0\"></span>ate is based o<span class=\"_ _0\"></span>n the p<span class=\"_ _0\"></span>revailing r<span class=\"_ _0\"></span>ates of cor<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n tax a<span class=\"_ _0\"></span>nd the m<span class=\"_ _0\"></span>ix of profi<span class=\"_ _0\"></span>ts be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>e UK<span class=\"_ _0\"></span>, Irel<span class=\"_ _0\"></span>and, t<span class=\"_ _0\"></span>he Ne<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>rlan<span class=\"_ _0\"></span>ds and<span class=\"_ _0\"></span> Finla<span class=\"_ _0\"></span>nd. T<span class=\"_ _0\"></span>he ta<span class=\"_ _0\"></span>x rate is imp<span class=\"_ _0\"></span>acted by t<span class=\"_ _0\"></span>he disall<span class=\"_ _0\"></span>owanc<span class=\"_ _0\"></span>e of a tax d<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n for ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n overh<span class=\"_ _0\"></span>eads in<span class=\"_ _0\"></span>cludi<span class=\"_ _0\"></span>ng dep<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n on pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ty. T<span class=\"_ _2\"></span>axati<span class=\"_ _0\"></span>on paid in 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 was \u00a33<span class=\"_ _0\"></span>9.5 milli<span class=\"_ _0\"></span>on (2021<span class=\"_ _2\"></span>: \u00a34<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>7 m<span class=\"_ _0\"></span>illion).<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e amou<span class=\"_ _0\"></span>nt shown for c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ent ta<span class=\"_ _0\"></span>xatio<span class=\"_ _0\"></span>n refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ts ta<span class=\"_ _0\"></span>x unce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>inties a<span class=\"_ _0\"></span>nd is base<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he Dire<span class=\"_ _0\"></span>ctor<span class=\"_ _0\"></span>s\u2019 est<span class=\"_ _0\"></span>imate of: (<span class=\"_ _0\"></span>i<span class=\"_ _0\"></span>) the m<span class=\"_ _0\"></span>ost likel<span class=\"_ _0\"></span>y amou<span class=\"_ _0\"></span>nt; or (<span class=\"_ _0\"></span>ii<span class=\"_ _0\"></span>) the<span class=\"_ _0\"></span> exp<span class=\"_ _0\"></span>ecte<span class=\"_ _0\"></span>d value<span class=\"_ _0\"></span>, of the pro<span class=\"_ _0\"></span>babl<span class=\"_ _0\"></span>e out<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>low of ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic res<span class=\"_ _0\"></span>ourc<span class=\"_ _0\"></span>es that w<span class=\"_ _0\"></span>ill be req<span class=\"_ _0\"></span>uired<span class=\"_ _0\"></span>. As wi<span class=\"_ _0\"></span>th all es<span class=\"_ _0\"></span>timates<span class=\"_ _0\"></span>, the ac<span class=\"_ _0\"></span>tual o<span class=\"_ _0\"></span>utco<span class=\"_ _0\"></span>me may be di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ferent <span class=\"ls2\"> </span>to the cur<span class=\"_ _0\"></span>rent e<span class=\"_ _0\"></span>stimate.<span class=\"_ _363\"> </span>(<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>) Reconciliation of<span class=\"_ _2\"></span> Ef<span class=\"_ _0\"></span>fective<span class=\"_ _2\"></span> Tax<span class=\"_ _2\"></span> Rate<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Profi<span class=\"_ _0\"></span>t before t<span class=\"_ _0\"></span>ax<span class=\"_ _119\"> </span><span class=\"ff83 ls22 ws66\">2<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>3<span class=\"_ _11f\"> </span></span><span class=\"ls144 ws152\">24<span class=\"_ _0\"></span>9,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>7<span class=\"_ _363\"> </span></span>Profi<span class=\"_ _0\"></span>t before t<span class=\"_ _0\"></span>ax mu<span class=\"_ _0\"></span>ltipli<span class=\"_ _0\"></span>ed by th<span class=\"_ _0\"></span>e Irish s<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>ard rate of tax of 12.5% (2021<span class=\"_ _2\"></span>: 1<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>.5%)<span class=\"_ _216\"> </span><span class=\"ff83 ls22 ws66\">3<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>0<span class=\"_ _63\"> </span></span><span class=\"lsdd ws3b\">31,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _363\"> </span></span>Ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>s of<span class=\"_ _0\"></span>:<span class=\"_ _363\"> </span>E<span class=\"_ _0\"></span>xpenses not deductible for tax purposes<span class=\"_ _19f\"> </span><span class=\"ff83 ls89 wsd0\">1,15<span class=\"_ _3\"></span>9<span class=\"_ _a4\"> </span></span><span class=\"lsdd ws3b\">1,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _363\"> </span></span>Dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s in ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive ta<span class=\"_ _0\"></span>x rates on ove<span class=\"_ _0\"></span>rsea<span class=\"_ _0\"></span>s earn<span class=\"_ _0\"></span>ings<span class=\"_ _217\"> </span><span class=\"ff83 ls31 ws27\">10<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>7<span class=\"_ _112\"> </span></span><span class=\"ls132 ws146\">9<span class=\"_ _3\"></span>,14<span class=\"_ _3\"></span>9<span class=\"_ _363\"> </span></span>Effe<span class=\"_ _0\"></span>ct of cha<span class=\"_ _0\"></span>nge in t<span class=\"_ _0\"></span>ax rates<span class=\"_ _218\"> </span><span class=\"ff83 ws77\">367<span class=\"_ _77\"> </span></span><span class=\"ls14 wsb9\">3<span class=\"_ _0\"></span>,49<span class=\"_ _0\"></span>3<span class=\"_ _363\"> </span></span>Items not p<span class=\"_ _0\"></span>revio<span class=\"_ _0\"></span>usly re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d for defe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d tax<span class=\"_ _1ff\"> </span><span class=\"ff83 lsbd wsb4\">(3,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>3)<span class=\"_ _112\"> </span></span><span class=\"lsef ws12e\">(6<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span></span>Other differences<span class=\"_ _219\"> </span><span class=\"ff83 ls47 ws3d\">2,3<span class=\"_ _0\"></span>95<span class=\"_ _141\"> </span></span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ot<span class=\"_ _0\"></span>al i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>x ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nse i<span class=\"_ _0\"></span>n in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me s<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t<span class=\"_ _215\"> </span><span class=\"ls8b ws7c\">43,0<span class=\"_ _0\"></span>65<span class=\"_ _5d\"> </span><span class=\"ff84 ls16 ws10c\">42<span class=\"_ _0\"></span>,9<span class=\"_ _0\"></span>52<span class=\"_ _363\"> </span></span></span>(<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>) Deferred<span class=\"_ _2\"></span> Tax<span class=\"_ _2\"></span> Recognised Directly in Equity<span class=\"_ _2\"></span>/Other Comprehensi<span class=\"_ _2\"></span>ve Income<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Actu<span class=\"_ _0\"></span>arial m<span class=\"_ _0\"></span>oveme<span class=\"_ _0\"></span>nt on pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>mes (<span class=\"_ _0\"></span>Note 30)<span class=\"_ _1aa\"> </span><span class=\"ff83 lsbd wsb4\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>8)<span class=\"_ _1b\"> </span></span><span class=\"ls89 wsd0\">3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>12<span class=\"_ _363\"> </span></span>Employee share schemes<span class=\"_ _1e0\"> </span><span class=\"ff83 ls89 wsd0\">1,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>12<span class=\"_ _66\"> </span></span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>(<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _66\"> </span><span class=\"ff84 ls132 ws146\">2<span class=\"_ _3\"></span>,12<span class=\"_ _3\"></span>0<span class=\"_ _363\"> </span></span>Defer<span class=\"_ _0\"></span>red i<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>me ta<span class=\"_ _0\"></span>x liab<span class=\"_ _0\"></span>ilitie<span class=\"_ _0\"></span>s have not be<span class=\"_ _0\"></span>en re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d for any ta<span class=\"_ _0\"></span>xes that wou<span class=\"_ _0\"></span>ld be paya<span class=\"_ _0\"></span>ble on t<span class=\"_ _0\"></span>he unre<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>ted e<span class=\"_ _0\"></span>arni<span class=\"_ _0\"></span>ngs of ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tain s<span class=\"_ _0\"></span>ubsidia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s as it is prob<span class=\"_ _0\"></span>able t<span class=\"_ _0\"></span>hat any temp<span class=\"_ _0\"></span>orar<span class=\"_ _3\"></span>y dif<span class=\"_ _0\"></span>ferenc<span class=\"_ _0\"></span>es will n<span class=\"_ _0\"></span>ot revers<span class=\"_ _0\"></span>e in the fo<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>eabl<span class=\"_ _0\"></span>e fut<span class=\"_ _0\"></span>ure.<span class=\"_ _363\"> </span>10. Divi<span class=\"_ _0\"></span>dend<span class=\"_ _0\"></span>s 2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Group<span class=\"_ _363\"> </span>Final d<span class=\"_ _0\"></span>ivid<span class=\"_ _0\"></span>end for 2<span class=\"_ _0\"></span>021 of 22<span class=\"_ _0\"></span>.0p p<span class=\"_ _0\"></span>er Gr<span class=\"_ _0\"></span>af<span class=\"_ _0\"></span>ton Unit \u2013 p<span class=\"_ _0\"></span>aid 5 May 20<span class=\"_ _0\"></span>22<span class=\"_ _93\"> </span><span class=\"ff83 ls155 ws169\">5<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>2<span class=\"_ _1f\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _363\"> </span></span>Interim di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>end for 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 of 9.25p p<span class=\"_ _0\"></span>er Gr<span class=\"_ _0\"></span>afto<span class=\"_ _0\"></span>n Unit \u2013 p<span class=\"_ _0\"></span>aid 7 Oc<span class=\"_ _0\"></span>tobe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2<span class=\"_ _21a\"> </span><span class=\"ff83 ls134 ws145\">2<span class=\"_ _0\"></span>1,13<span class=\"_ _3\"></span>6<span class=\"_ _1f\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _363\"> </span></span>Interim di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>end for 2<span class=\"_ _0\"></span>01<span class=\"_ _2\"></span>9 of 1<span class=\"_ _2\"></span>2.5<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>p per G<span class=\"_ _0\"></span>raf<span class=\"_ _0\"></span>ton Uni<span class=\"_ _0\"></span>t \u2013 paid 1<span class=\"_ _4\"></span>9 Febr<span class=\"_ _0\"></span>uar<span class=\"_ _3\"></span>y 2021<span class=\"_ _158\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _2f\"> </span></span><span class=\"ls36 wsf\">29,892<span class=\"_ _363\"> </span></span>Final d<span class=\"_ _0\"></span>ivid<span class=\"_ _0\"></span>end for 2<span class=\"_ _0\"></span>020 of 14.50<span class=\"_ _0\"></span>p per G<span class=\"_ _0\"></span>raf<span class=\"_ _0\"></span>ton Uni<span class=\"_ _0\"></span>t \u2013 paid 5 May 2<span class=\"_ _0\"></span>021<span class=\"_ _21b\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _2f\"> </span></span><span class=\"ls8b ws7c\">3<span class=\"_ _0\"></span>4,6<span class=\"_ _0\"></span>85<span class=\"_ _363\"> </span></span>Interim di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>end for 2<span class=\"_ _0\"></span>021 of 8.5<span class=\"_ _0\"></span>0p p<span class=\"_ _0\"></span>er Gr<span class=\"_ _0\"></span>af<span class=\"_ _0\"></span>ton Unit \u2013 p<span class=\"_ _0\"></span>aid 1 Oc<span class=\"_ _0\"></span>tobe<span class=\"_ _0\"></span>r 2021<span class=\"_ _21c\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _69\"> </span></span><span class=\"ls1a ws7d\">20,<span class=\"_ _0\"></span>34<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span></span>73,86<span class=\"_ _0\"></span>8<span class=\"_ _c2\"> </span><span class=\"ff84 ls16 ws10c\">8<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>,9<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span></span>On 24 Marc<span class=\"_ _0\"></span>h 202<span class=\"_ _0\"></span>0, the G<span class=\"_ _0\"></span>roup an<span class=\"_ _0\"></span>noun<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d that<span class=\"_ _0\"></span>, as a pre<span class=\"_ _0\"></span>cau<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y me<span class=\"_ _0\"></span>asure to pres<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve liqu<span class=\"_ _0\"></span>idit<span class=\"_ _0\"></span>y in lig<span class=\"_ _0\"></span>ht of Covi<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>-<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>, it was susp<span class=\"_ _0\"></span>endi<span class=\"_ _0\"></span>ng the<span class=\"_ _0\"></span> sec<span class=\"_ _0\"></span>ond i<span class=\"_ _0\"></span>nterim di<span class=\"_ _0\"></span>vid<span class=\"_ _0\"></span>end for 2<span class=\"_ _0\"></span>01<span class=\"_ _2\"></span>9 of 1<span class=\"_ _2\"></span>2.5<span class=\"_ _0\"></span>p per s<span class=\"_ _0\"></span>hare, wh<span class=\"_ _0\"></span>ich was du<span class=\"_ _0\"></span>e to be paid o<span class=\"_ _0\"></span>n 6 Ap<span class=\"_ _0\"></span>ril 20<span class=\"_ _0\"></span>20. O<span class=\"_ _0\"></span>n 21 Januar<span class=\"_ _3\"></span>y 2021<span class=\"_ _4\"></span>, the Gr<span class=\"_ _0\"></span>oup ann<span class=\"_ _0\"></span>oun<span class=\"_ _0\"></span>ced t<span class=\"_ _0\"></span>he reinst<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nt of this div<span class=\"_ _0\"></span>iden<span class=\"_ _0\"></span>d and it was p<span class=\"_ _0\"></span>aid on 19 Febru<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y in th<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt of \u00a32<span class=\"_ _0\"></span>9.9 million<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>nal div<span class=\"_ _0\"></span>iden<span class=\"_ _0\"></span>d for th<span class=\"_ _0\"></span>e year en<span class=\"_ _0\"></span>ded 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 202<span class=\"_ _0\"></span>0 of 1<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>.5p was paid o<span class=\"_ _0\"></span>n 5 May 20<span class=\"_ _0\"></span>21 in the am<span class=\"_ _0\"></span>ount of \u00a33<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.7 million. A<span class=\"_ _0\"></span>n inter<span class=\"_ _0\"></span>im divi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>d for 20<span class=\"_ _0\"></span>21 of 8.5p pe<span class=\"_ _0\"></span>r share was p<span class=\"_ _0\"></span>aid on 1 O<span class=\"_ _0\"></span>ctobe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21 in the am<span class=\"_ _0\"></span>ount of \u00a3<span class=\"_ _0\"></span>20.3 m<span class=\"_ _0\"></span>illion wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>nal div<span class=\"_ _0\"></span>iden<span class=\"_ _0\"></span>d for 20<span class=\"_ _0\"></span>21 of 22.0<span class=\"_ _0\"></span>p per s<span class=\"_ _0\"></span>hare pai<span class=\"_ _0\"></span>d on 5 May 20<span class=\"_ _0\"></span>22 i<span class=\"_ _0\"></span>n the am<span class=\"_ _0\"></span>ount of \u00a352.7 million<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>An inte<span class=\"_ _0\"></span>rim di<span class=\"_ _0\"></span>vide<span class=\"_ _0\"></span>nd for 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 of 9.25p pe<span class=\"_ _0\"></span>r share was p<span class=\"_ _0\"></span>aid on 7 O<span class=\"_ _0\"></span>ctob<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>22 in t<span class=\"_ _0\"></span>he am<span class=\"_ _0\"></span>ount of \u00a3<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>1 millio<span class=\"_ _0\"></span>n.<span class=\"_ _363\"> </span>A fin<span class=\"_ _0\"></span>al divi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>d for 202<span class=\"_ _0\"></span>2 of 23<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>75<span class=\"_ _0\"></span>p per s<span class=\"_ _0\"></span>hare will b<span class=\"_ _0\"></span>e paid to all ho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs of Graf<span class=\"_ _0\"></span>ton Un<span class=\"_ _0\"></span>its on t<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>ompa<span class=\"_ _0\"></span>ny<span class=\"_ _0\"></span>\u2019s Register of M<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>ers at t<span class=\"_ _0\"></span>he clo<span class=\"_ _0\"></span>se of busine<span class=\"_ _0\"></span>ss on 14 April 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3 (the \u2018R<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ord Date\u2019<span class=\"_ _3\"></span>). Th<span class=\"_ _0\"></span>e E<span class=\"_ _0\"></span>x-<span class=\"_ _0\"></span>div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nd date is 1<span class=\"_ _2\"></span>3 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 202<span class=\"_ _0\"></span>3. T<span class=\"_ _0\"></span>he cas<span class=\"_ _0\"></span>h con<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n will be pai<span class=\"_ _0\"></span>d on 1<span class=\"_ _2\"></span>1 May 20<span class=\"_ _0\"></span>23. A l<span class=\"_ _0\"></span>iabilit<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> in resp<span class=\"_ _0\"></span>ect of t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>inal div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nd has not b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>, as th<span class=\"_ _0\"></span>ere was no o<span class=\"_ _0\"></span>bligat<span class=\"_ _0\"></span>ion to pay any div<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>nds at th<span class=\"_ _0\"></span>e end of th<span class=\"_ _0\"></span>e y<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r.<span class=\"_ _363\"> </span>11<span class=\"_ _0\"></span>. <span class=\"_ _1f2\"> </span>Earnin<span class=\"_ _0\"></span>gs Per Sh<span class=\"_ _0\"></span>are \u2013 G<span class=\"_ _0\"></span>roup<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e com<span class=\"_ _0\"></span>put<span class=\"_ _0\"></span>ation of bas<span class=\"_ _0\"></span>ic, d<span class=\"_ _0\"></span>iluted a<span class=\"_ _0\"></span>nd adjus<span class=\"_ _0\"></span>ted ear<span class=\"_ _0\"></span>nings p<span class=\"_ _0\"></span>er sha<span class=\"_ _0\"></span>re is set ou<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>low. 2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Nu<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tor fo<span class=\"_ _0\"></span>r ba<span class=\"_ _0\"></span>sic<span class=\"_ _0\"></span>, ad<span class=\"_ _0\"></span>ju<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>d a<span class=\"_ _0\"></span>nd di<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>ted e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>s pe<span class=\"_ _0\"></span>r sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e:<span class=\"_ _363\"> </span>Profi<span class=\"_ _0\"></span>t af<span class=\"_ _0\"></span>ter ta<span class=\"_ _0\"></span>x for the f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial ye<span class=\"_ _0\"></span>ar fro<span class=\"_ _0\"></span>m cont<span class=\"_ _0\"></span>inuing o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>ns<span class=\"_ _1c9\"> </span><span class=\"ff83 lse7 wsb8\">2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>18<span class=\"_ _b4\"> </span></span><span class=\"ls8b ws7c\">20<span class=\"_ _0\"></span>6,8<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5<span class=\"_ _363\"> </span></span>Profi<span class=\"_ _0\"></span>t af<span class=\"_ _0\"></span>ter ta<span class=\"_ _0\"></span>x for the f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial ye<span class=\"_ _0\"></span>ar fro<span class=\"_ _0\"></span>m disco<span class=\"_ _0\"></span>ntinu<span class=\"_ _0\"></span>ed op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ions<span class=\"_ _21d\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _db\"> </span></span><span class=\"lsc0 ws9a\">1<span class=\"_ _2\"></span>34,4<span class=\"_ _4\"></span>22<span class=\"_ _363\"> </span></span>Nu<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tor fo<span class=\"_ _0\"></span>r ba<span class=\"_ _0\"></span>sic a<span class=\"_ _0\"></span>nd d<span class=\"_ _0\"></span>il<span class=\"_ _0\"></span>ute<span class=\"_ _0\"></span>d ea<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gs p<span class=\"_ _0\"></span>er s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re<span class=\"_ _21e\"> </span><span class=\"lse7 wsb8\">2<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>18<span class=\"_ _21\"> </span><span class=\"ff84 lsdd ws3b\">3<span class=\"_ _3\"></span>41,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>7<span class=\"_ _363\"> </span></span></span>Profi<span class=\"_ _0\"></span>t af<span class=\"_ _0\"></span>ter ta<span class=\"_ _0\"></span>x for the f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial ye<span class=\"_ _0\"></span>ar fro<span class=\"_ _0\"></span>m cont<span class=\"_ _0\"></span>inuing o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>ns<span class=\"_ _1c9\"> </span><span class=\"ff83 lse7 wsb8\">2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>18<span class=\"_ _b4\"> </span></span><span class=\"ls8b ws7c\">20<span class=\"_ _0\"></span>6,<span class=\"_ _0\"></span>84<span class=\"_ _0\"></span>5<span class=\"_ _363\"> </span></span>Am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isatio<span class=\"_ _0\"></span>n of intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>ets ar<span class=\"_ _0\"></span>ising o<span class=\"_ _0\"></span>n acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _21f\"> </span><span class=\"ff83 ls134 ws145\">19<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>6<span class=\"_ _5d\"> </span></span><span class=\"lse8 wsde\">14<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>8<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ax relat<span class=\"_ _0\"></span>ing to amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tisat<span class=\"_ _0\"></span>ion of int<span class=\"_ _0\"></span>angibl<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts arisi<span class=\"_ _0\"></span>ng on ac<span class=\"_ _0\"></span>quisit<span class=\"_ _0\"></span>ions<span class=\"_ _220\"> </span><span class=\"ff83 ls157 ws16b\">(4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>9)<span class=\"_ _6c\"> </span></span><span class=\"ls19 ws13\">(<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>,15<span class=\"_ _3\"></span>1)<span class=\"_ _363\"> </span></span>Acqui<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>n relate<span class=\"_ _0\"></span>d items<span class=\"_ _221\"> </span><span class=\"ff83 ls68 ws5d\">2,306<span class=\"_ _a4\"> </span></span><span class=\"ls132 ws146\">4<span class=\"_ _3\"></span>,12<span class=\"_ _3\"></span>9<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ax on ac<span class=\"_ _0\"></span>quisi<span class=\"_ _0\"></span>tion re<span class=\"_ _0\"></span>lated ite<span class=\"_ _0\"></span>ms<span class=\"_ _222\"> </span><span class=\"ff83 lse4 wsdc\">(2<span class=\"_ _0\"></span>35<span class=\"_ _0\"></span>)<span class=\"_ _fa\"> </span></span><span class=\"ls14e ws15e\">(<span class=\"_ _3\"></span>74<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span>Nu<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tor fo<span class=\"_ _0\"></span>r ad<span class=\"_ _0\"></span>ju<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>d ea<span class=\"_ _0\"></span>rn<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>gs p<span class=\"_ _0\"></span>er s<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re<span class=\"_ _14e\"> </span><span class=\"ls13 ws22\">225<span class=\"_ _0\"></span>,64<span class=\"_ _0\"></span>6<span class=\"_ _b4\"> </span><span class=\"ff84 lsc0 ws9a\">222,437<span class=\"_ _363\"> </span></span></span>Denominator for<span class=\"_ _2\"></span> basic and adjusted earnings<span class=\"_ _2\"></span> pe<span class=\"_ _0\"></span>r share:<span class=\"_ _363\"> </span>Nu<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r of Grafton Units<span class=\"_ _363\"> </span>Nu<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r of Grafton Units<span class=\"_ _363\"> </span>Weighted aver<span class=\"_ _0\"></span>age nu<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r of Graf<span class=\"_ _0\"></span>ton Uni<span class=\"_ _0\"></span>ts in issu<span class=\"_ _0\"></span>e<span class=\"_ _223\"> </span><span class=\"ff83 ls146 ws155\">2<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>17,<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>6<span class=\"_ _b1\"> </span></span><span class=\"ls20 ws19\">239,294<span class=\"_ _0\"></span>,286<span class=\"_ _363\"> </span></span>Dilu<span class=\"_ _0\"></span>tive ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ct of optio<span class=\"_ _0\"></span>ns and awards<span class=\"_ _176\"> </span><span class=\"ff83 ls4 ws3\">423,5<span class=\"_ _2\"></span>03<span class=\"_ _db\"> </span><span class=\"ff84 ls144 ws152\">4<span class=\"_ _0\"></span>78<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span></span>De<span class=\"_ _0\"></span>no<span class=\"_ _0\"></span>mi<span class=\"_ _0\"></span>nato<span class=\"_ _0\"></span>r fo<span class=\"_ _0\"></span>r dil<span class=\"_ _0\"></span>ute<span class=\"_ _0\"></span>d ea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>gs p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r sha<span class=\"_ _0\"></span>re<span class=\"_ _19e\"> </span><span class=\"ls134 ws145\">2<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>19<span class=\"_ _b1\"> </span><span class=\"ff84 ls144 ws152\">2<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>,7<span class=\"_ _3\"></span>72<span class=\"_ _3\"></span>,9<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span></span></span>Earnings per share (pence<span class=\"_ _2\"></span>) \u2013 from continuing<span class=\"_ _2\"></span> ope<span class=\"_ _0\"></span>rations<span class=\"_ _363\"> </span>\u2013 Basi<span class=\"_ _0\"></span>c<span class=\"_ _224\"> </span><span class=\"ff83 lsdb wsb1\">89.<span class=\"_ _0\"></span>34<span class=\"_ _6e\"> </span></span><span class=\"lsc ws9\">86<span class=\"_ _0\"></span>.4<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span>\u2013 Dil<span class=\"_ _2\"></span>uted<span class=\"_ _1ef\"> </span><span class=\"ff83 ls13b ws148\">8<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>.18<span class=\"_ _a3\"> </span></span><span class=\"ls13 ws22\">8<span class=\"_ _0\"></span>6.27<span class=\"_ _363\"> </span></span>Adjusted earnings per<span class=\"_ _2\"></span> sha<span class=\"_ _0\"></span>re (pence<span class=\"_ _2\"></span>) \u2013 from cont<span class=\"_ _4\"></span>inuing operations*<span class=\"_ _363\"> </span>\u2013 Basi<span class=\"_ _0\"></span>c<span class=\"_ _224\"> </span><span class=\"ff83 lsb ws55\">96.6<span class=\"_ _0\"></span>3<span class=\"_ _77\"> </span></span><span class=\"lse4 wsdc\">9<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.9<span class=\"_ _0\"></span>5<span class=\"_ _363\"> </span></span>\u2013 Dil<span class=\"_ _2\"></span>uted<span class=\"_ _225\"> </span><span class=\"ff83 ls13 ws22\">96.4<span class=\"_ _0\"></span>5<span class=\"_ _6d\"> </span></span><span class=\"lse9 wsdf\">9<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>.7<span class=\"_ _3\"></span>7<span class=\"_ _363\"> </span></span>Ea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>gs p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r sha<span class=\"_ _0\"></span>re (<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce) \u2013 fro<span class=\"_ _0\"></span>m dis<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>inu<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u2013 Basi<span class=\"_ _0\"></span>c<span class=\"_ _226\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _60\"> </span></span><span class=\"ls6b wsb\">56.<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>7<span class=\"_ _363\"> </span></span>\u2013 Dil<span class=\"_ _2\"></span>uted<span class=\"_ _227\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _6e\"> </span></span><span class=\"ls6b wsb\">56.06<span class=\"_ _363\"> </span></span>Ea<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>nin<span class=\"_ _0\"></span>gs p<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r sha<span class=\"_ _0\"></span>re (<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>ce) \u2013 fro<span class=\"_ _0\"></span>m tot<span class=\"_ _0\"></span>al op<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns<span class=\"_ _363\"> </span>\u2013 Basi<span class=\"_ _0\"></span>c<span class=\"_ _224\"> </span><span class=\"ff83 lsdb wsb1\">89.<span class=\"_ _0\"></span>34<span class=\"_ _126\"> </span></span><span class=\"lse8 wsde\">14<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>61<span class=\"_ _363\"> </span></span>\u2013 Dil<span class=\"_ _2\"></span>uted<span class=\"_ _1ef\"> </span><span class=\"ff83 ls13b ws148\">8<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>.18<span class=\"_ _126\"> </span></span><span class=\"lse8 wsde\">14<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>3<span class=\"_ _363\"> </span></span>*  <span class=\"_ _32\"> </span>T<span class=\"_ _0\"></span>he te<span class=\"_ _0\"></span>rm \u201cAdju<span class=\"_ _0\"></span>ste<span class=\"_ _0\"></span>d\u201d m<span class=\"_ _0\"></span>ean<span class=\"_ _0\"></span>s befo<span class=\"_ _0\"></span>re exc<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal i<span class=\"_ _0\"></span>tems<span class=\"_ _0\"></span>, am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isa<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of int<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>ibl<span class=\"_ _0\"></span>e ass<span class=\"_ _0\"></span>ets a<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>ing o<span class=\"_ _0\"></span>n acq<span class=\"_ _0\"></span>uisi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ons a<span class=\"_ _0\"></span>nd ac<span class=\"_ _0\"></span>quis<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on r<span class=\"_ _0\"></span>elate<span class=\"_ _0\"></span>d ite<span class=\"_ _0\"></span>ms<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e weighted ave<span class=\"_ _0\"></span>rage p<span class=\"_ _0\"></span>otential e<span class=\"_ _0\"></span>mploye<span class=\"_ _0\"></span>e sha<span class=\"_ _0\"></span>re entit<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ents ove<span class=\"_ _0\"></span>r 61<span class=\"_ _2\"></span>6,<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>3 Graf<span class=\"_ _0\"></span>ton U<span class=\"_ _0\"></span>nits (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: 1<span class=\"_ _2\"></span>,<span class=\"_ _4\"></span>1<span class=\"_ _2\"></span>6<span class=\"_ _0\"></span>9,931) which are cur<span class=\"_ _0\"></span>rent<span class=\"_ _0\"></span>ly anti<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>dil<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span>ve are not inclu<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d in the ab<span class=\"_ _0\"></span>ove cal<span class=\"_ _0\"></span>culati<span class=\"_ _0\"></span>on for dil<span class=\"_ _0\"></span>uted ea<span class=\"_ _0\"></span>rnin<span class=\"_ _0\"></span>gs per s<span class=\"_ _0\"></span>hare and a<span class=\"_ _0\"></span>djusted d<span class=\"_ _0\"></span>iluted e<span class=\"_ _0\"></span>arni<span class=\"_ _0\"></span>ngs pe<span class=\"_ _0\"></span>r share.<span class=\"_ _363\"> </span>12<span class=\"_ _0\"></span>. Goodwill<span class=\"_ _363\"> </span>Cost<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>At 1 Januar<span class=\"_ _3\"></span>y<span class=\"_ _228\"> </span><span class=\"ff83 ls31 ws27\">5<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>9,<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>10<span class=\"_ _b4\"> </span></span><span class=\"lsdb wsb1\">70<span class=\"_ _0\"></span>4,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span>Ar<span class=\"_ _0\"></span>ising o<span class=\"_ _0\"></span>n acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns (Note 27<span class=\"_ _0\"></span>)<span class=\"_ _229\"> </span><span class=\"ff83 ls36 wsf\">1<span class=\"_ _2\"></span>8,965<span class=\"_ _c4\"> </span><span class=\"ff84 ls144 ws152\">4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>25<span class=\"_ _363\"> </span></span></span>Disposal of Gr<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>up businesses (No<span class=\"_ _4\"></span>te 27)<span class=\"_ _22a\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _c2\"> </span></span><span class=\"ls36 wsf\">(1<span class=\"_ _5\"></span>26,291<span class=\"_ _2\"></span>)<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _22b\"> </span><span class=\"ff83 lsdd ws3b\">16<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>6<span class=\"_ _e9\"> </span><span class=\"ff84\">(<span class=\"_ _0\"></span>18<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>8)<span class=\"_ _363\"> </span></span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r<span class=\"_ _22c\"> </span><span class=\"ls155 ws169\">6<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>51<span class=\"_ _2c\"> </span><span class=\"ff84 lsdd ws3b\">5<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>10<span class=\"_ _363\"> </span></span></span>Goodwill Acquired<span class=\"_ _363\"> </span>Goo<span class=\"_ _0\"></span>dwill ac<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d duri<span class=\"_ _0\"></span>ng the ye<span class=\"_ _0\"></span>ar in th<span class=\"_ _0\"></span>e amou<span class=\"_ _0\"></span>nt of \u00a31<span class=\"_ _2\"></span>9.0 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a34<span class=\"_ _0\"></span>0.7 million) was allocate<span class=\"_ _0\"></span>d to the Irela<span class=\"_ _0\"></span>nd, N<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>ands an<span class=\"_ _0\"></span>d UK dist<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n CGUs<span class=\"_ _0\"></span>. Go<span class=\"_ _0\"></span>odwill o<span class=\"_ _0\"></span>n the<span class=\"_ _0\"></span>se acqu<span class=\"_ _0\"></span>isiti<span class=\"_ _0\"></span>ons ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts th<span class=\"_ _0\"></span>e antic<span class=\"_ _0\"></span>ipated pu<span class=\"_ _0\"></span>rchasin<span class=\"_ _0\"></span>g and o<span class=\"_ _0\"></span>perat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al syn<span class=\"_ _0\"></span>ergie<span class=\"_ _0\"></span>s to be realise<span class=\"_ _0\"></span>d as par<span class=\"_ _3\"></span>t of the enla<span class=\"_ _0\"></span>rged G<span class=\"_ _0\"></span>roup.<span class=\"_ _0\"></span><span class=\"ls2\"> </span>Intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>ets whi<span class=\"_ _0\"></span>ch for<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d par<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e acqui<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>n co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n are de<span class=\"_ _0\"></span>taile<span class=\"_ _0\"></span>d in Note 1<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Disposal of Gr<span class=\"_ _0\"></span>oup Businesses<span class=\"_ _363\"> </span>In 2021, the Group c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>leted t<span class=\"_ _0\"></span>he disp<span class=\"_ _0\"></span>osal of th<span class=\"_ _0\"></span>e trad<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>nal me<span class=\"_ _0\"></span>rchant<span class=\"_ _0\"></span>ing bus<span class=\"_ _0\"></span>iness i<span class=\"_ _0\"></span>n Great Br<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span>in whic<span class=\"_ _0\"></span>h was no lo<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>r consi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d to be a lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-<span class=\"_ _363\"> </span>term s<span class=\"_ _0\"></span>trategi<span class=\"_ _0\"></span>c fi<span class=\"_ _0\"></span>t in the G<span class=\"_ _0\"></span>roup\u2019s po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio of busi<span class=\"_ _0\"></span>ness<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>his resul<span class=\"_ _0\"></span>ted in a re<span class=\"_ _0\"></span>duct<span class=\"_ _0\"></span>ion of g<span class=\"_ _0\"></span>ood<span class=\"_ _0\"></span>will amo<span class=\"_ _0\"></span>unting to \u00a31<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>6.3 m<span class=\"_ _0\"></span>illion<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Goodwill Impaired<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>ere were n<span class=\"_ _0\"></span>o impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a3Nil<span class=\"_ _0\"></span>). T<span class=\"_ _2\"></span>otal acc<span class=\"_ _0\"></span>umulate<span class=\"_ _0\"></span>d impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt loss<span class=\"_ _0\"></span>es at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2 am<span class=\"_ _0\"></span>ounted to \u00a3<span class=\"_ _0\"></span>Nil (2021<span class=\"_ _2\"></span>: \u00a3N<span class=\"_ _0\"></span>il).<span class=\"_ _363\"> </span>Cash Generating Units<span class=\"_ _363\"> </span>Goo<span class=\"_ _0\"></span>dwill ar<span class=\"_ _0\"></span>ising as p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t of a busin<span class=\"_ _0\"></span>ess c<span class=\"_ _0\"></span>ombi<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>n is alloc<span class=\"_ _0\"></span>ated to grou<span class=\"_ _0\"></span>ps of cash g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>rating u<span class=\"_ _0\"></span>nits (<span class=\"_ _0\"></span>\u201cC<span class=\"_ _0\"></span>GUs\u201d<span class=\"_ _3\"></span>) for the p<span class=\"_ _0\"></span>urp<span class=\"_ _0\"></span>ose of im<span class=\"_ _0\"></span>pairm<span class=\"_ _0\"></span>ent <span class=\"ls2\"> </span>testing b<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n the G<span class=\"_ _0\"></span>roup\u2019s exis<span class=\"_ _0\"></span>ting b<span class=\"_ _0\"></span>usines<span class=\"_ _0\"></span>s seg<span class=\"_ _0\"></span>ments o<span class=\"_ _0\"></span>r<span class=\"_ _4\"></span>, wher<span class=\"_ _0\"></span>e appro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate, rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>tion of a n<span class=\"_ _0\"></span>ew CGU. T<span class=\"_ _0\"></span>he C<span class=\"_ _0\"></span>GUs rep<span class=\"_ _0\"></span>resent t<span class=\"_ _0\"></span>he lowe<span class=\"_ _0\"></span>st <span class=\"ls2\"> </span>level at w<span class=\"_ _0\"></span>hich g<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>dwill is mo<span class=\"_ _0\"></span>nitore<span class=\"_ _0\"></span>d for inter<span class=\"_ _0\"></span>nal mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent pu<span class=\"_ _0\"></span>rpo<span class=\"_ _0\"></span>ses an<span class=\"_ _0\"></span>d are not larg<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>an the o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rating s<span class=\"_ _0\"></span>egm<span class=\"_ _0\"></span>ents d<span class=\"_ _0\"></span>eterm<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d in <span class=\"ls2\"> </span>acc<span class=\"_ _0\"></span>ordan<span class=\"_ _0\"></span>ce wi<span class=\"_ _0\"></span>th IFR<span class=\"_ _0\"></span>S 8, O<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g Se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nts. A total of se<span class=\"_ _0\"></span>ven CG<span class=\"_ _0\"></span>Us (2021<span class=\"_ _2\"></span>: se<span class=\"_ _0\"></span>ven), of which go<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>will has be<span class=\"_ _0\"></span>en all<span class=\"_ _0\"></span>ocate<span class=\"_ _0\"></span>d to five<span class=\"_ _0\"></span>, have be<span class=\"_ _0\"></span>en ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>ied a<span class=\"_ _0\"></span>nd the<span class=\"_ _0\"></span>se are ana<span class=\"_ _0\"></span>lyse<span class=\"_ _0\"></span>d bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en the t<span class=\"_ _0\"></span>hre<span class=\"_ _0\"></span>e repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ble se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nts as follows:<span class=\"_ _363\"> </span>Cash Generating Units<span class=\"_ _22d\"> </span><span class=\"lse6 wsdd\">Goodwill<span class=\"_ _363\"> </span></span>2022<span class=\"_ _363\"> </span>Number<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 Number<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Distri<span class=\"_ _4\"></span>bution<span class=\"_ _fd\"> </span><span class=\"ff83 ls2 ws0\">4<span class=\"_ _f7\"> </span><span class=\"ff84\">4<span class=\"_ _c2\"> </span></span><span class=\"ls146 ws155\">6<span class=\"_ _34\"></span>0<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>6<span class=\"_ _21\"> </span></span></span><span class=\"lsdd ws3b\">5<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _363\"> </span></span>Retailin<span class=\"_ _0\"></span>g<span class=\"_ _22e\"> </span><span class=\"ff83 ls2 ws0\">1<span class=\"_ _f7\"> </span><span class=\"ff84\">1<span class=\"_ _e7\"> </span></span>\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _363\"> </span></span></span>Manufacturing*<span class=\"_ _1b4\"> </span><span class=\"ff83 ls2 ws0\">2<span class=\"_ _f7\"> </span><span class=\"ff84\">2<span class=\"_ _20\"> </span></span><span class=\"ls68 ws5d\">28,455<span class=\"_ _c4\"> </span></span></span><span class=\"ls20 ws19\">28,4<span class=\"_ _0\"></span>55<span class=\"_ _363\"> </span></span>7<span class=\"_ _f7\"> </span><span class=\"ff84\">7<span class=\"_ _a1\"> </span></span><span class=\"ls155 ws169\">6<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>51<span class=\"_ _2c\"> </span><span class=\"ff84 lsdd ws3b\">5<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>10<span class=\"_ _363\"> </span></span></span>*  <span class=\"_ _32\"> </span>G<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>dwi<span class=\"_ _0\"></span>ll is all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>d to one M<span class=\"_ _0\"></span>anu<span class=\"_ _0\"></span>fac<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>ing C<span class=\"_ _0\"></span>GU.<span class=\"_ _363\"> </span>Impairment T<span class=\"_ _2\"></span>esting<span class=\"_ _363\"> </span>Goo<span class=\"_ _0\"></span>dwill is su<span class=\"_ _0\"></span>bjec<span class=\"_ _0\"></span>t to impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt testing o<span class=\"_ _0\"></span>n an annu<span class=\"_ _0\"></span>al basis at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er and a<span class=\"_ _0\"></span>dditi<span class=\"_ _0\"></span>onall<span class=\"_ _0\"></span>y dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year if an in<span class=\"_ _0\"></span>dic<span class=\"_ _0\"></span>ator of impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt is cons<span class=\"_ _0\"></span>idere<span class=\"_ _0\"></span>d to exist<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he rec<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ble am<span class=\"_ _0\"></span>ount of eac<span class=\"_ _0\"></span>h cash g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g unit is d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d base<span class=\"_ _0\"></span>d on valu<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>use c<span class=\"_ _0\"></span>alcul<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns. T<span class=\"_ _0\"></span>he car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing valu<span class=\"_ _0\"></span>e <span class=\"_ _363\">of each c</span><span class=\"_ _0\"></span><span class=\"_ _363\">ash ge</span><span class=\"_ _0\"></span>nerat<span class=\"_ _0\"></span><span class=\"_ _363\">ing uni</span><span class=\"_ _0\"></span><span class=\"_ _363\">t was co</span><span class=\"_ _0\"></span>mpare<span class=\"_ _0\"></span><span class=\"_ _363\">d to its est</span><span class=\"_ _0\"></span><span class=\"_ _363\">imated val</span><span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span><span class=\"_ _363\">. Th</span><span class=\"_ _0\"></span><span class=\"_ _363\">ere were n</span><span class=\"_ _0\"></span><span class=\"_ _363\">o impair</span><span class=\"_ _0\"></span>me<span class=\"_ _0\"></span><span class=\"_ _363\">nts dur</span><span class=\"_ _0\"></span><span class=\"_ _363\">ing th</span><span class=\"_ _0\"></span><span class=\"_ _363\">e year (20</span><span class=\"_ _0\"></span>21<span class=\"_ _2\"></span><span class=\"_ _363\">: \u00a3Nil</span><span class=\"_ _0\"></span>).<span class=\"_ _363\"> </span>V<span class=\"_ _2\"></span>al<span class=\"_ _0\"></span>ue-in-use Calculations<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e value<span class=\"_ _3\"></span>-in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e is calc<span class=\"_ _0\"></span>ulated o<span class=\"_ _0\"></span>n the bas<span class=\"_ _0\"></span>is of estimate<span class=\"_ _0\"></span>d fut<span class=\"_ _0\"></span>ure cash f<span class=\"_ _0\"></span>lows dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nted to prese<span class=\"_ _0\"></span>nt value<span class=\"_ _0\"></span>. Esti<span class=\"_ _0\"></span>mated fu<span class=\"_ _0\"></span>ture c<span class=\"_ _0\"></span>ash fl<span class=\"_ _0\"></span>ows were deter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d by refere<span class=\"_ _0\"></span>nce to th<span class=\"_ _0\"></span>e budg<span class=\"_ _0\"></span>et for 20<span class=\"_ _0\"></span>23 an<span class=\"_ _0\"></span>d manag<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent fore<span class=\"_ _0\"></span>cast<span class=\"_ _0\"></span>s for each of t<span class=\"_ _0\"></span>he followi<span class=\"_ _0\"></span>ng year<span class=\"_ _0\"></span>s from 2<span class=\"_ _0\"></span>024 to 2027 i<span class=\"_ _0\"></span>nclusi<span class=\"_ _0\"></span>ve. T<span class=\"_ _0\"></span>he termi<span class=\"_ _0\"></span><span class=\"_ _363\">nal value was c</span><span class=\"_ _0\"></span>alc<span class=\"_ _0\"></span><span class=\"_ _363\">ulated usin</span><span class=\"_ _0\"></span><span class=\"_ _363\">g a lon</span><span class=\"_ _0\"></span><span class=\"_ _363\">g term grow</span><span class=\"_ _0\"></span>t<span class=\"_ _0\"></span><span class=\"_ _363\">h rate in resp</span><span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span><span class=\"_ _363\">t of the year</span><span class=\"_ _0\"></span><span class=\"_ _363\">s af</span><span class=\"_ _0\"></span><span class=\"_ _363\">ter 20</span><span class=\"_ _0\"></span>27<span class=\"_ _2\"></span><span class=\"_ _363\">. The es</span><span class=\"_ _0\"></span><span class=\"_ _363\">timates of fu</span><span class=\"_ _0\"></span><span class=\"_ _363\">ture cas</span><span class=\"_ _0\"></span><span class=\"_ _363\">h fl</span><span class=\"_ _0\"></span><span class=\"_ _363\">ows were base</span><span class=\"_ _0\"></span><span class=\"_ _363\">d </span><span class=\"_ _363\">on co</span><span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span><span class=\"_ _363\">on of past ex</span><span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span><span class=\"_ _363\">nce tog</span><span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span><span class=\"_ _363\">er wi</span><span class=\"_ _0\"></span><span class=\"_ _363\">th an ass</span><span class=\"_ _0\"></span>essm<span class=\"_ _0\"></span><span class=\"_ _363\">ent of the f</span><span class=\"_ _0\"></span><span class=\"_ _363\">uture p</span><span class=\"_ _0\"></span>rosp<span class=\"_ _0\"></span>ect<span class=\"_ _0\"></span><span class=\"_ _363\">s or eac</span><span class=\"_ _0\"></span><span class=\"_ _363\">h of the bus</span><span class=\"_ _0\"></span>iness<span class=\"_ _0\"></span><span class=\"_ _363\">es wit</span><span class=\"_ _0\"></span><span class=\"_ _363\">hin th</span><span class=\"_ _0\"></span><span class=\"_ _363\">e CGUs</span><span class=\"_ _0\"></span><span class=\"_ _363\">. Th</span><span class=\"_ _0\"></span><span class=\"_ _363\">e </span>assumpt<span class=\"_ _0\"></span>ions us<span class=\"_ _0\"></span>ed are al<span class=\"_ _0\"></span>so referen<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>d agains<span class=\"_ _0\"></span>t ex<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>al indus<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y dat<span class=\"_ _0\"></span>a, wh<span class=\"_ _0\"></span>ere availa<span class=\"_ _0\"></span>ble.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e key assumpt<span class=\"_ _0\"></span>ions us<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>e value<span class=\"_ _3\"></span>-i<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>use cal<span class=\"_ _0\"></span>culat<span class=\"_ _0\"></span>ions are t<span class=\"_ _0\"></span>he reve<span class=\"_ _0\"></span>nue grow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h rate, th<span class=\"_ _0\"></span>e ope<span class=\"_ _0\"></span>rating m<span class=\"_ _0\"></span>argin<span class=\"_ _0\"></span>, the dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nt rate and th<span class=\"_ _0\"></span>e long te<span class=\"_ _0\"></span>rm<span class=\"_ _0\"></span> grow<span class=\"_ _0\"></span>th rate. T<span class=\"_ _0\"></span>he pre<span class=\"_ _3\"></span>-ta<span class=\"_ _0\"></span>x disc<span class=\"_ _0\"></span>ount rates u<span class=\"_ _0\"></span>sed we<span class=\"_ _0\"></span>re based o<span class=\"_ _0\"></span>n the G<span class=\"_ _0\"></span>roup\u2019s es<span class=\"_ _0\"></span>timated we<span class=\"_ _0\"></span>ighted aver<span class=\"_ _0\"></span>age c<span class=\"_ _0\"></span>ost of ca<span class=\"_ _0\"></span>pital<span class=\"_ _0\"></span>, adjus<span class=\"_ _0\"></span>ted to refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t risks<span class=\"_ _0\"></span> asso<span class=\"_ _0\"></span>ciated wi<span class=\"_ _0\"></span>th eac<span class=\"_ _0\"></span>h CGU.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e pre<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>tax di<span class=\"_ _0\"></span>scou<span class=\"_ _0\"></span>nt rates ran<span class=\"_ _0\"></span>ge fro<span class=\"_ _0\"></span>m 1<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>.7 per ce<span class=\"_ _0\"></span>nt to 1<span class=\"_ _2\"></span>3.2 p<span class=\"_ _0\"></span>er c<span class=\"_ _0\"></span>ent (2021<span class=\"_ _2\"></span>: 9.<span class=\"_ _0\"></span>3 pe<span class=\"_ _0\"></span>r cent to 10.2 per ce<span class=\"_ _0\"></span>nt). In deter<span class=\"_ _0\"></span>mining t<span class=\"_ _0\"></span>he ter<span class=\"_ _0\"></span>minal val<span class=\"_ _0\"></span>ue of the<span class=\"_ _0\"></span> value<span class=\"_ _3\"></span>-in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e, it was as<span class=\"_ _0\"></span>sume<span class=\"_ _0\"></span>d that c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows af<span class=\"_ _0\"></span>ter the f<span class=\"_ _0\"></span>irs<span class=\"_ _0\"></span>t fi<span class=\"_ _0\"></span>ve years w<span class=\"_ _0\"></span>ill incre<span class=\"_ _0\"></span>ase at a lo<span class=\"_ _0\"></span>ng term g<span class=\"_ _0\"></span>row<span class=\"_ _0\"></span>th rate of two p<span class=\"_ _0\"></span>er ce<span class=\"_ _0\"></span>nt (2021<span class=\"_ _2\"></span>: t<span class=\"_ _0\"></span>wo pe<span class=\"_ _0\"></span>r cent). Th<span class=\"_ _0\"></span>e rate assume<span class=\"_ _0\"></span>d was base<span class=\"_ _0\"></span>d on an as<span class=\"_ _0\"></span>sess<span class=\"_ _0\"></span>ment of th<span class=\"_ _0\"></span>e likely l<span class=\"_ _0\"></span>ong ter<span class=\"_ _0\"></span>m grow<span class=\"_ _0\"></span>th p<span class=\"_ _0\"></span>rospe<span class=\"_ _0\"></span>cts of t<span class=\"_ _0\"></span>he indi<span class=\"_ _0\"></span>vidu<span class=\"_ _0\"></span>al CGUs<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>12<span class=\"_ _0\"></span>. Goodwill<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Significant Goodwill A<span class=\"_ _2\"></span>mounts<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e UK dist<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, Ir<span class=\"_ _0\"></span>ish dist<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n, Ne<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>rla<span class=\"_ _0\"></span>nds and F<span class=\"_ _0\"></span>inlan<span class=\"_ _0\"></span>d distr<span class=\"_ _0\"></span>ibut<span class=\"_ _0\"></span>ion C<span class=\"_ _0\"></span>GUs have sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>icant a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nts of goo<span class=\"_ _0\"></span>dwill. A su<span class=\"_ _0\"></span>mmar<span class=\"_ _3\"></span>y of the allo<span class=\"_ _0\"></span>cated<span class=\"_ _0\"></span> goo<span class=\"_ _0\"></span>dwill an<span class=\"_ _0\"></span>d the as<span class=\"_ _0\"></span>sumpti<span class=\"_ _0\"></span>ons relat<span class=\"_ _0\"></span>ing to the re<span class=\"_ _0\"></span>cove<span class=\"_ _0\"></span>rabl<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unts of the<span class=\"_ _0\"></span>se CGU<span class=\"_ _0\"></span>s is shown b<span class=\"_ _0\"></span>elow<span class=\"_ _0\"></span>:<span class=\"_ _363\"> </span>UK Distribution<span class=\"_ _22\"> </span>Irish Distribution<span class=\"_ _5f\"> </span><span class=\"lsf5 ws11c\">Nethe<span class=\"_ _0\"></span>rlands Distribution<span class=\"_ _8c\"> </span>Finland Distribution<span class=\"_ _363\"> </span></span>2022<span class=\"_ _126\"> </span><span class=\"ff84 lsd4 wscc\">20<span class=\"_ _0\"></span>21<span class=\"_ _76\"> </span></span>202<span class=\"_ _0\"></span>2<span class=\"_ _126\"> </span><span class=\"ff84 lsd4 wscc\">2021<span class=\"_ _5d\"> </span></span>2022<span class=\"_ _126\"> </span><span class=\"ff84 lsd4 wscc\">20<span class=\"_ _0\"></span>21<span class=\"_ _76\"> </span></span>202<span class=\"_ _0\"></span>2<span class=\"_ _126\"> </span><span class=\"ff84 lsd4 wscc\">2021<span class=\"_ _363\"> </span></span>Goo<span class=\"_ _0\"></span>dwill (\u00a3\u2019<span class=\"_ _0\"></span>00<span class=\"_ _0\"></span>0)<span class=\"_ _91\"> </span><span class=\"ff83 ls68 ws5d\">285,385<span class=\"_ _98\"> </span></span><span class=\"ls144 ws152\">2<span class=\"_ _0\"></span>75<span class=\"_ _3\"></span>,76<span class=\"_ _0\"></span>9<span class=\"_ _c6\"> </span><span class=\"ff83 ls146 ws155\">16<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>3<span class=\"_ _dc\"> </span></span><span class=\"ls19 ws13\">15<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>3<span class=\"_ _34\"></span>8<span class=\"_ _c6\"> </span><span class=\"ff83 ls33 ws29\">11<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _34\"></span>5<span class=\"_ _3\"></span>4<span class=\"_ _98\"> </span></span><span class=\"ls6b wsb\">1<span class=\"_ _2\"></span>05,206<span class=\"_ _9d\"> </span><span class=\"ff83 ls97 ws88\">36,354<span class=\"_ _1af\"> </span></span><span class=\"ls16 ws10c\">3<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>42<span class=\"_ _363\"> </span></span></span></span></span>Rec<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ble am<span class=\"_ _0\"></span>ount basis<span class=\"_ _11a\"> </span><span class=\"ff83 ls60 ws5c\">Value-in-use<span class=\"_ _1\"> </span></span><span class=\"lsb ws55\">Value<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>-us<span class=\"_ _0\"></span>e<span class=\"_ _32\"> </span><span class=\"ff83 ls60 ws5c\">Value-in-use </span>V<span class=\"_ _2\"></span>alue<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>use<span class=\"_ _32\"> </span><span class=\"ff83 ls60 ws5c\">Value-in-use </span>V<span class=\"_ _2\"></span>alue<span class=\"_ _3\"></span>-in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>use<span class=\"_ _133\"> </span><span class=\"ff83 ls60 ws5c\">V<span class=\"_ _2\"></span>alue<span class=\"_ _0\"></span>-in-use <span class=\"ff84 lsb ws55\">V<span class=\"_ _2\"></span>alue<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>use<span class=\"_ _363\"> </span></span></span></span>Revenu<span class=\"_ _0\"></span>e grow<span class=\"_ _0\"></span>th r<span class=\"_ _0\"></span>ate average<span class=\"_ _d1\"> </span><span class=\"ff83 lsf ws9b\">3<span class=\"_ _0\"></span>.9<span class=\"_ _0\"></span>%<span class=\"_ _c4\"> </span></span><span class=\"lsd6 wscf\">4<span class=\"_ _3\"></span>.1<span class=\"_ _0\"></span>%<span class=\"_ _20\"> </span><span class=\"ff83 ls11 ws18\">4.5%<span class=\"_ _20\"> </span></span><span class=\"lsc ws9\">4.2%<span class=\"_ _e9\"> </span><span class=\"ff83 ls47 ws3d\">3.8%<span class=\"_ _e9\"> </span></span><span class=\"ls68 ws5d\">3.8%<span class=\"_ _64\"> </span><span class=\"ff83 lsf ws9b\">2<span class=\"_ _0\"></span>.9<span class=\"_ _0\"></span>%<span class=\"_ _20\"> </span></span><span class=\"lse4 wsdc\">3<span class=\"_ _0\"></span>.9<span class=\"_ _0\"></span>%<span class=\"_ _363\"> </span></span></span></span></span>Long<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>term g<span class=\"_ _0\"></span>row<span class=\"_ _0\"></span>th rate<span class=\"_ _b\"> </span><span class=\"ff83 ls10 ws5e\">2.0<span class=\"_ _0\"></span>%<span class=\"_ _20\"> </span></span><span class=\"ls15 ws32\">2.0%<span class=\"_ _e9\"> </span><span class=\"ff83 ls10 ws5e\">2.0%<span class=\"_ _20\"> </span></span>2.0%<span class=\"_ _e9\"> </span><span class=\"ff83 ls10 ws5e\">2.0%<span class=\"_ _20\"> </span></span>2.0<span class=\"_ _0\"></span>%<span class=\"_ _64\"> </span><span class=\"ff83 ls10 ws5e\">2<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>%<span class=\"_ _e9\"> </span></span>2<span class=\"_ _0\"></span>.0%<span class=\"_ _363\"> </span></span>Disc<span class=\"_ _0\"></span>ount r<span class=\"_ _0\"></span>ate (pre<span class=\"_ _3\"></span>-ta<span class=\"_ _0\"></span>x)<span class=\"_ _22f\"> </span><span class=\"ff83 ls47 ws3d\">1<span class=\"_ _2\"></span>3.2%<span class=\"_ _c2\"> </span><span class=\"ff84 lsdd ws3b\">10<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>%<span class=\"_ _b4\"> </span></span><span class=\"ls33 ws29\">11.<span class=\"_ _0\"></span>7<span class=\"_ _34\"></span>%<span class=\"_ _5b\"> </span><span class=\"ff84 lsa7 ws9c\">9.<span class=\"_ _0\"></span>3%<span class=\"_ _96\"> </span></span><span class=\"ls13b ws148\">12<span class=\"_ _34\"></span>.1%<span class=\"_ _2c\"> </span><span class=\"ff84 lsd6 wscf\">1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>.1<span class=\"_ _0\"></span>%<span class=\"_ _c2\"> </span></span><span class=\"ls89 wsd0\">12<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>%<span class=\"_ _5b\"> </span><span class=\"ff84 lsa7 ws9c\">9.8<span class=\"_ _0\"></span>%<span class=\"_ _363\"> </span></span></span></span></span></span>Th<span class=\"_ _0\"></span>e remaini<span class=\"_ _0\"></span>ng go<span class=\"_ _0\"></span>odwill b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e of \u00a32<span class=\"_ _0\"></span>8.5 milli<span class=\"_ _0\"></span>on (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a32<span class=\"_ _0\"></span>8.5 milli<span class=\"_ _0\"></span>on) is alloc<span class=\"_ _0\"></span>ated to the U<span class=\"_ _0\"></span>K manufa<span class=\"_ _0\"></span>ctur<span class=\"_ _0\"></span>ing CG<span class=\"_ _0\"></span>U and th<span class=\"_ _0\"></span>e go<span class=\"_ _0\"></span>odwill a<span class=\"_ _0\"></span>mount of th<span class=\"_ _0\"></span>is CGU is n<span class=\"_ _0\"></span>ot signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant.<span class=\"_ _363\"> </span>Sensitivit<span class=\"_ _0\"></span>y Analysis<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e value<span class=\"_ _3\"></span>-in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e calc<span class=\"_ _0\"></span>ulati<span class=\"_ _0\"></span>ons are se<span class=\"_ _0\"></span>nsiti<span class=\"_ _0\"></span>ve to chang<span class=\"_ _0\"></span>es in th<span class=\"_ _0\"></span>e key assum<span class=\"_ _0\"></span>ptions of t<span class=\"_ _0\"></span>he reven<span class=\"_ _0\"></span>ue grow<span class=\"_ _0\"></span>th r<span class=\"_ _0\"></span>ate, the di<span class=\"_ _0\"></span>scou<span class=\"_ _0\"></span>nt rate and th<span class=\"_ _0\"></span>e lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m grow<span class=\"_ _0\"></span>th rate. W<span class=\"_ _0\"></span>hile ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>ment b<span class=\"_ _0\"></span>elie<span class=\"_ _0\"></span>ves that t<span class=\"_ _0\"></span>he valu<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>use ass<span class=\"_ _0\"></span>umpti<span class=\"_ _0\"></span>ons are pr<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, a sensi<span class=\"_ _0\"></span>tivi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y analy<span class=\"_ _0\"></span>sis was per<span class=\"_ _3\"></span>forme<span class=\"_ _0\"></span>d base<span class=\"_ _0\"></span>d on reas<span class=\"_ _0\"></span>onab<span class=\"_ _0\"></span>le chan<span class=\"_ _0\"></span>ges in e<span class=\"_ _0\"></span>ach of the t<span class=\"_ _0\"></span>hre<span class=\"_ _0\"></span>e key assumpt<span class=\"_ _0\"></span>ions in e<span class=\"_ _0\"></span>ach C<span class=\"_ _0\"></span>GU. No reas<span class=\"_ _0\"></span>onab<span class=\"_ _0\"></span>ly po<span class=\"_ _0\"></span>ssible c<span class=\"_ _0\"></span>hang<span class=\"_ _0\"></span>e in any of the key as<span class=\"_ _0\"></span>sumpti<span class=\"_ _0\"></span>ons woul<span class=\"_ _0\"></span>d cause t<span class=\"_ _0\"></span>he car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng amo<span class=\"_ _0\"></span>unt to exce<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>overa<span class=\"_ _0\"></span>ble am<span class=\"_ _0\"></span>ount in t<span class=\"_ _0\"></span>he thre<span class=\"_ _0\"></span>e sig<span class=\"_ _0\"></span>nifi<span class=\"_ _0\"></span>cant D<span class=\"_ _0\"></span>istr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tion C<span class=\"_ _0\"></span>GUs<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Finla<span class=\"_ _0\"></span>nd Dis<span class=\"_ _0\"></span>trib<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span>on CG<span class=\"_ _0\"></span>U\u2019s re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>able am<span class=\"_ _0\"></span>ount h<span class=\"_ _0\"></span>as more lim<span class=\"_ _0\"></span>ited he<span class=\"_ _0\"></span>adro<span class=\"_ _0\"></span>om over i<span class=\"_ _0\"></span>ts car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing amo<span class=\"_ _0\"></span>unt. T<span class=\"_ _0\"></span>his was ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted as i<span class=\"_ _0\"></span>t is a rec<span class=\"_ _0\"></span>ent addit<span class=\"_ _0\"></span>ion to th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p and, i<span class=\"_ _0\"></span>n view of t<span class=\"_ _0\"></span>he sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d sinc<span class=\"_ _0\"></span>e it was ac<span class=\"_ _0\"></span>quired i<span class=\"_ _0\"></span>n July 2<span class=\"_ _0\"></span>021<span class=\"_ _2\"></span>, t<span class=\"_ _0\"></span>here h<span class=\"_ _0\"></span>as be<span class=\"_ _0\"></span>en limi<span class=\"_ _0\"></span>ted opp<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>unit<span class=\"_ _0\"></span>y to inc<span class=\"_ _0\"></span>rease th<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>overab<span class=\"_ _0\"></span>le amo<span class=\"_ _0\"></span>unt. T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>refore, i<span class=\"_ _0\"></span>t is more s<span class=\"_ _0\"></span>ensit<span class=\"_ _0\"></span>ive to pos<span class=\"_ _0\"></span>sible c<span class=\"_ _0\"></span>hang<span class=\"_ _0\"></span>es in key assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>ns. A 75b<span class=\"_ _0\"></span>ps incre<span class=\"_ _0\"></span>ase in th<span class=\"_ _0\"></span>e disc<span class=\"_ _0\"></span>ount rate woul<span class=\"_ _0\"></span>d elimin<span class=\"_ _0\"></span>ate the h<span class=\"_ _0\"></span>eadro<span class=\"_ _0\"></span>om th<span class=\"_ _0\"></span>at Finla<span class=\"_ _0\"></span>nd Dis<span class=\"_ _0\"></span>trib<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span>on CG<span class=\"_ _0\"></span>U\u2019s re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>able a<span class=\"_ _0\"></span>mount h<span class=\"_ _0\"></span>as over its c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying a<span class=\"_ _0\"></span>mount<span class=\"_ _0\"></span>. Sim<span class=\"_ _0\"></span>ilarl<span class=\"_ _0\"></span>y, decreas<span class=\"_ _0\"></span>es in ei<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r the reve<span class=\"_ _0\"></span>nue gr<span class=\"_ _0\"></span>owt<span class=\"_ _0\"></span>h rate or lo<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>-ter<span class=\"_ _0\"></span>m grow<span class=\"_ _0\"></span>th r<span class=\"_ _0\"></span>ate of 85bps a<span class=\"_ _0\"></span>nd 1<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>5bps re<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>vely wo<span class=\"_ _0\"></span>uld elim<span class=\"_ _0\"></span>inate the cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt head<span class=\"_ _0\"></span>room<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>13. <span class=\"_ _1f2\"> </span>Property<span class=\"_ _2\"></span>, Plant and<span class=\"_ _4\"></span> Equipment, Right-of-Use A<span class=\"_ _2\"></span>sset, Properties Held for Sale <span class=\"ls2 ws0\"> </span>and Inv<span class=\"_ _2\"></span>estment Properties<span class=\"_ _363\"> </span>13. (<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>) Property<span class=\"_ _2\"></span>, Plant<span class=\"_ _2\"></span> and Equipment<span class=\"_ _363\"> </span>Freehold<span class=\"_ _4\"></span> land and buildings \u00a3\u2019000<span class=\"_ _363\"> </span>Leasehold improvements/ buildings \u00a3\u2019000<span class=\"_ _363\"> </span>Plant<span class=\"_ _2\"></span> and Machiner<span class=\"_ _0\"></span>y \u00a3\u2019000<span class=\"_ _363\"> </span>Motor<span class=\"_ _4\"></span> Vehicles<span class=\"_ _2\"></span> \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>Y<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _363\"> </span>Op<span class=\"_ _0\"></span>ening n<span class=\"_ _0\"></span>et bo<span class=\"_ _0\"></span>ok am<span class=\"_ _0\"></span>ount<span class=\"_ _230\"> </span><span class=\"ff83 lsc0 ws9a\">1<span class=\"_ _2\"></span>46,36<span class=\"_ _2\"></span>2<span class=\"_ _e9\"> </span><span class=\"ls8b ws7c\">62<span class=\"_ _0\"></span>,30<span class=\"_ _0\"></span>6<span class=\"_ _5b\"> </span><span class=\"ls155 ws169\">8<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9<span class=\"_ _5b\"> </span></span>24,828<span class=\"_ _96\"> </span><span class=\"ls134 ws145\">3<span class=\"_ _0\"></span>19<span class=\"_ _0\"></span>,<span class=\"_ _34\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>5<span class=\"_ _363\"> </span></span></span></span>Additions<span class=\"_ _231\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>3<span class=\"_ _6c\"> </span><span class=\"ls33 ws29\">11<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>12<span class=\"_ _3\"></span>8<span class=\"_ _5d\"> </span><span class=\"ls146 ws155\">3<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>7<span class=\"_ _46\"> </span><span class=\"ls72 wse\">5,540<span class=\"_ _5b\"> </span><span class=\"lse7 wsb8\">5<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>18<span class=\"_ _363\"> </span></span></span></span></span></span>Ar<span class=\"_ _0\"></span>ising o<span class=\"_ _0\"></span>n acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns (Note 27<span class=\"_ _0\"></span>)<span class=\"_ _232\"> </span><span class=\"ff83 ls134 ws145\">3<span class=\"_ _0\"></span>,14<span class=\"_ _3\"></span>0<span class=\"_ _fa\"> </span><span class=\"ls97 ws88\">579<span class=\"_ _11d\"> </span><span class=\"ls12a wsab\">534<span class=\"_ _c1\"> </span><span class=\"ls73 ws68\">406<span class=\"_ _181\"> </span><span class=\"lsa7 ws9c\">4<span class=\"_ _0\"></span>,659<span class=\"_ _363\"> </span></span></span></span></span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _17a\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _1ca\"> </span><span class=\"ls157 ws16b\">(4<span class=\"_ _3\"></span>3)<span class=\"_ _60\"> </span>(4<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>)<span class=\"_ _14c\"> </span><span class=\"ls35 ws2b\">(9<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _a3\"> </span><span class=\"lsa7 ws9c\">(597<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span></span></span>De<span class=\"_ _0\"></span>prec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n charg<span class=\"_ _0\"></span>e (Note 3)<span class=\"_ _bf\"> </span><span class=\"ff83 lse4 wsdc\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>87<span class=\"_ _3\"></span>)<span class=\"_ _e9\"> </span><span class=\"ls146 ws155\">(<span class=\"_ _34\"></span>7,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>)<span class=\"_ _c2\"> </span><span class=\"lse7 wsb8\">(<span class=\"_ _0\"></span>18<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _20\"> </span><span class=\"ls35 ws2b\">(5,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>9)<span class=\"_ _96\"> </span><span class=\"ls134 ws145\">(<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>,17<span class=\"_ _3\"></span>1)<span class=\"_ _363\"> </span></span></span></span></span></span>Rec<span class=\"_ _0\"></span>lassif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation f<span class=\"_ _0\"></span>rom inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _159\"> </span><span class=\"ff83 ls18 ws12\">423<span class=\"_ _e7\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _11d\"> </span></span>423<span class=\"_ _363\"> </span></span>Exchange a<span class=\"_ _4\"></span>djustmen<span class=\"_ _2\"></span>t<span class=\"_ _233\"> </span><span class=\"ff83 ls97 ws88\">6,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>27<span class=\"_ _11d\"> </span><span class=\"ls20 ws19\">353<span class=\"_ _46\"> </span><span class=\"ls155 ws169\">2<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6<span class=\"_ _12f\"> </span></span>289<span class=\"_ _6e\"> </span><span class=\"lsdb wsb1\">9,475<span class=\"_ _363\"> </span></span></span></span>Closi<span class=\"_ _0\"></span>ng net b<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>k amou<span class=\"_ _0\"></span>nt<span class=\"_ _ff\"> </span><span class=\"ff83 ls6c ws61\">1<span class=\"_ _2\"></span>54,54<span class=\"_ _0\"></span>8<span class=\"_ _20\"> </span><span class=\"ls34 ws2a\">6<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>,9<span class=\"_ _0\"></span>51<span class=\"_ _b0\"> </span><span class=\"ls146 ws155\">1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>6<span class=\"_ _5b\"> </span><span class=\"ls97 ws88\">25,<span class=\"_ _0\"></span>277<span class=\"_ _2f\"> </span><span class=\"ls72 wse\">354,402<span class=\"_ _363\"> </span></span></span></span></span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _363\"> </span>Cost<span class=\"_ _234\"> </span><span class=\"ff83 ls1a ws7d\">202<span class=\"_ _0\"></span>,570<span class=\"_ _db\"> </span><span class=\"ls89 wsd0\">12<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>,7<span class=\"_ _3\"></span>19<span class=\"_ _c2\"> </span><span class=\"ls68 ws5d\">298,804<span class=\"_ _11a\"> </span><span class=\"lse7 wsb8\">5<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>18<span class=\"_ _b0\"> </span><span class=\"ls33 ws29\">6<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _34\"></span>3<span class=\"_ _3\"></span>11<span class=\"_ _363\"> </span></span></span></span></span></span>Acc<span class=\"_ _0\"></span>umulate<span class=\"_ _0\"></span>d depre<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ation &amp; i<span class=\"_ _0\"></span>mpair<span class=\"_ _0\"></span>ment l<span class=\"_ _0\"></span>oss<span class=\"_ _235\"> </span><span class=\"ff83 ls157 ws16b\">(4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>2)<span class=\"_ _c2\"> </span><span class=\"ls155 ws169\">(5<span class=\"_ _3\"></span>8,7<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>8)<span class=\"_ _10d\"> </span><span class=\"ls134 ws145\">(<span class=\"_ _0\"></span>19<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,17<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _96\"> </span><span class=\"lse8 wsde\">(2<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>1)<span class=\"_ _1ea\"> </span><span class=\"ls35 ws2b\">(3<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span></span></span></span></span></span>Net b<span class=\"_ _0\"></span>ook a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _236\"> </span><span class=\"ff83 ls6c ws61\">1<span class=\"_ _2\"></span>54,548<span class=\"_ _5b\"> </span><span class=\"ls34 ws2a\">6<span class=\"_ _0\"></span>6,<span class=\"_ _0\"></span>951<span class=\"_ _b0\"> </span><span class=\"ls146 ws155\">1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>6<span class=\"_ _5b\"> </span><span class=\"ls97 ws88\">25,277<span class=\"_ _2f\"> </span><span class=\"ls72 wse\">354,402<span class=\"_ _363\"> </span></span></span></span></span></span>Y<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Op<span class=\"_ _0\"></span>ening n<span class=\"_ _0\"></span>et bo<span class=\"_ _0\"></span>ok am<span class=\"_ _0\"></span>ount<span class=\"_ _237\"> </span><span class=\"ls3e ws35\">26<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>375<span class=\"_ _c4\"> </span><span class=\"ls8b ws7c\">73,5<span class=\"_ _0\"></span>80<span class=\"_ _63\"> </span><span class=\"ls132 ws146\">9<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,12<span class=\"_ _3\"></span>9<span class=\"_ _5d\"> </span></span></span></span><span class=\"ws77\">52<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>45<span class=\"_ _0\"></span>5<span class=\"_ _b0\"> </span><span class=\"ls73 ws68\">493,<span class=\"_ _4\"></span>539<span class=\"_ _363\"> </span></span></span>Additions<span class=\"_ _1c2\"> </span><span class=\"lsdd ws3b\">1,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>8<span class=\"_ _a4\"> </span>6<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>17<span class=\"_ _63\"> </span><span class=\"ls132 ws146\">2<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>0<span class=\"_ _60\"> </span><span class=\"ls14 wsb9\">6,<span class=\"_ _0\"></span>471<span class=\"_ _126\"> </span><span class=\"ls37 ws2d\">4<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>16<span class=\"_ _363\"> </span></span></span></span></span>Ar<span class=\"_ _0\"></span>ising o<span class=\"_ _0\"></span>n acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _209\"> </span><span class=\"lsdf wsd6\">11<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>4<span class=\"_ _34\"></span>4<span class=\"_ _79\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _60\"> </span><span class=\"ls89 wsd0\">5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>12<span class=\"_ _fa\"> </span><span class=\"ls12a wsab\">880<span class=\"_ _76\"> </span><span class=\"lsdd ws3b\">18<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>6<span class=\"_ _363\"> </span></span></span></span></span>Disposal of Gr<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>up businesses<span class=\"_ _238\"> </span><span class=\"lsdf wsd6\">(<span class=\"_ _3\"></span>115<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _34\"></span>3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>)<span class=\"_ _2c\"> </span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>10<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _b4\"> </span><span class=\"lsa2 ws97\">(<span class=\"_ _0\"></span>24,<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4)<span class=\"_ _db\"> </span><span class=\"lse0 wsd7\">(<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>1)<span class=\"_ _92\"> </span><span class=\"ls143 ws151\">(<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>7<span class=\"_ _34\"> </span>7,<span class=\"_ _34\"></span>5<span class=\"_ _3\"></span>15<span class=\"_ _34\"></span>)<span class=\"_ _363\"> </span></span></span></span></span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _239\"> </span><span class=\"lsf ws9b\">(2<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4)<span class=\"_ _12f\"> </span><span class=\"ls105 ws162\">(<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9)<span class=\"_ _a4\"> </span><span class=\"ls35 ws2b\">(9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0)<span class=\"_ _12f\"> </span>(8<span class=\"_ _0\"></span>0)<span class=\"_ _63\"> </span><span class=\"ls132 ws146\">(<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>,13<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span></span></span></span>De<span class=\"_ _0\"></span>prec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n charg<span class=\"_ _0\"></span>e<span class=\"_ _1ba\"> </span><span class=\"ls35 ws2b\">(3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>20)<span class=\"_ _126\"> </span><span class=\"ls14e ws15e\">(<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>74<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>)<span class=\"_ _2c\"> </span><span class=\"ls3f ws36\">(<span class=\"_ _0\"></span>19<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _5f\"> </span><span class=\"lsdf wsd6\">(<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,115<span class=\"_ _34\"></span>)<span class=\"_ _db\"> </span><span class=\"ls12a wsab\">(<span class=\"_ _2\"></span>38,270<span class=\"_ _2\"></span>)<span class=\"_ _363\"> </span></span></span></span></span></span>Impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt charg<span class=\"_ _0\"></span>e<span class=\"_ _23a\"> </span><span class=\"ls2\">\u2013<span class=\"_ _123\"> </span><span class=\"ls35 ws2b\">(2<span class=\"_ _0\"></span>0)<span class=\"_ _ce\"> </span><span class=\"lse8 wsde\">(<span class=\"_ _0\"></span>14<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _22\"> </span></span></span>\u2013<span class=\"_ _18\"> </span><span class=\"ls37 ws2d\">(<span class=\"_ _0\"></span>16<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span></span>Rec<span class=\"_ _0\"></span>lassif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation to p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s held fo<span class=\"_ _0\"></span>r sale<span class=\"_ _23b\"> </span><span class=\"lsa2 ws97\">(324<span class=\"_ _0\"></span>)<span class=\"_ _8b\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _128\"> </span>\u2013<span class=\"_ _18\"> </span><span class=\"lsa2 ws97\">(324)<span class=\"_ _363\"> </span></span></span>Rec<span class=\"_ _0\"></span>lassif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation f<span class=\"_ _0\"></span>rom inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _7\"> </span><span class=\"ls35 ws2b\">(5,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0)<span class=\"_ _22\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _5f\"> </span><span class=\"ls35 ws2b\">(5<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0)<span class=\"_ _363\"> </span></span></span>Exchange a<span class=\"_ _4\"></span>djustmen<span class=\"_ _2\"></span>t<span class=\"_ _220\"> </span><span class=\"ls143 ws151\">(<span class=\"_ _34\"></span>7,<span class=\"_ _34\"></span>4<span class=\"_ _3\"></span>5<span class=\"_ _34\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _ce\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>4)<span class=\"_ _5d\"> </span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>417<span class=\"_ _3\"></span>)<span class=\"_ _ce\"> </span><span class=\"lsf ws9b\">(28<span class=\"_ _0\"></span>2)<span class=\"_ _b0\"> </span></span>(<span class=\"_ _0\"></span>10<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span></span>Closi<span class=\"_ _0\"></span>ng net b<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>k amou<span class=\"_ _0\"></span>nt<span class=\"_ _23c\"> </span><span class=\"lse8 wsde\">14<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>2<span class=\"_ _76\"> </span><span class=\"lsa7 ws9c\">62,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>06<span class=\"_ _5d\"> </span><span class=\"ls144 ws152\">8<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9<span class=\"_ _76\"> </span><span class=\"lsa2 ws97\">24<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>8<span class=\"_ _21\"> </span><span class=\"ls3f ws36\">319<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>5<span class=\"_ _363\"> </span></span></span></span></span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Cost<span class=\"_ _15b\"> </span><span class=\"lsdd ws3b\">18<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _8c\"> </span><span class=\"lsdf wsd6\">113<span class=\"_ _3\"></span>,<span class=\"_ _34\"></span>2<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>5<span class=\"_ _21\"> </span><span class=\"lsb ws55\">259,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>81<span class=\"_ _c4\"> </span><span class=\"ls12a wsab\">48,253<span class=\"_ _2c\"> </span></span></span></span>6<span class=\"_ _0\"></span>10<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _363\"> </span></span>Acc<span class=\"_ _0\"></span>umulate<span class=\"_ _0\"></span>d depre<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ation &amp; i<span class=\"_ _0\"></span>mpair<span class=\"_ _0\"></span>ment l<span class=\"_ _0\"></span>oss<span class=\"_ _23d\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>26<span class=\"_ _3\"></span>4)<span class=\"_ _db\"> </span><span class=\"ls105 ws162\">(5<span class=\"_ _0\"></span>0,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>9)<span class=\"_ _1af\"> </span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>17<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _db\"> </span><span class=\"ls6e ws10\">(<span class=\"_ _2\"></span>23,425)<span class=\"_ _44\"> </span><span class=\"ls132 ws146\">(<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>1,13<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span></span></span></span>Net b<span class=\"_ _0\"></span>ook a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _23e\"> </span><span class=\"lse8 wsde\">14<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>2<span class=\"_ _76\"> </span><span class=\"lsa7 ws9c\">62,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>06<span class=\"_ _5d\"> </span><span class=\"ls144 ws152\">8<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9<span class=\"_ _76\"> </span><span class=\"lsa2 ws97\">24<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>8<span class=\"_ _21\"> </span><span class=\"ls3f ws36\">319<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>5<span class=\"_ _363\"> </span></span></span></span></span></span>Th<span class=\"_ _0\"></span>e Group\u2019s fre<span class=\"_ _0\"></span>eh<span class=\"_ _0\"></span>old an<span class=\"_ _0\"></span>d lon<span class=\"_ _0\"></span>g lease<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>d prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es lo<span class=\"_ _0\"></span>cated in t<span class=\"_ _0\"></span>he Re<span class=\"_ _0\"></span>publi<span class=\"_ _0\"></span>c of Ireland we<span class=\"_ _0\"></span>re professio<span class=\"_ _0\"></span>nally va<span class=\"_ _0\"></span>lued a<span class=\"_ _0\"></span>s at De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ber 1998 by<span class=\"_ _0\"></span> professio<span class=\"_ _0\"></span>nal valu<span class=\"_ _0\"></span>ers in a<span class=\"_ _0\"></span>cco<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce wit<span class=\"_ _0\"></span>h the A<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>raisal an<span class=\"_ _0\"></span>d Valuatio<span class=\"_ _0\"></span>n Manual of t<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>y of Char<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>red Su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>veyor<span class=\"_ _0\"></span>s. Pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y acqu<span class=\"_ _0\"></span>ired<span class=\"_ _0\"></span>/purchas<span class=\"_ _0\"></span>ed af<span class=\"_ _0\"></span>ter De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 1<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>98 is s<span class=\"_ _0\"></span>tated at c<span class=\"_ _0\"></span>ost o<span class=\"_ _0\"></span>r dee<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>t. Pre<span class=\"_ _0\"></span>viou<span class=\"_ _0\"></span>s valuati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h were mad<span class=\"_ _0\"></span>e on an op<span class=\"_ _0\"></span>en ma<span class=\"_ _0\"></span>rket for e<span class=\"_ _0\"></span>xistin<span class=\"_ _0\"></span>g use basis<span class=\"_ _0\"></span>, were de<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>d to be co<span class=\"_ _0\"></span>st for th<span class=\"_ _0\"></span>e pur<span class=\"_ _0\"></span>pose of t<span class=\"_ _0\"></span>he tra<span class=\"_ _0\"></span>nsiti<span class=\"_ _0\"></span>on to IFR<span class=\"_ _0\"></span>S as adopte<span class=\"_ _0\"></span>d by the E<span class=\"_ _0\"></span>U. Th<span class=\"_ _0\"></span>e remain<span class=\"_ _0\"></span>ing pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h are lo<span class=\"_ _0\"></span>cated in t<span class=\"_ _0\"></span>he Uni<span class=\"_ _0\"></span>ted King<span class=\"_ _0\"></span>dom<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e Net<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>lands a<span class=\"_ _0\"></span>nd Finl<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>, are inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>d at cos<span class=\"_ _0\"></span>t less d<span class=\"_ _0\"></span>epre<span class=\"_ _0\"></span>ciat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>13. <span class=\"_ _1f2\"> </span>Property<span class=\"_ _2\"></span>, Plant and<span class=\"_ _4\"></span> Equipment, Right-of-Use A<span class=\"_ _2\"></span>sset, Properties Held for Sale <span class=\"ls2 ws0\"> </span>and Inv<span class=\"_ _2\"></span>estment Properties<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>13<span class=\"_ _0\"></span>. (<span class=\"_ _2\"></span>b<span class=\"_ _4\"></span>) Rig<span class=\"_ _0\"></span>ht-<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>f-<span class=\"_ _0\"></span>Use Ass<span class=\"_ _0\"></span>et<span class=\"_ _363\"> </span>Property &amp; Land Leases \u00a3\u2019000<span class=\"_ _363\"> </span>Ve<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Other Asse<span class=\"_ _0\"></span>ts \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>Y<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _363\"> </span>Op<span class=\"_ _0\"></span>ening b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e at 1 Janua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>22<span class=\"_ _23f\"> </span><span class=\"ff83 ls33 ws29\">4<span class=\"_ _0\"></span>11<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _6e\"> </span><span class=\"ls15 ws32\">9,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>09<span class=\"_ _11d\"> </span><span class=\"ls97 ws88\">79<span class=\"_ _0\"></span>0<span class=\"_ _a1\"> </span><span class=\"ls22 ws66\">4<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span></span></span></span></span>Additions*<span class=\"_ _240\"> </span><span class=\"ff83 ls146 ws155\">2<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>9<span class=\"_ _a3\"> </span><span class=\"lsc2 ws168\">4<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _3\"></span>4<span class=\"_ _8b\"> </span><span class=\"lse7 wsb8\">18<span class=\"_ _76\"> </span><span class=\"ls22 ws66\">3<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>1<span class=\"_ _363\"> </span></span></span></span></span>Ar<span class=\"_ _0\"></span>ising o<span class=\"_ _0\"></span>n acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns (Note 27<span class=\"_ _0\"></span>)<span class=\"_ _241\"> </span><span class=\"ff83 ls12a wsab\">2,<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>45<span class=\"_ _114\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _6d\"> </span></span>2,<span class=\"_ _4\"></span>7<span class=\"_ _2\"></span>45<span class=\"_ _363\"> </span></span>De<span class=\"_ _0\"></span>prec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n charg<span class=\"_ _0\"></span>e (Note 3)<span class=\"_ _1f8\"> </span><span class=\"ff83 ls103 wsf8\">(5<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,6<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>0)<span class=\"_ _e9\"> </span><span class=\"ls157 ws16b\">(4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>0)<span class=\"_ _11d\"> </span><span class=\"ls144 ws152\">(62<span class=\"_ _0\"></span>)<span class=\"_ _96\"> </span><span class=\"ls134 ws145\">(<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>,14<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span></span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _152\"> </span><span class=\"ff83 ls22 ws66\">(<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _60\"> </span><span class=\"ls16 ws10c\">(33<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _8b\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _126\"> </span><span class=\"ls35 ws2b\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span></span></span></span></span>Reme<span class=\"_ _0\"></span>asurem<span class=\"_ _0\"></span>ents*<span class=\"_ _242\"> </span><span class=\"ff83 ls33 ws29\">16<span class=\"_ _34\"></span>,111<span class=\"_ _10c\"> </span>11<span class=\"_ _0\"></span>5<span class=\"_ _d0\"> </span><span class=\"lsbd wsb4\">(5<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>8)<span class=\"_ _21\"> </span><span class=\"ls8b ws7c\">1<span class=\"_ _4\"></span>5,678<span class=\"_ _363\"> </span></span></span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _243\"> </span><span class=\"ff83 ls31 ws27\">10<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _fa\"> </span><span class=\"ls97 ws88\">379<span class=\"_ _f4\"> </span></span>10<span class=\"_ _5d\"> </span><span class=\"lse7 wsb8\">10<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>18<span class=\"_ _363\"> </span></span></span>Closi<span class=\"_ _0\"></span>ng net b<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>k amou<span class=\"_ _0\"></span>nt<span class=\"_ _244\"> </span><span class=\"ff83 lsc2 ws168\">41<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>74<span class=\"_ _6e\"> </span><span class=\"ls15 ws32\">9,8<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>3<span class=\"_ _11d\"> </span><span class=\"ls8b ws7c\">208<span class=\"_ _2c\"> </span><span class=\"ls33 ws29\">4<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>115<span class=\"_ _363\"> </span></span></span></span></span>Y<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed at 1 Ja<span class=\"_ _0\"></span>nuar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>021<span class=\"_ _245\"> </span><span class=\"ls132 ws146\">4<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,1<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>9<span class=\"_ _63\"> </span><span class=\"lse0 wsd7\">13<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>1<span class=\"_ _1c\"> </span><span class=\"lsdd ws3b\">10<span class=\"_ _3\"></span>2<span class=\"_ _b0\"> </span><span class=\"lsa7 ws9c\">5<span class=\"_ _0\"></span>05<span class=\"_ _0\"></span>,92<span class=\"_ _0\"></span>2<span class=\"_ _363\"> </span></span></span></span></span>Additions<span class=\"_ _1c0\"> </span><span class=\"ls19 ws13\">15<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _34\"></span>0<span class=\"_ _3\"></span>4<span class=\"_ _77\"> </span><span class=\"ls36 wsf\">6,8<span class=\"_ _0\"></span>08<span class=\"_ _11\"> </span><span class=\"lsdd ws3b\">8<span class=\"_ _0\"></span>18<span class=\"_ _76\"> </span><span class=\"lsc0 ws9a\">22,630<span class=\"_ _363\"> </span></span></span></span></span>Ar<span class=\"_ _0\"></span>ising o<span class=\"_ _0\"></span>n acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _1be\"> </span><span class=\"ls132 ws146\">2<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,19<span class=\"_ _3\"></span>2<span class=\"_ _79\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _63\"> </span><span class=\"ls132 ws146\">2<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>19<span class=\"_ _3\"></span>2<span class=\"_ _363\"> </span></span></span>De<span class=\"_ _0\"></span>prec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n charg<span class=\"_ _0\"></span>e<span class=\"_ _246\"> </span><span class=\"ls12f ws7a\">(5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>4)<span class=\"_ _11a\"> </span><span class=\"ls34 ws2a\">(5<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>8)<span class=\"_ _112\"> </span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>10<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _2c\"> </span><span class=\"lsa2 ws97\">(59<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>624)<span class=\"_ _363\"> </span></span></span></span></span>Disposal of Gr<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>up businesses (No<span class=\"_ _4\"></span>te 27)<span class=\"_ _247\"> </span><span class=\"ls132 ws146\">(<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,16<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _126\"> </span><span class=\"ls19 ws13\">(<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>15<span class=\"_ _3\"></span>)<span class=\"_ _fa\"> </span><span class=\"lsa2 ws97\">(3<span class=\"_ _0\"></span>6)<span class=\"_ _2c\"> </span><span class=\"ls69 ws91\">(6<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>,613)<span class=\"_ _363\"> </span></span></span></span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _248\"> </span><span class=\"ls69 ws91\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>3)<span class=\"_ _ce\"> </span><span class=\"ls3f ws36\">(<span class=\"_ _0\"></span>19<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _22\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _1b\"> </span><span class=\"ls144 ws152\">(2<span class=\"_ _3\"></span>,79<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span></span></span>Reme<span class=\"_ _0\"></span>asurem<span class=\"_ _0\"></span>ents<span class=\"_ _249\"> </span><span class=\"ls42 ws38\">5<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>41<span class=\"_ _fa\"> </span><span class=\"ls97 ws88\">4<span class=\"_ _0\"></span>67<span class=\"_ _d1\"> </span><span class=\"lse0 wsd7\">13<span class=\"_ _60\"> </span><span class=\"ls16 ws10c\">5,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span></span></span></span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _21f\"> </span><span class=\"lse0 wsd7\">(<span class=\"_ _3\"></span>13<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _82\"> </span>(4<span class=\"_ _34\"></span>5<span class=\"_ _0\"></span>1)<span class=\"_ _f4\"> </span><span class=\"ls12f ws7a\">(5<span class=\"_ _0\"></span>)<span class=\"_ _db\"> </span><span class=\"lse8 wsde\">(<span class=\"_ _0\"></span>14<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span></span>Closi<span class=\"_ _0\"></span>ng net b<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>k amou<span class=\"_ _0\"></span>nt<span class=\"_ _a9\"> </span><span class=\"lsdf wsd6\">4<span class=\"_ _0\"></span>11<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _a3\"> </span><span class=\"ls13 ws22\">9,4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9<span class=\"_ _12f\"> </span><span class=\"ls1a ws7d\">790<span class=\"_ _21\"> </span><span class=\"ls16 ws10c\">421<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>25<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span></span></span></span>*  <span class=\"_ _32\"> </span>R<span class=\"_ _0\"></span>ight<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>use a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t add<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s rela<span class=\"_ _0\"></span>te to new l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s ente<span class=\"_ _0\"></span>red i<span class=\"_ _0\"></span>nto dur<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g the y<span class=\"_ _0\"></span>ear a<span class=\"_ _0\"></span>nd ma<span class=\"_ _0\"></span>inl<span class=\"_ _0\"></span>y ari<span class=\"_ _0\"></span>se du<span class=\"_ _0\"></span>e to le<span class=\"_ _0\"></span>ases e<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>ed in<span class=\"_ _0\"></span>to for n<span class=\"_ _0\"></span>ew sto<span class=\"_ _0\"></span>re lo<span class=\"_ _0\"></span>cat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns, a n<span class=\"_ _0\"></span>ew wa<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ous<span class=\"_ _0\"></span>e and n<span class=\"_ _0\"></span>ew le<span class=\"_ _0\"></span>ase c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>cts a<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>ed fo<span class=\"_ _0\"></span>r ex<span class=\"_ _0\"></span>ist<span class=\"_ _0\"></span>ing s<span class=\"_ _0\"></span>tores<span class=\"_ _0\"></span>. Ri<span class=\"_ _0\"></span>ght-<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>-u<span class=\"_ _0\"></span>se as<span class=\"_ _0\"></span>set r<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s have m<span class=\"_ _0\"></span>ainl<span class=\"_ _0\"></span>y ar<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>n due to t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>alis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of re<span class=\"_ _0\"></span>nt rev<span class=\"_ _0\"></span>iew<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of ex<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n opt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s avail<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e to th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up on a n<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>er of p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at will n<span class=\"_ _0\"></span>ot be e<span class=\"_ _0\"></span>xerc<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g value of ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h the Gro<span class=\"_ _0\"></span>up subl<span class=\"_ _0\"></span>ease as o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ating l<span class=\"_ _0\"></span>eases an<span class=\"_ _0\"></span>d gen<span class=\"_ _0\"></span>erate in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e from<span class=\"_ _0\"></span>, am<span class=\"_ _0\"></span>ounted to \u00a31<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.6 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a314.5 million).<span class=\"_ _363\"> </span>Cashf<span class=\"_ _0\"></span>low ex<span class=\"_ _0\"></span>posu<span class=\"_ _0\"></span>res relat<span class=\"_ _0\"></span>ing to ex<span class=\"_ _0\"></span>tensio<span class=\"_ _0\"></span>n opti<span class=\"_ _0\"></span>ons and te<span class=\"_ _0\"></span>rmin<span class=\"_ _0\"></span>ation o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns, whi<span class=\"_ _0\"></span>ch are n<span class=\"_ _0\"></span>ot refl<span class=\"_ _0\"></span>ecte<span class=\"_ _0\"></span>d in the m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>ment of l<span class=\"_ _0\"></span>ease liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es are \u00a3Ni<span class=\"_ _0\"></span>l (<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>1:<span class=\"_ _0\"></span> N<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>)<span class=\"_ _3\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e averag<span class=\"_ _0\"></span>e lease ter<span class=\"_ _0\"></span>m is 7<span class=\"_ _2\"></span>.6 years (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: 8.3 y<span class=\"_ _0\"></span>ears). The aver<span class=\"_ _0\"></span>age re<span class=\"_ _0\"></span>mainin<span class=\"_ _0\"></span>g lease ter<span class=\"_ _0\"></span>m at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2 is 3<span class=\"_ _0\"></span>.6 years (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: 4.0 yea<span class=\"_ _0\"></span>rs).<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e amou<span class=\"_ _0\"></span>nts rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>:<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Continuing \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>De<span class=\"_ _0\"></span>prec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n exp<span class=\"_ _0\"></span>ense o<span class=\"_ _0\"></span>n rig<span class=\"_ _0\"></span>ht-<span class=\"_ _0\"></span>of-us<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts (Note 3)<span class=\"_ _122\"> </span><span class=\"ff83 ls134 ws145\">6<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,14<span class=\"_ _0\"></span>2<span class=\"_ _5d\"> </span></span><span class=\"ws77\">5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>,552<span class=\"_ _126\"> </span><span class=\"lsa2 ws97\">59<span class=\"_ _0\"></span>,624<span class=\"_ _363\"> </span></span></span>Interest e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nse on l<span class=\"_ _0\"></span>ease liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es (Note 7<span class=\"_ _0\"></span>)<span class=\"_ _7a\"> </span><span class=\"ff83 ls134 ws145\">14<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>919<span class=\"_ _63\"> </span></span><span class=\"lse8 wsde\">14<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>7<span class=\"_ _5d\"> </span><span class=\"ls19 ws13\">15<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _34\"></span>8<span class=\"_ _3\"></span>0<span class=\"_ _363\"> </span></span></span>E<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nse rel<span class=\"_ _0\"></span>ating to sh<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t ter<span class=\"_ _0\"></span>m leas<span class=\"_ _0\"></span>es (Note 3)<span class=\"_ _24a\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _ce\"> </span></span><span class=\"ls132 ws146\">1,1<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>7<span class=\"_ _a4\"> </span><span class=\"lsdd ws3b\">1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>7<span class=\"_ _363\"> </span></span></span>E<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nse rel<span class=\"_ _0\"></span>ating to le<span class=\"_ _0\"></span>ases of low<span class=\"_ _0\"></span>-val<span class=\"_ _0\"></span>ue asse<span class=\"_ _0\"></span>ts (N<span class=\"_ _0\"></span>ote 3)<span class=\"_ _102\"> </span><span class=\"ff83 ls8b ws7c\">200<span class=\"_ _f5\"> </span></span><span class=\"ls2c ws14\">38<span class=\"_ _f4\"> </span>38<span class=\"_ _363\"> </span></span>E<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nse rel<span class=\"_ _0\"></span>ating to var<span class=\"_ _0\"></span>iabl<span class=\"_ _0\"></span>e lease p<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nts not inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>e measu<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nts of lease l<span class=\"_ _0\"></span>iabili<span class=\"_ _0\"></span>ty<span class=\"_ _0\"></span> (N<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>e 3)<span class=\"_ _17b\"> </span><span class=\"ff83 ls20 ws19\">292<span class=\"_ _fa\"> </span></span><span class=\"ls37 ws2d\">16<span class=\"_ _3\"></span>9<span class=\"_ _206\"> </span>16<span class=\"_ _0\"></span>9<span class=\"_ _363\"> </span></span>Income from subleasing right<span class=\"_ _2\"></span>-<span class=\"_ _0\"></span>of-use assets \u2013 operating leases<span class=\"_ _24b\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>6<span class=\"_ _fa\"> </span></span><span class=\"lsff wsf3\">883<span class=\"_ _11d\"> </span>883<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e total cash o<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ow for leas<span class=\"_ _0\"></span>es amo<span class=\"_ _0\"></span>unted to \u00a373<span class=\"_ _0\"></span>.0 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a370.7 million).<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>ere have be<span class=\"_ _0\"></span>en n<span class=\"_ _0\"></span>o sale an<span class=\"_ _0\"></span>d lease<span class=\"_ _0\"></span>bac<span class=\"_ _0\"></span>k trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>ons in t<span class=\"_ _0\"></span>he cur<span class=\"_ _0\"></span>rent ye<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e undisc<span class=\"_ _0\"></span>ounted l<span class=\"_ _0\"></span>ease a<span class=\"_ _0\"></span>mount<span class=\"_ _0\"></span>s to be rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d on an an<span class=\"_ _0\"></span>nual basis<span class=\"_ _0\"></span>, in rel<span class=\"_ _0\"></span>ation to t<span class=\"_ _0\"></span>he subl<span class=\"_ _0\"></span>ease o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ating le<span class=\"_ _0\"></span>ase inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e, is \u00a30.6 milli<span class=\"_ _0\"></span>on for yea<span class=\"_ _0\"></span>r one,<span class=\"_ _0\"></span> \u00a30.5 milli<span class=\"_ _0\"></span>ons for yea<span class=\"_ _0\"></span>rs t<span class=\"_ _0\"></span>wo and thre<span class=\"_ _0\"></span>e, \u00a3<span class=\"_ _0\"></span>0.3 milli<span class=\"_ _0\"></span>on for yea<span class=\"_ _0\"></span>r four and \u00a3<span class=\"_ _0\"></span>0.2 milli<span class=\"_ _0\"></span>on for yea<span class=\"_ _0\"></span>r five o<span class=\"_ _0\"></span>nwards wit<span class=\"_ _0\"></span>h total inc<span class=\"_ _0\"></span>ome f<span class=\"_ _0\"></span>rom sub<span class=\"_ _0\"></span>leasin<span class=\"_ _0\"></span>g right-<span class=\"_ _3\"></span>of-use<span class=\"_ _0\"></span> asset<span class=\"_ _0\"></span>s amou<span class=\"_ _0\"></span>nting to \u00a3<span class=\"_ _0\"></span>2.5 milli<span class=\"_ _0\"></span>on (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a33.<span class=\"_ _0\"></span>3 millio<span class=\"_ _0\"></span>n)<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>13. <span class=\"_ _1f2\"> </span>Property<span class=\"_ _2\"></span>, Plant and<span class=\"_ _4\"></span> Equipment, Right-of-Use A<span class=\"_ _2\"></span>sset, Properties Held for Sale <span class=\"ls2 ws0\"> </span>and Inv<span class=\"_ _2\"></span>estment Properties<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>13<span class=\"_ _0\"></span>. (<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>) Pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es He<span class=\"_ _0\"></span>ld f<span class=\"_ _0\"></span>or S<span class=\"_ _0\"></span>ale<span class=\"_ _363\"> </span>Carrying <span class=\"ls2 ws0\"> </span>Amount \u00a3\u2019000<span class=\"_ _363\"> </span>At 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>021<span class=\"_ _24c\"> </span><span class=\"ff84 lsdd ws3b\">18<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>8<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ransfer<span class=\"_ _0\"></span>s from p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and equ<span class=\"_ _0\"></span>ipme<span class=\"_ _0\"></span>nt<span class=\"_ _24d\"> </span><span class=\"lsa2 ws97\">324<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ran<span class=\"_ _2\"></span>sfers fr<span class=\"_ _4\"></span>om in<span class=\"_ _2\"></span>vestment pr<span class=\"_ _2\"></span>oper<span class=\"_ _0\"></span>ties<span class=\"_ _24e\"> </span><span class=\"ls106 wsf9\">546<span class=\"_ _363\"> </span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _24f\"> </span><span class=\"lsdf wsd6\">(<span class=\"_ _3\"></span>11,<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>15<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _250\"> </span><span class=\"ls15d ws1a\">(<span class=\"_ _2\"></span>888)<span class=\"_ _363\"> </span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _251\"> </span><span class=\"ls97 ws88\">6,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>25<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ransfer<span class=\"_ _0\"></span>s to prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant &amp; equip<span class=\"_ _0\"></span>ment<span class=\"_ _252\"> </span><span class=\"ff83 ls157 ws16b\">(4<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3)<span class=\"_ _363\"> </span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _253\"> </span><span class=\"ff83 ls22 ws66\">(<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>9)<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _254\"> </span><span class=\"ff83 ls33 ws29\">2<span class=\"_ _0\"></span>11<span class=\"_ _363\"> </span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _255\"> </span><span class=\"ls78 ws6b\">4,364<span class=\"_ _363\"> </span></span>Dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year, five UK h<span class=\"_ _0\"></span>eld for s<span class=\"_ _0\"></span>ale pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties we<span class=\"_ _0\"></span>re sold<span class=\"_ _0\"></span>. An e<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ent of on<span class=\"_ _0\"></span>e Irish pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y was tran<span class=\"_ _0\"></span>sferre<span class=\"_ _0\"></span>d to prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and eq<span class=\"_ _0\"></span>uipm<span class=\"_ _0\"></span>ent fro<span class=\"_ _0\"></span>m prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies he<span class=\"_ _0\"></span>ld for sal<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e total num<span class=\"_ _0\"></span>ber of pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties h<span class=\"_ _0\"></span>eld for s<span class=\"_ _0\"></span>ale at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2 was th<span class=\"_ _0\"></span>ree (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: eight), of wh<span class=\"_ _0\"></span>ich t<span class=\"_ _0\"></span>wo (2021<span class=\"_ _2\"></span>: s<span class=\"_ _0\"></span>even) are loc<span class=\"_ _0\"></span>ated in th<span class=\"_ _0\"></span>e UK an<span class=\"_ _0\"></span>d one (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: one) in Irelan<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>hese p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es are sh<span class=\"_ _0\"></span>own in th<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce she<span class=\"_ _0\"></span>et at t<span class=\"_ _0\"></span>he lower of t<span class=\"_ _0\"></span>heir c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying a<span class=\"_ _0\"></span>mount a<span class=\"_ _0\"></span>nd fair value l<span class=\"_ _0\"></span>ess any disp<span class=\"_ _0\"></span>osal c<span class=\"_ _0\"></span>osts<span class=\"_ _0\"></span>. On<span class=\"_ _0\"></span>e prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed at a fair v<span class=\"_ _0\"></span>alue of \u00a33<span class=\"_ _0\"></span>.6 million (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: four pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s at \u00a34.8 mil<span class=\"_ _0\"></span>lion).<span class=\"_ _363\"> </span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies he<span class=\"_ _0\"></span>ld for sal<span class=\"_ _0\"></span>e are not us<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>urse of busi<span class=\"_ _0\"></span>ness a<span class=\"_ _0\"></span>nd are availab<span class=\"_ _0\"></span>le for im<span class=\"_ _0\"></span>medi<span class=\"_ _0\"></span>ate sale in t<span class=\"_ _0\"></span>heir p<span class=\"_ _0\"></span>resent c<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n subje<span class=\"_ _0\"></span>ct to ter<span class=\"_ _0\"></span>ms that are usual a<span class=\"_ _0\"></span>nd custo<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>y for p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es of this natu<span class=\"_ _0\"></span>re. Th<span class=\"_ _0\"></span>e indi<span class=\"_ _0\"></span>vidu<span class=\"_ _0\"></span>al prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies were b<span class=\"_ _0\"></span>eing a<span class=\"_ _0\"></span>ctive<span class=\"_ _0\"></span>ly mar<span class=\"_ _0\"></span>keted at th<span class=\"_ _0\"></span>e year e<span class=\"_ _0\"></span>nd and t<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p is com<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>ted to it<span class=\"_ _0\"></span>s plan to sell t<span class=\"_ _0\"></span>hese p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es in an o<span class=\"_ _0\"></span>rder<span class=\"_ _0\"></span>ly ma<span class=\"_ _0\"></span>nner.<span class=\"_ _363\"> </span>13. (<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>) Inv<span class=\"_ _2\"></span>estment Properties<span class=\"_ _363\"> </span>Fair<span class=\"_ _4\"></span> Value<span class=\"_ _2\"></span> \u00a3\u2019000<span class=\"_ _363\"> </span>At 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>021<span class=\"_ _24c\"> </span><span class=\"ff84 ls89 wsd0\">12<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>8<span class=\"_ _363\"> </span></span>Fair value gains<span class=\"_ _256\"> </span><span class=\"ls13 ws22\">9,8<span class=\"_ _0\"></span>50<span class=\"_ _363\"> </span></span>Fair va<span class=\"_ _2\"></span>lu<span class=\"_ _0\"></span>e losses<span class=\"_ _257\"> </span><span class=\"lse4 wsdc\">(8<span class=\"_ _0\"></span>2)<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ransfer<span class=\"_ _0\"></span>s from p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant &amp; equip<span class=\"_ _0\"></span>ment<span class=\"_ _258\"> </span><span class=\"lsa7 ws9c\">5,9<span class=\"_ _0\"></span>00<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ransfer<span class=\"_ _0\"></span>s to prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d for sale<span class=\"_ _259\"> </span><span class=\"ls12f ws7a\">(5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>6)<span class=\"_ _363\"> </span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _25a\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _250\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _25b\"> </span><span class=\"ls97 ws88\">26,527<span class=\"_ _363\"> </span></span>Fair value gains<span class=\"_ _25c\"> </span><span class=\"ff83 lsa7 ws9c\">4,99<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _253\"> </span><span class=\"ff83 ls155 ws169\">(<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,76<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _1d2\"> </span><span class=\"ff83 ls68 ws5d\">328<span class=\"_ _363\"> </span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _25b\"> </span><span class=\"ls1a ws7d\">26,084<span class=\"_ _363\"> </span></span>Dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year, the Grou<span class=\"_ _0\"></span>p dispo<span class=\"_ _0\"></span>sed of on<span class=\"_ _0\"></span>e UK and o<span class=\"_ _0\"></span>ne Ir<span class=\"_ _0\"></span>ish invest<span class=\"_ _0\"></span>ment p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. The total numb<span class=\"_ _0\"></span>er of invest<span class=\"_ _0\"></span>ment p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2 was 1<span class=\"_ _2\"></span>3 (2021<span class=\"_ _2\"></span>: 15) of which six (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: seve<span class=\"_ _0\"></span>n) are located i<span class=\"_ _0\"></span>n the U<span class=\"_ _0\"></span>K and seve<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: e<span class=\"_ _0\"></span>ight) in Irela<span class=\"_ _0\"></span>nd. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies are b<span class=\"_ _0\"></span>eing h<span class=\"_ _0\"></span>eld wi<span class=\"_ _0\"></span>th a vi<span class=\"_ _0\"></span>ew to enhancing th<span class=\"_ _0\"></span>eir value.<span class=\"_ _363\"> </span>Investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties of \u00a3<span class=\"_ _0\"></span>26.<span class=\"_ _2\"></span>1 milli<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h are sep<span class=\"_ _0\"></span>arately c<span class=\"_ _0\"></span>lassif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d in no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>, are car<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ed at fair va<span class=\"_ _0\"></span>lue in t<span class=\"_ _0\"></span>he fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial state<span class=\"_ _0\"></span>ments<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> valuati<span class=\"_ _0\"></span>on tec<span class=\"_ _0\"></span>hniqu<span class=\"_ _0\"></span>es use<span class=\"_ _0\"></span>d incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d a revi<span class=\"_ _0\"></span>ew of the ma<span class=\"_ _0\"></span>rket valu<span class=\"_ _0\"></span>e of com<span class=\"_ _0\"></span>parab<span class=\"_ _0\"></span>le tr<span class=\"_ _0\"></span>ansac<span class=\"_ _0\"></span>tions t<span class=\"_ _0\"></span>hat were re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ntly c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>leted o<span class=\"_ _0\"></span>r on th<span class=\"_ _0\"></span>e marke<span class=\"_ _0\"></span>t and th<span class=\"_ _0\"></span>e ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es of inde<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>dent re<span class=\"_ _0\"></span>gistere<span class=\"_ _0\"></span>d prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty ap<span class=\"_ _0\"></span>prais<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>. In case<span class=\"_ _0\"></span>s where t<span class=\"_ _0\"></span>here a<span class=\"_ _0\"></span>re no re<span class=\"_ _0\"></span>cent p<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ede<span class=\"_ _0\"></span>nt tra<span class=\"_ _0\"></span>nsact<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>, valuat<span class=\"_ _0\"></span>ions we<span class=\"_ _0\"></span>re based o<span class=\"_ _0\"></span>n est<span class=\"_ _0\"></span>imated<span class=\"_ _0\"></span> rental y<span class=\"_ _0\"></span>iel<span class=\"_ _0\"></span>ds, c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion of resi<span class=\"_ _0\"></span>dual valu<span class=\"_ _0\"></span>e and c<span class=\"_ _0\"></span>onsul<span class=\"_ _0\"></span>tatio<span class=\"_ _0\"></span>ns with e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>al age<span class=\"_ _0\"></span>nts who have k<span class=\"_ _0\"></span>nowle<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e of loc<span class=\"_ _0\"></span>al prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ma<span class=\"_ _0\"></span>rkets<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>13. (<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>) F<span class=\"_ _2\"></span>air V<span class=\"_ _2\"></span>alue Hierarchy \u2013<span class=\"_ _4\"></span> Properties Held for Sale<span class=\"_ _2\"></span> Carried at F<span class=\"_ _2\"></span>air Value<span class=\"_ _2\"></span> and Inves<span class=\"_ _4\"></span>tment Properties<span class=\"_ _363\"> </span>As note<span class=\"_ _0\"></span>d in the G<span class=\"_ _0\"></span>roup\u2019s ac<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ing po<span class=\"_ _0\"></span>lici<span class=\"_ _0\"></span>es on pa<span class=\"_ _0\"></span>ges 171<span class=\"_ _2\"></span>, prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies h<span class=\"_ _0\"></span>eld for s<span class=\"_ _0\"></span>ale are he<span class=\"_ _0\"></span>ld at th<span class=\"_ _0\"></span>e lower of car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>ount and f<span class=\"_ _0\"></span>air value l<span class=\"_ _0\"></span>ess c<span class=\"_ _0\"></span>osts<span class=\"_ _0\"></span> to sell. Inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies are c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d at fair valu<span class=\"_ _0\"></span>e. Fair valu<span class=\"_ _0\"></span>e is def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d as the p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>e that woul<span class=\"_ _0\"></span>d be re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>ved if t<span class=\"_ _0\"></span>he asse<span class=\"_ _0\"></span>t was sold in a<span class=\"_ _0\"></span>n orde<span class=\"_ _0\"></span>rly<span class=\"_ _0\"></span> trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en ma<span class=\"_ _0\"></span>rket pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>ipants b<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>\u2019s high<span class=\"_ _0\"></span>est and b<span class=\"_ _0\"></span>est us<span class=\"_ _0\"></span>e. Valuatio<span class=\"_ _0\"></span>ns are revi<span class=\"_ _0\"></span>ewed e<span class=\"_ _0\"></span>ach yea<span class=\"_ _0\"></span>r by the Di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>tors wit<span class=\"_ _0\"></span>h movem<span class=\"_ _0\"></span>ents in fai<span class=\"_ _0\"></span>r value re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in the i<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group re<span class=\"_ _0\"></span>viewe<span class=\"_ _0\"></span>d its pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year<span class=\"_ _4\"></span>. Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies he<span class=\"_ _0\"></span>ld for sal<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ise land a<span class=\"_ _0\"></span>nd build<span class=\"_ _0\"></span>ings in a nu<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r of loc<span class=\"_ _0\"></span>ations a<span class=\"_ _0\"></span>cross t<span class=\"_ _0\"></span>he UK and Ire<span class=\"_ _0\"></span>land<span class=\"_ _0\"></span>. Investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s, c<span class=\"_ _0\"></span>ompr<span class=\"_ _0\"></span>ising l<span class=\"_ _0\"></span>and and b<span class=\"_ _0\"></span>uilding<span class=\"_ _0\"></span>s loc<span class=\"_ _0\"></span>ated in th<span class=\"_ _0\"></span>e UK an<span class=\"_ _0\"></span>d Ireland<span class=\"_ _0\"></span>, are he<span class=\"_ _0\"></span>ld for c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al appre<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ation a<span class=\"_ _0\"></span>nd or re<span class=\"_ _0\"></span>ntal inco<span class=\"_ _0\"></span>me an<span class=\"_ _0\"></span>d are not o<span class=\"_ _0\"></span>ccup<span class=\"_ _0\"></span>ied by t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up for tr<span class=\"_ _0\"></span>ading pu<span class=\"_ _0\"></span>rpo<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>. This als<span class=\"_ _0\"></span>o incl<span class=\"_ _0\"></span>udes p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ts of pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties w<span class=\"_ _0\"></span>hich are s<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>let to th<span class=\"_ _0\"></span>ird par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies held fo<span class=\"_ _0\"></span>r sale c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>rise p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es that are h<span class=\"_ _0\"></span>eld at a c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying am<span class=\"_ _0\"></span>ount of \u00a30.<span class=\"_ _0\"></span>8 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a31.4 million) and prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es he<span class=\"_ _0\"></span>ld at a fair valu<span class=\"_ _0\"></span>e of \u00a33.6 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a34.<span class=\"_ _0\"></span>8 millio<span class=\"_ _0\"></span>n<span class=\"_ _4\"></span>). Investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties are h<span class=\"_ _0\"></span>eld at a fair v<span class=\"_ _0\"></span>alue of \u00a3<span class=\"_ _0\"></span>26.<span class=\"_ _2\"></span>1 milli<span class=\"_ _0\"></span>on (2021<span class=\"_ _2\"></span>: \u00a3<span class=\"_ _0\"></span>26<span class=\"_ _0\"></span>.5 millio<span class=\"_ _0\"></span>n)<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>In gen<span class=\"_ _0\"></span>eral<span class=\"_ _0\"></span>, valuat<span class=\"_ _0\"></span>ions have b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n unde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ken having re<span class=\"_ _0\"></span>gard to c<span class=\"_ _0\"></span>ompa<span class=\"_ _0\"></span>rabl<span class=\"_ _0\"></span>e market t<span class=\"_ _0\"></span>rans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>ons be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en infor<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d mar<span class=\"_ _0\"></span>ket par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cipa<span class=\"_ _0\"></span>nts. 13. <span class=\"_ _1f2\"> </span>Property<span class=\"_ _2\"></span>, Plant and<span class=\"_ _4\"></span> Equipment, Right-of-Use A<span class=\"_ _2\"></span>sset, Properties Held for Sale <span class=\"ls2 ws0\"> </span>and Inv<span class=\"_ _2\"></span>estment Properties<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>13. (<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>) F<span class=\"_ _2\"></span>air V<span class=\"_ _2\"></span>alue Hierarchy \u2013<span class=\"_ _4\"></span> Properties Held for Sale<span class=\"_ _2\"></span> Carried at F<span class=\"_ _2\"></span>air Value<span class=\"_ _2\"></span> and Inves<span class=\"_ _4\"></span>tment Properties<span class=\"ff85 ls36 wsf\"> continued<span class=\"_ _363\"> </span></span>Due to ve<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y limi<span class=\"_ _0\"></span>ted tra<span class=\"_ _0\"></span>nsact<span class=\"_ _0\"></span>ions for p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es of a simila<span class=\"_ _0\"></span>r nature in th<span class=\"_ _0\"></span>e UK an<span class=\"_ _0\"></span>d Irelan<span class=\"_ _0\"></span>d, th<span class=\"_ _0\"></span>e valuati<span class=\"_ _0\"></span>ons of a num<span class=\"_ _0\"></span>ber of pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s were co<span class=\"_ _0\"></span>mple<span class=\"_ _0\"></span>ted using oth<span class=\"_ _0\"></span>er me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>ds. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e valuati<span class=\"_ _0\"></span>ons were d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d intern<span class=\"_ _0\"></span>ally wi<span class=\"_ _0\"></span>th refere<span class=\"_ _0\"></span>nce to lo<span class=\"_ _0\"></span>cal k<span class=\"_ _0\"></span>nowl<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>e, valuat<span class=\"_ _0\"></span>ion te<span class=\"_ _0\"></span>chniq<span class=\"_ _0\"></span>ues an<span class=\"_ _0\"></span>d the e<span class=\"_ _0\"></span>xercise of judg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt followin<span class=\"_ _0\"></span>g consu<span class=\"_ _0\"></span>ltati<span class=\"_ _0\"></span>on wi<span class=\"_ _0\"></span>th pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ty ad<span class=\"_ _0\"></span>vise<span class=\"_ _0\"></span>rs wit<span class=\"_ _0\"></span>h rec<span class=\"_ _0\"></span>ent ex<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>nce of th<span class=\"_ _0\"></span>e loc<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n and natu<span class=\"_ _0\"></span>re of the pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties b<span class=\"_ _0\"></span>eing val<span class=\"_ _0\"></span>ued to<span class=\"_ _0\"></span>get<span class=\"_ _0\"></span>her with t<span class=\"_ _0\"></span>he valu<span class=\"_ _0\"></span>ation of c<span class=\"_ _0\"></span>ompa<span class=\"_ _0\"></span>rabl<span class=\"_ _0\"></span>e prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies liste<span class=\"_ _0\"></span>d in the m<span class=\"_ _0\"></span>arket<span class=\"_ _0\"></span>plac<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns are de<span class=\"_ _0\"></span>rive<span class=\"_ _0\"></span>d from d<span class=\"_ _0\"></span>ata whi<span class=\"_ _0\"></span>ch is not pu<span class=\"_ _0\"></span>blicl<span class=\"_ _0\"></span>y availabl<span class=\"_ _0\"></span>e and for t<span class=\"_ _0\"></span>hese re<span class=\"_ _0\"></span>asons<span class=\"_ _0\"></span>, the v<span class=\"_ _0\"></span>aluati<span class=\"_ _0\"></span>ons of the G<span class=\"_ _0\"></span>roup\u2019s pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ty p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>is classi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed as le<span class=\"_ _0\"></span>vel 3 as def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _2\"></span>3.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e following is a s<span class=\"_ _0\"></span>ummar<span class=\"_ _3\"></span>y of valuatio<span class=\"_ _0\"></span>n met<span class=\"_ _0\"></span>hod<span class=\"_ _0\"></span>s used i<span class=\"_ _0\"></span>n relati<span class=\"_ _0\"></span>on to the G<span class=\"_ _0\"></span>roup\u2019s hel<span class=\"_ _0\"></span>d for sale a<span class=\"_ _0\"></span>nd invest<span class=\"_ _0\"></span>ment p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es whic<span class=\"_ _0\"></span>h are ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ied at<span class=\"_ _363\"> </span>fair value:<span class=\"_ _363\"> </span>At 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2<span class=\"_ _363\"> </span>Independent valuations<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Comparable ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t transactions \u00a3\u2019000<span class=\"_ _363\"> </span>Of<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>s from third par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal 2022 \u00a3\u2019000<span class=\"_ _363\"> </span>Pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es H<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for S<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _363\"> </span>Distribution segme<span class=\"_ _0\"></span>nt<span class=\"_ _155\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _181\"> </span><span class=\"ls13 ws22\">3,60<span class=\"_ _0\"></span>2<span class=\"_ _e7\"> </span></span>\u2013<span class=\"_ _181\"> </span><span class=\"ls13 ws22\">3,60<span class=\"_ _0\"></span>2<span class=\"_ _363\"> </span></span></span>Independent valuations<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Comparable ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t transactions \u00a3\u2019000<span class=\"_ _363\"> </span>Other methods \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal 2022 \u00a3\u2019000<span class=\"_ _363\"> </span>Inv<span class=\"_ _4\"></span>estment Proper<span class=\"_ _0\"></span>ties<span class=\"_ _363\"> </span>Distribution segme<span class=\"_ _0\"></span>nt<span class=\"_ _25d\"> </span><span class=\"ff83 ls6c ws61\">1<span class=\"_ _2\"></span>4,862<span class=\"_ _6e\"> </span><span class=\"ls146 ws155\">7,<span class=\"_ _0\"></span>6<span class=\"_ _34\"></span>8<span class=\"_ _3\"></span>0<span class=\"_ _79\"> </span><span class=\"ff84 ls2 ws0\">\u2013<span class=\"_ _20\"> </span></span><span class=\"ls18 ws12\">22,5<span class=\"_ _0\"></span>42<span class=\"_ _363\"> </span></span></span></span>Manufacturing segment<span class=\"_ _14d\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _131\"> </span><span class=\"ls78 ws6b\">2,<span class=\"_ _0\"></span>336<span class=\"_ _46\"> </span><span class=\"ls22 ws66\">1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>6<span class=\"_ _6e\"> </span><span class=\"ls18 ws12\">3,542<span class=\"_ _363\"> </span></span></span></span></span>To<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _14a\"> </span><span class=\"ff83 ls6c ws61\">1<span class=\"_ _2\"></span>4,862<span class=\"_ _11a\"> </span><span class=\"lsdd ws3b\">10<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>16<span class=\"_ _6d\"> </span><span class=\"ls22 ws66\">1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>6<span class=\"_ _5b\"> </span><span class=\"ls1a ws7d\">26,08<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span></span></span></span>At 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>021<span class=\"_ _363\"> </span>Independent valuations<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Comparable ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t transactions \u00a3\u2019000<span class=\"_ _363\"> </span>Of<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>s from third par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal 20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es H<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for S<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _363\"> </span>Distribution segme<span class=\"_ _0\"></span>nt<span class=\"_ _155\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _a3\"> </span><span class=\"ls144 ws152\">4<span class=\"_ _0\"></span>,75<span class=\"_ _3\"></span>7<span class=\"_ _e7\"> </span></span>\u2013<span class=\"_ _a3\"> </span><span class=\"ls144 ws152\">4<span class=\"_ _3\"></span>,75<span class=\"_ _0\"></span>7<span class=\"_ _363\"> </span></span></span>Independent valuations<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Comparable ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t transactions<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Other <span class=\"ls2 ws0\"> </span>methods \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal 20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Inv<span class=\"_ _4\"></span>estment Proper<span class=\"_ _0\"></span>ties<span class=\"_ _363\"> </span>Distribution segme<span class=\"_ _0\"></span>nt<span class=\"_ _246\"> </span><span class=\"ls19 ws13\">15<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>0<span class=\"_ _112\"> </span><span class=\"ls16 ws10c\">7<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>421<span class=\"_ _128\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _63\"> </span><span class=\"ls132 ws146\">2<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,17<span class=\"_ _3\"></span>1<span class=\"_ _363\"> </span></span></span></span></span>Manufacturing segment<span class=\"_ _14d\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _a3\"> </span><span class=\"lse0 wsd7\">2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>13<span class=\"_ _ce\"> </span><span class=\"ls132 ws146\">1,14<span class=\"_ _34\"> </span>3<span class=\"_ _60\"> </span></span></span></span><span class=\"ws3d\">3,356<span class=\"_ _363\"> </span></span>To<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _192\"> </span><span class=\"ls19 ws13\">15<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>0<span class=\"_ _a3\"> </span><span class=\"ls13 ws22\">9,6<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>4<span class=\"_ _112\"> </span><span class=\"ls132 ws146\">1,14<span class=\"_ _34\"></span>3<span class=\"_ _126\"> </span><span class=\"ls0 ws77\">26,<span class=\"_ _0\"></span>527<span class=\"_ _363\"> </span></span></span></span></span>Th<span class=\"_ _0\"></span>e following t<span class=\"_ _0\"></span>able s<span class=\"_ _0\"></span>hows a rec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ciliati<span class=\"_ _0\"></span>on fro<span class=\"_ _0\"></span>m the o<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>ing bala<span class=\"_ _0\"></span>nce to th<span class=\"_ _0\"></span>e clos<span class=\"_ _0\"></span>ing 20<span class=\"_ _0\"></span>22 b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e for leve<span class=\"_ _0\"></span>l 3 fair valu<span class=\"_ _0\"></span>es:<span class=\"_ _363\"> </span>Proper<span class=\"_ _0\"></span>ties he<span class=\"_ _0\"></span>ld f<span class=\"_ _0\"></span>or s<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e 2022 \u00a3\u2019000<span class=\"_ _363\"> </span>Investment proper<span class=\"_ _0\"></span>ties 2022 \u00a3\u2019000<span class=\"_ _363\"> </span>Bala<span class=\"_ _0\"></span>nce at b<span class=\"_ _0\"></span>egin<span class=\"_ _0\"></span>ning of year<span class=\"_ _25e\"> </span><span class=\"ff83 ls97 ws88\">6,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>25<span class=\"_ _20\"> </span>26,527<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ransfer<span class=\"_ _0\"></span>s to prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and equ<span class=\"_ _0\"></span>ipme<span class=\"_ _0\"></span>nt<span class=\"_ _25f\"> </span><span class=\"ff83 ls157 ws16b\">(4<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3)<span class=\"_ _22\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _260\"> </span><span class=\"ff83 ls22 ws66\">(<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>9)<span class=\"_ _5b\"> </span><span class=\"ls155 ws169\">(5<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span></span></span>Fair value g<span class=\"_ _0\"></span>ains and l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s*<span class=\"_ _f2\"> </span><span class=\"ls2\">\u2013<span class=\"_ _66\"> </span><span class=\"ff83 lsa7 ws9c\">4<span class=\"_ _0\"></span>,99<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span></span>Fore<span class=\"_ _0\"></span>ign exch<span class=\"_ _0\"></span>ange m<span class=\"_ _0\"></span>oveme<span class=\"_ _0\"></span>nt<span class=\"_ _24d\"> </span><span class=\"ff83 ls33 ws29\">2<span class=\"_ _0\"></span>11<span class=\"_ _11\"> </span><span class=\"ls68 ws5d\">328<span class=\"_ _363\"> </span></span></span>Ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e at e<span class=\"_ _0\"></span>nd of ye<span class=\"_ _0\"></span>ar<span class=\"_ _261\"> </span><span class=\"ls78 ws6b\">4,364<span class=\"_ _20\"> </span><span class=\"ls1a ws7d\">26,0<span class=\"_ _0\"></span>84<span class=\"_ _363\"> </span></span></span>Rec<span class=\"_ _0\"></span>orde<span class=\"_ _0\"></span>d at fair val<span class=\"_ _0\"></span>ue<span class=\"_ _262\"> </span><span class=\"ff83 ls13 ws22\">3,60<span class=\"_ _0\"></span>2<span class=\"_ _20\"> </span><span class=\"ls1a ws7d\">26,08<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span></span>Rec<span class=\"_ _0\"></span>orde<span class=\"_ _0\"></span>d at co<span class=\"_ _0\"></span>st<span class=\"_ _228\"> </span><span class=\"ff83 ls14 wsb9\">762<span class=\"_ _e7\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span></span>T<span class=\"_ _2\"></span>otal<span class=\"_ _263\"> </span><span class=\"ls78 ws6b\">4,364<span class=\"_ _20\"> </span><span class=\"ls1a ws7d\">26,0<span class=\"_ _0\"></span>84<span class=\"_ _363\"> </span></span></span>*  <span class=\"_ _32\"> </span>D<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ing 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, a fai<span class=\"_ _0\"></span>r valu<span class=\"_ _0\"></span>e gai<span class=\"_ _0\"></span>n of \u00a35.<span class=\"_ _0\"></span>0 milli<span class=\"_ _0\"></span>on wa<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n six p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>hre<span class=\"_ _0\"></span>e of th<span class=\"_ _0\"></span>ese we<span class=\"_ _0\"></span>re pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h wer<span class=\"_ _0\"></span>e ret<span class=\"_ _0\"></span>aine<span class=\"_ _0\"></span>d by t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup fo<span class=\"_ _0\"></span>llow<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent to dive<span class=\"_ _0\"></span>st t<span class=\"_ _0\"></span>he tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l mer<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ng bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss in G<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>t Bri<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in. T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se t<span class=\"_ _0\"></span>hre<span class=\"_ _0\"></span>e pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es hav<span class=\"_ _0\"></span>e a fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of \u00a314.9 milli<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e valu<span class=\"_ _0\"></span>e of th<span class=\"_ _0\"></span>ese p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>tie<span class=\"_ _0\"></span>s were u<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ted by \u00a34<span class=\"_ _0\"></span>.2 mi<span class=\"_ _0\"></span>llio<span class=\"_ _0\"></span>n in 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2. A<span class=\"_ _0\"></span>n ad<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue ga<span class=\"_ _0\"></span>in of \u00a30<span class=\"_ _0\"></span>.8 mi<span class=\"_ _0\"></span>llio<span class=\"_ _0\"></span>n was al<span class=\"_ _0\"></span>so re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>ree I<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>h inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>tie<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>13. <span class=\"_ _1f2\"> </span>Property<span class=\"_ _2\"></span>, Plant and<span class=\"_ _4\"></span> Equipment, Right-of-Use A<span class=\"_ _2\"></span>sset, Properties Held for Sale <span class=\"ls2 ws0\"> </span>and Inv<span class=\"_ _2\"></span>estment Properties<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>13. (<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>) F<span class=\"_ _2\"></span>air V<span class=\"_ _2\"></span>alue Hierarchy \u2013<span class=\"_ _4\"></span> Properties Held for Sale<span class=\"_ _2\"></span> Carried at F<span class=\"_ _2\"></span>air Value<span class=\"_ _2\"></span> and Inves<span class=\"_ _4\"></span>tment Properties<span class=\"ff85 ls36 wsf\"> continued<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e following t<span class=\"_ _0\"></span>able s<span class=\"_ _0\"></span>hows a rec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ciliati<span class=\"_ _0\"></span>on fro<span class=\"_ _0\"></span>m the o<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>ing bala<span class=\"_ _0\"></span>nce to th<span class=\"_ _0\"></span>e clos<span class=\"_ _0\"></span>ing 20<span class=\"_ _0\"></span>21 balanc<span class=\"_ _0\"></span>e for leve<span class=\"_ _0\"></span>l 3 fair valu<span class=\"_ _0\"></span>es:<span class=\"_ _363\"> </span>Properties held for<span class=\"_ _2\"></span> sale 20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Investment properties 20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Bala<span class=\"_ _0\"></span>nce at b<span class=\"_ _0\"></span>egin<span class=\"_ _0\"></span>ning of year<span class=\"_ _1ae\"> </span><span class=\"lsdd ws3b\">18<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>8<span class=\"_ _126\"> </span><span class=\"ls89 wsd0\">12<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>8<span class=\"_ _363\"> </span></span></span>T<span class=\"_ _2\"></span>ransfer<span class=\"_ _0\"></span>s from p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and equ<span class=\"_ _0\"></span>ipme<span class=\"_ _0\"></span>nt<span class=\"_ _18e\"> </span><span class=\"lsa2 ws97\">324<span class=\"_ _6d\"> </span><span class=\"lsa7 ws9c\">5,9<span class=\"_ _0\"></span>00<span class=\"_ _363\"> </span></span></span>T<span class=\"_ _2\"></span>ransfer<span class=\"_ _0\"></span>s to prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d for sale<span class=\"_ _264\"> </span><span class=\"ls106 wsf9\">546<span class=\"_ _71\"> </span><span class=\"ls12f ws7a\">(5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>6)<span class=\"_ _363\"> </span></span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _1d1\"> </span><span class=\"lsdf wsd6\">(<span class=\"_ _3\"></span>11<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _ce\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span>Fair value g<span class=\"_ _0\"></span>ains and l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s*<span class=\"_ _f2\"> </span><span class=\"ls2\">\u2013<span class=\"_ _a3\"> </span><span class=\"ls144 ws152\">9,7<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span></span>Fore<span class=\"_ _0\"></span>ign exch<span class=\"_ _0\"></span>ange m<span class=\"_ _0\"></span>oveme<span class=\"_ _0\"></span>nt<span class=\"_ _25e\"> </span><span class=\"ls15d ws1a\">(888<span class=\"_ _2\"></span>)<span class=\"_ _60\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _3\"></span>87<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span></span>Bala<span class=\"_ _0\"></span>nce at e<span class=\"_ _0\"></span>nd of year<span class=\"_ _17c\"> </span><span class=\"ls132 ws146\">6<span class=\"_ _3\"></span>,12<span class=\"_ _3\"></span>5<span class=\"_ _126\"> </span></span><span class=\"ws77\">26,52<span class=\"_ _0\"></span>7<span class=\"_ _363\"> </span></span>Rec<span class=\"_ _0\"></span>orde<span class=\"_ _0\"></span>d at fair val<span class=\"_ _0\"></span>ue<span class=\"_ _265\"> </span><span class=\"ls144 ws152\">4<span class=\"_ _0\"></span>,75<span class=\"_ _3\"></span>7<span class=\"_ _5d\"> </span></span><span class=\"ws77\">26,<span class=\"_ _0\"></span>527<span class=\"_ _363\"> </span></span>Rec<span class=\"_ _0\"></span>orde<span class=\"_ _0\"></span>d at co<span class=\"_ _0\"></span>st<span class=\"_ _266\"> </span><span class=\"lsdd ws3b\">1,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>8<span class=\"_ _79\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _363\"> </span></span>To<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _267\"> </span><span class=\"ls132 ws146\">6<span class=\"_ _3\"></span>,12<span class=\"_ _0\"></span>5<span class=\"_ _126\"> </span><span class=\"ls0 ws77\">26<span class=\"_ _0\"></span>,52<span class=\"_ _0\"></span>7<span class=\"_ _363\"> </span></span></span>*  <span class=\"_ _32\"> </span>D<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ing 2<span class=\"_ _0\"></span>021, a fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e gain of \u00a3<span class=\"_ _0\"></span>9.9 m<span class=\"_ _0\"></span>illi<span class=\"_ _0\"></span>on was r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d on f<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s whi<span class=\"_ _0\"></span>ch we<span class=\"_ _0\"></span>re tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>red to i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies d<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>. Fo<span class=\"_ _0\"></span>ur of th<span class=\"_ _0\"></span>ese w<span class=\"_ _0\"></span>ere p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span> whi<span class=\"_ _0\"></span>ch we<span class=\"_ _0\"></span>re ret<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ed by t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p foll<span class=\"_ _0\"></span>owin<span class=\"_ _0\"></span>g the a<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent to d<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>st th<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal m<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g bus<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>ss in G<span class=\"_ _0\"></span>reat B<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se fou<span class=\"_ _0\"></span>r pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es hav<span class=\"_ _0\"></span>e a fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of \u00a31<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>.75 mill<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. A ne<span class=\"_ _0\"></span>t fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e los<span class=\"_ _0\"></span>s of \u00a30.1 millio<span class=\"_ _0\"></span>n was als<span class=\"_ _0\"></span>o re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n tw<span class=\"_ _0\"></span>o Iri<span class=\"_ _0\"></span>sh inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>V<span class=\"_ _2\"></span>alu<span class=\"_ _0\"></span>ation T<span class=\"_ _2\"></span>echniques and<span class=\"_ _4\"></span> Significant Unobserv<span class=\"_ _4\"></span>able Inputs<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e following t<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s show th<span class=\"_ _0\"></span>e valuat<span class=\"_ _0\"></span>ion tec<span class=\"_ _0\"></span>hniq<span class=\"_ _0\"></span>ues us<span class=\"_ _0\"></span>ed in me<span class=\"_ _0\"></span>asuri<span class=\"_ _0\"></span>ng the fa<span class=\"_ _0\"></span>ir value of pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s held fo<span class=\"_ _0\"></span>r sale an<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s and th<span class=\"_ _0\"></span>e signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant un<span class=\"_ _0\"></span>obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>e inpu<span class=\"_ _0\"></span>ts use<span class=\"_ _0\"></span>d. Wh<span class=\"_ _0\"></span>ere ma<span class=\"_ _0\"></span>rket tr<span class=\"_ _0\"></span>ansac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns are pres<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, the c<span class=\"_ _0\"></span>ompa<span class=\"_ _0\"></span>rabl<span class=\"_ _0\"></span>e mar<span class=\"_ _0\"></span>ket trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d is use<span class=\"_ _0\"></span>d for land a<span class=\"_ _0\"></span>nd buildin<span class=\"_ _0\"></span>gs hel<span class=\"_ _0\"></span>d for sale o<span class=\"_ _0\"></span>r cap<span class=\"_ _0\"></span>ital a<span class=\"_ _0\"></span>ppre<span class=\"_ _0\"></span>ciati<span class=\"_ _0\"></span>on.<span class=\"_ _363\"> </span>Properties Held for Sale<span class=\"_ _363\"> </span>Valuation<span class=\"_ _2\"></span> technique<span class=\"_ _268\"> </span><span class=\"lsf6 wsef\">Significant unobservable inputs<span class=\"_ _363\"> </span></span>Inter-relationship<span class=\"_ _2\"></span> between key<span class=\"_ _2\"></span> unobser<span class=\"_ _0\"></span>vable inputs <span class=\"_ _2\"></span><span class=\"ls2 ws0\"> </span>an<span class=\"_ _0\"></span>d fa<span class=\"_ _0\"></span>ir va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _363\"> </span>Comparable mark<span class=\"_ _2\"></span>et transactions <span class=\"_ _2\"></span><span class=\"ls2 ws0\"> </span>\u2013 pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e pe<span class=\"_ _0\"></span>r sq<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>re me<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>e:<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e value is bas<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n com<span class=\"_ _0\"></span>parab<span class=\"_ _0\"></span>le mar<span class=\"_ _0\"></span>ket transa<span class=\"_ _4\"></span>ctions<span class=\"_ _2\"></span> af<span class=\"_ _0\"></span>ter<span class=\"_ _4\"></span> discu<span class=\"_ _2\"></span>ssion with i<span class=\"_ _2\"></span>ndependent age<span class=\"_ _0\"></span>nts and<span class=\"_ _0\"></span>/<span class=\"_ _4\"></span>or wit<span class=\"_ _0\"></span>h referen<span class=\"_ _0\"></span>ce to othe<span class=\"_ _0\"></span>r inf<span class=\"_ _4\"></span>ormation sources.<span class=\"_ _363\"> </span>UK Urban<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>able d<span class=\"_ _0\"></span>evel<span class=\"_ _0\"></span>opm<span class=\"_ _0\"></span>ent lan<span class=\"_ _0\"></span>d pric<span class=\"_ _0\"></span>es of </span>\u00a33.<span class=\"_ _0\"></span>8m p<span class=\"_ _0\"></span>er ac<span class=\"_ _0\"></span>re.<span class=\"_ _363\"> </span>Ire<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nd \u2013 U<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>n (majo<span class=\"_ _0\"></span>r ci<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s)<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"lsf ws0\">Co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>able i<span class=\"_ _0\"></span>ndust<span class=\"_ _0\"></span>rial o<span class=\"_ _0\"></span>r deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span> <span class=\"ls2\"> </span></span>land pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es of \u00a326<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>,00<span class=\"_ _0\"></span>0 pe<span class=\"_ _0\"></span>r acre.<span class=\"_ _363\"> </span>The estimated fair<span class=\"_ _2\"></span> value would increase/<span class=\"_ _363\"> </span>(<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>ecrease) if:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"lsc ws10\">Compar<span class=\"_ _0\"></span>able market prices <span class=\"ls2 ws0\"> </span></span>per sq<span class=\"_ _0\"></span>uare me<span class=\"_ _0\"></span>tre were hi<span class=\"_ _0\"></span>ghe<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>/(l<span class=\"_ _0\"></span>ower).<span class=\"_ _363\"> </span>13. <span class=\"_ _1f2\"> </span>Property<span class=\"_ _2\"></span>, Plant and<span class=\"_ _4\"></span> Equipment, Right-of-Use A<span class=\"_ _2\"></span>sset, Properties Held for Sale <span class=\"ls2 ws0\"> </span>and Inv<span class=\"_ _2\"></span>estment Properties<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>13. (<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>) F<span class=\"_ _2\"></span>air V<span class=\"_ _2\"></span>alue Hierarchy \u2013<span class=\"_ _4\"></span> Properties Held for Sale<span class=\"_ _2\"></span> Carried at F<span class=\"_ _2\"></span>air Value<span class=\"_ _2\"></span> and Inves<span class=\"_ _4\"></span>tment Properties<span class=\"ff85 ls36 wsf\"> continued<span class=\"_ _363\"> </span></span>Inv<span class=\"_ _2\"></span>estment Properties<span class=\"_ _363\"> </span>Valuation<span class=\"_ _2\"></span> technique<span class=\"_ _268\"> </span><span class=\"lsf6 wsef\">Significant unobservable inputs<span class=\"_ _363\"> </span></span>Inter-relationship<span class=\"_ _2\"></span> between key<span class=\"_ _2\"></span> unobser<span class=\"_ _0\"></span>vable inputs <span class=\"_ _2\"></span><span class=\"ls2 ws0\"> </span>an<span class=\"_ _0\"></span>d fa<span class=\"_ _0\"></span>ir va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _363\"> </span>Comparable mark<span class=\"_ _2\"></span>et transactions<span class=\"_ _363\"> </span>\u2013 pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e pe<span class=\"_ _0\"></span>r sq<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>re me<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>e:<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e value is bas<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n com<span class=\"_ _0\"></span>parab<span class=\"_ _0\"></span>le mar<span class=\"_ _0\"></span>ket<span class=\"_ _363\"> </span>transa<span class=\"_ _4\"></span>ctions<span class=\"_ _2\"></span> af<span class=\"_ _0\"></span>ter<span class=\"_ _4\"></span> discu<span class=\"_ _2\"></span>ssion with i<span class=\"_ _2\"></span>ndependent<span class=\"_ _363\"> </span>regis<span class=\"_ _0\"></span>tered pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y appr<span class=\"_ _0\"></span>aiser<span class=\"_ _0\"></span>s and<span class=\"_ _0\"></span>/<span class=\"_ _4\"></span>or wit<span class=\"_ _0\"></span>h<span class=\"_ _363\"> </span>referen<span class=\"_ _0\"></span>ce to othe<span class=\"_ _0\"></span>r inform<span class=\"_ _0\"></span>ation s<span class=\"_ _0\"></span>ourc<span class=\"_ _0\"></span>es.<span class=\"_ _363\"> </span>Ireland<span class=\"_ _2\"></span> \u2013 Urban<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ls2 ws3\"> <span class=\"_ _31\"></span>C<span class=\"_ _0\"></span>omparable o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ice market<span class=\"_ _2\"></span> pr<span class=\"_ _0\"></span>ices <span class=\"ws0\"> </span></span>of \u00a323<span class=\"_ _0\"></span>9 pe<span class=\"_ _0\"></span>r square m<span class=\"_ _0\"></span>etre<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>(2021<span class=\"_ _2\"></span>: \u00a3<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>6 \u2013 \u00a31<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>28<span class=\"_ _0\"></span>3 pe<span class=\"_ _0\"></span>r square m<span class=\"_ _0\"></span>etre).<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>able wa<span class=\"_ _0\"></span>reho<span class=\"_ _0\"></span>use mar<span class=\"_ _0\"></span>ket pr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s of<span class=\"_ _363\"> </span></span>\u00a32<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 \u2013 \u00a31<span class=\"_ _2\"></span>,0<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>8 pe<span class=\"_ _0\"></span>r square m<span class=\"_ _0\"></span>etre (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a3210<span class=\"_ _363\"> </span>\u2013 \u00a38<span class=\"_ _0\"></span>37 pe<span class=\"_ _0\"></span>r square m<span class=\"_ _0\"></span>etre).<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ls2 ws3\">Comparable agricultural<span class=\"_ _4\"></span> land mark<span class=\"_ _2\"></span>et prices <span class=\"ws0\"> </span></span>of \u00a31<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,973 pe<span class=\"_ _0\"></span>r acre (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a31<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>4 per ac<span class=\"_ _0\"></span>re).<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ls47 wsf\">Comparable industrial land price <span class=\"ls2 ws0\"> </span></span>of \u00a38<span class=\"_ _0\"></span>8,6<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>33<span class=\"_ _0\"></span>9,<span class=\"_ _0\"></span>00<span class=\"_ _0\"></span>0 pe<span class=\"_ _0\"></span>r acre (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a38<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>80<span class=\"_ _363\"> </span>per a<span class=\"_ _0\"></span>cre).<span class=\"_ _363\"> </span>Ireland \u2013 Regional<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"lsc ws10\">Compar<span class=\"_ _0\"></span>able warehouse market prices <span class=\"ls2 ws0\"> </span></span>of \u00a332<span class=\"_ _0\"></span>3 \u2013 \u00a3529 pe<span class=\"_ _0\"></span>r squa<span class=\"_ _0\"></span>re met<span class=\"_ _0\"></span>re <span class=\"ls2\"> </span>(2021<span class=\"_ _2\"></span>: \u00a31<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>0\u2013 \u00a331<span class=\"_ _2\"></span>5 p<span class=\"_ _0\"></span>er squ<span class=\"_ _0\"></span>are met<span class=\"_ _0\"></span>re).<span class=\"_ _363\"> </span>UK \u2013 Re<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al (excl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g ma<span class=\"_ _0\"></span>jo<span class=\"_ _0\"></span>r ci<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s)<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"lsc ws10\">Compar<span class=\"_ _0\"></span>able warehouse market price <span class=\"ls2 ws0\"> </span></span>of \u00a335<span class=\"_ _0\"></span>0 per s<span class=\"_ _0\"></span>quare m<span class=\"_ _0\"></span>etre <span class=\"ls2\"> </span>(2021<span class=\"_ _2\"></span>: \u00a3<span class=\"_ _0\"></span>350 p<span class=\"_ _0\"></span>er squ<span class=\"_ _0\"></span>are met<span class=\"_ _0\"></span>re).<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>able re<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>ntial ma<span class=\"_ _0\"></span>rket pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es<span class=\"_ _363\"> </span></span>of dilapid<span class=\"_ _0\"></span>ated resid<span class=\"_ _0\"></span>entia<span class=\"_ _0\"></span>l in the re<span class=\"_ _0\"></span>gio<span class=\"_ _0\"></span>n of<span class=\"_ _363\"> </span>\u00a350<span class=\"_ _2\"></span>,000 (<span class=\"_ _2\"></span>2021<span class=\"_ _5\"></span>: \u00a350<span class=\"_ _2\"></span>,000)<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>able i<span class=\"_ _0\"></span>ndust<span class=\"_ _0\"></span>rial o<span class=\"_ _0\"></span>r deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>ment la<span class=\"_ _0\"></span>nd<span class=\"_ _363\"> </span></span>bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n \u00a31<span class=\"_ _2\"></span>50<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>00 \u2013 \u00a35<span class=\"_ _0\"></span>87<span class=\"_ _2\"></span>,0<span class=\"_ _0\"></span>00 p<span class=\"_ _0\"></span>er ac<span class=\"_ _0\"></span>re.<span class=\"_ _363\"> </span>UK \u2013<span class=\"_ _2\"></span> Urban<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>able m<span class=\"_ _0\"></span>arket p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>es for d<span class=\"_ _0\"></span>evelo<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt<span class=\"_ _363\"> </span></span>sites of \u00a31<span class=\"_ _2\"></span>.5 milli<span class=\"_ _0\"></span>on \u2013 \u00a37<span class=\"_ _2\"></span>.4 milli<span class=\"_ _0\"></span>on pe<span class=\"_ _0\"></span>r acre<span class=\"_ _0\"></span> (2021<span class=\"_ _2\"></span>: \u00a30.6 mil<span class=\"_ _0\"></span>lion \u2013 4<span class=\"_ _0\"></span>.5 millio<span class=\"_ _0\"></span>n)<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> The estimated fair<span class=\"_ _2\"></span> value would increase/<span class=\"_ _363\"> </span>(<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>ecrease) if:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>able m<span class=\"_ _0\"></span>arket p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>es pe<span class=\"_ _0\"></span>r square m<span class=\"_ _0\"></span>etre<span class=\"_ _0\"></span> </span>were<span class=\"_ _2\"></span> higher<span class=\"_ _2\"></span>/(low<span class=\"_ _2\"></span>er).<span class=\"ff83 ls2 ws0\"> </span>Independe<span class=\"_ _0\"></span>nt valuations<span class=\"_ _2\"></span>:<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e value is bas<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n the op<span class=\"_ _0\"></span>inio<span class=\"_ _0\"></span>n of <span class=\"ls2\"> </span>independen<span class=\"_ _4\"></span>t regi<span class=\"_ _2\"></span>stered pr<span class=\"_ _2\"></span>oper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y appra<span class=\"_ _2\"></span>isers<span class=\"_ _363\"> </span>UK<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>ree (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: four) pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties we<span class=\"_ _0\"></span>re value<span class=\"_ _0\"></span>d by<span class=\"_ _363\"> </span></span>independen<span class=\"_ _4\"></span>t property apprais<span class=\"_ _4\"></span>ers in<span class=\"_ _2\"></span> D<span class=\"_ _0\"></span>ecember<span class=\"_ _363\"> </span>202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>. The tota<span class=\"_ _0\"></span>l value was \u00a314.9 million (2021<span class=\"_ _2\"></span>:<span class=\"_ _0\"></span> \u00a31<span class=\"_ _2\"></span>5.8 m<span class=\"_ _0\"></span>illion).<span class=\"_ _363\"> </span>14. <span class=\"_ _1f2\"> </span>Other Financial Ass<span class=\"_ _2\"></span>ets<span class=\"_ _363\"> </span>Other<span class=\"_ _363\"> </span>Investments<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>At 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>021<span class=\"_ _269\"> </span><span class=\"ff84 ls89 wsd0\">12<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _26a\"> </span><span class=\"lsf ws9b\">(2)<span class=\"_ _363\"> </span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _26b\"> </span><span class=\"ls89 wsd0\">12<span class=\"_ _0\"></span>6<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ranslation adjustment<span class=\"_ _26c\"> </span><span class=\"ls2 ws0\">3<span class=\"_ _363\"> </span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _26b\"> </span><span class=\"ls89 wsd0\">12<span class=\"_ _0\"></span>9<span class=\"_ _363\"> </span></span>Ot<span class=\"_ _0\"></span>her i<span class=\"_ _0\"></span>nvestm<span class=\"_ _0\"></span>ents rep<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nt sundr<span class=\"_ _3\"></span>y equi<span class=\"_ _0\"></span>ty i<span class=\"_ _0\"></span>nvestm<span class=\"_ _0\"></span>ents at co<span class=\"_ _0\"></span>st les<span class=\"_ _0\"></span>s provisi<span class=\"_ _0\"></span>on for im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>15. <span class=\"_ _1f2\"> </span>Intangible Ass<span class=\"_ _2\"></span>ets<span class=\"_ _363\"> </span>Comput<span class=\"_ _4\"></span>er<span class=\"_ _363\"> </span>Sof<span class=\"_ _0\"></span>twa<span class=\"_ _0\"></span>re<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>rade<span class=\"_ _363\"> </span>Names<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Cus<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er Relationships &amp;<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>echnolo<span class=\"_ _0\"></span>gy<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Cost<span class=\"_ _363\"> </span>At 1 Januar<span class=\"_ _3\"></span>y 2021<span class=\"_ _26d\"> </span><span class=\"ls16 ws10c\">4<span class=\"_ _0\"></span>5,<span class=\"_ _0\"></span>621<span class=\"_ _5d\"> </span><span class=\"lse0 wsd7\">13<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>4<span class=\"_ _5d\"> </span><span class=\"lsa7 ws9c\">95<span class=\"_ _0\"></span>,93<span class=\"_ _0\"></span>4<span class=\"_ _db\"> </span><span class=\"ls19 ws13\">15<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _34\"></span>8<span class=\"_ _3\"></span>9<span class=\"_ _363\"> </span></span></span></span></span>Additions<span class=\"_ _1b1\"> </span><span class=\"ls13 ws22\">827<span class=\"_ _e7\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _fa\"> </span></span>827<span class=\"_ _363\"> </span></span>Acqui<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>ns (Note 27<span class=\"_ _0\"></span>)<span class=\"_ _26e\"> </span><span class=\"ls2c ws14\">388<span class=\"_ _126\"> </span><span class=\"ls132 ws146\">2<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,1<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>2<span class=\"_ _5d\"> </span><span class=\"ls78 ws6b\">55,5<span class=\"_ _0\"></span>34<span class=\"_ _c4\"> </span><span class=\"ls13 ws22\">79,09<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span></span></span></span>Disposal of Gr<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>up businesses (No<span class=\"_ _4\"></span>te 27)<span class=\"_ _26f\"> </span><span class=\"ls3f ws36\">(<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>019<span class=\"_ _0\"></span>)<span class=\"_ _82\"> </span><span class=\"lse0 wsd7\">(5<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>1)<span class=\"_ _126\"> </span>(4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>1)<span class=\"_ _db\"> </span>(<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>1)<span class=\"_ _363\"> </span></span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _17a\"> </span><span class=\"ls35 ws2b\">(2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>0)<span class=\"_ _112\"> </span><span class=\"ls105 ws162\">(8<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>9)<span class=\"_ _c4\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>78)<span class=\"_ _76\"> </span><span class=\"ls144 ws152\">(<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>27<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span></span></span></span>At 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2<span class=\"_ _270\"> </span><span class=\"ls146 ws155\">7,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>7<span class=\"_ _5b\"> </span><span class=\"ls13 ws22\">35,6<span class=\"_ _0\"></span>06<span class=\"_ _a1\"> </span><span class=\"ls3f ws36\">14<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>9<span class=\"_ _b4\"> </span><span class=\"lse7 wsb8\">18<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>2<span class=\"_ _363\"> </span></span></span></span></span>Additions<span class=\"_ _143\"> </span><span class=\"ff83 ls18 ws12\">2,522<span class=\"_ _e7\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _181\"> </span></span>2<span class=\"_ _0\"></span>,522<span class=\"_ _363\"> </span></span>Acqui<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>ns (Note 27<span class=\"_ _0\"></span>)<span class=\"_ _271\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _66\"> </span><span class=\"ls20 ws19\">2,<span class=\"_ _0\"></span>889<span class=\"_ _76\"> </span><span class=\"ls146 ws155\">1<span class=\"_ _0\"></span>7,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _11a\"> </span><span class=\"lsa7 ws9c\">20,59<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span></span></span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _272\"> </span><span class=\"ff83 ls97 ws88\">258<span class=\"_ _6e\"> </span><span class=\"ls22 ws66\">1,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>0<span class=\"_ _6e\"> </span><span class=\"ls14 wsb9\">6<span class=\"_ _0\"></span>,676<span class=\"_ _181\"> </span><span class=\"ls68 ws5d\">8,504<span class=\"_ _363\"> </span></span></span></span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _1be\"> </span><span class=\"lsc0 ws9a\">1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,347<span class=\"_ _e9\"> </span><span class=\"ls13 ws22\">4<span class=\"_ _0\"></span>0,06<span class=\"_ _0\"></span>5<span class=\"_ _c2\"> </span><span class=\"lsdd ws3b\">16<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _db\"> </span><span class=\"ls146 ws155\">2<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>7,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _363\"> </span></span></span></span></span>Amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tisatio<span class=\"_ _0\"></span>n<span class=\"_ _363\"> </span>At 1 Januar<span class=\"_ _3\"></span>y 2021<span class=\"_ _273\"> </span><span class=\"ls89 wsd0\">12<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>5<span class=\"_ _60\"> </span><span class=\"ls8b ws7c\">2,677<span class=\"_ _6c\"> </span><span class=\"ls132 ws146\">2<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>,13<span class=\"_ _3\"></span>2<span class=\"_ _76\"> </span><span class=\"ls13 ws22\">3<span class=\"_ _0\"></span>9,4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span></span></span></span>Charg<span class=\"_ _0\"></span>e for the y<span class=\"_ _0\"></span>ear<span class=\"_ _270\"> </span><span class=\"ls14 wsb9\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>496<span class=\"_ _a3\"> </span><span class=\"lsa7 ws9c\">2,9<span class=\"_ _0\"></span>28<span class=\"_ _6c\"> </span><span class=\"lsdf wsd6\">11,<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>6<span class=\"_ _34\"></span>0<span class=\"_ _1b\"> </span><span class=\"lsdd ws3b\">17,18<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span></span></span></span></span>Disposal of Gr<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>up businesses (No<span class=\"_ _4\"></span>te 27)<span class=\"_ _247\"> </span><span class=\"ls14 wsb9\">(1<span class=\"_ _5\"></span>1,497<span class=\"_ _0\"></span>)<span class=\"_ _112\"> </span><span class=\"ls105 ws162\">(2<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>9)<span class=\"_ _c4\"> </span><span class=\"ls34 ws2a\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>59<span class=\"_ _0\"></span>8)<span class=\"_ _21\"> </span><span class=\"ls14e ws15e\">(<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _34\"></span>3<span class=\"_ _3\"></span>74<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span></span></span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _1c3\"> </span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>10<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _ce\"> </span><span class=\"lse0 wsd7\">(<span class=\"_ _3\"></span>13<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _112\"> </span><span class=\"lsa2 ws97\">(9<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _76\"> </span></span></span>(<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>At 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2<span class=\"_ _274\"> </span><span class=\"ls47 ws3d\">3,566<span class=\"_ _a3\"> </span><span class=\"ls134 ws145\">5<span class=\"_ _3\"></span>,19<span class=\"_ _0\"></span>1<span class=\"_ _5b\"> </span><span class=\"ls68 ws5d\">32,298<span class=\"_ _11a\"> </span><span class=\"ls22 ws66\">41,<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _363\"> </span></span></span></span></span>Charg<span class=\"_ _0\"></span>e for the y<span class=\"_ _0\"></span>ear<span class=\"_ _19e\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>9<span class=\"_ _6e\"> </span><span class=\"ls8b ws7c\">3,562<span class=\"_ _c4\"> </span>1<span class=\"_ _2\"></span>5,<span class=\"_ _4\"></span>724<span class=\"_ _20\"> </span><span class=\"ls13 ws22\">20,<span class=\"_ _0\"></span>295<span class=\"_ _363\"> </span></span></span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _18a\"> </span><span class=\"ff83 ls31 ws27\">10<span class=\"_ _3\"></span>7<span class=\"_ _12f\"> </span><span class=\"ls68 ws5d\">284<span class=\"_ _6e\"> </span><span class=\"ls22 ws66\">1,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>9<span class=\"_ _6d\"> </span>1,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>0<span class=\"_ _363\"> </span></span></span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _25d\"> </span><span class=\"ls13 ws22\">4<span class=\"_ _0\"></span>,682<span class=\"_ _46\"> </span><span class=\"ls15 ws32\">9,0<span class=\"_ _0\"></span>37<span class=\"_ _5b\"> </span>49,<span class=\"_ _0\"></span>571<span class=\"_ _20\"> </span><span class=\"ls4e ws45\">63,2<span class=\"_ _2\"></span>90<span class=\"_ _363\"> </span></span></span></span>Net book amount<span class=\"_ _363\"> </span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _25d\"> </span><span class=\"ls13 ws22\">5,6<span class=\"_ _0\"></span>65<span class=\"_ _11a\"> </span><span class=\"ls22 ws66\">3<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>8<span class=\"_ _11f\"> </span><span class=\"ls33 ws29\">11<span class=\"_ _0\"></span>7,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>19<span class=\"_ _2c\"> </span><span class=\"ls89 wsd0\">15<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>12<span class=\"_ _363\"> </span></span></span></span></span>At 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>021<span class=\"_ _275\"> </span><span class=\"ls5f ws5b\">4<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>01<span class=\"_ _63\"> </span><span class=\"ls19 ws13\">3<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>15<span class=\"_ _8c\"> </span><span class=\"lsdf wsd6\">1<span class=\"_ _0\"></span>0<span class=\"_ _34\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>11<span class=\"_ _2c\"> </span><span class=\"lse8 wsde\">14<span class=\"_ _34\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>7<span class=\"_ _363\"> </span></span></span></span></span>Custom<span class=\"_ _0\"></span>er rel<span class=\"_ _0\"></span>ations<span class=\"_ _0\"></span>hips<span class=\"_ _0\"></span>, techn<span class=\"_ _0\"></span>olo<span class=\"_ _0\"></span>gy an<span class=\"_ _0\"></span>d trad<span class=\"_ _0\"></span>e name<span class=\"_ _0\"></span>s arise f<span class=\"_ _0\"></span>rom bu<span class=\"_ _0\"></span>sines<span class=\"_ _0\"></span>s com<span class=\"_ _0\"></span>binati<span class=\"_ _0\"></span>ons (N<span class=\"_ _0\"></span>ote 27) an<span class=\"_ _0\"></span>d are am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed over t<span class=\"_ _0\"></span>heir e<span class=\"_ _0\"></span>stim<span class=\"_ _0\"></span>ated usef<span class=\"_ _0\"></span>ul lives<span class=\"_ _0\"></span>. The ave<span class=\"_ _0\"></span>rage re<span class=\"_ _0\"></span>maini<span class=\"_ _0\"></span>ng amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ation p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod is 8<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>1 years (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: 6.9 year<span class=\"_ _0\"></span>s).<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e amor<span class=\"_ _3\"></span>tisati<span class=\"_ _0\"></span>on ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>e of \u00a320.<span class=\"_ _0\"></span>3 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a317<span class=\"_ _5\"></span>.2 milli<span class=\"_ _0\"></span>on) has bee<span class=\"_ _0\"></span>n charg<span class=\"_ _0\"></span>ed in o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ating c<span class=\"_ _0\"></span>osts i<span class=\"_ _0\"></span>n the in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. Am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isatio<span class=\"_ _0\"></span>n on acqui<span class=\"_ _0\"></span>red inta<span class=\"_ _0\"></span>ngibl<span class=\"_ _0\"></span>es amo<span class=\"_ _0\"></span>unted to \u00a31<span class=\"_ _2\"></span>9.<span class=\"_ _0\"></span>3 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a314.<span class=\"_ _2\"></span>7 milli<span class=\"_ _0\"></span>on).<span class=\"_ _363\"> </span>16. Inv<span class=\"_ _2\"></span>entories<span class=\"_ _363\"> </span>2022 \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Raw materia<span class=\"_ _0\"></span>ls<span class=\"_ _1a5\"> </span><span class=\"ff83 ls97 ws88\">6,805<span class=\"_ _60\"> </span></span><span class=\"ls37 ws2d\">4<span class=\"_ _3\"></span>,7<span class=\"_ _3\"></span>16<span class=\"_ _363\"> </span></span>Finished go<span class=\"_ _0\"></span>ods<span class=\"_ _276\"> </span><span class=\"ff83 ls8b ws7c\">2,862<span class=\"_ _a4\"> </span></span><span class=\"lsdd ws3b\">1,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>24<span class=\"_ _363\"> </span></span>Goo<span class=\"_ _0\"></span>ds purc<span class=\"_ _0\"></span>hase<span class=\"_ _0\"></span>d for resal<span class=\"_ _0\"></span>e<span class=\"_ _1a1\"> </span><span class=\"ff83 ls20 ws19\">389,898<span class=\"_ _db\"> </span></span><span class=\"ls143 ws151\">3<span class=\"_ _34\"> </span>3<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>9<span class=\"_ _34\"> </span>3<span class=\"_ _34\"></span>2<span class=\"_ _363\"> </span></span>39<span class=\"_ _0\"></span>9,5<span class=\"_ _0\"></span>65<span class=\"_ _2c\"> </span><span class=\"ff84 ls132 ws146\">3<span class=\"_ _34\"></span>4<span class=\"_ _34\"></span>4<span class=\"_ _3\"></span>,17<span class=\"_ _3\"></span>2<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e inventor<span class=\"_ _0\"></span>y pr<span class=\"_ _0\"></span>ovisio<span class=\"_ _0\"></span>n at 31 De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 was \u00a347<span class=\"_ _2\"></span>.2 million (2021<span class=\"_ _2\"></span>: \u00a341<span class=\"_ _2\"></span>.9 million).<span class=\"_ _363\"> </span>Mov<span class=\"_ _4\"></span>ement in<span class=\"_ _4\"></span> Impairment Pro<span class=\"_ _2\"></span>vision<span class=\"_ _363\"> </span>2022  \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>At 1 Januar<span class=\"_ _3\"></span>y<span class=\"_ _277\"> </span><span class=\"ff83 ls22 ws66\">41,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>3<span class=\"_ _63\"> </span></span><span class=\"ls143 ws151\">4<span class=\"_ _3\"></span>7,<span class=\"_ _34\"></span>8<span class=\"_ _3\"></span>5<span class=\"_ _34\"></span>6<span class=\"_ _363\"> </span></span>Utilised/released during year<span class=\"_ _202\"> </span><span class=\"ff83 lsc0 ws9a\">(<span class=\"_ _2\"></span>2,349<span class=\"_ _2\"></span>)<span class=\"_ _5b\"> </span><span class=\"ff84\">(2,<span class=\"_ _2\"></span>922)<span class=\"_ _363\"> </span></span></span>Acqui<span class=\"_ _0\"></span>red du<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he year<span class=\"_ _22b\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _77\"> </span></span><span class=\"ls8b ws7c\">3,<span class=\"_ _0\"></span>820<span class=\"_ _363\"> </span></span>Disposed during the year<span class=\"_ _1dd\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _64\"> </span></span><span class=\"ls89 wsd0\">(<span class=\"_ _3\"></span>12<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span>Addit<span class=\"_ _0\"></span>ional p<span class=\"_ _0\"></span>rovision<span class=\"_ _1e6\"> </span><span class=\"ff83 ls78 ws6b\">4,392<span class=\"_ _60\"> </span></span><span class=\"ls143 ws151\">7,<span class=\"_ _3\"></span>4<span class=\"_ _34\"> </span>3<span class=\"_ _3\"></span>1<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _278\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _181\"> </span></span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span>At 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber<span class=\"_ _118\"> </span><span class=\"ff83 ls146 ws155\">4<span class=\"_ _0\"></span>7,15<span class=\"_ _3\"></span>7<span class=\"_ _63\"> </span></span><span class=\"lsdd ws3b\">4<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _34\"></span>3<span class=\"_ _363\"> </span></span>17<span class=\"_ _5\"></span>. <span class=\"_ _1f2\"> </span>Trade and Other Receivables and F<span class=\"_ _2\"></span>in<span class=\"_ _0\"></span>ance Lease R<span class=\"_ _4\"></span>eceivables<span class=\"_ _363\"> </span>17<span class=\"_ _2\"></span>. (a<span class=\"_ _2\"></span>) Trad<span class=\"_ _0\"></span>e an<span class=\"_ _0\"></span>d Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r Rec<span class=\"_ _0\"></span>eivab<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>2022 \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Am<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s fal<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>ng d<span class=\"_ _0\"></span>ue wi<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>in o<span class=\"_ _0\"></span>ne yea<span class=\"_ _0\"></span>r:<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>rade re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivabl<span class=\"_ _0\"></span>es<span class=\"_ _279\"> </span><span class=\"ff83 lse7 wsb8\">17<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>1<span class=\"_ _64\"> </span></span><span class=\"ls19 ws13\">15<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,15<span class=\"_ _3\"></span>5<span class=\"_ _363\"> </span></span>Other receivables<span class=\"_ _11c\"> </span><span class=\"ff83 lse0 wsd7\">8<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>13<span class=\"_ _76\"> </span></span><span class=\"ls12f ws7a\">8<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>31<span class=\"_ _363\"> </span></span>2<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>7,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _db\"> </span><span class=\"ff84 ls20 ws19\">233,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>86<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g amo<span class=\"_ _0\"></span>unt of trad<span class=\"_ _0\"></span>e and oth<span class=\"_ _0\"></span>er re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>vable<span class=\"_ _0\"></span>s repres<span class=\"_ _0\"></span>ents t<span class=\"_ _0\"></span>he ma<span class=\"_ _0\"></span>ximum c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t exp<span class=\"_ _0\"></span>osure. O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>vable<span class=\"_ _0\"></span>s pri<span class=\"_ _0\"></span>maril<span class=\"_ _0\"></span>y incl<span class=\"_ _0\"></span>udes p<span class=\"_ _0\"></span>repay<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s and reb<span class=\"_ _0\"></span>ates rec<span class=\"_ _0\"></span>eiva<span class=\"_ _0\"></span>ble. Re<span class=\"_ _0\"></span>bates rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able am<span class=\"_ _0\"></span>ounted to \u00a36<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>1 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a36<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.8 m<span class=\"_ _0\"></span>illion).<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e maxi<span class=\"_ _0\"></span>mum ex<span class=\"_ _0\"></span>posu<span class=\"_ _0\"></span>re to credi<span class=\"_ _0\"></span>t risk for t<span class=\"_ _0\"></span>rad<span class=\"_ _0\"></span>e debtor<span class=\"_ _0\"></span>s and oth<span class=\"_ _0\"></span>er rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s at the re<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>ting date by ge<span class=\"_ _0\"></span>ogr<span class=\"_ _0\"></span>aphi<span class=\"_ _0\"></span>c regio<span class=\"_ _0\"></span>n was as follows:<span class=\"_ _363\"> </span>Carr<span class=\"_ _0\"></span>ying Amount<span class=\"_ _363\"> </span>2022 \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>United Kingd<span class=\"_ _0\"></span>om<span class=\"_ _11b\"> </span><span class=\"ff83 ls89 wsd0\">91,12<span class=\"_ _3\"></span>8<span class=\"_ _6c\"> </span></span><span class=\"ls143 ws151\">8<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>9<span class=\"_ _34\"></span>7<span class=\"_ _3\"></span>0<span class=\"_ _363\"> </span></span>Irelan<span class=\"_ _0\"></span>d<span class=\"_ _27a\"> </span><span class=\"ff83 ls31 ws27\">10<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>2<span class=\"_ _76\"> </span></span><span class=\"ls14 wsb9\">8<span class=\"_ _0\"></span>8,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>49<span class=\"_ _363\"> </span></span>Netherlands<span class=\"_ _27b\"> </span><span class=\"ff83 ls22 ws66\">5<span class=\"_ _0\"></span>1,7<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>9<span class=\"_ _76\"> </span></span><span class=\"ls10 ws5e\">4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>,051<span class=\"_ _363\"> </span></span>Finland<span class=\"_ _27c\"> </span><span class=\"ff83 ls22 ws66\">2<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _1b\"> </span></span><span class=\"ls143 ws151\">1<span class=\"_ _0\"></span>7,<span class=\"_ _34\"></span>4<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>6<span class=\"_ _363\"> </span></span>2<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>7,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _db\"> </span><span class=\"ff84 ls20 ws19\">233,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>86<span class=\"_ _363\"> </span></span>Credi<span class=\"_ _0\"></span>t risk i<span class=\"_ _0\"></span>s well dive<span class=\"_ _0\"></span>rsif<span class=\"_ _0\"></span>ied ove<span class=\"_ _0\"></span>r a broa<span class=\"_ _0\"></span>d custom<span class=\"_ _0\"></span>er bas<span class=\"_ _0\"></span>e with o<span class=\"_ _0\"></span>nly a sm<span class=\"_ _0\"></span>all numb<span class=\"_ _0\"></span>er of acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>s with b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>es in exc<span class=\"_ _0\"></span>ess of \u00a31<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>0,0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 that coll<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tivel<span class=\"_ _0\"></span>y acc<span class=\"_ _0\"></span>ount for a s<span class=\"_ _0\"></span>mall pro<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>tion of total t<span class=\"_ _0\"></span>rade re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivabl<span class=\"_ _0\"></span>es. A nu<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r of busine<span class=\"_ _0\"></span>sses als<span class=\"_ _0\"></span>o have cre<span class=\"_ _0\"></span>dit insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e poli<span class=\"_ _0\"></span>cies i<span class=\"_ _0\"></span>n plac<span class=\"_ _0\"></span>e whic<span class=\"_ _0\"></span>h provid<span class=\"_ _0\"></span>e cove<span class=\"_ _0\"></span>r for the m<span class=\"_ _0\"></span>ost sig<span class=\"_ _0\"></span>nif<span class=\"_ _0\"></span>icant a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nts rec<span class=\"_ _0\"></span>eiva<span class=\"_ _0\"></span>ble fro<span class=\"_ _0\"></span>m cus<span class=\"_ _0\"></span>tomer<span class=\"_ _0\"></span>s in the U<span class=\"_ _0\"></span>K and Ire<span class=\"_ _0\"></span>land<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e agein<span class=\"_ _0\"></span>g of trad<span class=\"_ _0\"></span>e and oth<span class=\"_ _0\"></span>er rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s, und<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted cre<span class=\"_ _0\"></span>dit lo<span class=\"_ _0\"></span>ss mo<span class=\"_ _0\"></span>del<span class=\"_ _0\"></span>, at 31 De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 was:<span class=\"_ _363\"> </span>Gross V<span class=\"_ _2\"></span>alue \u00a3\u2019000<span class=\"_ _363\"> </span>Impairment \u00a3\u2019000<span class=\"_ _363\"> </span>Carrying <span class=\"ls2 ws0\"> </span>Amount <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Weight<span class=\"_ _2\"></span>ed Av<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>rage Loss Ra<span class=\"_ _0\"></span>te %<span class=\"_ _363\"> </span>No<span class=\"_ _0\"></span>t Pas<span class=\"_ _0\"></span>t Du<span class=\"_ _0\"></span>e<span class=\"_ _27d\"> </span><span class=\"ls15 ws32\">22<span class=\"_ _0\"></span>9,07<span class=\"_ _0\"></span>7<span class=\"_ _5f\"> </span><span class=\"ls134 ws145\">(<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>3)<span class=\"_ _44\"> </span><span class=\"ls1a ws7d\">226,89<span class=\"_ _0\"></span>4<span class=\"_ _82\"> </span><span class=\"ls3f ws36\">1.<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>%<span class=\"_ _363\"> </span></span></span></span></span>Pas<span class=\"_ _0\"></span>t Du<span class=\"_ _0\"></span>e<span class=\"_ _363\"> </span>0<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>30 d<span class=\"_ _0\"></span>ays<span class=\"_ _27e\"> </span><span class=\"ff83 lsdd ws3b\">3<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>,7<span class=\"_ _0\"></span>16<span class=\"_ _141\"> </span><span class=\"ls134 ws145\">(<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>,13<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>)<span class=\"_ _21\"> </span><span class=\"ls97 ws88\">32,579<span class=\"_ _66\"> </span><span class=\"ls33 ws29\">11<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>%<span class=\"_ _363\"> </span></span></span></span></span>30<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>0 days<span class=\"_ _1b4\"> </span><span class=\"ff83 ls8b ws7c\">8,024<span class=\"_ _63\"> </span><span class=\"ls35 ws2b\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>59)<span class=\"_ _126\"> </span><span class=\"ls36 wsf\">5,965<span class=\"_ _141\"> </span><span class=\"lseb wse2\">25<span class=\"_ _3\"></span>.7<span class=\"_ _0\"></span>%<span class=\"_ _363\"> </span></span></span></span></span>+6<span class=\"_ _0\"></span>0 d<span class=\"_ _0\"></span>ays<span class=\"_ _1b5\"> </span><span class=\"ff83 ls8b ws7c\">5,<span class=\"_ _0\"></span>295<span class=\"_ _126\"> </span><span class=\"ls35 ws2b\">(<span class=\"_ _0\"></span>3,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>9)<span class=\"_ _126\"> </span><span class=\"ls97 ws88\">2,256<span class=\"_ _131\"> </span><span class=\"lsec wse3\">5<span class=\"_ _3\"></span>7.<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>%<span class=\"_ _363\"> </span></span></span></span></span>50,03<span class=\"_ _0\"></span>5<span class=\"_ _126\"> </span><span class=\"ls35 ws2b\">(9,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _db\"> </span><span class=\"ls72 wse\">40,800<span class=\"_ _141\"> </span><span class=\"lse7 wsb8\">18<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>%<span class=\"_ _363\"> </span></span></span></span>279,<span class=\"_ _2\"></span>1<span class=\"_ _5\"></span>1<span class=\"_ _2\"></span>2<span class=\"_ _e9\"> </span><span class=\"ls33 ws29\">(<span class=\"_ _3\"></span>11<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>)<span class=\"_ _92\"> </span><span class=\"ls146 ws155\">2<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>7,<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _34\"></span>4<span class=\"_ _d0\"> </span><span class=\"ls13b ws148\">4<span class=\"_ _3\"></span>.1%<span class=\"_ _363\"> </span></span></span></span>Th<span class=\"_ _0\"></span>e agein<span class=\"_ _0\"></span>g of trad<span class=\"_ _0\"></span>e and oth<span class=\"_ _0\"></span>er rec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber 20<span class=\"_ _0\"></span>21 was:<span class=\"_ _363\"> </span>Gross V<span class=\"_ _2\"></span>alue \u00a3\u2019000<span class=\"_ _363\"> </span>Impairment \u00a3\u2019000<span class=\"_ _363\"> </span>Carrying Amount \u00a3\u2019000<span class=\"_ _363\"> </span>Weight<span class=\"_ _2\"></span>ed Av<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>rage Loss Rate %<span class=\"_ _363\"> </span>No<span class=\"_ _0\"></span>t Pas<span class=\"_ _0\"></span>t Du<span class=\"_ _0\"></span>e<span class=\"_ _179\"> </span><span class=\"ff84 ls3f ws36\">19<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>3<span class=\"_ _6e\"> </span><span class=\"ls19 ws13\">(<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>15<span class=\"_ _3\"></span>)<span class=\"_ _69\"> </span></span>19<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>8<span class=\"_ _71\"> </span><span class=\"lse9 wsdf\">0<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>%<span class=\"_ _363\"> </span></span></span>Pas<span class=\"_ _0\"></span>t Du<span class=\"_ _0\"></span>e<span class=\"_ _363\"> </span>0<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>30 d<span class=\"_ _0\"></span>ays<span class=\"_ _1b6\"> </span><span class=\"ls144 ws152\">3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>31<span class=\"_ _141\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _8c\"> </span><span class=\"ls12a wsab\">28,296<span class=\"_ _181\"> </span><span class=\"lse0 wsd7\">13<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>%<span class=\"_ _363\"> </span></span></span></span></span>30<span class=\"_ _3\"></span>-<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>0 days<span class=\"_ _27f\"> </span><span class=\"ls144 ws152\">8<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>8<span class=\"_ _1b\"> </span><span class=\"lsc0 ws9a\">(2,4<span class=\"_ _2\"></span>22)<span class=\"_ _141\"> </span><span class=\"ls37 ws2d\">6<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>16<span class=\"_ _77\"> </span><span class=\"lsa6 wsce\">2<span class=\"_ _3\"></span>7.<span class=\"_ _0\"></span>7<span class=\"_ _34\"> </span>%<span class=\"_ _363\"> </span></span></span></span></span>+6<span class=\"_ _0\"></span>0 d<span class=\"_ _0\"></span>ays<span class=\"_ _280\"> </span><span class=\"ls144 ws152\">6<span class=\"_ _0\"></span>,75<span class=\"_ _3\"></span>4<span class=\"_ _46\"> </span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>18)<span class=\"_ _141\"> </span><span class=\"ls20 ws19\">5,036<span class=\"_ _66\"> </span><span class=\"ls16 ws10c\">25<span class=\"_ _0\"></span>.4%<span class=\"_ _363\"> </span></span></span></span></span>48,223<span class=\"_ _141\"> </span><span class=\"lse4 wsdc\">(8,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>75<span class=\"_ _0\"></span>)<span class=\"_ _8c\"> </span><span class=\"ls13 ws22\">39,6<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _46\"> </span><span class=\"lsa6 wsce\">1<span class=\"_ _0\"></span>7.<span class=\"_ _34\"> </span>8<span class=\"_ _34\"></span>%<span class=\"_ _363\"> </span></span></span></span>24<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>476<span class=\"_ _1b\"> </span><span class=\"ls35 ws2b\">(9<span class=\"_ _0\"></span>,9<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>0)<span class=\"_ _92\"> </span><span class=\"ls20 ws19\">233,<span class=\"_ _0\"></span>48<span class=\"_ _0\"></span>6<span class=\"_ _d0\"> </span><span class=\"lsd6 wscf\">4<span class=\"_ _34\"></span>.1%<span class=\"_ _363\"> </span></span></span></span>Mov<span class=\"_ _4\"></span>ement in<span class=\"_ _4\"></span> Impairment Pro<span class=\"_ _2\"></span>vision<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>At 1 Januar<span class=\"_ _3\"></span>y<span class=\"_ _363\"> </span>9,99<span class=\"_ _0\"></span>0<span class=\"_ _6c\"> </span><span class=\"ff84 lsdf wsd6\">12<span class=\"_ _34\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>11<span class=\"_ _363\"> </span></span>Writ<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>f du<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he year<span class=\"_ _363\"> </span>(9<span class=\"_ _0\"></span>10<span class=\"_ _0\"></span>)<span class=\"_ _126\"> </span><span class=\"ff84 ls132 ws146\">(<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,17<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>Addit<span class=\"_ _0\"></span>ional p<span class=\"_ _0\"></span>rovision<span class=\"_ _195\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>5<span class=\"_ _6d\"> </span></span><span class=\"ls20 ws19\">4<span class=\"_ _0\"></span>,033<span class=\"_ _363\"> </span></span>Acqui<span class=\"_ _0\"></span>red du<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he year<span class=\"_ _281\"> </span><span class=\"ff83 lsa0 ws1b\">71<span class=\"_ _e7\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _363\"> </span></span>Disposed during the year<span class=\"_ _1dd\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _5f\"> </span></span><span class=\"lsef ws12e\">(4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _1d5\"> </span><span class=\"ff83 ls78 ws6b\">392<span class=\"_ _71\"> </span></span><span class=\"lsa2 ws97\">(3<span class=\"_ _0\"></span>37<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span>At 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber<span class=\"_ _118\"> </span><span class=\"ff83 ls33 ws29\">11,<span class=\"_ _34\"></span>4<span class=\"_ _0\"></span>18<span class=\"_ _60\"> </span></span><span class=\"lsa7 ws9c\">9,99<span class=\"_ _0\"></span>0<span class=\"_ _363\"> </span></span>17<span class=\"_ _5\"></span>. <span class=\"_ _1f2\"> </span>Trade and Other Receivables and F<span class=\"_ _2\"></span>in<span class=\"_ _0\"></span>ance Lease R<span class=\"_ _4\"></span>eceivables<span class=\"_ _2\"></span><span class=\"ff85 ls9d ws54\"> c<span class=\"_ _0\"></span>ontinu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>17<span class=\"_ _2\"></span>. (<span class=\"_ _2\"></span>b<span class=\"_ _2\"></span>) F<span class=\"_ _4\"></span>inance Lease<span class=\"_ _4\"></span> Receivables<span class=\"_ _363\"> </span>Fina<span class=\"_ _0\"></span>nce l<span class=\"_ _0\"></span>ease re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>vable<span class=\"_ _0\"></span>s are pres<span class=\"_ _0\"></span>ented in t<span class=\"_ _0\"></span>he bala<span class=\"_ _0\"></span>nce s<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t as follows:<span class=\"_ _363\"> </span>2022 \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Lea<span class=\"_ _0\"></span>se rec<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>es:<span class=\"_ _363\"> </span>Lease re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivabl<span class=\"_ _0\"></span>es \u2013 falling d<span class=\"_ _0\"></span>ue wit<span class=\"_ _0\"></span>hin on<span class=\"_ _0\"></span>e year<span class=\"_ _240\"> </span><span class=\"ff83 ls134 ws145\">19<span class=\"_ _0\"></span>6<span class=\"_ _206\"> </span></span><span class=\"ls89 wsd0\">2<span class=\"_ _3\"></span>12<span class=\"_ _363\"> </span></span>Lease re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivabl<span class=\"_ _0\"></span>es \u2013 falling d<span class=\"_ _0\"></span>ue af<span class=\"_ _0\"></span>ter mo<span class=\"_ _0\"></span>re than o<span class=\"_ _0\"></span>ne yea<span class=\"_ _0\"></span>r<span class=\"_ _156\"> </span><span class=\"ff83 ls12a wsab\">453<span class=\"_ _12f\"> </span></span><span class=\"lsb ws55\">8<span class=\"_ _0\"></span>81<span class=\"_ _363\"> </span></span>6<span class=\"_ _0\"></span>49<span class=\"_ _77\"> </span><span class=\"ff84 lsdd ws3b\">1,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>3<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e maturi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y profil<span class=\"_ _0\"></span>e of the Gro<span class=\"_ _0\"></span>up\u2019s fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>e lease re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>les ca<span class=\"_ _0\"></span>n be sum<span class=\"_ _0\"></span>mari<span class=\"_ _0\"></span>sed as foll<span class=\"_ _0\"></span>ows:<span class=\"_ _363\"> </span>2022 \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Lea<span class=\"_ _0\"></span>se rec<span class=\"_ _0\"></span>ei<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>es:<span class=\"_ _363\"> </span>Due w<span class=\"_ _0\"></span>ithin o<span class=\"_ _0\"></span>ne yea<span class=\"_ _0\"></span>r<span class=\"_ _282\"> </span><span class=\"ff83 ls134 ws145\">19<span class=\"_ _3\"></span>6<span class=\"_ _206\"> </span></span><span class=\"ls89 wsd0\">2<span class=\"_ _0\"></span>12<span class=\"_ _363\"> </span></span>Bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en on<span class=\"_ _0\"></span>e and t<span class=\"_ _0\"></span>wo years<span class=\"_ _1e0\"> </span><span class=\"ff83 ls134 ws145\">19<span class=\"_ _0\"></span>0<span class=\"_ _206\"> </span></span><span class=\"ls3f ws36\">19<span class=\"_ _0\"></span>2<span class=\"_ _363\"> </span></span>Bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>wo and th<span class=\"_ _0\"></span>ree yea<span class=\"_ _0\"></span>rs<span class=\"_ _24d\"> </span><span class=\"ff83 ls89 wsd0\">15<span class=\"_ _3\"></span>0<span class=\"_ _1c\"> </span></span><span class=\"ls37 ws2d\">16<span class=\"_ _3\"></span>8<span class=\"_ _363\"> </span></span>Bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>ree an<span class=\"_ _0\"></span>d four year<span class=\"_ _0\"></span>s<span class=\"_ _283\"> </span><span class=\"ff83 ls33 ws29\">113<span class=\"_ _206\"> </span></span><span class=\"lse0 wsd7\">13<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span></span>Bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en four a<span class=\"_ _0\"></span>nd fi<span class=\"_ _0\"></span>ve year<span class=\"_ _0\"></span>s<span class=\"_ _f2\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _11\"> </span></span><span class=\"ls89 wsd0\">12<span class=\"_ _3\"></span>8<span class=\"_ _363\"> </span></span>Af<span class=\"_ _0\"></span>ter f<span class=\"_ _0\"></span>ive year<span class=\"_ _0\"></span>s<span class=\"_ _284\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _fa\"> </span></span><span class=\"ls14 wsb9\">259<span class=\"_ _363\"> </span></span>6<span class=\"_ _0\"></span>49<span class=\"_ _77\"> </span><span class=\"ff84 lsdd ws3b\">1,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>3<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e averag<span class=\"_ _0\"></span>e remaini<span class=\"_ _0\"></span>ng leas<span class=\"_ _0\"></span>e term is 3<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>1 years (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: 4.0 ye<span class=\"_ _0\"></span>ars). The f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>e inc<span class=\"_ _0\"></span>ome o<span class=\"_ _0\"></span>n the f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nce l<span class=\"_ _0\"></span>ease re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>vable re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year<span class=\"_ _0\"></span> amou<span class=\"_ _0\"></span>nted to \u00a30.<span class=\"_ _2\"></span>1 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a30<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>1 million).<span class=\"_ _363\"> </span>18. <span class=\"_ _1f2\"> </span>Share Capital and Share Premi<span class=\"_ _4\"></span>um<span class=\"_ _363\"> </span>Group and Compan<span class=\"_ _2\"></span>y<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span> \u20ac\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span> \u20ac\u2019000<span class=\"_ _363\"> </span>Authorised<span class=\"ff84 ls2 ws0\">:<span class=\"_ _363\"> </span></span>Equity shares<span class=\"_ _363\"> </span>30<span class=\"_ _0\"></span>6 millio<span class=\"_ _0\"></span>n ordinar<span class=\"_ _3\"></span>y shares of 5<span class=\"_ _0\"></span>c eac<span class=\"_ _0\"></span>h (2021<span class=\"_ _2\"></span>: 3<span class=\"_ _0\"></span>06 milli<span class=\"_ _0\"></span>on)<span class=\"_ _211\"> </span><span class=\"ff83 ls89 wsd0\">15<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>0<span class=\"_ _5d\"> </span></span><span class=\"ls19 ws13\">15<span class=\"_ _34\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>0<span class=\"_ _363\"> </span></span>15<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>0<span class=\"_ _5d\"> </span><span class=\"ff84 ls19 ws13\">15<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>0<span class=\"_ _34\"></span>0<span class=\"_ _363\"> </span></span>Y<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>ar E<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2<span class=\"_ _363\"> </span>Issue Price<span class=\"_ _363\"> </span>Nu<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r of <span class=\"ls2\"> </span>Shares<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span> Nominal<span class=\"_ _363\"> </span> Value<span class=\"_ _2\"></span> \u00a3\u2019000<span class=\"_ _363\"> </span>Issued and fully<span class=\"_ _4\"></span> paid:<span class=\"_ _363\"> </span>Or<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es \u2013 n<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l val<span class=\"_ _0\"></span>ue o<span class=\"_ _0\"></span>f \u20ac0.05<span class=\"_ _363\"> </span>At 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y<span class=\"_ _285\"> </span><span class=\"ls13 ws22\">240,071,630<span class=\"_ _181\"> </span><span class=\"ls1a ws7d\">8,<span class=\"_ _0\"></span>570<span class=\"_ _363\"> </span></span></span>Issue<span class=\"_ _0\"></span>d und<span class=\"_ _0\"></span>er UK S<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>Y<span class=\"_ _0\"></span>E sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>* <span class=\"_ _15a\"> </span><span class=\"ff83 ls33 ws29\">4<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>11<span class=\"_ _8b\"> </span><span class=\"ls3f ws36\">14<span class=\"_ _363\"> </span></span></span>201<span class=\"_ _2\"></span>1 Lon<span class=\"_ _0\"></span>g T<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>rm I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tive Pl<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span> Ap<span class=\"_ _0\"></span>ril 201<span class=\"_ _2\"></span>9 L<span class=\"_ _4\"></span>TIP Award<span class=\"_ _286\"> </span><span class=\"ff83 ls97 ws88\">Nil<span class=\"_ _1b\"> </span>796,902<span class=\"_ _f5\"> </span><span class=\"ls68 ws5d\">32<span class=\"_ _363\"> </span></span></span>Sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>e Bu<span class=\"_ _0\"></span>yb<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>k<span class=\"_ _363\"> </span> Shar<span class=\"_ _0\"></span>e Buy<span class=\"_ _0\"></span>back \u2013 P<span class=\"_ _0\"></span>rogr<span class=\"_ _0\"></span>amme 1<span class=\"_ _14a\"> </span><span class=\"ff83 ls12a wsab\">(1<span class=\"_ _2\"></span>2,282,<span class=\"_ _2\"></span>71<span class=\"_ _5\"></span>1<span class=\"_ _2\"></span>)<span class=\"_ _70\"> </span><span class=\"lsa7 ws9c\">(525<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span>Shar<span class=\"_ _0\"></span>e Buy<span class=\"_ _0\"></span>back \u2013 P<span class=\"_ _0\"></span>rogr<span class=\"_ _0\"></span>amme 2<span class=\"_ _286\"> </span><span class=\"ff83 ls6c ws61\">(<span class=\"_ _2\"></span>4,<span class=\"_ _0\"></span>302,597)<span class=\"_ _d0\"> </span><span class=\"lse7 wsb8\">(<span class=\"_ _0\"></span>18<span class=\"_ _3\"></span>9)<span class=\"_ _363\"> </span></span></span>Shar<span class=\"_ _0\"></span>e Buy<span class=\"_ _0\"></span>back \u2013 LTIP Awards<span class=\"_ _287\"> </span><span class=\"ff83 ls97 ws88\">(79<span class=\"_ _0\"></span>6,902)<span class=\"_ _10c\"> </span><span class=\"lse4 wsdc\">(3<span class=\"_ _0\"></span>2)<span class=\"_ _363\"> </span></span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r<span class=\"_ _f2\"> </span><span class=\"ls4 ws3\">223,<span class=\"_ _2\"></span>901<span class=\"_ _2\"></span>,033<span class=\"_ _46\"> </span><span class=\"ls146 ws155\">7,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>0<span class=\"_ _363\"> </span></span></span>T<span class=\"_ _2\"></span>otal nominal share<span class=\"_ _2\"></span> c<span class=\"_ _0\"></span>apital issued<span class=\"_ _22c\"> </span><span class=\"ls146 ws155\">7,<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>0<span class=\"_ _363\"> </span></span>*  <span class=\"_ _32\"> </span>R<span class=\"_ _0\"></span>efer to N<span class=\"_ _0\"></span>ote 31 whi<span class=\"_ _0\"></span>ch o<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>line<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e issu<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e of th<span class=\"_ _0\"></span>e 20<span class=\"_ _0\"></span>20, 2<span class=\"_ _0\"></span>01<span class=\"_ _2\"></span>9 a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he 2018 SAYE S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>.<span class=\"_ _363\"> </span>18. <span class=\"_ _1f2\"> </span>Share Capital and Share Premi<span class=\"_ _4\"></span>um<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Group and Compan<span class=\"_ _2\"></span>y<span class=\"ff85 ls36 wsf\"> conti<span class=\"_ _0\"></span>nued<span class=\"_ _363\"> </span></span>Y<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>ar E<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2021<span class=\"_ _363\"> </span>Issue Price<span class=\"_ _363\"> </span>Nu<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>r of <span class=\"ls2\"> </span>Shares<span class=\"_ _363\"> </span>20<span class=\"_ _363\"> </span>22<span class=\"_ _363\"> </span> Nomi<span class=\"_ _363\"> </span>nal<span class=\"_ _363\"> </span> Val<span class=\"_ _363\"> </span>ue<span class=\"_ _2\"></span> \u00a3\u20190<span class=\"_ _363\"> </span>00<span class=\"_ _363\"> </span>Issued and fully<span class=\"_ _4\"></span> paid:<span class=\"_ _363\"> </span>Or<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>es \u2013 n<span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>l val<span class=\"_ _0\"></span>ue o<span class=\"_ _0\"></span>f \u20ac0.05<span class=\"_ _363\"> </span>At 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y<span class=\"_ _1e6\"> </span><span class=\"ff84 ls6c ws61\">239,535,5<span class=\"_ _0\"></span>67<span class=\"_ _6d\"> </span><span class=\"ls14 wsb9\">8,<span class=\"_ _0\"></span>5<span class=\"_ _363\"> </span></span></span><span class=\"ff84 ls6c ws61\"><span class=\"ls14 wsb9\"><span class=\"_ _0\"></span>47<span class=\"_ _363\"> </span></span></span>Issue<span class=\"_ _0\"></span>d und<span class=\"_ _0\"></span>er UK S<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>Y<span class=\"_ _0\"></span>E sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>* <span class=\"_ _288\"> </span><span class=\"ls8a ws7b\">453,388<span class=\"_ _f4\"> </span></span><span class=\"ls8a ws7b\"><span class=\"ls3f ws36\">19<span class=\"_ _363\"> </span></span></span>201<span class=\"_ _2\"></span>1 Lon<span class=\"_ _0\"></span>g T<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>rm I<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>tive Pl<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span> Ap<span class=\"_ _0\"></span>ril 201<span class=\"_ _2\"></span>8 LTIP Award<span class=\"_ _187\"> </span><span class=\"lsa0 ws1b\">Nil<span class=\"_ _74\"> </span><span class=\"ls3e ws35\">82<span class=\"_ _0\"></span>,675<span class=\"_ _26\"> </span></span></span><span class=\"ls2\">4<span class=\"_ _363\"> </span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r<span class=\"_ _278\"> </span><span class=\"ff84 lsdd ws3b\">2<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>1,<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>0<span class=\"_ _77\"> </span><span class=\"lsdb wsb1\">8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _363\"> </span></span></span><span class=\"ff84 lsdd ws3b\"><span class=\"lsdb wsb1\">70<span class=\"_ _363\"> </span></span></span>\u2018<span class=\"_ _2\"></span>A<span class=\"_ _2\"></span>\u2019 ordinary shares<span class=\"_ _363\"> </span> At 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y<span class=\"_ _289\"> </span><span class=\"ff84 lsc0 ws9a\">4,0<span class=\"_ _2\"></span>72,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>04,639<span class=\"_ _f5\"> </span></span><span class=\"ff84 lsc0 ws9a\">22<span class=\"_ _363\"> </span></span>\u2018<span class=\"_ _2\"></span>A\u2019 ordinar<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>ares issu<span class=\"_ _0\"></span>ed in ye<span class=\"_ _0\"></span>ar<span class=\"_ _28a\"> </span><span class=\"ls8b ws7c\">2,<span class=\"_ _0\"></span>353<span class=\"_ _0\"></span>,68<span class=\"_ _0\"></span>4<span class=\"_ _e7\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _363\"> </span></span>Can<span class=\"_ _0\"></span>cellat<span class=\"_ _0\"></span>ion of \u2018<span class=\"_ _4\"></span>A<span class=\"_ _2\"></span>\u2019 o<span class=\"_ _0\"></span>rdinar<span class=\"_ _3\"></span>y shares<span class=\"_ _28b\"> </span><span class=\"ls20 ws19\">(<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>,07<span class=\"_ _2\"></span>4,45<span class=\"_ _0\"></span>8,3<span class=\"_ _0\"></span>23)<span class=\"_ _1ca\"> </span><span class=\"lsf ws9b\">(<span class=\"_ _363\"> </span></span></span><span class=\"ls20 ws19\"><span class=\"lsf ws9b\">2<span class=\"_ _0\"></span>2)<span class=\"_ _363\"> </span></span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r<span class=\"_ _28c\"> </span><span class=\"ff84 ls2\">\u2013<span class=\"_ _e7\"> </span></span><span class=\"ff84 ls2\">\u2013<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>otal nominal share<span class=\"_ _2\"></span> c<span class=\"_ _0\"></span>apital issued<span class=\"_ _22c\"> </span><span class=\"ff84 lsdb wsb1\">8,<span class=\"_ _0\"></span>5<span class=\"_ _363\"> </span></span><span class=\"ff84 lsdb wsb1\"><span class=\"_ _0\"></span>70<span class=\"_ _363\"> </span></span>*  <span class=\"_ _32\"> </span>R<span class=\"_ _0\"></span>efer to N<span class=\"_ _0\"></span>ote 31 whi<span class=\"_ _0\"></span>ch o<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>line<span class=\"_ _0\"></span>s th<span class=\"_ _0\"></span>e issu<span class=\"_ _0\"></span>e pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e of th<span class=\"_ _0\"></span>e 20<span class=\"_ _0\"></span>20, 2<span class=\"_ _0\"></span>01<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>, 2018 and th<span class=\"_ _0\"></span>e 2017 SAYE Sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>Share Premi<span class=\"_ _4\"></span>um<span class=\"_ _363\"> </span>Group<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span> \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _363\"> </span><span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span> \u00a3\u20190<span class=\"_ _363\"> </span>00<span class=\"_ _363\"> </span>At 1 Januar<span class=\"_ _3\"></span>y<span class=\"_ _228\"> </span><span class=\"ff83 ls134 ws145\">2<span class=\"_ _0\"></span>19<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>7<span class=\"_ _21\"> </span></span><span class=\"ls37 ws2d\">2<span class=\"_ _0\"></span>16<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>9<span class=\"_ _363\"> </span></span><span class=\"ls37 ws2d\"><span class=\"_ _3\"></span>6<span class=\"_ _363\"> </span></span>Premi<span class=\"_ _0\"></span>um on iss<span class=\"_ _0\"></span>ue of share<span class=\"_ _0\"></span>s unde<span class=\"_ _0\"></span>r UK S<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>Y<span class=\"_ _0\"></span>E sch<span class=\"_ _0\"></span>eme<span class=\"_ _13f\"> </span><span class=\"ff83 ls18 ws12\">2<span class=\"_ _0\"></span>,528<span class=\"_ _a3\"> </span></span><span class=\"ls10 ws5e\">2<span class=\"_ _0\"></span>,9<span class=\"_ _363\"> </span></span><span class=\"ls10 ws5e\">51<span class=\"_ _363\"> </span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r<span class=\"_ _28d\"> </span><span class=\"ls22 ws66\">2<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>5<span class=\"_ _21\"> </span><span class=\"ff84 ls3f ws36\">219<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span></span></span><span class=\"ls22 ws66\"><span class=\"ff84 ls3f ws36\"><span class=\"_ _3\"></span>7<span class=\"_ _363\"> </span></span></span>Grafton Units Issued and Cancelled<span class=\"_ _2\"></span> D<span class=\"_ _0\"></span>uring 2022<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e numb<span class=\"_ _0\"></span>er of Graf<span class=\"_ _0\"></span>ton U<span class=\"_ _0\"></span>nits iss<span class=\"_ _0\"></span>ued d<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g the yea<span class=\"_ _0\"></span>r unde<span class=\"_ _0\"></span>r the G<span class=\"_ _0\"></span>roup\u2019s E<span class=\"_ _0\"></span>xec<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span>ve Sha<span class=\"_ _0\"></span>re Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es and t<span class=\"_ _0\"></span>he UK S<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>Y<span class=\"_ _0\"></span>E sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e was 1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,61<span class=\"_ _2\"></span>3<span class=\"_ _363\"> </span>(2021<span class=\"_ _2\"></span>: 5<span class=\"_ _0\"></span>36<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>3). Costs re<span class=\"_ _0\"></span>lating to th<span class=\"_ _0\"></span>e issue<span class=\"_ _0\"></span>s were \u00a3Nil (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a3Nil<span class=\"_ _0\"></span>). T<span class=\"_ _0\"></span>he num<span class=\"_ _0\"></span>ber of Gr<span class=\"_ _0\"></span>af<span class=\"_ _0\"></span>ton units c<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>elle<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year was 17<span class=\"_ _5\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>82<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>0 (2021<span class=\"_ _2\"></span>:<span class=\"_ _363\"> </span><span class=\"_ _0\"></span> Nil). T<span class=\"_ _0\"></span>he total c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ived<span class=\"_ _0\"></span>, exclu<span class=\"_ _0\"></span>ding th<span class=\"_ _0\"></span>e share bu<span class=\"_ _0\"></span>yb<span class=\"_ _0\"></span>acks<span class=\"_ _0\"></span>, amo<span class=\"_ _0\"></span>unted to \u00a32<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>57<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>00 (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a32<span class=\"_ _0\"></span>,97<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>00).<span class=\"_ _363\"> </span>Graf<span class=\"_ _0\"></span>ton Units<span class=\"_ _363\"> </span>At 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>020, a G<span class=\"_ _0\"></span>raf<span class=\"_ _0\"></span>ton Uni<span class=\"_ _0\"></span>t co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ised o<span class=\"_ _0\"></span>ne ordi<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>are of Euro fi<span class=\"_ _0\"></span>ve ce<span class=\"_ _0\"></span>nt and 1<span class=\"_ _4\"></span>7 \u2018<span class=\"_ _2\"></span>A\u2019 ordinar<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>ares of 0.001 ce<span class=\"_ _0\"></span>nt eac<span class=\"_ _0\"></span>h in Graf<span class=\"_ _0\"></span>ton <span class=\"ls2\"> </span>Group p<span class=\"_ _0\"></span>lc and o<span class=\"_ _0\"></span>ne \u2018C<span class=\"_ _0\"></span>\u2019 ordi<span class=\"_ _0\"></span>nar<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>are of S<span class=\"_ _0\"></span>tg0.0<span class=\"_ _0\"></span>001<span class=\"_ _2\"></span>p in G<span class=\"_ _0\"></span>raf<span class=\"_ _0\"></span>ton Grou<span class=\"_ _0\"></span>p (UK<span class=\"_ _0\"></span>) pl<span class=\"_ _0\"></span>c.<span class=\"_ _363\"> </span>At an E<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ordina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y Ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al Me<span class=\"_ _0\"></span>eting o<span class=\"_ _0\"></span>n 21 Januar<span class=\"_ _3\"></span>y 2021, sharehol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s approve<span class=\"_ _0\"></span>d a resol<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span>on relat<span class=\"_ _0\"></span>ing to the su<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r and ca<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>llatio<span class=\"_ _0\"></span>n of the \u2018<span class=\"_ _2\"></span>A<span class=\"_ _363\"> </span>\u2019<span class=\"_ _363\"> </span> Ordin<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>hares an<span class=\"_ _0\"></span>d the pu<span class=\"_ _0\"></span>rchase of t<span class=\"_ _0\"></span>he \u2018C<span class=\"_ _0\"></span>\u2019 Ord<span class=\"_ _0\"></span>inar<span class=\"_ _0\"></span>y S<span class=\"_ _0\"></span>hares a<span class=\"_ _0\"></span>nd relate<span class=\"_ _0\"></span>d waiver of ri<span class=\"_ _0\"></span>ghts. T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se cha<span class=\"_ _0\"></span>nges to<span class=\"_ _0\"></span>ok ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t from 6<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>0pm o<span class=\"_ _0\"></span>n 7 March 2<span class=\"_ _363\"> </span><span class=\"_ _0\"></span>021<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> From that d<span class=\"_ _0\"></span>ate and as at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 2021 and 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2, a G<span class=\"_ _0\"></span>raf<span class=\"_ _0\"></span>ton Uni<span class=\"_ _0\"></span>t com<span class=\"_ _0\"></span>pris<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>ne ordin<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>re of Euro fi<span class=\"_ _0\"></span>ve cent i<span class=\"_ _0\"></span>n Graf<span class=\"_ _0\"></span>ton<span class=\"_ _363\"> </span> Group plc.<span class=\"_ _363\"> </span>Ordinary Shares<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e hold<span class=\"_ _0\"></span>ers of or<span class=\"_ _0\"></span>dinar<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>hares are e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>led to at<span class=\"_ _0\"></span>tend<span class=\"_ _0\"></span>, spe<span class=\"_ _0\"></span>ak and vote at all Ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>al Me<span class=\"_ _0\"></span>eting<span class=\"_ _0\"></span>s of the C<span class=\"_ _0\"></span>ompa<span class=\"_ _0\"></span>ny<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>Simplification of Grafton Unit<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Graf<span class=\"_ _0\"></span>ton Uni<span class=\"_ _0\"></span>t was simp<span class=\"_ _0\"></span>lifi<span class=\"_ _0\"></span>ed wi<span class=\"_ _0\"></span>th ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t from 7 M<span class=\"_ _0\"></span>arch 20<span class=\"_ _0\"></span>21 and now c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>prise<span class=\"_ _0\"></span>s 1 ordina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>re of Euro fi<span class=\"_ _0\"></span>ve cent i<span class=\"_ _0\"></span>n Graf<span class=\"_ _0\"></span>ton Gro<span class=\"_ _0\"></span>up plc<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Treasury Shares<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group h<span class=\"_ _0\"></span>olds 5<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0,0<span class=\"_ _0\"></span>00 (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: 50<span class=\"_ _0\"></span>0,<span class=\"_ _0\"></span>00<span class=\"_ _0\"></span>0) Graf<span class=\"_ _0\"></span>ton Uni<span class=\"_ _0\"></span>ts at a cos<span class=\"_ _0\"></span>t of \u00a33,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>97<span class=\"_ _2\"></span>,00<span class=\"_ _0\"></span>0 (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a33,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>97<span class=\"_ _2\"></span>,0<span class=\"_ _0\"></span>00) as treasu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y share<span class=\"_ _0\"></span>s. At 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>,<span class=\"_ _363\"> </span> the Gr<span class=\"_ _0\"></span>oup also h<span class=\"_ _0\"></span>eld 1<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _4\"></span>09 s<span class=\"_ _0\"></span>hares pu<span class=\"_ _0\"></span>rchase<span class=\"_ _0\"></span>d bu<span class=\"_ _0\"></span>t not can<span class=\"_ _0\"></span>cell<span class=\"_ _0\"></span>ed as pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t of the s<span class=\"_ _0\"></span>hare bu<span class=\"_ _0\"></span>ybac<span class=\"_ _0\"></span>k prog<span class=\"_ _0\"></span>ramm<span class=\"_ _0\"></span>e at a cos<span class=\"_ _0\"></span>t of \u00a30.9 million as n<span class=\"_ _0\"></span>oted be<span class=\"_ _0\"></span>lo<span class=\"_ _363\"> </span>w<span class=\"_ _363\"> </span> (<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>1:<span class=\"_ _0\"></span> \u00a3<span class=\"_ _3\"></span>N<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>)<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Share Buyback Programme<span class=\"_ _363\"> </span>On 28 A<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e Group a<span class=\"_ _0\"></span>nnou<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>d its inte<span class=\"_ _0\"></span>ntion to int<span class=\"_ _0\"></span>rodu<span class=\"_ _0\"></span>ce a sha<span class=\"_ _0\"></span>re buy<span class=\"_ _0\"></span>back p<span class=\"_ _0\"></span>rogr<span class=\"_ _0\"></span>amme<span class=\"_ _0\"></span>. On 9 May 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2, t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up entere<span class=\"_ _0\"></span>d into non<span class=\"_ _0\"></span>-<span class=\"_ _363\"> </span>discre<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ents wi<span class=\"_ _0\"></span>th Go<span class=\"_ _0\"></span>odb<span class=\"_ _0\"></span>ody S<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>ck<span class=\"_ _0\"></span>broker<span class=\"_ _0\"></span>s UC (acting as ag<span class=\"_ _0\"></span>ent) and N<span class=\"_ _0\"></span>umis S<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>uri<span class=\"_ _0\"></span>ties L<span class=\"_ _0\"></span>imi<span class=\"_ _0\"></span>ted (acting as pr<span class=\"_ _0\"></span>inci<span class=\"_ _0\"></span>pal<span class=\"_ _0\"></span>) to cond<span class=\"_ _0\"></span>uct t<span class=\"_ _0\"></span>h<span class=\"_ _363\"> </span>e<span class=\"_ _363\"> </span> prog<span class=\"_ _0\"></span>ramm<span class=\"_ _0\"></span>e and to buy b<span class=\"_ _0\"></span>ack o<span class=\"_ _0\"></span>rdinar<span class=\"_ _0\"></span>y s<span class=\"_ _0\"></span>hares (th<span class=\"_ _0\"></span>e \u201cS<span class=\"_ _0\"></span>hares<span class=\"_ _0\"></span>\u201d<span class=\"_ _0\"></span>) on t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up\u2019s beh<span class=\"_ _0\"></span>alf for a ma<span class=\"_ _0\"></span>ximu<span class=\"_ _0\"></span>m aggre<span class=\"_ _0\"></span>gate cons<span class=\"_ _0\"></span>ider<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of up to \u00a31<span class=\"_ _2\"></span>00 m<span class=\"_ _0\"></span>illion<span class=\"_ _0\"></span> and to make tr<span class=\"_ _0\"></span>ading de<span class=\"_ _0\"></span>cisi<span class=\"_ _0\"></span>ons un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>he pro<span class=\"_ _0\"></span>gram<span class=\"_ _0\"></span>me ind<span class=\"_ _0\"></span>epe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>ntly of th<span class=\"_ _0\"></span>e Group i<span class=\"_ _0\"></span>n acc<span class=\"_ _0\"></span>ordan<span class=\"_ _0\"></span>ce wi<span class=\"_ _0\"></span>th ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n pre<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>set p<span class=\"_ _0\"></span>aram<span class=\"_ _0\"></span>eters (th<span class=\"_ _0\"></span>e \u201cBu<span class=\"_ _0\"></span>yb<span class=\"_ _0\"></span>ack<span class=\"_ _3\"></span>\u201d<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span>.<span class=\"_ _363\"> </span> Th<span class=\"_ _0\"></span>e Buy<span class=\"_ _0\"></span>back c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ced o<span class=\"_ _0\"></span>n 9 May 20<span class=\"_ _0\"></span>22 a<span class=\"_ _0\"></span>nd end<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n 1<span class=\"_ _2\"></span>2 S<span class=\"_ _0\"></span>eptemb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2. At 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>roup ha<span class=\"_ _0\"></span>d purch<span class=\"_ _0\"></span>ased 12,28<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>,71<span class=\"_ _2\"></span>1 share<span class=\"_ _363\"> </span>s<span class=\"_ _363\"> </span> unde<span class=\"_ _0\"></span>r this p<span class=\"_ _0\"></span>rogra<span class=\"_ _0\"></span>mme in a<span class=\"_ _0\"></span>ggre<span class=\"_ _0\"></span>gate for can<span class=\"_ _0\"></span>cell<span class=\"_ _0\"></span>ation at a tota<span class=\"_ _0\"></span>l cost of \u00a3100.3 milli<span class=\"_ _0\"></span>on, in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ing tra<span class=\"_ _0\"></span>nsact<span class=\"_ _0\"></span>ion c<span class=\"_ _0\"></span>osts<span class=\"_ _0\"></span>. All s<span class=\"_ _0\"></span>hares we<span class=\"_ _0\"></span>re canc<span class=\"_ _0\"></span>ell<span class=\"_ _0\"></span>ed at<span class=\"_ _363\"> </span> 31 De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2.<span class=\"_ _363\"> </span>18. <span class=\"_ _1f2\"> </span>Share Capital and Share Premi<span class=\"_ _4\"></span>um<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Treasury Shares<span class=\"ff85 ls36 wsf\"> continued<span class=\"_ _363\"> </span></span>Share Buyback Programme<span class=\"_ _2\"></span><span class=\"ff85 ls36 wsf\"> c<span class=\"_ _0\"></span>ontinue<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>Follow<span class=\"_ _0\"></span>ing co<span class=\"_ _0\"></span>mple<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the f<span class=\"_ _0\"></span>irst s<span class=\"_ _0\"></span>hare bu<span class=\"_ _0\"></span>yba<span class=\"_ _0\"></span>ck pro<span class=\"_ _0\"></span>gram<span class=\"_ _0\"></span>me the G<span class=\"_ _0\"></span>roup an<span class=\"_ _0\"></span>nou<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>d on 10 November 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 its i<span class=\"_ _0\"></span>ntentio<span class=\"_ _0\"></span>n to comm<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e a se<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span> share bu<span class=\"_ _0\"></span>yb<span class=\"_ _0\"></span>ack pro<span class=\"_ _0\"></span>gram<span class=\"_ _0\"></span>me and to bu<span class=\"_ _0\"></span>y bac<span class=\"_ _0\"></span>k ordina<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y share<span class=\"_ _0\"></span>s (the \u201c<span class=\"_ _0\"></span>Shar<span class=\"_ _0\"></span>es\u201d<span class=\"_ _3\"></span>) on the G<span class=\"_ _0\"></span>roup\u2019s be<span class=\"_ _0\"></span>half for a ma<span class=\"_ _0\"></span>xim<span class=\"_ _0\"></span>um aggre<span class=\"_ _0\"></span>gate co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on of up<span class=\"_ _363\"> </span> to \u00a31<span class=\"_ _2\"></span>00 m<span class=\"_ _0\"></span>illion a<span class=\"_ _0\"></span>nd to make tradi<span class=\"_ _0\"></span>ng de<span class=\"_ _0\"></span>cisio<span class=\"_ _0\"></span>ns und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e prog<span class=\"_ _0\"></span>ramm<span class=\"_ _0\"></span>e inde<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>dent<span class=\"_ _0\"></span>ly of the G<span class=\"_ _0\"></span>roup in a<span class=\"_ _0\"></span>cco<span class=\"_ _0\"></span>rdanc<span class=\"_ _0\"></span>e wit<span class=\"_ _0\"></span>h cer<span class=\"_ _3\"></span>tain pre<span class=\"_ _3\"></span>-se<span class=\"_ _0\"></span>t para<span class=\"_ _0\"></span>meter<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span> (the \u201c<span class=\"_ _0\"></span>Buy<span class=\"_ _0\"></span>back<span class=\"_ _3\"></span>\u201d<span class=\"_ _0\"></span>). T<span class=\"_ _0\"></span>he Bu<span class=\"_ _0\"></span>ybac<span class=\"_ _0\"></span>k co<span class=\"_ _0\"></span>mme<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>d on 10 Novembe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2 and w<span class=\"_ _0\"></span>ill end n<span class=\"_ _0\"></span>o later tha<span class=\"_ _0\"></span>n 30 A<span class=\"_ _0\"></span>pril 2<span class=\"_ _0\"></span>023<span class=\"_ _0\"></span>. At 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>roup had<span class=\"_ _0\"></span> purch<span class=\"_ _0\"></span>ased 4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>41<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>,<span class=\"_ _2\"></span>70<span class=\"_ _0\"></span>6 share<span class=\"_ _0\"></span>s in aggre<span class=\"_ _0\"></span>gate for ca<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>llatio<span class=\"_ _0\"></span>n at a total cos<span class=\"_ _0\"></span>t of \u00a335<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>1 million<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>luding t<span class=\"_ _0\"></span>ransa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on co<span class=\"_ _0\"></span>sts. H<span class=\"_ _0\"></span>owever, due to timing<span class=\"_ _0\"></span>, onl<span class=\"_ _0\"></span>y<span class=\"_ _363\"> </span> 4,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>,5<span class=\"_ _0\"></span>97 were can<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>lled at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>22 a<span class=\"_ _0\"></span>nd 1<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>5,1<span class=\"_ _2\"></span>09 sh<span class=\"_ _0\"></span>ares purc<span class=\"_ _0\"></span>hase<span class=\"_ _0\"></span>d for \u00a30.9 millio<span class=\"_ _0\"></span>n were c<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span>d in earl<span class=\"_ _0\"></span>y Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>23. D<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ails of<span class=\"_ _363\"> </span> shares b<span class=\"_ _0\"></span>oug<span class=\"_ _0\"></span>ht back si<span class=\"_ _0\"></span>nce 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>22 a<span class=\"_ _0\"></span>re incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d in Note 3<span class=\"_ _0\"></span>4.<span class=\"_ _363\"> </span>In addi<span class=\"_ _0\"></span>tion to th<span class=\"_ _0\"></span>e above<span class=\"_ _0\"></span>, on 3 May 20<span class=\"_ _0\"></span>22 a<span class=\"_ _0\"></span>nd 4 May 20<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p purch<span class=\"_ _0\"></span>ased an<span class=\"_ _0\"></span>d can<span class=\"_ _0\"></span>cell<span class=\"_ _0\"></span>ed 79<span class=\"_ _0\"></span>6,9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2 Graf<span class=\"_ _0\"></span>ton Uni<span class=\"_ _0\"></span>ts whi<span class=\"_ _0\"></span>ch was ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>ted to offs<span class=\"_ _0\"></span>et<span class=\"_ _363\"> </span> the dil<span class=\"_ _0\"></span>utive e<span class=\"_ _0\"></span>ffe<span class=\"_ _0\"></span>ct of issui<span class=\"_ _0\"></span>ng new s<span class=\"_ _0\"></span>hares to satisf<span class=\"_ _3\"></span>y share award ob<span class=\"_ _0\"></span>ligati<span class=\"_ _0\"></span>ons und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mpany<span class=\"_ _0\"></span>\u2019s Lon<span class=\"_ _0\"></span>g T<span class=\"_ _2\"></span>erm In<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ntive Pla<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>he total co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on<span class=\"_ _363\"> </span> was \u00a37<span class=\"_ _2\"></span>.6 million<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>ding tr<span class=\"_ _0\"></span>ansac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n cos<span class=\"_ _0\"></span>ts.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e movem<span class=\"_ _0\"></span>ent in tre<span class=\"_ _0\"></span>asur<span class=\"_ _0\"></span>y sh<span class=\"_ _0\"></span>ares as a resu<span class=\"_ _0\"></span>lt of the b<span class=\"_ _0\"></span>uyb<span class=\"_ _0\"></span>acks is n<span class=\"_ _0\"></span>oted bel<span class=\"_ _0\"></span>ow:<span class=\"_ _363\"> </span>Purchase of<span class=\"_ _363\"> </span> Sha<span class=\"_ _0\"></span>res<span class=\"_ _363\"> </span> \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>ransac<span class=\"_ _0\"></span>tion<span class=\"_ _363\"> </span> Costs<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal Purchase<span class=\"_ _363\"> </span> of S<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>s*<span class=\"_ _363\"> </span> \u00a3\u2019000<span class=\"_ _363\"> </span>Cancellation<span class=\"_ _2\"></span> of<span class=\"_ _363\"> </span> Shares<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal<span class=\"_ _363\"> </span> Movement<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Buyback Programme 1<span class=\"_ _28e\"> </span><span class=\"ls12a wsab\">1<span class=\"_ _2\"></span>00,000<span class=\"_ _6d\"> </span><span class=\"ls20 ws19\">28<span class=\"_ _0\"></span>4<span class=\"_ _eb\"> </span><span class=\"ff83 ls72 wse\">1<span class=\"_ _2\"></span>00<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>284<span class=\"_ _c5\"> </span>(1<span class=\"_ _2\"></span>00<span class=\"_ _2\"></span>,000)<span class=\"_ _63\"> </span><span class=\"ls68 ws5d\">284<span class=\"_ _363\"> </span></span></span></span></span>Buyback Programme 2<span class=\"_ _28f\"> </span><span class=\"ls47 ws3d\">35,0<span class=\"_ _0\"></span>46<span class=\"_ _14c\"> </span><span class=\"ls8b ws7c\">72<span class=\"_ _96\"> </span><span class=\"ff83 ls33 ws29\">3<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>11<span class=\"_ _0\"></span>8<span class=\"_ _44\"> </span><span class=\"ls134 ws145\">(<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>,13<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _141\"> </span><span class=\"ls68 ws5d\">988<span class=\"_ _363\"> </span></span></span></span></span></span>13<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>6<span class=\"_ _a4\"> </span><span class=\"ls47 ws3d\">356<span class=\"_ _eb\"> </span></span><span class=\"ff83\">13<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _98\"> </span>(<span class=\"_ _3\"></span>13<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>,13<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _db\"> </span><span class=\"ls22 ws66\">1,<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>2<span class=\"_ _363\"> </span></span></span>LT<span class=\"_ _3\"></span>I<span class=\"_ _0\"></span>P<span class=\"_ _3\"></span> A<span class=\"_ _0\"></span>w<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>d<span class=\"_ _3\"></span>s<span class=\"_ _1c3\"> </span><span class=\"ls143 ws151\">7,<span class=\"_ _34\"></span>5<span class=\"_ _3\"></span>6<span class=\"_ _34\"> </span>3<span class=\"_ _fa\"> </span><span class=\"ls37 ws2d\">16<span class=\"_ _20\"> </span><span class=\"ff83 ls146 ws155\">7,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _db\"> </span>(<span class=\"_ _34\"> </span>7,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>6<span class=\"_ _34\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _70\"> </span><span class=\"lsdd ws3b\">16<span class=\"_ _363\"> </span></span></span></span></span>14<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>9<span class=\"_ _a4\"> </span><span class=\"lsc ws9\">372<span class=\"_ _1ea\"> </span><span class=\"ff83 ls3f ws36\">14<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>1<span class=\"_ _98\"> </span>(<span class=\"_ _3\"></span>141,<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>3)<span class=\"_ _db\"> </span><span class=\"ls22 ws66\">1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>8<span class=\"_ _363\"> </span></span></span></span>*  <span class=\"_ _32\"> </span>Including transaction costs<span class=\"_ _363\"> </span>19.  Group Statement<span class=\"_ _4\"></span> of Changes in E<span class=\"_ _4\"></span>quity<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e capi<span class=\"_ _0\"></span>tal re<span class=\"_ _0\"></span>dem<span class=\"_ _0\"></span>ption re<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>ve is a l<span class=\"_ _0\"></span>ega<span class=\"_ _0\"></span>l reser<span class=\"_ _3\"></span>ve which a<span class=\"_ _0\"></span>rose fr<span class=\"_ _0\"></span>om th<span class=\"_ _0\"></span>e purch<span class=\"_ _0\"></span>ase of \u2018<span class=\"_ _2\"></span>A\u2019 ordinar<span class=\"_ _0\"></span>y sha<span class=\"_ _0\"></span>res, t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>dem<span class=\"_ _0\"></span>ption of re<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>emab<span class=\"_ _0\"></span>le share<span class=\"_ _0\"></span>s in pri<span class=\"_ _0\"></span>or year<span class=\"_ _0\"></span>s and th<span class=\"_ _0\"></span>e buy<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>bac<span class=\"_ _0\"></span>k and c<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ellati<span class=\"_ _0\"></span>on of share<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e revaluat<span class=\"_ _0\"></span>ion res<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ve was c<span class=\"_ _0\"></span>reated as a resu<span class=\"_ _0\"></span>lt of a revaluat<span class=\"_ _0\"></span>ion of Ir<span class=\"_ _0\"></span>ish prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies in 1998<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e shares to be i<span class=\"_ _0\"></span>ssue<span class=\"_ _0\"></span>d rese<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ve co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ises am<span class=\"_ _0\"></span>ounts e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nsed in t<span class=\"_ _0\"></span>he in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent in c<span class=\"_ _0\"></span>onn<span class=\"_ _0\"></span>ect<span class=\"_ _0\"></span>ion wi<span class=\"_ _0\"></span>th sha<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>base<span class=\"_ _0\"></span>d paym<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, net of tr<span class=\"_ _0\"></span>ansfers<span class=\"_ _0\"></span> to retaine<span class=\"_ _0\"></span>d ear<span class=\"_ _0\"></span>ning<span class=\"_ _0\"></span>s on the e<span class=\"_ _0\"></span>xercise of sh<span class=\"_ _0\"></span>are enti<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s and th<span class=\"_ _0\"></span>e lapsin<span class=\"_ _0\"></span>g of such e<span class=\"_ _0\"></span>ntitl<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nts.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e cash f<span class=\"_ _0\"></span>low he<span class=\"_ _0\"></span>dge r<span class=\"_ _0\"></span>eser<span class=\"_ _3\"></span>ve com<span class=\"_ _0\"></span>prise<span class=\"_ _0\"></span>s the ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve por<span class=\"_ _3\"></span>tion of th<span class=\"_ _0\"></span>e cumu<span class=\"_ _0\"></span>lative n<span class=\"_ _0\"></span>et chan<span class=\"_ _0\"></span>ge in t<span class=\"_ _0\"></span>he fair valu<span class=\"_ _0\"></span>e of cash f<span class=\"_ _0\"></span>low he<span class=\"_ _0\"></span>dgin<span class=\"_ _0\"></span>g instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ents related to he<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>d tra<span class=\"_ _0\"></span>nsac<span class=\"_ _0\"></span>tions t<span class=\"_ _0\"></span>hat have not yet o<span class=\"_ _0\"></span>cc<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>d.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e foreign c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>ncy t<span class=\"_ _0\"></span>ransl<span class=\"_ _0\"></span>ation re<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>ve a<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>s from t<span class=\"_ _0\"></span>he cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t on tr<span class=\"_ _0\"></span>anslati<span class=\"_ _0\"></span>on of the i<span class=\"_ _0\"></span>nvestm<span class=\"_ _0\"></span>ent in subs<span class=\"_ _0\"></span>idiar<span class=\"_ _0\"></span>ies wi<span class=\"_ _0\"></span>th eur<span class=\"_ _0\"></span>o func<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>ies as adj<span class=\"_ _0\"></span>usted for for<span class=\"_ _0\"></span>eign c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>ncy b<span class=\"_ _0\"></span>orrow<span class=\"_ _0\"></span>ings and d<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ves desi<span class=\"_ _0\"></span>gnated as n<span class=\"_ _0\"></span>et invest<span class=\"_ _0\"></span>ment h<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>es.<span class=\"_ _363\"> </span>20. <span class=\"_ _1f2\"> </span>Interest-Bearing L<span class=\"_ _4\"></span>oans and Borro<span class=\"_ _4\"></span>wings<span class=\"_ _363\"> </span>2022 \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Non-<span class=\"_ _0\"></span>curre<span class=\"_ _0\"></span>nt liabilities<span class=\"_ _363\"> </span>Euro ban<span class=\"_ _0\"></span>k loans<span class=\"_ _290\"> </span><span class=\"ff83 ls33 ws29\">112<span class=\"_ _34\"></span>,1<span class=\"_ _0\"></span>0<span class=\"_ _34\"></span>8<span class=\"_ _5d\"> </span></span><span class=\"ls8b ws7c\">38<span class=\"_ _0\"></span>,699<span class=\"_ _363\"> </span></span>US se<span class=\"_ _0\"></span>nior n<span class=\"_ _0\"></span>otes<span class=\"_ _204\"> </span><span class=\"ff83 ls3f ws36\">14<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>4<span class=\"_ _21\"> </span></span><span class=\"lse0 wsd7\">13<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>otal interes<span class=\"_ _0\"></span>t-b<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>ing lo<span class=\"_ _0\"></span>ans and b<span class=\"_ _0\"></span>orrow<span class=\"_ _0\"></span>ings<span class=\"_ _291\"> </span><span class=\"ff83 ls47 ws3d\">253,50<span class=\"_ _0\"></span>2<span class=\"_ _db\"> </span></span><span class=\"ls8b ws7c\">1<span class=\"_ _2\"></span>72<span class=\"_ _0\"></span>,601<span class=\"_ _363\"> </span></span>Lease liabi<span class=\"_ _2\"></span>lities<span class=\"_ _219\"> </span><span class=\"ff83 ls134 ws145\">3<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,19<span class=\"_ _3\"></span>8<span class=\"_ _db\"> </span></span><span class=\"lsdb wsb1\">39<span class=\"_ _0\"></span>6,<span class=\"_ _0\"></span>070<span class=\"_ _363\"> </span></span>6<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>,70<span class=\"_ _3\"></span>0<span class=\"_ _b0\"> </span><span class=\"ff84 ls8b ws7c\">56<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>,671<span class=\"_ _363\"> </span></span>Curre<span class=\"_ _0\"></span>nt liabilities<span class=\"_ _363\"> </span>Euro ban<span class=\"_ _0\"></span>k loans<span class=\"_ _292\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _72\"> </span></span><span class=\"ls20 ws19\">84,030<span class=\"_ _363\"> </span></span>Lease liabi<span class=\"_ _2\"></span>lities<span class=\"_ _1db\"> </span><span class=\"ff83 ls134 ws145\">6<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>,10<span class=\"_ _3\"></span>5<span class=\"_ _126\"> </span></span><span class=\"lsa2 ws97\">52<span class=\"_ _0\"></span>,9<span class=\"_ _0\"></span>24<span class=\"_ _363\"> </span></span>6<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>,10<span class=\"_ _3\"></span>5<span class=\"_ _21\"> </span><span class=\"ff84 lse0 wsd7\">13<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e incre<span class=\"_ _0\"></span>ase in no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent intere<span class=\"_ _0\"></span>st be<span class=\"_ _0\"></span>arin<span class=\"_ _0\"></span>g loans a<span class=\"_ _0\"></span>nd bo<span class=\"_ _0\"></span>rrowin<span class=\"_ _0\"></span>gs large<span class=\"_ _0\"></span>ly ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cts a m<span class=\"_ _0\"></span>oveme<span class=\"_ _0\"></span>nt from c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>nt liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y following a b<span class=\"_ _0\"></span>ank ref<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cing o<span class=\"_ _0\"></span>n 4 Augus<span class=\"_ _0\"></span>t 202<span class=\"_ _0\"></span>2 and a fo<span class=\"_ _0\"></span>reign e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e movem<span class=\"_ _0\"></span>ent on t<span class=\"_ _0\"></span>ransl<span class=\"_ _0\"></span>ation of t<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p\u2019s euro de<span class=\"_ _0\"></span>nom<span class=\"_ _0\"></span>inated ban<span class=\"_ _0\"></span>k loans<span class=\"_ _0\"></span>/U<span class=\"_ _0\"></span>S sen<span class=\"_ _0\"></span>ior notes i<span class=\"_ _0\"></span>nto sterling at t<span class=\"_ _0\"></span>he year en<span class=\"_ _0\"></span>d.<span class=\"_ _363\"> </span>20. <span class=\"_ _1f2\"> </span>Interest-Bearing L<span class=\"_ _4\"></span>oans and Borro<span class=\"_ _4\"></span>wings<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Maturity of financial<span class=\"_ _2\"></span> liabilities<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e maturi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y profil<span class=\"_ _0\"></span>e of the Gro<span class=\"_ _0\"></span>up\u2019s interest-<span class=\"_ _0\"></span>b<span class=\"_ _0\"></span>eari<span class=\"_ _0\"></span>ng f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial liabi<span class=\"_ _0\"></span>litie<span class=\"_ _0\"></span>s (b<span class=\"_ _0\"></span>ank de<span class=\"_ _0\"></span>bt, l<span class=\"_ _0\"></span>oan notes a<span class=\"_ _0\"></span>nd leas<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>ties) can b<span class=\"_ _0\"></span>e summa<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>d as follows:<span class=\"_ _363\"> </span>Bank loan<span class=\"_ _4\"></span>s 2022 \u00a3\u2019000<span class=\"_ _363\"> </span>US se<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>r note<span class=\"_ _0\"></span>s 2022 \u00a3\u2019000<span class=\"_ _363\"> </span>Leas<span class=\"_ _0\"></span>e liabilities 2022 \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal 2022 \u00a3\u2019000<span class=\"_ _363\"> </span>Bank loans 20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>US senior<span class=\"_ _4\"></span> note<span class=\"_ _0\"></span>s 20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Lease liabiliti<span class=\"_ _0\"></span>es 20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span> 20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Due w<span class=\"_ _0\"></span>ithin o<span class=\"_ _0\"></span>ne yea<span class=\"_ _0\"></span>r<span class=\"_ _e6\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _6e\"> </span>\u2013<span class=\"_ _27\"> </span><span class=\"ls134 ws145\">6<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _1eb\"> </span>6<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _27\"> </span></span></span><span class=\"ls20 ws19\">8<span class=\"_ _0\"></span>4,0<span class=\"_ _0\"></span>30<span class=\"_ _6e\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _1eb\"> </span><span class=\"lsa2 ws97\">5<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>,9<span class=\"_ _0\"></span>24<span class=\"_ _43\"> </span><span class=\"lse0 wsd7\">13<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>5<span class=\"_ _34\"></span>4<span class=\"_ _363\"> </span></span></span></span>Bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en on<span class=\"_ _0\"></span>e and t<span class=\"_ _0\"></span>wo years<span class=\"_ _293\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _6e\"> </span>\u2013<span class=\"_ _9b\"> </span><span class=\"ls6b wsb\">58,688<span class=\"_ _9b\"> </span>58,688<span class=\"_ _c8\"> </span></span></span><span class=\"ls8b ws7c\">38,6<span class=\"_ _0\"></span>99<span class=\"_ _6d\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _27\"> </span><span class=\"lsa2 ws97\">5<span class=\"_ _3\"></span>3,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>24<span class=\"_ _c6\"> </span><span class=\"lsdd ws3b\">91,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _363\"> </span></span></span></span>Bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en t<span class=\"_ _0\"></span>wo and th<span class=\"_ _0\"></span>ree yea<span class=\"_ _0\"></span>rs<span class=\"_ _294\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _6e\"> </span>\u2013<span class=\"_ _c8\"> </span><span class=\"ls146 ws155\">5<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>9<span class=\"_ _c5\"> </span>5<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>9<span class=\"_ _a3\"> </span></span><span class=\"ff84\">\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _c5\"> </span><span class=\"ls14 wsb9\">52<span class=\"_ _0\"></span>,49<span class=\"_ _0\"></span>2<span class=\"_ _c5\"> </span>52<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>492<span class=\"_ _363\"> </span></span></span></span>Bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en th<span class=\"_ _0\"></span>ree an<span class=\"_ _0\"></span>d four year<span class=\"_ _0\"></span>s<span class=\"_ _295\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _6e\"> </span>\u2013<span class=\"_ _296\"> </span><span class=\"lsdb wsb1\">53<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>375<span class=\"_ _9b\"> </span>5<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>,3<span class=\"_ _0\"></span>75<span class=\"_ _6d\"> </span></span><span class=\"ff84\">\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _98\"> </span><span class=\"ls132 ws146\">5<span class=\"_ _3\"></span>1,13<span class=\"_ _3\"></span>1<span class=\"_ _c0\"> </span>5<span class=\"_ _3\"></span>1,13<span class=\"_ _3\"></span>1<span class=\"_ _363\"> </span></span></span></span>Bet<span class=\"_ _0\"></span>we<span class=\"_ _0\"></span>en four a<span class=\"_ _0\"></span>nd fi<span class=\"_ _0\"></span>ve year<span class=\"_ _0\"></span>s<span class=\"_ _297\"> </span><span class=\"ff83 ls33 ws29\">112<span class=\"_ _34\"></span>,1<span class=\"_ _0\"></span>0<span class=\"_ _34\"></span>8<span class=\"_ _a3\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _c5\"> </span><span class=\"ls146 ws155\">4<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>12<span class=\"_ _b5\"> </span><span class=\"lsa7 ws9c\">1<span class=\"_ _2\"></span>59,9<span class=\"_ _0\"></span>20<span class=\"_ _6d\"> </span><span class=\"ff84 ls2 ws0\">\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _134\"> </span><span class=\"ls143 ws151\">4<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>4<span class=\"_ _1\"> </span>3<span class=\"_ _0\"></span>6<span class=\"_ _c6\"> </span>4<span class=\"_ _3\"></span>7,<span class=\"_ _34\"> </span>4<span class=\"_ _34\"> </span>3<span class=\"_ _34\"></span>6<span class=\"_ _363\"> </span></span></span></span></span></span></span>Af<span class=\"_ _0\"></span>ter f<span class=\"_ _0\"></span>ive year<span class=\"_ _0\"></span>s<span class=\"_ _298\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _b1\"> </span><span class=\"ls3f ws36\">141,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _f0\"> </span><span class=\"lsa0 ws1b\">1<span class=\"_ _2\"></span>71,<span class=\"_ _2\"></span>71<span class=\"_ _2\"></span>4<span class=\"_ _135\"> </span><span class=\"ls134 ws145\">3<span class=\"_ _3\"></span>13<span class=\"_ _0\"></span>,10<span class=\"_ _3\"></span>8<span class=\"_ _a3\"> </span><span class=\"ff84 ls2 ws0\">\u2013<span class=\"_ _135\"> </span><span class=\"lse0 wsd7\">13<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _b3\"> </span><span class=\"ls3f ws36\">191,<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>7<span class=\"_ _135\"> </span><span class=\"ls14 wsb9\">325<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>89<span class=\"_ _363\"> </span></span></span></span></span></span></span></span></span>112<span class=\"_ _34\"></span>,1<span class=\"_ _0\"></span>0<span class=\"_ _34\"></span>8<span class=\"_ _135\"> </span><span class=\"ls3f ws36\">141,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _ad\"> </span><span class=\"ls15 ws32\">4<span class=\"_ _0\"></span>49,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>03<span class=\"_ _ae\"> </span><span class=\"ls1a ws7d\">70<span class=\"_ _0\"></span>2,<span class=\"_ _0\"></span>805<span class=\"_ _43\"> </span><span class=\"ff84 lsc0 ws9a\">1<span class=\"_ _2\"></span>22,<span class=\"_ _2\"></span>729<span class=\"_ _b5\"> </span><span class=\"lse0 wsd7\">13<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _b1\"> </span><span class=\"lsa7 ws9c\">4<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>8,9<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4<span class=\"_ _135\"> </span><span class=\"lsdb wsb1\">705<span class=\"_ _0\"></span>,625<span class=\"_ _363\"> </span></span></span></span></span></span></span></span>Derivatives<span class=\"_ _130\"> </span><span class=\"ff83 ls20 ws19\">29<span class=\"_ _7b\"> </span></span><span class=\"ls2 ws0\">8<span class=\"_ _363\"> </span></span>Gross debt<span class=\"_ _142\"> </span><span class=\"ff83 ls1a ws7d\">702,<span class=\"_ _0\"></span>83<span class=\"_ _0\"></span>4<span class=\"_ _299\"> </span></span><span class=\"lsdb wsb1\">705<span class=\"_ _0\"></span>,6<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>3<span class=\"_ _363\"> </span></span>Cash a<span class=\"_ _2\"></span>nd shor<span class=\"_ _0\"></span>t t<span class=\"_ _2\"></span>er<span class=\"_ _0\"></span>m deposit<span class=\"_ _2\"></span>s<span class=\"_ _29a\"> </span><span class=\"ff83 ls33 ws29\">(<span class=\"_ _34\"></span>7<span class=\"_ _3\"></span>11,<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1)<span class=\"_ _1bd\"> </span></span><span class=\"lsc0 ws9a\">(<span class=\"_ _2\"></span>84<span class=\"_ _0\"></span>4,663)<span class=\"_ _363\"> </span></span>N<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span> (c<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span>h)<span class=\"_ _27f\"> </span><span class=\"ff83 ls103 wsf8\">(8,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _29b\"> </span></span><span class=\"lse0 wsd7\">(<span class=\"_ _0\"></span>13<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>Net c<span class=\"_ _0\"></span>ash, e<span class=\"_ _0\"></span>xcludin<span class=\"_ _0\"></span>g the im<span class=\"_ _0\"></span>pact of le<span class=\"_ _0\"></span>ases<span class=\"_ _0\"></span>, amo<span class=\"_ _0\"></span>unted to \u00a345<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>.2 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a35<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>8.0 m<span class=\"_ _0\"></span>illion).<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e following t<span class=\"_ _0\"></span>able i<span class=\"_ _0\"></span>ndic<span class=\"_ _0\"></span>ates the ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ctive i<span class=\"_ _0\"></span>nterest rates at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of interest be<span class=\"_ _0\"></span>arin<span class=\"_ _0\"></span>g fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al asset<span class=\"_ _0\"></span>s and f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es and th<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>s duri<span class=\"_ _0\"></span>ng whic<span class=\"_ _0\"></span>h the<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ice.<span class=\"_ _363\"> </span>Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ve Inte<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>st Ra<span class=\"_ _0\"></span>te<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>6 mo<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>hs or l<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s \u00a3\u2019000<span class=\"_ _363\"> </span>6 to 12 mon<span class=\"_ _0\"></span>ths \u00a3\u2019000<span class=\"_ _363\"> </span>1-2<span class=\"_ _0\"></span> y<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span> \u00a3\u2019000<span class=\"_ _363\"> </span>2-5 y<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> \u00a3\u2019000<span class=\"_ _363\"> </span>Mo<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n 5 year<span class=\"_ _0\"></span>s \u00a3\u2019000<span class=\"_ _363\"> </span>Euro de<span class=\"_ _0\"></span>posi<span class=\"_ _0\"></span>ts<span class=\"_ _29c\"> </span><span class=\"ff83 ls10 ws5e\">0.00<span class=\"_ _0\"></span>%<span class=\"_ _1ea\"> </span><span class=\"ls8b ws7c\">3,099<span class=\"_ _1ea\"> </span>3,099<span class=\"_ _6d\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6e\"> </span>\u2013<span class=\"_ _363\"> </span></span></span></span>Sterling<span class=\"_ _2\"></span> deposits<span class=\"_ _29d\"> </span><span class=\"ff83 ls6e ws10\">3.27%<span class=\"_ _ad\"> </span><span class=\"ls146 ws155\">4<span class=\"_ _34\"></span>6<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>0<span class=\"_ _b1\"> </span>4<span class=\"_ _34\"></span>6<span class=\"_ _0\"></span>7,<span class=\"_ _3\"></span>0<span class=\"_ _34\"></span>3<span class=\"_ _3\"></span>0<span class=\"_ _a3\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6e\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _363\"> </span></span></span></span>Cash at ba<span class=\"_ _0\"></span>nk<span class=\"_ _da\"> </span><span class=\"ff83\">0.00<span class=\"_ _0\"></span>% \u2013 3.5<span class=\"_ _0\"></span>0%<span class=\"_ _b1\"> </span><span class=\"ls22 ws66\">2<span class=\"_ _0\"></span>41,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>2<span class=\"_ _b1\"> </span>2<span class=\"_ _3\"></span>41,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>2<span class=\"_ _77\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6e\"> </span>\u2013<span class=\"_ _363\"> </span></span></span>T<span class=\"_ _2\"></span>otal cash a<span class=\"_ _0\"></span>nd cas<span class=\"_ _0\"></span>h equi<span class=\"_ _0\"></span>valent<span class=\"_ _0\"></span>s<span class=\"_ _24b\"> </span><span class=\"ff83 ls33 ws29\">7<span class=\"_ _3\"></span>11<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _34\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _99\"> </span>7<span class=\"_ _3\"></span>11,<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1<span class=\"_ _a3\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6e\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _363\"> </span></span></span>Floating rat<span class=\"_ _4\"></span>e debt:<span class=\"_ _363\"> </span>Euro loa<span class=\"_ _0\"></span>ns<span class=\"_ _29e\"> </span><span class=\"ff83 ls47 ws3d\">3.02%<span class=\"_ _147\"> </span><span class=\"ls33 ws29\">(<span class=\"_ _3\"></span>11<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)<span class=\"_ _29f\"> </span>(<span class=\"_ _3\"></span>112<span class=\"_ _34\"></span>,1<span class=\"_ _0\"></span>0<span class=\"_ _34\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _141\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _6e\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _363\"> </span></span></span></span>T<span class=\"_ _2\"></span>otal fl<span class=\"_ _0\"></span>oatin<span class=\"_ _0\"></span>g rate debt<span class=\"_ _2a0\"> </span><span class=\"ff83 ls33 ws29\">(<span class=\"_ _3\"></span>112<span class=\"_ _34\"></span>,1<span class=\"_ _0\"></span>0<span class=\"_ _34\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _29f\"> </span>(<span class=\"_ _3\"></span>11<span class=\"_ _0\"></span>2<span class=\"_ _34\"></span>,1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)<span class=\"_ _141\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _6e\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _363\"> </span></span></span>Fi<span class=\"_ _0\"></span>xed r<span class=\"_ _0\"></span>ate d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>bt:<span class=\"_ _363\"> </span>Lease liabi<span class=\"_ _2\"></span>lities<span class=\"_ _2a1\"> </span><span class=\"ff83 ls47 ws3d\">3.33%<span class=\"_ _28\"> </span><span class=\"ls15 ws32\">(449,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>03)<span class=\"_ _147\"> </span><span class=\"lsbd wsb4\">(3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>05<span class=\"_ _0\"></span>3)<span class=\"_ _ae\"> </span><span class=\"lse4 wsdc\">(3<span class=\"_ _0\"></span>0,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>52)<span class=\"_ _147\"> </span><span class=\"ls6b wsb\">(58,688<span class=\"_ _2\"></span>)<span class=\"_ _86\"> </span><span class=\"ls89 wsd0\">(<span class=\"_ _3\"></span>15<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _144\"> </span><span class=\"lsa0 ws1b\">(1<span class=\"_ _2\"></span>71,<span class=\"_ _2\"></span>71<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span></span></span></span></span></span>US se<span class=\"_ _0\"></span>nior n<span class=\"_ _0\"></span>otes<span class=\"_ _127\"> </span><span class=\"ff83 ls15 ws32\">2<span class=\"_ _0\"></span>.49<span class=\"_ _0\"></span>%<span class=\"_ _88\"> </span><span class=\"ls3f ws36\">(<span class=\"_ _3\"></span>141,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>)<span class=\"_ _5f\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _6e\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _88\"> </span></span>(<span class=\"_ _3\"></span>141,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span>T<span class=\"_ _2\"></span>otal fi<span class=\"_ _0\"></span>xed rate de<span class=\"_ _0\"></span>bt<span class=\"_ _28e\"> </span><span class=\"ff83 lsa7 ws9c\">(590,697<span class=\"_ _0\"></span>)<span class=\"_ _147\"> </span><span class=\"lsbd wsb4\">(3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>05<span class=\"_ _0\"></span>3)<span class=\"_ _ae\"> </span><span class=\"lse4 wsdc\">(3<span class=\"_ _0\"></span>0,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>52)<span class=\"_ _147\"> </span><span class=\"ls6b wsb\">(58,688<span class=\"_ _2\"></span>)<span class=\"_ _86\"> </span><span class=\"ls89 wsd0\">(<span class=\"_ _3\"></span>15<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _144\"> </span><span class=\"ls134 ws145\">(<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>13<span class=\"_ _3\"></span>,10<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span></span></span></span></span>Derivatives<span class=\"_ _1c7\"> </span><span class=\"ff83 ls35 ws2b\">(2<span class=\"_ _0\"></span>9)<span class=\"_ _b0\"> </span>(<span class=\"_ _0\"></span>29)<span class=\"_ _5f\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _6e\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _363\"> </span></span></span>T<span class=\"_ _2\"></span>otal net c<span class=\"_ _0\"></span>ash/(debt)<span class=\"_ _2a2\"> </span><span class=\"ff83 ls78 ws6b\">8,887<span class=\"_ _ad\"> </span><span class=\"lsf ws9b\">5<span class=\"_ _0\"></span>69,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>31<span class=\"_ _f0\"> </span><span class=\"lse4 wsdc\">(3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>52)<span class=\"_ _147\"> </span><span class=\"ls6b wsb\">(58,688<span class=\"_ _2\"></span>)<span class=\"_ _42\"> </span><span class=\"ls89 wsd0\">(<span class=\"_ _0\"></span>15<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _144\"> </span><span class=\"ls134 ws145\">(<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>13<span class=\"_ _3\"></span>,10<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span></span></span></span></span>Borrowing F<span class=\"_ _2\"></span>acilities and US Senior<span class=\"_ _2\"></span> N<span class=\"_ _0\"></span>otes<span class=\"_ _363\"> </span>At 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2, t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up had bil<span class=\"_ _0\"></span>ateral lo<span class=\"_ _0\"></span>an facili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s of \u00a33<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>0.7 million (2021<span class=\"_ _2\"></span>: \u00a34<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>3.7 million whi<span class=\"_ _0\"></span>ch matu<span class=\"_ _0\"></span>re in Marc<span class=\"_ _0\"></span>h 202<span class=\"_ _0\"></span>3) with four<span class=\"_ _0\"></span> relati<span class=\"_ _0\"></span>onshi<span class=\"_ _0\"></span>p banks wh<span class=\"_ _0\"></span>ich all m<span class=\"_ _0\"></span>ature in Aug<span class=\"_ _0\"></span>ust 20<span class=\"_ _0\"></span>27<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>In Augus<span class=\"_ _0\"></span>t 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>roup c<span class=\"_ _0\"></span>ompl<span class=\"_ _0\"></span>eted a ref<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncing of i<span class=\"_ _0\"></span>ts loa<span class=\"_ _0\"></span>n facilit<span class=\"_ _0\"></span>ies t<span class=\"_ _0\"></span>hat were du<span class=\"_ _0\"></span>e to expire in M<span class=\"_ _0\"></span>arch 20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>. Bilater<span class=\"_ _0\"></span>al revolv<span class=\"_ _0\"></span>ing lo<span class=\"_ _0\"></span>an facil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s for \u00a33<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>0.7 million were ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>d with fo<span class=\"_ _0\"></span>ur est<span class=\"_ _0\"></span>ablish<span class=\"_ _0\"></span>ed rel<span class=\"_ _0\"></span>ations<span class=\"_ _0\"></span>hip ban<span class=\"_ _0\"></span>ks for a ter<span class=\"_ _0\"></span>m of five ye<span class=\"_ _0\"></span>ars to Augu<span class=\"_ _0\"></span>st 20<span class=\"_ _0\"></span>27<span class=\"_ _2\"></span>. The ar<span class=\"_ _0\"></span>rang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents inc<span class=\"_ _0\"></span>lude t<span class=\"_ _0\"></span>wo on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>-<span class=\"_ _363\"> </span>year ex<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>sion o<span class=\"_ _0\"></span>ptions e<span class=\"_ _0\"></span>xercisa<span class=\"_ _0\"></span>ble at th<span class=\"_ _0\"></span>e discre<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of Graf<span class=\"_ _0\"></span>ton and t<span class=\"_ _0\"></span>he ban<span class=\"_ _0\"></span>ks. T<span class=\"_ _0\"></span>his is sust<span class=\"_ _0\"></span>ainab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y linked d<span class=\"_ _0\"></span>ebt fu<span class=\"_ _0\"></span>nding an<span class=\"_ _0\"></span>d incl<span class=\"_ _0\"></span>udes a<span class=\"_ _0\"></span>n ince<span class=\"_ _0\"></span>ntive<span class=\"_ _0\"></span> con<span class=\"_ _0\"></span>nec<span class=\"_ _0\"></span>ted to the a<span class=\"_ _0\"></span>chie<span class=\"_ _0\"></span>veme<span class=\"_ _0\"></span>nt of car<span class=\"_ _0\"></span>bon e<span class=\"_ _0\"></span>missio<span class=\"_ _0\"></span>ns, wo<span class=\"_ _0\"></span>rk<span class=\"_ _0\"></span>forc<span class=\"_ _0\"></span>e dive<span class=\"_ _0\"></span>rsit<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d com<span class=\"_ _0\"></span>munit<span class=\"_ _0\"></span>y su<span class=\"_ _0\"></span>ppo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t targ<span class=\"_ _0\"></span>ets t<span class=\"_ _0\"></span>hat are ful<span class=\"_ _0\"></span>ly align<span class=\"_ _0\"></span>ed to th<span class=\"_ _0\"></span>e Group\u2019s susta<span class=\"_ _0\"></span>inabili<span class=\"_ _0\"></span>ty s<span class=\"_ _0\"></span>trateg<span class=\"_ _0\"></span>y. These n<span class=\"_ _0\"></span>ew facili<span class=\"_ _0\"></span>ties re<span class=\"_ _0\"></span>plac<span class=\"_ _0\"></span>e exis<span class=\"_ _0\"></span>ting fa<span class=\"_ _0\"></span>ciliti<span class=\"_ _0\"></span>es of \u00a33<span class=\"_ _0\"></span>80<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>7 m<span class=\"_ _0\"></span>illion<span class=\"_ _0\"></span>. A one<span class=\"_ _3\"></span>-year te<span class=\"_ _0\"></span>rm fac<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y for \u00a38<span class=\"_ _0\"></span>6.0 m<span class=\"_ _0\"></span>illion t<span class=\"_ _0\"></span>hat was put in p<span class=\"_ _0\"></span>lace i<span class=\"_ _0\"></span>n 2021, facilitated by o<span class=\"_ _0\"></span>ne of the G<span class=\"_ _0\"></span>roup\u2019s four re<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>nship ban<span class=\"_ _0\"></span>ks und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e ECB<span class=\"_ _0\"></span>\u2019s T<span class=\"_ _2\"></span>argeted L<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>er-<span class=\"_ _2\"></span>T<span class=\"_ _2\"></span>er<span class=\"_ _0\"></span>m Refi<span class=\"_ _0\"></span>nanci<span class=\"_ _0\"></span>ng Op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>, was use<span class=\"_ _0\"></span>d to tempor<span class=\"_ _0\"></span>aril<span class=\"_ _0\"></span>y repla<span class=\"_ _0\"></span>ce dr<span class=\"_ _0\"></span>awings on e<span class=\"_ _0\"></span>xistin<span class=\"_ _0\"></span>g facili<span class=\"_ _0\"></span>ties o<span class=\"_ _0\"></span>n more at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ract<span class=\"_ _0\"></span>ive term<span class=\"_ _0\"></span>s and was repai<span class=\"_ _0\"></span>d in De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group h<span class=\"_ _0\"></span>ad an und<span class=\"_ _0\"></span>rawn co<span class=\"_ _0\"></span>mmit<span class=\"_ _0\"></span>ted b<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rowing fac<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2 of \u00a3<span class=\"_ _0\"></span>226<span class=\"_ _0\"></span>.9 million (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a33<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4.7 million) in respe<span class=\"_ _0\"></span>ct of whi<span class=\"_ _0\"></span>ch all con<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>ons pre<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>dent we<span class=\"_ _0\"></span>re met<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p had liqui<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>y of \u00a39<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>4.6 milli<span class=\"_ _0\"></span>on at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22 (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a31<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>235<span class=\"_ _0\"></span>.4 milli<span class=\"_ _0\"></span>on) of which \u00a3707<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>7 m<span class=\"_ _0\"></span>illion<span class=\"_ _0\"></span> (2021<span class=\"_ _2\"></span>: \u00a38<span class=\"_ _3\"></span>40.7 million) was held in a<span class=\"_ _0\"></span>cce<span class=\"_ _0\"></span>ssibl<span class=\"_ _0\"></span>e cash an<span class=\"_ _0\"></span>d \u00a32<span class=\"_ _0\"></span>26<span class=\"_ _0\"></span>.9 million (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a33<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4.7 million) in undrawn revo<span class=\"_ _0\"></span>lvin<span class=\"_ _0\"></span>g bank fa<span class=\"_ _0\"></span>ciliti<span class=\"_ _0\"></span>es.<span class=\"_ _363\"> </span>20. <span class=\"_ _1f2\"> </span>Interest-Bearing L<span class=\"_ _4\"></span>oans and Borro<span class=\"_ _4\"></span>wings<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>In Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r 201<span class=\"_ _2\"></span>8<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>roup r<span class=\"_ _0\"></span>aised \u20ac<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>6<span class=\"_ _0\"></span>0 millio<span class=\"_ _0\"></span>n (31 Dec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: \u00a314<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>.9 milli<span class=\"_ _0\"></span>on befo<span class=\"_ _0\"></span>re cos<span class=\"_ _0\"></span>ts; 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 2021<span class=\"_ _2\"></span>: \u00a3134.4 m<span class=\"_ _0\"></span>illion b<span class=\"_ _0\"></span>efore<span class=\"ls2\"> </span>cos<span class=\"_ _0\"></span>ts) through an is<span class=\"_ _0\"></span>sue of unse<span class=\"_ _0\"></span>cu<span class=\"_ _0\"></span>red se<span class=\"_ _0\"></span>nior n<span class=\"_ _0\"></span>otes in the U<span class=\"_ _0\"></span>S Pr<span class=\"_ _0\"></span>ivate Plac<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt mar<span class=\"_ _0\"></span>ket with ten a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>welve yea<span class=\"_ _0\"></span>r maturi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s at an averag<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>xed annual c<span class=\"_ _0\"></span>oup<span class=\"_ _0\"></span>on of 2.5 p<span class=\"_ _0\"></span>er c<span class=\"_ _0\"></span>ent and u<span class=\"_ _0\"></span>sed t<span class=\"_ _0\"></span>he pro<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>eds re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ived to ref<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce ex<span class=\"_ _0\"></span>isting d<span class=\"_ _0\"></span>ebt<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e issue of th<span class=\"_ _0\"></span>ese notes di<span class=\"_ _0\"></span>vers<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ed th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s sourc<span class=\"_ _0\"></span>es of fundin<span class=\"_ _0\"></span>g by re<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ntering t<span class=\"_ _0\"></span>he U<span class=\"_ _0\"></span>S Pri<span class=\"_ _0\"></span>vate Place<span class=\"_ _0\"></span>ment m<span class=\"_ _0\"></span>arket<span class=\"_ _0\"></span>, ex<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>ded t<span class=\"_ _0\"></span>he matu<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>y prof<span class=\"_ _0\"></span>ile of de<span class=\"_ _0\"></span>bt and prov<span class=\"_ _0\"></span>ide<span class=\"_ _0\"></span>d greater c<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aint<span class=\"_ _0\"></span>y over th<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t of <span class=\"ls2\"> </span>debt for a<span class=\"_ _0\"></span>n ex<span class=\"_ _0\"></span>tend<span class=\"_ _0\"></span>ed pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od at at<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>tive r<span class=\"_ _0\"></span>ates.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e averag<span class=\"_ _0\"></span>e maturi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of com<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>ted ban<span class=\"_ _0\"></span>k facili<span class=\"_ _0\"></span>ties a<span class=\"_ _0\"></span>nd unse<span class=\"_ _0\"></span>cure<span class=\"_ _0\"></span>d sen<span class=\"_ _0\"></span>ior n<span class=\"_ _0\"></span>otes at 31 Dec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 was 5.2 ye<span class=\"_ _0\"></span>ars (2021<span class=\"_ _4\"></span>: 2.5 yea<span class=\"_ _0\"></span>rs).<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e following t<span class=\"_ _0\"></span>able i<span class=\"_ _0\"></span>ndic<span class=\"_ _0\"></span>ates the ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ctive i<span class=\"_ _0\"></span>nterest rates at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>21 in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of interest be<span class=\"_ _0\"></span>arin<span class=\"_ _0\"></span>g fi<span class=\"_ _0\"></span>nanci<span class=\"_ _0\"></span>al asset<span class=\"_ _0\"></span>s and f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es and th<span class=\"_ _0\"></span>e per<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>s in whic<span class=\"_ _0\"></span>h the<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>ice.<span class=\"_ _363\"> </span>Effective <span class=\"ls2 ws0\"> </span>Inte<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>st Ra<span class=\"_ _0\"></span>te<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>6 mo<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>hs or l<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s \u00a3\u2019000<span class=\"_ _363\"> </span>6 to 12 mon<span class=\"_ _0\"></span>ths \u00a3\u2019000<span class=\"_ _363\"> </span>1-2<span class=\"_ _0\"></span> y<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>s<span class=\"_ _0\"></span> \u00a3\u2019000<span class=\"_ _363\"> </span>2-5 y<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> \u00a3\u2019000<span class=\"_ _363\"> </span>Mo<span class=\"_ _0\"></span>re t<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>n 5 year<span class=\"_ _0\"></span>s \u00a3\u2019000<span class=\"_ _363\"> </span>Euro de<span class=\"_ _0\"></span>posi<span class=\"_ _0\"></span>ts<span class=\"_ _28f\"> </span><span class=\"ls2\">\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _363\"> </span></span>Sterling<span class=\"_ _2\"></span> deposits<span class=\"_ _d9\"> </span><span class=\"lsd6 wscf\">0<span class=\"_ _3\"></span>.1<span class=\"_ _0\"></span>0<span class=\"_ _34\"></span>%<span class=\"_ _98\"> </span><span class=\"ls37 ws2d\">16<span class=\"_ _3\"></span>,7<span class=\"_ _3\"></span>14<span class=\"_ _98\"> </span>16<span class=\"_ _3\"></span>,7<span class=\"_ _3\"></span>14<span class=\"_ _a3\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6e\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _363\"> </span></span></span></span>Cash at ba<span class=\"_ _0\"></span>nk<span class=\"_ _2a3\"> </span>(0.65%) \u2013 0.<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>0%<span class=\"_ _f0\"> </span><span class=\"ls143 ws151\">8<span class=\"_ _34\"></span>2<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>9<span class=\"_ _34\"></span>4<span class=\"_ _3\"></span>9<span class=\"_ _b3\"> </span>8<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>9<span class=\"_ _34\"> </span>4<span class=\"_ _3\"></span>9<span class=\"_ _60\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _6e\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>otal cash a<span class=\"_ _0\"></span>nd cas<span class=\"_ _0\"></span>h equi<span class=\"_ _0\"></span>valent<span class=\"_ _0\"></span>s<span class=\"_ _129\"> </span><span class=\"lsc0 ws9a\">84<span class=\"_ _0\"></span>4,663<span class=\"_ _3f\"> </span>844,663<span class=\"_ _6e\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _363\"> </span></span>Floating rat<span class=\"_ _4\"></span>e debt:<span class=\"_ _363\"> </span>Euro loa<span class=\"_ _0\"></span>ns<span class=\"_ _2a4\"> </span><span class=\"lsde wsd5\">(0<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>%)<span class=\"_ _ad\"> </span><span class=\"lsc0 ws9a\">(1<span class=\"_ _5\"></span>22,7<span class=\"_ _2\"></span>29)<span class=\"_ _144\"> </span>(1<span class=\"_ _5\"></span>22,7<span class=\"_ _2\"></span>29)<span class=\"_ _63\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _363\"> </span></span></span></span>T<span class=\"_ _2\"></span>otal fl<span class=\"_ _0\"></span>oatin<span class=\"_ _0\"></span>g rate debt<span class=\"_ _122\"> </span><span class=\"lsc0 ws9a\">(<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>22,<span class=\"_ _2\"></span>729<span class=\"_ _2\"></span>)<span class=\"_ _29f\"> </span>(1<span class=\"_ _5\"></span>22,7<span class=\"_ _2\"></span>29)<span class=\"_ _63\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _363\"> </span></span></span>Fi<span class=\"_ _0\"></span>xed r<span class=\"_ _0\"></span>ate d<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>bt:<span class=\"_ _363\"> </span>Lease liabi<span class=\"_ _2\"></span>lities<span class=\"_ _209\"> </span><span class=\"ls3e ws35\">3<span class=\"_ _0\"></span>.2<span class=\"_ _0\"></span>6%<span class=\"_ _89\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>,9<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>4)<span class=\"_ _b5\"> </span><span class=\"lsf ws9b\">(26<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>2)<span class=\"_ _b1\"> </span>(26<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>2)<span class=\"_ _b1\"> </span><span class=\"lsa2 ws97\">(5<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>24)<span class=\"_ _97\"> </span><span class=\"ls19 ws13\">(<span class=\"_ _0\"></span>15<span class=\"_ _3\"></span>1,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _97\"> </span><span class=\"ls3f ws36\">(<span class=\"_ _0\"></span>19<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span></span></span></span></span></span>US se<span class=\"_ _0\"></span>nior n<span class=\"_ _0\"></span>otes<span class=\"_ _1a2\"> </span><span class=\"ls14 wsb9\">2.49<span class=\"_ _0\"></span>%<span class=\"_ _147\"> </span><span class=\"lse0 wsd7\">(<span class=\"_ _0\"></span>13<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _141\"> </span></span></span><span class=\"ls2\">\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6e\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _147\"> </span><span class=\"lse0 wsd7\">(<span class=\"_ _0\"></span>13<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span>T<span class=\"_ _2\"></span>otal fi<span class=\"_ _0\"></span>xed rate de<span class=\"_ _0\"></span>bt<span class=\"_ _2a5\"> </span><span class=\"lsc0 ws9a\">(<span class=\"_ _4\"></span>582,896)<span class=\"_ _3f\"> </span><span class=\"lsf ws9b\">(26<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>2)<span class=\"_ _b1\"> </span>(2<span class=\"_ _0\"></span>6,<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>62)<span class=\"_ _b1\"> </span><span class=\"lsa2 ws97\">(5<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>24)<span class=\"_ _97\"> </span><span class=\"ls19 ws13\">(<span class=\"_ _0\"></span>15<span class=\"_ _3\"></span>1,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _144\"> </span><span class=\"ls105 ws162\">(3<span class=\"_ _0\"></span>25<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span></span></span></span></span></span>Derivatives<span class=\"_ _1f3\"> </span><span class=\"lse4 wsdc\">(8)<span class=\"_ _126\"> </span>(8)<span class=\"_ _5f\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _6e\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _363\"> </span></span></span>T<span class=\"_ _2\"></span>otal Net D<span class=\"_ _0\"></span>ebt<span class=\"_ _2a6\"> </span><span class=\"lse0 wsd7\">13<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>0<span class=\"_ _135\"> </span><span class=\"ls18 ws12\">695,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>4<span class=\"_ _145\"> </span><span class=\"lsf ws9b\">(26<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>2)<span class=\"_ _b1\"> </span><span class=\"lsa2 ws97\">(5<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>24)<span class=\"_ _97\"> </span><span class=\"ls19 ws13\">(<span class=\"_ _0\"></span>15<span class=\"_ _3\"></span>1,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _144\"> </span><span class=\"ls105 ws162\">(3<span class=\"_ _0\"></span>25<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span></span></span></span></span></span></span>21. <span class=\"_ _1f2\"> </span>Financial Instruments and Financial R<span class=\"_ _4\"></span>isk<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e fair value<span class=\"_ _0\"></span>s of fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l assets a<span class=\"_ _0\"></span>nd liabi<span class=\"_ _0\"></span>litie<span class=\"_ _0\"></span>s toget<span class=\"_ _0\"></span>her wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing amo<span class=\"_ _0\"></span>unts sh<span class=\"_ _0\"></span>own in th<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce she<span class=\"_ _0\"></span>et ar<span class=\"_ _0\"></span>e as follows:<span class=\"_ _363\"> </span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _363\"> </span>Fair<span class=\"_ _4\"></span> value<span class=\"_ _363\"> </span>through OCI<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Amor<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span>cost<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal carrying value<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Fair<span class=\"_ _4\"></span> value \u00a3\u2019000<span class=\"_ _363\"> </span>Oth<span class=\"_ _0\"></span>er financial assets*<span class=\"_ _2a7\"> </span><span class=\"ff83 ls89 wsd0\">12<span class=\"_ _0\"></span>9<span class=\"_ _79\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _fa\"> </span></span>12<span class=\"_ _3\"></span>9<span class=\"_ _79\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r rec<span class=\"_ _0\"></span>eivab<span class=\"_ _0\"></span>les*<span class=\"_ _2a8\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _96\"> </span><span class=\"ls146 ws155\">2<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>7,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _34\"></span>4<span class=\"_ _b0\"> </span>2<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>7,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _79\"> </span></span>\u2013<span class=\"_ _363\"> </span></span>Lease receivables*<span class=\"_ _65\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _11d\"> </span><span class=\"ls15 ws32\">649<span class=\"_ _12f\"> </span>6<span class=\"_ _0\"></span>49<span class=\"_ _e7\"> </span></span>\u2013<span class=\"_ _363\"> </span></span>Cash an<span class=\"_ _0\"></span>d cash e<span class=\"_ _0\"></span>quiva<span class=\"_ _0\"></span>lents*<span class=\"_ _1be\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _db\"> </span><span class=\"ls33 ws29\">7<span class=\"_ _3\"></span>11,<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1<span class=\"_ _21\"> </span>7<span class=\"_ _0\"></span>11<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _34\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _f7\"> </span></span>\u2013<span class=\"_ _363\"> </span></span>12<span class=\"_ _0\"></span>9<span class=\"_ _a1\"> </span><span class=\"ls13 ws22\">980,<span class=\"_ _0\"></span>06<span class=\"_ _0\"></span>4<span class=\"_ _b4\"> </span><span class=\"ls134 ws145\">9<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,19<span class=\"_ _0\"></span>3<span class=\"_ _79\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span></span></span>Fore<span class=\"_ _0\"></span>ign cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy for<span class=\"_ _0\"></span>ward<span class=\"_ _0\"></span>s<span class=\"_ _2a9\"> </span><span class=\"ff83 ls35 ws2b\">(2<span class=\"_ _0\"></span>9)<span class=\"_ _8b\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _1ca\"> </span></span>(2<span class=\"_ _0\"></span>9)<span class=\"_ _c1\"> </span>(<span class=\"_ _0\"></span>29)<span class=\"_ _363\"> </span></span>Euro ban<span class=\"_ _0\"></span>k loans<span class=\"_ _240\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _69\"> </span><span class=\"ls33 ws29\">(<span class=\"_ _3\"></span>11<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)<span class=\"_ _80\"> </span>(<span class=\"_ _3\"></span>112<span class=\"_ _34\"></span>,1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)<span class=\"_ _1af\"> </span><span class=\"ls36 wsf\">(1<span class=\"_ _5\"></span>1<span class=\"_ _2\"></span>3,81<span class=\"_ _2\"></span>5)<span class=\"_ _363\"> </span></span></span></span>US se<span class=\"_ _0\"></span>nior n<span class=\"_ _0\"></span>otes<span class=\"_ _13e\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _b2\"> </span><span class=\"ls3f ws36\">(<span class=\"_ _0\"></span>14<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>)<span class=\"_ _9d\"> </span>(<span class=\"_ _0\"></span>14<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _cc\"> </span><span class=\"ls1a ws7d\">(1<span class=\"_ _2\"></span>26,6<span class=\"_ _0\"></span>05)<span class=\"_ _363\"> </span></span></span></span>Lease liabi<span class=\"_ _2\"></span>lities<span class=\"_ _1b6\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _44\"> </span><span class=\"ls15 ws32\">(<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>49,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>03)<span class=\"_ _2b\"> </span>(449,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>03)<span class=\"_ _8b\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span></span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r payable<span class=\"_ _0\"></span>s*<span class=\"_ _210\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _44\"> </span><span class=\"ls13 ws22\">(<span class=\"_ _4\"></span>420,65<span class=\"_ _0\"></span>3)<span class=\"_ _2b\"> </span>(<span class=\"_ _2\"></span>42<span class=\"_ _0\"></span>0,653)<span class=\"_ _d1\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span></span></span>(2<span class=\"_ _0\"></span>9)<span class=\"_ _145\"> </span><span class=\"ls89 wsd0\">(<span class=\"_ _3\"></span>1,12<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _145\"> </span>(<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,12<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>)<span class=\"_ _1ea\"> </span></span>(2<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span>21. <span class=\"_ _1f2\"> </span>Financial Instruments and Financial R<span class=\"_ _4\"></span>isk<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Fair<span class=\"_ _4\"></span> value through OCI \u00a3\u2019000<span class=\"_ _363\"> </span>Amor<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span>cos<span class=\"_ _0\"></span>t \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal carrying value \u00a3\u2019000<span class=\"_ _363\"> </span>Fair<span class=\"_ _4\"></span> value \u00a3\u2019000<span class=\"_ _363\"> </span>Oth<span class=\"_ _0\"></span>er financial assets*<span class=\"_ _2aa\"> </span><span class=\"ls89 wsd0\">12<span class=\"_ _0\"></span>6<span class=\"_ _79\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _1c\"> </span></span>12<span class=\"_ _0\"></span>6<span class=\"_ _79\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r rec<span class=\"_ _0\"></span>eivab<span class=\"_ _0\"></span>les*<span class=\"_ _2a8\"> </span><span class=\"ls2\">\u2013<span class=\"_ _96\"> </span><span class=\"ls20 ws19\">23<span class=\"_ _0\"></span>3,4<span class=\"_ _0\"></span>86<span class=\"_ _b4\"> </span>233,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>86<span class=\"_ _e7\"> </span></span>\u2013<span class=\"_ _363\"> </span></span>Lease receivables*<span class=\"_ _65\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _77\"> </span><span class=\"lsdd ws3b\">1,<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>3<span class=\"_ _60\"> </span>1,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>3<span class=\"_ _128\"> </span></span>\u2013<span class=\"_ _363\"> </span></span>Cash an<span class=\"_ _0\"></span>d cash e<span class=\"_ _0\"></span>quiva<span class=\"_ _0\"></span>lents*<span class=\"_ _1be\"> </span><span class=\"ls2\">\u2013<span class=\"_ _a1\"> </span><span class=\"lsc0 ws9a\">8<span class=\"_ _0\"></span>44,663<span class=\"_ _a1\"> </span>8<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>4,663<span class=\"_ _114\"> </span></span>\u2013<span class=\"_ _363\"> </span></span>12<span class=\"_ _0\"></span>6<span class=\"_ _1af\"> </span><span class=\"lsdd ws3b\">1,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>2<span class=\"_ _9d\"> </span>1,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>8<span class=\"_ _128\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span></span>Fore<span class=\"_ _0\"></span>ign cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy for<span class=\"_ _0\"></span>ward<span class=\"_ _0\"></span>s<span class=\"_ _21e\"> </span><span class=\"lse4 wsdc\">(8)<span class=\"_ _8b\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _1c1\"> </span><span class=\"lse4 wsdc\">(8)<span class=\"_ _f4\"> </span>(8)<span class=\"_ _363\"> </span></span></span>Euro ban<span class=\"_ _0\"></span>k loans<span class=\"_ _240\"> </span><span class=\"ls2\">\u2013<span class=\"_ _2f\"> </span><span class=\"lsc0 ws9a\">(1<span class=\"_ _2\"></span>22,<span class=\"_ _2\"></span>729<span class=\"_ _2\"></span>)<span class=\"_ _10d\"> </span>(1<span class=\"_ _2\"></span>22,<span class=\"_ _2\"></span>729<span class=\"_ _2\"></span>)<span class=\"_ _1af\"> </span><span class=\"ls20 ws19\">(1<span class=\"_ _2\"></span>23,01<span class=\"_ _2\"></span>7)<span class=\"_ _363\"> </span></span></span></span>US se<span class=\"_ _0\"></span>nior n<span class=\"_ _0\"></span>otes<span class=\"_ _13e\"> </span><span class=\"ls2\">\u2013<span class=\"_ _1ed\"> </span><span class=\"lse0 wsd7\">(<span class=\"_ _3\"></span>13<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _10d\"> </span>(<span class=\"_ _0\"></span>13<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _1af\"> </span>(<span class=\"_ _0\"></span>13<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _34\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span>Lease liabi<span class=\"_ _2\"></span>lities<span class=\"_ _1b6\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _92\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>4)<span class=\"_ _9d\"> </span>(4<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>4)<span class=\"_ _22\"> </span></span>\u2013<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r payable<span class=\"_ _0\"></span>s*<span class=\"_ _210\"> </span><span class=\"ls2\">\u2013<span class=\"_ _21\"> </span><span class=\"lsdf wsd6\">(<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>,111<span class=\"_ _0\"></span>)<span class=\"_ _a1\"> </span>(<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>19<span class=\"_ _3\"></span>,111<span class=\"_ _0\"></span>)<span class=\"_ _8a\"> </span></span>\u2013<span class=\"_ _363\"> </span></span>(8)<span class=\"_ _c3\"> </span><span class=\"ls132 ws146\">(<span class=\"_ _3\"></span>1,12<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>)<span class=\"_ _98\"> </span><span class=\"ls14e ws15e\">(<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,12<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>74<span class=\"_ _34\"></span>4<span class=\"_ _3\"></span>)<span class=\"_ _44\"> </span><span class=\"ls14 wsb9\">(25<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>,473)<span class=\"_ _363\"> </span></span></span></span>*  <span class=\"_ _32\"> </span>T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p has n<span class=\"_ _0\"></span>ot dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d the f<span class=\"_ _0\"></span>air va<span class=\"_ _0\"></span>lue<span class=\"_ _0\"></span>s of f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts s<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>h as sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t te<span class=\"_ _0\"></span>rm re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d paya<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>use t<span class=\"_ _0\"></span>hei<span class=\"_ _0\"></span>r ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e clo<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ly ap<span class=\"_ _0\"></span>prox<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>s fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Fair<span class=\"_ _2\"></span> Value<span class=\"_ _363\"> </span>A numb<span class=\"_ _0\"></span>er of the G<span class=\"_ _0\"></span>roup\u2019s ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nting p<span class=\"_ _0\"></span>olici<span class=\"_ _0\"></span>es and d<span class=\"_ _0\"></span>isclo<span class=\"_ _0\"></span>sures re<span class=\"_ _0\"></span>quire th<span class=\"_ _0\"></span>e deter<span class=\"_ _0\"></span>minat<span class=\"_ _0\"></span>ion of fair va<span class=\"_ _0\"></span>lue, for b<span class=\"_ _0\"></span>oth f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial and n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial as<span class=\"_ _0\"></span>sets<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>and liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es. S<span class=\"_ _0\"></span>et o<span class=\"_ _0\"></span>ut be<span class=\"_ _0\"></span>low is an ana<span class=\"_ _0\"></span>lysis of f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ents c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d at fair valu<span class=\"_ _0\"></span>e, by valuat<span class=\"_ _0\"></span>ion m<span class=\"_ _0\"></span>etho<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nt leve<span class=\"_ _0\"></span>ls in the fa<span class=\"_ _0\"></span>ir value<span class=\"_ _0\"></span> hier<span class=\"_ _0\"></span>archy have b<span class=\"_ _0\"></span>een d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ined a<span class=\"_ _0\"></span>s follows:<span class=\"_ _363\"> </span>Level 1<span class=\"_ _4\"></span>: quoted (unadjus<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>) pric<span class=\"_ _0\"></span>es in ac<span class=\"_ _0\"></span>tive m<span class=\"_ _0\"></span>arkets fo<span class=\"_ _0\"></span>r ide<span class=\"_ _0\"></span>ntica<span class=\"_ _0\"></span>l assets o<span class=\"_ _0\"></span>r liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>Level 2<span class=\"_ _0\"></span>: inpu<span class=\"_ _0\"></span>ts othe<span class=\"_ _0\"></span>r tha<span class=\"_ _0\"></span>n quoted pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d with<span class=\"_ _0\"></span>in level 1 t<span class=\"_ _0\"></span>hat are o<span class=\"_ _0\"></span>bser<span class=\"_ _3\"></span>vable, e<span class=\"_ _0\"></span>ith<span class=\"_ _0\"></span>er dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y or ind<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>tly. Level 3: i<span class=\"_ _0\"></span>nput<span class=\"_ _0\"></span>s that are n<span class=\"_ _0\"></span>ot based o<span class=\"_ _0\"></span>n obs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le mar<span class=\"_ _0\"></span>ket data<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Fair value<span class=\"_ _0\"></span>s have be<span class=\"_ _0\"></span>en de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ined fo<span class=\"_ _0\"></span>r measu<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nt and<span class=\"_ _0\"></span>/<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>r discl<span class=\"_ _0\"></span>osure p<span class=\"_ _0\"></span>urp<span class=\"_ _0\"></span>oses b<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n the foll<span class=\"_ _0\"></span>owing me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>ds.<span class=\"_ _363\"> </span>Trade and Other R<span class=\"_ _2\"></span>eceivables/T<span class=\"_ _2\"></span>ra<span class=\"_ _0\"></span>de and Other P<span class=\"_ _2\"></span>ayables<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">For re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>les and p<span class=\"_ _0\"></span>ayable<span class=\"_ _0\"></span>s with a re<span class=\"_ _0\"></span>mainin<span class=\"_ _0\"></span>g life of less t<span class=\"_ _0\"></span>han six m<span class=\"_ _0\"></span>onths o<span class=\"_ _0\"></span>r dem<span class=\"_ _0\"></span>and bal<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span>s, fai<span class=\"_ _0\"></span>r value is t<span class=\"_ _0\"></span>he amo<span class=\"_ _0\"></span>unt that is p<span class=\"_ _0\"></span>ayable<span class=\"_ _0\"></span> </span>cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tually l<span class=\"_ _0\"></span>ess an im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>ment p<span class=\"_ _0\"></span>rovisio<span class=\"_ _0\"></span>n whe<span class=\"_ _0\"></span>re appro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate.<span class=\"_ _363\"> </span>Cash and<span class=\"_ _2\"></span> Cash Equivalents,<span class=\"_ _2\"></span> Inclu<span class=\"_ _0\"></span>ding Short T<span class=\"_ _2\"></span>erm Bank<span class=\"_ _4\"></span> Deposits<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">For s<span class=\"_ _0\"></span>hor<span class=\"_ _3\"></span>t term ban<span class=\"_ _0\"></span>k dep<span class=\"_ _0\"></span>osit<span class=\"_ _0\"></span>s and cas<span class=\"_ _0\"></span>h and c<span class=\"_ _0\"></span>ash equi<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nts, all of wh<span class=\"_ _0\"></span>ich have a re<span class=\"_ _0\"></span>maining m<span class=\"_ _0\"></span>aturi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of less th<span class=\"_ _0\"></span>an thre<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>nths<span class=\"_ _0\"></span>, the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying </span>amou<span class=\"_ _0\"></span>nt is a reaso<span class=\"_ _0\"></span>nable a<span class=\"_ _0\"></span>pproxim<span class=\"_ _0\"></span>ation of fai<span class=\"_ _0\"></span>r value. At 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>, \u00a34.0 mill<span class=\"_ _0\"></span>ion of cas<span class=\"_ _0\"></span>h (2021<span class=\"_ _2\"></span>: \u00a34.0 mill<span class=\"_ _0\"></span>ion) is retaine<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e event of <span class=\"ls2\"> </span>a defaul<span class=\"_ _0\"></span>t by the Gro<span class=\"_ _0\"></span>up on a l<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ter of cred<span class=\"_ _0\"></span>it. T<span class=\"_ _0\"></span>his ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent ca<span class=\"_ _0\"></span>n be rep<span class=\"_ _0\"></span>lace<span class=\"_ _0\"></span>d at any tim<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Other Financial A<span class=\"_ _2\"></span>ssets<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n of the Gro<span class=\"_ _0\"></span>up\u2019s fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al asset<span class=\"_ _0\"></span>s are co<span class=\"_ _0\"></span>mpri<span class=\"_ _0\"></span>sed of invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts that d<span class=\"_ _0\"></span>o not have a quoted m<span class=\"_ _0\"></span>arket p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>e in an ac<span class=\"_ _0\"></span>tive ma<span class=\"_ _0\"></span>rket and w<span class=\"_ _0\"></span>hose f<span class=\"_ _0\"></span>air </span>value c<span class=\"_ _0\"></span>annot b<span class=\"_ _0\"></span>e reliab<span class=\"_ _0\"></span>ly me<span class=\"_ _0\"></span>asured<span class=\"_ _0\"></span>. Su<span class=\"_ _0\"></span>ch invest<span class=\"_ _0\"></span>ments a<span class=\"_ _0\"></span>re measu<span class=\"_ _0\"></span>red at c<span class=\"_ _0\"></span>ost le<span class=\"_ _0\"></span>ss provisi<span class=\"_ _0\"></span>on for i<span class=\"_ _0\"></span>mpair<span class=\"_ _0\"></span>ment w<span class=\"_ _0\"></span>here a<span class=\"_ _0\"></span>pprop<span class=\"_ _0\"></span>riate and a<span class=\"_ _0\"></span>pplic<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Derivativ<span class=\"_ _2\"></span>e Instruments (<span class=\"_ _2\"></span>Interest R<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>te Swaps<span class=\"_ _2\"></span> &amp; Foreign<span class=\"_ _2\"></span> Currency F<span class=\"_ _2\"></span>or<span class=\"_ _0\"></span>wards<span class=\"_ _2\"></span>)<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>es of interest r<span class=\"_ _0\"></span>ate swaps and fore<span class=\"_ _0\"></span>ign cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>ncy for<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rds are cal<span class=\"_ _0\"></span>culate<span class=\"_ _0\"></span>d as the pre<span class=\"_ _0\"></span>sent val<span class=\"_ _0\"></span>ue of the e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>d fut<span class=\"_ _0\"></span>ure cash f<span class=\"_ _0\"></span>lows b<span class=\"_ _0\"></span>ased<span class=\"_ _0\"></span> </span>on th<span class=\"_ _0\"></span>e terms a<span class=\"_ _0\"></span>nd matur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of each c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ract a<span class=\"_ _0\"></span>nd using t<span class=\"_ _0\"></span>he sp<span class=\"_ _0\"></span>ot, for<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y rates and ma<span class=\"_ _0\"></span>rket intere<span class=\"_ _0\"></span>st rates as ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>able for a s<span class=\"_ _0\"></span>imilar<span class=\"_ _0\"></span> instr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt at the m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt date. Fair value<span class=\"_ _0\"></span>s ref<span class=\"_ _0\"></span>lec<span class=\"_ _0\"></span>t the c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t risk of th<span class=\"_ _0\"></span>e instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent and in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts to take acc<span class=\"_ _0\"></span>ount of th<span class=\"_ _0\"></span>e cred<span class=\"_ _0\"></span>it risk of th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p entit<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d cou<span class=\"_ _0\"></span>nterpa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y whe<span class=\"_ _0\"></span>re appro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iate.<span class=\"_ _363\"> </span>Interest Bearing<span class=\"_ _2\"></span> Loans and Borrowings<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">For f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ating r<span class=\"_ _0\"></span>ate interest be<span class=\"_ _0\"></span>arin<span class=\"_ _0\"></span>g loans a<span class=\"_ _0\"></span>nd bo<span class=\"_ _0\"></span>rrowin<span class=\"_ _0\"></span>gs wit<span class=\"_ _0\"></span>h a cont<span class=\"_ _0\"></span>ractu<span class=\"_ _0\"></span>al repr<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ng date of less t<span class=\"_ _0\"></span>han six m<span class=\"_ _0\"></span>onths<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e nomi<span class=\"_ _0\"></span>nal amo<span class=\"_ _0\"></span>unt is de<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ed </span>to refle<span class=\"_ _0\"></span>ct fa<span class=\"_ _0\"></span>ir value. F<span class=\"_ _0\"></span>or lo<span class=\"_ _0\"></span>ans wit<span class=\"_ _0\"></span>h repr<span class=\"_ _0\"></span>icin<span class=\"_ _0\"></span>g dates of greater t<span class=\"_ _0\"></span>han six m<span class=\"_ _0\"></span>onths<span class=\"_ _0\"></span>, the f<span class=\"_ _0\"></span>air value is c<span class=\"_ _0\"></span>alcu<span class=\"_ _0\"></span>lated base<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he pres<span class=\"_ _0\"></span>ent valu<span class=\"_ _0\"></span>e of the exp<span class=\"_ _0\"></span>ecte<span class=\"_ _0\"></span>d fut<span class=\"_ _0\"></span>ure pri<span class=\"_ _0\"></span>ncip<span class=\"_ _0\"></span>al and intere<span class=\"_ _0\"></span>st cash f<span class=\"_ _0\"></span>lows dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nted at interes<span class=\"_ _0\"></span>t rates ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive at th<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce sh<span class=\"_ _0\"></span>eet d<span class=\"_ _0\"></span>ate and adjus<span class=\"_ _0\"></span>ted for cre<span class=\"_ _0\"></span>dit sp<span class=\"_ _0\"></span>read.<span class=\"_ _363\"> </span>21. <span class=\"_ _1f2\"> </span>Financial Instruments and Financial R<span class=\"_ _4\"></span>isk<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e following t<span class=\"_ _0\"></span>able s<span class=\"_ _0\"></span>hows the f<span class=\"_ _0\"></span>air value<span class=\"_ _0\"></span>s of fina<span class=\"_ _0\"></span>ncial as<span class=\"_ _0\"></span>sets a<span class=\"_ _0\"></span>nd liabil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s inclu<span class=\"_ _0\"></span>ding th<span class=\"_ _0\"></span>eir l<span class=\"_ _0\"></span>evel in th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e hie<span class=\"_ _0\"></span>rarchy, which are c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d Level 2<span class=\"_ _0\"></span>. It do<span class=\"_ _0\"></span>es not in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e inform<span class=\"_ _0\"></span>ation fo<span class=\"_ _0\"></span>r fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al asset<span class=\"_ _0\"></span>s and f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es not me<span class=\"_ _0\"></span>asured at fa<span class=\"_ _0\"></span>ir value i<span class=\"_ _0\"></span>f the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying am<span class=\"_ _0\"></span>ount is a<span class=\"_ _0\"></span> reason<span class=\"_ _0\"></span>able a<span class=\"_ _0\"></span>pproximat<span class=\"_ _0\"></span>ion of fair va<span class=\"_ _0\"></span>lue. D<span class=\"_ _0\"></span>efer<span class=\"_ _0\"></span>red c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>on is cl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>ied as L<span class=\"_ _0\"></span>evel 3.<span class=\"_ _363\"> </span>2022 T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>Lev<span class=\"_ _0\"></span>el 2 \u00a3\u2019000<span class=\"_ _363\"> </span>Liabilities measured<span class=\"_ _4\"></span> and recognised at fair<span class=\"_ _2\"></span> value<span class=\"_ _363\"> </span>Des<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>s he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>Ot<span class=\"_ _0\"></span>her d<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ivative i<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts<span class=\"_ _218\"> </span><span class=\"ff83 ls35 ws2b\">(2<span class=\"_ _0\"></span>9)<span class=\"_ _c1\"> </span>(<span class=\"_ _0\"></span>29)<span class=\"_ _363\"> </span></span>Liabilities not<span class=\"_ _2\"></span> measure<span class=\"_ _0\"></span>d at f<span class=\"_ _4\"></span>air value<span class=\"_ _363\"> </span>Li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s at a<span class=\"_ _0\"></span>mor<span class=\"_ _3\"></span>tise<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>st<span class=\"_ _363\"> </span>US se<span class=\"_ _0\"></span>nior n<span class=\"_ _0\"></span>otes<span class=\"_ _24e\"> </span><span class=\"ff83 ls1a ws7d\">(1<span class=\"_ _2\"></span>26<span class=\"_ _0\"></span>,605<span class=\"_ _0\"></span>)<span class=\"_ _2b\"> </span>(1<span class=\"_ _2\"></span>26,6<span class=\"_ _0\"></span>05)<span class=\"_ _363\"> </span></span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Lev<span class=\"_ _0\"></span>el 2<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Liabilities measured<span class=\"_ _4\"></span> and recognised at fair<span class=\"_ _2\"></span> value<span class=\"_ _363\"> </span>Des<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>s he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>Ot<span class=\"_ _0\"></span>her d<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ivative i<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts<span class=\"_ _2ab\"> </span><span class=\"lse4 wsdc\">(8)<span class=\"_ _f4\"> </span>(8)<span class=\"_ _363\"> </span></span>Liabilities not<span class=\"_ _2\"></span> measure<span class=\"_ _0\"></span>d at f<span class=\"_ _4\"></span>air value<span class=\"_ _363\"> </span>Li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s at a<span class=\"_ _0\"></span>mor<span class=\"_ _3\"></span>tise<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>st<span class=\"_ _363\"> </span>US se<span class=\"_ _0\"></span>nior n<span class=\"_ _0\"></span>otes<span class=\"_ _11c\"> </span><span class=\"lse0 wsd7\">(<span class=\"_ _0\"></span>13<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _34\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _1af\"> </span>(<span class=\"_ _0\"></span>13<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _34\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span>Level<span class=\"_ _2\"></span> 2 Fair V<span class=\"_ _2\"></span>alues<span class=\"_ _363\"> </span>Ty<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>e<span class=\"_ _2ac\"> </span><span class=\"ls11f ws11d\">Valuation<span class=\"_ _2\"></span> technique<span class=\"_ _2ad\"> </span><span class=\"lsf6 wsef\">Significant unobservable inputs<span class=\"_ _363\"> </span></span></span>Inter-relationship between k<span class=\"_ _2\"></span>ey un<span class=\"_ _0\"></span>ob<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d fa<span class=\"_ _0\"></span>ir va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e measurement<span class=\"_ _363\"> </span>Financial assets and l<span class=\"_ _4\"></span>iabilities measured<span class=\"_ _2\"></span> a<span class=\"_ _0\"></span>t fair<span class=\"_ _2\"></span> value Fore<span class=\"_ _0\"></span>ign cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy for<span class=\"_ _0\"></span>ward<span class=\"_ _0\"></span>s<span class=\"_ _1b\"> </span>T<span class=\"_ _0\"></span>he fair v<span class=\"_ _0\"></span>alue of forei<span class=\"_ _0\"></span>gn cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y for<span class=\"_ _0\"></span>wards is c<span class=\"_ _0\"></span>alcul<span class=\"_ _0\"></span>ated as the<span class=\"_ _0\"></span> prese<span class=\"_ _0\"></span>nt value of t<span class=\"_ _0\"></span>he est<span class=\"_ _0\"></span>imated futu<span class=\"_ _0\"></span>re cashf<span class=\"_ _0\"></span>lows bas<span class=\"_ _0\"></span>ed on<span class=\"_ _0\"></span> obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>e yie<span class=\"_ _0\"></span>ld cur<span class=\"_ _3\"></span>ves, sp<span class=\"_ _0\"></span>ot and for<span class=\"_ _0\"></span>ward cu<span class=\"_ _0\"></span>rren<span class=\"_ _0\"></span>cy rates<span class=\"_ _363\"> </span>Not applicable<span class=\"_ _2ae\"> </span>Not applicable<span class=\"_ _363\"> </span>Financial assets and l<span class=\"_ _4\"></span>iabilities not<span class=\"_ _2\"></span> hel<span class=\"_ _0\"></span>d at<span class=\"_ _4\"></span> fair value<span class=\"_ _363\"> </span>Other financial li<span class=\"_ _4\"></span>abilitie<span class=\"_ _4\"></span>s*<span class=\"_ _d0\"> </span><span class=\"ls0 ws0\">D<span class=\"_ _0\"></span>isc<span class=\"_ _0\"></span>ounted c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows<span class=\"_ _8b\"> </span><span class=\"lsc ws10\">Not applicable<span class=\"_ _2ae\"> </span>Not applicable<span class=\"_ _363\"> </span></span></span>*  <span class=\"_ _32\"> </span>O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e Euro b<span class=\"_ _0\"></span>ank l<span class=\"_ _0\"></span>oa<span class=\"_ _0\"></span>ns an<span class=\"_ _0\"></span>d US se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or no<span class=\"_ _0\"></span>tes.<span class=\"_ _363\"> </span>Level<span class=\"_ _2\"></span> 3 Fair V<span class=\"_ _2\"></span>alues<span class=\"_ _363\"> </span>Ty<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>e<span class=\"_ _2ac\"> </span><span class=\"ls11f ws11d\">Valuation<span class=\"_ _2\"></span> technique<span class=\"_ _2ad\"> </span><span class=\"lsf6 wsef\">Significant unobservable inputs<span class=\"_ _363\"> </span></span></span>Inter-relationship between k<span class=\"_ _2\"></span>ey un<span class=\"_ _0\"></span>ob<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d fa<span class=\"_ _0\"></span>ir va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e measurement<span class=\"_ _363\"> </span>Financial assets and l<span class=\"_ _4\"></span>iabilities measured<span class=\"_ _2\"></span> a<span class=\"_ _0\"></span>t fair<span class=\"_ _2\"></span> value Deferred<span class=\"_ _2\"></span> consideration<span class=\"_ _f5\"> </span><span class=\"ls0 ws0\">T<span class=\"_ _0\"></span>he fair v<span class=\"_ _0\"></span>alue of defe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d </span>cons<span class=\"_ _0\"></span>ider<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n is calc<span class=\"_ _0\"></span>ulated assumi<span class=\"_ _0\"></span>ng a prob<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>y of payo<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h will be bas<span class=\"_ _0\"></span>ed on a<span class=\"_ _0\"></span>chie<span class=\"_ _0\"></span>veme<span class=\"_ _0\"></span>nt of EBI<span class=\"_ _0\"></span>TDA t<span class=\"_ _0\"></span>arget<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d disco<span class=\"_ _0\"></span>unted to present v<span class=\"_ _0\"></span>alue usi<span class=\"_ _0\"></span>ng mar<span class=\"_ _0\"></span>ket der<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>d disco<span class=\"_ _0\"></span>unt rates. T<span class=\"_ _0\"></span>he fa<span class=\"_ _0\"></span>ir value<span class=\"_ _0\"></span> assum<span class=\"_ _0\"></span>es achi<span class=\"_ _0\"></span>evem<span class=\"_ _0\"></span>ent of targ<span class=\"_ _0\"></span>ets but is s<span class=\"_ _0\"></span>ensit<span class=\"_ _0\"></span>ive to chan<span class=\"_ _0\"></span>ge in th<span class=\"_ _0\"></span>e assessed probability of achieving targets. Not applicable<span class=\"_ _2ae\"> </span>Not applicable<span class=\"_ _363\"> </span>21. <span class=\"_ _1f2\"> </span>Financial Instruments and Financial R<span class=\"_ _4\"></span>isk<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Risk Exposure<span class=\"_ _2\"></span>s and Group Treasury Polic<span class=\"_ _4\"></span>y<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group\u2019s op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ions e<span class=\"_ _0\"></span>xpo<span class=\"_ _0\"></span>se it to var<span class=\"_ _0\"></span>ious f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial r<span class=\"_ _0\"></span>isks th<span class=\"_ _0\"></span>at inclu<span class=\"_ _0\"></span>de cre<span class=\"_ _0\"></span>dit r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>, liqui<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>y ris<span class=\"_ _0\"></span>k, c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>rency r<span class=\"_ _0\"></span>isk an<span class=\"_ _0\"></span>d interest r<span class=\"_ _0\"></span>ate risk<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Group<span class=\"_ _0\"></span>\u2019s treasu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y pol<span class=\"_ _0\"></span>icie<span class=\"_ _0\"></span>s, whi<span class=\"_ _0\"></span>ch are re<span class=\"_ _0\"></span>gular<span class=\"_ _0\"></span>ly rev<span class=\"_ _0\"></span>iewe<span class=\"_ _0\"></span>d, are d<span class=\"_ _0\"></span>esign<span class=\"_ _0\"></span>ed to red<span class=\"_ _0\"></span>uce f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial r<span class=\"_ _0\"></span>isk in a c<span class=\"_ _0\"></span>ost-<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ent way. A limited num<span class=\"_ _0\"></span>ber of fore<span class=\"_ _0\"></span>ign cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy spot c<span class=\"_ _0\"></span>ontra<span class=\"_ _0\"></span>cts<span class=\"_ _0\"></span>, foreig<span class=\"_ _0\"></span>n exchan<span class=\"_ _0\"></span>ge swaps<span class=\"_ _0\"></span>, forei<span class=\"_ _0\"></span>gn cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y for<span class=\"_ _0\"></span>wards a<span class=\"_ _0\"></span>nd interest r<span class=\"_ _0\"></span>ate swaps are und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aken pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>odic<span class=\"_ _0\"></span>ally to he<span class=\"_ _0\"></span>dge u<span class=\"_ _0\"></span>nder<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing interes<span class=\"_ _0\"></span>t rate, fair valu<span class=\"_ _0\"></span>e and c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>ncy e<span class=\"_ _0\"></span>xpos<span class=\"_ _0\"></span>ures and i<span class=\"_ _0\"></span>t is Bo<span class=\"_ _0\"></span>ard po<span class=\"_ _0\"></span>licy to man<span class=\"_ _0\"></span>age th<span class=\"_ _0\"></span>ese r<span class=\"_ _0\"></span>isks in a no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-s<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>culati<span class=\"_ _0\"></span>ve mann<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group h<span class=\"_ _0\"></span>as exp<span class=\"_ _0\"></span>osure to the fo<span class=\"_ _0\"></span>llowing r<span class=\"_ _0\"></span>isks fro<span class=\"_ _0\"></span>m its us<span class=\"_ _0\"></span>e of fin<span class=\"_ _0\"></span>ancia<span class=\"_ _0\"></span>l instr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Cre<span class=\"_ _0\"></span>dit ri<span class=\"_ _0\"></span>sk;<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"lsc ws10\">Liquidit<span class=\"_ _0\"></span>y risk;<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y risk<span class=\"_ _0\"></span>; an<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Interest r<span class=\"_ _0\"></span>ate risk<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span></span>Risk Exposure<span class=\"_ _2\"></span>s and Group Treasury Polic<span class=\"_ _4\"></span>y<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e manne<span class=\"_ _0\"></span>r in whi<span class=\"_ _0\"></span>ch the G<span class=\"_ _0\"></span>roup is e<span class=\"_ _0\"></span>xpo<span class=\"_ _0\"></span>sed to eac<span class=\"_ _0\"></span>h of thes<span class=\"_ _0\"></span>e risks a<span class=\"_ _0\"></span>nd the r<span class=\"_ _0\"></span>isk ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>ment p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>ies ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d are discu<span class=\"_ _0\"></span>ssed b<span class=\"_ _0\"></span>elow. Th<span class=\"_ _0\"></span>e Boa<span class=\"_ _0\"></span>rd of Dire<span class=\"_ _0\"></span>ctors h<span class=\"_ _0\"></span>as the ove<span class=\"_ _0\"></span>rall resp<span class=\"_ _0\"></span>onsib<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y for th<span class=\"_ _0\"></span>e esta<span class=\"_ _0\"></span>blishm<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d oversig<span class=\"_ _0\"></span>ht of the Gro<span class=\"_ _0\"></span>up\u2019s risk m<span class=\"_ _0\"></span>anage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt fram<span class=\"_ _0\"></span>ewor<span class=\"_ _0\"></span>k. T<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>oard is re<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>nsible<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>for deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>ing and m<span class=\"_ _0\"></span>onito<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up\u2019s risk ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>ment p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. The B<span class=\"_ _0\"></span>oa<span class=\"_ _0\"></span>rd and th<span class=\"_ _0\"></span>e Audit a<span class=\"_ _0\"></span>nd Risk C<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>tee have rev<span class=\"_ _0\"></span>iewe<span class=\"_ _0\"></span>d the pro<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ss for ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng, ev<span class=\"_ _0\"></span>aluatin<span class=\"_ _0\"></span>g and man<span class=\"_ _0\"></span>aging t<span class=\"_ _0\"></span>he sign<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>cant r<span class=\"_ _0\"></span>isks af<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e busin<span class=\"_ _0\"></span>ess.<span class=\"_ _363\"> </span>Credit Risk<span class=\"_ _363\"> </span>Credi<span class=\"_ _0\"></span>t risk a<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>s from c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t grante<span class=\"_ _0\"></span>d to custome<span class=\"_ _0\"></span>rs. C<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t risk als<span class=\"_ _0\"></span>o aris<span class=\"_ _0\"></span>es on c<span class=\"_ _0\"></span>ash and c<span class=\"_ _0\"></span>ash equ<span class=\"_ _0\"></span>ivale<span class=\"_ _0\"></span>nts, d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>vative f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial i<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts and c<span class=\"_ _0\"></span>ash and de<span class=\"_ _0\"></span>posi<span class=\"_ _0\"></span>ts wit<span class=\"_ _0\"></span>h banks a<span class=\"_ _0\"></span>nd f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial inst<span class=\"_ _0\"></span>itut<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>E<span class=\"_ _0\"></span>xpo<span class=\"_ _0\"></span>sure to cre<span class=\"_ _0\"></span>dit ri<span class=\"_ _0\"></span>sk is mon<span class=\"_ _0\"></span>itored o<span class=\"_ _0\"></span>n an on<span class=\"_ _0\"></span>goin<span class=\"_ _0\"></span>g basis. T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s exp<span class=\"_ _0\"></span>osure to cu<span class=\"_ _0\"></span>stome<span class=\"_ _0\"></span>r cred<span class=\"_ _0\"></span>it ris<span class=\"_ _0\"></span>k is diver<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied ove<span class=\"_ _0\"></span>r a large c<span class=\"_ _0\"></span>ustom<span class=\"_ _0\"></span>er base<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>and th<span class=\"_ _0\"></span>e inci<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ce of defaul<span class=\"_ _0\"></span>t by custo<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s is tightl<span class=\"_ _0\"></span>y manag<span class=\"_ _0\"></span>ed by B<span class=\"_ _0\"></span>usines<span class=\"_ _0\"></span>s Unit c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>rol teams<span class=\"_ _0\"></span>. Cre<span class=\"_ _0\"></span>dit insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e is in plac<span class=\"_ _0\"></span>e, sub<span class=\"_ _0\"></span>jec<span class=\"_ _0\"></span>t to annual renewa<span class=\"_ _0\"></span>l, to cover m<span class=\"_ _0\"></span>ajor ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ures in th<span class=\"_ _0\"></span>e UK an<span class=\"_ _0\"></span>d Irish m<span class=\"_ _0\"></span>ercha<span class=\"_ _0\"></span>nting bu<span class=\"_ _0\"></span>sines<span class=\"_ _0\"></span>ses. C<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t evaluat<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>re per<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>d reg<span class=\"_ _0\"></span>ular<span class=\"_ _0\"></span>ly. New custom<span class=\"_ _0\"></span>ers are<span class=\"_ _0\"></span> subje<span class=\"_ _0\"></span>ct to init<span class=\"_ _0\"></span>ial cre<span class=\"_ _0\"></span>dit c<span class=\"_ _0\"></span>hec<span class=\"_ _0\"></span>ks that in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e tra<span class=\"_ _0\"></span>de and ba<span class=\"_ _0\"></span>nk refere<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s and are g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>rally su<span class=\"_ _0\"></span>bjec<span class=\"_ _0\"></span>t to restr<span class=\"_ _0\"></span>icte<span class=\"_ _0\"></span>d cred<span class=\"_ _0\"></span>it limi<span class=\"_ _0\"></span>ts pri<span class=\"_ _0\"></span>or to deve<span class=\"_ _0\"></span>lopi<span class=\"_ _0\"></span>ng a <span class=\"ls2\"> </span>cred<span class=\"_ _0\"></span>it histor<span class=\"_ _3\"></span>y<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>Due to t<span class=\"_ _0\"></span>he est<span class=\"_ _0\"></span>ablish<span class=\"_ _0\"></span>ed natu<span class=\"_ _0\"></span>re of the busi<span class=\"_ _0\"></span>ness<span class=\"_ _0\"></span>es, a hi<span class=\"_ _0\"></span>gh pro<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>tion of cus<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs have lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-s<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>ing tra<span class=\"_ _0\"></span>ding rel<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>ships wi<span class=\"_ _0\"></span>th Grou<span class=\"_ _0\"></span>p co<span class=\"_ _0\"></span>mpani<span class=\"_ _0\"></span>es.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>ese es<span class=\"_ _0\"></span>tablish<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>ustome<span class=\"_ _0\"></span>rs are rev<span class=\"_ _0\"></span>iewe<span class=\"_ _0\"></span>d regul<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y for fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial stre<span class=\"_ _0\"></span>ngt<span class=\"_ _0\"></span>h and th<span class=\"_ _0\"></span>e app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>iatenes<span class=\"_ _0\"></span>s of their c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t limit<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group e<span class=\"_ _0\"></span>stab<span class=\"_ _0\"></span>lishes a p<span class=\"_ _0\"></span>rovisio<span class=\"_ _0\"></span>n for imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ent th<span class=\"_ _0\"></span>at repres<span class=\"_ _0\"></span>ents i<span class=\"_ _0\"></span>ts esti<span class=\"_ _0\"></span>mate of losse<span class=\"_ _0\"></span>s in resp<span class=\"_ _0\"></span>ect of t<span class=\"_ _0\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r rec<span class=\"_ _0\"></span>eivab<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e main com<span class=\"_ _0\"></span>pon<span class=\"_ _0\"></span>ents of thi<span class=\"_ _0\"></span>s provisi<span class=\"_ _0\"></span>on are a sp<span class=\"_ _0\"></span>eci<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>c loss c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nt that re<span class=\"_ _0\"></span>late to indivi<span class=\"_ _0\"></span>duall<span class=\"_ _0\"></span>y signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant exp<span class=\"_ _0\"></span>osure<span class=\"_ _0\"></span>s and a c<span class=\"_ _0\"></span>olle<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve loss c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nt esta<span class=\"_ _0\"></span>blishe<span class=\"_ _0\"></span>d for gro<span class=\"_ _0\"></span>ups of simila<span class=\"_ _0\"></span>r asset<span class=\"_ _0\"></span>s in resp<span class=\"_ _0\"></span>ect of l<span class=\"_ _0\"></span>osses t<span class=\"_ _0\"></span>hat have be<span class=\"_ _0\"></span>en in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>red bu<span class=\"_ _0\"></span>t not yet i<span class=\"_ _0\"></span>dent<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ed.<span class=\"_ _363\"> </span>Cash an<span class=\"_ _0\"></span>d sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t ter<span class=\"_ _0\"></span>m bank de<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>its are inves<span class=\"_ _0\"></span>ted wit<span class=\"_ _0\"></span>h a rang<span class=\"_ _0\"></span>e of banks<span class=\"_ _0\"></span>, all wit<span class=\"_ _0\"></span>h ori<span class=\"_ _0\"></span>ginal matu<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ies of les<span class=\"_ _0\"></span>s than 3 m<span class=\"_ _0\"></span>onths at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e maxi<span class=\"_ _0\"></span>mum ex<span class=\"_ _0\"></span>posu<span class=\"_ _0\"></span>re to credi<span class=\"_ _0\"></span>t risk is re<span class=\"_ _0\"></span>prese<span class=\"_ _0\"></span>nted by th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g amo<span class=\"_ _0\"></span>unt of each f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>uding d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>vative f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts,<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>in the b<span class=\"_ _4\"></span>alance sheet.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e maxi<span class=\"_ _0\"></span>mum ex<span class=\"_ _0\"></span>posu<span class=\"_ _0\"></span>re to credi<span class=\"_ _0\"></span>t risk at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>22 a<span class=\"_ _0\"></span>nd 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 2021 was: 2022 \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r rec<span class=\"_ _0\"></span>eivab<span class=\"_ _0\"></span>les<span class=\"_ _183\"> </span><span class=\"ff83 ls146 ws155\">2<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>7,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _db\"> </span></span><span class=\"ls20 ws19\">233,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>86<span class=\"_ _363\"> </span></span>Cash an<span class=\"_ _0\"></span>d cash e<span class=\"_ _0\"></span>quiva<span class=\"_ _0\"></span>lents<span class=\"_ _1ad\"> </span><span class=\"ff83 ls33 ws29\">7<span class=\"_ _3\"></span>11<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1<span class=\"_ _b0\"> </span></span><span class=\"lsc0 ws9a\">84<span class=\"_ _0\"></span>4,663<span class=\"_ _363\"> </span></span>9<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>15<span class=\"_ _10d\"> </span><span class=\"ff84 ls14 wsb9\">1,078,1<span class=\"_ _2\"></span>49<span class=\"_ _363\"> </span></span>Addi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al discl<span class=\"_ _0\"></span>osures in r<span class=\"_ _0\"></span>elati<span class=\"_ _0\"></span>on to the Gr<span class=\"_ _0\"></span>oup\u2019s exp<span class=\"_ _0\"></span>osure to cre<span class=\"_ _0\"></span>dit r<span class=\"_ _0\"></span>isk ar<span class=\"_ _0\"></span>ising fro<span class=\"_ _0\"></span>m tra<span class=\"_ _0\"></span>de and ot<span class=\"_ _0\"></span>her re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivabl<span class=\"_ _0\"></span>es is set o<span class=\"_ _0\"></span>ut in N<span class=\"_ _0\"></span>ote 1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e maxi<span class=\"_ _0\"></span>mum ex<span class=\"_ _0\"></span>posu<span class=\"_ _0\"></span>re to credi<span class=\"_ _0\"></span>t risk for c<span class=\"_ _0\"></span>ash an<span class=\"_ _0\"></span>d cash e<span class=\"_ _0\"></span>quival<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, base<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e dom<span class=\"_ _0\"></span>icile of t<span class=\"_ _0\"></span>he pare<span class=\"_ _0\"></span>nt bank<span class=\"_ _0\"></span>, at th<span class=\"_ _0\"></span>e rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng date was:<span class=\"_ _363\"> </span>Carr<span class=\"_ _0\"></span>ying Amount<span class=\"_ _363\"> </span>2022 \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>United Kingd<span class=\"_ _0\"></span>om<span class=\"_ _22c\"> </span><span class=\"ff83 ls6b wsb\">588,348<span class=\"_ _21\"> </span></span><span class=\"ls143 ws151\">7<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>5<span class=\"_ _34\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _363\"> </span></span>Repu<span class=\"_ _0\"></span>blic of Irela<span class=\"_ _0\"></span>nd<span class=\"_ _1dc\"> </span><span class=\"ff83 ls157 ws16b\">9<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>41<span class=\"_ _5d\"> </span></span><span class=\"ls14 wsb9\">55<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>825<span class=\"_ _363\"> </span></span>Netherlands<span class=\"_ _2af\"> </span><span class=\"ff83 ls31 ws27\">10<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>5<span class=\"_ _6c\"> </span></span><span class=\"ls143 ws151\">1<span class=\"_ _0\"></span>7,<span class=\"_ _34\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>9<span class=\"_ _363\"> </span></span>Finland<span class=\"_ _2b0\"> </span><span class=\"ff83 lse7 wsb8\">14<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>17<span class=\"_ _6c\"> </span></span><span class=\"ls143 ws151\">1<span class=\"_ _0\"></span>7,<span class=\"_ _3\"></span>5<span class=\"_ _34\"> </span>3<span class=\"_ _34\"> </span>8<span class=\"_ _363\"> </span></span>Fran<span class=\"_ _0\"></span>ce<span class=\"_ _2b1\"> </span><span class=\"ff83 ls8b ws7c\">5,050<span class=\"_ _60\"> </span></span><span class=\"ls19 ws13\">5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>15<span class=\"_ _363\"> </span></span>7<span class=\"_ _3\"></span>11,<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1<span class=\"_ _b4\"> </span><span class=\"ff84 lsc0 ws9a\">8<span class=\"_ _0\"></span>44,663<span class=\"_ _363\"> </span></span>21. <span class=\"_ _1f2\"> </span>Financial Instruments and Financial R<span class=\"_ _4\"></span>isk<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e major<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of the G<span class=\"_ _0\"></span>roup\u2019s cas<span class=\"_ _0\"></span>h on de<span class=\"_ _0\"></span>posi<span class=\"_ _0\"></span>t and ca<span class=\"_ _0\"></span>sh balan<span class=\"_ _0\"></span>ces is h<span class=\"_ _0\"></span>eld wi<span class=\"_ _0\"></span>th f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial inst<span class=\"_ _0\"></span>itut<span class=\"_ _0\"></span>ions t<span class=\"_ _0\"></span>hat have an up<span class=\"_ _0\"></span>per inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt grad<span class=\"_ _0\"></span>e cre<span class=\"_ _0\"></span>dit rati<span class=\"_ _0\"></span>ng.<span class=\"_ _363\"> </span>2022 \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Gross a<span class=\"_ _0\"></span>mount<span class=\"_ _0\"></span>s of cash and c<span class=\"_ _0\"></span>ash e<span class=\"_ _0\"></span>quival<span class=\"_ _0\"></span>ents<span class=\"_ _1da\"> </span><span class=\"ff83 ls33 ws29\">7<span class=\"_ _3\"></span>11,<span class=\"_ _34\"></span>8<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>6<span class=\"_ _e9\"> </span></span><span class=\"ls143 ws151\">8<span class=\"_ _3\"></span>5<span class=\"_ _34\"></span>7,1<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>7<span class=\"_ _363\"> </span></span>Am<span class=\"_ _0\"></span>ounts s<span class=\"_ _0\"></span>et of<span class=\"_ _0\"></span>f in the b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>*<span class=\"_ _fb\"> </span><span class=\"ff83 ls3f ws36\">(<span class=\"_ _0\"></span>14<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _b0\"> </span></span><span class=\"ls89 wsd0\">(<span class=\"_ _0\"></span>12<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>3<span class=\"_ _34\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>Net am<span class=\"_ _0\"></span>ounts of c<span class=\"_ _0\"></span>ash and c<span class=\"_ _0\"></span>ash eq<span class=\"_ _0\"></span>uival<span class=\"_ _0\"></span>ents in th<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t<span class=\"_ _1c9\"> </span><span class=\"ff83 ls33 ws29\">7<span class=\"_ _3\"></span>11<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _b0\"> </span></span><span class=\"lsc0 ws9a\">8<span class=\"_ _0\"></span>44,663<span class=\"_ _363\"> </span></span>*  <span class=\"_ _32\"> </span>T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p has n<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts in p<span class=\"_ _0\"></span>lac<span class=\"_ _0\"></span>e wi<span class=\"_ _0\"></span>th B<span class=\"_ _0\"></span>ank of Ir<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>nd an<span class=\"_ _0\"></span>d HS<span class=\"_ _0\"></span>BC B<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>k wit<span class=\"_ _0\"></span>h cas<span class=\"_ _0\"></span>h bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd ove<span class=\"_ _0\"></span>rdr<span class=\"_ _0\"></span>awn po<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns be<span class=\"_ _0\"></span>ing n<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>, as a l<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>al ri<span class=\"_ _0\"></span>ght of se<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>f ex<span class=\"_ _0\"></span>ist<span class=\"_ _0\"></span>s with each bank.<span class=\"_ _363\"> </span>Foreign<span class=\"_ _2\"></span> Currency Risk<span class=\"_ _2\"></span> M<span class=\"_ _0\"></span>anagement<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>ransac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal forei<span class=\"_ _0\"></span>gn excha<span class=\"_ _0\"></span>nge r<span class=\"_ _0\"></span>isk aris<span class=\"_ _0\"></span>es fro<span class=\"_ _0\"></span>m foreig<span class=\"_ _0\"></span>n cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, asset<span class=\"_ _0\"></span>s and liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es. Gro<span class=\"_ _0\"></span>up op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ions ma<span class=\"_ _0\"></span>nage fo<span class=\"_ _0\"></span>reign e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e tradi<span class=\"_ _0\"></span>ng risk<span class=\"_ _0\"></span>s agains<span class=\"_ _0\"></span>t thei<span class=\"_ _0\"></span>r func<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cies<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e major<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of tra<span class=\"_ _0\"></span>de co<span class=\"_ _0\"></span>ndu<span class=\"_ _0\"></span>cted by th<span class=\"_ _0\"></span>e Group<span class=\"_ _0\"></span>\u2019s Irish, D<span class=\"_ _0\"></span>utch a<span class=\"_ _0\"></span>nd Fin<span class=\"_ _0\"></span>nish busi<span class=\"_ _0\"></span>nesse<span class=\"_ _0\"></span>s is in euro<span class=\"_ _0\"></span>. S<span class=\"_ _0\"></span>terlin<span class=\"_ _0\"></span>g is the pr<span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>ipal cu<span class=\"_ _0\"></span>rren<span class=\"_ _0\"></span>cy for t<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p\u2019s UK busin<span class=\"_ _0\"></span>esse<span class=\"_ _0\"></span>s. Cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy ris<span class=\"_ _0\"></span>ks are reg<span class=\"_ _0\"></span>ularl<span class=\"_ _0\"></span>y mo<span class=\"_ _0\"></span>nitore<span class=\"_ _0\"></span>d and man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>d by utilisin<span class=\"_ _0\"></span>g for<span class=\"_ _0\"></span>ward fore<span class=\"_ _0\"></span>ign cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y cont<span class=\"_ _0\"></span>ract<span class=\"_ _0\"></span>s as appro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate for set<span class=\"_ _0\"></span>tlin<span class=\"_ _0\"></span>g liabili<span class=\"_ _0\"></span>ties a<span class=\"_ _0\"></span>rising f<span class=\"_ _0\"></span>rom t<span class=\"_ _0\"></span>he purc<span class=\"_ _0\"></span>hase of go<span class=\"_ _0\"></span>ods for re<span class=\"_ _0\"></span>sale i<span class=\"_ _0\"></span>n non<span class=\"_ _0\"></span>-f<span class=\"_ _0\"></span>unc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e major<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>ons ente<span class=\"_ _0\"></span>red into by Grou<span class=\"_ _0\"></span>p enti<span class=\"_ _0\"></span>ties a<span class=\"_ _0\"></span>re den<span class=\"_ _0\"></span>ominate<span class=\"_ _0\"></span>d in fun<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>onal cu<span class=\"_ _0\"></span>rren<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s and no si<span class=\"_ _0\"></span>gnif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant leve<span class=\"_ _0\"></span>l of hedgi<span class=\"_ _0\"></span>ng is req<span class=\"_ _0\"></span>uired<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>A prop<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion of th<span class=\"_ _0\"></span>e Group<span class=\"_ _0\"></span>\u2019s net wor<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h is den<span class=\"_ _0\"></span>omin<span class=\"_ _0\"></span>ated in euro<span class=\"_ _0\"></span>. This is ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d in profi<span class=\"_ _0\"></span>t af<span class=\"_ _0\"></span>ter ta<span class=\"_ _0\"></span>x reser<span class=\"_ _3\"></span>ves retai<span class=\"_ _0\"></span>ned in e<span class=\"_ _0\"></span>uro de<span class=\"_ _0\"></span>nom<span class=\"_ _0\"></span>inated tr<span class=\"_ _0\"></span>ading<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>and f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>mpan<span class=\"_ _0\"></span>ies whi<span class=\"_ _0\"></span>ch give<span class=\"_ _0\"></span>s rise to tr<span class=\"_ _0\"></span>anslati<span class=\"_ _0\"></span>on dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es on c<span class=\"_ _0\"></span>onvers<span class=\"_ _0\"></span>ion to ster<span class=\"_ _0\"></span>ling. B<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rowing<span class=\"_ _0\"></span>s made in a n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-f<span class=\"_ _0\"></span>unc<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y are swappe<span class=\"_ _0\"></span>d into a fun<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>onal cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>ncy.<span class=\"_ _363\"> </span>Sensitivit<span class=\"_ _0\"></span>y Analysis<span class=\"_ _363\"> </span>A ten per c<span class=\"_ _0\"></span>ent st<span class=\"_ _0\"></span>reng<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>ning of th<span class=\"_ _0\"></span>e ster<span class=\"_ _0\"></span>ling excha<span class=\"_ _0\"></span>nge r<span class=\"_ _0\"></span>ate against th<span class=\"_ _0\"></span>e euro e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e rate at the b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et date woul<span class=\"_ _0\"></span>d have dec<span class=\"_ _0\"></span>rease<span class=\"_ _0\"></span>d <span class=\"ls2\"> </span>equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and prof<span class=\"_ _0\"></span>it af<span class=\"_ _0\"></span>ter ta<span class=\"_ _0\"></span>x by the a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt shown b<span class=\"_ _0\"></span>elow. This assu<span class=\"_ _0\"></span>mes t<span class=\"_ _0\"></span>hat all var<span class=\"_ _0\"></span>iable<span class=\"_ _0\"></span>s, in p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cular t<span class=\"_ _0\"></span>he resul<span class=\"_ _0\"></span>ts and f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial p<span class=\"_ _0\"></span>osit<span class=\"_ _0\"></span>ion of eac<span class=\"_ _0\"></span>h <span class=\"ls2\"> </span>euro f<span class=\"_ _0\"></span>unct<span class=\"_ _0\"></span>ional c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>rency e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d interest r<span class=\"_ _0\"></span>ates, re<span class=\"_ _0\"></span>maine<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>nstant<span class=\"_ _0\"></span>. A ten pe<span class=\"_ _0\"></span>r cent we<span class=\"_ _0\"></span>akening of th<span class=\"_ _0\"></span>e ster<span class=\"_ _0\"></span>ling exch<span class=\"_ _0\"></span>ange r<span class=\"_ _0\"></span>ate against t<span class=\"_ _0\"></span>he euro<span class=\"_ _0\"></span> exchan<span class=\"_ _0\"></span>ge rate would h<span class=\"_ _0\"></span>ave an equ<span class=\"_ _0\"></span>al and op<span class=\"_ _0\"></span>posi<span class=\"_ _0\"></span>te effe<span class=\"_ _0\"></span>ct o<span class=\"_ _0\"></span>n the am<span class=\"_ _0\"></span>ounts s<span class=\"_ _0\"></span>hown be<span class=\"_ _0\"></span>low on t<span class=\"_ _0\"></span>he basis t<span class=\"_ _0\"></span>hat all var<span class=\"_ _0\"></span>iabl<span class=\"_ _0\"></span>es remai<span class=\"_ _0\"></span>n cons<span class=\"_ _0\"></span>tant<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Equity \u00a3\u2019000<span class=\"_ _363\"> </span>Pro<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it af<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x \u00a3\u2019000<span class=\"_ _363\"> </span>31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _363\"> </span>1<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>% st<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g of s<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>g cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ncy a<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>st t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>o<span class=\"_ _a9\"> </span><span class=\"ls144 ws152\">(6<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _20\"> </span><span class=\"ls35 ws2b\">(9,<span class=\"_ _0\"></span>42<span class=\"_ _0\"></span>4)<span class=\"_ _363\"> </span></span></span>31 De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>021<span class=\"_ _363\"> </span>1<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>% stre<span class=\"_ _0\"></span>ngt<span class=\"_ _0\"></span>heni<span class=\"_ _0\"></span>ng of sterli<span class=\"_ _0\"></span>ng cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y agains<span class=\"_ _0\"></span>t the e<span class=\"_ _0\"></span>uro<span class=\"_ _243\"> </span><span class=\"ls12f ws7a\">(52<span class=\"_ _0\"></span>,9<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>4)<span class=\"_ _b0\"> </span><span class=\"ls37 ws2d\">(<span class=\"_ _0\"></span>16<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span>Hedging<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group h<span class=\"_ _0\"></span>as exp<span class=\"_ _0\"></span>osure to cha<span class=\"_ _0\"></span>nges in i<span class=\"_ _0\"></span>nterest rates o<span class=\"_ _0\"></span>n ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tain d<span class=\"_ _0\"></span>ebt ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>ments a<span class=\"_ _0\"></span>nd ca<span class=\"_ _0\"></span>n hed<span class=\"_ _0\"></span>ge an el<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt of this ri<span class=\"_ _0\"></span>sk by enter<span class=\"_ _0\"></span>ing into interes<span class=\"_ _0\"></span>t rate swaps. T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re were no c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts o<span class=\"_ _0\"></span>utst<span class=\"_ _0\"></span>andin<span class=\"_ _0\"></span>g at 31 De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 (2021<span class=\"_ _2\"></span>: \u00a3<span class=\"_ _0\"></span>Nil<span class=\"_ _0\"></span>).<span class=\"_ _363\"> </span>Interest Rate Risk<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e major<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of the G<span class=\"_ _0\"></span>roup\u2019s on<span class=\"_ _0\"></span>goin<span class=\"_ _0\"></span>g ope<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>ns are f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>rom a mi<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ture of cash g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>rated fro<span class=\"_ _0\"></span>m op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ons an<span class=\"_ _0\"></span>d bor<span class=\"_ _0\"></span>rowings<span class=\"_ _0\"></span>. Ba<span class=\"_ _0\"></span>nk bor<span class=\"_ _0\"></span>rowing<span class=\"_ _0\"></span>s are init<span class=\"_ _0\"></span>ially s<span class=\"_ _0\"></span>ecu<span class=\"_ _0\"></span>red at f<span class=\"_ _0\"></span>loat<span class=\"_ _0\"></span>ing interes<span class=\"_ _0\"></span>t rates and inte<span class=\"_ _0\"></span>rest rate r<span class=\"_ _0\"></span>isk is mon<span class=\"_ _0\"></span>itored o<span class=\"_ _0\"></span>n an on<span class=\"_ _0\"></span>goin<span class=\"_ _0\"></span>g basis. Inte<span class=\"_ _0\"></span>rest rate swaps a<span class=\"_ _0\"></span>re used to ma<span class=\"_ _0\"></span>nage inte<span class=\"_ _0\"></span>rest rate risk wh<span class=\"_ _0\"></span>en c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>ered a<span class=\"_ _0\"></span>ppro<span class=\"_ _0\"></span>priate hav<span class=\"_ _0\"></span>ing reg<span class=\"_ _0\"></span>ard to the intere<span class=\"_ _0\"></span>st rate envi<span class=\"_ _0\"></span>ronm<span class=\"_ _0\"></span>ent.<span class=\"_ _363\"> </span>In Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r 201<span class=\"_ _2\"></span>8<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>roup r<span class=\"_ _0\"></span>aised \u20ac<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>6<span class=\"_ _0\"></span>0 millio<span class=\"_ _0\"></span>n (31 Dec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: \u00a314<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>.9 milli<span class=\"_ _0\"></span>on befo<span class=\"_ _0\"></span>re cos<span class=\"_ _0\"></span>ts) through a<span class=\"_ _0\"></span>n issue of uns<span class=\"_ _0\"></span>ecu<span class=\"_ _0\"></span>red se<span class=\"_ _0\"></span>nior n<span class=\"_ _0\"></span>otes in the U<span class=\"_ _0\"></span>S Pr<span class=\"_ _0\"></span>ivate Plac<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt mar<span class=\"_ _0\"></span>ket with ten a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>welve yea<span class=\"_ _0\"></span>r maturi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s at an averag<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>xed annu<span class=\"_ _0\"></span>al cou<span class=\"_ _0\"></span>pon of 2<span class=\"_ _0\"></span>.5 per c<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d used t<span class=\"_ _0\"></span>he pro<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>eds<span class=\"_ _0\"></span> rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d to refin<span class=\"_ _0\"></span>ance e<span class=\"_ _0\"></span>xisti<span class=\"_ _0\"></span>ng de<span class=\"_ _0\"></span>bt. T<span class=\"_ _0\"></span>he issu<span class=\"_ _0\"></span>e of these n<span class=\"_ _0\"></span>otes diver<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up\u2019s sourc<span class=\"_ _0\"></span>es of fu<span class=\"_ _0\"></span>nding by re<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>enteri<span class=\"_ _0\"></span>ng the U<span class=\"_ _0\"></span>S Pr<span class=\"_ _0\"></span>ivate Plac<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt mar<span class=\"_ _0\"></span>ket, ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d the mat<span class=\"_ _0\"></span>urit<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>rofile of d<span class=\"_ _0\"></span>ebt and p<span class=\"_ _0\"></span>rovide<span class=\"_ _0\"></span>d greate<span class=\"_ _0\"></span>r cer<span class=\"_ _3\"></span>taint<span class=\"_ _0\"></span>y over th<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t of debt for an e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>tende<span class=\"_ _0\"></span>d pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d at at<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>tive rates<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Group is a<span class=\"_ _0\"></span>lso exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to interest rate r<span class=\"_ _0\"></span>isk on i<span class=\"_ _0\"></span>ts dep<span class=\"_ _0\"></span>osit<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>Cash Flow Sensitivity Anal<span class=\"_ _0\"></span>ysis for V<span class=\"_ _2\"></span>ariabl<span class=\"_ _0\"></span>e Rate Instrument<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>A redu<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n of 50 ba<span class=\"_ _0\"></span>sis point<span class=\"_ _0\"></span>s in interest r<span class=\"_ _0\"></span>ates at the re<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>ting date woul<span class=\"_ _0\"></span>d have incre<span class=\"_ _0\"></span>ased p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t before t<span class=\"_ _0\"></span>ax and e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>ty by \u00a3<span class=\"_ _0\"></span>0.6 million (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a30.6<span class=\"_ _0\"></span> million<span class=\"_ _2\"></span>) on the bas<span class=\"_ _0\"></span>is of the Gro<span class=\"_ _0\"></span>up\u2019s gross d<span class=\"_ _0\"></span>ebt of \u00a370<span class=\"_ _0\"></span>2.8 m<span class=\"_ _0\"></span>illion at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2. \u00a31<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>1 million of th<span class=\"_ _0\"></span>e gross d<span class=\"_ _0\"></span>ebt is ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ed to var<span class=\"_ _0\"></span>iable r<span class=\"_ _0\"></span>ates with t<span class=\"_ _0\"></span>he interes<span class=\"_ _0\"></span>t rate on th<span class=\"_ _0\"></span>e US se<span class=\"_ _0\"></span>nior n<span class=\"_ _0\"></span>otes of \u00a31<span class=\"_ _2\"></span>41<span class=\"_ _2\"></span>.4 milli<span class=\"_ _0\"></span>on and t<span class=\"_ _0\"></span>he imp<span class=\"_ _0\"></span>licit i<span class=\"_ _0\"></span>nterest rate o<span class=\"_ _0\"></span>n lease li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>ies of \u00a34<span class=\"_ _0\"></span>49.<span class=\"_ _0\"></span>3 million is f<span class=\"_ _0\"></span>ixe<span class=\"_ _0\"></span>d. A<span class=\"_ _0\"></span>n incre<span class=\"_ _0\"></span>ase of 50 basis p<span class=\"_ _0\"></span>oints<span class=\"_ _0\"></span>, on t<span class=\"_ _0\"></span>he sam<span class=\"_ _0\"></span>e basis<span class=\"_ _0\"></span>, would have an e<span class=\"_ _0\"></span>qual an<span class=\"_ _0\"></span>d opp<span class=\"_ _0\"></span>osite ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t.<span class=\"_ _363\"> </span>21. <span class=\"_ _1f2\"> </span>Financial Instruments and Financial R<span class=\"_ _4\"></span>isk<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Capital Management<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e capi<span class=\"_ _0\"></span>tal st<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>cture of th<span class=\"_ _0\"></span>e Group c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>s share c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al, re<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>s and ne<span class=\"_ _0\"></span>t debt<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e overall ap<span class=\"_ _0\"></span>proac<span class=\"_ _0\"></span>h is to optimi<span class=\"_ _0\"></span>se share<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der val<span class=\"_ _0\"></span>ue by leve<span class=\"_ _0\"></span>ragin<span class=\"_ _0\"></span>g the bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et to an app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>iate level h<span class=\"_ _0\"></span>aving re<span class=\"_ _0\"></span>gard to ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omic a<span class=\"_ _0\"></span>nd<span class=\"_ _363\"> </span>tradi<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>ndit<span class=\"_ _0\"></span>ions in t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up\u2019s market<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e leve<span class=\"_ _0\"></span>l of internal c<span class=\"_ _0\"></span>ash ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n, cre<span class=\"_ _0\"></span>dit c<span class=\"_ _0\"></span>ondi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns gen<span class=\"_ _0\"></span>erall<span class=\"_ _0\"></span>y and intere<span class=\"_ _0\"></span>st rates paya<span class=\"_ _0\"></span>ble.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group\u2019s c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al str<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>ure is kept und<span class=\"_ _0\"></span>er on<span class=\"_ _0\"></span>goin<span class=\"_ _0\"></span>g revie<span class=\"_ _0\"></span>w and th<span class=\"_ _0\"></span>e debt c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nt is act<span class=\"_ _0\"></span>ivel<span class=\"_ _0\"></span>y manag<span class=\"_ _0\"></span>ed wit<span class=\"_ _0\"></span>h a vie<span class=\"_ _0\"></span>w to maintaini<span class=\"_ _0\"></span>ng dive<span class=\"_ _0\"></span>rsif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span>sources of funding, sign<span class=\"_ _2\"></span>if<span class=\"_ _0\"></span>icant undrawn faci<span class=\"_ _2\"></span>lities and cash deposits.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Dire<span class=\"_ _0\"></span>ctors m<span class=\"_ _0\"></span>oni<span class=\"_ _0\"></span>tor the C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any<span class=\"_ _0\"></span>\u2019s share pr<span class=\"_ _0\"></span>ice a<span class=\"_ _0\"></span>nd may fro<span class=\"_ _0\"></span>m time to ti<span class=\"_ _0\"></span>me exerc<span class=\"_ _0\"></span>ise th<span class=\"_ _0\"></span>eir powe<span class=\"_ _0\"></span>rs to make mar<span class=\"_ _0\"></span>ket purc<span class=\"_ _0\"></span>hases of th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mpany<span class=\"_ _0\"></span>\u2019s<span class=\"_ _363\"> </span>own share<span class=\"_ _0\"></span>s, at pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e levels w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>hey c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>er to be in t<span class=\"_ _0\"></span>he bes<span class=\"_ _0\"></span>t interest<span class=\"_ _0\"></span>s of the sha<span class=\"_ _0\"></span>reho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs ge<span class=\"_ _0\"></span>nera<span class=\"_ _0\"></span>lly, a<span class=\"_ _4\"></span>f<span class=\"_ _0\"></span>ter tak<span class=\"_ _0\"></span>ing ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt of the C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any<span class=\"_ _0\"></span>\u2019s<span class=\"_ _363\"> </span>overall fina<span class=\"_ _0\"></span>ncial posi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e prin<span class=\"_ _0\"></span>cipal b<span class=\"_ _0\"></span>ank cove<span class=\"_ _0\"></span>nants are a n<span class=\"_ _0\"></span>et de<span class=\"_ _0\"></span>bt to equit<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>atio limi<span class=\"_ _0\"></span>t of 85 pe<span class=\"_ _0\"></span>r ce<span class=\"_ _0\"></span>nt, E<span class=\"_ _0\"></span>BIT<span class=\"_ _0\"></span>DA intere<span class=\"_ _0\"></span>st cove<span class=\"_ _0\"></span>r of 3 times<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h exclud<span class=\"_ _0\"></span>es intere<span class=\"_ _0\"></span>st on le<span class=\"_ _0\"></span>ase<span class=\"_ _363\"> </span>liabili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, and a m<span class=\"_ _0\"></span>inimum s<span class=\"_ _0\"></span>hareh<span class=\"_ _0\"></span>olde<span class=\"_ _0\"></span>rs\u2019 e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>ty of \u00a31<span class=\"_ _4\"></span>.0 billion at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e US notes c<span class=\"_ _0\"></span>ovenants<span class=\"_ _0\"></span>, whi<span class=\"_ _0\"></span>ch are teste<span class=\"_ _0\"></span>d on a pre<span class=\"_ _3\"></span>-IF<span class=\"_ _0\"></span>RS 1<span class=\"_ _2\"></span>6 b<span class=\"_ _0\"></span>asis, ar<span class=\"_ _0\"></span>e a net de<span class=\"_ _0\"></span>bt to equi<span class=\"_ _0\"></span>ty r<span class=\"_ _0\"></span>atio lim<span class=\"_ _0\"></span>it of 85 pe<span class=\"_ _0\"></span>r ce<span class=\"_ _0\"></span>nt, E<span class=\"_ _0\"></span>BIT<span class=\"_ _0\"></span>DA intere<span class=\"_ _0\"></span>st cove<span class=\"_ _0\"></span>r of 4 times<span class=\"_ _0\"></span> and a mini<span class=\"_ _0\"></span>mum sha<span class=\"_ _0\"></span>reho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs\u2019 e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y of \u00a31<span class=\"_ _2\"></span>.2 b<span class=\"_ _0\"></span>illion at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2.<span class=\"_ _363\"> </span>At 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 the n<span class=\"_ _0\"></span>et (cash)/<span class=\"_ _2\"></span>de<span class=\"_ _0\"></span>bt to equit<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>atio was ne<span class=\"_ _0\"></span>gati<span class=\"_ _0\"></span>ve 0.5 per c<span class=\"_ _0\"></span>ent (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: neg<span class=\"_ _0\"></span>ative 8 p<span class=\"_ _0\"></span>er ce<span class=\"_ _0\"></span>nt) as the Gro<span class=\"_ _0\"></span>up was in a ne<span class=\"_ _0\"></span>t cash p<span class=\"_ _0\"></span>ositi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> of \u00a38.9 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a3139.0 million) and share<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s\u2019 eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y was \u00a31<span class=\"_ _2\"></span>.75 billion. E<span class=\"_ _0\"></span>BIT<span class=\"_ _0\"></span>DA<span class=\"_ _0\"></span>, f<span class=\"_ _0\"></span>rom c<span class=\"_ _0\"></span>ontinui<span class=\"_ _0\"></span>ng op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, for the ye<span class=\"_ _0\"></span>ar was \u00a33<span class=\"_ _0\"></span>81<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>2 million<span class=\"_ _0\"></span> (2021<span class=\"_ _2\"></span>: \u00a3<span class=\"_ _0\"></span>373.<span class=\"_ _0\"></span>4 million) and und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyin<span class=\"_ _0\"></span>g EBI<span class=\"_ _0\"></span>TD<span class=\"_ _0\"></span>A interest c<span class=\"_ _0\"></span>over for 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 was 32<span class=\"_ _0\"></span>.2 time<span class=\"_ _0\"></span>s (2021<span class=\"_ _2\"></span>: 18.0 times). On a pre<span class=\"_ _3\"></span>-IF<span class=\"_ _0\"></span>RS 1<span class=\"_ _2\"></span>6 b<span class=\"_ _0\"></span>asis, t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up had ne<span class=\"_ _0\"></span>t<span class=\"_ _363\"> </span>cash of \u00a34<span class=\"_ _0\"></span>58<span class=\"_ _0\"></span>.2 milli<span class=\"_ _0\"></span>on and E<span class=\"_ _0\"></span>BI<span class=\"_ _0\"></span>TDA for t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r was \u00a3307<span class=\"_ _2\"></span>.8 mill<span class=\"_ _0\"></span>ion an<span class=\"_ _0\"></span>d unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>ying E<span class=\"_ _0\"></span>BIT<span class=\"_ _0\"></span>DA intere<span class=\"_ _0\"></span>st cove<span class=\"_ _0\"></span>r for 20<span class=\"_ _0\"></span>22 was ne<span class=\"_ _0\"></span>gati<span class=\"_ _0\"></span>ve 99.<span class=\"_ _0\"></span>3 tim<span class=\"_ _0\"></span>es as the<span class=\"_ _0\"></span> Group h<span class=\"_ _0\"></span>ad net inte<span class=\"_ _0\"></span>rest in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Funding and<span class=\"_ _2\"></span> Liquidit<span class=\"_ _0\"></span>y<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group h<span class=\"_ _0\"></span>as cash res<span class=\"_ _0\"></span>ourc<span class=\"_ _0\"></span>es at its d<span class=\"_ _0\"></span>ispos<span class=\"_ _0\"></span>al thro<span class=\"_ _0\"></span>ugh th<span class=\"_ _0\"></span>e hol<span class=\"_ _0\"></span>ding of de<span class=\"_ _0\"></span>posi<span class=\"_ _0\"></span>ts and c<span class=\"_ _0\"></span>ash balan<span class=\"_ _0\"></span>ces of \u00a3<span class=\"_ _0\"></span>71<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>.7 million at th<span class=\"_ _0\"></span>e year e<span class=\"_ _0\"></span>nd (2021<span class=\"_ _2\"></span>: \u00a3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>7<span class=\"_ _0\"></span> millio<span class=\"_ _0\"></span>n<span class=\"_ _4\"></span>) whic<span class=\"_ _0\"></span>h toget<span class=\"_ _0\"></span>her wi<span class=\"_ _0\"></span>th und<span class=\"_ _0\"></span>rawn ban<span class=\"_ _0\"></span>k facilit<span class=\"_ _0\"></span>ies of \u00a3<span class=\"_ _0\"></span>226<span class=\"_ _0\"></span>.9 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a33<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4.7 million) and cas<span class=\"_ _0\"></span>h \u2013 fl<span class=\"_ _0\"></span>ow from o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ation p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>es f<span class=\"_ _0\"></span>lexib<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y in<span class=\"_ _363\"> </span>fin<span class=\"_ _0\"></span>ancin<span class=\"_ _0\"></span>g its o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ations<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e following a<span class=\"_ _0\"></span>re the un<span class=\"_ _0\"></span>disco<span class=\"_ _0\"></span>unted c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual m<span class=\"_ _0\"></span>aturi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s of finan<span class=\"_ _0\"></span>cial li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>ding intere<span class=\"_ _0\"></span>st pay<span class=\"_ _0\"></span>ments<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _363\"> </span>Carrying<span class=\"_ _363\"> </span>Amount<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Contractual <span class=\"ls2 ws0\"> </span>Cash Flow*<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Within <span class=\"ls2 ws0\"> </span>1<span class=\"_ _0\"></span> Ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Between<span class=\"_ _2\"></span> <span class=\"ls2 ws0\"> </span>1 an<span class=\"_ _0\"></span>d 2 Year<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Between<span class=\"_ _2\"></span> <span class=\"ls2 ws0\"> </span>2 an<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span>5<span class=\"_ _0\"></span> Ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Greater Than<span class=\"_ _363\"> </span>5<span class=\"_ _0\"></span> Ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Non-Derivative<span class=\"_ _2\"></span> Financial Liabilities<span class=\"_ _363\"> </span>Bank loans<span class=\"_ _bc\"> </span><span class=\"ff83 ls33 ws29\">112<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>8<span class=\"_ _db\"> </span><span class=\"ls89 wsd0\">12<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>,7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>6<span class=\"_ _46\"> </span><span class=\"ls47 ws3d\">3,<span class=\"_ _0\"></span>480<span class=\"_ _46\"> </span><span class=\"ls15 ws32\">3,49<span class=\"_ _0\"></span>0<span class=\"_ _a1\"> </span></span></span>12<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _79\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span></span></span>US se<span class=\"_ _0\"></span>nior n<span class=\"_ _0\"></span>otes<span class=\"_ _2b2\"> </span><span class=\"ff83 ls3f ws36\">141,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _db\"> </span><span class=\"ls33 ws29\">1<span class=\"_ _0\"></span>6<span class=\"_ _34\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>11<span class=\"_ _6d\"> </span><span class=\"ls18 ws12\">3,526<span class=\"_ _46\"> </span>3,<span class=\"_ _0\"></span>526<span class=\"_ _5b\"> </span><span class=\"ls31 ws27\">10<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _db\"> </span><span class=\"ls146 ws155\">14<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>0<span class=\"_ _363\"> </span></span></span></span></span></span>Lease liabi<span class=\"_ _2\"></span>lities<span class=\"_ _2b3\"> </span><span class=\"ff83 ls15 ws32\">4<span class=\"_ _0\"></span>49,3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>3<span class=\"_ _c2\"> </span><span class=\"ls13 ws22\">520,654<span class=\"_ _c4\"> </span><span class=\"ls134 ws145\">7<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>,10<span class=\"_ _3\"></span>4<span class=\"_ _c4\"> </span><span class=\"lsdb wsb1\">69,9<span class=\"_ _0\"></span>47<span class=\"_ _b4\"> </span><span class=\"lse7 wsb8\">18<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>8<span class=\"_ _2c\"> </span><span class=\"ls89 wsd0\">19<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>915<span class=\"_ _363\"> </span></span></span></span></span></span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r payable<span class=\"_ _0\"></span>s<span class=\"_ _2b4\"> </span><span class=\"ff83 ls13 ws22\">420,65<span class=\"_ _0\"></span>3<span class=\"_ _c2\"> </span>420,653<span class=\"_ _c2\"> </span>420,65<span class=\"_ _0\"></span>3<span class=\"_ _e7\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _363\"> </span></span></span>Derivative<span class=\"_ _4\"></span> Financial Instrume<span class=\"_ _0\"></span>nts<span class=\"_ _363\"> </span>Other derivati<span class=\"_ _4\"></span>ves<span class=\"_ _24b\"> </span><span class=\"ff83 ls20 ws19\">29<span class=\"_ _f5\"> </span>29<span class=\"_ _f5\"> </span>29<span class=\"_ _e7\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _363\"> </span></span></span>1,12<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>7<span class=\"_ _2b\"> </span><span class=\"lsc2 ws168\">1,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _3\"></span>3<span class=\"_ _96\"> </span><span class=\"ls155 ws169\">5<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>2<span class=\"_ _5b\"> </span><span class=\"ls14 wsb9\">76,9<span class=\"_ _0\"></span>63<span class=\"_ _96\"> </span><span class=\"ls8b ws7c\">31<span class=\"_ _2\"></span>5,09<span class=\"_ _0\"></span>3<span class=\"_ _2f\"> </span><span class=\"ls47 ws3d\">34<span class=\"_ _0\"></span>3,895<span class=\"_ _363\"> </span></span></span></span></span></span>*  <span class=\"_ _32\"> </span>I<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t bas<span class=\"_ _0\"></span>ed on t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ates in p<span class=\"_ _0\"></span>lac<span class=\"_ _0\"></span>e at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Carrying<span class=\"_ _363\"> </span>Amount<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Contractual <span class=\"ls2 ws0\"> </span>Cash Flow*<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Within <span class=\"ls2 ws0\"> </span>1<span class=\"_ _0\"></span> Ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Between<span class=\"_ _2\"></span> <span class=\"ls2 ws0\"> </span>1 an<span class=\"_ _0\"></span>d 2 Year<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Between<span class=\"_ _2\"></span> <span class=\"ls2 ws0\"> </span>2 an<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span>5<span class=\"_ _0\"></span> Ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Greater Than<span class=\"_ _363\"> </span>5<span class=\"_ _0\"></span> Ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Non-Derivative<span class=\"_ _2\"></span> Financial Liabilities<span class=\"_ _363\"> </span>Bank loans<span class=\"_ _bc\"> </span><span class=\"lsc0 ws9a\">1<span class=\"_ _5\"></span>22,7<span class=\"_ _2\"></span>29<span class=\"_ _2c\"> </span>1<span class=\"_ _2\"></span>22,67<span class=\"_ _2\"></span>6<span class=\"_ _c4\"> </span><span class=\"ls16 ws10c\">8<span class=\"_ _0\"></span>3,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>42<span class=\"_ _c4\"> </span><span class=\"ls13 ws22\">3<span class=\"_ _0\"></span>9,03<span class=\"_ _0\"></span>4<span class=\"_ _e7\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _363\"> </span></span></span></span></span>US se<span class=\"_ _0\"></span>nior n<span class=\"_ _0\"></span>otes<span class=\"_ _3a\"> </span><span class=\"lse0 wsd7\">13<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _2c\"> </span><span class=\"ls12a wsab\">1<span class=\"_ _2\"></span>60,2<span class=\"_ _4\"></span>50<span class=\"_ _6d\"> </span><span class=\"ls42 ws38\">3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>41<span class=\"_ _a3\"> </span>3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>41<span class=\"_ _5d\"> </span><span class=\"ls20 ws19\">1<span class=\"_ _2\"></span>0,023<span class=\"_ _b0\"> </span><span class=\"lse8 wsde\">14<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>5<span class=\"_ _363\"> </span></span></span></span></span></span>Lease liabi<span class=\"_ _2\"></span>lities<span class=\"_ _2b5\"> </span><span class=\"lsa7 ws9c\">4<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>,99<span class=\"_ _0\"></span>4<span class=\"_ _b0\"> </span><span class=\"ls14 wsb9\">5<span class=\"_ _0\"></span>36<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>325<span class=\"_ _5d\"> </span><span class=\"lsdd ws3b\">7<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>8<span class=\"_ _5d\"> </span></span></span></span><span class=\"ls6b\">65,256<span class=\"_ _b0\"> </span><span class=\"lsdd ws3b\">17<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>4<span class=\"_ _21\"> </span>2<span class=\"_ _3\"></span>21,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>7<span class=\"_ _363\"> </span></span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r payable<span class=\"_ _0\"></span>s<span class=\"_ _d5\"> </span><span class=\"lsdf wsd6\">4<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>,111<span class=\"_ _5b\"> </span>4<span class=\"_ _0\"></span>19<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>111<span class=\"_ _20\"> </span>4<span class=\"_ _3\"></span>19<span class=\"_ _3\"></span>,111<span class=\"_ _f7\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _114\"> </span>\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _363\"> </span></span>Derivative<span class=\"_ _4\"></span> Financial Instrume<span class=\"_ _0\"></span>nts<span class=\"_ _363\"> </span>Other derivati<span class=\"_ _4\"></span>ves<span class=\"_ _2b6\"> </span><span class=\"ls2 ws0\">8<span class=\"_ _f7\"> </span>8<span class=\"_ _f7\"> </span>8<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _363\"> </span></span>1,<span class=\"_ _0\"></span>12<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _1\"> </span>4<span class=\"_ _9d\"> </span><span class=\"ls12a wsab\">1<span class=\"_ _2\"></span>,2<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>8,37<span class=\"_ _2\"></span>0<span class=\"_ _db\"> </span><span class=\"ls1f wsc\">577<span class=\"_ _2\"></span>,4<span class=\"_ _2\"></span>90<span class=\"_ _21\"> </span><span class=\"ls143 ws151\">1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>7,<span class=\"_ _34\"></span>6<span class=\"_ _34\"></span>3<span class=\"_ _3\"></span>1<span class=\"_ _2c\"> </span><span class=\"lsdd ws3b\">18<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>7<span class=\"_ _11f\"> </span><span class=\"ls6b wsb\">365,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>92<span class=\"_ _363\"> </span></span></span></span></span></span>* <span class=\"_ _35\"> </span> Inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>es in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>st bas<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e rates i<span class=\"_ _0\"></span>n pla<span class=\"_ _0\"></span>ce at 31 D<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>21.<span class=\"_ _363\"> </span>21. <span class=\"_ _1f2\"> </span>Financial Instruments and Financial R<span class=\"_ _4\"></span>isk<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e following t<span class=\"_ _0\"></span>able i<span class=\"_ _0\"></span>ndic<span class=\"_ _0\"></span>ates the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ods in wh<span class=\"_ _0\"></span>ich c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows asso<span class=\"_ _0\"></span>ciated wi<span class=\"_ _0\"></span>th de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vatives t<span class=\"_ _0\"></span>hat are cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ow hed<span class=\"_ _0\"></span>ges are e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d to occu<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22 Carrying<span class=\"_ _363\"> </span>Amount<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>E<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted<span class=\"_ _363\"> </span>Cash Flow<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>6 Months<span class=\"_ _2\"></span> or<span class=\"_ _363\"> </span>Less<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>6 to 12<span class=\"_ _363\"> </span>Months<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>1 to 2<span class=\"_ _363\"> </span>Ye<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>2 to 3<span class=\"_ _363\"> </span>Ye<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>3 to 4 Ye<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>4 to 5<span class=\"_ _363\"> </span>Ye<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Other derivatives<span class=\"_ _178\"> </span><span class=\"ls35 ws2b\">(2<span class=\"_ _0\"></span>9)<span class=\"_ _b0\"> </span>(2<span class=\"_ _0\"></span>9)<span class=\"_ _b0\"> </span>(<span class=\"_ _0\"></span>29)<span class=\"_ _5f\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _6e\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _363\"> </span></span></span>31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Carrying<span class=\"_ _363\"> </span>Amount<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>E<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted<span class=\"_ _363\"> </span>Cash Flow<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>6 Months<span class=\"_ _2\"></span> or<span class=\"_ _363\"> </span>Less<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>6 to 12<span class=\"_ _363\"> </span>Months<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>1 to 2<span class=\"_ _363\"> </span>Ye<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>2 to 3<span class=\"_ _363\"> </span>Ye<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>3 to 4 Ye<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>4 to 5<span class=\"_ _363\"> </span>Ye<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Other derivati<span class=\"_ _4\"></span>ves<span class=\"_ _2b7\"> </span><span class=\"lse4 wsdc\">(8)<span class=\"_ _126\"> </span>(8)<span class=\"_ _126\"> </span>(8)<span class=\"_ _5f\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _6e\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _363\"> </span></span></span>22<span class=\"_ _3\"></span>. Derivatives<span class=\"_ _363\"> </span>2022 \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>In<span class=\"_ _0\"></span>cl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>ed i<span class=\"_ _0\"></span>n cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t lia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s an<span class=\"_ _0\"></span>d cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s:<span class=\"_ _363\"> </span>Fair value of ot<span class=\"_ _0\"></span>her d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>vatives<span class=\"_ _20d\"> </span><span class=\"ff83 ls35 ws2b\">(<span class=\"_ _0\"></span>29)<span class=\"_ _f4\"> </span></span><span class=\"lse4 wsdc\">(8)<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e movem<span class=\"_ _0\"></span>ent in de<span class=\"_ _0\"></span>riv<span class=\"_ _0\"></span>atives at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>22 i<span class=\"_ _0\"></span>s due to the m<span class=\"_ _0\"></span>oveme<span class=\"_ _0\"></span>nt in th<span class=\"_ _0\"></span>eir fair val<span class=\"_ _0\"></span>ues<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Na<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e of De<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vat<span class=\"_ _0\"></span>ive In<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s as a<span class=\"_ _0\"></span>t 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _363\"> </span>Hedge Period<span class=\"_ _1c1\"> </span><span class=\"ls2e ws0\">N<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e of h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _363\"> </span></span>Notional payable<span class=\"_ _363\"> </span>amount of contracts outstanding \u00a3\u2019000<span class=\"_ _363\"> </span>Notional rece<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>le<span class=\"_ _363\"> </span>amount of contracts outstanding \u00a3\u2019000<span class=\"_ _363\"> </span>Fair<span class=\"_ _4\"></span> value<span class=\"_ _363\"> </span>asset<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Fair<span class=\"_ _4\"></span> value<span class=\"ls2 ws0\"> </span>liability<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Foreign<span class=\"_ _2\"></span> Currency For<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>ds*<span class=\"_ _363\"> </span>De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 \u2013 January 2023<span class=\"_ _363\"> </span>For<span class=\"_ _0\"></span>war<span class=\"_ _0\"></span>d purc<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>se of foreign curre<span class=\"_ _0\"></span>ncy liabilities<span class=\"_ _23d\"> </span>925<span class=\"_ _11d\"> </span>925<span class=\"_ _e7\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _123\"> </span><span class=\"ls35 ws2b\">(29)<span class=\"_ _363\"> </span></span></span>* <span class=\"_ _35\"> </span>Th<span class=\"_ _0\"></span>e fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of fore<span class=\"_ _0\"></span>ign c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ward<span class=\"_ _0\"></span>s (der<span class=\"_ _0\"></span>ivat<span class=\"_ _0\"></span>ive f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial i<span class=\"_ _0\"></span>nst<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts) are sh<span class=\"_ _0\"></span>own as c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>t liab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s of \u00a32<span class=\"_ _0\"></span>9,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>00 in t<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nce s<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Na<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>e of De<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vat<span class=\"_ _0\"></span>ive In<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s as a<span class=\"_ _0\"></span>t 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Hedge Period<span class=\"_ _1c1\"> </span><span class=\"ls2e ws0\">N<span class=\"_ _0\"></span>at<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e of h<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>ng i<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _363\"> </span></span>Notional payable<span class=\"_ _363\"> </span>amount of contracts outstanding<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Notional rece<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>le<span class=\"_ _363\"> </span>amount of contracts outstanding<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Fair<span class=\"_ _4\"></span> value<span class=\"_ _363\"> </span>asset<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Fair<span class=\"_ _4\"></span> value<span class=\"ls2 ws0\"> </span>liability<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Fore<span class=\"_ _0\"></span>ign Cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy For<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rds*<span class=\"_ _363\"> </span>De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 2021 \u2013 Januar<span class=\"_ _0\"></span>y 2022<span class=\"_ _363\"> </span>For<span class=\"_ _0\"></span>ward pur<span class=\"_ _4\"></span>chase of foreign<span class=\"_ _2\"></span> cur<span class=\"_ _0\"></span>rency liabilit<span class=\"_ _0\"></span>ies<span class=\"_ _2b8\"> </span><span class=\"ls106 wsf9\">646<span class=\"_ _11d\"> </span>646<span class=\"_ _114\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _1c1\"> </span><span class=\"lse4 wsdc\">(8)<span class=\"_ _363\"> </span></span></span></span>*  <span class=\"_ _32\"> </span>T<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>air va<span class=\"_ _0\"></span>lue of fo<span class=\"_ _0\"></span>rei<span class=\"_ _0\"></span>gn c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>cy for<span class=\"_ _0\"></span>w<span class=\"_ _0\"></span>ards (de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vat<span class=\"_ _0\"></span>ive f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>nci<span class=\"_ _0\"></span>al in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s) are sho<span class=\"_ _0\"></span>wn as c<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ent li<span class=\"_ _0\"></span>abi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies of \u00a3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>00 i<span class=\"_ _0\"></span>n the b<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>23. Provisions<span class=\"_ _363\"> </span>2022 \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Non-<span class=\"_ _0\"></span>curre<span class=\"_ _0\"></span>nt liabilities<span class=\"_ _363\"> </span>Insuran<span class=\"_ _0\"></span>ce provisi<span class=\"_ _0\"></span>on<span class=\"_ _168\"> </span><span class=\"ff83 ls31 ws27\">8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>10<span class=\"_ _a3\"> </span></span><span class=\"ls144 ws152\">8<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _363\"> </span></span>Dilap<span class=\"_ _0\"></span>idatio<span class=\"_ _0\"></span>ns provisio<span class=\"_ _0\"></span>n<span class=\"_ _252\"> </span><span class=\"ff83 ls155 ws169\">4,7<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9<span class=\"_ _77\"> </span></span><span class=\"ls6e ws10\">4<span class=\"_ _0\"></span>,396<span class=\"_ _363\"> </span></span>Other provisi<span class=\"_ _4\"></span>ons<span class=\"_ _2b9\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>0<span class=\"_ _112\"> </span></span><span class=\"lsdd ws3b\">1,6<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>6<span class=\"_ _363\"> </span></span>15<span class=\"_ _0\"></span>,18<span class=\"_ _3\"></span>9<span class=\"_ _126\"> </span><span class=\"ff84 lse8 wsde\">14<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>2<span class=\"_ _363\"> </span></span>Curre<span class=\"_ _0\"></span>nt liabilities<span class=\"_ _363\"> </span>Insuran<span class=\"_ _0\"></span>ce provisi<span class=\"_ _0\"></span>on<span class=\"_ _2ba\"> </span><span class=\"ff83 lsa7 ws9c\">2,97<span class=\"_ _0\"></span>2<span class=\"_ _77\"> </span></span><span class=\"ls144 ws152\">3<span class=\"_ _3\"></span>,76<span class=\"_ _0\"></span>0<span class=\"_ _363\"> </span></span>Dilap<span class=\"_ _0\"></span>idatio<span class=\"_ _0\"></span>ns provisio<span class=\"_ _0\"></span>n<span class=\"_ _20f\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _363\"> </span></span></span>Disp<span class=\"_ _0\"></span>osal provis<span class=\"_ _0\"></span>ions<span class=\"_ _168\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _a4\"> </span></span><span class=\"lsdd ws3b\">1,<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _363\"> </span></span>Other provisi<span class=\"_ _4\"></span>ons<span class=\"_ _2b9\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>8<span class=\"_ _a4\"> </span></span><span class=\"lsdd ws3b\">1,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>6<span class=\"_ _363\"> </span></span>5,90<span class=\"_ _0\"></span>4<span class=\"_ _77\"> </span><span class=\"ff84 lsc ws9\">6,6<span class=\"_ _0\"></span>37<span class=\"_ _363\"> </span></span>Insurance<span class=\"_ _2bb\"> </span><span class=\"lsf6 ws11a\">Dilapidations<span class=\"_ _363\"> </span></span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>At 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y<span class=\"_ _2bc\"> </span><span class=\"ls89 wsd0\">12<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>0<span class=\"_ _63\"> </span><span class=\"ff84 lse8 wsde\">14<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>61<span class=\"_ _6e\"> </span></span><span class=\"ls78 ws6b\">4,396<span class=\"_ _77\"> </span><span class=\"ff84 ls13 ws22\">9,<span class=\"_ _0\"></span>279<span class=\"_ _363\"> </span></span></span></span>Charge in year<span class=\"_ _2bd\"> </span><span class=\"ff83 lsa7 ws9c\">2,9<span class=\"_ _0\"></span>60<span class=\"_ _77\"> </span></span><span class=\"lsc0 ws9a\">4,227<span class=\"_ _c1\"> </span><span class=\"ff83 ls1a ws7d\">26<span class=\"_ _0\"></span>4<span class=\"_ _12f\"> </span></span><span class=\"ls78 ws6b\">55<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span></span>Utilis<span class=\"_ _0\"></span>ed<span class=\"_ _2be\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _10c\"> </span></span><span class=\"ls36 wsf\">(65)<span class=\"_ _112\"> </span></span></span><span class=\"ls19 ws13\">(<span class=\"_ _0\"></span>15<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>Released<span class=\"_ _13d\"> </span><span class=\"ff83 ls155 ws169\">(2<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _76\"> </span></span><span class=\"ls14e ws15e\">(<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>74<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>)<span class=\"_ _8a\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _123\"> </span></span><span class=\"lsef ws12e\">(6<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span>Paid du<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he year<span class=\"_ _2bf\"> </span><span class=\"ff83 lsdb wsb1\">(1,475)<span class=\"_ _5b\"> </span></span><span class=\"lsf ws9b\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4)<span class=\"_ _22\"> </span></span><span class=\"ff83 ls2\">\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _363\"> </span></span></span>Disp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d duri<span class=\"_ _0\"></span>ng the ye<span class=\"_ _0\"></span>ar (N<span class=\"_ _0\"></span>ote 27)<span class=\"_ _2c0\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _e7\"> </span></span>\u2013<span class=\"_ _141\"> </span></span><span class=\"ls12f ws7a\">(5,0<span class=\"_ _0\"></span>75)<span class=\"_ _363\"> </span></span>Foreign exchange<span class=\"_ _2c1\"> </span><span class=\"ff83 ls12a wsab\">645<span class=\"_ _74\"> </span></span><span class=\"lse8 wsde\">(9<span class=\"_ _0\"></span>14<span class=\"_ _0\"></span>)<span class=\"_ _74\"> </span><span class=\"ff83 ls33 ws29\">11<span class=\"_ _0\"></span>4<span class=\"_ _14c\"> </span></span><span class=\"lse0 wsd7\">(<span class=\"_ _0\"></span>13<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r<span class=\"_ _1bf\"> </span><span class=\"ls33 ws29\">11,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>8<span class=\"_ _34\"></span>2<span class=\"_ _126\"> </span><span class=\"ff84 ls89 wsd0\">12<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>0<span class=\"_ _6d\"> </span></span><span class=\"ls155 ws169\">4<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>9<span class=\"_ _77\"> </span><span class=\"ff84 ls6e ws10\">4,396<span class=\"_ _363\"> </span></span></span></span>Non-current<span class=\"_ _2c2\"> </span><span class=\"ls31 ws27\">8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>10<span class=\"_ _60\"> </span><span class=\"ff84 ls144 ws152\">8,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _6e\"> </span></span><span class=\"ls155 ws169\">4<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>9<span class=\"_ _6d\"> </span><span class=\"ff84 ls6e ws10\">4<span class=\"_ _0\"></span>,396<span class=\"_ _363\"> </span></span></span></span>Current<span class=\"_ _130\"> </span><span class=\"lsa7 ws9c\">2,972<span class=\"_ _a3\"> </span><span class=\"ff84 ls144 ws152\">3<span class=\"_ _0\"></span>,76<span class=\"_ _3\"></span>0<span class=\"_ _e7\"> </span></span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _363\"> </span></span></span></span>Disposal Provisions<span class=\"_ _b7\"> </span><span class=\"lse1 wsd8\">Other Provisions<span class=\"_ _ea\"> </span><span class=\"ls11f ws26\">Total<span class=\"_ _363\"> </span></span></span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>At 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y<span class=\"_ _2c3\"> </span><span class=\"ls22 ws66\">1,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _a3\"> </span><span class=\"ff84 lsdb wsb1\">2<span class=\"_ _0\"></span>,3<span class=\"_ _0\"></span>70<span class=\"_ _181\"> </span></span><span class=\"ls47 ws3d\">3,2<span class=\"_ _0\"></span>32<span class=\"_ _a4\"> </span><span class=\"ff84 lsc0 ws9a\">4,<span class=\"_ _2\"></span>1<span class=\"_ _5\"></span>66<span class=\"_ _11a\"> </span><span class=\"ff83 ls6e ws10\">21<span class=\"_ _2\"></span>,4<span class=\"_ _4\"></span>99<span class=\"_ _c4\"> </span><span class=\"ff84 lse4 wsdc\">3<span class=\"_ _0\"></span>0,<span class=\"_ _0\"></span>076<span class=\"_ _363\"> </span></span></span></span></span></span>Charge in year<span class=\"_ _7b\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _e7\"> </span></span>\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _181\"> </span></span><span class=\"ls8b ws7c\">3,<span class=\"_ _0\"></span>224<span class=\"_ _a3\"> </span></span></span><span class=\"ls144 ws152\">4<span class=\"_ _3\"></span>,78<span class=\"_ _0\"></span>1<span class=\"_ _363\"> </span></span>Utilis<span class=\"_ _0\"></span>ed<span class=\"_ _16a\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _18\"> </span></span><span class=\"ls19 ws13\">(<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>15<span class=\"_ _3\"></span>)<span class=\"_ _ce\"> </span><span class=\"ff83 ls33 ws29\">(<span class=\"_ _3\"></span>11<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _112\"> </span></span><span class=\"ls35 ws2b\">(2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>0)<span class=\"_ _112\"> </span><span class=\"ff83 lse7 wsb8\">(<span class=\"_ _0\"></span>18<span class=\"_ _3\"></span>0)<span class=\"_ _76\"> </span></span><span class=\"lsdd ws3b\">(<span class=\"_ _3\"></span>1,<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span></span>Released<span class=\"_ _2c4\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _10c\"> </span></span><span class=\"ls103 wsf8\">(87<span class=\"_ _3\"></span>)<span class=\"_ _a4\"> </span></span></span><span class=\"ls34 ws2a\">(2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>8)<span class=\"_ _e9\"> </span><span class=\"ff83 ls36 wsf\">(<span class=\"_ _2\"></span>2,885)<span class=\"_ _5b\"> </span><span class=\"ff84 ls69 ws91\">(3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>3)<span class=\"_ _363\"> </span></span></span></span>Paid du<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he year<span class=\"_ _cb\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _114\"> </span><span class=\"ff84\">\u2013<span class=\"_ _e7\"> </span></span>\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _6c\"> </span></span><span class=\"lsdb wsb1\">(1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>475<span class=\"_ _0\"></span>)<span class=\"_ _5b\"> </span><span class=\"ff84 lsf ws9b\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>28<span class=\"_ _3\"></span>4)<span class=\"_ _363\"> </span></span></span></span>Disp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d duri<span class=\"_ _0\"></span>ng the ye<span class=\"_ _0\"></span>ar (N<span class=\"_ _0\"></span>ote 27)<span class=\"_ _23d\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _e7\"> </span></span>\u2013<span class=\"_ _d0\"> </span></span><span class=\"lsf ws9b\">(2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>4)<span class=\"_ _22\"> </span></span><span class=\"ff83 ls2\">\u2013<span class=\"_ _5f\"> </span></span><span class=\"ls105 ws162\">(<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span></span>Foreign exchange<span class=\"_ _3e\"> </span><span class=\"ff83 ls6e\">73<span class=\"_ _18\"> </span></span><span class=\"lse0 wsd7\">(13<span class=\"_ _34\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _123\"> </span><span class=\"ff83 ls8b ws7c\">78<span class=\"_ _18\"> </span></span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>10<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _18\"> </span><span class=\"ff83 ls31 ws27\">910<span class=\"_ _66\"> </span></span>(<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r<span class=\"_ _101\"> </span><span class=\"ls22 ws66\">1,<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _60\"> </span><span class=\"ff84 lsdd ws3b\">1,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _a3\"> </span></span><span class=\"ls134 ws145\">3<span class=\"_ _3\"></span>,10<span class=\"_ _3\"></span>8<span class=\"_ _a3\"> </span><span class=\"ff84 ls6e ws10\">3,232<span class=\"_ _5b\"> </span></span></span>2<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>3<span class=\"_ _63\"> </span><span class=\"ff84 lsdd ws3b\">2<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>9<span class=\"_ _363\"> </span></span></span>Non-current<span class=\"_ _26f\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _114\"> </span><span class=\"ff84\">\u2013<span class=\"_ _6e\"> </span></span><span class=\"ls22 ws66\">1,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>0<span class=\"_ _112\"> </span><span class=\"ff84 lsdd ws3b\">1,6<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>6<span class=\"_ _126\"> </span></span><span class=\"ls89 wsd0\">15<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>9<span class=\"_ _126\"> </span><span class=\"ff84 lse8 wsde\">14<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>2<span class=\"_ _363\"> </span></span></span></span></span>Current<span class=\"_ _1a2\"> </span><span class=\"ls22 ws66\">1,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _a4\"> </span><span class=\"ff84 lsdd ws3b\">1,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _6d\"> </span></span>1,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>8<span class=\"_ _a4\"> </span><span class=\"ff84 lsdd ws3b\">1,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>6<span class=\"_ _6e\"> </span></span><span class=\"lsa7 ws9c\">5,90<span class=\"_ _0\"></span>4<span class=\"_ _77\"> </span><span class=\"ff84 lsc ws9\">6,6<span class=\"_ _0\"></span>37<span class=\"_ _363\"> </span></span></span></span>Insurance Pro<span class=\"_ _2\"></span>vision<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e insuran<span class=\"_ _0\"></span>ce pr<span class=\"_ _0\"></span>ovisio<span class=\"_ _0\"></span>n relates to actu<span class=\"_ _0\"></span>al oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns unde<span class=\"_ _0\"></span>r the s<span class=\"_ _0\"></span>elf-<span class=\"_ _0\"></span>insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e ele<span class=\"_ _0\"></span>ments of t<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p\u2019s overall insu<span class=\"_ _0\"></span>ranc<span class=\"_ _0\"></span>e arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nts whic<span class=\"_ _0\"></span>h are subje<span class=\"_ _0\"></span>ct to limi<span class=\"_ _0\"></span>ts in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of both indi<span class=\"_ _0\"></span>vidu<span class=\"_ _0\"></span>al and ag<span class=\"_ _0\"></span>greg<span class=\"_ _0\"></span>ate claims<span class=\"_ _0\"></span>. This p<span class=\"_ _0\"></span>rovisio<span class=\"_ _0\"></span>n was base<span class=\"_ _0\"></span>d on an in<span class=\"_ _0\"></span>dep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ent act<span class=\"_ _0\"></span>uari<span class=\"_ _0\"></span>al valuati<span class=\"_ _0\"></span>on. T<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>rovisio<span class=\"_ _0\"></span>n prin<span class=\"_ _0\"></span>cipall<span class=\"_ _0\"></span>y cove<span class=\"_ _0\"></span>rs the c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>bine<span class=\"_ _0\"></span>d publi<span class=\"_ _0\"></span>c and em<span class=\"_ _0\"></span>ploye<span class=\"_ _0\"></span>r liabili<span class=\"_ _0\"></span>ty c<span class=\"_ _0\"></span>laims for t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up\u2019s busin<span class=\"_ _0\"></span>esses<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p has third p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e cover a<span class=\"_ _0\"></span>bove spe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>ic lim<span class=\"_ _0\"></span>its for in<span class=\"_ _0\"></span>divi<span class=\"_ _0\"></span>dual cla<span class=\"_ _0\"></span>ims and has a<span class=\"_ _0\"></span>n overall m<span class=\"_ _0\"></span>axim<span class=\"_ _0\"></span>um agg<span class=\"_ _0\"></span>regate payab<span class=\"_ _0\"></span>le for all c<span class=\"_ _0\"></span>laims for any o<span class=\"_ _0\"></span>ne year. Given th<span class=\"_ _0\"></span>e nature of emp<span class=\"_ _0\"></span>loyer<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>and pub<span class=\"_ _0\"></span>lic liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y clai<span class=\"_ _0\"></span>ms, t<span class=\"_ _0\"></span>he timi<span class=\"_ _0\"></span>ng of cash ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ows can var<span class=\"_ _3\"></span>y signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>antly. The o<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ow arisin<span class=\"_ _0\"></span>g from t<span class=\"_ _0\"></span>he pay<span class=\"_ _0\"></span>ment of cl<span class=\"_ _0\"></span>aims in 20<span class=\"_ _0\"></span>23 is ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>to be at a simila<span class=\"_ _0\"></span>r level to 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2. B<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n histor<span class=\"_ _0\"></span>ical e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e, it is th<span class=\"_ _0\"></span>e Dire<span class=\"_ _0\"></span>ctor<span class=\"_ _0\"></span>s best e<span class=\"_ _0\"></span>stim<span class=\"_ _0\"></span>ate that the b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e of claims w<span class=\"_ _0\"></span>hich a<span class=\"_ _0\"></span>re provid<span class=\"_ _0\"></span>ed for<span class=\"_ _363\"> </span>at 31 De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 will be p<span class=\"_ _0\"></span>aid over a t<span class=\"_ _0\"></span>wo to six year p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e incur<span class=\"_ _0\"></span>red b<span class=\"_ _0\"></span>ut not re<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>ted (<span class=\"_ _0\"></span>\u201cIBN<span class=\"_ _0\"></span>R\u201d<span class=\"_ _0\"></span>) e<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ent of the i<span class=\"_ _0\"></span>nsuran<span class=\"_ _0\"></span>ce prov<span class=\"_ _0\"></span>ision i<span class=\"_ _0\"></span>s classif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent as t<span class=\"_ _0\"></span>he no<span class=\"_ _0\"></span>rmal c<span class=\"_ _0\"></span>ycle for s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>ment of su<span class=\"_ _0\"></span>ch claims is li<span class=\"_ _0\"></span>kely to be mo<span class=\"_ _0\"></span>re than 12 months fro<span class=\"_ _0\"></span>m the ye<span class=\"_ _0\"></span>ar en<span class=\"_ _0\"></span>d.<span class=\"_ _363\"> </span>Claims n<span class=\"_ _0\"></span>o lon<span class=\"_ _0\"></span>ger b<span class=\"_ _0\"></span>eing c<span class=\"_ _0\"></span>halle<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>d by the Gr<span class=\"_ _0\"></span>oup are c<span class=\"_ _0\"></span>lassif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as cur<span class=\"_ _0\"></span>rent liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es at year e<span class=\"_ _0\"></span>nd. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up no l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>er has an u<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>nditi<span class=\"_ _0\"></span>onal r<span class=\"_ _0\"></span>ight to defer pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and it is o<span class=\"_ _0\"></span>nly th<span class=\"_ _0\"></span>e timin<span class=\"_ _0\"></span>g of the pay<span class=\"_ _0\"></span>ment t<span class=\"_ _0\"></span>hat is unc<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>tain.<span class=\"_ _363\"> </span>Claims in l<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>al proc<span class=\"_ _0\"></span>ess are c<span class=\"_ _0\"></span>lassif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent lia<span class=\"_ _0\"></span>biliti<span class=\"_ _0\"></span>es at year e<span class=\"_ _0\"></span>nd as th<span class=\"_ _0\"></span>e Group d<span class=\"_ _0\"></span>oes n<span class=\"_ _0\"></span>ot co<span class=\"_ _0\"></span>ntrol th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>tent an<span class=\"_ _0\"></span>d durati<span class=\"_ _0\"></span>on of th<span class=\"_ _0\"></span>e leg<span class=\"_ _0\"></span>al proc<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>, and h<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e, it d<span class=\"_ _0\"></span>oes n<span class=\"_ _0\"></span>ot appe<span class=\"_ _0\"></span>ar that i<span class=\"_ _0\"></span>t has an un<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>onal r<span class=\"_ _0\"></span>ight to defer s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>23. Provisions<span class=\"ff85 ls9d ws54\"> co<span class=\"_ _0\"></span>ntinu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Dilapidations Pro<span class=\"_ _2\"></span>vision<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e dilapid<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns provisi<span class=\"_ _0\"></span>on cove<span class=\"_ _0\"></span>rs th<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t of reinstat<span class=\"_ _0\"></span>ing ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n Group p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es at the e<span class=\"_ _0\"></span>nd of th<span class=\"_ _0\"></span>e lease ter<span class=\"_ _0\"></span>m. T<span class=\"_ _0\"></span>his is bas<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n the ter<span class=\"_ _0\"></span>ms of indiv<span class=\"_ _0\"></span>idual l<span class=\"_ _0\"></span>eases w<span class=\"_ _0\"></span>hich s<span class=\"_ _0\"></span>et ou<span class=\"_ _0\"></span>t the c<span class=\"_ _0\"></span>ondi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns relati<span class=\"_ _0\"></span>ng to the ret<span class=\"_ _0\"></span>urn of pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ty. The t<span class=\"_ _0\"></span>iming of th<span class=\"_ _0\"></span>e out<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>lows will match t<span class=\"_ _0\"></span>he en<span class=\"_ _0\"></span>ding of th<span class=\"_ _0\"></span>e releva<span class=\"_ _0\"></span>nt lease<span class=\"_ _0\"></span>s whic<span class=\"_ _0\"></span>h rang<span class=\"_ _0\"></span>es fro<span class=\"_ _0\"></span>m two to 20 yea<span class=\"_ _0\"></span>rs.<span class=\"_ _363\"> </span>Disposals Provision<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e dispos<span class=\"_ _0\"></span>al provis<span class=\"_ _0\"></span>ion c<span class=\"_ _0\"></span>overs t<span class=\"_ _0\"></span>he fu<span class=\"_ _0\"></span>ture le<span class=\"_ _0\"></span>gal co<span class=\"_ _0\"></span>sts in re<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n to the disp<span class=\"_ _0\"></span>osal of th<span class=\"_ _0\"></span>e Be<span class=\"_ _0\"></span>lgium b<span class=\"_ _0\"></span>usines<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>Othe<span class=\"_ _0\"></span>r Provisions<span class=\"_ _363\"> </span>Ot<span class=\"_ _0\"></span>her p<span class=\"_ _0\"></span>rovisio<span class=\"_ _0\"></span>ns relate to rest<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>ctur<span class=\"_ _0\"></span>ing, p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ibut<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>, leg<span class=\"_ _0\"></span>al provis<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>, defer<span class=\"_ _0\"></span>red c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion an<span class=\"_ _0\"></span>d Waste Ele<span class=\"_ _0\"></span>ctr<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l &amp; Ele<span class=\"_ _0\"></span>ctro<span class=\"_ _0\"></span>nic Equ<span class=\"_ _0\"></span>ipme<span class=\"_ _0\"></span>nt (\u201c<span class=\"_ _3\"></span>WEE<span class=\"_ _0\"></span>E<span class=\"_ _0\"></span>\u201d<span class=\"_ _0\"></span>) prov<span class=\"_ _0\"></span>ision<span class=\"_ _0\"></span>s. No<span class=\"_ _0\"></span>ne of the<span class=\"_ _0\"></span>se are ind<span class=\"_ _0\"></span>ivid<span class=\"_ _0\"></span>ually mate<span class=\"_ _0\"></span>rial to req<span class=\"_ _0\"></span>uire se<span class=\"_ _0\"></span>parate disc<span class=\"_ _0\"></span>losure i<span class=\"_ _0\"></span>n the f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts.<span class=\"_ _363\"> </span>24. <span class=\"_ _45\"> </span>Trade an<span class=\"_ _0\"></span>d Ot<span class=\"_ _0\"></span>her Payabl<span class=\"_ _0\"></span>es<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>rade pay<span class=\"_ _4\"></span>ables<span class=\"_ _259\"> </span><span class=\"ff83 ls1a ws7d\">266,20<span class=\"_ _0\"></span>4<span class=\"_ _b0\"> </span></span><span class=\"lsdb wsb1\">270<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>862<span class=\"_ _363\"> </span></span>Acc<span class=\"_ _0\"></span>ruals<span class=\"_ _1d3\"> </span><span class=\"ff83 ls33 ws29\">11<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>2<span class=\"_ _e9\"> </span></span><span class=\"lse8 wsde\">1<span class=\"_ _2\"></span>14<span class=\"_ _3\"></span>,14<span class=\"_ _3\"></span>6<span class=\"_ _363\"> </span></span>So<span class=\"_ _0\"></span>cial we<span class=\"_ _0\"></span>lfare<span class=\"_ _2c5\"> </span><span class=\"ff83 ls1a ws7d\">2,<span class=\"_ _0\"></span>226<span class=\"_ _a4\"> </span></span><span class=\"lsdd ws3b\">1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>18<span class=\"_ _363\"> </span></span>Emp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>e inco<span class=\"_ _0\"></span>me ta<span class=\"_ _0\"></span>x<span class=\"_ _17c\"> </span><span class=\"ff83 ls134 ws145\">6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>19<span class=\"_ _77\"> </span></span><span class=\"ls78 ws6b\">4<span class=\"_ _0\"></span>,550<span class=\"_ _363\"> </span></span>Value adde<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x<span class=\"_ _116\"> </span><span class=\"ff83 ls15 ws32\">35,<span class=\"_ _0\"></span>492<span class=\"_ _76\"> </span></span><span class=\"ls47 ws3d\">28,<span class=\"_ _0\"></span>335<span class=\"_ _363\"> </span></span>420,65<span class=\"_ _0\"></span>3<span class=\"_ _e9\"> </span><span class=\"ff84 lsdf wsd6\">4<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>,111<span class=\"_ _363\"> </span></span>25. <span class=\"_ _1f2\"> </span>Deferred T<span class=\"_ _2\"></span>a<span class=\"_ _4\"></span>xation<span class=\"_ _363\"> </span>Rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d De<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>d T<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>x A<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>nd L<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>lit<span class=\"_ _0\"></span>ies<span class=\"_ _363\"> </span>Assets<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Liabilities<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Net (<span class=\"_ _2\"></span>asset<span class=\"_ _4\"></span>s<span class=\"_ _2\"></span>)/ liabilities 2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Assets<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Liabilities<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Net (<span class=\"_ _2\"></span>assets)/ liabiliti<span class=\"_ _0\"></span>es 20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>ent<span class=\"_ _83\"> </span><span class=\"ff83 ls157 ws16b\">(41<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _11f\"> </span><span class=\"ls146 ws155\">2<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>1<span class=\"_ _5b\"> </span><span class=\"ls1a ws7d\">26,86<span class=\"_ _0\"></span>8<span class=\"_ _c1\"> </span><span class=\"ff84 lsdf wsd6\">(<span class=\"_ _0\"></span>11<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _e9\"> </span><span class=\"lsa7 ws9c\">23,<span class=\"_ _0\"></span>362<span class=\"_ _76\"> </span><span class=\"lsa2 ws97\">23<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>24<span class=\"_ _3\"></span>3<span class=\"_ _363\"> </span></span></span></span></span></span></span>Employee share schemes<span class=\"_ _1a9\"> </span><span class=\"ff83 ls35 ws2b\">(9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9)<span class=\"_ _8b\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _71\"> </span></span>(9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9)<span class=\"_ _5b\"> </span></span><span class=\"ls105 ws162\">(2<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9)<span class=\"_ _22\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _5f\"> </span></span>(2<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>30<span class=\"_ _3\"></span>9)<span class=\"_ _363\"> </span></span>Other items<span class=\"_ _12a\"> </span><span class=\"ff83 ls72 wse\">(3<span class=\"_ _2\"></span>,540<span class=\"_ _4\"></span>)<span class=\"_ _5f\"> </span><span class=\"ls134 ws145\">1<span class=\"_ _0\"></span>,14<span class=\"_ _0\"></span>7<span class=\"_ _6c\"> </span><span class=\"lsbd wsb4\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>3)<span class=\"_ _76\"> </span><span class=\"ff84 lsef ws12e\">(4<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>9)<span class=\"_ _46\"> </span><span class=\"lsdd ws3b\">1,10<span class=\"_ _0\"></span>6<span class=\"_ _131\"> </span><span class=\"ls69 ws91\">(<span class=\"_ _0\"></span>3,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>23)<span class=\"_ _363\"> </span></span></span></span></span></span></span>Intangibles<span class=\"_ _2c6\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _e9\"> </span><span class=\"ls68 ws5d\">32,<span class=\"_ _0\"></span>583<span class=\"_ _e9\"> </span>32<span class=\"_ _0\"></span>,583<span class=\"_ _e7\"> </span></span><span class=\"ff84\">\u2013<span class=\"_ _5d\"> </span><span class=\"lsdd ws3b\">3<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>4<span class=\"_ _63\"> </span>3<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span></span></span></span>Pension<span class=\"_ _d9\"> </span><span class=\"ff83 lse8 wsde\">(3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>1)<span class=\"_ _22\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _63\"> </span></span>(<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>01)<span class=\"_ _76\"> </span></span><span class=\"lsdd ws3b\">(<span class=\"_ _3\"></span>1,<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _22\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _1b\"> </span></span>(<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span>(Assets)/Liabilities<span class=\"_ _2c7\"> </span><span class=\"lsbd wsb4\">(8,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>3)<span class=\"_ _e9\"> </span><span class=\"ls33 ws29\">61<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>11<span class=\"_ _5b\"> </span><span class=\"lsa7 ws9c\">52<span class=\"_ _0\"></span>,94<span class=\"_ _0\"></span>8<span class=\"_ _1b\"> </span><span class=\"ff84 ls144 ws152\">(<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>3)<span class=\"_ _11f\"> </span><span class=\"ls36 wsf\">56,4<span class=\"_ _0\"></span>02<span class=\"_ _5d\"> </span><span class=\"ls143 ws151\">4<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>6<span class=\"_ _34\"> </span>0<span class=\"_ _34\"></span>9<span class=\"_ _363\"> </span></span></span></span></span></span></span>Th<span class=\"_ _0\"></span>e movem<span class=\"_ _0\"></span>ent in th<span class=\"_ _0\"></span>e defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax ass<span class=\"_ _0\"></span>et ref<span class=\"_ _0\"></span>lec<span class=\"_ _0\"></span>ts an in<span class=\"_ _0\"></span>crease i<span class=\"_ _0\"></span>n the d<span class=\"_ _0\"></span>eferre<span class=\"_ _0\"></span>d ta<span class=\"_ _0\"></span>x asset o<span class=\"_ _0\"></span>n the p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on sch<span class=\"_ _0\"></span>eme d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>icit a<span class=\"_ _0\"></span>nd an in<span class=\"_ _0\"></span>crease in t<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>ferre<span class=\"_ _0\"></span>d tax as<span class=\"_ _0\"></span>set in re<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>ct of pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ty, plant and e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>ent of<span class=\"_ _0\"></span>fset by a d<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>rease in t<span class=\"_ _0\"></span>he defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax as<span class=\"_ _0\"></span>set on e<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>oyee sh<span class=\"_ _0\"></span>are sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s and oth<span class=\"_ _0\"></span>er items<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>At 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2, t<span class=\"_ _0\"></span>here we<span class=\"_ _0\"></span>re unre<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax ass<span class=\"_ _0\"></span>ets in rel<span class=\"_ _0\"></span>ation to c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al los<span class=\"_ _0\"></span>ses of \u00a30.7 million (31 De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>021<span class=\"_ _2\"></span>: \u00a3<span class=\"_ _0\"></span>3.<span class=\"_ _2\"></span>1 millio<span class=\"_ _0\"></span>n), tra<span class=\"_ _0\"></span>din<span class=\"_ _0\"></span>g los<span class=\"_ _0\"></span>ses of \u00a31<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>1 milli<span class=\"_ _0\"></span>on (31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 2021<span class=\"_ _2\"></span>: \u00a31.<span class=\"_ _5\"></span>1 mi<span class=\"_ _0\"></span>llion) and de<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>tible te<span class=\"_ _0\"></span>mpor<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y dif<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>es of \u00a36.9 milli<span class=\"_ _0\"></span>on (31 De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>021<span class=\"_ _2\"></span>: \u00a38<span class=\"_ _0\"></span>.5 milli<span class=\"_ _0\"></span>on).<span class=\"_ _363\"> </span>Defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax as<span class=\"_ _0\"></span>sets wer<span class=\"_ _0\"></span>e not rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>sed in re<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>ct of ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n capi<span class=\"_ _0\"></span>tal lo<span class=\"_ _0\"></span>sses as t<span class=\"_ _0\"></span>hey c<span class=\"_ _0\"></span>an onl<span class=\"_ _0\"></span>y be re<span class=\"_ _0\"></span>covere<span class=\"_ _0\"></span>d agains<span class=\"_ _0\"></span>t cer<span class=\"_ _3\"></span>tain cl<span class=\"_ _0\"></span>asses of ta<span class=\"_ _0\"></span>xabl<span class=\"_ _0\"></span>e profi<span class=\"_ _0\"></span>ts. T<span class=\"_ _0\"></span>he D<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>tors be<span class=\"_ _0\"></span>lieve t<span class=\"_ _0\"></span>hat it is not p<span class=\"_ _0\"></span>robab<span class=\"_ _0\"></span>le that s<span class=\"_ _0\"></span>uch pr<span class=\"_ _0\"></span>ofits w<span class=\"_ _0\"></span>ill aris<span class=\"_ _0\"></span>e in the fore<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>eabl<span class=\"_ _0\"></span>e futu<span class=\"_ _0\"></span>re. Th<span class=\"_ _0\"></span>e tradi<span class=\"_ _0\"></span>ng los<span class=\"_ _0\"></span>ses aro<span class=\"_ _0\"></span>se in ent<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s that have incu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d loss<span class=\"_ _0\"></span>es in rec<span class=\"_ _0\"></span>ent ye<span class=\"_ _0\"></span>ars and t<span class=\"_ _0\"></span>he D<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>tors be<span class=\"_ _0\"></span>lieve th<span class=\"_ _0\"></span>at it is not p<span class=\"_ _0\"></span>robab<span class=\"_ _0\"></span>le the<span class=\"_ _0\"></span>re will be su<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>nt taxa<span class=\"_ _0\"></span>ble prof<span class=\"_ _0\"></span>its in t<span class=\"_ _0\"></span>he rel<span class=\"_ _0\"></span>evant e<span class=\"_ _0\"></span>ntiti<span class=\"_ _0\"></span>es agains<span class=\"_ _0\"></span>t which t<span class=\"_ _0\"></span>hey c<span class=\"_ _0\"></span>an be u<span class=\"_ _0\"></span>tilise<span class=\"_ _0\"></span>d. S<span class=\"_ _0\"></span>epa<span class=\"_ _0\"></span>rately, the Dire<span class=\"_ _0\"></span>ctor<span class=\"_ _0\"></span>s beli<span class=\"_ _0\"></span>eve that i<span class=\"_ _0\"></span>t is not pro<span class=\"_ _0\"></span>babl<span class=\"_ _0\"></span>e the d<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>ctibl<span class=\"_ _0\"></span>e temp<span class=\"_ _0\"></span>orar<span class=\"_ _3\"></span>y dif<span class=\"_ _0\"></span>feren<span class=\"_ _0\"></span>ces will b<span class=\"_ _0\"></span>e utilis<span class=\"_ _0\"></span>ed<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>An<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ysi<span class=\"_ _0\"></span>s of Ne<span class=\"_ _0\"></span>t D<span class=\"_ _0\"></span>efe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ed Tax (A<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t)/L<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y \u2013 20<span class=\"_ _0\"></span>22<span class=\"_ _363\"> </span>Balance<span class=\"_ _363\"> </span>1 Ja<span class=\"_ _0\"></span>n 22<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Reco<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed  in profit<span class=\"_ _363\"> </span>or loss<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Recognised in equity/other<span class=\"_ _363\"> </span>comprehen<span class=\"_ _0\"></span>sive<span class=\"_ _363\"> </span>income<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Foreign<span class=\"_ _363\"> </span>exch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge<span class=\"_ _363\"> </span>retranslation<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Ar<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g on<span class=\"_ _363\"> </span>acquisitions<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Balance<span class=\"_ _363\"> </span>31 De<span class=\"_ _0\"></span>c 22<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>ent<span class=\"_ _17\"> </span><span class=\"ff83 ls8b ws7c\">23,<span class=\"_ _0\"></span>243<span class=\"_ _46\"> </span><span class=\"ls155 ws169\">2<span class=\"_ _3\"></span>,78<span class=\"_ _3\"></span>3<span class=\"_ _128\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _11d\"> </span><span class=\"ls18 ws12\">852<span class=\"_ _1f\"> </span><span class=\"ls31 ws27\">(10<span class=\"_ _0\"></span>)<span class=\"_ _2c\"> </span><span class=\"ls1a ws7d\">26,<span class=\"_ _0\"></span>86<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span></span></span></span></span></span>Employee share schemes<span class=\"_ _2c8\"> </span><span class=\"ff83 ls35 ws2b\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9)<span class=\"_ _1ca\"> </span><span class=\"ls6b wsb\">88<span class=\"_ _6d\"> </span><span class=\"ls89 wsd0\">1,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>12<span class=\"_ _79\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _71\"> </span></span></span></span>(9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span></span>Other items<span class=\"_ _2b6\"> </span><span class=\"ff83 lsbd wsb4\">(3,6<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3)<span class=\"_ _63\"> </span><span class=\"ls22 ws66\">1,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _79\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _8a\"> </span><span class=\"lsa7 ws9c\">(5)<span class=\"_ _8b\"> </span></span>\u2013<span class=\"_ _126\"> </span></span></span>(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>3)<span class=\"_ _363\"> </span></span>Intangibles<span class=\"_ _230\"> </span><span class=\"ff83 ls22 ws66\">3<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>4<span class=\"_ _6c\"> </span><span class=\"ls157 ws16b\">(4<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _8b\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _6e\"> </span></span></span>1,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>6<span class=\"_ _6e\"> </span></span><span class=\"ff83\">3,60<span class=\"_ _0\"></span>2<span class=\"_ _20\"> </span><span class=\"ls68 ws5d\">32,583<span class=\"_ _363\"> </span></span></span>Pension<span class=\"_ _2c9\"> </span><span class=\"ff83 ls22 ws66\">(<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _71\"> </span><span class=\"ls2 ws0\">969<span class=\"_ _126\"> </span><span class=\"lsbd wsb4\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>8)<span class=\"_ _1ca\"> </span><span class=\"ls8b ws7c\">24<span class=\"_ _e7\"> </span></span></span>\u2013<span class=\"_ _6c\"> </span><span class=\"lse8 wsde\">(3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>1)<span class=\"_ _363\"> </span></span></span></span>4<span class=\"_ _0\"></span>7,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>0<span class=\"_ _34\"></span>9<span class=\"_ _1c\"> </span><span class=\"lsc2 ws168\">74<span class=\"_ _0\"></span>6<span class=\"_ _5f\"> </span><span class=\"ls22 ws66\">(<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _63\"> </span><span class=\"lsdb wsb1\">2,<span class=\"_ _0\"></span>247<span class=\"_ _46\"> </span><span class=\"lsa7 ws9c\">3,<span class=\"_ _0\"></span>592<span class=\"_ _20\"> </span>52<span class=\"_ _0\"></span>,94<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span></span></span></span>25. <span class=\"_ _1f2\"> </span>Deferred T<span class=\"_ _2\"></span>a<span class=\"_ _4\"></span>xation<span class=\"_ _2\"></span><span class=\"ff85 ls9d ws54\"> c<span class=\"_ _0\"></span>ontin<span class=\"_ _0\"></span>ued<span class=\"_ _363\"> </span></span>An<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ysi<span class=\"_ _0\"></span>s of Ne<span class=\"_ _0\"></span>t D<span class=\"_ _0\"></span>efe<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ed Tax (A<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t)/L<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bil<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y \u2013 20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Balance<span class=\"_ _363\"> </span>1 Jan 21<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Recognise<span class=\"_ _0\"></span>d <span class=\"ls2 ws0\"> </span>in pro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t<span class=\"_ _363\"> </span>or loss<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Recognise<span class=\"_ _0\"></span>d <span class=\"ls2 ws0\"> </span>in pro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t<span class=\"_ _363\"> </span>or loss (discontinued)<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Recognise<span class=\"_ _0\"></span>d in equity/<span class=\"_ _2\"></span>other<span class=\"_ _363\"> </span>comprehensive<span class=\"_ _363\"> </span>income<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Foreign<span class=\"_ _363\"> </span>exch<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>e<span class=\"_ _363\"> </span>retransl<span class=\"_ _0\"></span>ation<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Ar<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>ng on<span class=\"_ _363\"> </span>disposal<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Ar<span class=\"_ _0\"></span>isi<span class=\"_ _0\"></span>ng on<span class=\"_ _363\"> </span>acquisitions<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Balance<span class=\"_ _363\"> </span>31 De<span class=\"_ _0\"></span>c 21<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>ent<span class=\"_ _181\"> </span><span class=\"ls37 ws2d\">2<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>16<span class=\"_ _40\"> </span><span class=\"ls13 ws22\">4<span class=\"_ _0\"></span>,8<span class=\"_ _0\"></span>27<span class=\"_ _60\"> </span><span class=\"ls132 ws146\">3<span class=\"_ _3\"></span>,1<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>6<span class=\"_ _79\"> </span></span></span></span><span class=\"ls2\">\u2013<span class=\"_ _d0\"> </span><span class=\"lsa2 ws97\">(9<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>6)<span class=\"_ _b5\"> </span><span class=\"ls89 wsd0\">(<span class=\"_ _3\"></span>12<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>)<span class=\"_ _20\"> </span><span class=\"ls20 ws19\">23<span class=\"_ _27\"> </span></span></span>23<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>24<span class=\"_ _3\"></span>3<span class=\"_ _363\"> </span></span></span>Employee share schemes<span class=\"_ _2ca\"> </span><span class=\"ls69 ws91\">(9<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>3)<span class=\"_ _b2\"> </span><span class=\"ls14e ws15e\">(<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>74<span class=\"_ _3\"></span>)<span class=\"_ _8a\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _141\"> </span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _8a\"> </span></span>\u2013<span class=\"_ _6e\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _98\"> </span><span class=\"ls105 ws162\">(2<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span></span></span></span></span>Other items<span class=\"_ _10\"> </span><span class=\"ls106 wsf9\">346<span class=\"_ _c0\"> </span><span class=\"ls12a wsab\">(<span class=\"_ _4\"></span>3,298<span class=\"_ _2\"></span>)<span class=\"_ _8b\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _1f\"> </span><span class=\"lsef ws12e\">(6<span class=\"_ _0\"></span>2)<span class=\"_ _5f\"> </span></span>\u2013<span class=\"_ _2f\"> </span><span class=\"lsef ws12e\">(6<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>9)<span class=\"_ _c5\"> </span><span class=\"ls69 ws91\">(<span class=\"_ _0\"></span>3,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>23)<span class=\"_ _363\"> </span></span></span></span></span></span>Intangibles<span class=\"_ _2cb\"> </span><span class=\"lsdd ws3b\">2<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>4<span class=\"_ _c2\"> </span><span class=\"ls12f ws7a\">(5<span class=\"_ _0\"></span>35<span class=\"_ _0\"></span>)<span class=\"_ _5f\"> </span><span class=\"ls12a wsab\">1<span class=\"_ _2\"></span>,000<span class=\"_ _114\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _46\"> </span><span class=\"lsdf wsd6\">(<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>11)<span class=\"_ _1eb\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>9)<span class=\"_ _c7\"> </span><span class=\"ls19 ws13\">15<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>5<span class=\"_ _c6\"> </span><span class=\"lsdd ws3b\">3<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span></span></span></span></span></span></span></span></span>Pension<span class=\"_ _2ac\"> </span><span class=\"ls35 ws2b\">(8<span class=\"_ _3\"></span>,6<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>0)<span class=\"_ _eb\"> </span><span class=\"lsdd ws3b\">3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>18<span class=\"_ _79\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _60\"> </span><span class=\"ls89 wsd0\">3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>12<span class=\"_ _d1\"> </span><span class=\"ls8a ws7b\">94<span class=\"_ _6e\"> </span></span></span>\u2013<span class=\"_ _6e\"> </span>\u2013<span class=\"_ _dc\"> </span></span>(<span class=\"_ _3\"></span>1,<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span>41<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>13<span class=\"_ _40\"> </span><span class=\"ls1f wsc\">4,438<span class=\"_ _60\"> </span><span class=\"ls132 ws146\">4<span class=\"_ _3\"></span>,14<span class=\"_ _34\"></span>6<span class=\"_ _112\"> </span>2<span class=\"_ _3\"></span>,12<span class=\"_ _3\"></span>0<span class=\"_ _131\"> </span><span class=\"ls8a ws7b\">(1<span class=\"_ _5\"></span>,945)<span class=\"_ _b5\"> </span><span class=\"lsa7 ws9c\">(1<span class=\"_ _2\"></span>6,9<span class=\"_ _0\"></span>62)<span class=\"_ _c7\"> </span><span class=\"lse8 wsde\">14<span class=\"_ _3\"></span>,7<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>9<span class=\"_ _c3\"> </span><span class=\"ls143 ws151\">4<span class=\"_ _3\"></span>7,<span class=\"_ _34\"></span>6<span class=\"_ _3\"></span>0<span class=\"_ _34\"> </span>9<span class=\"_ _363\"> </span></span></span></span></span></span></span>26. <span class=\"_ _1f2\"> </span>Mov<span class=\"_ _2\"></span>ement in Wor<span class=\"_ _2\"></span>king Capital<span class=\"_ _363\"> </span>Inven<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>y \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>rade and<span class=\"_ _363\"> </span>other receivables \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>rade and<span class=\"_ _363\"> </span>other payables \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>At 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>021<span class=\"_ _197\"> </span><span class=\"ff84 lsdd ws3b\">3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>8<span class=\"_ _b0\"> </span><span class=\"lsa7 ws9c\">3<span class=\"_ _0\"></span>36,9<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>4<span class=\"_ _1ed\"> </span><span class=\"ls8a ws7b\">(<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>45,<span class=\"_ _2\"></span>949<span class=\"_ _2\"></span>)<span class=\"_ _2f\"> </span><span class=\"lsdf wsd6\">112<span class=\"_ _34\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _34\"></span>3<span class=\"_ _363\"> </span></span></span></span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _16b\"> </span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>10<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>6<span class=\"_ _34\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _c4\"> </span><span class=\"lse4 wsdc\">(8,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>6)<span class=\"_ _e9\"> </span><span class=\"ls19 ws13\">15<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>1<span class=\"_ _1b\"> </span><span class=\"ls105 ws162\">(3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span></span></span></span></span>Acqui<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>ns (Note 27<span class=\"_ _0\"></span>)<span class=\"_ _217\"> </span><span class=\"lsdd ws3b\">5<span class=\"_ _0\"></span>1,7<span class=\"_ _3\"></span>17<span class=\"_ _11a\"> </span><span class=\"lsc0 ws9a\">22,6<span class=\"_ _0\"></span>40<span class=\"_ _64\"> </span><span class=\"ls160 ws17b\">(<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>4,<span class=\"_ _2\"></span>777)<span class=\"_ _11f\"> </span><span class=\"ls13 ws22\">59,5<span class=\"_ _0\"></span>80<span class=\"_ _363\"> </span></span></span></span></span>Disposal of Gr<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>up businesses (No<span class=\"_ _4\"></span>te 27)<span class=\"_ _2cc\"> </span><span class=\"ls69 ws91\">(9<span class=\"_ _0\"></span>9,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>3)<span class=\"_ _b2\"> </span><span class=\"lse0 wsd7\">(<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>16<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>13<span class=\"_ _0\"></span>)<span class=\"_ _2f\"> </span><span class=\"lsa2 ws97\">242,<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>67<span class=\"_ _2cd\"> </span><span class=\"ls144 ws152\">(<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span></span></span></span></span>Deferred<span class=\"_ _2\"></span> acquisition<span class=\"_ _2\"></span> consideration<span class=\"_ _2\"></span> (Note 2<span class=\"_ _2\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _2a1\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _141\"> </span><span class=\"ls14 wsb9\">(1<span class=\"_ _2\"></span>,0<span class=\"_ _0\"></span>07<span class=\"_ _0\"></span>)<span class=\"_ _11a\"> </span>(1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>007<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span>Movem<span class=\"_ _0\"></span>ent in 20<span class=\"_ _0\"></span>21<span class=\"_ _242\"> </span><span class=\"lsdd ws3b\">8<span class=\"_ _3\"></span>1,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>14<span class=\"_ _5d\"> </span><span class=\"ls12a wsab\">98,461<span class=\"_ _69\"> </span><span class=\"ls106 wsf9\">(1<span class=\"_ _5\"></span>1<span class=\"_ _2\"></span>5,<span class=\"_ _4\"></span>346<span class=\"_ _4\"></span>)<span class=\"_ _64\"> </span><span class=\"ls132 ws146\">6<span class=\"_ _34\"> </span>4<span class=\"_ _3\"></span>,12<span class=\"_ _3\"></span>9<span class=\"_ _363\"> </span></span></span></span></span>At 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2<span class=\"_ _156\"> </span><span class=\"ls6c ws61\">344,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>72<span class=\"_ _2f\"> </span><span class=\"ls47 ws3d\">233,<span class=\"_ _0\"></span>486<span class=\"_ _b4\"> </span><span class=\"ls33 ws29\">(<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>19<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>111<span class=\"_ _0\"></span>)<span class=\"_ _b2\"> </span><span class=\"ls89 wsd0\">15<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>7<span class=\"_ _363\"> </span></span></span></span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _19a\"> </span><span class=\"ff83 ls134 ws145\">13<span class=\"_ _3\"></span>,16<span class=\"_ _3\"></span>8<span class=\"_ _6d\"> </span><span class=\"ls155 ws169\">8<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9<span class=\"_ _11f\"> </span><span class=\"ls6c ws61\">(1<span class=\"_ _2\"></span>4,548)<span class=\"_ _126\"> </span><span class=\"ls146 ws155\">7,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>9<span class=\"_ _363\"> </span></span></span></span></span>Acqui<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>ns (Note 27<span class=\"_ _0\"></span>)<span class=\"_ _246\"> </span><span class=\"ff83 ls146 ws155\">7,<span class=\"_ _3\"></span>5<span class=\"_ _34\"></span>6<span class=\"_ _0\"></span>1<span class=\"_ _6d\"> </span><span class=\"ls155 ws169\">8<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>8<span class=\"_ _63\"> </span><span class=\"lsa7 ws9c\">(5,69<span class=\"_ _0\"></span>5)<span class=\"_ _21\"> </span><span class=\"ls13 ws22\">1<span class=\"_ _2\"></span>0,65<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span></span></span></span>Deferred<span class=\"_ _2\"></span> acquisition<span class=\"_ _2\"></span> consideration<span class=\"_ _2\"></span> (Note 2<span class=\"_ _2\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _2a1\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _6c\"> </span><span class=\"ls134 ws145\">(<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,19<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>)<span class=\"_ _11a\"> </span>(<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>,19<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span></span>Deferred<span class=\"_ _2\"></span> acquisition<span class=\"_ _2\"></span> consideration<span class=\"_ _2\"></span> paid<span class=\"_ _2a5\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _128\"> </span>\u2013<span class=\"_ _66\"> </span><span class=\"ls72 wse\">4,000<span class=\"_ _131\"> </span>4,000<span class=\"_ _363\"> </span></span></span>Movem<span class=\"_ _0\"></span>ent in 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2<span class=\"_ _150\"> </span><span class=\"ff83 ls13 ws22\">34<span class=\"_ _0\"></span>,66<span class=\"_ _0\"></span>4<span class=\"_ _5d\"> </span><span class=\"ls33 ws29\">1<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>11<span class=\"_ _76\"> </span><span class=\"ls134 ws145\">19<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>8<span class=\"_ _c4\"> </span><span class=\"ls22 ws66\">7<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>3<span class=\"_ _363\"> </span></span></span></span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _223\"> </span><span class=\"ls15 ws32\">39<span class=\"_ _0\"></span>9,5<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>5<span class=\"_ _96\"> </span><span class=\"ls146 ws155\">2<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>9<span class=\"_ _34\"></span>4<span class=\"_ _b2\"> </span><span class=\"ls13 ws22\">(420,653)<span class=\"_ _1af\"> </span>24<span class=\"_ _0\"></span>6,6<span class=\"_ _0\"></span>06<span class=\"_ _363\"> </span></span></span></span>Working Capital<span class=\"_ _2\"></span> Movement in 2<span class=\"_ _4\"></span>021<span class=\"_ _363\"> </span>Disconti<span class=\"_ _2\"></span>nued operations<span class=\"_ _15d\"> </span><span class=\"ls19 ws13\">6<span class=\"_ _3\"></span>,15<span class=\"_ _3\"></span>8<span class=\"_ _126\"> </span><span class=\"ls161 ws17c\">63,<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>63<span class=\"_ _64\"> </span><span class=\"lsef ws12e\">(62<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>42<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _66\"> </span><span class=\"ls143 ws151\">7,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>9<span class=\"_ _34\"> </span>4<span class=\"_ _363\"> </span></span></span></span></span>Continu<span class=\"_ _2\"></span>ing operation<span class=\"_ _4\"></span>s<span class=\"_ _15b\"> </span><span class=\"ls14e ws15e\">74<span class=\"_ _3\"></span>,<span class=\"_ _34\"></span>8<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>6<span class=\"_ _5d\"> </span><span class=\"ls8b ws7c\">3<span class=\"_ _0\"></span>4,6<span class=\"_ _0\"></span>98<span class=\"_ _20\"> </span><span class=\"ls3f ws36\">(<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>919<span class=\"_ _0\"></span>)<span class=\"_ _64\"> </span></span>5<span class=\"_ _0\"></span>6,6<span class=\"_ _0\"></span>35<span class=\"_ _363\"> </span></span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _2ce\"> </span><span class=\"ff84 lsdd ws3b\">8<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>14<span class=\"_ _5d\"> </span><span class=\"ls12a wsab\">98,461<span class=\"_ _2f\"> </span><span class=\"ls106 wsf9\">(<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>1<span class=\"_ _5\"></span>5,346)<span class=\"_ _64\"> </span><span class=\"ls132 ws146\">6<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,1<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>9<span class=\"_ _363\"> </span></span></span></span></span>27<span class=\"_ _2\"></span>. <span class=\"_ _38\"> </span>Acquisition &amp; Disposal<span class=\"_ _4\"></span>s of Subsidiary Undertakings and Businesses<span class=\"_ _2\"></span> Acquisition<span class=\"_ _2\"></span> of Subsidiary Undertakings and Businesses<span class=\"_ _363\"> </span>On 1<span class=\"_ _2\"></span>1 Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2, t<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p acqui<span class=\"_ _0\"></span>red th<span class=\"_ _0\"></span>e entire s<span class=\"_ _0\"></span>hare ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al of Regt<span class=\"_ _0\"></span>s B.<span class=\"_ _2\"></span>V<span class=\"_ _2\"></span>. (<span class=\"_ _0\"></span>\u201c<span class=\"_ _0\"></span>Reg<span class=\"_ _0\"></span>ts\u201d<span class=\"_ _3\"></span>). Regts is a d<span class=\"_ _0\"></span>istr<span class=\"_ _0\"></span>ibutor of to<span class=\"_ _0\"></span>ols, ir<span class=\"_ _0\"></span>onmo<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y and f<span class=\"_ _0\"></span>ix<span class=\"_ _0\"></span>ings <span class=\"ls2\"> </span>in the N<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>ands wi<span class=\"_ _0\"></span>th a stro<span class=\"_ _0\"></span>ng mar<span class=\"_ _0\"></span>ket po<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on in th<span class=\"_ _0\"></span>e provin<span class=\"_ _0\"></span>ce of Frie<span class=\"_ _0\"></span>sland w<span class=\"_ _0\"></span>here i<span class=\"_ _0\"></span>t trad<span class=\"_ _0\"></span>es fro<span class=\"_ _0\"></span>m fi<span class=\"_ _0\"></span>ve bran<span class=\"_ _0\"></span>ches<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e acqu<span class=\"_ _0\"></span>isiti<span class=\"_ _0\"></span>on is inc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ated in the Netherlands<span class=\"_ _4\"></span> Distribution segment.<span class=\"_ _363\"> </span>On 14 Febru<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>22 t<span class=\"_ _0\"></span>he ent<span class=\"_ _0\"></span>ire share c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>tal of Woodf<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>or Ware<span class=\"_ _0\"></span>hous<span class=\"_ _0\"></span>e Limi<span class=\"_ _0\"></span>ted (<span class=\"_ _0\"></span>Wood<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>r) was acquire<span class=\"_ _0\"></span>d. Woo<span class=\"_ _0\"></span>df<span class=\"_ _0\"></span>loo<span class=\"_ _0\"></span>r is a leadi<span class=\"_ _0\"></span>ng in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>store an<span class=\"_ _0\"></span>d online<span class=\"_ _0\"></span> timb<span class=\"_ _0\"></span>er f<span class=\"_ _0\"></span>loo<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g distr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tor tradi<span class=\"_ _0\"></span>ng fro<span class=\"_ _0\"></span>m two br<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>hes in N<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n Irelan<span class=\"_ _0\"></span>d and fro<span class=\"_ _0\"></span>m one b<span class=\"_ _0\"></span>ranc<span class=\"_ _0\"></span>h in th<span class=\"_ _0\"></span>e UK<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is inc<span class=\"_ _0\"></span>orp<span class=\"_ _0\"></span>orate<span class=\"_ _0\"></span>d in the U<span class=\"_ _0\"></span>K Distribution segme<span class=\"_ _0\"></span>nt.<span class=\"_ _363\"> </span>On 28 F<span class=\"_ _0\"></span>ebr<span class=\"_ _0\"></span>uar<span class=\"_ _3\"></span>y 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>eted th<span class=\"_ _0\"></span>e acquis<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n of the e<span class=\"_ _0\"></span>ntire share c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>tal of Si<span class=\"_ _0\"></span>tetech Bu<span class=\"_ _0\"></span>ilding P<span class=\"_ _0\"></span>rodu<span class=\"_ _0\"></span>cts L<span class=\"_ _0\"></span>imited (<span class=\"_ _0\"></span>\u201c<span class=\"_ _0\"></span>Si<span class=\"_ _0\"></span>tetech\u201d<span class=\"_ _3\"></span>), a distr<span class=\"_ _0\"></span>ibuto<span class=\"_ _0\"></span>r of spe<span class=\"_ _0\"></span>cialist c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on ac<span class=\"_ _0\"></span>cess<span class=\"_ _0\"></span>ori<span class=\"_ _0\"></span>es in Irel<span class=\"_ _0\"></span>and wh<span class=\"_ _0\"></span>ere th<span class=\"_ _0\"></span>e busine<span class=\"_ _0\"></span>ss tra<span class=\"_ _0\"></span>des fr<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>wo loc<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns in Dub<span class=\"_ _0\"></span>lin and C<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>k. T<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>cquisi<span class=\"_ _0\"></span>tion i<span class=\"_ _0\"></span>s inco<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>orated<span class=\"_ _0\"></span> in the Ir<span class=\"_ _0\"></span>ish Di<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>ibut<span class=\"_ _0\"></span>ion se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt.<span class=\"_ _363\"> </span>Non<span class=\"_ _0\"></span>e of thes<span class=\"_ _0\"></span>e acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns were indi<span class=\"_ _0\"></span>vidu<span class=\"_ _0\"></span>ally mater<span class=\"_ _0\"></span>ial for s<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>ate disclo<span class=\"_ _0\"></span>sure und<span class=\"_ _0\"></span>er IF<span class=\"_ _0\"></span>RS<span class=\"_ _0\"></span>3.<span class=\"_ _363\"> </span>Goo<span class=\"_ _0\"></span>dwill o<span class=\"_ _0\"></span>n thes<span class=\"_ _0\"></span>e acquis<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>ns ref<span class=\"_ _0\"></span>lec<span class=\"_ _0\"></span>ts th<span class=\"_ _0\"></span>e antic<span class=\"_ _0\"></span>ipated pu<span class=\"_ _0\"></span>rchasin<span class=\"_ _0\"></span>g and op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ional s<span class=\"_ _0\"></span>yne<span class=\"_ _0\"></span>rgies t<span class=\"_ _0\"></span>hat sho<span class=\"_ _0\"></span>uld be re<span class=\"_ _0\"></span>alise<span class=\"_ _0\"></span>d as par<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e enla<span class=\"_ _0\"></span>rged G<span class=\"_ _0\"></span>roup.<span class=\"_ _363\"> </span>27<span class=\"_ _2\"></span>. <span class=\"_ _38\"> </span>Acquisition &amp; Disposal<span class=\"_ _4\"></span>s of Subsidiary Undertakings and Businesses<span class=\"_ _2\"></span><span class=\"ff85 ls9d ws54\"> c<span class=\"_ _0\"></span>ontinu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Acquisition<span class=\"_ _2\"></span> of Subsidiary Undertakings and Businesses<span class=\"_ _2\"></span><span class=\"ff85 ls36 wsf\"> c<span class=\"_ _0\"></span>ontinue<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e fair value<span class=\"_ _0\"></span>s of assets a<span class=\"_ _0\"></span>nd liabi<span class=\"_ _0\"></span>litie<span class=\"_ _0\"></span>s acqui<span class=\"_ _0\"></span>red in 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 are set o<span class=\"_ _0\"></span>ut be<span class=\"_ _0\"></span>low:<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>ent (N<span class=\"_ _0\"></span>ote 1<span class=\"_ _2\"></span>3a)<span class=\"_ _221\"> </span><span class=\"ff83 lsa7 ws9c\">4,659<span class=\"_ _363\"> </span></span>Right-of-use asset (Not<span class=\"_ _4\"></span>e 1<span class=\"_ _2\"></span>3b<span class=\"_ _4\"></span>)<span class=\"_ _2cf\"> </span><span class=\"ff83 ls12a wsab\">2,<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>45<span class=\"_ _363\"> </span></span>Intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>ets \u2013 cu<span class=\"_ _0\"></span>stome<span class=\"_ _0\"></span>r relati<span class=\"_ _0\"></span>onship<span class=\"_ _0\"></span>s (Note 1<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _17f\"> </span><span class=\"ff83 ls146 ws155\">17,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _363\"> </span></span>Intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>ets \u2013 tr<span class=\"_ _0\"></span>ade na<span class=\"_ _0\"></span>mes (N<span class=\"_ _0\"></span>ote 1<span class=\"_ _2\"></span>5)<span class=\"_ _2d0\"> </span><span class=\"ff83 ls20 ws19\">2,889<span class=\"_ _363\"> </span></span>Inventori<span class=\"_ _0\"></span>es (Note 26)<span class=\"_ _2d1\"> </span><span class=\"ff83 ls146 ws155\">7,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>1<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r rec<span class=\"_ _0\"></span>eivab<span class=\"_ _0\"></span>les (N<span class=\"_ _0\"></span>ote 26)<span class=\"_ _281\"> </span><span class=\"ff83 ls155 ws169\">8<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r payable<span class=\"_ _0\"></span>s (Note 26)<span class=\"_ _168\"> </span><span class=\"ff83 lsa7 ws9c\">(5,695)<span class=\"_ _363\"> </span></span>Lease liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y<span class=\"_ _257\"> </span><span class=\"ff83 ls12a wsab\">(<span class=\"_ _2\"></span>2,7<span class=\"_ _5\"></span>45)<span class=\"_ _363\"> </span></span>Co<span class=\"_ _0\"></span>rpo<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on ta<span class=\"_ _0\"></span>x liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _251\"> </span><span class=\"ff83 ls31 ws27\">(<span class=\"_ _0\"></span>10<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>Defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>y (N<span class=\"_ _0\"></span>ote 25)<span class=\"_ _2c5\"> </span><span class=\"ff83 lse4 wsdc\">(3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>59<span class=\"_ _0\"></span>2)<span class=\"_ _363\"> </span></span>Cash ac<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d<span class=\"_ _2d2\"> </span><span class=\"ff83 ls8b ws7c\">5,879<span class=\"_ _363\"> </span></span>Net as<span class=\"_ _0\"></span>sets ac<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d<span class=\"_ _1d2\"> </span><span class=\"ff83 ls60 ws5c\">38<span class=\"_ _4\"></span>,089<span class=\"_ _363\"> </span></span>Goo<span class=\"_ _0\"></span>dwill (N<span class=\"_ _0\"></span>ote 1<span class=\"_ _2\"></span>2)<span class=\"_ _26c\"> </span><span class=\"ff83 ls36 wsf\">1<span class=\"_ _2\"></span>8,965<span class=\"_ _363\"> </span></span>Consideration<span class=\"_ _2d3\"> </span><span class=\"ls146 ws155\">5<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span></span>Sat<span class=\"_ _0\"></span>isfi<span class=\"_ _0\"></span>ed by<span class=\"_ _0\"></span>: Cash paid<span class=\"_ _2d4\"> </span><span class=\"ff83 ls22 ws66\">5<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>7<span class=\"_ _363\"> </span></span>Defer<span class=\"_ _0\"></span>red c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ation (<span class=\"_ _0\"></span>Note 26)<span class=\"_ _1db\"> </span><span class=\"ff83 ls134 ws145\">5<span class=\"_ _3\"></span>,19<span class=\"_ _0\"></span>7<span class=\"_ _363\"> </span></span>5<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span>Ne<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>sh o<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ow \u2013 ar<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g on ac<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>uis<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>Cash con<span class=\"_ _2\"></span>sideration<span class=\"_ _2d5\"> </span><span class=\"ff83 ls22 ws66\">5<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>7<span class=\"_ _363\"> </span></span>Less: c<span class=\"_ _0\"></span>ash and c<span class=\"_ _0\"></span>ash eq<span class=\"_ _0\"></span>uival<span class=\"_ _0\"></span>ents ac<span class=\"_ _0\"></span>quired<span class=\"_ _194\"> </span><span class=\"ff83 ls35 ws2b\">(<span class=\"_ _0\"></span>5,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span></span>45,978<span class=\"_ _363\"> </span>Acqui<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>ns would h<span class=\"_ _0\"></span>ave cont<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>ted reven<span class=\"_ _0\"></span>ue of \u00a359.4 m<span class=\"_ _0\"></span>illion (unaudi<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>) and op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ing prof<span class=\"_ _0\"></span>it of \u00a39<span class=\"_ _0\"></span>.5 million (unaudi<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>) in the y<span class=\"_ _0\"></span>ear en<span class=\"_ _0\"></span>ded<span class=\"_ _0\"></span> 31 De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 on th<span class=\"_ _0\"></span>e assum<span class=\"_ _0\"></span>ption t<span class=\"_ _0\"></span>hat th<span class=\"_ _0\"></span>ey had be<span class=\"_ _0\"></span>en a<span class=\"_ _0\"></span>cquire<span class=\"_ _0\"></span>d on 1 Ja<span class=\"_ _0\"></span>nuar<span class=\"_ _0\"></span>y. Acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns com<span class=\"_ _0\"></span>plete<span class=\"_ _0\"></span>d in 20<span class=\"_ _0\"></span>22 c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ted revenu<span class=\"_ _0\"></span>es <span class=\"ls2\"> </span>of \u00a353<span class=\"_ _0\"></span>.6 million an<span class=\"_ _0\"></span>d ope<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g profi<span class=\"_ _0\"></span>t of \u00a38.<span class=\"_ _0\"></span>4 millio<span class=\"_ _0\"></span>n for the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od fr<span class=\"_ _0\"></span>om th<span class=\"_ _0\"></span>e date of acquisi<span class=\"_ _0\"></span>tion u<span class=\"_ _0\"></span>ntil the y<span class=\"_ _0\"></span>ear en<span class=\"_ _0\"></span>d.<span class=\"_ _363\"> </span>In 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>roup in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>red ac<span class=\"_ _0\"></span>quisit<span class=\"_ _0\"></span>ion re<span class=\"_ _0\"></span>lated co<span class=\"_ _0\"></span>sts of \u00a32<span class=\"_ _0\"></span>.3 m<span class=\"_ _0\"></span>illion (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a34.<span class=\"_ _2\"></span>1 millio<span class=\"_ _0\"></span>n)<span class=\"_ _4\"></span>. Th<span class=\"_ _0\"></span>ese have be<span class=\"_ _0\"></span>en in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed in o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ating c<span class=\"_ _0\"></span>osts i<span class=\"_ _0\"></span>n the Gro<span class=\"_ _0\"></span>up Inco<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>tate<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e of ident<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>able n<span class=\"_ _0\"></span>et asse<span class=\"_ _0\"></span>ts acqu<span class=\"_ _0\"></span>ired in 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 was \u00a33<span class=\"_ _0\"></span>8.<span class=\"_ _2\"></span>1 milli<span class=\"_ _0\"></span>on.<span class=\"_ _363\"> </span>Fair<span class=\"_ _4\"></span> Value<span class=\"_ _2\"></span> \u00a3\u2019000<span class=\"_ _363\"> </span>Consideration \u00a3\u2019000<span class=\"_ _363\"> </span>Goodwill \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>ota<span class=\"_ _2\"></span>l acquisitions<span class=\"_ _22a\"> </span><span class=\"ff83 ls60 ws5c\">38,089<span class=\"_ _5b\"> </span><span class=\"ls146 ws155\">5<span class=\"_ _3\"></span>7,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _34\"></span>4<span class=\"_ _c4\"> </span><span class=\"ls36 wsf\">1<span class=\"_ _2\"></span>8,965<span class=\"_ _363\"> </span></span></span></span>Th<span class=\"_ _0\"></span>ere were n<span class=\"_ _0\"></span>o adjust<span class=\"_ _0\"></span>ments p<span class=\"_ _0\"></span>roc<span class=\"_ _0\"></span>esse<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year to th<span class=\"_ _0\"></span>e fair value of b<span class=\"_ _0\"></span>usines<span class=\"_ _0\"></span>s com<span class=\"_ _0\"></span>binati<span class=\"_ _0\"></span>ons c<span class=\"_ _0\"></span>ompl<span class=\"_ _0\"></span>eted du<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he year e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 2021.<span class=\"_ _363\"> </span>Defer<span class=\"_ _0\"></span>red c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ation is p<span class=\"_ _0\"></span>ayable w<span class=\"_ _0\"></span>ithin 3 ye<span class=\"_ _0\"></span>ars f<span class=\"_ _0\"></span>rom th<span class=\"_ _0\"></span>e date of acquisi<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>nd is not c<span class=\"_ _0\"></span>ontin<span class=\"_ _0\"></span>gent<span class=\"_ _0\"></span>. In addi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to this defer<span class=\"_ _0\"></span>red c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>derat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, the<span class=\"_ _0\"></span> Group h<span class=\"_ _0\"></span>as an agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent for t<span class=\"_ _0\"></span>wo of the ac<span class=\"_ _0\"></span>quisit<span class=\"_ _0\"></span>ions to make f<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er pay<span class=\"_ _0\"></span>ments to c<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain selli<span class=\"_ _0\"></span>ng share<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s who, as pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t of the a<span class=\"_ _0\"></span>gree<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>, are<span class=\"_ _0\"></span> requi<span class=\"_ _0\"></span>red to remai<span class=\"_ _0\"></span>n in emp<span class=\"_ _0\"></span>loym<span class=\"_ _0\"></span>ent wit<span class=\"_ _0\"></span>h the G<span class=\"_ _0\"></span>roup for t<span class=\"_ _0\"></span>he defe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d per<span class=\"_ _0\"></span>iod<span class=\"_ _363\"> </span>Disposal of<span class=\"_ _2\"></span> Subsidiar<span class=\"_ _0\"></span>y Undertakings and Business<span class=\"_ _2\"></span>es<span class=\"_ _363\"> </span>Traditional Merchanting Busines<span class=\"_ _4\"></span>s in Great Bri<span class=\"_ _4\"></span>tain \u2013 Dispos<span class=\"_ _4\"></span>al<span class=\"_ _363\"> </span>In Ap<span class=\"_ _0\"></span>ril 20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p anno<span class=\"_ _0\"></span>unc<span class=\"_ _0\"></span>ed that i<span class=\"_ _0\"></span>t had ap<span class=\"_ _0\"></span>pointe<span class=\"_ _0\"></span>d Rothsc<span class=\"_ _0\"></span>hild &amp; C<span class=\"_ _0\"></span>o to under<span class=\"_ _3\"></span>take a revi<span class=\"_ _0\"></span>ew of a numb<span class=\"_ _0\"></span>er of its t<span class=\"_ _0\"></span>radit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al merc<span class=\"_ _0\"></span>hantin<span class=\"_ _0\"></span>g busine<span class=\"_ _0\"></span>sses i<span class=\"_ _0\"></span>n Great Br<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span>in. T<span class=\"_ _0\"></span>his str<span class=\"_ _0\"></span>ategic re<span class=\"_ _0\"></span>view was fo<span class=\"_ _0\"></span>cuse<span class=\"_ _0\"></span>d sol<span class=\"_ _0\"></span>ely o<span class=\"_ _0\"></span>n the Bu<span class=\"_ _0\"></span>ildbase<span class=\"_ _0\"></span>, Civ<span class=\"_ _0\"></span>ils &amp; Lintels<span class=\"_ _0\"></span>, PD<span class=\"_ _0\"></span>M Buildb<span class=\"_ _0\"></span>ase, T<span class=\"_ _0\"></span>he T<span class=\"_ _0\"></span>imbe<span class=\"_ _0\"></span>r Grou<span class=\"_ _0\"></span>p, <span class=\"ls2\"> </span>Bathroom Distribution Group and NDI businesses. On 3<span class=\"_ _0\"></span>0 June 2<span class=\"_ _0\"></span>021<span class=\"_ _2\"></span>, t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up entere<span class=\"_ _0\"></span>d into an agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent to dives<span class=\"_ _0\"></span>t its T<span class=\"_ _2\"></span>radi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal Me<span class=\"_ _0\"></span>rchant<span class=\"_ _0\"></span>ing Busi<span class=\"_ _0\"></span>ness i<span class=\"_ _0\"></span>n Great Br<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span>in (\u201c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he Bu<span class=\"_ _0\"></span>siness<span class=\"_ _0\"></span>\u201d<span class=\"_ _0\"></span>) for a<span class=\"_ _0\"></span>n enter<span class=\"_ _0\"></span>pris<span class=\"_ _0\"></span>e value of \u00a3520.0 milli<span class=\"_ _0\"></span>on to Huws G<span class=\"_ _0\"></span>ray<span class=\"_ _2\"></span>, o<span class=\"_ _0\"></span>ne of th<span class=\"_ _0\"></span>e UK\u2019s larg<span class=\"_ _0\"></span>est in<span class=\"_ _0\"></span>dep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ent buil<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s\u2019 me<span class=\"_ _0\"></span>rchant<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>at is cont<span class=\"_ _0\"></span>rolle<span class=\"_ _0\"></span>d by equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y fun<span class=\"_ _0\"></span>ds manag<span class=\"_ _0\"></span>ed by Bl<span class=\"_ _0\"></span>acksto<span class=\"_ _0\"></span>ne. T<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p retai<span class=\"_ _0\"></span>ned f<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>hold p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es wit<span class=\"_ _0\"></span>h devel<span class=\"_ _0\"></span>opm<span class=\"_ _0\"></span>ent potent<span class=\"_ _0\"></span>ial that h<span class=\"_ _0\"></span>ad a mar<span class=\"_ _0\"></span>ket value of ci<span class=\"_ _0\"></span>rca \u00a3<span class=\"_ _0\"></span>25 millio<span class=\"_ _0\"></span>n.<span class=\"_ _363\"> </span>27<span class=\"_ _2\"></span>. <span class=\"_ _38\"> </span>Acquisition &amp; Disposal<span class=\"_ _4\"></span>s of Subsidiary Undertakings and Businesses<span class=\"_ _2\"></span><span class=\"ff85 ls9d ws54\"> c<span class=\"_ _0\"></span>ontinu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Disposal of<span class=\"_ _2\"></span> Subsidiar<span class=\"_ _0\"></span>y Undertakings and Business<span class=\"_ _2\"></span>es<span class=\"ff85 ls36 wsf\"> conti<span class=\"_ _0\"></span>nued<span class=\"_ _363\"> </span></span>Traditional Merchanting Busines<span class=\"_ _4\"></span>s in Great Bri<span class=\"_ _4\"></span>tain \u2013 Dispos<span class=\"_ _4\"></span>al<span class=\"ff85 ls36 wsf\"> continue<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e Share P<span class=\"_ _0\"></span>urch<span class=\"_ _0\"></span>ase Agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent was sign<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n 30 Jun<span class=\"_ _0\"></span>e 2021 an<span class=\"_ _0\"></span>d from t<span class=\"_ _0\"></span>hat date Graf<span class=\"_ _0\"></span>ton c<span class=\"_ _0\"></span>ease<span class=\"_ _0\"></span>d to have right<span class=\"_ _0\"></span>s to variab<span class=\"_ _0\"></span>le retur<span class=\"_ _0\"></span>ns fro<span class=\"_ _0\"></span>m its<span class=\"_ _0\"></span> share<span class=\"_ _0\"></span>holdi<span class=\"_ _0\"></span>ngs in th<span class=\"_ _0\"></span>e enti<span class=\"_ _0\"></span>ties b<span class=\"_ _0\"></span>eing d<span class=\"_ _0\"></span>iveste<span class=\"_ _0\"></span>d and instea<span class=\"_ _0\"></span>d rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d an agre<span class=\"_ _0\"></span>ed d<span class=\"_ _0\"></span>aily am<span class=\"_ _0\"></span>ount up to th<span class=\"_ _0\"></span>e date of comp<span class=\"_ _0\"></span>leti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. Internat<span class=\"_ _0\"></span>ional F<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial Repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g S<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>ards re<span class=\"_ _0\"></span>quired t<span class=\"_ _0\"></span>hat th<span class=\"_ _0\"></span>e busine<span class=\"_ _0\"></span>ss be<span class=\"_ _0\"></span>ing dive<span class=\"_ _0\"></span>sted be t<span class=\"_ _0\"></span>reated as dis<span class=\"_ _0\"></span>cont<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>d ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ons and as a d<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>med d<span class=\"_ _0\"></span>ispos<span class=\"_ _0\"></span>al at 30 J<span class=\"_ _0\"></span>une 20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>. Th<span class=\"_ _0\"></span>e enter<span class=\"_ _0\"></span>prise v<span class=\"_ _0\"></span>alue ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>d with t<span class=\"_ _0\"></span>he purc<span class=\"_ _0\"></span>hase<span class=\"_ _0\"></span>r was based o<span class=\"_ _0\"></span>n the b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et as at 3<span class=\"_ _0\"></span>0 Ap<span class=\"_ _0\"></span>ril 20<span class=\"_ _0\"></span>21 and all c<span class=\"_ _0\"></span>ashfl<span class=\"_ _0\"></span>ow gen<span class=\"_ _0\"></span>erated af<span class=\"_ _0\"></span>ter t<span class=\"_ _0\"></span>hat date was for the b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t of the purc<span class=\"_ _0\"></span>hase<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>. Gr<span class=\"_ _0\"></span>af<span class=\"_ _0\"></span>ton rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d a daily t<span class=\"_ _0\"></span>icker r<span class=\"_ _0\"></span>ate for the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od fro<span class=\"_ _0\"></span>m 1 May 20<span class=\"_ _0\"></span>21 to 31 Dece<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>21 that co<span class=\"_ _0\"></span>mpe<span class=\"_ _0\"></span>nsated t<span class=\"_ _0\"></span>he Group fo<span class=\"_ _0\"></span>r the l<span class=\"_ _0\"></span>oss of prof<span class=\"_ _0\"></span>its over t<span class=\"_ _0\"></span>his pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d. Th<span class=\"_ _0\"></span>e trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>eted on 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>21 and th<span class=\"_ _0\"></span>e proc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h amou<span class=\"_ _0\"></span>nted to \u00a360<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>3 millio<span class=\"_ _0\"></span>n, we<span class=\"_ _0\"></span>re rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d on that d<span class=\"_ _0\"></span>ate. The<span class=\"_ _0\"></span>se inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>d \u00a31<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>6.0 milli<span class=\"_ _0\"></span>on of interc<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any balan<span class=\"_ _0\"></span>ces wh<span class=\"_ _0\"></span>ich were d<span class=\"_ _0\"></span>ue to Graf<span class=\"_ _0\"></span>ton G<span class=\"_ _0\"></span>roup at 3<span class=\"_ _0\"></span>0 June 2<span class=\"_ _0\"></span>021<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g value of ass<span class=\"_ _0\"></span>ets an<span class=\"_ _0\"></span>d liabili<span class=\"_ _0\"></span>ties dis<span class=\"_ _0\"></span>pose<span class=\"_ _0\"></span>d in 20<span class=\"_ _0\"></span>21 are set o<span class=\"_ _0\"></span>ut be<span class=\"_ _0\"></span>low:<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>Goo<span class=\"_ _0\"></span>dwill<span class=\"_ _2d6\"> </span><span class=\"ls36 wsf\">1<span class=\"_ _2\"></span>26,29<span class=\"_ _2\"></span>1<span class=\"_ _363\"> </span></span>Intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>ets<span class=\"_ _2d7\"> </span><span class=\"ls13 ws22\">29,<span class=\"_ _0\"></span>827<span class=\"_ _363\"> </span></span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>ent<span class=\"_ _2d8\"> </span><span class=\"ls143 ws151\">1<span class=\"_ _0\"></span>7<span class=\"_ _34\"></span>7,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>5<span class=\"_ _363\"> </span></span>Right-of-use assets<span class=\"_ _267\"> </span><span class=\"lse0 wsd7\">6<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>13<span class=\"_ _363\"> </span></span>Lease receivable<span class=\"_ _2d9\"> </span><span class=\"lsdd ws3b\">1,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>1<span class=\"_ _363\"> </span></span>Defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax as<span class=\"_ _0\"></span>set<span class=\"_ _2da\"> </span><span class=\"lsdd ws3b\">1,7<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _363\"> </span></span>In<span class=\"_ _4\"></span>vent<span class=\"_ _2\"></span>ories<span class=\"_ _2db\"> </span><span class=\"ls14 wsb9\">99<span class=\"_ _0\"></span>,25<span class=\"_ _0\"></span>3<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r rec<span class=\"_ _0\"></span>eivab<span class=\"_ _0\"></span>les<span class=\"_ _2dc\"> </span><span class=\"lse0 wsd7\">2<span class=\"_ _0\"></span>16<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>13<span class=\"_ _363\"> </span></span>Cash<span class=\"_ _2dd\"> </span><span class=\"lsdd ws3b\">10<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r payable<span class=\"_ _0\"></span>s<span class=\"_ _2de\"> </span><span class=\"lsa2 ws97\">(242<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>Provisio<span class=\"_ _0\"></span>ns<span class=\"_ _24f\"> </span><span class=\"ls105 ws162\">(5<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span></span>Lease lia<span class=\"_ _0\"></span>biliti<span class=\"_ _0\"></span>es (curre<span class=\"_ _0\"></span>nt and no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent)<span class=\"_ _2d0\"> </span><span class=\"ls143 ws151\">(<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>7,<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span>Defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>y<span class=\"_ _227\"> </span><span class=\"lse0 wsd7\">(<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>1)<span class=\"_ _363\"> </span></span>Co<span class=\"_ _0\"></span>rpo<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on ta<span class=\"_ _0\"></span>x liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _2df\"> </span><span class=\"ls132 ws146\">(<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>,16<span class=\"_ _0\"></span>1)<span class=\"_ _363\"> </span></span>Net assets disposed<span class=\"_ _2e0\"> </span><span class=\"ls143 ws151\">4<span class=\"_ _3\"></span>7<span class=\"_ _34\"></span>7,1<span class=\"_ _0\"></span>9<span class=\"_ _34\"></span>2<span class=\"_ _363\"> </span></span>Cash c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ived an<span class=\"_ _0\"></span>d set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt of interco<span class=\"_ _0\"></span>mpany bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es<span class=\"_ _21f\"> </span><span class=\"lsef ws12e\">(6<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>8)<span class=\"_ _363\"> </span></span>Ne<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it on d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sal o<span class=\"_ _0\"></span>f Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p bu<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s, be<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>re di<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ts<span class=\"_ _197\"> </span><span class=\"ff84 ls14 wsb9\">(1<span class=\"_ _2\"></span>25<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>Rec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>lia<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le fr<span class=\"_ _0\"></span>om 3<span class=\"_ _0\"></span>0 Ju<span class=\"_ _0\"></span>ne 20<span class=\"_ _0\"></span>21 to cas<span class=\"_ _0\"></span>h re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>d at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2021<span class=\"_ _363\"> </span>Cash c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivabl<span class=\"_ _0\"></span>e at 30 Ju<span class=\"_ _0\"></span>ne 20<span class=\"_ _0\"></span>21<span class=\"_ _2e1\"> </span><span class=\"ls6b wsb\">465,7<span class=\"_ _4\"></span>34<span class=\"_ _363\"> </span></span>Cash re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ived fo<span class=\"_ _0\"></span>r interco<span class=\"_ _0\"></span>mpany bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es owed to Grou<span class=\"_ _0\"></span>p at 30 Ju<span class=\"_ _0\"></span>ne 20<span class=\"_ _0\"></span>21<span class=\"_ _199\"> </span><span class=\"lsdf wsd6\">115<span class=\"_ _34\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _363\"> </span></span>Addi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al cons<span class=\"_ _0\"></span>ider<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n payabl<span class=\"_ _0\"></span>e to date of compl<span class=\"_ _0\"></span>etio<span class=\"_ _0\"></span>n (daily tic<span class=\"_ _0\"></span>ker rate)<span class=\"_ _234\"> </span><span class=\"ls1a ws7d\">20,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>85<span class=\"_ _363\"> </span></span>Ot<span class=\"_ _0\"></span>her a<span class=\"_ _0\"></span>djusti<span class=\"_ _0\"></span>ng items u<span class=\"_ _0\"></span>pon c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>leti<span class=\"_ _0\"></span>on<span class=\"_ _2e2\"> </span><span class=\"ls8b ws7c\">220<span class=\"_ _363\"> </span></span>602,30<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>Ne<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>sh i<span class=\"_ _0\"></span>nf<span class=\"_ _0\"></span>low o<span class=\"_ _0\"></span>n dis<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>l of Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p bu<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>Cash c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ived an<span class=\"_ _0\"></span>d set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt of interco<span class=\"_ _0\"></span>mpany bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es<span class=\"_ _19a\"> </span><span class=\"ls6e ws10\">602,30<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span>Cash disposed with Group<span class=\"_ _4\"></span> businesses<span class=\"_ _221\"> </span><span class=\"lsdd ws3b\">(<span class=\"_ _3\"></span>10<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>498,530<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>Amounts recognised in t<span class=\"_ _4\"></span>he period wit<span class=\"_ _4\"></span>hin discontinued<span class=\"_ _2\"></span> o<span class=\"_ _0\"></span>perations<span class=\"_ _363\"> </span>Gross pro<span class=\"_ _4\"></span>fit on disposal of<span class=\"_ _2\"></span> G<span class=\"_ _0\"></span>roup businesses<span class=\"_ _1a1\"> </span><span class=\"lsdf wsd6\">12<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,11<span class=\"_ _0\"></span>6<span class=\"_ _363\"> </span></span>Disposal costs*<span class=\"_ _2e3\"> </span><span class=\"ls8a ws7b\">(1<span class=\"_ _37\"></span>1<span class=\"_ _2\"></span>,945)<span class=\"_ _363\"> </span></span>Net p<span class=\"_ _0\"></span>rofit o<span class=\"_ _0\"></span>n dispo<span class=\"_ _0\"></span>sal of Grou<span class=\"_ _0\"></span>p busine<span class=\"_ _0\"></span>sses<span class=\"_ _207\"> </span><span class=\"lsdf wsd6\">11<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>17<span class=\"_ _3\"></span>1<span class=\"_ _363\"> </span></span>Resul<span class=\"_ _0\"></span>t for the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od fr<span class=\"_ _0\"></span>om disc<span class=\"_ _0\"></span>ontin<span class=\"_ _0\"></span>ued o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns<span class=\"_ _2e4\"> </span><span class=\"lsdd ws3b\">2<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>1<span class=\"_ _363\"> </span></span>1<span class=\"_ _2\"></span>34,4<span class=\"_ _2\"></span>22<span class=\"_ _363\"> </span>*  <span class=\"_ _32\"> </span>D<span class=\"_ _0\"></span>isp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al co<span class=\"_ _0\"></span>sts i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e profe<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l fee<span class=\"_ _0\"></span>s of \u00a34.9 mi<span class=\"_ _0\"></span>llio<span class=\"_ _0\"></span>n, l<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>al fe<span class=\"_ _0\"></span>es of \u00a31.0 milli<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, ven<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span>r fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial<span class=\"_ _0\"></span>, ta<span class=\"_ _0\"></span>x &amp; I<span class=\"_ _0\"></span>T due d<span class=\"_ _0\"></span>ilig<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce fe<span class=\"_ _0\"></span>es of \u00a3<span class=\"_ _0\"></span>0.9 mill<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n, pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>sts of <span class=\"ls2\"> </span>\u00a30.<span class=\"_ _0\"></span>3 mill<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n and \u00a34<span class=\"_ _0\"></span>.8 m<span class=\"_ _0\"></span>illi<span class=\"_ _0\"></span>on of ot<span class=\"_ _0\"></span>her c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ts re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d to the d<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent of t<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>27<span class=\"_ _2\"></span>. <span class=\"_ _38\"> </span>Acquisition &amp; Disposal<span class=\"_ _4\"></span>s of Subsidiary Undertakings and Businesses<span class=\"_ _2\"></span><span class=\"ff85 ls9d ws54\"> c<span class=\"_ _0\"></span>ontinu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Disposal of<span class=\"_ _2\"></span> Subsidiar<span class=\"_ _0\"></span>y Undertakings and Business<span class=\"_ _2\"></span>es<span class=\"ff85 ls36 wsf\"> conti<span class=\"_ _0\"></span>nued<span class=\"_ _363\"> </span></span>Profit<span class=\"_ _2\"></span> b<span class=\"_ _0\"></span>efore tax<span class=\"_ _2\"></span>ation from discontinued operations<span class=\"_ _363\"> </span>Cash flow<span class=\"_ _2\"></span>s from discontinued operations<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Net c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>low fro<span class=\"_ _0\"></span>m ope<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g acti<span class=\"_ _0\"></span>viti<span class=\"_ _0\"></span>es<span class=\"_ _18d\"> </span><span class=\"ls36 wsf\">36,592<span class=\"_ _363\"> </span></span>Net c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>low fro<span class=\"_ _0\"></span>m investin<span class=\"_ _0\"></span>g acti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>ies<span class=\"_ _1e2\"> </span><span class=\"ls106 wsf9\">(<span class=\"_ _2\"></span>3,346<span class=\"_ _2\"></span>)<span class=\"_ _363\"> </span></span>Net c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>low fro<span class=\"_ _0\"></span>m fin<span class=\"_ _0\"></span>ancin<span class=\"_ _0\"></span>g acti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>ies<span class=\"_ _2e5\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>Ne<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>sh f<span class=\"_ _0\"></span>low f<span class=\"_ _0\"></span>rom d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _213\"> </span><span class=\"ff84 ws77\">2<span class=\"_ _0\"></span>8,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>52<span class=\"_ _363\"> </span></span>Profit<span class=\"_ _2\"></span> b<span class=\"_ _0\"></span>efore tax<span class=\"_ _2\"></span>ation from discontinued operations<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Resul<span class=\"_ _0\"></span>ts from d<span class=\"_ _0\"></span>isco<span class=\"_ _0\"></span>ntinue<span class=\"_ _0\"></span>d op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ions<span class=\"_ _1e2\"> </span><span class=\"ls3e ws35\">30<span class=\"_ _0\"></span>,675<span class=\"_ _363\"> </span></span>Profi<span class=\"_ _0\"></span>t on disp<span class=\"_ _0\"></span>osal of Gro<span class=\"_ _0\"></span>up busi<span class=\"_ _0\"></span>ness<span class=\"_ _0\"></span>es, n<span class=\"_ _0\"></span>et of dispo<span class=\"_ _0\"></span>sal co<span class=\"_ _0\"></span>sts<span class=\"_ _2e6\"> </span><span class=\"lsdf wsd6\">113<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>17<span class=\"_ _34\"></span>1<span class=\"_ _363\"> </span></span>Profit before taxation from<span class=\"_ _2\"></span> disco<span class=\"_ _0\"></span>ntinued operations<span class=\"_ _2e7\"> </span><span class=\"ff84 lse8 wsde\">14<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _34\"></span>4<span class=\"_ _3\"></span>6<span class=\"_ _363\"> </span></span>Results o<span class=\"_ _2\"></span>f Discontinued Operations<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Rev<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>nue<span class=\"_ _2e8\"> </span><span class=\"ff84 lsc0 ws9a\">522,89<span class=\"_ _2\"></span>5<span class=\"_ _363\"> </span></span>Operating costs <span class=\"_ _2e9\"> </span><span class=\"lsef ws12e\">(49<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>3)<span class=\"_ _363\"> </span></span>Operating profit before<span class=\"_ _2\"></span> proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y profits<span class=\"_ _1e0\"> </span><span class=\"ff84 ls36 wsf\">29,022<span class=\"_ _363\"> </span></span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y prof<span class=\"_ _0\"></span>its<span class=\"_ _2ea\"> </span><span class=\"ls6e ws10\">396<span class=\"_ _363\"> </span></span>Operating profit pre-exceptional<span class=\"_ _4\"></span> items<span class=\"_ _22b\"> </span><span class=\"ff84 lsdd ws3b\">2<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>18<span class=\"_ _363\"> </span></span>E<span class=\"_ _0\"></span>xce<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>nal ite<span class=\"_ _0\"></span>ms*<span class=\"_ _2eb\"> </span><span class=\"ls12a wsab\">2,500<span class=\"_ _363\"> </span></span>Operating profit<span class=\"_ _2e3\"> </span><span class=\"ff84 lsdd ws3b\">3<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>18<span class=\"_ _363\"> </span></span>Net f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>osts<span class=\"_ _2da\"> </span><span class=\"lsdd ws3b\">(1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>Pro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>x<span class=\"_ _2ec\"> </span><span class=\"ff84 ls3e ws35\">30<span class=\"_ _0\"></span>,675<span class=\"_ _363\"> </span></span>Income tax<span class=\"_ _2ed\"> </span><span class=\"lsa2 ws97\">(9,<span class=\"_ _0\"></span>424)<span class=\"_ _363\"> </span></span>Pro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r ta<span class=\"_ _0\"></span>x fo<span class=\"_ _0\"></span>r the f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d<span class=\"_ _2ee\"> </span><span class=\"ff84 lsdd ws3b\">2<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>1<span class=\"_ _363\"> </span></span>*  <span class=\"_ _32\"> </span>E<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal i<span class=\"_ _0\"></span>tems a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>021 re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>s to an IA<span class=\"_ _0\"></span>S 19 past s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e cre<span class=\"_ _0\"></span>dit b<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>ked i<span class=\"_ _0\"></span>n 20<span class=\"_ _0\"></span>20 (N<span class=\"_ _0\"></span>ote 30).<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>e tradin<span class=\"_ _0\"></span>g resul<span class=\"_ _0\"></span>ts for 20<span class=\"_ _0\"></span>21 is set ou<span class=\"_ _0\"></span>t bel<span class=\"_ _0\"></span>ow.<span class=\"_ _363\"> </span>Trading Res<span class=\"_ _2\"></span>ul<span class=\"_ _0\"></span>ts<span class=\"_ _363\"> </span>For t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2021<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Continuing \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 Discon<span class=\"_ _4\"></span>tinued<span class=\"_ _2\"></span> \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span> \u00a3\u2019000<span class=\"_ _363\"> </span>Rev<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>nue<span class=\"_ _1ae\"> </span><span class=\"ff84 ls2c ws14\">2,<span class=\"_ _2\"></span>1<span class=\"_ _5\"></span>09,909<span class=\"_ _96\"> </span><span class=\"lsc0 ws9a\">522,895<span class=\"_ _dc\"> </span>2,632,804<span class=\"_ _363\"> </span></span></span>Operating costs<span class=\"_ _22e\"> </span><span class=\"ls1f wsc\">(<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>857<span class=\"_ _5\"></span>,4<span class=\"_ _0\"></span>87)<span class=\"_ _40\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>3)<span class=\"_ _c8\"> </span><span class=\"ls4e ws45\">(<span class=\"_ _2\"></span>2,351<span class=\"_ _5\"></span>,360<span class=\"_ _2\"></span>)<span class=\"_ _363\"> </span></span></span></span>Operating profit before<span class=\"_ _2\"></span> proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y profits<span class=\"_ _239\"> </span><span class=\"ff84 lsc0 ws9a\">2<span class=\"_ _2\"></span>52,4<span class=\"_ _2\"></span>22<span class=\"_ _c4\"> </span><span class=\"ls36 wsf\">29,022<span class=\"_ _b4\"> </span><span class=\"ls162 ws17d\">2<span class=\"_ _2\"></span>81<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>444<span class=\"_ _363\"> </span></span></span></span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y prof<span class=\"_ _0\"></span>its<span class=\"_ _205\"> </span><span class=\"ls14e ws15e\">1<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _34\"> </span>0<span class=\"_ _1c\"> </span><span class=\"ls6e ws10\">396<span class=\"_ _141\"> </span><span class=\"ls143 ws151\">1<span class=\"_ _0\"></span>7,1<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _363\"> </span></span></span></span>Operating profit before<span class=\"_ _2\"></span> exceptional items<span class=\"_ _2ef\"> </span><span class=\"ff84 ls132 ws146\">2<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,16<span class=\"_ _3\"></span>2<span class=\"_ _63\"> </span><span class=\"lsdd ws3b\">2<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>18<span class=\"_ _b4\"> </span><span class=\"ls12a wsab\">298,580<span class=\"_ _363\"> </span></span></span></span>E<span class=\"_ _0\"></span>xception<span class=\"_ _0\"></span>al items<span class=\"_ _20c\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _6e\"> </span><span class=\"ls12a wsab\">2,500<span class=\"_ _46\"> </span>2,500<span class=\"_ _363\"> </span></span></span>Operating profit<span class=\"_ _15a\"> </span><span class=\"ff84 ls132 ws146\">2<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,16<span class=\"_ _0\"></span>2<span class=\"_ _141\"> </span><span class=\"lsdd ws3b\">31<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>18<span class=\"_ _db\"> </span>3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>0<span class=\"_ _363\"> </span></span></span>Finan<span class=\"_ _4\"></span>ce expen<span class=\"_ _2\"></span>se<span class=\"_ _15a\"> </span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _5d\"> </span>(<span class=\"_ _3\"></span>1,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>4<span class=\"_ _34\"></span>3)<span class=\"_ _21\"> </span><span class=\"lsc0 ws9a\">(<span class=\"_ _2\"></span>22,51<span class=\"_ _5\"></span>2)<span class=\"_ _363\"> </span></span></span>Finance inc<span class=\"_ _0\"></span>ome<span class=\"_ _2f0\"> </span><span class=\"lsdd ws3b\">1,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>4<span class=\"_ _128\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _a3\"> </span></span>1,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span></span>Pro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>x<span class=\"_ _f6\"> </span><span class=\"ff84 ls144 ws152\">24<span class=\"_ _0\"></span>9,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>7<span class=\"_ _76\"> </span><span class=\"ls3e ws35\">3<span class=\"_ _0\"></span>0,<span class=\"_ _0\"></span>675<span class=\"_ _db\"> </span><span class=\"ls14 wsb9\">280<span class=\"_ _0\"></span>,472<span class=\"_ _363\"> </span></span></span></span>Inco<span class=\"_ _0\"></span>me ta<span class=\"_ _0\"></span>x ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>e<span class=\"_ _2f1\"> </span><span class=\"lsef ws12e\">(42<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>52<span class=\"_ _0\"></span>)<span class=\"_ _5d\"> </span><span class=\"lsa2 ws97\">(9,<span class=\"_ _0\"></span>424)<span class=\"_ _b0\"> </span></span></span><span class=\"ws77\">(52<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>376)<span class=\"_ _363\"> </span></span>Pro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r ta<span class=\"_ _0\"></span>x fo<span class=\"_ _0\"></span>r the f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d<span class=\"_ _1c2\"> </span><span class=\"ff84 ls8b ws7c\">206,8<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5<span class=\"_ _126\"> </span><span class=\"lsdd ws3b\">2<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>1<span class=\"_ _b0\"> </span><span class=\"ls20 ws19\">228<span class=\"_ _0\"></span>,096<span class=\"_ _363\"> </span></span></span></span>28. <span class=\"_ _45\"> </span>Reconc<span class=\"_ _0\"></span>iliat<span class=\"_ _0\"></span>ion of N<span class=\"_ _0\"></span>et Cash Flow to M<span class=\"_ _0\"></span>ov<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>ment in N<span class=\"_ _0\"></span>et Cash<span class=\"_ _363\"> </span>2022 \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Net (dec<span class=\"_ _0\"></span>rease)/inc<span class=\"_ _0\"></span>rease in c<span class=\"_ _0\"></span>ash an<span class=\"_ _0\"></span>d cash e<span class=\"_ _0\"></span>quival<span class=\"_ _0\"></span>ents<span class=\"_ _2a9\"> </span><span class=\"ff83 ls3f ws36\">(<span class=\"_ _3\"></span>14<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _c2\"> </span></span><span class=\"ls19 ws13\">3<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,15<span class=\"_ _3\"></span>5<span class=\"_ _363\"> </span></span>Net m<span class=\"_ _0\"></span>oveme<span class=\"_ _0\"></span>nt in der<span class=\"_ _0\"></span>ivati<span class=\"_ _0\"></span>ve fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ents<span class=\"_ _1c8\"> </span><span class=\"ff83 lse8 wsde\">(<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1)<span class=\"_ _123\"> </span></span><span class=\"ls1f wsc\">57<span class=\"_ _363\"> </span></span>Lease liabi<span class=\"_ _2\"></span>lities disposed with Group businesses<span class=\"_ _1b4\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _6c\"> </span></span><span class=\"ls143 ws151\">6<span class=\"_ _3\"></span>7,<span class=\"_ _0\"></span>10<span class=\"_ _34\"> </span>0<span class=\"_ _363\"> </span></span>Ban<span class=\"_ _0\"></span>k loans a<span class=\"_ _0\"></span>nd loa<span class=\"_ _0\"></span>n notes acqu<span class=\"_ _0\"></span>ired wi<span class=\"_ _0\"></span>th subs<span class=\"_ _0\"></span>idiar<span class=\"_ _0\"></span>ies*<span class=\"_ _215\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _64\"> </span></span><span class=\"ls12f ws7a\">(55,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>47<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>Lease liabi<span class=\"_ _2\"></span>lities acquired with subsidiaries<span class=\"_ _2f2\"> </span><span class=\"ff83 ls12a wsab\">(<span class=\"_ _2\"></span>2,7<span class=\"_ _5\"></span>45)<span class=\"_ _2c\"> </span><span class=\"ff84 ls132 ws146\">(<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,19<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span>Movem<span class=\"_ _0\"></span>ent in de<span class=\"_ _0\"></span>bt and l<span class=\"_ _0\"></span>ease f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ing<span class=\"_ _2f3\"> </span><span class=\"ff83 ls68 ws5d\">30,98<span class=\"_ _2\"></span>1<span class=\"_ _11a\"> </span><span class=\"ff84 ls36 wsf\">84,<span class=\"_ _0\"></span>863<span class=\"_ _363\"> </span></span></span>Ch<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ge i<span class=\"_ _0\"></span>n ne<span class=\"_ _0\"></span>t (deb<span class=\"_ _0\"></span>t)/cash r<span class=\"_ _0\"></span>esu<span class=\"_ _0\"></span>lt<span class=\"_ _0\"></span>ing f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m ca<span class=\"_ _0\"></span>sh f<span class=\"_ _0\"></span>lows<span class=\"_ _15d\"> </span><span class=\"ls6c ws61\">(1<span class=\"_ _5\"></span>1<span class=\"_ _2\"></span>4,565)<span class=\"_ _1ed\"> </span><span class=\"ff84 lsdd ws3b\">4<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>1,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _363\"> </span></span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _1fe\"> </span><span class=\"ff83 ls8b ws7c\">(<span class=\"_ _4\"></span>1<span class=\"_ _2\"></span>5,578)<span class=\"_ _11f\"> </span><span class=\"ff84 lsc0 ws9a\">22,695<span class=\"_ _363\"> </span></span></span>Move<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt i<span class=\"_ _0\"></span>n ne<span class=\"_ _0\"></span>t de<span class=\"_ _0\"></span>bt i<span class=\"_ _0\"></span>n the ye<span class=\"_ _0\"></span>ar<span class=\"_ _22e\"> </span><span class=\"ls134 ws145\">(<span class=\"_ _0\"></span>13<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,14<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _94\"> </span><span class=\"ff84 ls12f ws7a\">49<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>31<span class=\"_ _363\"> </span></span></span>Net c<span class=\"_ _0\"></span>ash/(debt) at 1 Januar<span class=\"_ _3\"></span>y<span class=\"_ _2f4\"> </span><span class=\"ff83 lse0 wsd7\">13<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>0<span class=\"_ _2f\"> </span><span class=\"ff84\">(<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>1)<span class=\"_ _363\"> </span></span></span>Ne<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>sh a<span class=\"_ _0\"></span>t 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r<span class=\"_ _218\"> </span><span class=\"ls78 ws6b\">8,887<span class=\"_ _b0\"> </span><span class=\"ff84 lse0 wsd7\">13<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>0<span class=\"_ _363\"> </span></span></span>*  <span class=\"_ _32\"> </span>R<span class=\"_ _0\"></span>epa<span class=\"_ _0\"></span>id at c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>ple<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n.<span class=\"_ _363\"> </span>An<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ysi<span class=\"_ _0\"></span>s of Ne<span class=\"_ _0\"></span>t D<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>t \u2013 202<span class=\"_ _0\"></span>2<span class=\"_ _363\"> </span>Balance 1 Ja<span class=\"_ _0\"></span>n 22<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Cas<span class=\"_ _0\"></span>hfl<span class=\"_ _0\"></span>ow \u00a3\u2019000<span class=\"_ _363\"> </span>Acquisition (N<span class=\"_ _0\"></span>ote 2<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Non-cash move<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>ranslation adjustment<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Balance 31 De<span class=\"_ _0\"></span>c 22<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Cash an<span class=\"_ _0\"></span>d cash e<span class=\"_ _0\"></span>quiva<span class=\"_ _0\"></span>lents<span class=\"_ _2b8\"> </span><span class=\"ff83 ls13 ws22\">84<span class=\"_ _0\"></span>4,6<span class=\"_ _0\"></span>63<span class=\"_ _44\"> </span><span class=\"ls3f ws36\">(<span class=\"_ _3\"></span>14<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _126\"> </span><span class=\"ls8b ws7c\">5,<span class=\"_ _0\"></span>879<span class=\"_ _e7\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _181\"> </span><span class=\"ls15 ws32\">9,<span class=\"_ _0\"></span>83<span class=\"_ _0\"></span>8<span class=\"_ _db\"> </span><span class=\"ls33 ws29\">7<span class=\"_ _3\"></span>11<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _34\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _363\"> </span></span></span></span></span></span></span>Interest<span class=\"_ _2\"></span> bearing loans and<span class=\"_ _2\"></span> borrowings:<span class=\"_ _363\"> </span>Non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>current liabilities<span class=\"_ _2f5\"> </span><span class=\"ff83 lse7 wsb8\">(<span class=\"_ _0\"></span>17<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>1)<span class=\"_ _c2\"> </span><span class=\"ls155 ws169\">(6<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>,76<span class=\"_ _3\"></span>3)<span class=\"_ _8b\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _64\"> </span><span class=\"ls89 wsd0\">(<span class=\"_ _3\"></span>12<span class=\"_ _3\"></span>,13<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _1ea\"> </span><span class=\"lse4 wsdc\">(2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>3,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2)<span class=\"_ _363\"> </span></span></span></span></span></span>Current liabil<span class=\"_ _4\"></span>ities<span class=\"_ _2f6\"> </span><span class=\"ff83 ls103 wsf8\">(8<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>0)<span class=\"_ _21\"> </span><span class=\"lsa7 ws9c\">85,950<span class=\"_ _e7\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _6c\"> </span><span class=\"ls22 ws66\">(<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>0)<span class=\"_ _22\"> </span></span>\u2013<span class=\"_ _363\"> </span></span></span></span>T<span class=\"_ _2\"></span>otal int<span class=\"_ _4\"></span>erest-bearing loans<span class=\"_ _4\"></span> and borrowings<span class=\"_ _5b\"> </span><span class=\"ls97 ws88\">(<span class=\"_ _2\"></span>256,6<span class=\"_ _0\"></span>31<span class=\"_ _2\"></span>)<span class=\"_ _64\"> </span><span class=\"lse7 wsb8\">17,18<span class=\"_ _3\"></span>7<span class=\"_ _128\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _21\"> </span><span class=\"ls3f ws36\">(<span class=\"_ _3\"></span>14<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _1ea\"> </span><span class=\"lse4 wsdc\">(25<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2)<span class=\"_ _363\"> </span></span></span></span></span></span>Lease liabi<span class=\"_ _2\"></span>lities<span class=\"_ _2f7\"> </span><span class=\"ff83 lsa7 ws9c\">(<span class=\"_ _4\"></span>4<span class=\"_ _0\"></span>48,9<span class=\"_ _0\"></span>94)<span class=\"_ _2c\"> </span>72<span class=\"_ _0\"></span>,99<span class=\"_ _0\"></span>7<span class=\"_ _6c\"> </span><span class=\"ls12a wsab\">(<span class=\"_ _4\"></span>2,<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>45)<span class=\"_ _1ed\"> </span><span class=\"lsa7 ws9c\">(59,<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>3)<span class=\"_ _c2\"> </span><span class=\"ls33 ws29\">(<span class=\"_ _3\"></span>11,<span class=\"_ _34\"> </span>3<span class=\"_ _3\"></span>5<span class=\"_ _34\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _cc\"> </span><span class=\"ls15 ws32\">(449,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>03)<span class=\"_ _363\"> </span></span></span></span></span></span>De<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ives \u2013 cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt<span class=\"_ _2b7\"> </span><span class=\"ff83 lsbd wsb4\">(8)<span class=\"_ _12f\"> </span><span class=\"lse8 wsde\">(2<span class=\"_ _0\"></span>1)<span class=\"_ _22\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _1ca\"> </span><span class=\"ls35 ws2b\">(2<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span></span></span></span></span>Net cash/<span class=\"_ _2\"></span>(debt<span class=\"_ _2\"></span>)<span class=\"_ _2f6\"> </span><span class=\"lse0 wsd7\">13<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>0<span class=\"_ _21\"> </span><span class=\"ls15 ws32\">(5<span class=\"_ _0\"></span>8,<span class=\"_ _0\"></span>49<span class=\"_ _0\"></span>6)<span class=\"_ _6c\"> </span><span class=\"ls134 ws145\">3<span class=\"_ _3\"></span>,13<span class=\"_ _3\"></span>4<span class=\"_ _21\"> </span><span class=\"lsa7 ws9c\">(59,<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>3)<span class=\"_ _2f\"> </span><span class=\"ls8b ws7c\">(1<span class=\"_ _2\"></span>5,578)<span class=\"_ _5d\"> </span><span class=\"ls78 ws6b\">8,887<span class=\"_ _363\"> </span></span></span></span></span></span></span>An<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>ysi<span class=\"_ _0\"></span>s of Ne<span class=\"_ _0\"></span>t D<span class=\"_ _0\"></span>eb<span class=\"_ _0\"></span>t \u2013 2021<span class=\"_ _363\"> </span>Balanc<span class=\"_ _0\"></span>e 1 Jan 21<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Cas<span class=\"_ _0\"></span>hfl<span class=\"_ _0\"></span>ow \u00a3\u2019000<span class=\"_ _363\"> </span>Acquisition (N<span class=\"_ _0\"></span>ote 2<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Disposals (N<span class=\"_ _0\"></span>ote 2<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Non-cash move<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>ts<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>ranslation adjustment<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Balanc<span class=\"_ _0\"></span>e 31 De<span class=\"_ _0\"></span>c 21<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Cash an<span class=\"_ _0\"></span>d cash e<span class=\"_ _0\"></span>quiva<span class=\"_ _0\"></span>lents<span class=\"_ _e0\"> </span><span class=\"ls20 ws19\">45<span class=\"_ _0\"></span>6,028<span class=\"_ _b1\"> </span><span class=\"ls14 wsb9\">49<span class=\"_ _0\"></span>0,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>37<span class=\"_ _1eb\"> </span><span class=\"ls89 wsd0\">12<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>6<span class=\"_ _ae\"> </span><span class=\"lsdd ws3b\">(<span class=\"_ _3\"></span>10<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>,7<span class=\"_ _34\"></span>7<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _141\"> </span></span></span></span></span><span class=\"ls2\">\u2013<span class=\"_ _145\"> </span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>10<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _88\"> </span><span class=\"lsc0 ws9a\">8<span class=\"_ _0\"></span>44,663<span class=\"_ _363\"> </span></span></span></span>Interest<span class=\"_ _2\"></span> bearing loans and<span class=\"_ _2\"></span> borrowings:<span class=\"_ _363\"> </span>Non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>current liabilities<span class=\"_ _2f8\"> </span><span class=\"ls14e ws15e\">(<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>74<span class=\"_ _34\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>)<span class=\"_ _147\"> </span><span class=\"lse8 wsde\">14<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>7<span class=\"_ _c7\"> </span><span class=\"ls12f ws7a\">(55<span class=\"_ _0\"></span>,6<span class=\"_ _3\"></span>47<span class=\"_ _0\"></span>)<span class=\"_ _5f\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _6e\"> </span>\u2013<span class=\"_ _134\"> </span><span class=\"ls37 ws2d\">16<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>9<span class=\"_ _ad\"> </span></span></span></span></span></span><span class=\"ws7c\">(1<span class=\"_ _2\"></span>72<span class=\"_ _0\"></span>,601<span class=\"_ _2\"></span>)<span class=\"_ _363\"> </span></span>Current liabil<span class=\"_ _4\"></span>ities<span class=\"_ _10b\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _145\"> </span><span class=\"ls12a wsab\">(<span class=\"_ _2\"></span>84,980)<span class=\"_ _63\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _2c\"> </span><span class=\"ls18 ws12\">950<span class=\"_ _b3\"> </span><span class=\"ls35 ws2b\">(8<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>0)<span class=\"_ _363\"> </span></span></span></span></span></span>T<span class=\"_ _2\"></span>otal int<span class=\"_ _4\"></span>erest-bearing loans<span class=\"_ _4\"></span> and borrowings<span class=\"_ _104\"> </span><span class=\"ff84 ls14e ws15e\">(<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>74<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _34\"></span>3<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _9a\"> </span><span class=\"ls132 ws146\">5<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,10<span class=\"_ _0\"></span>7<span class=\"_ _c7\"> </span><span class=\"ls12f ws7a\">(55<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>47<span class=\"_ _0\"></span>)<span class=\"_ _5f\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _c6\"> </span><span class=\"ls73 ws68\">1<span class=\"_ _2\"></span>7<span class=\"_ _5\"></span>,939<span class=\"_ _147\"> </span><span class=\"lse0 wsd7\">(<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>1)<span class=\"_ _363\"> </span></span></span></span></span></span></span>Lease liabi<span class=\"_ _2\"></span>lities<span class=\"_ _2f9\"> </span><span class=\"ls12f ws7a\">(5<span class=\"_ _0\"></span>36<span class=\"_ _0\"></span>,9<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>4)<span class=\"_ _9b\"> </span><span class=\"ls132 ws146\">7<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,16<span class=\"_ _3\"></span>5<span class=\"_ _c8\"> </span>(<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,19<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _c8\"> </span><span class=\"ls143 ws151\">6<span class=\"_ _3\"></span>7,<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>0<span class=\"_ _2fa\"> </span><span class=\"lsef ws12e\">(42<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9)<span class=\"_ _9b\"> </span><span class=\"ls19 ws13\">15<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>6<span class=\"_ _b9\"> </span></span>(4<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span></span></span>De<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ives \u2013 cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nt<span class=\"_ _7b\"> </span><span class=\"lsef ws12e\">(65<span class=\"_ _0\"></span>)<span class=\"_ _20\"> </span><span class=\"ls1f wsc\">57<span class=\"_ _6e\"> </span></span></span><span class=\"ls2\">\u2013<span class=\"_ _6e\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _66\"> </span><span class=\"lse4 wsdc\">(8)<span class=\"_ _363\"> </span></span></span>Net cash/<span class=\"_ _2\"></span>(debt<span class=\"_ _2\"></span>)<span class=\"_ _23c\"> </span><span class=\"ff84 lse0 wsd7\">(<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>1)<span class=\"_ _3f\"> </span><span class=\"ls143 ws151\">6<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>7,<span class=\"_ _34\"> </span>8<span class=\"_ _34\"></span>6<span class=\"_ _34\"></span>6<span class=\"_ _9b\"> </span>(<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>7,<span class=\"_ _34\"></span>4<span class=\"_ _34\"> </span>4<span class=\"_ _34\"> </span>3<span class=\"_ _3\"></span>)<span class=\"_ _43\"> </span><span class=\"ls34 ws2a\">(3<span class=\"_ _0\"></span>6,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>78)<span class=\"_ _b1\"> </span><span class=\"lsef ws12e\">(42<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>9)<span class=\"_ _145\"> </span><span class=\"lsc0 ws9a\">22,<span class=\"_ _4\"></span>695<span class=\"_ _b1\"> </span><span class=\"lse0 wsd7\">13<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>0<span class=\"_ _363\"> </span></span></span></span></span></span></span>29. <span class=\"_ _1f2\"> </span>Capital Expenditure Commitments<span class=\"_ _363\"> </span>At the yea<span class=\"_ _0\"></span>r end t<span class=\"_ _0\"></span>he followin<span class=\"_ _0\"></span>g co<span class=\"_ _0\"></span>mmit<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s auth<span class=\"_ _0\"></span>oris<span class=\"_ _0\"></span>ed by th<span class=\"_ _0\"></span>e Bo<span class=\"_ _0\"></span>ard had not b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n provi<span class=\"_ _0\"></span>ded fo<span class=\"_ _0\"></span>r in the f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts:<span class=\"_ _363\"> </span>2022 \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Co<span class=\"_ _0\"></span>ntrac<span class=\"_ _0\"></span>ted for<span class=\"_ _292\"> </span><span class=\"ff83 lsdd ws3b\">16<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>3<span class=\"_ _60\"> </span></span><span class=\"ls14 wsb9\">8<span class=\"_ _0\"></span>,625<span class=\"_ _363\"> </span></span>Not co<span class=\"_ _0\"></span>ntrac<span class=\"_ _0\"></span>ted for<span class=\"_ _195\"> </span><span class=\"ff83 lse7 wsb8\">5<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>17<span class=\"_ _5f\"> </span></span><span class=\"ls14e ws15e\">7<span class=\"_ _0\"></span>6<span class=\"_ _34\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _3\"></span>2<span class=\"_ _363\"> </span></span>69,95<span class=\"_ _0\"></span>0<span class=\"_ _76\"> </span><span class=\"ff84 ls97 ws88\">85,367<span class=\"_ _363\"> </span></span>Capi<span class=\"_ _0\"></span>tal ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>nditur<span class=\"_ _0\"></span>e com<span class=\"_ _0\"></span>mitm<span class=\"_ _0\"></span>ents a<span class=\"_ _0\"></span>re analys<span class=\"_ _0\"></span>ed by ge<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>raphy in t<span class=\"_ _0\"></span>he tab<span class=\"_ _0\"></span>le be<span class=\"_ _0\"></span>low:<span class=\"_ _363\"> </span>2022 \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>UK<span class=\"_ _2fb\"> </span><span class=\"ff83 lsc0 ws9a\">34,344<span class=\"_ _11a\"> </span></span><span class=\"ls18 ws12\">5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>,26<span class=\"_ _0\"></span>5<span class=\"_ _363\"> </span></span>Irelan<span class=\"_ _0\"></span>d<span class=\"_ _2fc\"> </span><span class=\"ff83 ls47 ws3d\">23,4<span class=\"_ _0\"></span>65<span class=\"_ _c4\"> </span></span><span class=\"ls14 wsb9\">20,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>47<span class=\"_ _363\"> </span></span>Netherlands<span class=\"_ _2fd\"> </span><span class=\"ff83 ls134 ws145\">9<span class=\"_ _0\"></span>,18<span class=\"_ _0\"></span>1<span class=\"_ _112\"> </span></span><span class=\"ls143 ws151\">7,<span class=\"_ _34\"></span>2<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>9<span class=\"_ _363\"> </span></span>Finland<span class=\"_ _1cf\"> </span><span class=\"ff83 lsa7 ws9c\">2,9<span class=\"_ _0\"></span>60<span class=\"_ _6d\"> </span></span><span class=\"ls6e ws10\">3,306<span class=\"_ _363\"> </span></span>69,95<span class=\"_ _0\"></span>0<span class=\"_ _76\"> </span><span class=\"ff84 ls97 ws88\">85,367<span class=\"_ _363\"> </span></span>Am<span class=\"_ _0\"></span>ounts re<span class=\"_ _0\"></span>lating to int<span class=\"_ _0\"></span>angib<span class=\"_ _0\"></span>les inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed ab<span class=\"_ _0\"></span>ove <span class=\"_ _aa\"> </span><span class=\"ff83 ls68 ws5d\">8,851<span class=\"_ _77\"> </span></span><span class=\"ls144 ws152\">2<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>8<span class=\"_ _363\"> </span></span>30. <span class=\"_ _38\"> </span>Pension Commitments<span class=\"_ _363\"> </span>A numb<span class=\"_ _0\"></span>er of def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it and d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ned c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n pensi<span class=\"_ _0\"></span>on sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es are op<span class=\"_ _0\"></span>erate<span class=\"_ _0\"></span>d by the Gro<span class=\"_ _0\"></span>up and t<span class=\"_ _0\"></span>he asse<span class=\"_ _0\"></span>ts of the s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>mes are h<span class=\"_ _0\"></span>eld in<span class=\"_ _0\"></span> sepa<span class=\"_ _0\"></span>rate tru<span class=\"_ _0\"></span>stee ad<span class=\"_ _0\"></span>ministere<span class=\"_ _0\"></span>d fun<span class=\"_ _0\"></span>ds.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e actua<span class=\"_ _0\"></span>rial re<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>ts are not availa<span class=\"_ _0\"></span>ble for pu<span class=\"_ _0\"></span>blic ins<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n.<span class=\"_ _363\"> </span>IAS 19 \u2013 E<span class=\"_ _0\"></span>mp<span class=\"_ _0\"></span>loyee B<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fit<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ates thre<span class=\"_ _0\"></span>e def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es in Irela<span class=\"_ _0\"></span>nd and o<span class=\"_ _0\"></span>ne def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e in the U<span class=\"_ _0\"></span>K (the \u201c<span class=\"_ _0\"></span>DB S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>mes<span class=\"_ _0\"></span>\u201d<span class=\"_ _0\"></span>). On<span class=\"_ _0\"></span>e sch<span class=\"_ _0\"></span>eme in t<span class=\"_ _0\"></span>he UK<span class=\"_ _0\"></span> was clos<span class=\"_ _0\"></span>ed in 20<span class=\"_ _0\"></span>20. A<span class=\"_ _0\"></span>ll sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s are clo<span class=\"_ _0\"></span>sed to ne<span class=\"_ _0\"></span>w entr<span class=\"_ _0\"></span>ants. T<span class=\"_ _0\"></span>he o<span class=\"_ _0\"></span>ne rema<span class=\"_ _0\"></span>ining U<span class=\"_ _0\"></span>K sche<span class=\"_ _0\"></span>me was also c<span class=\"_ _0\"></span>lose<span class=\"_ _0\"></span>d to fut<span class=\"_ _0\"></span>ure acc<span class=\"_ _0\"></span>rua<span class=\"_ _0\"></span>l of DB ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>its dur<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span> 202<span class=\"_ _0\"></span>0. In Novem<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, an Irish s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me was cl<span class=\"_ _0\"></span>osed to f<span class=\"_ _0\"></span>uture a<span class=\"_ _0\"></span>ccr<span class=\"_ _0\"></span>ual of DB b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e DB S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>mes are a<span class=\"_ _0\"></span>dminis<span class=\"_ _0\"></span>tered by tr<span class=\"_ _0\"></span>usts t<span class=\"_ _0\"></span>hat are le<span class=\"_ _0\"></span>gall<span class=\"_ _0\"></span>y sepa<span class=\"_ _0\"></span>rated fro<span class=\"_ _0\"></span>m the G<span class=\"_ _0\"></span>roup. T<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>rus<span class=\"_ _0\"></span>tees of th<span class=\"_ _0\"></span>e DB S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>mes are re<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d by law to act in the i<span class=\"_ _0\"></span>nterest of th<span class=\"_ _0\"></span>e mem<span class=\"_ _0\"></span>ber<span class=\"_ _0\"></span>s of the DB S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he tr<span class=\"_ _0\"></span>uste<span class=\"_ _0\"></span>es of the D<span class=\"_ _0\"></span>B Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es are res<span class=\"_ _0\"></span>ponsi<span class=\"_ _0\"></span>ble for t<span class=\"_ _0\"></span>he invest<span class=\"_ _0\"></span>ment p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>y of the sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>he Group a<span class=\"_ _0\"></span>lso provi<span class=\"_ _0\"></span>des oth<span class=\"_ _0\"></span>er lo<span class=\"_ _0\"></span>ng ter<span class=\"_ _0\"></span>m ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts to qualif<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing e<span class=\"_ _0\"></span>mploye<span class=\"_ _0\"></span>es in t<span class=\"_ _0\"></span>he Ne<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>rlan<span class=\"_ _0\"></span>ds whic<span class=\"_ _0\"></span>h are unfun<span class=\"_ _0\"></span>ded a<span class=\"_ _0\"></span>nd inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>ties s<span class=\"_ _0\"></span>hown.<span class=\"_ _363\"> </span>Und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e DB S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>mes<span class=\"_ _0\"></span>, the e<span class=\"_ _0\"></span>mploy<span class=\"_ _0\"></span>ees a<span class=\"_ _0\"></span>re entit<span class=\"_ _0\"></span>led to re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ive an ann<span class=\"_ _0\"></span>ual paym<span class=\"_ _0\"></span>ent o<span class=\"_ _0\"></span>n att<span class=\"_ _0\"></span>ainme<span class=\"_ _0\"></span>nt of nor<span class=\"_ _0\"></span>mal ret<span class=\"_ _0\"></span>irem<span class=\"_ _0\"></span>ent age<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h in Irela<span class=\"_ _0\"></span>nd is 67 or 6<span class=\"_ _0\"></span>8 de<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>ding on y<span class=\"_ _0\"></span>ear of bir<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h and in t<span class=\"_ _0\"></span>he UK is ag<span class=\"_ _0\"></span>e 65 for t<span class=\"_ _0\"></span>he maj<span class=\"_ _0\"></span>ori<span class=\"_ _0\"></span>ty of b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he leve<span class=\"_ _0\"></span>l of bene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t payable d<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>ends o<span class=\"_ _0\"></span>n len<span class=\"_ _0\"></span>gth of se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce. In the c<span class=\"_ _0\"></span>ase of sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s still op<span class=\"_ _0\"></span>en to ac<span class=\"_ _0\"></span>cru<span class=\"_ _0\"></span>al, it a<span class=\"_ _0\"></span>lso de<span class=\"_ _0\"></span>pend<span class=\"_ _0\"></span>s on a me<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>\u2019s fina<span class=\"_ _0\"></span>l pensi<span class=\"_ _0\"></span>onab<span class=\"_ _0\"></span>le sala<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y and i<span class=\"_ _0\"></span>n the c<span class=\"_ _0\"></span>ase of sche<span class=\"_ _0\"></span>mes c<span class=\"_ _0\"></span>lose<span class=\"_ _0\"></span>d to acc<span class=\"_ _0\"></span>rual<span class=\"_ _0\"></span>, it dep<span class=\"_ _0\"></span>ends o<span class=\"_ _0\"></span>n fu<span class=\"_ _0\"></span>ture revalu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n from t<span class=\"_ _0\"></span>he date me<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>rs ce<span class=\"_ _0\"></span>ased ac<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>uing b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>s up to retire<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>. Sa<span class=\"_ _0\"></span>lar<span class=\"_ _0\"></span>y for p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on pur<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>es is integ<span class=\"_ _0\"></span>rated wit<span class=\"_ _0\"></span>h the S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ate Pensio<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>he DB S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s provid<span class=\"_ _0\"></span>e pos<span class=\"_ _0\"></span>t retire<span class=\"_ _0\"></span>ment p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on inc<span class=\"_ _0\"></span>reases i<span class=\"_ _0\"></span>n the U<span class=\"_ _0\"></span>K only a<span class=\"_ _0\"></span>nd spo<span class=\"_ _0\"></span>use\u2019s de<span class=\"_ _0\"></span>ath in ret<span class=\"_ _0\"></span>irem<span class=\"_ _0\"></span>ent pe<span class=\"_ _0\"></span>nsions i<span class=\"_ _0\"></span>n both Irelan<span class=\"_ _0\"></span>d and th<span class=\"_ _0\"></span>e UK<span class=\"_ _0\"></span>. No oth<span class=\"_ _0\"></span>er po<span class=\"_ _0\"></span>st-<span class=\"_ _0\"></span>retire<span class=\"_ _0\"></span>ment b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ts are provi<span class=\"_ _0\"></span>ded to e<span class=\"_ _0\"></span>mploye<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Defined Benefit<span class=\"_ _4\"></span> Pension<span class=\"_ _2\"></span> Schemes \u2013 Pr<span class=\"_ _2\"></span>incipal Risks<span class=\"_ _363\"> </span>Thro<span class=\"_ _0\"></span>ugh i<span class=\"_ _0\"></span>ts def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it pe<span class=\"_ _0\"></span>nsion s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>mes t<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p is exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to a numbe<span class=\"_ _0\"></span>r of risks t<span class=\"_ _0\"></span>he mos<span class=\"_ _0\"></span>t signi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cant of whi<span class=\"_ _0\"></span>ch are de<span class=\"_ _0\"></span>taile<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>low:<span class=\"_ _363\"> </span>Asset V<span class=\"_ _2\"></span>olat<span class=\"_ _0\"></span>ility<span class=\"_ _363\"> </span>Und<span class=\"_ _0\"></span>er IFR<span class=\"_ _0\"></span>S the as<span class=\"_ _0\"></span>sets of th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s defi<span class=\"_ _0\"></span>ned b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>it p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es are rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>d at fair valu<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e major<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of the s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>mes<span class=\"_ _0\"></span>\u2019 assets c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>pris<span class=\"_ _0\"></span>e of equi<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, bo<span class=\"_ _0\"></span>nds and p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y all of whi<span class=\"_ _0\"></span>ch may f<span class=\"_ _0\"></span>luct<span class=\"_ _0\"></span>uate signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>antly f<span class=\"_ _0\"></span>rom o<span class=\"_ _0\"></span>ne rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ing pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d to the ne<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>t.<span class=\"_ _363\"> </span>Discount Rates<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e disco<span class=\"_ _0\"></span>unt rates use<span class=\"_ _0\"></span>d in ca<span class=\"_ _0\"></span>lculat<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e prese<span class=\"_ _0\"></span>nt value of sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s are deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>ed by refere<span class=\"_ _0\"></span>nce to ma<span class=\"_ _0\"></span>rket yi<span class=\"_ _0\"></span>elds at t<span class=\"_ _0\"></span>he bala<span class=\"_ _0\"></span>nce s<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t date of high qual<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y cor<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>rate bon<span class=\"_ _0\"></span>ds co<span class=\"_ _0\"></span>nsistent wi<span class=\"_ _0\"></span>th the c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>ncy a<span class=\"_ _0\"></span>nd ter<span class=\"_ _0\"></span>m of the reti<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nt ben<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>it obli<span class=\"_ _0\"></span>gatio<span class=\"_ _0\"></span>ns. Ch<span class=\"_ _0\"></span>ange<span class=\"_ _0\"></span>s to the disc<span class=\"_ _0\"></span>ount r<span class=\"_ _0\"></span>ates can have a ver<span class=\"_ _0\"></span>y si<span class=\"_ _0\"></span>gnif<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>nt impac<span class=\"_ _0\"></span>t on th<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt of def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t sch<span class=\"_ _0\"></span>eme li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Salary and Price<span class=\"_ _2\"></span> I<span class=\"_ _0\"></span>nflation<span class=\"_ _363\"> </span>So<span class=\"_ _0\"></span>me of the G<span class=\"_ _0\"></span>roup\u2019s pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n oblig<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>s are salar<span class=\"_ _3\"></span>y and inf<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n linked<span class=\"_ _0\"></span>. Highe<span class=\"_ _0\"></span>r sala<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y and p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>e infl<span class=\"_ _0\"></span>ation wil<span class=\"_ _0\"></span>l lead to hig<span class=\"_ _0\"></span>her lia<span class=\"_ _0\"></span>biliti<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>xpos<span class=\"_ _0\"></span>ure to inflat<span class=\"_ _0\"></span>ion r<span class=\"_ _0\"></span>isk relates to th<span class=\"_ _0\"></span>e grant<span class=\"_ _0\"></span>ing of infl<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n linked pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n incre<span class=\"_ _0\"></span>ases in t<span class=\"_ _0\"></span>he UK an<span class=\"_ _0\"></span>d also to revalu<span class=\"_ _0\"></span>ation of d<span class=\"_ _0\"></span>eferre<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>its in b<span class=\"_ _0\"></span>oth the U<span class=\"_ _0\"></span>K and Ire<span class=\"_ _0\"></span>land<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Longevity Risk<span class=\"_ _363\"> </span>In the ma<span class=\"_ _0\"></span>jori<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of cases t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up\u2019s def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t pens<span class=\"_ _0\"></span>ion sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es prov<span class=\"_ _0\"></span>ide b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>its fo<span class=\"_ _0\"></span>r life. Incre<span class=\"_ _0\"></span>ases in li<span class=\"_ _0\"></span>fe expe<span class=\"_ _0\"></span>ct<span class=\"_ _0\"></span>ancy will t<span class=\"_ _0\"></span>here<span class=\"_ _0\"></span>fore give r<span class=\"_ _0\"></span>ise <span class=\"ls2\"> </span>to higher l<span class=\"_ _2\"></span>iabilities.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e nature of the<span class=\"_ _0\"></span>se ris<span class=\"_ _0\"></span>ks is not mater<span class=\"_ _0\"></span>ially di<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ferent ac<span class=\"_ _0\"></span>ross all sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es wit<span class=\"_ _0\"></span>h the e<span class=\"_ _0\"></span>xcepti<span class=\"_ _0\"></span>on of sala<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y and p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>e infl<span class=\"_ _0\"></span>ation r<span class=\"_ _0\"></span>isks whi<span class=\"_ _0\"></span>ch dif<span class=\"_ _0\"></span>fer b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n <span class=\"ls2\"> </span>the U<span class=\"_ _0\"></span>K and Irel<span class=\"_ _0\"></span>and.<span class=\"_ _363\"> </span>Financial A<span class=\"_ _4\"></span>ssumptions<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>ancia<span class=\"_ _0\"></span>l assumpt<span class=\"_ _0\"></span>ions us<span class=\"_ _0\"></span>ed to cal<span class=\"_ _0\"></span>culate th<span class=\"_ _0\"></span>e retire<span class=\"_ _0\"></span>ment b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>it li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>ies un<span class=\"_ _0\"></span>der I<span class=\"_ _0\"></span>A<span class=\"_ _0\"></span>S 1<span class=\"_ _2\"></span>9 were as fol<span class=\"_ _0\"></span>lows:<span class=\"_ _363\"> </span>At 31 De<span class=\"_ _0\"></span>c 20<span class=\"_ _0\"></span>22 Irish schemes<span class=\"_ _363\"> </span>At 31 De<span class=\"_ _0\"></span>c 20<span class=\"_ _0\"></span>22 UK schemes<span class=\"_ _363\"> </span>At 31 De<span class=\"_ _0\"></span>c 20<span class=\"_ _0\"></span>21 Irish schemes<span class=\"_ _363\"> </span>At 31 De<span class=\"_ _0\"></span>c 20<span class=\"_ _0\"></span>21 UK schemes<span class=\"_ _363\"> </span>V<span class=\"_ _4\"></span>alua<span class=\"_ _2\"></span>tion method<span class=\"_ _2fe\"> </span><span class=\"ff83 ls6c wse\">Projected Unit<span class=\"_ _5a\"> </span>Projected Unit<span class=\"_ _2ff\"> </span></span><span class=\"ls20 wsab\">Project<span class=\"_ _2\"></span>ed Unit<span class=\"_ _35\"> </span>Projected Unit<span class=\"_ _363\"> </span></span>Rate of increas<span class=\"_ _0\"></span>e in salar<span class=\"_ _0\"></span>ies*<span class=\"_ _300\"> </span><span class=\"ff83 ls47 ws3d\">3.80%<span class=\"_ _11d\"> </span><span class=\"ls8 ws161\">N<span class=\"_ _3\"></span>/A<span class=\"_ _1b\"> </span></span></span><span class=\"ls68 ws5d\">3.30%<span class=\"_ _fa\"> </span><span class=\"lse7 wsb8\">N<span class=\"_ _0\"></span>/A<span class=\"_ _363\"> </span></span></span>Rate of increas<span class=\"_ _0\"></span>e of pensi<span class=\"_ _0\"></span>ons in pay<span class=\"_ _0\"></span>ment<span class=\"_ _16a\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _131\"> </span><span class=\"ls13b ws148\">3<span class=\"_ _3\"></span>.1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>%<span class=\"_ _79\"> </span></span><span class=\"ff84\">\u2013<span class=\"_ _46\"> </span><span class=\"lsd6 wscf\">3<span class=\"_ _3\"></span>.1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>%<span class=\"_ _363\"> </span></span></span></span>Rate of revaluati<span class=\"_ _0\"></span>on of non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>tired m<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>its u<span class=\"_ _0\"></span>p to retirem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>*<span class=\"_ _1cc\"> </span><span class=\"ff83 ls13 ws22\">2<span class=\"_ _0\"></span>.45%-2.50%<span class=\"_ _5f\"> </span><span class=\"lsb ws55\">2<span class=\"_ _0\"></span>.6<span class=\"_ _0\"></span>0%<span class=\"_ _141\"> </span></span></span><span class=\"ls15 ws32\">2<span class=\"_ _0\"></span>.0<span class=\"_ _0\"></span>0%<span class=\"_ _66\"> </span><span class=\"lse9 wsdf\">2<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>%<span class=\"_ _363\"> </span></span></span>Disc<span class=\"_ _0\"></span>ount r<span class=\"_ _0\"></span>ate<span class=\"_ _142\"> </span><span class=\"ff83 lseb wse2\">3<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>%<span class=\"_ _141\"> </span><span class=\"ls47 ws3d\">4.80%<span class=\"_ _6d\"> </span></span></span><span class=\"lsd6 wscf\">1<span class=\"_ _0\"></span>.15<span class=\"_ _34\"></span>%<span class=\"_ _46\"> </span><span class=\"lsd1 wsc8\">1.<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>%<span class=\"_ _363\"> </span></span></span>Inflat<span class=\"_ _0\"></span>ion rate in<span class=\"_ _0\"></span>crease<span class=\"_ _246\"> </span><span class=\"ff83 lsb ws55\">2.60<span class=\"_ _0\"></span>%<span class=\"_ _133\"> </span><span class=\"ls68 ws5d\">2<span class=\"_ _0\"></span>.60%/3.20%<span class=\"_ _2\"></span>*<span class=\"_ _0\"></span>*<span class=\"_ _c4\"> </span><span class=\"ff84 lsd6 wscf\">2<span class=\"_ _3\"></span>.1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>%<span class=\"_ _2ff\"> </span></span><span class=\"ff84\">2.<span class=\"_ _2\"></span>70%/3.30%*<span class=\"_ _0\"></span>*<span class=\"_ _363\"> </span></span></span></span>*  <span class=\"_ _32\"> </span>F<span class=\"_ _0\"></span>oll<span class=\"_ _0\"></span>owin<span class=\"_ _0\"></span>g th<span class=\"_ _0\"></span>e clo<span class=\"_ _0\"></span>sur<span class=\"_ _0\"></span>e to acc<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>al of th<span class=\"_ _0\"></span>e UK s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me a<span class=\"_ _0\"></span>nd on<span class=\"_ _0\"></span>e of th<span class=\"_ _0\"></span>e Iri<span class=\"_ _0\"></span>sh sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>mes<span class=\"_ _0\"></span>, b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ts in t<span class=\"_ _0\"></span>ho<span class=\"_ _0\"></span>se sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>mes a<span class=\"_ _0\"></span>re no l<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ger l<span class=\"_ _0\"></span>inke<span class=\"_ _0\"></span>d to fi<span class=\"_ _0\"></span>nal s<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y. Instea<span class=\"_ _0\"></span>d, ac<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ts up to<span class=\"_ _0\"></span> the d<span class=\"_ _0\"></span>ate of cl<span class=\"_ _0\"></span>osu<span class=\"_ _0\"></span>re rev<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e in lin<span class=\"_ _0\"></span>e wit<span class=\"_ _0\"></span>h inf<span class=\"_ _0\"></span>lat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n, su<span class=\"_ _0\"></span>bje<span class=\"_ _0\"></span>ct to c<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain c<span class=\"_ _0\"></span>ap<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he as<span class=\"_ _0\"></span>sum<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>on for t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ate of inc<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>se in s<span class=\"_ _0\"></span>ala<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s sh<span class=\"_ _0\"></span>own at 31 D<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 for th<span class=\"_ _0\"></span>e Ir<span class=\"_ _0\"></span>ish S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es onl<span class=\"_ _0\"></span>y ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>s to th<span class=\"_ _0\"></span>e sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at we<span class=\"_ _0\"></span>re sti<span class=\"_ _0\"></span>ll op<span class=\"_ _0\"></span>en to a<span class=\"_ _0\"></span>ccr<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>l at th<span class=\"_ _0\"></span>at date<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>*<span class=\"_ _0\"></span>*  <span class=\"_ _38\"> </span>T<span class=\"_ _0\"></span>he inf<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n ass<span class=\"_ _0\"></span>ump<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n sh<span class=\"_ _0\"></span>own for t<span class=\"_ _0\"></span>he U<span class=\"_ _0\"></span>K is ba<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n bot<span class=\"_ _0\"></span>h th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>nsu<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>r Pri<span class=\"_ _0\"></span>ce I<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>x (CPI) a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>he Re<span class=\"_ _0\"></span>tail P<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ce I<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>x (RP<span class=\"_ _0\"></span>I).<span class=\"_ _363\"> </span>30. <span class=\"_ _38\"> </span>Pension Commitments<span class=\"ff90 ls9d ws54\"> continue<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e futu<span class=\"_ _0\"></span>re life exp<span class=\"_ _0\"></span>ect<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>y at age 6<span class=\"_ _0\"></span>5 for male<span class=\"_ _0\"></span>s and fema<span class=\"_ _0\"></span>les (curre<span class=\"_ _0\"></span>ntly ag<span class=\"_ _0\"></span>ed 5<span class=\"_ _0\"></span>5 and 6<span class=\"_ _0\"></span>5), in<span class=\"_ _0\"></span>here<span class=\"_ _0\"></span>nt in the m<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>alit<span class=\"_ _0\"></span>y tab<span class=\"_ _0\"></span>les us<span class=\"_ _0\"></span>ed for t<span class=\"_ _0\"></span>he 20<span class=\"_ _0\"></span>22 an<span class=\"_ _0\"></span>d 2021<span class=\"_ _363\"> </span>year en<span class=\"_ _0\"></span>d IA<span class=\"_ _0\"></span>S 1<span class=\"_ _2\"></span>9 di<span class=\"_ _0\"></span>sclos<span class=\"_ _0\"></span>ures are as foll<span class=\"_ _0\"></span>ows:<span class=\"_ _363\"> </span>2022 Mortality (years<span class=\"_ _2\"></span>)<span class=\"_ _68\"> </span><span class=\"ls1f wsc\">Ireland<span class=\"_ _5d\"> </span><span class=\"lsa9 ws9e\">UK<span class=\"_ _63\"> </span></span></span>2021 Mortality (years<span class=\"_ _2\"></span>)<span class=\"_ _68\"> </span><span class=\"ls1f wsc\">Ireland<span class=\"_ _126\"> </span><span class=\"lsa9 ws9e\">UK<span class=\"_ _363\"> </span></span></span>Futu<span class=\"_ _0\"></span>re Pe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ne<span class=\"_ _0\"></span>r ag<span class=\"_ _0\"></span>ed 6<span class=\"_ _0\"></span>5:<span class=\"_ _c5\"> </span><span class=\"ls78 ws6b\">Male<span class=\"_ _123\"> </span><span class=\"ls47 ws3d\">23.3<span class=\"_ _c2\"> </span><span class=\"ls3f ws36\">2<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>5<span class=\"_ _5f\"> </span></span></span></span><span class=\"ff92\">Future Pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>ner ag<span class=\"_ _0\"></span>ed 6<span class=\"_ _0\"></span>5:<span class=\"_ _1ea\"> </span><span class=\"ls11 ws18\">Male<span class=\"_ _81\"> </span><span class=\"ls15 ws32\">23<span class=\"_ _0\"></span>.0<span class=\"_ _b4\"> </span><span class=\"lsd1 wsc8\">2<span class=\"_ _0\"></span>1.<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span></span></span></span>Fem<span class=\"_ _0\"></span>ale<span class=\"_ _6d\"> </span><span class=\"lsf ws9b\">25<span class=\"_ _0\"></span>.9<span class=\"_ _c2\"> </span><span class=\"ls13b ws148\">2<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>.1<span class=\"_ _3d\"> </span></span></span><span class=\"ff92\">Female<span class=\"_ _a4\"> </span><span class=\"ls14 wsb9\">25.<span class=\"_ _0\"></span>2<span class=\"_ _b4\"> </span><span class=\"lsd6 wscf\">2<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>.1<span class=\"_ _363\"> </span></span></span></span>Cu<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>t Pen<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>er a<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>d 65:<span class=\"_ _f0\"> </span><span class=\"ls78 ws6b\">Male<span class=\"_ _123\"> </span><span class=\"lsb ws55\">2<span class=\"_ _0\"></span>2.6<span class=\"_ _c2\"> </span><span class=\"lsf ws9b\">20.9<span class=\"_ _6c\"> </span></span></span></span><span class=\"ff92\">Curre<span class=\"_ _0\"></span>nt Pensi<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>r age<span class=\"_ _0\"></span>d 65<span class=\"_ _98\"> </span><span class=\"ls11 ws18\">M<span class=\"_ _0\"></span>ale<span class=\"_ _f4\"> </span><span class=\"lsd1 wsc8\">21.<span class=\"_ _3\"></span>8<span class=\"_ _96\"> </span><span class=\"lse4 wsdc\">2<span class=\"_ _0\"></span>0.9<span class=\"_ _363\"> </span></span></span></span></span>Fem<span class=\"_ _0\"></span>ale<span class=\"_ _6e\"> </span><span class=\"ls10 ws5e\">2<span class=\"_ _0\"></span>5.0<span class=\"_ _69\"> </span><span class=\"ls13 ws22\">2<span class=\"_ _0\"></span>3.4<span class=\"_ _173\"> </span></span></span><span class=\"ff92\">Femal<span class=\"_ _0\"></span>e<span class=\"_ _a4\"> </span><span class=\"lsa2 ws97\">24.<span class=\"_ _0\"></span>2<span class=\"_ _a1\"> </span><span class=\"ls68 ws5d\">23.3<span class=\"_ _363\"> </span></span></span></span>Scheme Assets<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e assets i<span class=\"_ _0\"></span>n thes<span class=\"_ _0\"></span>e sch<span class=\"_ _0\"></span>emes a<span class=\"_ _0\"></span>re analy<span class=\"_ _0\"></span>sed b<span class=\"_ _0\"></span>elow<span class=\"_ _0\"></span>:<span class=\"_ _363\"> </span>%<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _79\"> </span><span class=\"ls2 ws0\">%<span class=\"_ _363\"> </span></span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>UK equities<span class=\"_ _2e7\"> </span><span class=\"ff91 ls2 ws0\">1<span class=\"_ _a3\"> </span><span class=\"lsc2 ws168\">2<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>174<span class=\"_ _fc\"> </span></span><span class=\"ff92\">1<span class=\"_ _6d\"> </span></span></span><span class=\"ls6b\">3,656<span class=\"_ _363\"> </span></span>Overseas (<span class=\"_ _2\"></span>n<span class=\"_ _0\"></span>on-<span class=\"_ _0\"></span>UK<span class=\"_ _0\"></span>) equities<span class=\"_ _15d\"> </span><span class=\"ff91 lse7 wsb8\">18<span class=\"_ _76\"> </span><span class=\"ls3f ws36\">3<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>614<span class=\"_ _8b\"> </span></span></span><span class=\"ls16 ws10c\">21<span class=\"_ _5d\"> </span><span class=\"ls14e ws15e\">6<span class=\"_ _34\"></span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>74<span class=\"_ _363\"> </span></span></span>Governmen<span class=\"_ _2\"></span>t bonds<span class=\"_ _2c1\"> </span><span class=\"ff91 ls97 ws88\">27<span class=\"_ _76\"> </span><span class=\"ls134 ws145\">5<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>619<span class=\"_ _8b\"> </span></span></span><span class=\"ls20 ws19\">23<span class=\"_ _5d\"> </span><span class=\"ls6b wsb\">65,21<span class=\"_ _2\"></span>8<span class=\"_ _363\"> </span></span></span>Corporate<span class=\"_ _2\"></span> bonds<span class=\"_ _291\"> </span><span class=\"ff91 lse7 wsb8\">18<span class=\"_ _5b\"> </span><span class=\"ls155 ws169\">3<span class=\"_ _3\"></span>3,7<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>3<span class=\"_ _8b\"> </span></span></span><span class=\"lsdd ws3b\">18<span class=\"_ _c4\"> </span><span class=\"ls1a ws7d\">5<span class=\"_ _0\"></span>0,56<span class=\"_ _0\"></span>3<span class=\"_ _363\"> </span></span></span>Propert<span class=\"_ _0\"></span>y<span class=\"_ _11e\"> </span><span class=\"ff91 ls2 ws0\">1<span class=\"_ _181\"> </span><span class=\"ls12a wsab\">2,536<span class=\"_ _f7\"> </span></span><span class=\"ff92\">1<span class=\"_ _6d\"> </span><span class=\"lsa7 ws9c\">4<span class=\"_ _0\"></span>,959<span class=\"_ _363\"> </span></span></span></span>Dive<span class=\"_ _0\"></span>rsif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d grow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h fun<span class=\"_ _0\"></span>ds<span class=\"_ _272\"> </span><span class=\"ff91 ls4 ws3\">23<span class=\"_ _5b\"> </span><span class=\"ls134 ws145\">4<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,10<span class=\"_ _3\"></span>4<span class=\"_ _d1\"> </span></span></span><span class=\"ls20 ws19\">23<span class=\"_ _c4\"> </span><span class=\"lsc ws9\">64<span class=\"_ _0\"></span>,3<span class=\"_ _0\"></span>37<span class=\"_ _363\"> </span></span></span>Lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y dr<span class=\"_ _0\"></span>iven inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt (<span class=\"_ _0\"></span>\u201cL<span class=\"_ _0\"></span>DI\u201d<span class=\"_ _3\"></span>)<span class=\"_ _198\"> </span><span class=\"ff91 ls33 ws29\">11<span class=\"_ _c4\"> </span><span class=\"lsf ws9b\">20,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>81<span class=\"_ _8b\"> </span></span></span><span class=\"ls89 wsd0\">12<span class=\"_ _76\"> </span><span class=\"ls14 wsb9\">3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>,3<span class=\"_ _0\"></span>49<span class=\"_ _363\"> </span></span></span>Cash<span class=\"_ _301\"> </span><span class=\"ff91 ls2 ws0\">1<span class=\"_ _6d\"> </span><span class=\"ls134 ws145\">2<span class=\"_ _3\"></span>,10<span class=\"_ _3\"></span>7<span class=\"_ _26\"> </span></span><span class=\"ff92\">1<span class=\"_ _a3\"> </span><span class=\"lsdd ws3b\">1,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>9<span class=\"_ _363\"> </span></span></span></span>10<span class=\"_ _0\"></span>0<span class=\"_ _96\"> </span><span class=\"ls134 ws145\">19<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>8<span class=\"_ _1c\"> </span><span class=\"ff92 lsdd ws3b\">10<span class=\"_ _0\"></span>0<span class=\"_ _2c\"> </span><span class=\"ls144 ws152\">2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _363\"> </span></span></span></span>Actuar<span class=\"_ _0\"></span>ial value of liabilities<span class=\"_ _291\"> </span><span class=\"ff91 lse4 wsdc\">(2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>,78<span class=\"_ _0\"></span>2)<span class=\"_ _302\"> </span></span><span class=\"ls132 ws146\">(<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,17<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span>De<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>t in th<span class=\"_ _0\"></span>e sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>s<span class=\"_ _280\"> </span><span class=\"ls31 ws27\">(<span class=\"_ _3\"></span>10<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _ba\"> </span><span class=\"ff92 ls14 wsb9\">(<span class=\"_ _4\"></span>1<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>471<span class=\"_ _4\"></span>)<span class=\"_ _363\"> </span></span></span>Repre<span class=\"_ _0\"></span>sented by<span class=\"_ _0\"></span>:<span class=\"_ _363\"> </span>Retire<span class=\"_ _0\"></span>ment b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t asset<span class=\"_ _0\"></span>s <span class=\"_ _248\"> </span><span class=\"ff91 ls6c ws61\">4,58<span class=\"_ _0\"></span>4<span class=\"_ _235\"> </span></span><span class=\"ls6e ws10\">3,596<span class=\"_ _363\"> </span></span>Retire<span class=\"_ _0\"></span>ment b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns<span class=\"_ _1ff\"> </span><span class=\"ff91 ls8b ws7c\">(1<span class=\"_ _2\"></span>5,068)<span class=\"_ _1a\"> </span><span class=\"ff92 ls6b wsb\">(1<span class=\"_ _2\"></span>5,067)<span class=\"_ _363\"> </span></span></span>(<span class=\"_ _0\"></span>10<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>)<span class=\"_ _30\"> </span><span class=\"ff92 ls14 wsb9\">(1<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>471)<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e net pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>me d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>cit of \u00a31<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>,4<span class=\"_ _3\"></span>84<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 is shown i<span class=\"_ _0\"></span>n the Gro<span class=\"_ _0\"></span>up bala<span class=\"_ _0\"></span>nce s<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2 as (<span class=\"_ _0\"></span>i) re<span class=\"_ _0\"></span>tirem<span class=\"_ _0\"></span>ent be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>bligati<span class=\"_ _0\"></span>ons<span class=\"_ _363\"> </span>(non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent L<span class=\"_ _0\"></span>iabili<span class=\"_ _0\"></span>ties) of \u00a31<span class=\"_ _2\"></span>5,0<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>8,<span class=\"_ _0\"></span>00<span class=\"_ _0\"></span>0 of whic<span class=\"_ _0\"></span>h \u00a31<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>236<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>00 re<span class=\"_ _0\"></span>lates to a UK sch<span class=\"_ _0\"></span>eme a<span class=\"_ _0\"></span>nd \u00a38<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>2,<span class=\"_ _0\"></span>00<span class=\"_ _0\"></span>0 relates to a Euro s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me and (<span class=\"_ _0\"></span>ii<span class=\"_ _0\"></span>) retire<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span> ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t asse<span class=\"_ _0\"></span>ts (non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent ass<span class=\"_ _0\"></span>ets) of \u00a34,5<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4,<span class=\"_ _0\"></span>00<span class=\"_ _0\"></span>0 rel<span class=\"_ _0\"></span>ating to th<span class=\"_ _0\"></span>e other Eu<span class=\"_ _0\"></span>ro sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e net pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>me d<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>cit of \u00a31<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>471,00<span class=\"_ _0\"></span>0 is shown in t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up bala<span class=\"_ _0\"></span>nce sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t at 31 De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>021 as (<span class=\"_ _0\"></span>i) re<span class=\"_ _0\"></span>tirem<span class=\"_ _0\"></span>ent be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it o<span class=\"_ _0\"></span>bligati<span class=\"_ _0\"></span>ons<span class=\"_ _363\"> </span>(non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent L<span class=\"_ _0\"></span>iabili<span class=\"_ _0\"></span>ties) of \u00a31<span class=\"_ _2\"></span>5,0<span class=\"_ _0\"></span>67<span class=\"_ _2\"></span>,0<span class=\"_ _0\"></span>00 of whi<span class=\"_ _0\"></span>ch \u00a31<span class=\"_ _4\"></span>4,<span class=\"_ _0\"></span>379<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>00 rel<span class=\"_ _0\"></span>ates to the Euro sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>mes an<span class=\"_ _0\"></span>d \u00a36<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>8,0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0 relates to a UK s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me and (<span class=\"_ _0\"></span>ii<span class=\"_ _0\"></span>) retire<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span> ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t asse<span class=\"_ _0\"></span>ts (non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent ass<span class=\"_ _0\"></span>ets) of \u00a33,5<span class=\"_ _0\"></span>96<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>00 re<span class=\"_ _0\"></span>lating to an<span class=\"_ _0\"></span>othe<span class=\"_ _0\"></span>r Euro sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e retire<span class=\"_ _0\"></span>ment b<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>it as<span class=\"_ _0\"></span>sets h<span class=\"_ _0\"></span>ave bee<span class=\"_ _0\"></span>n rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rdanc<span class=\"_ _0\"></span>e wit<span class=\"_ _0\"></span>h IFRIC 14 \u2018T<span class=\"_ _0\"></span>he L<span class=\"_ _0\"></span>imit o<span class=\"_ _0\"></span>n a Def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ed B<span class=\"_ _0\"></span>enef<span class=\"_ _0\"></span>it A<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t, Mi<span class=\"_ _0\"></span>nimum Fun<span class=\"_ _0\"></span>ding<span class=\"_ _363\"> </span>Requi<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nts and t<span class=\"_ _0\"></span>heir Inte<span class=\"_ _0\"></span>ract<span class=\"_ _0\"></span>ion\u2019 as i<span class=\"_ _0\"></span>t has be<span class=\"_ _0\"></span>en de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ined t<span class=\"_ _0\"></span>hat th<span class=\"_ _0\"></span>e Group h<span class=\"_ _0\"></span>as an unc<span class=\"_ _0\"></span>ondi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal rig<span class=\"_ _0\"></span>ht to a refund of th<span class=\"_ _0\"></span>e sur<span class=\"_ _0\"></span>plus ass<span class=\"_ _0\"></span>ets if th<span class=\"_ _0\"></span>e<span class=\"_ _363\"> </span>sche<span class=\"_ _0\"></span>mes a<span class=\"_ _0\"></span>re run of<span class=\"_ _0\"></span>f unt<span class=\"_ _0\"></span>il the las<span class=\"_ _0\"></span>t mem<span class=\"_ _0\"></span>ber h<span class=\"_ _0\"></span>as lef<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e sch<span class=\"_ _0\"></span>eme.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e actual re<span class=\"_ _0\"></span>tur<span class=\"_ _0\"></span>n on plan as<span class=\"_ _0\"></span>sets is s<span class=\"_ _0\"></span>et ou<span class=\"_ _0\"></span>t bel<span class=\"_ _0\"></span>ow:<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Actu<span class=\"_ _0\"></span>al retur<span class=\"_ _0\"></span>n on pla<span class=\"_ _0\"></span>n asset<span class=\"_ _0\"></span>s<span class=\"_ _213\"> </span><span class=\"ff91 ls35 ws2b\">(9<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>9)<span class=\"_ _2cd\"> </span></span><span class=\"lse0 wsd7\">13<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>3<span class=\"_ _363\"> </span></span>Plan ass<span class=\"_ _0\"></span>ets are c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>d as follows:<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>Quoted*<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>Unquoted<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Qu<span class=\"_ _0\"></span>oted<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Unq<span class=\"_ _0\"></span>uote<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Equit<span class=\"_ _0\"></span>y \u2013 U<span class=\"_ _0\"></span>K<span class=\"_ _303\"> </span><span class=\"ff91 lsc2 ws168\">2<span class=\"_ _3\"></span>,174<span class=\"_ _79\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _60\"> </span></span>2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>174<span class=\"_ _60\"> </span></span><span class=\"ls6b wsb\">3,656<span class=\"_ _114\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _77\"> </span><span class=\"ls6b wsb\">3,656<span class=\"_ _363\"> </span></span></span>Equit<span class=\"_ _0\"></span>y \u2013 O<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er<span class=\"_ _304\"> </span><span class=\"ff91 ls3f ws36\">3<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>614<span class=\"_ _79\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _11a\"> </span></span>3<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>614<span class=\"_ _126\"> </span></span><span class=\"ls14e ws15e\">6<span class=\"_ _34\"></span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>74<span class=\"_ _79\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _5d\"> </span><span class=\"ls14e ws15e\">6<span class=\"_ _34\"></span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>74<span class=\"_ _363\"> </span></span></span>Bo<span class=\"_ _0\"></span>nds \u2013 Gove<span class=\"_ _0\"></span>rnm<span class=\"_ _0\"></span>ent<span class=\"_ _75\"> </span><span class=\"ff91 ls134 ws145\">5<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>619<span class=\"_ _79\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _5d\"> </span></span>5<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>619<span class=\"_ _63\"> </span></span><span class=\"ls6b wsb\">65,21<span class=\"_ _2\"></span>8<span class=\"_ _114\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _126\"> </span></span>65,2<span class=\"_ _4\"></span>1<span class=\"_ _2\"></span>8<span class=\"_ _363\"> </span></span>Bo<span class=\"_ _0\"></span>nds \u2013 Co<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>orate<span class=\"_ _d2\"> </span><span class=\"ff91 ls155 ws169\">3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>3<span class=\"_ _128\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _5b\"> </span></span>3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>3<span class=\"_ _76\"> </span></span><span class=\"ls1a ws7d\">50,5<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>3<span class=\"_ _e7\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _11a\"> </span><span class=\"ls1a ws7d\">50,<span class=\"_ _0\"></span>56<span class=\"_ _0\"></span>3<span class=\"_ _363\"> </span></span></span>Propert<span class=\"_ _0\"></span>y<span class=\"_ _2c9\"> </span><span class=\"ff91 ls12a wsab\">2,536<span class=\"_ _114\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _181\"> </span></span>2,536<span class=\"_ _77\"> </span></span><span class=\"lsa7 ws9c\">4,95<span class=\"_ _0\"></span>9<span class=\"_ _e7\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _77\"> </span></span>4<span class=\"_ _0\"></span>,959<span class=\"_ _363\"> </span></span>Cash<span class=\"_ _2a0\"> </span><span class=\"ff91 ls134 ws145\">2<span class=\"_ _3\"></span>,10<span class=\"_ _3\"></span>7<span class=\"_ _128\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _77\"> </span></span>2<span class=\"_ _3\"></span>,10<span class=\"_ _3\"></span>7<span class=\"_ _60\"> </span></span><span class=\"lsdd ws3b\">1,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>9<span class=\"_ _79\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _a3\"> </span></span>1,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>9<span class=\"_ _363\"> </span></span>Dive<span class=\"_ _0\"></span>rsif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d grow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h fun<span class=\"_ _0\"></span>ds<span class=\"_ _159\"> </span><span class=\"ff91 ls134 ws145\">4<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,10<span class=\"_ _3\"></span>4<span class=\"_ _79\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _11a\"> </span></span>4<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,10<span class=\"_ _3\"></span>4<span class=\"_ _76\"> </span></span><span class=\"lsc ws9\">6<span class=\"_ _0\"></span>4,<span class=\"_ _0\"></span>337<span class=\"_ _e7\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _c4\"> </span></span>6<span class=\"_ _0\"></span>4,<span class=\"_ _0\"></span>337<span class=\"_ _363\"> </span></span>LDI<span class=\"_ _122\"> </span><span class=\"ff91 lsf ws9b\">2<span class=\"_ _0\"></span>0,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>81<span class=\"_ _e7\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _5b\"> </span></span>20,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>81<span class=\"_ _c4\"> </span></span><span class=\"ls14 wsb9\">3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>,3<span class=\"_ _0\"></span>49<span class=\"_ _128\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _c4\"> </span></span>33<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>49<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>otal<span class=\"_ _1a2\"> </span><span class=\"ls134 ws145\">19<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>8<span class=\"_ _79\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _c2\"> </span></span>19<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>8<span class=\"_ _21\"> </span><span class=\"ff92 ls144 ws152\">28<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>05<span class=\"_ _128\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _db\"> </span></span>2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>05<span class=\"_ _363\"> </span></span></span>* <span class=\"_ _35\"> </span>As<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>s are h<span class=\"_ _0\"></span>old<span class=\"_ _0\"></span>ings i<span class=\"_ _0\"></span>n uni<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>und<span class=\"_ _0\"></span>s whe<span class=\"_ _0\"></span>re th<span class=\"_ _0\"></span>e un<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>rly<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g asse<span class=\"_ _0\"></span>ts ar<span class=\"_ _0\"></span>e liq<span class=\"_ _0\"></span>uid<span class=\"_ _0\"></span>/quoted i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>30. <span class=\"_ _38\"> </span>Pension Commitments<span class=\"ff85 ls9d ws54\"> continue<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>Sensitivity of<span class=\"_ _2\"></span> Pension Liability to<span class=\"_ _2\"></span> Ju<span class=\"_ _0\"></span>dgements/<span class=\"_ _2\"></span>A<span class=\"_ _2\"></span>ssumptions<span class=\"_ _363\"> </span>Assumption<span class=\"_ _3c\"> </span><span class=\"ws11c\">Chang<span class=\"_ _0\"></span>e in<span class=\"_ _2\"></span> A<span class=\"_ _0\"></span>ssumptions<span class=\"_ _10f\"> </span><span class=\"ls2e ws0\">Im<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ac<span class=\"_ _0\"></span>t on S<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me L<span class=\"_ _0\"></span>ia<span class=\"_ _0\"></span>bi<span class=\"_ _0\"></span>li<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span></span></span>Disc<span class=\"_ _0\"></span>ount r<span class=\"_ _0\"></span>ate<span class=\"_ _cf\"> </span>Inc<span class=\"_ _0\"></span>rease by 0.25<span class=\"_ _0\"></span>%<span class=\"_ _305\"> </span>Redu<span class=\"_ _0\"></span>ce by 3.<span class=\"_ _0\"></span>4%<span class=\"_ _363\"> </span>Rate of salar<span class=\"_ _0\"></span>y gr<span class=\"_ _0\"></span>owt<span class=\"_ _0\"></span>h<span class=\"_ _a\"> </span>Incre<span class=\"_ _0\"></span>ase by 0.25%<span class=\"_ _305\"> </span>In<span class=\"_ _0\"></span>creas<span class=\"_ _0\"></span>e by 0.<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>%<span class=\"_ _363\"> </span>Rate of inflati<span class=\"_ _0\"></span>on*<span class=\"_ _306\"> </span>Incre<span class=\"_ _0\"></span>ase by 0.25%<span class=\"_ _305\"> </span>Inc<span class=\"_ _0\"></span>rease by 1.5%<span class=\"_ _363\"> </span>Life expectancy<span class=\"_ _2f5\"> </span><span class=\"ls0 ws0\">In<span class=\"_ _0\"></span>creas<span class=\"_ _0\"></span>e by 1 year<span class=\"_ _305\"> </span>Inc<span class=\"_ _0\"></span>rease by 3.<span class=\"_ _2\"></span>1<span class=\"_ _4\"></span>%<span class=\"_ _363\"> </span></span>*  <span class=\"_ _32\"> </span>A<span class=\"_ _0\"></span>ss<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>d th<span class=\"_ _0\"></span>at an in<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>ase of 0<span class=\"_ _0\"></span>.25<span class=\"_ _0\"></span>% in th<span class=\"_ _0\"></span>e inf<span class=\"_ _0\"></span>lati<span class=\"_ _0\"></span>on a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>on wo<span class=\"_ _0\"></span>uld a<span class=\"_ _0\"></span>lso gi<span class=\"_ _0\"></span>ve ri<span class=\"_ _0\"></span>se to an i<span class=\"_ _0\"></span>ncr<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e in th<span class=\"_ _0\"></span>e sal<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y in<span class=\"_ _0\"></span>cre<span class=\"_ _0\"></span>ase a<span class=\"_ _0\"></span>ssu<span class=\"_ _0\"></span>mpti<span class=\"_ _0\"></span>on of 0.<span class=\"_ _0\"></span>25%<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e above se<span class=\"_ _0\"></span>nsiti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>y ana<span class=\"_ _0\"></span>lysis is d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ved th<span class=\"_ _0\"></span>rough c<span class=\"_ _0\"></span>hang<span class=\"_ _0\"></span>ing an ind<span class=\"_ _0\"></span>ivid<span class=\"_ _0\"></span>ual assu<span class=\"_ _0\"></span>mptio<span class=\"_ _0\"></span>n while h<span class=\"_ _0\"></span>oldin<span class=\"_ _0\"></span>g all othe<span class=\"_ _0\"></span>r assumpt<span class=\"_ _0\"></span>ions c<span class=\"_ _0\"></span>onst<span class=\"_ _0\"></span>ant.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>e following t<span class=\"_ _0\"></span>able p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>es a rec<span class=\"_ _0\"></span>onc<span class=\"_ _0\"></span>iliatio<span class=\"_ _0\"></span>n of the sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts (at bid value) and the a<span class=\"_ _0\"></span>ctuar<span class=\"_ _0\"></span>ial valu<span class=\"_ _0\"></span>e of sche<span class=\"_ _0\"></span>me lia<span class=\"_ _0\"></span>biliti<span class=\"_ _0\"></span>es:<span class=\"_ _363\"> </span>Y<span class=\"_ _4\"></span>ea<span class=\"_ _0\"></span>r En<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r<span class=\"_ _363\"> </span>Assets<span class=\"_ _af\"> </span><span class=\"ls11f ws26\">Liabilities<span class=\"_ _b\"> </span><span class=\"ws11d\">Net asset/(<span class=\"_ _2\"></span>def<span class=\"_ _0\"></span>icit)<span class=\"_ _363\"> </span></span></span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>At 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y<span class=\"_ _304\"> </span><span class=\"ls155 ws169\">28<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _b4\"> </span><span class=\"ff84 ls18 ws12\">26<span class=\"_ _0\"></span>3,6<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _92\"> </span></span><span class=\"ls134 ws145\">(<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>,17<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _b2\"> </span><span class=\"ff84 ls132 ws146\">(<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>14<span class=\"_ _34\"></span>,18<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)<span class=\"_ _b0\"> </span></span><span class=\"ls33 ws29\">(<span class=\"_ _3\"></span>11<span class=\"_ _0\"></span>,<span class=\"_ _34\"></span>4<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>)<span class=\"_ _b4\"> </span><span class=\"ff84 ls12f ws7a\">(5<span class=\"_ _0\"></span>0,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4)<span class=\"_ _363\"> </span></span></span></span></span>Interest in<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>me on pl<span class=\"_ _0\"></span>an asse<span class=\"_ _0\"></span>ts<span class=\"_ _307\"> </span><span class=\"ff83 ls6c ws61\">4,51<span class=\"_ _5\"></span>9<span class=\"_ _6d\"> </span><span class=\"ff84 ls78 ws6b\">2,<span class=\"_ _0\"></span>836<span class=\"_ _e7\"> </span></span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _6d\"> </span></span></span>4,51<span class=\"_ _2\"></span>9<span class=\"_ _6e\"> </span><span class=\"ff84 ls78 ws6b\">2,8<span class=\"_ _0\"></span>36<span class=\"_ _363\"> </span></span></span>Co<span class=\"_ _0\"></span>ntrib<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span>ons by em<span class=\"_ _0\"></span>ployer<span class=\"_ _10\"> </span><span class=\"ff83 lse0 wsd7\">4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>413<span class=\"_ _5d\"> </span></span><span class=\"lsa2 ws97\">24<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>08<span class=\"_ _0\"></span>2<span class=\"_ _128\"> </span></span><span class=\"ff83 ls2\">\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _6d\"> </span></span><span class=\"lse0 wsd7\">4<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>13<span class=\"_ _5d\"> </span></span></span><span class=\"lsa2 ws97\">24<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>2<span class=\"_ _363\"> </span></span>Co<span class=\"_ _0\"></span>ntrib<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span>ons by me<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>rs<span class=\"_ _308\"> </span><span class=\"ff83 ls6b wsb\">458<span class=\"_ _11d\"> </span></span><span class=\"ls4 ws3\">4<span class=\"_ _0\"></span>69<span class=\"_ _71\"> </span><span class=\"ff83 ls157 ws16b\">(4<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _112\"> </span></span><span class=\"lsef ws12e\">(4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>9)<span class=\"_ _22\"> </span></span></span><span class=\"ff83 ls2\">\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _363\"> </span></span></span>Be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it pay<span class=\"_ _0\"></span>ments<span class=\"_ _29b\"> </span><span class=\"ff83 ls89 wsd0\">(<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>12<span class=\"_ _0\"></span>)<span class=\"_ _6c\"> </span></span><span class=\"ls132 ws146\">(<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>,12<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _5f\"> </span><span class=\"ff83 ls89 wsd0\">8<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>12<span class=\"_ _ce\"> </span></span>9<span class=\"_ _0\"></span>,12<span class=\"_ _3\"></span>8<span class=\"_ _79\"> </span></span><span class=\"ff83 ls2\">\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _363\"> </span></span></span>Cur<span class=\"_ _0\"></span>rent se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vic<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t<span class=\"_ _309\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _63\"> </span></span><span class=\"ls22 ws66\">(<span class=\"_ _3\"></span>1,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _c4\"> </span></span></span><span class=\"ls105 ws162\">(2<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>35<span class=\"_ _0\"></span>9)<span class=\"_ _5b\"> </span><span class=\"ff83 ls22 ws66\">(<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _c4\"> </span></span>(<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span></span>Past se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce cre<span class=\"_ _0\"></span>dit \u2013 dis<span class=\"_ _0\"></span>cont<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>d (Note 27<span class=\"_ _0\"></span>)<span class=\"_ _110\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _e7\"> </span></span>\u2013<span class=\"_ _46\"> </span></span><span class=\"ls12a wsab\">2,500<span class=\"_ _e7\"> </span></span><span class=\"ff83 ls2\">\u2013<span class=\"_ _6e\"> </span></span><span class=\"ls12a wsab\">2,500<span class=\"_ _363\"> </span></span>Cur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ailme<span class=\"_ _0\"></span>nt gain \u2013 no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ing<span class=\"_ _83\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _114\"> </span><span class=\"ff84\">\u2013<span class=\"_ _46\"> </span></span><span class=\"ls13 ws22\">3,690<span class=\"_ _128\"> </span></span><span class=\"ff84\">\u2013<span class=\"_ _181\"> </span></span><span class=\"ls13 ws22\">3,69<span class=\"_ _0\"></span>0<span class=\"_ _e7\"> </span></span><span class=\"ff84\">\u2013<span class=\"_ _363\"> </span></span></span>Ot<span class=\"_ _0\"></span>her l<span class=\"_ _0\"></span>ong ter<span class=\"_ _0\"></span>m cre<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>/(expens<span class=\"_ _0\"></span>e)<span class=\"_ _30a\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _f7\"> </span></span>9<span class=\"_ _74\"> </span></span><span class=\"lse0 wsd7\">(<span class=\"_ _0\"></span>19<span class=\"_ _0\"></span>1)<span class=\"_ _1c1\"> </span></span><span class=\"ff83 ls2\">9<span class=\"_ _74\"> </span></span><span class=\"lse0 wsd7\">(<span class=\"_ _3\"></span>19<span class=\"_ _0\"></span>1)<span class=\"_ _363\"> </span></span>Interest c<span class=\"_ _0\"></span>ost o<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>me lia<span class=\"_ _0\"></span>biliti<span class=\"_ _0\"></span>es<span class=\"_ _295\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _126\"> </span></span><span class=\"ls157 ws16b\">(4<span class=\"_ _3\"></span>,6<span class=\"_ _3\"></span>27<span class=\"_ _3\"></span>)<span class=\"_ _5d\"> </span></span></span><span class=\"ls3f ws36\">(<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>19<span class=\"_ _0\"></span>)<span class=\"_ _20\"> </span><span class=\"ff83 ls157 ws16b\">(4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>)<span class=\"_ _5d\"> </span></span>(<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>19<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>Administration<span class=\"_ _4\"></span> costs<span class=\"_ _30b\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _d0\"> </span></span><span class=\"lsa2 ws97\">(3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>2)<span class=\"_ _22\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _114\"> </span><span class=\"ff84\">\u2013<span class=\"_ _e7\"> </span></span>\u2013<span class=\"_ _18\"> </span></span>(38<span class=\"_ _0\"></span>2)<span class=\"_ _363\"> </span></span>Remeasureme<span class=\"_ _0\"></span>nts<span class=\"_ _363\"> </span>Actu<span class=\"_ _0\"></span>arial (<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ss) / gain arisin<span class=\"_ _0\"></span>g from<span class=\"_ _363\"> </span>\u2013 exp<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e vari<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns<span class=\"_ _3c\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _126\"> </span></span><span class=\"ls35 ws2b\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>9)<span class=\"_ _46\"> </span></span></span><span class=\"ls132 ws146\">1<span class=\"_ _0\"></span>,13<span class=\"_ _0\"></span>1<span class=\"_ _6c\"> </span><span class=\"ff83 ls35 ws2b\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>9)<span class=\"_ _46\"> </span></span>1<span class=\"_ _0\"></span>,13<span class=\"_ _0\"></span>1<span class=\"_ _363\"> </span></span>\u2013 fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al assumpt<span class=\"_ _0\"></span>ions<span class=\"_ _7c\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _20\"> </span></span><span class=\"ls68 ws5d\">98,087<span class=\"_ _a3\"> </span></span></span><span class=\"lsdd ws3b\">1,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>2<span class=\"_ _5b\"> </span><span class=\"ff83 ls68 ws5d\">98,087<span class=\"_ _a3\"> </span></span>1,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>2<span class=\"_ _363\"> </span></span>\u2013 demographic assumptions<span class=\"_ _308\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _5f\"> </span></span><span class=\"lse4 wsdc\">(2<span class=\"_ _0\"></span>,910)<span class=\"_ _70\"> </span></span></span><span class=\"ls106 wsf9\">846<span class=\"_ _6c\"> </span><span class=\"ff83 lse4 wsdc\">(<span class=\"_ _0\"></span>2,<span class=\"_ _0\"></span>910)<span class=\"_ _70\"> </span></span>846<span class=\"_ _363\"> </span></span>Retur<span class=\"_ _0\"></span>n on pl<span class=\"_ _0\"></span>an asse<span class=\"_ _0\"></span>ts excludi<span class=\"_ _0\"></span>ng interes<span class=\"_ _0\"></span>t inco<span class=\"_ _0\"></span>me<span class=\"_ _c2\"> </span><span class=\"ff83 ls146 ws155\">(<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>8<span class=\"_ _34\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _5b\"> </span></span><span class=\"lsdd ws3b\">10<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>17<span class=\"_ _79\"> </span></span><span class=\"ff83 ls2\">\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _21\"> </span></span><span class=\"ls146 ws155\">(<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>7,<span class=\"_ _34\"></span>8<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)<span class=\"_ _20\"> </span></span></span><span class=\"lsdd ws3b\">10<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>17<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _30c\"> </span><span class=\"ff83 ls8b ws7c\">5,86<span class=\"_ _0\"></span>3<span class=\"_ _141\"> </span></span><span class=\"ls69 ws91\">(8<span class=\"_ _0\"></span>,6<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>3)<span class=\"_ _20\"> </span><span class=\"ff83 ls8b ws7c\">(5,878)<span class=\"_ _6c\"> </span></span><span class=\"ls13 ws22\">9,65<span class=\"_ _0\"></span>3<span class=\"_ _123\"> </span><span class=\"ff83 ls89 wsd0\">(<span class=\"_ _0\"></span>15<span class=\"_ _3\"></span>)<span class=\"_ _d0\"> </span></span><span class=\"ls6e ws10\">960<span class=\"_ _363\"> </span></span></span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r<span class=\"_ _30d\"> </span><span class=\"ls134 ws145\">19<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _34\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>8<span class=\"_ _2c\"> </span><span class=\"ff84 ls144 ws152\">2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _44\"> </span></span><span class=\"lse4 wsdc\">(2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>,78<span class=\"_ _0\"></span>2)<span class=\"_ _44\"> </span><span class=\"ff84 ls132 ws146\">(2<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,17<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _c2\"> </span></span><span class=\"ls31 ws27\">(<span class=\"_ _0\"></span>10<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _11f\"> </span><span class=\"ff84 ls14 wsb9\">(1<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>471<span class=\"_ _4\"></span>)<span class=\"_ _363\"> </span></span></span></span></span>Related d<span class=\"_ _0\"></span>efer<span class=\"_ _0\"></span>red ta<span class=\"_ _0\"></span>x asse<span class=\"_ _0\"></span>t (net)<span class=\"_ _196\"> </span><span class=\"ff83 lsa2 ws97\">3,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>01<span class=\"_ _60\"> </span></span><span class=\"lsdd ws3b\">1,<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _363\"> </span></span>Net pension liabil<span class=\"_ _2\"></span>it<span class=\"_ _0\"></span>y<span class=\"_ _17c\"> </span><span class=\"ls146 ws155\">(<span class=\"_ _34\"></span>7,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>8<span class=\"_ _34\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _c4\"> </span><span class=\"ff84 lsa2 ws97\">(9,<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>35<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span>(<span class=\"_ _2\"></span>Credit<span class=\"_ _2\"></span>)/<span class=\"_ _2\"></span>Expense Recognised in<span class=\"_ _2\"></span> Income Statement<span class=\"_ _363\"> </span>2022 \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Cur<span class=\"_ _0\"></span>rent se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vic<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t<span class=\"_ _30e\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>2<span class=\"_ _a3\"> </span></span><span class=\"ls47 ws3d\">2,<span class=\"_ _0\"></span>359<span class=\"_ _363\"> </span></span>Cur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ailme<span class=\"_ _0\"></span>nt gain \u2013 no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>ing <span class=\"_ _20e\"> </span><span class=\"ff83 ls103 wsf8\">(3<span class=\"_ _0\"></span>,6<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0)<span class=\"_ _8b\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _363\"> </span></span>Ot<span class=\"_ _0\"></span>her l<span class=\"_ _0\"></span>ong ter<span class=\"_ _0\"></span>m be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it (credi<span class=\"_ _0\"></span>t)/<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nse<span class=\"_ _a5\"> </span><span class=\"ff83 ls35 ws2b\">(9)<span class=\"_ _18\"> </span></span><span class=\"ls3f ws36\">191<span class=\"_ _363\"> </span></span>Administration<span class=\"_ _4\"></span> costs<span class=\"_ _1a8\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _11d\"> </span></span><span class=\"ls36\">3<span class=\"_ _0\"></span>82<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>otal op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ng (credit)/charge<span class=\"_ _190\"> </span><span class=\"ff83 ls22 ws66\">(<span class=\"_ _0\"></span>1,7<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>)<span class=\"_ _141\"> </span></span><span class=\"lsa7 ws9c\">2,9<span class=\"_ _0\"></span>32<span class=\"_ _363\"> </span></span>Net f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>osts o<span class=\"_ _0\"></span>n pensi<span class=\"_ _0\"></span>on sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns<span class=\"_ _1da\"> </span><span class=\"ff83 ls31 ws27\">10<span class=\"_ _0\"></span>8<span class=\"_ _fa\"> </span></span><span class=\"ls2c ws14\">383<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ot<span class=\"_ _0\"></span>al (cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t)/expe<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>e re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d in i<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e st<span class=\"_ _0\"></span>ate<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _30f\"> </span><span class=\"ls22 ws66\">(<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _131\"> </span><span class=\"ff84 ls19 ws13\">3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>15<span class=\"_ _363\"> </span></span></span>A non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g cur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ailme<span class=\"_ _0\"></span>nt gain of \u00a33<span class=\"_ _0\"></span>.<span class=\"_ _4\"></span>7 million a<span class=\"_ _0\"></span>rose o<span class=\"_ _0\"></span>n closu<span class=\"_ _0\"></span>re to future a<span class=\"_ _0\"></span>ccr<span class=\"_ _0\"></span>ual of a de<span class=\"_ _0\"></span>fin<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it p<span class=\"_ _0\"></span>ensio<span class=\"_ _0\"></span>n sch<span class=\"_ _0\"></span>eme in Ire<span class=\"_ _0\"></span>land<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>30. <span class=\"_ _38\"> </span>Pension Commitments<span class=\"ff85 ls9d ws54\"> continue<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>(<span class=\"_ _2\"></span>Credit<span class=\"_ _2\"></span>) Recognised in<span class=\"_ _4\"></span> Exceptional Items<span class=\"_ _2\"></span> in 2021 \u2013 discontinued<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Past se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce (credi<span class=\"_ _0\"></span>t)/<span class=\"_ _2\"></span>c<span class=\"_ _0\"></span>ost<span class=\"_ _225\"> </span><span class=\"ls12a wsab\">(<span class=\"_ _4\"></span>2,500<span class=\"_ _2\"></span>)<span class=\"_ _363\"> </span></span>Administration<span class=\"_ _4\"></span> costs (<span class=\"_ _2\"></span>non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>recurring)<span class=\"_ _310\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ot<span class=\"_ _0\"></span>al (cre<span class=\"_ _0\"></span>di<span class=\"_ _0\"></span>t) rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d in e<span class=\"_ _0\"></span>xce<span class=\"_ _0\"></span>pti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al i<span class=\"_ _0\"></span>tem<span class=\"_ _0\"></span>s in 20<span class=\"_ _0\"></span>21<span class=\"_ _176\"> </span><span class=\"ff84 ls12a wsab\">(2,500<span class=\"_ _2\"></span>)<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e Group re<span class=\"_ _0\"></span>taine<span class=\"_ _0\"></span>d resp<span class=\"_ _0\"></span>onsib<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y for th<span class=\"_ _0\"></span>e UK def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>me foll<span class=\"_ _0\"></span>owing th<span class=\"_ _0\"></span>e dives<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt of the tr<span class=\"_ _0\"></span>aditi<span class=\"_ _0\"></span>onal m<span class=\"_ _0\"></span>erch<span class=\"_ _0\"></span>anting b<span class=\"_ _0\"></span>usine<span class=\"_ _0\"></span>ss in<span class=\"_ _363\"> </span>Great Br<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>ain. T<span class=\"_ _0\"></span>his sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e was clos<span class=\"_ _0\"></span>ed to fut<span class=\"_ _0\"></span>ure acc<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>al at the e<span class=\"_ _0\"></span>nd of 202<span class=\"_ _0\"></span>0 when a<span class=\"_ _0\"></span>ltern<span class=\"_ _0\"></span>ative ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ents were p<span class=\"_ _0\"></span>ut in pl<span class=\"_ _0\"></span>ace. T<span class=\"_ _0\"></span>his in<span class=\"_ _0\"></span>crease<span class=\"_ _0\"></span>d the<span class=\"_ _0\"></span> sche<span class=\"_ _0\"></span>me lia<span class=\"_ _0\"></span>biliti<span class=\"_ _0\"></span>es by \u00a3<span class=\"_ _0\"></span>2.5 milli<span class=\"_ _0\"></span>on as 8<span class=\"_ _0\"></span>9 mem<span class=\"_ _0\"></span>ber<span class=\"_ _0\"></span>s who were p<span class=\"_ _0\"></span>revi<span class=\"_ _0\"></span>ously a<span class=\"_ _0\"></span>ctive b<span class=\"_ _0\"></span>ut not re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivin<span class=\"_ _0\"></span>g incre<span class=\"_ _0\"></span>ases to pe<span class=\"_ _0\"></span>nsion<span class=\"_ _0\"></span>able s<span class=\"_ _0\"></span>alar<span class=\"_ _0\"></span>y will n<span class=\"_ _0\"></span>ow rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span> defer<span class=\"_ _0\"></span>red rev<span class=\"_ _0\"></span>aluati<span class=\"_ _0\"></span>ons. A<span class=\"_ _0\"></span>s par<span class=\"_ _3\"></span>t of the clo<span class=\"_ _0\"></span>sure pro<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>s, on<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>f co<span class=\"_ _0\"></span>sts of \u00a30.6 milli<span class=\"_ _0\"></span>on were in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>red an<span class=\"_ _0\"></span>d a fur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her \u00a35<span class=\"_ _0\"></span>.0 millio<span class=\"_ _0\"></span>n incre<span class=\"_ _0\"></span>ase in liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y was<span class=\"_ _363\"> </span>rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in exc<span class=\"_ _0\"></span>epti<span class=\"_ _0\"></span>onal ite<span class=\"_ _0\"></span>ms. T<span class=\"_ _0\"></span>hese a<span class=\"_ _0\"></span>ll related to th<span class=\"_ _0\"></span>e tradi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal me<span class=\"_ _0\"></span>rchant<span class=\"_ _0\"></span>ing busi<span class=\"_ _0\"></span>ness in G<span class=\"_ _0\"></span>reat Br<span class=\"_ _0\"></span>itai<span class=\"_ _0\"></span>n whic<span class=\"_ _0\"></span>h was dispos<span class=\"_ _0\"></span>ed in 2<span class=\"_ _0\"></span>021<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> Dur<span class=\"_ _0\"></span>ing 20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>, t<span class=\"_ _0\"></span>his incre<span class=\"_ _0\"></span>ase in lia<span class=\"_ _0\"></span>bilit<span class=\"_ _0\"></span>y was red<span class=\"_ _0\"></span>uce<span class=\"_ _0\"></span>d to \u00a32<span class=\"_ _0\"></span>.5 millio<span class=\"_ _0\"></span>n followin<span class=\"_ _0\"></span>g an exercis<span class=\"_ _0\"></span>e und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ken by the G<span class=\"_ _0\"></span>roup to co<span class=\"_ _0\"></span>ntrac<span class=\"_ _0\"></span>tuall<span class=\"_ _0\"></span>y set<span class=\"_ _0\"></span>tle a<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>dispu<span class=\"_ _0\"></span>ted be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it wit<span class=\"_ _0\"></span>h impa<span class=\"_ _0\"></span>cted me<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>rs of the s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me. C<span class=\"_ _0\"></span>onse<span class=\"_ _0\"></span>que<span class=\"_ _0\"></span>ntly, a credi<span class=\"_ _0\"></span>t of \u00a32<span class=\"_ _0\"></span>.5 million h<span class=\"_ _0\"></span>as be<span class=\"_ _0\"></span>en re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nised i<span class=\"_ _0\"></span>n except<span class=\"_ _0\"></span>ional i<span class=\"_ _0\"></span>tems of<span class=\"_ _363\"> </span>disco<span class=\"_ _0\"></span>ntinu<span class=\"_ _0\"></span>ed op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ions (<span class=\"_ _0\"></span>Note 27<span class=\"_ _0\"></span>) and a ch<span class=\"_ _0\"></span>arge of \u00a31<span class=\"_ _2\"></span>.<span class=\"_ _2\"></span>1 milli<span class=\"_ _0\"></span>on was re<span class=\"_ _0\"></span>cog<span class=\"_ _0\"></span>nised i<span class=\"_ _0\"></span>n the gro<span class=\"_ _0\"></span>ss prof<span class=\"_ _0\"></span>it on di<span class=\"_ _0\"></span>spos<span class=\"_ _0\"></span>al of the tr<span class=\"_ _0\"></span>aditi<span class=\"_ _0\"></span>onal m<span class=\"_ _0\"></span>erch<span class=\"_ _0\"></span>anting<span class=\"_ _0\"></span> busine<span class=\"_ _0\"></span>ss in Gre<span class=\"_ _0\"></span>at Bri<span class=\"_ _0\"></span>tain<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Recognised Directly in<span class=\"_ _2\"></span> O<span class=\"_ _0\"></span>ther Comprehensiv<span class=\"_ _2\"></span>e Income<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Reme<span class=\"_ _0\"></span>asurem<span class=\"_ _0\"></span>ent (<span class=\"_ _0\"></span>los<span class=\"_ _0\"></span>s)/<span class=\"_ _2\"></span>gain o<span class=\"_ _0\"></span>n pensi<span class=\"_ _0\"></span>ons<span class=\"_ _25f\"> </span><span class=\"ff83 ls8b ws7c\">(5,040)<span class=\"_ _11f\"> </span></span><span class=\"lse8 wsde\">14<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>6<span class=\"_ _363\"> </span></span>Defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax o<span class=\"_ _0\"></span>n pens<span class=\"_ _0\"></span>ions<span class=\"_ _1fe\"> </span><span class=\"ff83 ls78 ws6b\">2,558<span class=\"_ _1b\"> </span></span><span class=\"ls89 wsd0\">(<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>12<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>(2<span class=\"_ _0\"></span>,4<span class=\"_ _3\"></span>82)<span class=\"_ _5b\"> </span><span class=\"ff84 lsdf wsd6\">11<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>74<span class=\"_ _363\"> </span></span>Actuarial<span class=\"_ _2\"></span> Valuations \u2013<span class=\"_ _4\"></span> Funding R<span class=\"_ _4\"></span>equirements<span class=\"_ _363\"> </span>Whe<span class=\"_ _0\"></span>re a sch<span class=\"_ _0\"></span>eme is o<span class=\"_ _0\"></span>pen to f<span class=\"_ _0\"></span>uture a<span class=\"_ _0\"></span>ccr<span class=\"_ _0\"></span>ual<span class=\"_ _0\"></span>, empl<span class=\"_ _0\"></span>oyee<span class=\"_ _0\"></span>s pay cont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>utio<span class=\"_ _0\"></span>ns equ<span class=\"_ _0\"></span>al to a perc<span class=\"_ _0\"></span>enta<span class=\"_ _0\"></span>ge of pe<span class=\"_ _0\"></span>nsiona<span class=\"_ _0\"></span>ble sa<span class=\"_ _0\"></span>lar<span class=\"_ _0\"></span>y. The pe<span class=\"_ _0\"></span>rce<span class=\"_ _0\"></span>ntag<span class=\"_ _0\"></span>e payable<span class=\"_ _0\"></span> vari<span class=\"_ _0\"></span>es by sch<span class=\"_ _0\"></span>eme. T<span class=\"_ _2\"></span>r<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>nial ac<span class=\"_ _0\"></span>tuari<span class=\"_ _0\"></span>al valuati<span class=\"_ _0\"></span>ons are c<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>d out to de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine th<span class=\"_ _0\"></span>e group<span class=\"_ _0\"></span>\u2019s contr<span class=\"_ _0\"></span>ibut<span class=\"_ _0\"></span>ion r<span class=\"_ _0\"></span>ate require<span class=\"_ _0\"></span>d und<span class=\"_ _0\"></span>er th<span class=\"_ _0\"></span>e sche<span class=\"_ _0\"></span>mes<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>In Irelan<span class=\"_ _0\"></span>d, th<span class=\"_ _0\"></span>e DB sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es are ass<span class=\"_ _0\"></span>esse<span class=\"_ _0\"></span>d agains<span class=\"_ _0\"></span>t the Fun<span class=\"_ _0\"></span>ding S<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ndard (th<span class=\"_ _0\"></span>e statu<span class=\"_ _0\"></span>tor<span class=\"_ _0\"></span>y min<span class=\"_ _0\"></span>imum f<span class=\"_ _0\"></span>unding r<span class=\"_ _0\"></span>equire<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt). All Irish D<span class=\"_ _0\"></span>B sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s are in<span class=\"_ _363\"> </span>fund<span class=\"_ _0\"></span>ing pro<span class=\"_ _0\"></span>posa<span class=\"_ _0\"></span>ls, agre<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>d in 201<span class=\"_ _2\"></span>3, to ad<span class=\"_ _0\"></span>dress t<span class=\"_ _0\"></span>he Fundin<span class=\"_ _0\"></span>g S<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>ard def<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>its th<span class=\"_ _0\"></span>at existe<span class=\"_ _0\"></span>d at that tim<span class=\"_ _0\"></span>e by the e<span class=\"_ _0\"></span>nd of 202<span class=\"_ _0\"></span>3. T<span class=\"_ _0\"></span>he fu<span class=\"_ _0\"></span>nding p<span class=\"_ _0\"></span>ropo<span class=\"_ _0\"></span>sals<span class=\"_ _363\"> </span>were agre<span class=\"_ _0\"></span>ed b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n the Gro<span class=\"_ _0\"></span>up and t<span class=\"_ _0\"></span>he tr<span class=\"_ _0\"></span>uste<span class=\"_ _0\"></span>es of each s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me.<span class=\"_ _363\"> </span>An Ir<span class=\"_ _0\"></span>ish def<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>ed be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>me was cl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to futur<span class=\"_ _0\"></span>e accr<span class=\"_ _0\"></span>ual o<span class=\"_ _0\"></span>n 30 Nove<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22 wh<span class=\"_ _0\"></span>en alte<span class=\"_ _0\"></span>rnat<span class=\"_ _0\"></span>ive arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nts were pu<span class=\"_ _0\"></span>t in plac<span class=\"_ _0\"></span>e for<span class=\"_ _363\"> </span>35<span class=\"_ _0\"></span>0 coll<span class=\"_ _0\"></span>eagu<span class=\"_ _0\"></span>es. A<span class=\"_ _0\"></span>s at 31 De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, two Ir<span class=\"_ _0\"></span>ish DB sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>es rem<span class=\"_ _0\"></span>aine<span class=\"_ _0\"></span>d ope<span class=\"_ _0\"></span>n to accr<span class=\"_ _0\"></span>ual<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e por<span class=\"_ _3\"></span>tion of co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ibut<span class=\"_ _0\"></span>ions du<span class=\"_ _0\"></span>e for 20<span class=\"_ _0\"></span>23<span class=\"_ _0\"></span>, which r<span class=\"_ _0\"></span>elate to def<span class=\"_ _0\"></span>icit f<span class=\"_ _0\"></span>undi<span class=\"_ _0\"></span>ng in th<span class=\"_ _0\"></span>e Irish S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>s, is \u00a3<span class=\"_ _0\"></span>2.6 milli<span class=\"_ _0\"></span>on. A<span class=\"_ _0\"></span>n ann<span class=\"_ _0\"></span>ual asse<span class=\"_ _0\"></span>ssme<span class=\"_ _0\"></span>nt is car<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ed ou<span class=\"_ _0\"></span>t<span class=\"_ _363\"> </span>each ye<span class=\"_ _0\"></span>ar to conf<span class=\"_ _0\"></span>ir<span class=\"_ _0\"></span>m the f<span class=\"_ _0\"></span>undin<span class=\"_ _0\"></span>g prop<span class=\"_ _0\"></span>osals re<span class=\"_ _0\"></span>main on<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>tra<span class=\"_ _0\"></span>ck to achi<span class=\"_ _0\"></span>eve the<span class=\"_ _0\"></span>ir fun<span class=\"_ _0\"></span>ding ta<span class=\"_ _0\"></span>rgets<span class=\"_ _0\"></span>. If a fu<span class=\"_ _0\"></span>nding pr<span class=\"_ _0\"></span>opos<span class=\"_ _0\"></span>al is ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as bei<span class=\"_ _0\"></span>ng of<span class=\"_ _0\"></span>f-tr<span class=\"_ _0\"></span>ack<span class=\"_ _0\"></span>,<span class=\"_ _363\"> </span>highe<span class=\"_ _0\"></span>r co<span class=\"_ _0\"></span>ntri<span class=\"_ _0\"></span>buti<span class=\"_ _0\"></span>ons may b<span class=\"_ _0\"></span>e require<span class=\"_ _0\"></span>d to fund t<span class=\"_ _0\"></span>he de<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>cits<span class=\"_ _0\"></span>. Valuation<span class=\"_ _0\"></span>s as at 1 Januar<span class=\"_ _3\"></span>y 202<span class=\"_ _0\"></span>2 were c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>leted a<span class=\"_ _0\"></span>nd all fun<span class=\"_ _0\"></span>ding pro<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>als were c<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span>as on<span class=\"_ _0\"></span>-t<span class=\"_ _0\"></span>rack<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he ne<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>t tri<span class=\"_ _0\"></span>enni<span class=\"_ _0\"></span>al valuati<span class=\"_ _0\"></span>ons for t<span class=\"_ _0\"></span>he Iris<span class=\"_ _0\"></span>h sch<span class=\"_ _0\"></span>emes a<span class=\"_ _0\"></span>re due o<span class=\"_ _0\"></span>n 1<span class=\"_ _2\"></span>st Jan<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>025.<span class=\"_ _0\"></span> In the U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>, the D<span class=\"_ _0\"></span>B sche<span class=\"_ _0\"></span>mes a<span class=\"_ _0\"></span>re subje<span class=\"_ _0\"></span>ct to the S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atutor<span class=\"_ _3\"></span>y Funding O<span class=\"_ _0\"></span>bje<span class=\"_ _0\"></span>ctive u<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>r the Pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>ns Act 20<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4. Valuat<span class=\"_ _0\"></span>ions of th<span class=\"_ _0\"></span>e DB S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>mes a<span class=\"_ _0\"></span>re car<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span>out at l<span class=\"_ _0\"></span>east on<span class=\"_ _0\"></span>ce eve<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y th<span class=\"_ _0\"></span>ree yea<span class=\"_ _0\"></span>rs to deter<span class=\"_ _0\"></span>min<span class=\"_ _0\"></span>e whet<span class=\"_ _0\"></span>her o<span class=\"_ _0\"></span>r not th<span class=\"_ _0\"></span>e S<span class=\"_ _0\"></span>tatutor<span class=\"_ _3\"></span>y Funding O<span class=\"_ _0\"></span>bje<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ves are me<span class=\"_ _0\"></span>t. A<span class=\"_ _0\"></span>s par<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e pro<span class=\"_ _0\"></span>cess<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e Group m<span class=\"_ _0\"></span>ust<span class=\"_ _363\"> </span>agre<span class=\"_ _0\"></span>e with t<span class=\"_ _0\"></span>he T<span class=\"_ _2\"></span>rus<span class=\"_ _0\"></span>tees of th<span class=\"_ _0\"></span>e DB S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>mes t<span class=\"_ _0\"></span>he co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ibut<span class=\"_ _0\"></span>ions to be p<span class=\"_ _0\"></span>aid to addre<span class=\"_ _0\"></span>ss any sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>falls agains<span class=\"_ _0\"></span>t the S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atutor<span class=\"_ _3\"></span>y Funding O<span class=\"_ _0\"></span>bje<span class=\"_ _0\"></span>ctive<span class=\"_ _0\"></span>s and<span class=\"_ _363\"> </span>cont<span class=\"_ _0\"></span>rib<span class=\"_ _0\"></span>utio<span class=\"_ _0\"></span>ns to pay for fu<span class=\"_ _0\"></span>ture ac<span class=\"_ _0\"></span>cru<span class=\"_ _0\"></span>al of ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>ts. T<span class=\"_ _0\"></span>he ne<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>t valuati<span class=\"_ _0\"></span>on is du<span class=\"_ _0\"></span>e to be car<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ed ou<span class=\"_ _0\"></span>t for th<span class=\"_ _0\"></span>e UK sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e as at 31 De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>023<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>No ex<span class=\"_ _0\"></span>plici<span class=\"_ _0\"></span>t ex<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>nal co<span class=\"_ _0\"></span>ntrac<span class=\"_ _0\"></span>ts have be<span class=\"_ _0\"></span>en e<span class=\"_ _0\"></span>ntered into to provi<span class=\"_ _0\"></span>de liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y matchin<span class=\"_ _0\"></span>g such as l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>evi<span class=\"_ _0\"></span>ty swa<span class=\"_ _0\"></span>ps or ann<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y purc<span class=\"_ _0\"></span>hase.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>e cont<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted to be paid to th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p\u2019s def<span class=\"_ _0\"></span>ined b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t sche<span class=\"_ _0\"></span>mes in 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3 total approxi<span class=\"_ _0\"></span>mately \u00a34.<span class=\"_ _0\"></span>4 million<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>A<span class=\"_ _2\"></span>verage Duration and Scheme Compos<span class=\"_ _4\"></span>ition<span class=\"_ _363\"> </span>Ireland<span class=\"_ _311\"> </span><span class=\"lsa9 ws9e\">UK<span class=\"_ _363\"> </span></span>2022<span class=\"_ _74\"> </span><span class=\"ff84 lsd4 wscc\">2<span class=\"_ _0\"></span>021<span class=\"_ _74\"> </span></span>2022<span class=\"_ _74\"> </span><span class=\"ff84 lsd4 wscc\">20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span></span>Average du<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n of def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n (<span class=\"_ _0\"></span>years)<span class=\"_ _d2\"> </span><span class=\"ff83 lsdd ws3b\">16<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>0<span class=\"_ _a3\"> </span></span><span class=\"ls3f ws36\">19<span class=\"_ _0\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>0<span class=\"_ _6e\"> </span><span class=\"ff83\">14<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>0<span class=\"_ _a3\"> </span></span><span class=\"lsdd ws3b\">18<span class=\"_ _0\"></span>.<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _363\"> </span></span></span>Allocation of T<span class=\"_ _2\"></span>otal<span class=\"_ _2\"></span> Defined Benefit Obligation by P<span class=\"_ _2\"></span>ar<span class=\"_ _0\"></span>ticipant<span class=\"_ _363\"> </span>2022<span class=\"_ _74\"> </span><span class=\"ls11c ws116\">2021<span class=\"_ _363\"> </span></span>Active plan parti<span class=\"_ _0\"></span>cipants<span class=\"_ _2e2\"> </span><span class=\"ff83 ls13 ws22\">5%<span class=\"_ _c1\"> </span></span><span class=\"lsa2 ws97\">24%<span class=\"_ _363\"> </span></span>Defer<span class=\"_ _0\"></span>red p<span class=\"_ _0\"></span>lan par<span class=\"_ _3\"></span>tici<span class=\"_ _0\"></span>pants<span class=\"_ _2ab\"> </span><span class=\"ff83 ls2\">5<span class=\"_ _0\"></span>3%<span class=\"_ _18\"> </span></span><span class=\"ls36 wsf\">40%<span class=\"_ _363\"> </span></span>Retirees<span class=\"_ _2df\"> </span><span class=\"ff83 ls18 ws12\">42%<span class=\"_ _74\"> </span></span><span class=\"ls3e ws35\">36%<span class=\"_ _363\"> </span></span>10<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>%<span class=\"_ _a3\"> </span><span class=\"ff84 lsdd ws3b\">10<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>%<span class=\"_ _363\"> </span></span>31. <span class=\"_ _1f2\"> </span>Share Based Payments<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group\u2019s e<span class=\"_ _0\"></span>mploye<span class=\"_ _0\"></span>e share s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>mes are e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>ty s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>d share b<span class=\"_ _0\"></span>ased pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts as def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d in IFR<span class=\"_ _0\"></span>S 2 Sha<span class=\"_ _0\"></span>re Base<span class=\"_ _0\"></span>d Pay<span class=\"_ _0\"></span>ments<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e total share b<span class=\"_ _0\"></span>ased<span class=\"_ _0\"></span> paym<span class=\"_ _0\"></span>ents ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>e for th<span class=\"_ _0\"></span>e year cha<span class=\"_ _0\"></span>rge<span class=\"_ _0\"></span>d to the inc<span class=\"_ _0\"></span>ome s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent was \u00a34,71<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>00 (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a35,6<span class=\"_ _0\"></span>01<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>00<span class=\"_ _0\"></span>0), analy<span class=\"_ _0\"></span>sed as foll<span class=\"_ _0\"></span>ows:<span class=\"_ _363\"> </span>2022 \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>LT<span class=\"_ _3\"></span>I<span class=\"_ _0\"></span>P<span class=\"_ _267\"> </span><span class=\"ff83 ls89 wsd0\">4<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>12<span class=\"_ _112\"> </span></span><span class=\"ls19 ws13\">4<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>15<span class=\"_ _363\"> </span></span>UK S<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>Y<span class=\"_ _0\"></span>E Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e<span class=\"_ _310\"> </span><span class=\"ff83 ls97 ws88\">407<span class=\"_ _11d\"> </span></span><span class=\"ls36 wsf\">8<span class=\"_ _0\"></span>86<span class=\"_ _363\"> </span></span>4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>19<span class=\"_ _a3\"> </span><span class=\"ff84 ls5f ws5b\">5<span class=\"_ _0\"></span>,6<span class=\"_ _3\"></span>01<span class=\"_ _363\"> </span></span>Det<span class=\"_ _0\"></span>ails of the s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>mes o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ated by the G<span class=\"_ _0\"></span>roup are s<span class=\"_ _0\"></span>et out b<span class=\"_ _0\"></span>elow<span class=\"_ _0\"></span>:<span class=\"_ _363\"> </span>Lon<span class=\"_ _0\"></span>g T<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>rm I<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>ive Pla<span class=\"_ _0\"></span>n (<span class=\"_ _2\"></span>\u201c<span class=\"_ _0\"></span>L<span class=\"_ _2\"></span>TI<span class=\"_ _0\"></span>P<span class=\"_ _0\"></span>\u201d<span class=\"_ _4\"></span>)<span class=\"_ _363\"> </span>A Long T<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>rm Inc<span class=\"_ _0\"></span>enti<span class=\"_ _0\"></span>ve Plan (<span class=\"_ _0\"></span>\u201c<span class=\"_ _0\"></span>L<span class=\"_ _2\"></span>TIP<span class=\"_ _0\"></span>\u201d<span class=\"_ _3\"></span>) was introd<span class=\"_ _0\"></span>uce<span class=\"_ _0\"></span>d in 201<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>. D<span class=\"_ _0\"></span>etai<span class=\"_ _0\"></span>ls of the pla<span class=\"_ _0\"></span>n are set o<span class=\"_ _0\"></span>ut in th<span class=\"_ _0\"></span>e Rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e Remu<span class=\"_ _0\"></span>nerat<span class=\"_ _0\"></span>ion C<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>tee <span class=\"ls2\"> </span>on Di<span class=\"_ _0\"></span>recto<span class=\"_ _0\"></span>rs\u2019 Re<span class=\"_ _0\"></span>mune<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n on pa<span class=\"_ _0\"></span>ges 1<span class=\"_ _4\"></span>33 to 145. Awards over 70<span class=\"_ _0\"></span>6,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>05 Graf<span class=\"_ _0\"></span>ton U<span class=\"_ _0\"></span>nits were g<span class=\"_ _0\"></span>ranted u<span class=\"_ _0\"></span>nder t<span class=\"_ _0\"></span>he pla<span class=\"_ _0\"></span>n on 1 A<span class=\"_ _0\"></span>pril 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 <span class=\"ls2\"> </span>(2021<span class=\"_ _2\"></span>: 6<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>3,<span class=\"_ _0\"></span>69<span class=\"_ _0\"></span>4 on 17 May 2021<span class=\"_ _2\"></span>). Ad<span class=\"_ _0\"></span>ditio<span class=\"_ _0\"></span>nal awards over 3<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>,251 Graf<span class=\"_ _0\"></span>ton U<span class=\"_ _0\"></span>nits we<span class=\"_ _0\"></span>re granted o<span class=\"_ _0\"></span>n 29 N<span class=\"_ _0\"></span>ovemb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>22 to E<span class=\"_ _0\"></span>ric B<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>n on his a<span class=\"_ _0\"></span>ppo<span class=\"_ _0\"></span>intme<span class=\"_ _0\"></span>nt as CEO<span class=\"_ _4\"></span>. A summa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y of the awards g<span class=\"_ _0\"></span>ranted o<span class=\"_ _0\"></span>n 1 Ap<span class=\"_ _0\"></span>ril 20<span class=\"_ _0\"></span>22 a<span class=\"_ _0\"></span>nd 29 N<span class=\"_ _0\"></span>ovemb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 is set ou<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>low:<span class=\"_ _363\"> </span>Grant date<span class=\"_ _363\"> </span>L<span class=\"_ _2\"></span>TIP 2022 29 N<span class=\"_ _0\"></span>ov 20<span class=\"_ _0\"></span>22<span class=\"_ _363\"> </span>L<span class=\"_ _2\"></span>TIP 2022 1 Ap<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>il 20<span class=\"_ _0\"></span>22<span class=\"_ _363\"> </span>L<span class=\"_ _2\"></span>TIP 20<span class=\"_ _0\"></span>21 17 May 2021<span class=\"_ _363\"> </span>Shar<span class=\"_ _0\"></span>e pric<span class=\"_ _0\"></span>e at date of award<span class=\"_ _312\"> </span><span class=\"ff83 ls10 ws5e\">\u00a38<span class=\"_ _0\"></span>.06<span class=\"_ _181\"> </span><span class=\"lsf ws9b\">\u00a3<span class=\"_ _0\"></span>9.9<span class=\"_ _0\"></span>3<span class=\"_ _5d\"> </span></span></span><span class=\"ls89 wsd0\">\u00a3<span class=\"_ _0\"></span>12<span class=\"_ _3\"></span>.<span class=\"_ _3\"></span>01<span class=\"_ _363\"> </span></span>E<span class=\"_ _0\"></span>xerci<span class=\"_ _2\"></span>se price<span class=\"_ _313\"> </span><span class=\"ff83 ls8 ws161\">N<span class=\"_ _0\"></span>/A<span class=\"_ _fa\"> </span>N<span class=\"_ _0\"></span>/A<span class=\"_ _11\"> </span></span><span class=\"lse7 wsb8\">N<span class=\"_ _3\"></span>/A<span class=\"_ _363\"> </span></span>Numb<span class=\"_ _0\"></span>er of em<span class=\"_ _0\"></span>ploye<span class=\"_ _0\"></span>es<span class=\"_ _314\"> </span><span class=\"ff83 ls2\">1<span class=\"_ _fa\"> </span><span class=\"lse7 wsb8\">17<span class=\"_ _0\"></span>8<span class=\"_ _11\"> </span></span></span><span class=\"lsa2 ws97\">24<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span></span>Numb<span class=\"_ _0\"></span>er of share award<span class=\"_ _0\"></span>s<span class=\"_ _143\"> </span><span class=\"ff83 ls146 ws155\">3<span class=\"_ _0\"></span>7,<span class=\"_ _34\"></span>2<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>1<span class=\"_ _a1\"> </span><span class=\"ls97 ws88\">706,<span class=\"_ _0\"></span>305<span class=\"_ _96\"> </span></span></span><span class=\"ls8b ws7c\">6<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>3,69<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span>Vesti<span class=\"_ _4\"></span>ng period<span class=\"_ _315\"> </span><span class=\"ff83 ls6b ws45\">3 y<span class=\"_ _2\"></span>ears<span class=\"_ _64\"> </span>3 years<span class=\"_ _e9\"> </span><span class=\"ff84 ls0 ws0\">3 year<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span></span></span>E<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d volatili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _15a\"> </span><span class=\"ff83 ls13b ws148\">3<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>.1%<span class=\"_ _141\"> </span><span class=\"ls10 ws5e\">4<span class=\"_ _0\"></span>8.0<span class=\"_ _0\"></span>%<span class=\"_ _141\"> </span></span></span><span class=\"ls15 ws32\">5<span class=\"_ _0\"></span>0.0<span class=\"_ _0\"></span>%<span class=\"_ _363\"> </span></span>Award life<span class=\"_ _165\"> </span><span class=\"ff83 ls6b ws45\">3<span class=\"_ _2\"></span> years<span class=\"_ _64\"> </span>3 y<span class=\"_ _2\"></span>ears<span class=\"_ _20\"> </span><span class=\"ff84 ls0 ws0\">3 years<span class=\"_ _363\"> </span></span></span>Expe<span class=\"_ _0\"></span>cted l<span class=\"_ _2\"></span>ife<span class=\"_ _19b\"> </span><span class=\"ff83 ls6b ws45\">3 y<span class=\"_ _2\"></span>ears<span class=\"_ _64\"> </span>3 years<span class=\"_ _e9\"> </span><span class=\"ff84 ls0 ws0\">3 year<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span></span></span>Risk fre<span class=\"_ _0\"></span>e rate<span class=\"_ _115\"> </span><span class=\"ff83 ls13b ws148\">3<span class=\"_ _3\"></span>.19<span class=\"_ _3\"></span>%<span class=\"_ _131\"> </span><span class=\"ls3f ws36\">1.<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>%<span class=\"_ _6e\"> </span></span></span><span class=\"lsd6 wscf\">0<span class=\"_ _3\"></span>.1<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>%<span class=\"_ _363\"> </span></span>E<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d divi<span class=\"_ _0\"></span>dend<span class=\"_ _0\"></span>s expre<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>d as divi<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>d yie<span class=\"_ _0\"></span>ld<span class=\"_ _5c\"> </span><span class=\"ff83 ls10 ws5e\">4.0<span class=\"_ _0\"></span>2%<span class=\"_ _5f\"> </span><span class=\"ls47 ws3d\">2<span class=\"_ _0\"></span>.32%<span class=\"_ _181\"> </span></span></span><span class=\"ls134 ws145\">2<span class=\"_ _3\"></span>.<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>1%<span class=\"_ _363\"> </span></span>Valuation m<span class=\"_ _0\"></span>ode<span class=\"_ _0\"></span>l \u2013 EP<span class=\"_ _0\"></span>S<span class=\"_ _316\"> </span><span class=\"ff83 ls68 ws9a\">Black Scholes/<span class=\"_ _38\"> </span>Black Scholes/<span class=\"_ _52\"> </span></span><span class=\"lsc ws10\">Blac<span class=\"_ _0\"></span>k Scholes/<span class=\"_ _363\"> </span></span>Valuation m<span class=\"_ _0\"></span>ode<span class=\"_ _0\"></span>l \u2013 TS<span class=\"_ _0\"></span>R<span class=\"_ _14e\"> </span><span class=\"ff83 ls60 ws5c\">Monte-Carlo<span class=\"_ _88\"> </span>Monte-Carlo<span class=\"_ _ad\"> </span></span><span class=\"ls78 ws6b\">Mont<span class=\"_ _4\"></span>e<span class=\"_ _0\"></span>-Carlo<span class=\"_ _363\"> </span></span>Fair value of sh<span class=\"_ _0\"></span>are award \u2013 EP<span class=\"_ _0\"></span>S co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>nent<span class=\"_ _317\"> </span><span class=\"ff83 lsec wse3\">\u00a3<span class=\"_ _3\"></span>7.1<span class=\"_ _0\"></span>4<span class=\"_ _46\"> </span><span class=\"lsdb wsb1\">\u00a3<span class=\"_ _0\"></span>9.<span class=\"_ _0\"></span>26<span class=\"_ _126\"> </span></span></span><span class=\"lsdf wsd6\">\u00a3<span class=\"_ _3\"></span>11.<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _363\"> </span></span>Fair value of sh<span class=\"_ _0\"></span>are award \u2013 TS<span class=\"_ _0\"></span>R co<span class=\"_ _0\"></span>mpo<span class=\"_ _0\"></span>nent<span class=\"_ _318\"> </span><span class=\"ff83 ls33 ws29\">\u00a3<span class=\"_ _3\"></span>2<span class=\"_ _34\"></span>.11<span class=\"_ _46\"> </span><span class=\"lsb ws55\">\u00a3<span class=\"_ _0\"></span>4.6<span class=\"_ _0\"></span>5<span class=\"_ _6e\"> </span></span></span><span class=\"ls97 ws88\">\u00a38<span class=\"_ _0\"></span>.32<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e expe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d volatili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, refe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d to above, is bas<span class=\"_ _0\"></span>ed on vo<span class=\"_ _0\"></span>latili<span class=\"_ _0\"></span>ty ove<span class=\"_ _0\"></span>r the l<span class=\"_ _0\"></span>ast 3 year<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted life is eq<span class=\"_ _0\"></span>ual to the ve<span class=\"_ _0\"></span>sting p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>. The r<span class=\"_ _0\"></span>isk fre<span class=\"_ _0\"></span>e rate of retur<span class=\"_ _0\"></span>n is the y<span class=\"_ _0\"></span>ield o<span class=\"_ _0\"></span>n bon<span class=\"_ _0\"></span>ds fro<span class=\"_ _0\"></span>m the B<span class=\"_ _0\"></span>ank of En<span class=\"_ _0\"></span>gland fo<span class=\"_ _0\"></span>r a term c<span class=\"_ _0\"></span>onsistent w<span class=\"_ _0\"></span>ith t<span class=\"_ _0\"></span>he life of the award at t<span class=\"_ _0\"></span>he gra<span class=\"_ _0\"></span>nt date. Th<span class=\"_ _0\"></span>e fair value<span class=\"_ _0\"></span>s of share awards g<span class=\"_ _0\"></span>ranted un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>he 201<span class=\"_ _2\"></span>1 plan were d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d tak<span class=\"_ _0\"></span>ing ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt of pe<span class=\"_ _0\"></span>er grou<span class=\"_ _0\"></span>p total share re<span class=\"_ _0\"></span>turn vo<span class=\"_ _0\"></span>latili<span class=\"_ _0\"></span>ty tog<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>er wi<span class=\"_ _0\"></span>th the a<span class=\"_ _0\"></span>bove assumptions.<span class=\"_ _363\"> </span>A rec<span class=\"_ _0\"></span>onc<span class=\"_ _0\"></span>iliatio<span class=\"_ _0\"></span>n of all share awards gr<span class=\"_ _0\"></span>anted un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>he L<span class=\"_ _2\"></span>T<span class=\"_ _0\"></span>IP is as follows: 2022 Number<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 Number<span class=\"_ _363\"> </span>Ou<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g at 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>y<span class=\"_ _c9\"> </span><span class=\"ls134 ws145\">2<span class=\"_ _0\"></span>,13<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>4<span class=\"_ _9d\"> </span><span class=\"ff84 lsdd ws3b\">1,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>6<span class=\"_ _363\"> </span></span></span>Grante<span class=\"_ _0\"></span>d in year<span class=\"_ _282\"> </span><span class=\"ff83 lsc2 ws168\">74<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>6<span class=\"_ _db\"> </span></span><span class=\"ls8b ws7c\">68<span class=\"_ _0\"></span>3,69<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span>Forfeit<span class=\"_ _2\"></span>ed#<span class=\"_ _319\"> </span><span class=\"ff83 lse4 wsdc\">(5<span class=\"_ _0\"></span>62<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2)<span class=\"_ _b4\"> </span></span><span class=\"ls69 ws91\">(3<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>73)<span class=\"_ _363\"> </span></span>E<span class=\"_ _0\"></span>xpire<span class=\"_ _0\"></span>d unveste<span class=\"_ _0\"></span>d<span class=\"_ _168\"> </span><span class=\"ff83 ls144 ws152\">(6<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _96\"> </span></span><span class=\"ls34 ws2a\">(5<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>8)<span class=\"_ _363\"> </span></span>E<span class=\"_ _0\"></span>xe<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d<span class=\"_ _2dc\"> </span><span class=\"ff83 ls97 ws88\">(79<span class=\"_ _0\"></span>6,902)<span class=\"_ _a1\"> </span></span><span class=\"lse4 wsdc\">(8<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>75<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>Outstanding at 3<span class=\"_ _2\"></span>1 December<span class=\"_ _20e\"> </span><span class=\"ls6e ws10\">1<span class=\"_ _2\"></span>,454,899<span class=\"_ _9d\"> </span><span class=\"ff84 ls132 ws146\">2<span class=\"_ _3\"></span>,13<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,<span class=\"_ _34\"></span>3<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span></span></span>#  <span class=\"_ _36\"> </span>S<span class=\"_ _0\"></span>har<span class=\"_ _0\"></span>e ent<span class=\"_ _0\"></span>itl<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s for<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d by em<span class=\"_ _0\"></span>ploy<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>s who h<span class=\"_ _0\"></span>ave le<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>t the G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p an<span class=\"_ _0\"></span>d have no f<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r ent<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s und<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>he s<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>. Sh<span class=\"_ _0\"></span>are awar<span class=\"_ _0\"></span>ds tota<span class=\"_ _0\"></span>llin<span class=\"_ _0\"></span>g 39<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>,2<span class=\"_ _0\"></span>82 w<span class=\"_ _0\"></span>ere fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fei<span class=\"_ _0\"></span>ted by Ga<span class=\"_ _0\"></span>vin Sla<span class=\"_ _0\"></span>rk o<span class=\"_ _0\"></span>n his re<span class=\"_ _0\"></span>sig<span class=\"_ _0\"></span>nat<span class=\"_ _0\"></span>ion a<span class=\"_ _0\"></span>s CEO<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>At 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 and 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>21 none of th<span class=\"_ _0\"></span>e L<span class=\"_ _2\"></span>TIP<span class=\"_ _0\"></span>s were exerc<span class=\"_ _0\"></span>isabl<span class=\"_ _0\"></span>e as the c<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>ns for exerc<span class=\"_ _0\"></span>ise were n<span class=\"_ _0\"></span>ot fulf<span class=\"_ _0\"></span>ille<span class=\"_ _0\"></span>d before t<span class=\"_ _0\"></span>he year-<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>d.<span class=\"_ _363\"> </span>31. <span class=\"_ _1f2\"> </span>Share Based Payments<span class=\"ff85 ls9d ws54\"> continue<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>UK SA<span class=\"_ _2\"></span>YE<span class=\"_ _2\"></span> Scheme<span class=\"_ _363\"> </span>Opti<span class=\"_ _0\"></span>ons over 7<span class=\"_ _0\"></span>27<span class=\"_ _2\"></span>,24<span class=\"_ _0\"></span>8 (2021<span class=\"_ _2\"></span>: 1,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>69<span class=\"_ _0\"></span>,931<span class=\"_ _2\"></span>) G<span class=\"_ _0\"></span>raf<span class=\"_ _0\"></span>ton Uni<span class=\"_ _0\"></span>ts were ou<span class=\"_ _0\"></span>tst<span class=\"_ _0\"></span>anding at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2, p<span class=\"_ _0\"></span>ursua<span class=\"_ _0\"></span>nt to the 20<span class=\"_ _0\"></span>22 a<span class=\"_ _0\"></span>nd the e<span class=\"_ _0\"></span>xisti<span class=\"_ _0\"></span>ng 20<span class=\"_ _0\"></span>20 and 201<span class=\"_ _4\"></span>9<span class=\"_ _363\"> </span>thre<span class=\"_ _0\"></span>e year s<span class=\"_ _0\"></span>aving c<span class=\"_ _0\"></span>ontra<span class=\"_ _0\"></span>cts un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>he Graf<span class=\"_ _0\"></span>ton G<span class=\"_ _0\"></span>roup (<span class=\"_ _0\"></span>UK<span class=\"_ _0\"></span>) plc 2<span class=\"_ _0\"></span>01<span class=\"_ _2\"></span>1 Approve<span class=\"_ _0\"></span>d S<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>YE P<span class=\"_ _0\"></span>lan and t<span class=\"_ _0\"></span>he Graf<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span>n Group p<span class=\"_ _0\"></span>lc 20<span class=\"_ _0\"></span>21 SA<span class=\"_ _2\"></span>Y<span class=\"_ _0\"></span>E Pla<span class=\"_ _0\"></span>n at a pri<span class=\"_ _0\"></span>ce of<span class=\"_ _363\"> </span>\u00a37<span class=\"_ _2\"></span>.93, \u00a35<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>7<span class=\"_ _0\"></span>8 and \u00a36<span class=\"_ _0\"></span>.3<span class=\"_ _0\"></span>3 resp<span class=\"_ _0\"></span>ect<span class=\"_ _0\"></span>ivel<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>. T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se opti<span class=\"_ _0\"></span>ons are n<span class=\"_ _0\"></span>orm<span class=\"_ _0\"></span>ally exer<span class=\"_ _0\"></span>cisabl<span class=\"_ _0\"></span>e wit<span class=\"_ _0\"></span>hin a pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d of six mont<span class=\"_ _0\"></span>hs af<span class=\"_ _0\"></span>ter the t<span class=\"_ _0\"></span>hird ann<span class=\"_ _0\"></span>iver<span class=\"_ _0\"></span>sar<span class=\"_ _0\"></span>y of th<span class=\"_ _0\"></span>e saving<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>t, b<span class=\"_ _0\"></span>eing Ju<span class=\"_ _0\"></span>ne 20<span class=\"_ _0\"></span>25 for the 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 S<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>Y<span class=\"_ _0\"></span>E sche<span class=\"_ _0\"></span>me, D<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>023 fo<span class=\"_ _0\"></span>r the 2<span class=\"_ _0\"></span>020 S<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>Y<span class=\"_ _0\"></span>E sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e and D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>22 fo<span class=\"_ _0\"></span>r the 201<span class=\"_ _2\"></span>9 S<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>Y<span class=\"_ _0\"></span>E sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e numb<span class=\"_ _0\"></span>er of Graf<span class=\"_ _0\"></span>ton U<span class=\"_ _0\"></span>nits iss<span class=\"_ _0\"></span>ued d<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g the yea<span class=\"_ _0\"></span>r unde<span class=\"_ _0\"></span>r the 2<span class=\"_ _0\"></span>01<span class=\"_ _2\"></span>7 S<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>Y<span class=\"_ _0\"></span>E sche<span class=\"_ _0\"></span>me was Nil (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: 21<span class=\"_ _2\"></span>0,<span class=\"_ _2\"></span>181<span class=\"_ _2\"></span>) and the tota<span class=\"_ _0\"></span>l consi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span>amou<span class=\"_ _0\"></span>nted to \u00a3Nil (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a31<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>39<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0). Options for<span class=\"_ _3\"></span>feited in th<span class=\"_ _0\"></span>e year wer<span class=\"_ _0\"></span>e Nil (2021<span class=\"_ _2\"></span>: 51,503).<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e numb<span class=\"_ _0\"></span>er of Graf<span class=\"_ _0\"></span>ton U<span class=\"_ _0\"></span>nits iss<span class=\"_ _0\"></span>ued d<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g the yea<span class=\"_ _0\"></span>r unde<span class=\"_ _0\"></span>r the 2<span class=\"_ _0\"></span>01<span class=\"_ _2\"></span>8 S<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>Y<span class=\"_ _0\"></span>E Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e was 81<span class=\"_ _2\"></span>,6<span class=\"_ _0\"></span>67 (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: 242,0<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>8) and the total c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ation re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ived<span class=\"_ _0\"></span> amou<span class=\"_ _0\"></span>nted to \u00a35<span class=\"_ _0\"></span>41<span class=\"_ _2\"></span>,00<span class=\"_ _0\"></span>0 (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a31<span class=\"_ _2\"></span>,5<span class=\"_ _0\"></span>73<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>00). Opti<span class=\"_ _0\"></span>ons for<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ited in th<span class=\"_ _0\"></span>e year we<span class=\"_ _0\"></span>re 1<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>,5<span class=\"_ _0\"></span>97 (2021<span class=\"_ _2\"></span>: 2<span class=\"_ _0\"></span>8,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>87<span class=\"_ _0\"></span>).<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e numb<span class=\"_ _0\"></span>er of Graf<span class=\"_ _0\"></span>ton U<span class=\"_ _0\"></span>nits iss<span class=\"_ _0\"></span>ued d<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g the yea<span class=\"_ _0\"></span>r unde<span class=\"_ _0\"></span>r the 2<span class=\"_ _0\"></span>01<span class=\"_ _2\"></span>9 S<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>YE S<span class=\"_ _0\"></span>ch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e was 1<span class=\"_ _2\"></span>6<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>87 (2021<span class=\"_ _2\"></span>: 1,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>39) and th<span class=\"_ _0\"></span>e total co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span>amou<span class=\"_ _0\"></span>nted to \u00a31<span class=\"_ _2\"></span>,01<span class=\"_ _4\"></span>9,0<span class=\"_ _0\"></span>00 (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a37<span class=\"_ _2\"></span>,0<span class=\"_ _0\"></span>00). Opti<span class=\"_ _0\"></span>ons for<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ited in t<span class=\"_ _0\"></span>he year we<span class=\"_ _0\"></span>re 51<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>41 (2021<span class=\"_ _2\"></span>: 4<span class=\"_ _0\"></span>6,1<span class=\"_ _2\"></span>82).<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e numb<span class=\"_ _0\"></span>er of Graf<span class=\"_ _0\"></span>ton U<span class=\"_ _0\"></span>nits iss<span class=\"_ _0\"></span>ued d<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g the yea<span class=\"_ _0\"></span>r unde<span class=\"_ _0\"></span>r the 2<span class=\"_ _0\"></span>020 S<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>Y<span class=\"_ _0\"></span>E S<span class=\"_ _0\"></span>che<span class=\"_ _0\"></span>me was 1<span class=\"_ _4\"></span>6<span class=\"_ _0\"></span>8,<span class=\"_ _2\"></span>157 (2021<span class=\"_ _2\"></span>: Nil<span class=\"_ _0\"></span>) and t<span class=\"_ _0\"></span>he total co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span>amou<span class=\"_ _0\"></span>nted to \u00a39<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>8,<span class=\"_ _0\"></span>00<span class=\"_ _0\"></span>0 (2021<span class=\"_ _2\"></span>: \u00a3<span class=\"_ _0\"></span>Nil<span class=\"_ _0\"></span>). Optio<span class=\"_ _0\"></span>ns for<span class=\"_ _0\"></span>fei<span class=\"_ _0\"></span>ted in the y<span class=\"_ _0\"></span>ear were 2<span class=\"_ _0\"></span>86<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>8 (2021<span class=\"_ _2\"></span>: 9<span class=\"_ _0\"></span>3,6<span class=\"_ _0\"></span>56).<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e numb<span class=\"_ _0\"></span>er of Graf<span class=\"_ _0\"></span>ton U<span class=\"_ _0\"></span>nits iss<span class=\"_ _0\"></span>ued d<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g the yea<span class=\"_ _0\"></span>r unde<span class=\"_ _0\"></span>r the 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 S<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>Y<span class=\"_ _0\"></span>E Sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e was Nil and th<span class=\"_ _0\"></span>e total co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d amo<span class=\"_ _0\"></span>unted to \u00a3Nil<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Opti<span class=\"_ _0\"></span>ons for<span class=\"_ _0\"></span>fei<span class=\"_ _0\"></span>ted in th<span class=\"_ _0\"></span>e year were 41<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>047<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>A rec<span class=\"_ _0\"></span>onc<span class=\"_ _0\"></span>iliatio<span class=\"_ _0\"></span>n of optio<span class=\"_ _0\"></span>ns grante<span class=\"_ _0\"></span>d unde<span class=\"_ _0\"></span>r the 2<span class=\"_ _0\"></span>01<span class=\"_ _2\"></span>7 SAYE is as follows:<span class=\"_ _363\"> </span>Number<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Option price<span class=\"_ _363\"> </span>\u00a3<span class=\"_ _363\"> </span>Ou<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g at 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>y<span class=\"_ _31a\"> </span><span class=\"ff84 lsdd ws3b\">2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>8<span class=\"_ _34\"></span>4<span class=\"_ _74\"> </span><span class=\"lse9 wsdf\">6<span class=\"_ _3\"></span>.7<span class=\"_ _0\"></span>7<span class=\"_ _363\"> </span></span></span>Granted<span class=\"_ _31b\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _363\"> </span></span>Fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _31c\"> </span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _82\"> </span><span class=\"lse9 wsdf\">6.7<span class=\"_ _3\"></span>7<span class=\"_ _363\"> </span></span></span>E<span class=\"_ _0\"></span>xe<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d<span class=\"_ _2fd\"> </span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>10<span class=\"_ _0\"></span>,18<span class=\"_ _0\"></span>1)<span class=\"_ _82\"> </span><span class=\"lse9 wsdf\">6.7<span class=\"_ _3\"></span>7<span class=\"_ _363\"> </span></span></span>Outstanding at 3<span class=\"_ _2\"></span>1 December<span class=\"_ _fe\"> </span><span class=\"ff84 ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span>A rec<span class=\"_ _0\"></span>onc<span class=\"_ _0\"></span>iliatio<span class=\"_ _0\"></span>n of optio<span class=\"_ _0\"></span>ns grante<span class=\"_ _0\"></span>d unde<span class=\"_ _0\"></span>r the 2<span class=\"_ _0\"></span>01<span class=\"_ _2\"></span>8 SAYE is as follows:<span class=\"_ _363\"> </span>Number<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>Option price<span class=\"_ _363\"> </span>\u00a3<span class=\"_ _76\"> </span><span class=\"lsf6 ws11a\">Number</span> 20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Option price<span class=\"_ _363\"> </span>\u00a3<span class=\"_ _363\"> </span>Ou<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g at 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>y<span class=\"_ _7a\"> </span><span class=\"ls1a ws7d\">9<span class=\"_ _0\"></span>6,26<span class=\"_ _0\"></span>4<span class=\"_ _71\"> </span><span class=\"ls11 ws18\">6<span class=\"_ _0\"></span>.58<span class=\"_ _11f\"> </span><span class=\"ff84 ls143 ws151\">3<span class=\"_ _3\"></span>6<span class=\"_ _34\"></span>7,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>9<span class=\"_ _14c\"> </span><span class=\"ls0 ws77\">6.5<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span></span></span></span>Granted<span class=\"_ _31d\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _363\"> </span></span></span>Fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _27e\"> </span><span class=\"ff83 ls6c ws61\">(1<span class=\"_ _2\"></span>4,597)<span class=\"_ _a3\"> </span><span class=\"ls11 ws18\">6<span class=\"_ _0\"></span>.58<span class=\"_ _8c\"> </span><span class=\"ff84 lsf ws9b\">(28<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>87<span class=\"_ _0\"></span>)<span class=\"_ _ce\"> </span><span class=\"ls0 ws77\">6.5<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span></span></span></span>E<span class=\"_ _0\"></span>xe<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d<span class=\"_ _240\"> </span><span class=\"ff83 ls22 ws66\">(<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>)<span class=\"_ _a4\"> </span><span class=\"ls11 ws18\">6.5<span class=\"_ _0\"></span>8<span class=\"_ _1ed\"> </span></span></span><span class=\"ls34 ws2a\">(242<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>8)<span class=\"_ _ce\"> </span><span class=\"ls0 ws77\">6.5<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span></span>Outstanding at 3<span class=\"_ _2\"></span>1 December<span class=\"_ _1c2\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _af\"> </span><span class=\"ff84 ls18 ws12\">9<span class=\"_ _0\"></span>6,<span class=\"_ _0\"></span>26<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span></span>A rec<span class=\"_ _0\"></span>onc<span class=\"_ _0\"></span>iliatio<span class=\"_ _0\"></span>n of optio<span class=\"_ _0\"></span>ns grante<span class=\"_ _0\"></span>d unde<span class=\"_ _0\"></span>r the 2<span class=\"_ _0\"></span>01<span class=\"_ _2\"></span>9 SAYE is as follows:<span class=\"_ _363\"> </span>Number<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>Option price<span class=\"_ _363\"> </span>\u00a3<span class=\"_ _76\"> </span><span class=\"lsf6 ws11a\">Number</span> 20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Option price<span class=\"_ _363\"> </span>\u00a3<span class=\"_ _363\"> </span>Ou<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g at 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>y<span class=\"_ _1c6\"> </span><span class=\"ls18 ws12\">252,<span class=\"_ _0\"></span>869<span class=\"_ _71\"> </span><span class=\"ls97 ws88\">6.33<span class=\"_ _db\"> </span><span class=\"ff84 ls132 ws146\">3<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,19<span class=\"_ _3\"></span>0<span class=\"_ _74\"> </span><span class=\"ls68 ws5d\">6.33<span class=\"_ _363\"> </span></span></span></span></span>Granted<span class=\"_ _31d\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _363\"> </span></span></span>Fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _1b6\"> </span><span class=\"ff83 ls22 ws66\">(<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>41)<span class=\"_ _a4\"> </span><span class=\"ls97 ws88\">6.33<span class=\"_ _20\"> </span></span></span><span class=\"ls36 wsf\">(<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>6,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>82<span class=\"_ _4\"></span>)<span class=\"_ _112\"> </span><span class=\"ls68 ws5d\">6.33<span class=\"_ _363\"> </span></span></span>E<span class=\"_ _0\"></span>xe<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d<span class=\"_ _31e\"> </span><span class=\"ff83 ls15d ws1a\">(1<span class=\"_ _5\"></span>64,88<span class=\"_ _2\"></span>7)<span class=\"_ _a3\"> </span><span class=\"ls97 ws88\">6.33<span class=\"_ _6e\"> </span><span class=\"ff84 ls132 ws146\">(<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,13<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _31f\"> </span><span class=\"ls68 ws5d\">6.33<span class=\"_ _363\"> </span></span></span></span></span>Outstanding at 3<span class=\"_ _2\"></span>1 December<span class=\"_ _320\"> </span><span class=\"ls157 ws16b\">3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>41<span class=\"_ _2e\"> </span><span class=\"ff84 ls14 wsb9\">252,<span class=\"_ _0\"></span>86<span class=\"_ _0\"></span>9<span class=\"_ _363\"> </span></span></span>A rec<span class=\"_ _0\"></span>onc<span class=\"_ _0\"></span>iliatio<span class=\"_ _0\"></span>n of optio<span class=\"_ _0\"></span>ns grante<span class=\"_ _0\"></span>d unde<span class=\"_ _0\"></span>r the 2<span class=\"_ _0\"></span>020 S<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>Y<span class=\"_ _0\"></span>E is as follows:<span class=\"_ _363\"> </span>Number<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>Option price<span class=\"_ _363\"> </span>\u00a3<span class=\"_ _76\"> </span><span class=\"lsf6 ws11a\">Number<span class=\"_ _363\"> </span></span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Option price<span class=\"_ _363\"> </span>\u00a3<span class=\"_ _363\"> </span>Ou<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g at 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>y<span class=\"_ _321\"> </span><span class=\"ls155 ws169\">8<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>8<span class=\"_ _18\"> </span><span class=\"lseb wse2\">5<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>8<span class=\"_ _2c\"> </span><span class=\"ff84 lse8 wsde\">9<span class=\"_ _0\"></span>14<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>4<span class=\"_ _14c\"> </span><span class=\"lse9 wsdf\">5<span class=\"_ _3\"></span>.7<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span></span></span></span>Granted<span class=\"_ _31d\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _363\"> </span></span></span>Fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _191\"> </span><span class=\"ff83 ls68 ws5d\">(<span class=\"_ _2\"></span>286,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>28)<span class=\"_ _60\"> </span><span class=\"lseb wse2\">5<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>8<span class=\"_ _2cd\"> </span><span class=\"ff84 ls6b wsb\">(93,656<span class=\"_ _2\"></span>)<span class=\"_ _31f\"> </span><span class=\"lse9 wsdf\">5<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span></span></span></span>E<span class=\"_ _0\"></span>xe<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d<span class=\"_ _322\"> </span><span class=\"ff83 ls89 wsd0\">(<span class=\"_ _0\"></span>16<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,15<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>)<span class=\"_ _112\"> </span><span class=\"lseb wse2\">5<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>8<span class=\"_ _79\"> </span></span></span><span class=\"ls2 ws0\">\u2013<span class=\"_ _74\"> </span><span class=\"lse9 wsdf\">5<span class=\"_ _0\"></span>.7<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span></span>Outstanding at 3<span class=\"_ _2\"></span>1 December<span class=\"_ _157\"> </span><span class=\"lse0 wsd7\">3<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>13<span class=\"_ _323\"> </span><span class=\"ff84 ls1a ws7d\">820,798<span class=\"_ _363\"> </span></span></span>Th<span class=\"_ _0\"></span>ere were n<span class=\"_ _0\"></span>o SA<span class=\"_ _2\"></span>Y<span class=\"_ _0\"></span>E gr<span class=\"_ _0\"></span>ants in 20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>31. <span class=\"_ _1f2\"> </span>Share Based Payments<span class=\"ff85 ls9d ws54\"> continue<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>UK SA<span class=\"_ _2\"></span>YE<span class=\"_ _2\"></span> Scheme<span class=\"ff85 ls36 wsf\"> contin<span class=\"_ _0\"></span>ued<span class=\"_ _363\"> </span></span>A rec<span class=\"_ _0\"></span>onc<span class=\"_ _0\"></span>iliatio<span class=\"_ _0\"></span>n of optio<span class=\"_ _0\"></span>ns grante<span class=\"_ _0\"></span>d unde<span class=\"_ _0\"></span>r the 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 S<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>YE<span class=\"_ _0\"></span>, wh<span class=\"_ _0\"></span>ich was un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>he Graf<span class=\"_ _0\"></span>ton G<span class=\"_ _0\"></span>roup pl<span class=\"_ _0\"></span>c 20<span class=\"_ _0\"></span>21 SA<span class=\"_ _2\"></span>Y<span class=\"_ _0\"></span>E Plan<span class=\"_ _0\"></span>, is as follows:<span class=\"_ _363\"> </span>Number<span class=\"_ _363\"> </span>2022 Option price \u00a3<span class=\"_ _363\"> </span>Ou<span class=\"_ _0\"></span>ts<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g at 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _3\"></span>y<span class=\"_ _f1\"> </span><span class=\"ls2\">\u2013<span class=\"_ _18\"> </span><span class=\"lsec wse3\">7.<span class=\"_ _0\"></span>9<span class=\"_ _34\"></span>3<span class=\"_ _363\"> </span></span></span>Granted<span class=\"_ _284\"> </span><span class=\"ff83 ls8b ws7c\">365,<span class=\"_ _0\"></span>241<span class=\"_ _114\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span></span>Fo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ite<span class=\"_ _0\"></span>d<span class=\"_ _1d1\"> </span><span class=\"ff83 ls157 ws16b\">(41,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>47<span class=\"_ _3\"></span>)<span class=\"_ _112\"> </span><span class=\"lsec wse3\">7.<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>3<span class=\"_ _363\"> </span></span></span>E<span class=\"_ _0\"></span>xe<span class=\"_ _0\"></span>rc<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d<span class=\"_ _324\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _18\"> </span><span class=\"lsec wse3\">7.<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>3<span class=\"_ _363\"> </span></span></span>Outstanding at 3<span class=\"_ _2\"></span>1 December<span class=\"_ _325\"> </span><span class=\"ls134 ws145\">3<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,19<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e weighted ave<span class=\"_ _0\"></span>rage s<span class=\"_ _0\"></span>hare pr<span class=\"_ _0\"></span>ice fo<span class=\"_ _0\"></span>r the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od was \u00a38<span class=\"_ _0\"></span>.7<span class=\"_ _2\"></span>6 (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a31<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>.6<span class=\"_ _0\"></span>8).<span class=\"_ _363\"> </span>At 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 non<span class=\"_ _0\"></span>e of the 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 or th<span class=\"_ _0\"></span>e 2020 U<span class=\"_ _0\"></span>K S<span class=\"_ _0\"></span>A<span class=\"_ _2\"></span>Y<span class=\"_ _0\"></span>E shares we<span class=\"_ _0\"></span>re exercis<span class=\"_ _0\"></span>able ot<span class=\"_ _0\"></span>her th<span class=\"_ _0\"></span>an as pe<span class=\"_ _0\"></span>rmi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ted und<span class=\"_ _0\"></span>er the a<span class=\"_ _0\"></span>pplic<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e Plan r<span class=\"_ _0\"></span>ules<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e weighted ave<span class=\"_ _0\"></span>rage re<span class=\"_ _0\"></span>maini<span class=\"_ _0\"></span>ng life is 1<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>8 years (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: 1<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>2 years).<span class=\"_ _363\"> </span>32<span class=\"_ _0\"></span>. <span class=\"_ _1f2\"> </span>Accounting Es<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>imates and Judgements<span class=\"_ _363\"> </span>In the o<span class=\"_ _0\"></span>pinio<span class=\"_ _0\"></span>n of the D<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>tors, t<span class=\"_ _0\"></span>he foll<span class=\"_ _0\"></span>owing sig<span class=\"_ _0\"></span>nifi<span class=\"_ _0\"></span>cant ju<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>ment was e<span class=\"_ _0\"></span>xercise<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e prepa<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>n of the f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts:<span class=\"_ _363\"> </span>Recognition of<span class=\"_ _2\"></span> Surplus on Defined Benefit P<span class=\"_ _4\"></span>ension Schemes<span class=\"_ _363\"> </span>Whe<span class=\"_ _0\"></span>re a sur<span class=\"_ _0\"></span>plus on a d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ined b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t sche<span class=\"_ _0\"></span>me ar<span class=\"_ _0\"></span>ises<span class=\"_ _0\"></span>, the r<span class=\"_ _0\"></span>ights of t<span class=\"_ _0\"></span>he tr<span class=\"_ _0\"></span>ustee<span class=\"_ _0\"></span>s to prevent t<span class=\"_ _0\"></span>he grou<span class=\"_ _0\"></span>p obtain<span class=\"_ _0\"></span>ing a refu<span class=\"_ _0\"></span>nd of that sur<span class=\"_ _0\"></span>plus i<span class=\"_ _0\"></span>n the f<span class=\"_ _0\"></span>uture<span class=\"_ _0\"></span> are co<span class=\"_ _0\"></span>nside<span class=\"_ _0\"></span>red in d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>mining w<span class=\"_ _0\"></span>heth<span class=\"_ _0\"></span>er it is n<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>essa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y to rest<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>t the am<span class=\"_ _0\"></span>ount of th<span class=\"_ _0\"></span>e sur<span class=\"_ _0\"></span>plus that i<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed. T<span class=\"_ _0\"></span>he RO<span class=\"_ _0\"></span>I def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t sch<span class=\"_ _0\"></span>eme is<span class=\"_ _0\"></span> in sur<span class=\"_ _0\"></span>plus un<span class=\"_ _0\"></span>der I<span class=\"_ _0\"></span>AS 19 valuation m<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>odo<span class=\"_ _0\"></span>log<span class=\"_ _0\"></span>y as at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>. The d<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>tors are sat<span class=\"_ _0\"></span>isfi<span class=\"_ _0\"></span>ed t<span class=\"_ _0\"></span>hat the<span class=\"_ _0\"></span>se amo<span class=\"_ _0\"></span>unts me<span class=\"_ _0\"></span>et t<span class=\"_ _0\"></span>he requ<span class=\"_ _0\"></span>irem<span class=\"_ _0\"></span>ents of recove<span class=\"_ _0\"></span>rabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y on th<span class=\"_ _0\"></span>e basis that p<span class=\"_ _0\"></span>arag<span class=\"_ _0\"></span>raph 1<span class=\"_ _2\"></span>1 (<span class=\"_ _0\"></span>b) of IFRIC 1<span class=\"_ _2\"></span>4 a<span class=\"_ _0\"></span>pplie<span class=\"_ _0\"></span>s, en<span class=\"_ _0\"></span>abling a re<span class=\"_ _0\"></span>fund of th<span class=\"_ _0\"></span>e sur<span class=\"_ _0\"></span>plus assu<span class=\"_ _0\"></span>ming t<span class=\"_ _0\"></span>he grad<span class=\"_ _0\"></span>ual se<span class=\"_ _0\"></span>tt<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ent of the<span class=\"_ _0\"></span> sche<span class=\"_ _0\"></span>me lia<span class=\"_ _0\"></span>biliti<span class=\"_ _0\"></span>es over ti<span class=\"_ _0\"></span>me until a<span class=\"_ _0\"></span>ll mem<span class=\"_ _0\"></span>ber<span class=\"_ _0\"></span>s have lef<span class=\"_ _0\"></span>t th<span class=\"_ _0\"></span>e sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>, and a sur<span class=\"_ _0\"></span>plus of \u00a34.6 milli<span class=\"_ _0\"></span>on has b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed.<span class=\"_ _363\"> </span>In the o<span class=\"_ _0\"></span>pinio<span class=\"_ _0\"></span>n of the D<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>tors, t<span class=\"_ _0\"></span>he key so<span class=\"_ _0\"></span>urce<span class=\"_ _0\"></span>s of estimat<span class=\"_ _0\"></span>ion u<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>taint<span class=\"_ _0\"></span>y we<span class=\"_ _0\"></span>re as follows:<span class=\"_ _363\"> </span>Goodwill<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group h<span class=\"_ _0\"></span>as capi<span class=\"_ _0\"></span>talise<span class=\"_ _0\"></span>d go<span class=\"_ _0\"></span>odwill of \u00a36<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5.8 m<span class=\"_ _0\"></span>illion at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 (2021<span class=\"_ _2\"></span>: \u00a359<span class=\"_ _0\"></span>9.<span class=\"_ _0\"></span>8 millio<span class=\"_ _0\"></span>n<span class=\"_ _4\"></span>) as det<span class=\"_ _0\"></span>ailed i<span class=\"_ _0\"></span>n Note 1<span class=\"_ _2\"></span>2. G<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>dwill is req<span class=\"_ _0\"></span>uired to b<span class=\"_ _0\"></span>e tested for im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>ment at l<span class=\"_ _0\"></span>east an<span class=\"_ _0\"></span>nually o<span class=\"_ _0\"></span>r more f<span class=\"_ _0\"></span>requ<span class=\"_ _0\"></span>entl<span class=\"_ _0\"></span>y if cha<span class=\"_ _0\"></span>nges i<span class=\"_ _0\"></span>n circu<span class=\"_ _0\"></span>mstan<span class=\"_ _0\"></span>ces o<span class=\"_ _0\"></span>r the o<span class=\"_ _0\"></span>ccu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>nce of eve<span class=\"_ _0\"></span>nts indi<span class=\"_ _0\"></span>cate potenti<span class=\"_ _0\"></span>al impai<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>nt exist<span class=\"_ _0\"></span>s. T<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p uses val<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e calc<span class=\"_ _0\"></span>ulatio<span class=\"_ _0\"></span>ns to deter<span class=\"_ _0\"></span>mine t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>cover<span class=\"_ _0\"></span>able a<span class=\"_ _0\"></span>mount of c<span class=\"_ _0\"></span>ash ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>ating uni<span class=\"_ _0\"></span>ts co<span class=\"_ _0\"></span>ntaini<span class=\"_ _0\"></span>ng go<span class=\"_ _0\"></span>odwill<span class=\"_ _0\"></span>. Value<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>use<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>is calc<span class=\"_ _0\"></span>ulated as t<span class=\"_ _0\"></span>he pres<span class=\"_ _0\"></span>ent valu<span class=\"_ _0\"></span>e of futu<span class=\"_ _0\"></span>re cash f<span class=\"_ _0\"></span>lows. I<span class=\"_ _0\"></span>n calc<span class=\"_ _0\"></span>ulatin<span class=\"_ _0\"></span>g value<span class=\"_ _3\"></span>-in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>us<span class=\"_ _0\"></span>e, mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent es<span class=\"_ _0\"></span>timati<span class=\"_ _0\"></span>on is re<span class=\"_ _0\"></span>quired i<span class=\"_ _0\"></span>n forec<span class=\"_ _0\"></span>astin<span class=\"_ _0\"></span>g cash f<span class=\"_ _0\"></span>lows <span class=\"ls2\"> </span>of the se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nts and in s<span class=\"_ _0\"></span>ele<span class=\"_ _0\"></span>ctin<span class=\"_ _0\"></span>g an app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>iate disco<span class=\"_ _0\"></span>unt rate and t<span class=\"_ _0\"></span>he no<span class=\"_ _0\"></span>minal g<span class=\"_ _0\"></span>rowt<span class=\"_ _0\"></span>h rate in pe<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>etuit<span class=\"_ _0\"></span>y. In 2021<span class=\"_ _2\"></span>, t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up disp<span class=\"_ _0\"></span>osed of a numb<span class=\"_ _0\"></span>er of busin<span class=\"_ _0\"></span>esse<span class=\"_ _0\"></span>s whic<span class=\"_ _0\"></span>h resulte<span class=\"_ _0\"></span>d in a wri<span class=\"_ _0\"></span>te off of go<span class=\"_ _0\"></span>odwi<span class=\"_ _0\"></span>ll amou<span class=\"_ _0\"></span>nting to \u00a31<span class=\"_ _2\"></span>26<span class=\"_ _0\"></span>.3 milli<span class=\"_ _0\"></span>on bas<span class=\"_ _0\"></span>ed on a<span class=\"_ _0\"></span>n alloc<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of goo<span class=\"_ _0\"></span>dwill at<span class=\"_ _0\"></span>tac<span class=\"_ _0\"></span>hing to th<span class=\"_ _0\"></span>e UK Dist<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n CGU. T<span class=\"_ _0\"></span>he all<span class=\"_ _0\"></span>oc<span class=\"_ _0\"></span>ation was d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d base<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e of the tr<span class=\"_ _0\"></span>aditi<span class=\"_ _0\"></span>onal m<span class=\"_ _0\"></span>ercha<span class=\"_ _0\"></span>nting bu<span class=\"_ _0\"></span>sines<span class=\"_ _0\"></span>s relati<span class=\"_ _0\"></span>ve to the fair val<span class=\"_ _0\"></span>ue of the<span class=\"_ _0\"></span> por<span class=\"_ _3\"></span>tion of th<span class=\"_ _0\"></span>e UK D<span class=\"_ _0\"></span>istr<span class=\"_ _0\"></span>ibut<span class=\"_ _0\"></span>ion C<span class=\"_ _0\"></span>GU whic<span class=\"_ _0\"></span>h has be<span class=\"_ _0\"></span>en re<span class=\"_ _0\"></span>taine<span class=\"_ _0\"></span>d.<span class=\"_ _363\"> </span>Retirement Benefit<span class=\"_ _2\"></span> Ob<span class=\"_ _0\"></span>ligations<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ates a numb<span class=\"_ _0\"></span>er of def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it ret<span class=\"_ _0\"></span>ireme<span class=\"_ _0\"></span>nt plans w<span class=\"_ _0\"></span>hich a<span class=\"_ _0\"></span>re as set ou<span class=\"_ _0\"></span>t in Note 30. T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s total ob<span class=\"_ _0\"></span>ligati<span class=\"_ _0\"></span>on in res<span class=\"_ _0\"></span>pec<span class=\"_ _0\"></span>t of <span class=\"ls2\"> </span>def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t plans is c<span class=\"_ _0\"></span>alcu<span class=\"_ _0\"></span>lated by ind<span class=\"_ _0\"></span>epe<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>nt, qu<span class=\"_ _0\"></span>alif<span class=\"_ _0\"></span>ied a<span class=\"_ _0\"></span>ctuar<span class=\"_ _0\"></span>ies a<span class=\"_ _0\"></span>nd upd<span class=\"_ _0\"></span>ated at leas<span class=\"_ _0\"></span>t annual<span class=\"_ _0\"></span>ly and totals \u00a3<span class=\"_ _0\"></span>20<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>8 millio<span class=\"_ _0\"></span>n at 31 De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 (2021<span class=\"_ _2\"></span>: \u00a3<span class=\"_ _0\"></span>295<span class=\"_ _0\"></span>.2 milli<span class=\"_ _0\"></span>on). Plan asset<span class=\"_ _0\"></span>s at 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 amo<span class=\"_ _0\"></span>unted to \u00a31<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>3 million (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a3<span class=\"_ _0\"></span>28<span class=\"_ _0\"></span>3.7 million) giving a n<span class=\"_ _0\"></span>et sch<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>e def<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>t of \u00a31<span class=\"_ _2\"></span>0.5 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a31<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>.5 mil<span class=\"_ _0\"></span>lion). The size of the o<span class=\"_ _0\"></span>bligat<span class=\"_ _0\"></span>ion is s<span class=\"_ _0\"></span>ensit<span class=\"_ _0\"></span>ive to actu<span class=\"_ _0\"></span>arial as<span class=\"_ _0\"></span>sumpti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>. The key as<span class=\"_ _0\"></span>sumpti<span class=\"_ _0\"></span>ons are t<span class=\"_ _0\"></span>he disc<span class=\"_ _0\"></span>ount rate<span class=\"_ _0\"></span>, the rate <span class=\"ls2\"> </span>of inflati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, life exp<span class=\"_ _0\"></span>ect<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>y<span class=\"_ _2\"></span>, p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>its an<span class=\"_ _0\"></span>d rate of salar<span class=\"_ _0\"></span>y in<span class=\"_ _0\"></span>creas<span class=\"_ _0\"></span>es. T<span class=\"_ _0\"></span>he se<span class=\"_ _0\"></span>nsiti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>ies of th<span class=\"_ _0\"></span>e prin<span class=\"_ _0\"></span>cipal as<span class=\"_ _0\"></span>sumpti<span class=\"_ _0\"></span>ons us<span class=\"_ _0\"></span>ed to measu<span class=\"_ _0\"></span>re def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t pen<span class=\"_ _0\"></span>sion sc<span class=\"_ _0\"></span>hem<span class=\"_ _0\"></span>e obli<span class=\"_ _0\"></span>gatio<span class=\"_ _0\"></span>ns are se<span class=\"_ _0\"></span>t out in N<span class=\"_ _0\"></span>ote 30.<span class=\"_ _363\"> </span>Rebate Income<span class=\"_ _363\"> </span>Rebate ar<span class=\"_ _0\"></span>rang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents wit<span class=\"_ _0\"></span>h supp<span class=\"_ _0\"></span>lier<span class=\"_ _0\"></span>s are a co<span class=\"_ _0\"></span>mmo<span class=\"_ _0\"></span>n feature of tra<span class=\"_ _0\"></span>ding in th<span class=\"_ _0\"></span>e distr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n indust<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d the Gro<span class=\"_ _0\"></span>up has ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>ments wi<span class=\"_ _0\"></span>th in<span class=\"_ _0\"></span>divid<span class=\"_ _0\"></span>ual suppli<span class=\"_ _0\"></span>ers re<span class=\"_ _0\"></span>lated to purc<span class=\"_ _0\"></span>hases of g<span class=\"_ _0\"></span>ood<span class=\"_ _0\"></span>s for resal<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Rebates ar<span class=\"_ _0\"></span>e acc<span class=\"_ _0\"></span>ounted for as a d<span class=\"_ _0\"></span>edu<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on fro<span class=\"_ _0\"></span>m the c<span class=\"_ _0\"></span>ost of g<span class=\"_ _0\"></span>oods fo<span class=\"_ _0\"></span>r resal<span class=\"_ _0\"></span>e and are re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in the f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts base<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he amo<span class=\"_ _0\"></span>unt that has b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n ear<span class=\"_ _0\"></span>ned in re<span class=\"_ _0\"></span>spe<span class=\"_ _0\"></span>ct of eac<span class=\"_ _0\"></span>h indi<span class=\"_ _0\"></span>vidu<span class=\"_ _0\"></span>al suppli<span class=\"_ _0\"></span>er up to th<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce sh<span class=\"_ _0\"></span>eet d<span class=\"_ _0\"></span>ate. Rebates re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivabl<span class=\"_ _0\"></span>e are dete<span class=\"_ _0\"></span>rmin<span class=\"_ _0\"></span>ed usi<span class=\"_ _0\"></span>ng est<span class=\"_ _0\"></span>ablish<span class=\"_ _0\"></span>ed met<span class=\"_ _0\"></span>hod<span class=\"_ _0\"></span>olo<span class=\"_ _0\"></span>gies an<span class=\"_ _0\"></span>d are onl<span class=\"_ _0\"></span>y rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>ome s<span class=\"_ _0\"></span>tatem<span class=\"_ _0\"></span>ent whe<span class=\"_ _0\"></span>re the<span class=\"_ _0\"></span>re is an agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent in pl<span class=\"_ _0\"></span>ace wi<span class=\"_ _0\"></span>th an ind<span class=\"_ _0\"></span>ivid<span class=\"_ _0\"></span>ual sup<span class=\"_ _0\"></span>plier, any related per<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rma<span class=\"_ _0\"></span>nce c<span class=\"_ _0\"></span>ondi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns have be<span class=\"_ _0\"></span>en me<span class=\"_ _0\"></span>t and th<span class=\"_ _0\"></span>e go<span class=\"_ _0\"></span>ods have be<span class=\"_ _0\"></span>en s<span class=\"_ _0\"></span>old to a third<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y cus<span class=\"_ _0\"></span>tomer.<span class=\"_ _363\"> </span>Rebates re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivabl<span class=\"_ _0\"></span>e from i<span class=\"_ _0\"></span>ndiv<span class=\"_ _0\"></span>idual su<span class=\"_ _0\"></span>pplie<span class=\"_ _0\"></span>rs are t<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>pica<span class=\"_ _0\"></span>lly cal<span class=\"_ _0\"></span>culate<span class=\"_ _0\"></span>d by apply<span class=\"_ _0\"></span>ing an a<span class=\"_ _0\"></span>gree<span class=\"_ _0\"></span>d pe<span class=\"_ _0\"></span>rcent<span class=\"_ _0\"></span>age to th<span class=\"_ _0\"></span>e purch<span class=\"_ _0\"></span>ase pr<span class=\"_ _0\"></span>ice s<span class=\"_ _0\"></span>hown on t<span class=\"_ _0\"></span>he suppli<span class=\"_ _0\"></span>er invoi<span class=\"_ _0\"></span>ce for p<span class=\"_ _0\"></span>roduc<span class=\"_ _0\"></span>ts purc<span class=\"_ _0\"></span>hase<span class=\"_ _0\"></span>d for resa<span class=\"_ _0\"></span>le. A smal<span class=\"_ _0\"></span>l prop<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of rebates re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>le are base<span class=\"_ _0\"></span>d on vo<span class=\"_ _0\"></span>lume<span class=\"_ _0\"></span>s purch<span class=\"_ _0\"></span>ased wi<span class=\"_ _0\"></span>th ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n suppli<span class=\"_ _0\"></span>er agre<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nts provi<span class=\"_ _0\"></span>ding for a s<span class=\"_ _0\"></span>teppe<span class=\"_ _0\"></span>d inc<span class=\"_ _0\"></span>rease in re<span class=\"_ _0\"></span>bates if purc<span class=\"_ _0\"></span>hases r<span class=\"_ _0\"></span>each p<span class=\"_ _0\"></span>rede<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>ned t<span class=\"_ _0\"></span>arge<span class=\"_ _0\"></span>ts with<span class=\"_ _0\"></span>in a spe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d time p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e major<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of rebate ar<span class=\"_ _0\"></span>rang<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents c<span class=\"_ _0\"></span>over a cal<span class=\"_ _0\"></span>enda<span class=\"_ _0\"></span>r year whi<span class=\"_ _0\"></span>ch co<span class=\"_ _0\"></span>inci<span class=\"_ _0\"></span>des wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al year of the G<span class=\"_ _0\"></span>roup an<span class=\"_ _0\"></span>d this re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>e require<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt to esti<span class=\"_ _0\"></span>mate rebates re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>vable at t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r-en<span class=\"_ _0\"></span>d. W<span class=\"_ _0\"></span>here es<span class=\"_ _0\"></span>timat<span class=\"_ _0\"></span>ion is us<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he cal<span class=\"_ _0\"></span>culati<span class=\"_ _0\"></span>on of rebates re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>le it is d<span class=\"_ _0\"></span>one o<span class=\"_ _0\"></span>n a consis<span class=\"_ _0\"></span>tent and p<span class=\"_ _0\"></span>rud<span class=\"_ _0\"></span>ent basis<span class=\"_ _0\"></span>, based u<span class=\"_ _0\"></span>pon m<span class=\"_ _0\"></span>anage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>\u2019s knowl<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>e and ex<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ien<span class=\"_ _0\"></span>ce of th<span class=\"_ _0\"></span>e suppli<span class=\"_ _0\"></span>ers a<span class=\"_ _0\"></span>nd histor<span class=\"_ _0\"></span>ic co<span class=\"_ _0\"></span>lle<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n tre<span class=\"_ _0\"></span>nds.<span class=\"_ _363\"> </span>32<span class=\"_ _0\"></span>. <span class=\"_ _1f2\"> </span>Accounting Es<span class=\"_ _2\"></span>t<span class=\"_ _0\"></span>imates and Judgements<span class=\"ff85 ls9d ws54\"> continue<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>Rebate Income<span class=\"ff85 ls36 wsf\"> continued<span class=\"_ _363\"> </span></span>Rebates ar<span class=\"_ _0\"></span>e classif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce sh<span class=\"_ _0\"></span>eet as fo<span class=\"_ _0\"></span>llows:<span class=\"_ _363\"> </span>Inve<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing valu<span class=\"_ _0\"></span>e of inventorie<span class=\"_ _0\"></span>s at the b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et date is re<span class=\"_ _0\"></span>duc<span class=\"_ _0\"></span>ed to ref<span class=\"_ _0\"></span>lec<span class=\"_ _0\"></span>t rebates re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivabl<span class=\"_ _0\"></span>e relati<span class=\"_ _0\"></span>ng to inventor<span class=\"_ _0\"></span>y t<span class=\"_ _0\"></span>hat has not b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n sold<span class=\"_ _0\"></span> <span class=\"ls2\"> </span></span>at the ba<span class=\"_ _0\"></span>lanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et date.<span class=\"_ _363\"> </span>Trade and Other R<span class=\"_ _2\"></span>eceivables<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>e amo<span class=\"_ _0\"></span>unt of rebate re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>vable at t<span class=\"_ _0\"></span>he bala<span class=\"_ _0\"></span>nce s<span class=\"_ _0\"></span>hee<span class=\"_ _0\"></span>t date is class<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ed as oth<span class=\"_ _0\"></span>er re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>vable<span class=\"_ _0\"></span>s and se<span class=\"_ _0\"></span>paratel<span class=\"_ _0\"></span>y discl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d in Note 1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>, <span class=\"ls2\"> </span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d Ot<span class=\"_ _0\"></span>her R<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>eivab<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Tra<span class=\"_ _0\"></span>de an<span class=\"_ _0\"></span>d Ot<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>r Paya<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>es<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Wh<span class=\"_ _0\"></span>ere th<span class=\"_ _0\"></span>e Group h<span class=\"_ _0\"></span>as the l<span class=\"_ _0\"></span>egal r<span class=\"_ _0\"></span>ight to set-<span class=\"_ _3\"></span>off reb<span class=\"_ _0\"></span>ates rec<span class=\"_ _0\"></span>eiva<span class=\"_ _0\"></span>ble aga<span class=\"_ _0\"></span>inst am<span class=\"_ _0\"></span>ounts owin<span class=\"_ _0\"></span>g to indivi<span class=\"_ _0\"></span>dual su<span class=\"_ _0\"></span>pplie<span class=\"_ _0\"></span>rs<span class=\"_ _0\"></span>, any rebates re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>e at <span class=\"ls2\"> </span></span>the ba<span class=\"_ _0\"></span>lanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et date are ne<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ted agains<span class=\"_ _0\"></span>t amo<span class=\"_ _0\"></span>unts payab<span class=\"_ _0\"></span>le to thes<span class=\"_ _0\"></span>e suppl<span class=\"_ _0\"></span>iers a<span class=\"_ _0\"></span>nd th<span class=\"_ _0\"></span>e amou<span class=\"_ _0\"></span>nt, if m<span class=\"_ _0\"></span>aterial<span class=\"_ _0\"></span>, is sep<span class=\"_ _0\"></span>aratel<span class=\"_ _0\"></span>y disclo<span class=\"_ _0\"></span>sed in N<span class=\"_ _0\"></span>ote 24, <span class=\"ls2\"> </span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d Ot<span class=\"_ _0\"></span>her P<span class=\"_ _0\"></span>ayable<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>Valu<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>o<span class=\"_ _0\"></span>n of I<span class=\"_ _0\"></span>nve<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>y<span class=\"_ _363\"> </span>Inventor<span class=\"_ _0\"></span>y c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>s raw materia<span class=\"_ _0\"></span>ls, f<span class=\"_ _0\"></span>inish<span class=\"_ _0\"></span>ed go<span class=\"_ _0\"></span>ods a<span class=\"_ _0\"></span>nd go<span class=\"_ _0\"></span>ods pu<span class=\"_ _0\"></span>rchase<span class=\"_ _0\"></span>d for res<span class=\"_ _0\"></span>ale. Prov<span class=\"_ _0\"></span>isio<span class=\"_ _0\"></span>ns are made a<span class=\"_ _0\"></span>gainst s<span class=\"_ _0\"></span>low movi<span class=\"_ _0\"></span>ng, o<span class=\"_ _0\"></span>bsol<span class=\"_ _0\"></span>ete and<span class=\"_ _363\"> </span>damag<span class=\"_ _0\"></span>ed inve<span class=\"_ _0\"></span>ntorie<span class=\"_ _0\"></span>s for whic<span class=\"_ _0\"></span>h the n<span class=\"_ _0\"></span>et realis<span class=\"_ _0\"></span>able val<span class=\"_ _0\"></span>ue is es<span class=\"_ _0\"></span>timated to be l<span class=\"_ _0\"></span>ess t<span class=\"_ _0\"></span>han co<span class=\"_ _0\"></span>st. D<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>minin<span class=\"_ _0\"></span>g the n<span class=\"_ _0\"></span>et realis<span class=\"_ _0\"></span>able valu<span class=\"_ _0\"></span>e of the wi<span class=\"_ _0\"></span>de ran<span class=\"_ _0\"></span>ge of<span class=\"_ _363\"> </span>produ<span class=\"_ _0\"></span>cts h<span class=\"_ _0\"></span>eld in ma<span class=\"_ _0\"></span>ny loc<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns requi<span class=\"_ _0\"></span>res est<span class=\"_ _0\"></span>imatio<span class=\"_ _0\"></span>n to be app<span class=\"_ _0\"></span>lied to de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ine th<span class=\"_ _0\"></span>e likely sal<span class=\"_ _0\"></span>eabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of produ<span class=\"_ _0\"></span>cts an<span class=\"_ _0\"></span>d the p<span class=\"_ _0\"></span>otential pr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s that c<span class=\"_ _0\"></span>an be<span class=\"_ _363\"> </span>achi<span class=\"_ _0\"></span>eved<span class=\"_ _0\"></span>. In arr<span class=\"_ _0\"></span>ivi<span class=\"_ _0\"></span>ng at any provis<span class=\"_ _0\"></span>ions for n<span class=\"_ _0\"></span>et realis<span class=\"_ _0\"></span>able va<span class=\"_ _0\"></span>lue, t<span class=\"_ _0\"></span>he Dir<span class=\"_ _0\"></span>ector<span class=\"_ _0\"></span>s take into acc<span class=\"_ _0\"></span>ount t<span class=\"_ _0\"></span>he ag<span class=\"_ _0\"></span>e, co<span class=\"_ _0\"></span>ndit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, quali<span class=\"_ _0\"></span>ty of th<span class=\"_ _0\"></span>e prod<span class=\"_ _0\"></span>ucts i<span class=\"_ _0\"></span>n stock a<span class=\"_ _0\"></span>nd<span class=\"_ _363\"> </span>rec<span class=\"_ _0\"></span>ent sal<span class=\"_ _0\"></span>es tre<span class=\"_ _0\"></span>nds. T<span class=\"_ _0\"></span>he ac<span class=\"_ _0\"></span>tual rea<span class=\"_ _0\"></span>lisabl<span class=\"_ _0\"></span>e value of inventor<span class=\"_ _3\"></span>y may dif<span class=\"_ _0\"></span>fer fro<span class=\"_ _0\"></span>m the e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>d value o<span class=\"_ _0\"></span>n whic<span class=\"_ _0\"></span>h the p<span class=\"_ _0\"></span>rovisio<span class=\"_ _0\"></span>n is base<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p held<span class=\"_ _0\"></span> provisi<span class=\"_ _0\"></span>ons in res<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ct of inventor<span class=\"_ _0\"></span>y b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>es at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22 am<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>ing to \u00a347<span class=\"_ _5\"></span>.<span class=\"_ _0\"></span>2 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a341<span class=\"_ _2\"></span>.9 million).<span class=\"_ _363\"> </span>IFRS 16 \u201cLe<span class=\"_ _0\"></span>ases\u201d<span class=\"_ _363\"> </span>Whe<span class=\"_ _0\"></span>re the G<span class=\"_ _0\"></span>roup has a<span class=\"_ _0\"></span>n optio<span class=\"_ _0\"></span>n to ex<span class=\"_ _0\"></span>tend or te<span class=\"_ _0\"></span>rmin<span class=\"_ _0\"></span>ate a lease, m<span class=\"_ _0\"></span>anage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt uses i<span class=\"_ _0\"></span>ts judg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt to deter<span class=\"_ _0\"></span>mine wh<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>er suc<span class=\"_ _0\"></span>h an opt<span class=\"_ _0\"></span>ion wou<span class=\"_ _0\"></span>ld be<span class=\"_ _0\"></span> reason<span class=\"_ _0\"></span>ably c<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain to be exer<span class=\"_ _0\"></span>cise<span class=\"_ _0\"></span>d. Man<span class=\"_ _0\"></span>agem<span class=\"_ _0\"></span>ent c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>ers all fa<span class=\"_ _0\"></span>cts an<span class=\"_ _0\"></span>d circu<span class=\"_ _0\"></span>mstan<span class=\"_ _0\"></span>ces<span class=\"_ _0\"></span>, inc<span class=\"_ _0\"></span>luding p<span class=\"_ _0\"></span>ast pr<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>ce and c<span class=\"_ _0\"></span>osts t<span class=\"_ _0\"></span>hat woul<span class=\"_ _0\"></span>d be inc<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>d <span class=\"ls2\"> </span>if an opti<span class=\"_ _0\"></span>on were to b<span class=\"_ _0\"></span>e exercise<span class=\"_ _0\"></span>d, to h<span class=\"_ _0\"></span>elp th<span class=\"_ _0\"></span>em de<span class=\"_ _0\"></span>termi<span class=\"_ _0\"></span>ne the l<span class=\"_ _0\"></span>ease ter<span class=\"_ _0\"></span>m. M<span class=\"_ _0\"></span>anage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt have also app<span class=\"_ _0\"></span>lied ju<span class=\"_ _0\"></span>dge<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s in asses<span class=\"_ _0\"></span>sing th<span class=\"_ _0\"></span>e disc<span class=\"_ _0\"></span>ount rate,<span class=\"_ _0\"></span> whic<span class=\"_ _0\"></span>h are base<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e incre<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ntal bo<span class=\"_ _0\"></span>rrowin<span class=\"_ _0\"></span>g rate. Su<span class=\"_ _0\"></span>ch judg<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ents c<span class=\"_ _0\"></span>ould im<span class=\"_ _0\"></span>pact l<span class=\"_ _0\"></span>ease ter<span class=\"_ _0\"></span>ms and as<span class=\"_ _0\"></span>soc<span class=\"_ _0\"></span>iated leas<span class=\"_ _0\"></span>e liabili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p availed of<span class=\"_ _0\"></span> the pr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>ical e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>die<span class=\"_ _0\"></span>nt available o<span class=\"_ _0\"></span>n tra<span class=\"_ _0\"></span>nsiti<span class=\"_ _0\"></span>on to IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _2\"></span>6 not to reass<span class=\"_ _0\"></span>ess wh<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>er a co<span class=\"_ _0\"></span>ntrac<span class=\"_ _0\"></span>t is or c<span class=\"_ _0\"></span>ontai<span class=\"_ _0\"></span>ns a lease<span class=\"_ _0\"></span>. Acc<span class=\"_ _0\"></span>ording<span class=\"_ _0\"></span>ly, the def<span class=\"_ _0\"></span>initi<span class=\"_ _0\"></span>on of a leas<span class=\"_ _0\"></span>e<span class=\"_ _363\"> </span>in acc<span class=\"_ _0\"></span>orda<span class=\"_ _0\"></span>nce wi<span class=\"_ _0\"></span>th I<span class=\"_ _0\"></span>AS 17 and the gui<span class=\"_ _0\"></span>danc<span class=\"_ _0\"></span>e in IFRI<span class=\"_ _0\"></span>C 4 will co<span class=\"_ _0\"></span>ntinue to b<span class=\"_ _0\"></span>e appli<span class=\"_ _0\"></span>ed to tho<span class=\"_ _0\"></span>se leas<span class=\"_ _0\"></span>es entere<span class=\"_ _0\"></span>d into or mo<span class=\"_ _0\"></span>dif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d before 1 Ja<span class=\"_ _0\"></span>nuar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>01<span class=\"_ _2\"></span>9.<span class=\"_ _363\"> </span>V<span class=\"_ _2\"></span>alu<span class=\"_ _0\"></span>ation of in<span class=\"_ _2\"></span>vestment<span class=\"_ _4\"></span> property<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e fair value<span class=\"_ _0\"></span>s der<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>d are base<span class=\"_ _0\"></span>d on cu<span class=\"_ _0\"></span>rrent e<span class=\"_ _0\"></span>stim<span class=\"_ _0\"></span>ated mar<span class=\"_ _0\"></span>ket value<span class=\"_ _0\"></span>s for the p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es, b<span class=\"_ _0\"></span>eing t<span class=\"_ _0\"></span>he am<span class=\"_ _0\"></span>ount th<span class=\"_ _0\"></span>at would b<span class=\"_ _0\"></span>e rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d from a s<span class=\"_ _0\"></span>ale of the<span class=\"_ _0\"></span> asset<span class=\"_ _0\"></span>s in an ord<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>y tran<span class=\"_ _0\"></span>sact<span class=\"_ _0\"></span>ion b<span class=\"_ _0\"></span>etwe<span class=\"_ _0\"></span>en m<span class=\"_ _0\"></span>arket pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>ipants<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e valuat<span class=\"_ _0\"></span>ion of th<span class=\"_ _0\"></span>e Group<span class=\"_ _0\"></span>\u2019s investme<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio is in<span class=\"_ _0\"></span>here<span class=\"_ _0\"></span>ntly su<span class=\"_ _0\"></span>bjec<span class=\"_ _0\"></span>tive<span class=\"_ _0\"></span> as it req<span class=\"_ _0\"></span>uires am<span class=\"_ _0\"></span>ong ot<span class=\"_ _0\"></span>her fac<span class=\"_ _0\"></span>tors<span class=\"_ _0\"></span>, the e<span class=\"_ _0\"></span>stimat<span class=\"_ _0\"></span>ion of th<span class=\"_ _0\"></span>e exp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ted renta<span class=\"_ _0\"></span>l inco<span class=\"_ _0\"></span>me in to th<span class=\"_ _0\"></span>e futu<span class=\"_ _0\"></span>re, an ass<span class=\"_ _0\"></span>essm<span class=\"_ _0\"></span>ent of a pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ty<span class=\"_ _0\"></span>\u2019s abili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y to remain<span class=\"_ _363\"> </span>att<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tive to exis<span class=\"_ _0\"></span>ting an<span class=\"_ _0\"></span>d prosp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>tive tena<span class=\"_ _0\"></span>nts in a cha<span class=\"_ _0\"></span>nging m<span class=\"_ _0\"></span>arket an<span class=\"_ _0\"></span>d a judg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt to be reac<span class=\"_ _0\"></span>hed o<span class=\"_ _0\"></span>n the at<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>vene<span class=\"_ _0\"></span>ss of a buildi<span class=\"_ _0\"></span>ng, i<span class=\"_ _0\"></span>ts loc<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n<span class=\"_ _363\"> </span>and th<span class=\"_ _0\"></span>e surr<span class=\"_ _0\"></span>oundi<span class=\"_ _0\"></span>ng enviro<span class=\"_ _0\"></span>nme<span class=\"_ _0\"></span>nt. Fur<span class=\"_ _3\"></span>ther d<span class=\"_ _0\"></span>etail o<span class=\"_ _0\"></span>n the d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>minati<span class=\"_ _0\"></span>on of fair valu<span class=\"_ _0\"></span>e of investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s is set ou<span class=\"_ _0\"></span>t in note 1<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>33. <span class=\"_ _1f2\"> </span>Re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d Part<span class=\"_ _0\"></span>y Transa<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>ns<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e prin<span class=\"_ _0\"></span>cipal re<span class=\"_ _0\"></span>lated par<span class=\"_ _3\"></span>ty t<span class=\"_ _0\"></span>ransa<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ons that re<span class=\"_ _0\"></span>quire dis<span class=\"_ _0\"></span>clos<span class=\"_ _0\"></span>ure und<span class=\"_ _0\"></span>er I<span class=\"_ _0\"></span>AS 24: Relate<span class=\"_ _0\"></span>d Par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y D<span class=\"_ _0\"></span>isclo<span class=\"_ _0\"></span>sures re<span class=\"_ _0\"></span>late to subsidia<span class=\"_ _0\"></span>ries<span class=\"_ _0\"></span>, key man<span class=\"_ _0\"></span>agem<span class=\"_ _0\"></span>ent<span class=\"_ _363\"> </span>per<span class=\"_ _0\"></span>sonn<span class=\"_ _0\"></span>el and p<span class=\"_ _0\"></span>ost-<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mploy<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt ben<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t plans<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Subsidiaries<span class=\"_ _363\"> </span>Sal<span class=\"_ _0\"></span>es to and pu<span class=\"_ _0\"></span>rchase<span class=\"_ _0\"></span>s from<span class=\"_ _0\"></span>, toge<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>r with o<span class=\"_ _0\"></span>utst<span class=\"_ _0\"></span>andin<span class=\"_ _0\"></span>g payabl<span class=\"_ _0\"></span>es and re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivabl<span class=\"_ _0\"></span>es to and fro<span class=\"_ _0\"></span>m, su<span class=\"_ _0\"></span>bsidia<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>s are elimi<span class=\"_ _0\"></span>nated in th<span class=\"_ _0\"></span>e prep<span class=\"_ _0\"></span>arati<span class=\"_ _0\"></span>on of <span class=\"ls2\"> </span>the c<span class=\"_ _0\"></span>onso<span class=\"_ _0\"></span>lidated f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial infor<span class=\"_ _0\"></span>mati<span class=\"_ _0\"></span>on in ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>rdanc<span class=\"_ _0\"></span>e with IF<span class=\"_ _0\"></span>RS 10, Conso<span class=\"_ _0\"></span>lidated F<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial S<span class=\"_ _0\"></span>tate<span class=\"_ _0\"></span>ments<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>K<span class=\"_ _2\"></span>ey Management Personnel<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e term key ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>ment p<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>onne<span class=\"_ _0\"></span>l for 20<span class=\"_ _0\"></span>22 is t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>oard of Graf<span class=\"_ _0\"></span>ton G<span class=\"_ _0\"></span>roup pl<span class=\"_ _0\"></span>c and th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mpany S<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>cret<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y/Group Fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al Co<span class=\"_ _0\"></span>ntroll<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>. T<span class=\"_ _0\"></span>he c<span class=\"_ _0\"></span>ost<span class=\"_ _0\"></span> of key manage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt per<span class=\"_ _0\"></span>sonn<span class=\"_ _0\"></span>el is anal<span class=\"_ _0\"></span>yse<span class=\"_ _0\"></span>d in Note 6 to the Gro<span class=\"_ _0\"></span>up Fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts. T<span class=\"_ _0\"></span>he Re<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t of the Re<span class=\"_ _0\"></span>mune<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on Co<span class=\"_ _0\"></span>mmi<span class=\"_ _0\"></span>tte<span class=\"_ _0\"></span>e on D<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>tors\u2019<span class=\"_ _0\"></span> Remu<span class=\"_ _0\"></span>nerat<span class=\"_ _0\"></span>ion o<span class=\"_ _0\"></span>n page<span class=\"_ _0\"></span>s 1<span class=\"_ _2\"></span>20 to 1<span class=\"_ _4\"></span>45 p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>es det<span class=\"_ _0\"></span>aile<span class=\"_ _0\"></span>d discl<span class=\"_ _0\"></span>osure (<span class=\"_ _0\"></span>\u2018unau<span class=\"_ _0\"></span>dited<span class=\"_ _0\"></span>\u2019<span class=\"_ _3\"></span>) for 202<span class=\"_ _0\"></span>2 and 2<span class=\"_ _0\"></span>021 of salar<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, fee<span class=\"_ _0\"></span>s, pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>manc<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span>ated pay, pension<span class=\"_ _0\"></span> allowanc<span class=\"_ _0\"></span>e, oth<span class=\"_ _0\"></span>er be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>its a<span class=\"_ _0\"></span>nd enti<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>ments to awards gr<span class=\"_ _0\"></span>anted un<span class=\"_ _0\"></span>der t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up\u2019s 201<span class=\"_ _2\"></span>1 L<span class=\"_ _2\"></span>TIP sch<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Post-Empl<span class=\"_ _0\"></span>oyment Benefit Plans<span class=\"_ _363\"> </span>Pensi<span class=\"_ _0\"></span>on co<span class=\"_ _0\"></span>mmi<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts to exist<span class=\"_ _0\"></span>ing and fo<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>r emp<span class=\"_ _0\"></span>loye<span class=\"_ _0\"></span>es und<span class=\"_ _0\"></span>er def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d be<span class=\"_ _0\"></span>nef<span class=\"_ _0\"></span>it pe<span class=\"_ _0\"></span>nsio<span class=\"_ _0\"></span>n sche<span class=\"_ _0\"></span>me ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ents are d<span class=\"_ _0\"></span>isclo<span class=\"_ _0\"></span>sed in N<span class=\"_ _0\"></span>ote 30 to the<span class=\"_ _0\"></span> Group F<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial S<span class=\"_ _0\"></span>tate<span class=\"_ _0\"></span>ments<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>34. <span class=\"_ _1f2\"> </span>Events a<span class=\"_ _0\"></span>fte<span class=\"_ _0\"></span>r the B<span class=\"_ _0\"></span>alan<span class=\"_ _0\"></span>ce She<span class=\"_ _0\"></span>et Da<span class=\"_ _0\"></span>te<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Com<span class=\"_ _0\"></span>pany bo<span class=\"_ _0\"></span>ught ba<span class=\"_ _0\"></span>ck<span class=\"_ _0\"></span>, for ca<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>llatio<span class=\"_ _0\"></span>n, 2<span class=\"_ _0\"></span>,96<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>,2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4 share<span class=\"_ _0\"></span>s at a cost of \u00a3<span class=\"_ _0\"></span>27<span class=\"_ _2\"></span>.5 million b<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n 1 Janua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>23 and 2<span class=\"_ _0\"></span>8 Feb<span class=\"_ _0\"></span>ruar<span class=\"_ _3\"></span>y 202<span class=\"_ _0\"></span>3.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>ere have be<span class=\"_ _0\"></span>en n<span class=\"_ _0\"></span>o other m<span class=\"_ _0\"></span>aterial e<span class=\"_ _0\"></span>vents su<span class=\"_ _0\"></span>bseq<span class=\"_ _0\"></span>uent to 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22 t<span class=\"_ _0\"></span>hat would re<span class=\"_ _0\"></span>quire adj<span class=\"_ _0\"></span>ustm<span class=\"_ _0\"></span>ent to or disc<span class=\"_ _0\"></span>losu<span class=\"_ _0\"></span>re in this re<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>t.<span class=\"_ _363\"> </span>35. <span class=\"_ _38\"> </span>Approval<span class=\"_ _2\"></span> of Financial Statements<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Boa<span class=\"_ _0\"></span>rd of Dire<span class=\"_ _0\"></span>ctors a<span class=\"_ _0\"></span>pproved t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up Fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al S<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts on p<span class=\"_ _0\"></span>ages 160 to 21<span class=\"_ _2\"></span>8 on 1 Mar<span class=\"_ _0\"></span>ch 20<span class=\"_ _0\"></span>23.<span class=\"_ _363\"> </span>Notes t<span class=\"_ _2\"></span>o t<span class=\"_ _0\"></span>he Group Fina<span class=\"_ _4\"></span>ncial St<span class=\"_ _2\"></span>atements<span class=\"ff85 ls9e ws92\"> contin<span class=\"_ _0\"></span>ue<span class=\"_ _0\"></span>d</span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNotesAndOtherExplanatoryInformationExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-582": {
   "value": "General Information Grafton Group plc (\u2018Grafton\u2019 or \u2018the Group\u2019) is a public limited company incorporated in the Republic of Ireland. The registered number is 8149 and  registered office address is Heron House, Corrig Road, Sandyford Business Park, Dublin, D18 Y2X6. The Group is an international distributor of  building materials to trade customers who are primarily engaged in residential repair, maintenance and improvement projects and house building. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-3": {
   "value": "plc",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-4": {
   "value": "Republic of Ireland",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-5": {
   "value": "Heron House, Corrig Road, Sandyford Business Park, Dublin, D18 Y2X6",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-587": {
   "value": "Statement of<span class=\"_ _2\"></span> Compliance<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e cons<span class=\"_ _0\"></span>olidate<span class=\"_ _0\"></span>d fin<span class=\"_ _0\"></span>ancia<span class=\"_ _0\"></span>l statem<span class=\"_ _0\"></span>ents of Graf<span class=\"_ _0\"></span>ton G<span class=\"_ _0\"></span>roup pl<span class=\"_ _0\"></span>c have be<span class=\"_ _0\"></span>en pre<span class=\"_ _0\"></span>pare<span class=\"_ _0\"></span>d in acc<span class=\"_ _0\"></span>orda<span class=\"_ _0\"></span>nce wi<span class=\"_ _0\"></span>th Inter<span class=\"_ _0\"></span>natio<span class=\"_ _0\"></span>nal Fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al Rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng S<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>dards<span class=\"_ _363\"> </span> (\u201c<span class=\"_ _0\"></span>IFR<span class=\"_ _0\"></span>Ss<span class=\"_ _0\"></span>\u201d<span class=\"_ _0\"></span>) as ad<span class=\"_ _0\"></span>opted by th<span class=\"_ _0\"></span>e Europ<span class=\"_ _0\"></span>ean Un<span class=\"_ _0\"></span>ion (<span class=\"_ _0\"></span>\u201c<span class=\"_ _0\"></span>EU<span class=\"_ _0\"></span>\u201d<span class=\"_ _3\"></span>). The IF<span class=\"_ _0\"></span>RS<span class=\"_ _0\"></span>s appli<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>hese f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial s<span class=\"_ _0\"></span>tateme<span class=\"_ _0\"></span>nts were th<span class=\"_ _0\"></span>ose ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve for acc<span class=\"_ _0\"></span>ount<span class=\"_ _0\"></span>ing pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>ds<span class=\"_ _363\"> </span> endin<span class=\"_ _0\"></span>g on 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>New Standards, A<span class=\"_ _2\"></span>men<span class=\"_ _0\"></span>dments and<span class=\"_ _2\"></span> I<span class=\"_ _0\"></span>nterpretations<span class=\"_ _363\"> </span>A numb<span class=\"_ _0\"></span>er of new s<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>ards and a<span class=\"_ _0\"></span>mend<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s to stand<span class=\"_ _0\"></span>ards and inte<span class=\"_ _0\"></span>rpre<span class=\"_ _0\"></span>tatio<span class=\"_ _0\"></span>ns are ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive for a<span class=\"_ _0\"></span>nnual p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iods b<span class=\"_ _0\"></span>egin<span class=\"_ _0\"></span>ning af<span class=\"_ _0\"></span>ter 1 Jan<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2,<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>and have be<span class=\"_ _0\"></span>en a<span class=\"_ _0\"></span>pplie<span class=\"_ _0\"></span>d in pre<span class=\"_ _0\"></span>pari<span class=\"_ _0\"></span>ng the<span class=\"_ _0\"></span>se f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial st<span class=\"_ _0\"></span>atements<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he followin<span class=\"_ _0\"></span>g S<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>ards and Inte<span class=\"_ _0\"></span>rpre<span class=\"_ _0\"></span>tati<span class=\"_ _0\"></span>ons are ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ctive fo<span class=\"_ _0\"></span>r the Gro<span class=\"_ _0\"></span>up and p<span class=\"_ _0\"></span>arent<span class=\"_ _363\"> </span> com<span class=\"_ _0\"></span>pany in 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 but d<span class=\"_ _0\"></span>o not have a mater<span class=\"_ _0\"></span>ial ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t on the re<span class=\"_ _0\"></span>sults o<span class=\"_ _0\"></span>r fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial posi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the Gro<span class=\"_ _0\"></span>up or pa<span class=\"_ _0\"></span>rent co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IA<span class=\"_ _0\"></span>S 1<span class=\"_ _2\"></span>6 (<span class=\"_ _0\"></span>Am<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ments) <span class=\"_ _c6\"> </span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, Plant &amp; Equipm<span class=\"_ _0\"></span>ent (Ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ctive 1 J<span class=\"_ _0\"></span>anuar<span class=\"_ _3\"></span>y 202<span class=\"_ _0\"></span>2)<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IA<span class=\"_ _0\"></span>S 37 (A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>ents) <span class=\"_ _134\"> </span>Prov<span class=\"_ _0\"></span>isions<span class=\"_ _0\"></span>, C<span class=\"_ _0\"></span>onting<span class=\"_ _0\"></span>ent L<span class=\"_ _0\"></span>iabili<span class=\"_ _0\"></span>ties &amp; C<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>inge<span class=\"_ _0\"></span>nt Ass<span class=\"_ _0\"></span>ets (Ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ctive 1 J<span class=\"_ _0\"></span>anuar<span class=\"_ _3\"></span>y 202<span class=\"_ _0\"></span>2)<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IFR<span class=\"_ _0\"></span>S 9 (A<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts) <span class=\"_ _c5\"> </span>F<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial Inst<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>ments (<span class=\"_ _0\"></span>Effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve 1 Janua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>22)<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IFR<span class=\"_ _0\"></span>S 3 (A<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts) <span class=\"_ _c5\"> </span>B<span class=\"_ _0\"></span>usine<span class=\"_ _0\"></span>ss Co<span class=\"_ _0\"></span>mbinat<span class=\"_ _0\"></span>ions (<span class=\"_ _0\"></span>Ef<span class=\"_ _0\"></span>fecti<span class=\"_ _0\"></span>ve 1 Janua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>22)<span class=\"_ _363\"> </span></span>New Standards, A<span class=\"_ _2\"></span>men<span class=\"_ _0\"></span>dments and<span class=\"_ _2\"></span> I<span class=\"_ _0\"></span>nterpretations<span class=\"_ _4\"></span> not y<span class=\"_ _2\"></span>et adopted<span class=\"_ _363\"> </span>A numb<span class=\"_ _0\"></span>er of new s<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>ards and a<span class=\"_ _0\"></span>mend<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s to stand<span class=\"_ _0\"></span>ards and inte<span class=\"_ _0\"></span>rpre<span class=\"_ _0\"></span>tatio<span class=\"_ _0\"></span>ns are ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive for a<span class=\"_ _0\"></span>nnual p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iods b<span class=\"_ _0\"></span>egin<span class=\"_ _0\"></span>ning af<span class=\"_ _0\"></span>ter 1 Jan<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>023<span class=\"_ _0\"></span>, <span class=\"ls2\"> </span>and have not b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n appli<span class=\"_ _0\"></span>ed in p<span class=\"_ _0\"></span>repar<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>ese f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts. T<span class=\"_ _0\"></span>he foll<span class=\"_ _0\"></span>owing S<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>dards an<span class=\"_ _0\"></span>d Interp<span class=\"_ _0\"></span>retati<span class=\"_ _0\"></span>ons are n<span class=\"_ _0\"></span>ot yet ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive for t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up<span class=\"_ _363\"> </span> and pare<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>mpany an<span class=\"_ _0\"></span>d are not ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted to have a mater<span class=\"_ _0\"></span>ial ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t on th<span class=\"_ _0\"></span>e result<span class=\"_ _0\"></span>s or f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial pos<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n of the Gro<span class=\"_ _0\"></span>up or p<span class=\"_ _0\"></span>arent c<span class=\"_ _0\"></span>ompa<span class=\"_ _0\"></span>ny:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IA<span class=\"_ _0\"></span>S 1 (A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndme<span class=\"_ _0\"></span>nts) <span class=\"_ _40\"> </span>P<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>ntatio<span class=\"_ _0\"></span>n of Finan<span class=\"_ _0\"></span>cial S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s (Ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive 1 Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>23)<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IA<span class=\"_ _0\"></span>S 8 (A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndme<span class=\"_ _0\"></span>nts) <span class=\"_ _40\"> </span>A<span class=\"_ _0\"></span>cco<span class=\"_ _0\"></span>untin<span class=\"_ _0\"></span>g Polic<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, Chan<span class=\"_ _0\"></span>ges in A<span class=\"_ _0\"></span>cco<span class=\"_ _0\"></span>untin<span class=\"_ _0\"></span>g Esti<span class=\"_ _0\"></span>mates &amp; Er<span class=\"_ _0\"></span>rors (<span class=\"_ _0\"></span>Ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive 1 Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>23)<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IA<span class=\"_ _0\"></span>S 1<span class=\"_ _2\"></span>2 (<span class=\"_ _0\"></span>Am<span class=\"_ _0\"></span>endm<span class=\"_ _0\"></span>ents)  <span class=\"_ _9a\"> </span>In<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e T<span class=\"_ _2\"></span>axes (Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive 1 Ja<span class=\"_ _0\"></span>nuar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3)<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _2\"></span>6 (A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>ents)  <span class=\"_ _3f\"> </span>Leases (Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive 1 Jan<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>23)<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _2\"></span>7 <span class=\"_ _5d\"> </span> <span class=\"_ _6c\"> </span> <span class=\"_ _63\"> </span>I<span class=\"_ _0\"></span>nsuran<span class=\"_ _0\"></span>ce C<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts (Ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve 1 Januar<span class=\"_ _3\"></span>y 202<span class=\"_ _0\"></span>3)<span class=\"_ _363\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-647": {
   "value": "New Standards, A<span class=\"_ _2\"></span>men<span class=\"_ _0\"></span>dments and<span class=\"_ _2\"></span> I<span class=\"_ _0\"></span>nterpretations<span class=\"_ _363\"> </span>A numb<span class=\"_ _0\"></span>er of new s<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>ards and a<span class=\"_ _0\"></span>mend<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s to stand<span class=\"_ _0\"></span>ards and inte<span class=\"_ _0\"></span>rpre<span class=\"_ _0\"></span>tatio<span class=\"_ _0\"></span>ns are ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive for a<span class=\"_ _0\"></span>nnual p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iods b<span class=\"_ _0\"></span>egin<span class=\"_ _0\"></span>ning af<span class=\"_ _0\"></span>ter 1 Jan<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2,<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>and have be<span class=\"_ _0\"></span>en a<span class=\"_ _0\"></span>pplie<span class=\"_ _0\"></span>d in pre<span class=\"_ _0\"></span>pari<span class=\"_ _0\"></span>ng the<span class=\"_ _0\"></span>se f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial st<span class=\"_ _0\"></span>atements<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>he followin<span class=\"_ _0\"></span>g S<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>ards and Inte<span class=\"_ _0\"></span>rpre<span class=\"_ _0\"></span>tati<span class=\"_ _0\"></span>ons are ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ctive fo<span class=\"_ _0\"></span>r the Gro<span class=\"_ _0\"></span>up and p<span class=\"_ _0\"></span>arent<span class=\"_ _363\"> </span> com<span class=\"_ _0\"></span>pany in 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 but d<span class=\"_ _0\"></span>o not have a mater<span class=\"_ _0\"></span>ial ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t on the re<span class=\"_ _0\"></span>sults o<span class=\"_ _0\"></span>r fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial posi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of the Gro<span class=\"_ _0\"></span>up or pa<span class=\"_ _0\"></span>rent co<span class=\"_ _0\"></span>mpa<span class=\"_ _0\"></span>ny:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IA<span class=\"_ _0\"></span>S 1<span class=\"_ _2\"></span>6 (<span class=\"_ _0\"></span>Am<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ments) <span class=\"_ _c6\"> </span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, Plant &amp; Equipm<span class=\"_ _0\"></span>ent (Ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ctive 1 J<span class=\"_ _0\"></span>anuar<span class=\"_ _3\"></span>y 202<span class=\"_ _0\"></span>2)<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IA<span class=\"_ _0\"></span>S 37 (A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>ents) <span class=\"_ _134\"> </span>Prov<span class=\"_ _0\"></span>isions<span class=\"_ _0\"></span>, C<span class=\"_ _0\"></span>onting<span class=\"_ _0\"></span>ent L<span class=\"_ _0\"></span>iabili<span class=\"_ _0\"></span>ties &amp; C<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>inge<span class=\"_ _0\"></span>nt Ass<span class=\"_ _0\"></span>ets (Ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>ctive 1 J<span class=\"_ _0\"></span>anuar<span class=\"_ _3\"></span>y 202<span class=\"_ _0\"></span>2)<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IFR<span class=\"_ _0\"></span>S 9 (A<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts) <span class=\"_ _c5\"> </span>F<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial Inst<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>ments (<span class=\"_ _0\"></span>Effe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve 1 Janua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>22)<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IFR<span class=\"_ _0\"></span>S 3 (A<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>dme<span class=\"_ _0\"></span>nts) <span class=\"_ _c5\"> </span>B<span class=\"_ _0\"></span>usine<span class=\"_ _0\"></span>ss Co<span class=\"_ _0\"></span>mbinat<span class=\"_ _0\"></span>ions (<span class=\"_ _0\"></span>Ef<span class=\"_ _0\"></span>fecti<span class=\"_ _0\"></span>ve 1 Janua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>22)<span class=\"_ _363\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-648": {
   "value": "New Standards, A<span class=\"_ _2\"></span>men<span class=\"_ _0\"></span>dments and<span class=\"_ _2\"></span> I<span class=\"_ _0\"></span>nterpretations<span class=\"_ _4\"></span> not y<span class=\"_ _2\"></span>et adopted<span class=\"_ _363\"> </span>A numb<span class=\"_ _0\"></span>er of new s<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>ards and a<span class=\"_ _0\"></span>mend<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s to stand<span class=\"_ _0\"></span>ards and inte<span class=\"_ _0\"></span>rpre<span class=\"_ _0\"></span>tatio<span class=\"_ _0\"></span>ns are ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive for a<span class=\"_ _0\"></span>nnual p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iods b<span class=\"_ _0\"></span>egin<span class=\"_ _0\"></span>ning af<span class=\"_ _0\"></span>ter 1 Jan<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>023<span class=\"_ _0\"></span>, <span class=\"ls2\"> </span>and have not b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n appli<span class=\"_ _0\"></span>ed in p<span class=\"_ _0\"></span>repar<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>ese f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts. T<span class=\"_ _0\"></span>he foll<span class=\"_ _0\"></span>owing S<span class=\"_ _0\"></span>tan<span class=\"_ _0\"></span>dards an<span class=\"_ _0\"></span>d Interp<span class=\"_ _0\"></span>retati<span class=\"_ _0\"></span>ons are n<span class=\"_ _0\"></span>ot yet ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive for t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up<span class=\"_ _363\"> </span> and pare<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>mpany an<span class=\"_ _0\"></span>d are not ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted to have a mater<span class=\"_ _0\"></span>ial ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t on th<span class=\"_ _0\"></span>e result<span class=\"_ _0\"></span>s or f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial pos<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n of the Gro<span class=\"_ _0\"></span>up or p<span class=\"_ _0\"></span>arent c<span class=\"_ _0\"></span>ompa<span class=\"_ _0\"></span>ny:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IA<span class=\"_ _0\"></span>S 1 (A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndme<span class=\"_ _0\"></span>nts) <span class=\"_ _40\"> </span>P<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>ntatio<span class=\"_ _0\"></span>n of Finan<span class=\"_ _0\"></span>cial S<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>s (Ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive 1 Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>23)<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IA<span class=\"_ _0\"></span>S 8 (A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndme<span class=\"_ _0\"></span>nts) <span class=\"_ _40\"> </span>A<span class=\"_ _0\"></span>cco<span class=\"_ _0\"></span>untin<span class=\"_ _0\"></span>g Polic<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, Chan<span class=\"_ _0\"></span>ges in A<span class=\"_ _0\"></span>cco<span class=\"_ _0\"></span>untin<span class=\"_ _0\"></span>g Esti<span class=\"_ _0\"></span>mates &amp; Er<span class=\"_ _0\"></span>rors (<span class=\"_ _0\"></span>Ef<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ive 1 Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>23)<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IA<span class=\"_ _0\"></span>S 1<span class=\"_ _2\"></span>2 (<span class=\"_ _0\"></span>Am<span class=\"_ _0\"></span>endm<span class=\"_ _0\"></span>ents)  <span class=\"_ _9a\"> </span>In<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e T<span class=\"_ _2\"></span>axes (Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive 1 Ja<span class=\"_ _0\"></span>nuar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>3)<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _2\"></span>6 (A<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>ndm<span class=\"_ _0\"></span>ents)  <span class=\"_ _3f\"> </span>Leases (Ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive 1 Jan<span class=\"_ _0\"></span>uar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>23)<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _2\"></span>7 <span class=\"_ _5d\"> </span> <span class=\"_ _6c\"> </span> <span class=\"_ _63\"> </span>I<span class=\"_ _0\"></span>nsuran<span class=\"_ _0\"></span>ce C<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts (Ef<span class=\"_ _0\"></span>fe<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve 1 Januar<span class=\"_ _3\"></span>y 202<span class=\"_ _0\"></span>3)<span class=\"_ _363\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-583": {
   "value": "Basis of Preparation The consolidated Financial Statements are presented in sterling, rounded to the nearest thousand. As set out in the Directors\u2019 Report on Corporate  Governance the Directors, having made appropriate enquiries, believe that the Company and the Group as a whole has adequate resources to  continue in operational existence for the foreseeable future, being 12 months from the date of approval of the financial statements and, for this  reason, they continue to adopt the going concern basis in preparing the financial statements. The Statements have been prepared under the  historical cost convention, as modified by the previous revaluation of land and buildings, the measurement at fair value of share-based payments  at initial date of award, the measurement at fair value of all derivative financial instruments and the measurement at fair value of investment property. Assets classified as held for sale are stated at the lower of carrying value and fair value less costs to sell. The carrying values of recognised assets and liabilities that are fair value hedged are adjusted to record changes in the fair values attributable to the risks that are being hedged. The preparation of consolidated financial statements in accordance with IFRS as adopted by the EU requires management to make certain estimates  and assumptions that affect the application of accounting policies and the reported amount of assets, liabilities, income and expense. Management  believes that the estimates and assumptions made are reasonable based on the information available to it at the time that those estimates and assumptions are made. The areas involving a high degree of judgement or complexity, or areas where assumptions and estimates are significant in relation to the consolidated financial statements are set out in Note 32 and relate primarily to valuation of inventory, accounting for defined benefit  pension schemes, goodwill impairment, rebate income and IFRS 16 \u201cleases\u201d. In preparing the financial statements, the Directors have also considered the current and potential impact of climate change. Costs associated with projects to improve energy efficiency and reduce carbon emissions have been absorbed within operating expenses and capital expenditure  and have not been material during the year. There has been no material impact on the net realisable value of inventory or the carrying value of  fixed assets in this year\u2019s financial statements as a result of climate change. These considerations did not have a material impact on the financial  reporting judgements and estimates in the current year, specifically in the impairment and going concern analysis. The Group\u2019s analysis of the impact of climate change continues to evolve with Grafton committed to reducing its carbon impact. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-584": {
   "value": "Basis of Consolidation The consolidated financial statements include the financial statements of the Company and all subsidiaries drawn up to 31 December each year. The financial year-end of the Group\u2019s subsidiaries are coterminous. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-585": {
   "value": "Subsidiaries The financial statements of subsidiaries are included in the consolidated financial statements from the date on which control is obtained and they cease to be consolidated from the date on which the Group loses control. The definition of control is when the Group is exposed to, or has rights to,  variable returns from its involvement with the entity and has the ability to affect these returns through its power over the entity. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-586": {
   "value": "Transactions Eliminated on Consolidation Intra-group balances and transactions, and any unrealised gains and income and expenses arising from such transactions, are eliminated in  preparing the consolidated financial statements. Unrealised losses are eliminated in the same way as unrealised gains, but only to the extent  that there is no evidence of impairment. ",
   "dimensions": {
    "concept": "graftongroupplc:DescriptionOfAccountingPolicyForTransactionsEliminatedOnConsolidation",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-588": {
   "value": "Revenue Recognition Revenue comprises the fair value of consideration receivable for goods and services supplied to external customers in the ordinary course of the Group\u2019s activities and excludes inter-company revenue and value added tax. In general, revenue is recognised to the extent that the Group has satisfied its performance obligations to the buyer and the buyer has obtained control of the goods or services being transferred. In the case of sales of goods, this generally arises when products have either been delivered to  or collected by a customer and there is no unfulfilled obligation that could affect the acceptance of the products. Service revenue comprises tool hire revenue and is recognised over the period of hire. Revenues are recorded based on the price specified in the sales invoices/contracts net of actual and estimated returns, rebates and any discounts granted and in accordance with the terms of sale. Accumulated experience is used to estimate returns, rebates and discounts using the expected value method and revenue is only recognised to the extent that it is highly probable that a significant reversal will not occur. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-589": {
   "value": "Segment Reporting An operating segment is a component of the Group that engages in business activities from which it may earn revenues and incur expenses  for which discrete financial information is available, including revenues and expenses that relate to transactions with any of the Group\u2019s other components. All operating segments\u2019 operating results are reviewed regularly by the Group\u2019s Chief Operating Decision Maker, being the Board,  who is responsible for allocating resources and assessing performance. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSegmentReportingExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-590": {
   "value": "Foreign Currency Translation Functional and Presentation Currency The consolidated financial statements are presented in sterling. Items included in the financial statements of each of the Group\u2019s entities are measured using its functional currency, being the currency of the primary economic environment in which the entity operates which is primarily euro and sterling. The functional currency of the parent company is euro. Transactions and Balances Transactions in foreign currencies are recorded at the rate of exchange ruling at the date of the transaction. Monetary assets and liabilities denominated in foreign currencies are retranslated to the relevant functional currency at the rate of exchange ruling at the balance sheet date. All currency translation differences on monetary assets and liabilities are taken to the income statement except for the effective portion  designated as a hedge of a net investment in a foreign operation which is recognised in other comprehensive income. Foreign Operations The assets and liabilities of foreign operations, including goodwill arising on consolidation, are translated to sterling at the foreign exchange rates ruling at the balance sheet date. Results and cash flows of subsidiaries which do not have sterling as their functional currency are translated into sterling at average exchange rates for the year and the related balance sheets are translated at the rates of exchange ruling at the balance sheet date. Foreign exchange movements arising on translation of the net investment in a foreign operation, including those arising on long term intra-Group loans deemed to be quasi equity in nature, are recognised directly in other comprehensive income, in the currency translation  reserve. The portion of exchange gains or losses on foreign currency borrowings or derivatives used to provide a hedge against a net investment  in a foreign operation that is designated as a hedge of those investments is recognised directly in other comprehensive income to the extent that they are determined to be effective. The ineffective portion is recognised immediately in the income statement. Movements since 1 January 2004, the date of transition to IFRS, are recognised in the currency translation reserve and are reclassified to the income statement on disposal of the related business. Share Capital and Share Premium The company\u2019s share capital and share premium has been translated from euro into sterling at historic rates of exchange at the dates of transactions. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-649": {
   "value": "Functional and Presentation Currency The consolidated financial statements are presented in sterling. Items included in the financial statements of each of the Group\u2019s entities are measured using its functional currency, being the currency of the primary economic environment in which the entity operates which is primarily euro and sterling. The functional currency of the parent company is euro. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-591": {
   "value": "Exceptional Items and Non-recurring Items The Group has adopted a policy in relation to its income statement which seeks to highlight significant items within the Group\u2019s results. Such items may include significant restructuring and onerous lease provisions, profit or loss on disposal or termination of operations, litigation costs and settlements and impairment of assets. Judgement is used by the Group in assessing the particular items which, by virtue of their scale and nature, should be disclosed in the income statement or related notes. Where exceptional items are not significant for separate presentation, they are disclosed as non-recurring items. Property profit is disclosed as a separate line item on the face of the Income Statement. Property profit arises when the proceeds, less costs to sell, exceed the carrying value of the disposed property. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExceptionalItemsExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-592": {
   "value": "Rebate Arrangements Rebate arrangements are a common component of supplier agreements in the merchanting industry. As part of its on-going business activities, Grafton Group plc has entered into such arrangements with a significant number of its suppliers. Supplier rebates received and receivable in respect of goods which have been sold to the Group\u2019s customers are deducted from cost of sales in  the income statement. Where goods on which rebate has been earned remain in inventory at the year-end, an appropriate rebate deduction is  made from the gross balance sheet carrying value of that inventory. The rebate deduction is only released to the income statement when the  goods are ultimately sold. At the year-end the balance sheet includes a balance representing unpaid amounts receivable from suppliers. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDiscountsAndRebatesExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-651": {
   "value": "Finance Expense Finance expense comprises interest payable on borrowings calculated using the effective interest rate method, net foreign exchange losses on monetary items and gains and losses on hedging instruments that are recognised in the income statement. The net finance cost of pension scheme obligations is recognised as a finance expense in the income statement. The interest expense component of lease payments is recognised in the income statement using the effective interest rate method. Where appropriate the fair value adjustment to hedged items that are the subject of a fair value hedge is included as a finance expense or finance income. Borrowing costs that are not directly attributable to the acquisition, construction or production of a qualifying asset are recognised in the income statement as incurred using the effective interest rate method. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-593": {
   "value": "Finance Expense Finance expense comprises interest payable on borrowings calculated using the effective interest rate method, net foreign exchange losses on monetary items and gains and losses on hedging instruments that are recognised in the income statement. The net finance cost of pension scheme obligations is recognised as a finance expense in the income statement. The interest expense component of lease payments is recognised in the income statement using the effective interest rate method. Where appropriate the fair value adjustment to hedged items that are the subject of a fair value hedge is included as a finance expense or finance income. Borrowing costs that are not directly attributable to the acquisition, construction or production of a qualifying asset are recognised in the income statement as incurred using the effective interest rate method. Finance Income Finance income comprises interest income on cash and cash equivalents, dividend income, gains on the disposal of financial assets, and gains  on hedging instruments that are recognised in profit or loss. The net expected return on defined benefit pension scheme plan assets is recognised as finance income in the income statement. Interest income is recognised in the income statement as it accrues using the effective interest rate method. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-594": {
   "value": "Business Combinations Business combinations are accounted for using the acquisition method as at the acquisition date, which is the date on which control is transferred to the Group. Control is defined as when the Group is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect these returns through its power over the entity. The Group measures goodwill at the acquisition date as: \u2022  The fair value of the consideration transferred; plus \u2022  The recognised amount of any non-controlling interests in the acquiree; plus \u2022  If the business combination is achieved in stages, the fair value of the existing equity interest in the acquiree; less \u2022  The net recognised amount (generally fair value) of the identifiable assets acquired and liabilities assumed. When the excess is negative, a bargain purchase gain is recognised immediately in the income statement. The consideration transferred does  not include amounts related to the settlement of the pre-existing relationships. Such amounts are generally recognised in the income statement. Costs related to the acquisition, other than those associated with the issue of debt or equity securities, that the Group incurs in connection with a business combination are expensed as incurred. Any contingent consideration payable is recognised at fair value at the acquisition date. If the contingent consideration is classified as equity,  it is not re-measured and settlement is accounted for within equity. Otherwise, subsequent changes to the fair value of the contingent consideration are recognised in the income statement. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-650": {
   "value": "Goodwill Goodwill is the excess of the consideration paid over the fair value of the identifiable assets, liabilities and contingent liabilities in a business combination and relates to assets which are not capable of being individually identified and separately recognised. Goodwill acquired is allocated, at acquisition date, to the groups of Cash Generating Units (\u201cCGUs\u201d) expected to benefit from synergies related  to the acquisition. Where management reassesses its groups of CGUs, goodwill is reallocated on a relative value basis. Goodwill is measured at cost less accumulated impairment losses. The CGUs represent the lowest level within the Group at which goodwill is monitored for internal management purposes. These units are no larger than the operating segments determined in accordance with IFRS 8:  Operating Segments. Goodwill is subject to impairment testing on an annual basis and at any time during the year if an indicator of impairment exists. Where the recoverable amount of a cash generating unit is less than the carrying amount, an impairment loss is recognised. Impairment losses arising in respect of goodwill are not reversed once recognised. Where a business is disposed of from a CGU to which goodwill had been allocated on acquisition, an allocation is made to the disposed business and included in determining the profit or loss arising on disposal. The allocation of goodwill to the disposed business is determined on the basis of the fair value of the disposed business relative to the fair value of the portion of the CGU retained. Fair value of the disposed business is based on the disposal consideration and fair value of the portion of the CGU retained is determined on a value in use basis. Intangible Assets (Computer Software) Acquired computer software, including computer software which is not an integrated part of an item of computer hardware, is stated at cost less any accumulated amortisation and any accumulated impairment losses. Cost comprises of purchase price and any other directly attributable costs. Computer software is recognised if it meets the following criteria: \u2022  An asset can be separately identified; \u2022  It is probable that the asset created will generate future economic benefits; \u2022  The development cost of the asset can be measured reliably; \u2022  The completion and implementation of the asset is technically feasible; \u2022  It is probable that the expected future economic benefits that are attributable to the asset will flow to the entity; and \u2022  The cost of the asset can be measured reliably. Intangible Assets (other than Goodwill and Computer Software) Costs relating to the development of computer software for internal use are capitalised once the recognition criteria outlined above are met. Computer software is amortised over its expected useful life, which ranges from 4 to 10 years, by charging equal instalments to the income statement from the date the assets are ready for use. An intangible asset, other than goodwill and computer software, is recognised to the extent that it is probable that the expected future economic benefits attributable to the asset will flow to the Group and that its fair value can be measured. The asset is deemed to be identifiable when it is separable (i.e. capable of being divided from the entity and sold, transferred, licensed, rented or exchanged, either individually or together with a related contract, asset or liability) or when it arises from contractual or other legal rights, regardless of whether those rights are transferable or separable from the Group or from other rights and obligations. Intangible assets acquired as part of a business combination are capitalised separately from goodwill at fair value on the date of acquisition if the intangible asset meets the definition of an asset and the fair value can be reliably measured. Intangible assets are carried at cost less any accumulated amortisation and any accumulated impairment losses. The carrying value of intangible assets is reviewed for impairment at each reporting date and is also subject to impairment testing when events or changes in circumstances indicate that the carrying values may not be recoverable. Intangible assets are amortised on a straight-line basis. In general, finite life intangible assets are amortised over periods ranging from one to twenty years, depending on the nature of the intangible asset. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-595": {
   "value": "Goodwill Goodwill is the excess of the consideration paid over the fair value of the identifiable assets, liabilities and contingent liabilities in a business combination and relates to assets which are not capable of being individually identified and separately recognised. Goodwill acquired is allocated, at acquisition date, to the groups of Cash Generating Units (\u201cCGUs\u201d) expected to benefit from synergies related  to the acquisition. Where management reassesses its groups of CGUs, goodwill is reallocated on a relative value basis. Goodwill is measured at cost less accumulated impairment losses. The CGUs represent the lowest level within the Group at which goodwill is monitored for internal management purposes. These units are no larger than the operating segments determined in accordance with IFRS 8:  Operating Segments. Goodwill is subject to impairment testing on an annual basis and at any time during the year if an indicator of impairment exists. Where the recoverable amount of a cash generating unit is less than the carrying amount, an impairment loss is recognised. Impairment losses arising in respect of goodwill are not reversed once recognised. Where a business is disposed of from a CGU to which goodwill had been allocated on acquisition, an allocation is made to the disposed business and included in determining the profit or loss arising on disposal. The allocation of goodwill to the disposed business is determined on the basis of the fair value of the disposed business relative to the fair value of the portion of the CGU retained. Fair value of the disposed business is based on the disposal consideration and fair value of the portion of the CGU retained is determined on a value in use basis. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-596": {
   "value": "Intangible Assets (Computer Software) Acquired computer software, including computer software which is not an integrated part of an item of computer hardware, is stated at cost less any accumulated amortisation and any accumulated impairment losses. Cost comprises of purchase price and any other directly attributable costs. Computer software is recognised if it meets the following criteria: \u2022  An asset can be separately identified; \u2022  It is probable that the asset created will generate future economic benefits; \u2022  The development cost of the asset can be measured reliably; \u2022  The completion and implementation of the asset is technically feasible; \u2022  It is probable that the expected future economic benefits that are attributable to the asset will flow to the entity; and \u2022  The cost of the asset can be measured reliably. Intangible Assets (other than Goodwill and Computer Software) Costs relating to the development of computer software for internal use are capitalised once the recognition criteria outlined above are met. Computer software is amortised over its expected useful life, which ranges from 4 to 10 years, by charging equal instalments to the income statement from the date the assets are ready for use. An intangible asset, other than goodwill and computer software, is recognised to the extent that it is probable that the expected future economic benefits attributable to the asset will flow to the Group and that its fair value can be measured. The asset is deemed to be identifiable when it is separable (i.e. capable of being divided from the entity and sold, transferred, licensed, rented or exchanged, either individually or together with a related contract, asset or liability) or when it arises from contractual or other legal rights, regardless of whether those rights are transferable or separable from the Group or from other rights and obligations. Intangible assets acquired as part of a business combination are capitalised separately from goodwill at fair value on the date of acquisition if the intangible asset meets the definition of an asset and the fair value can be reliably measured. Intangible assets are carried at cost less any accumulated amortisation and any accumulated impairment losses. The carrying value of intangible assets is reviewed for impairment at each reporting date and is also subject to impairment testing when events or changes in circumstances indicate that the carrying values may not be recoverable. Intangible assets are amortised on a straight-line basis. In general, finite life intangible assets are amortised over periods ranging from one to twenty years, depending on the nature of the intangible asset. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-597": {
   "value": "Property, Plant and Equipment Property, plant and equipment are stated at cost or deemed cost less accumulated depreciation and impairment losses. The Group\u2019s freehold properties in Ireland were revalued to fair value in 1998 and are measured on the basis of deemed cost being the revalued amount at the date  of that revaluation less accumulated depreciation. The valuations were deemed to be cost for the purposes of transition to IFRS as adopted  by the EU. Property, plant and equipment are depreciated over their useful economic life on a straight line basis at the following rates: Freehold buildings 50 \u2013 100 years Freehold land Not depreciated Leasehold buildings Lease term or up to 100 years Plant and machinery 5 \u2013 20 years Motor vehicles 5 \u2013 10 years Plant hire equipment 4 \u2013 10 years The residual value and useful lives of property, plant and equipment are reviewed and adjusted if appropriate at each balance sheet date. On disposal of property, plant and equipment, the cost and related accumulated depreciation and impairments are removed from the balance  sheet and the net amount, less any proceeds, is taken to the income statement. The carrying amounts of the Group\u2019s property, plant and equipment are reviewed at each balance sheet date to determine whether there is any indication of impairment. An impairment loss is recognised whenever the carrying amount of an asset or its cash generation unit exceeds its recoverable amount. Impairment losses are recognised in the income statement. Cost includes expenditure that is directly attributable to the acquisition of the asset. Subsequent costs are included in an asset\u2019s carrying amount  or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of replacing the item can be reliably measured. All other repair and maintenance costs are charged to the income statement during the financial period in which they are incurred. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-652": {
   "value": "Property, plant and equipment are depreciated over their useful economic life on a straight line basis at the following rates: Freehold buildings 50 \u2013 100 years Freehold land Not depreciated Leasehold buildings Lease term or up to 100 years Plant and machinery 5 \u2013 20 years Motor vehicles 5 \u2013 10 years Plant hire equipment 4 \u2013 10 years The residual value and useful lives of property, plant and equipment are reviewed and adjusted if appropriate at each balance sheet date. On disposal of property, plant and equipment, the cost and related accumulated depreciation and impairments are removed from the balance  sheet and the net amount, less any proceeds, is taken to the income statement. The carrying amounts of the Group\u2019s property, plant and equipment are reviewed at each balance sheet date to determine whether there is any indication of impairment. An impairment loss is recognised whenever the carrying amount of an asset or its cash generation unit exceeds its recoverable amount. Impairment losses are recognised in the income statement. Cost includes expenditure that is directly attributable to the acquisition of the asset. Subsequent costs are included in an asset\u2019s carrying amount  or recognised as a separate asset, as appropriate, only when it is probable that future economic benefits associated with the item will flow to the Group and the cost of replacing the item can be reliably measured. All other repair and maintenance costs are charged to the income statement during the financial period in which they are incurred. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-598": {
   "value": "Leases Identification of Leases The identification of leases involves judgement as IFRS 16 defines a lease as a contract (or part of a contract) that, for a period of time in exchange for consideration, conveys the right to: \u2022  Control an identified asset; \u2022  Obtain substantially all economic benefits from use of the asset; and \u2022  Direct the use of the asset Leases continued Lease Term The lease term is the non-cancellable period for which the Group has the right to use an underlying asset together with: \u2022  Periods covered by an option to extend the lease if the Group is reasonably certain to exercise that option; and \u2022  Periods covered by an option to terminate the lease if the Group is reasonably certain not to exercise that option. This assessment involves  the exercise of judgement by the Group. Initial Measurement of Lease Liability The lease liability is initially measured at the present value of the lease payments that are payable for the lease term, discounted using the incremental borrowing rate. Lease payments included in the measurement of the lease liability comprise: \u2022  Fixed lease payments (including in-substance fixed payments); \u2022  Variable lease payments that depend on an index or rate, initially measured using the index or rate at the commencement date; \u2022  The amount expected to be payable by the lessee under residual value guarantees (e.g. if the fair value of the asset at the end of the lease term  is below an agreed amount, the lessee would pay to the lessor an amount equal to the difference between the fair value and agreed amount); \u2022  The exercise price of purchase options, if the lessee is reasonably certain to exercise the options; and \u2022  payments of penalties for terminating the lease, if the lease term reflects the exercise of an option to terminate the lease. The lease liability does not include variable elements which are dependent on external factors, e.g. payments that are based on turnover. Instead, such variable elements are recognised directly in the income statement. Judgements applied include determining the lease term for those leases with termination or extension options and the discount rate used which  is based on incremental borrowing rate. Such judgements could impact the lease term and significantly the resultant lease liability and right-of-use asset recognised. Where a lease agreement contains a clause to restore the asset to a specified condition i.e. dilapidation costs, the Group recognises a provision for dilapidations under IAS 37 in its balance sheet. Initial Measurement of Right-of-Use Asset The right-of-use asset comprises the amount of the initial measurement of the lease liability, adjusted for: \u2022  Any lease payments made at or before the commencement date, less any lease incentives; and \u2022  Any initial direct costs incurred by the Group. In addition, where the Group subleases a headlease (or part thereof) to a third party and such sublease is deemed by the Group to be a finance sublease, the right-of-use asset relating to sublease is derecognised and a finance lease receivable is recognised. Subsequent Measurement of Lease Liability The lease liability is subsequently measured by increasing the carrying amount to reflect interest on the lease liability (using the effective interest method) and by reducing the carrying amount to reflect the lease payments made. The Group remeasures the lease liability (and makes a corresponding adjustment to the related right-of-use asset) whenever: \u2022  The lease term has changed or there is a change in the assessment of exercise of a purchase option, in which case the lease liability is remeasured by discounting the revised lease payments using a revised discount rate; \u2022  The lease payments change due to changes in an index or rate or a change in expected payment under a guaranteed residual value, in which cases the lease liability is remeasured by discounting the revised lease payments using the initial discount rate (unless the lease payments change is due to a change in a floating interest rate, in which case a revised discount rate is used); and \u2022  A lease contract is modified and the lease modification is not accounted for as a separate lease, in which case the lease liability is remeasured  by discounting the revised lease payments using a revised discount rate. The Group did not make any material adjustments outlined above during the periods presented. Subsequent Measurement of Right-of-Use Asset After initial measurement, the right-of-use assets are measured at cost less accumulated depreciation, adjusted for: \u2022  Any impairment losses in accordance with IAS 36 Impairment of Assets; and \u2022  Any remeasurement of the lease liability. Right-of-use assets are depreciated over the shorter period of the lease term and useful life of the underlying asset. If a lease transfers ownership of the underlying asset or the cost of the right-of-use asset reflects that the Group expects to exercise a purchase option, the related right-of-use asset is depreciated over the useful life of the underlying asset. Leases continued Lease modifications A lease modification is a change to the original terms and conditions of the lease. The effective date of the modification is deemed to be the date when both parties agree to a lease modification. A lease modification is accounted for as a separate lease if: \u2022  The modification increases the scope of the lease by adding the right to use one or more underlying assets; and \u2022  The consideration for the lease increases by an amount commensurate with the standalone price for the increase in scope of the lease. If both criteria are met, the Group adopts the accounting policy on the initial recognition and measurement of lease liabilities and  right-of-use assets. If a change in the lease terms does not meet the test outlined above, the Group must modify the initially recognised components of the lease contract. Sublease Accounting Where the Group acts as a lessor, the sublease is classified as a finance lease or an operating lease. A lease is deemed to be a finance lease where the lease transfers substantially all the risks and rewards incidental to the ownership of the underlying asset. Otherwise, the lease is deemed to be an operating lease. Where the Group is an intermediate lessor, it accounts for its interests in the head lease and the sublease separately. The Group assesses the lease classification of a sublease with reference to the right-of-use asset arising from the head lease, not with reference to the underlying asset. If the head lease is not a short term lease or low-value lease and the sublease is deemed to be a finance lease, the Group recognises a lease liability relating to the head lease but does not recognise a corresponding right-of-use asset. Instead, the Group recognises a finance lease debtor relating to the sublease. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-599": {
   "value": "Investment Properties Investment property is initially measured at cost and subsequently at fair value with any change therein recognised in profit or loss. Any gain or loss on disposal of investment property (calculated as the difference between the net proceeds from disposal and the carrying amount of the item) is recognised in profit or loss. When investment property that was previously classified as property, plant and equipment is sold, any related amount included in the revaluation reserve is transferred to retained earnings. When the use of a property changes from owner occupied or held for sale to investment property, the property is remeasured to fair value and reclassified accordingly. Any gain on this remeasurement is recognised in profit or loss to the extent that it reverses a previous impairment loss  on the specific property, with any remaining gain recognised in Other Comprehensive Income and presented in the revaluation reserve. Any loss  is recognised in profit or loss. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentPropertyExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-600": {
   "value": "Assets Held for Sale Non-current assets that are expected to be recovered principally through sale rather than continuing use and meet the IFRS 5 criteria are  classified as held for sale. These assets are shown in the balance sheet at the lower of their carrying amount and fair value less any costs  to sell. Impairment losses on initial classification as non-current assets held for sale and subsequent gains or losses on re-measurement  are recognised in the income statement. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-601": {
   "value": "Investments Investments, other than investments in joint ventures and associates, are stated in the balance sheet at fair value with changes in fair value recognised directly in other comprehensive income. There is no subsequent reclassification of fair value gains and losses to profit and loss following derecognition of the investment. Dividends from such investments are recognised in the income statement and are reported as  non-operating items. Where investments are actively traded in organised financial markets, fair value is determined by reference to Stock Exchange quoted market bid prices at the close of business on the balance sheet date. Where it is impracticable to determine fair value in accordance with IFRS 13, unquoted equity investments are recorded at historical cost and are included within financial assets on this basis in the Group balance sheet. They are assessed for impairment annually. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInvestmentsOtherThanInvestmentsAccountedForUsingEquityMethodExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-602": {
   "value": "Inventories Inventories are stated at the lower of cost and net realisable value. Cost is based on the first-in, first-out principle and includes all expenditure incurred in acquiring the inventories and bringing them to their present location and condition. Raw materials and purchased finished goods are valued on the basis of purchase cost on a first-in, first-out basis. In the case of manufactured finished goods and work-in-progress, cost includes direct materials, direct labour and attributable overheads based on normal operating capacity and excludes borrowing costs. Net realisable value  is the estimated proceeds of sale less all further costs to completion and less all costs to be incurred in marketing, selling and distribution. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForMeasuringInventories",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-653": {
   "value": "Trade and Other Receivables and Payables Trade and other receivables and payables are stated at amortised cost (less any impairment losses), which approximates to fair value given the short term nature of these assets and liabilities. Trade receivables are carried at original invoice amount less an allowance for potentially uncollectable debts. Provision is made using the expected credit loss model which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables are grouped based on shared credit risk characteristics and days past due. Bad debts are written-off in the income statement when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the Group, and the commencement  of legal proceedings. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-603": {
   "value": "Trade and Other Receivables and Payables Trade and other receivables and payables are stated at amortised cost (less any impairment losses), which approximates to fair value given the short term nature of these assets and liabilities. Trade receivables are carried at original invoice amount less an allowance for potentially uncollectable debts. Provision is made using the expected credit loss model which uses a lifetime expected loss allowance for all trade receivables. To measure the expected credit losses, trade receivables are grouped based on shared credit risk characteristics and days past due. Bad debts are written-off in the income statement when there is no reasonable expectation of recovery. Indicators that there is no reasonable expectation of recovery include, amongst others, the failure of a debtor to engage in a repayment plan with the Group, and the commencement  of legal proceedings. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-604": {
   "value": "Cash and Cash Equivalents Cash and cash equivalents comprise cash balances held for the purposes of meeting short term cash commitments and money market instruments which are readily convertible to a known amount of cash. Where money market instruments are categorised as cash equivalents, the related balances have an original maturity of three months or less. In addition, for the purposes of the Group cash flow statement, bank overdrafts are netted against cash and cash equivalents where the overdrafts are repayable on demand and form an integral part of cash management. Bank overdrafts are included within current interest-bearing loans and borrowings in the Group balance sheet. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-666": {
   "value": "Derivative Financial Instruments and Hedging Activities Derivative financial instruments, principally interest rate and currency swaps/forwards, are used in certain circumstances to hedge the Group\u2019s exposure to foreign exchange and interest rate risks arising from its financing activities. Derivative financial instruments are recognised initially at fair value and thereafter are subsequently re-measured at their fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value of interest rate and currency swaps/forwards is the estimated amount that the Group would receive or pay to terminate the swap at the balance sheet date, taking into account current interest and currency exchange rates and the current creditworthiness of the swapped counterparts. The method of recognising the resulting gain or loss on re-measurement to fair value depends on whether the derivative is designated as a hedging instrument. Where derivatives are not designated or do not fulfil the criteria for hedge accounting, changes in fair values are reported in the income statement. Where derivatives qualify for hedge accounting, recognition of the resulting gains or losses depends on the nature of the item being hedged. The Group designates certain derivatives for various purposes in hedge relationships in one or more of the following types of relationships: (i)  Fair value hedge: Hedges of the fair value of recognised liabilities; (ii) Cash flow hedge: Hedges of a particular risk associated with a highly probable forecast transaction; or (iii) Net investment hedge: Hedges of a net investment in a foreign operation. The Group documents at the inception of the transaction the relationship between hedging instruments and hedged items, as well as its risk management objectives and strategy for undertaking various hedging transactions. The Group also documents whether changes in the cash  flows of the hedging instruments are expected to offset changes in the cash flows of the hedged items. (i) Fair Value Hedge Any gain or loss stemming from the re-measurement of the hedging instrument to fair value is reported in the income statement. In addition, any gain or loss on the hedged item which is attributable to the fair value movement in the hedged risk is adjusted against the carrying amount of the hedged item and reflected in the income statement. Where a derivative financial instrument is used to economically hedge the foreign exchange exposure of a recognised monetary asset or  liability, hedge accounting is not applied and any gain or loss accruing on the hedging instrument is recognised as finance income or expense  in the income statement. If the hedge no longer meets the criteria for hedge accounting, hedge accounting ceases and the adjustment to the carrying amount of a hedged item for which the effective interest method is used is amortised to profit or loss over the period to maturity. (ii) Cash Flow Hedges The effective part of any gain or loss on the derivative financial instrument is recognised in other comprehensive income and presented in the cash flow hedge reserve in equity with the ineffective portion being reported as finance expense or income in the income statement. If a hedge of a forecasted transaction subsequently results in the recognition of a financial asset or a financial liability, the associated gains and losses that were recognised in other comprehensive income are reclassified into profit or loss in the same period or periods during which the asset acquired or liability assumed affects profit or loss. For cash flow hedges, other than those covered by the preceding statements, the associated cumulative  gain or loss is removed from other comprehensive income and recognised in the income statement in the same period or periods during which  the hedged forecast transaction affects profit or loss. The ineffective part of any gain or loss is recognised immediately in the income statement. Hedge accounting is discontinued when a hedging instrument expires or is sold, terminated or exercised, or no longer qualifies for hedge accounting. The cumulative gain or loss at that point remains in equity and is recognised in accordance with the above policy when the transaction occurs. If a hedged transaction is no longer expected to occur, the net cumulative gain or loss recognised in other comprehensive income is transferred to the income statement in the period. Derivative Financial Instruments and Hedging Activities continued (iii) Hedge of Net Investment in Foreign Operation Any gain or loss on the hedging instrument relating to the effective portion of the hedge is recognised in other comprehensive income and presented in the foreign currency translation reserve in equity. The gain or loss relating to the ineffective portion is recognised immediately in  the income statement within finance income or finance expense. Cumulative gains and losses remain in equity until disposal or partial disposal  of the net investment in the foreign operation at which point the related differences are reclassified to the income statement as part of the overall gain or loss on sale. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForHedgingExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-654": {
   "value": "Derivative Financial Instruments and Hedging Activities Derivative financial instruments, principally interest rate and currency swaps/forwards, are used in certain circumstances to hedge the Group\u2019s exposure to foreign exchange and interest rate risks arising from its financing activities. Derivative financial instruments are recognised initially at fair value and thereafter are subsequently re-measured at their fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value of interest rate and currency swaps/forwards is the estimated amount that the Group would receive or pay to terminate the swap at the balance sheet date, taking into account current interest and currency exchange rates and the current creditworthiness of the swapped counterparts. The method of recognising the resulting gain or loss on re-measurement to fair value depends on whether the derivative is designated as a hedging instrument. Where derivatives are not designated or do not fulfil the criteria for hedge accounting, changes in fair values are reported in the income statement. Where derivatives qualify for hedge accounting, recognition of the resulting gains or losses depends on the nature of the item being hedged. The Group designates certain derivatives for various purposes in hedge relationships in one or more of the following types of relationships: (i)  Fair value hedge: Hedges of the fair value of recognised liabilities; (ii) Cash flow hedge: Hedges of a particular risk associated with a highly probable forecast transaction; or (iii) Net investment hedge: Hedges of a net investment in a foreign operation. The Group documents at the inception of the transaction the relationship between hedging instruments and hedged items, as well as its risk management objectives and strategy for undertaking various hedging transactions. The Group also documents whether changes in the cash  flows of the hedging instruments are expected to offset changes in the cash flows of the hedged items. (i) Fair Value Hedge Any gain or loss stemming from the re-measurement of the hedging instrument to fair value is reported in the income statement. In addition, any gain or loss on the hedged item which is attributable to the fair value movement in the hedged risk is adjusted against the carrying amount of the hedged item and reflected in the income statement. Where a derivative financial instrument is used to economically hedge the foreign exchange exposure of a recognised monetary asset or  liability, hedge accounting is not applied and any gain or loss accruing on the hedging instrument is recognised as finance income or expense  in the income statement. If the hedge no longer meets the criteria for hedge accounting, hedge accounting ceases and the adjustment to the carrying amount of a hedged item for which the effective interest method is used is amortised to profit or loss over the period to maturity. (ii) Cash Flow Hedges The effective part of any gain or loss on the derivative financial instrument is recognised in other comprehensive income and presented in the cash flow hedge reserve in equity with the ineffective portion being reported as finance expense or income in the income statement. If a hedge of a forecasted transaction subsequently results in the recognition of a financial asset or a financial liability, the associated gains and losses that were recognised in other comprehensive income are reclassified into profit or loss in the same period or periods during which the asset acquired or liability assumed affects profit or loss. For cash flow hedges, other than those covered by the preceding statements, the associated cumulative  gain or loss is removed from other comprehensive income and recognised in the income statement in the same period or periods during which  the hedged forecast transaction affects profit or loss. The ineffective part of any gain or loss is recognised immediately in the income statement. Hedge accounting is discontinued when a hedging instrument expires or is sold, terminated or exercised, or no longer qualifies for hedge accounting. The cumulative gain or loss at that point remains in equity and is recognised in accordance with the above policy when the transaction occurs. If a hedged transaction is no longer expected to occur, the net cumulative gain or loss recognised in other comprehensive income is transferred to the income statement in the period. Derivative Financial Instruments and Hedging Activities continued (iii) Hedge of Net Investment in Foreign Operation Any gain or loss on the hedging instrument relating to the effective portion of the hedge is recognised in other comprehensive income and presented in the foreign currency translation reserve in equity. The gain or loss relating to the ineffective portion is recognised immediately in  the income statement within finance income or finance expense. Cumulative gains and losses remain in equity until disposal or partial disposal  of the net investment in the foreign operation at which point the related differences are reclassified to the income statement as part of the overall gain or loss on sale. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-605": {
   "value": "Derivative Financial Instruments and Hedging Activities Derivative financial instruments, principally interest rate and currency swaps/forwards, are used in certain circumstances to hedge the Group\u2019s exposure to foreign exchange and interest rate risks arising from its financing activities. Derivative financial instruments are recognised initially at fair value and thereafter are subsequently re-measured at their fair value. Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value of interest rate and currency swaps/forwards is the estimated amount that the Group would receive or pay to terminate the swap at the balance sheet date, taking into account current interest and currency exchange rates and the current creditworthiness of the swapped counterparts. The method of recognising the resulting gain or loss on re-measurement to fair value depends on whether the derivative is designated as a hedging instrument. Where derivatives are not designated or do not fulfil the criteria for hedge accounting, changes in fair values are reported in the income statement. Where derivatives qualify for hedge accounting, recognition of the resulting gains or losses depends on the nature of the item being hedged. The Group designates certain derivatives for various purposes in hedge relationships in one or more of the following types of relationships: (i)  Fair value hedge: Hedges of the fair value of recognised liabilities; (ii) Cash flow hedge: Hedges of a particular risk associated with a highly probable forecast transaction; or (iii) Net investment hedge: Hedges of a net investment in a foreign operation. The Group documents at the inception of the transaction the relationship between hedging instruments and hedged items, as well as its risk management objectives and strategy for undertaking various hedging transactions. The Group also documents whether changes in the cash  flows of the hedging instruments are expected to offset changes in the cash flows of the hedged items. (i) Fair Value Hedge Any gain or loss stemming from the re-measurement of the hedging instrument to fair value is reported in the income statement. In addition, any gain or loss on the hedged item which is attributable to the fair value movement in the hedged risk is adjusted against the carrying amount of the hedged item and reflected in the income statement. Where a derivative financial instrument is used to economically hedge the foreign exchange exposure of a recognised monetary asset or  liability, hedge accounting is not applied and any gain or loss accruing on the hedging instrument is recognised as finance income or expense  in the income statement. If the hedge no longer meets the criteria for hedge accounting, hedge accounting ceases and the adjustment to the carrying amount of a hedged item for which the effective interest method is used is amortised to profit or loss over the period to maturity. (ii) Cash Flow Hedges The effective part of any gain or loss on the derivative financial instrument is recognised in other comprehensive income and presented in the cash flow hedge reserve in equity with the ineffective portion being reported as finance expense or income in the income statement. If a hedge of a forecasted transaction subsequently results in the recognition of a financial asset or a financial liability, the associated gains and losses that were recognised in other comprehensive income are reclassified into profit or loss in the same period or periods during which the asset acquired or liability assumed affects profit or loss. For cash flow hedges, other than those covered by the preceding statements, the associated cumulative  gain or loss is removed from other comprehensive income and recognised in the income statement in the same period or periods during which  the hedged forecast transaction affects profit or loss. The ineffective part of any gain or loss is recognised immediately in the income statement. Hedge accounting is discontinued when a hedging instrument expires or is sold, terminated or exercised, or no longer qualifies for hedge accounting. The cumulative gain or loss at that point remains in equity and is recognised in accordance with the above policy when the transaction occurs. If a hedged transaction is no longer expected to occur, the net cumulative gain or loss recognised in other comprehensive income is transferred to the income statement in the period. Derivative Financial Instruments and Hedging Activities continued (iii) Hedge of Net Investment in Foreign Operation Any gain or loss on the hedging instrument relating to the effective portion of the hedge is recognised in other comprehensive income and presented in the foreign currency translation reserve in equity. The gain or loss relating to the ineffective portion is recognised immediately in  the income statement within finance income or finance expense. Cumulative gains and losses remain in equity until disposal or partial disposal  of the net investment in the foreign operation at which point the related differences are reclassified to the income statement as part of the overall gain or loss on sale. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-609": {
   "value": "Interest-Bearing Loans and Borrowings All loans and borrowings are initially recorded at fair value, net of related transaction costs. After initial recognition, current and non-current interest-bearing loans and borrowings are measured at amortised cost. Any difference between the proceeds (net of transaction costs) and the redemption value is recognised in the income statement over the period of the borrowings using the effective interest rate method. Amortised  cost includes any issue costs and any discount or premium on settlement. Borrowings are classified as current liabilities unless the Group has  an unconditional right to defer settlement of the liability for at least twelve months after the balance sheet date. Fees paid on the establishment of loan facilities are recognised as transaction costs of the loan to the extent that it is probable that some or all of the facility will be drawn down. In this case, the fee is deferred until the draw-down occurs. To the extent there is no evidence that it is probable that some or all of the facility will be drawn down, the fee is capitalised as a pre-payment for liquidity services and amortised over the period of the facility to which it relates. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-608": {
   "value": "Provisions A provision is recognised on a discounted basis when the Group has a present (either legal or constructive) obligation as a result of a past event  and it is probable that a transfer of economic benefits will be required to settle the obligations and a reliable estimate can be made of the amount required to settle the obligation. A provision for restructuring is recognised when the Group has approved a restructuring plan and the restructuring has commenced. A provision for onerous contracts is recognised when the expected benefits to be derived by the Group from a contract are lower than the unavoidable costs of meeting its obligations under the contract. The provision is measured at the lower of the present value of the expected cost of terminating the contract and the present value of the expected net cost of continuing with the contract. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-607": {
   "value": "Retirement Benefit Obligations Obligations to the defined contribution pension plans are recognised as an expense in the income statement as service is received from the relevant employees. The Group has no legal or constructive obligation to pay further contributions in the event that these plans do not hold sufficient assets to provide retirement benefits. The Group operates a number of defined benefit pension schemes which require contributions to be made to separately administered funds. The Group\u2019s net obligation in respect of defined benefit pension schemes is calculated separately for each plan by estimating the amount of future benefits that employees have earned in return for their service in the current and prior periods. That benefit is discounted to determine its present value, and the fair value of any plan asset is deducted. The discount rate employed in determining the present value of the schemes\u2019 liabilities is determined by reference to market yields at the balance sheet date on high quality corporate bonds for a term consistent with the currency and term of the associated post-employment benefit obligations. The net surplus or deficit arising in the Group\u2019s defined benefit pension schemes are shown within either non-current assets or liabilities on the face of the Group Balance Sheet. The deferred tax impact of pension scheme surpluses and deficits is disclosed separately within deferred tax assets or liabilities as appropriate. The Group recognises actuarial gains and losses immediately in other comprehensive income. Any increase in the present value of the plans\u2019 liabilities expected to arise from employee service during the period is charged to operating profit. The Group determines net interest expense/(income) on the net defined benefit liability/(asset) for the period by applying the discount rate used to measure the defined benefit obligation at the beginning of the period. Differences between the income recognised based on the discount rate and the actual return on plan assets, together with the effect of changes in the current or prior assumptions underlying the liabilities are recognised in other comprehensive income. When the benefits of a defined benefit plan are improved, the portion of the increased benefit relating to past service by employees is recognised as a past service cost in the income statement at the earlier of the date when the plan amendment occurs and when the related restructuring costs are recognised. To the extent that the benefits vest immediately, the expense is recognised immediately in the income statement. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-606": {
   "value": "Share-Based Payment Transactions The 2011 Long Term Incentive Plan (\u201cLTIP\u201d) and the SAYE Scheme for UK employees should enable employees to acquire shares in the Company subject to the conditions of these schemes. New units are issued to satisfy obligations under the SAYE scheme. Entitlements under the LTIP  may be satisfied by the issue of units or by a market purchase of units. The fair value of share entitlements at the grant date is recognised as an employee expense in the income statement over the vesting period with a corresponding increase in equity. The fair value is determined by an external valuer using a binomial model. Share entitlements granted by the Company are subject to certain non-market based vesting conditions. Non-market vesting conditions are not taken into account when estimating the fair value of entitlements as at the grant date. The expense for share entitlements shown in the income statement is adjusted to reflect the number of awards for which the related non-market based vesting conditions are expected to be met, such that the amount ultimately recognised as an expense is based on the number of awards that meet the related non-market based vesting conditions at the vesting date. The proceeds received by the Company on the vesting of share entitlements  are credited to share capital and share premium when the share entitlements are converted or issued. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-610": {
   "value": "Government Grants Government grants and assistance are recognised at their fair value in the income statement when there is a reasonable assurance that the grant will be received and all attaching conditions have been complied with. When the grant relates to an expense item, it is recognised in operating costs within the income statement over the period necessary to match on a systematic basis to the costs that it is intended to compensate. Where the grant relates to a non-current asset, the value is credited to a deferred income account and is released to the income statement over the expected useful life of the relevant asset. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGovernmentGrants",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-611": {
   "value": "Income Tax Income tax in the income statement represents the sum of current tax and deferred tax. Income tax is recognised in the income statement except to the extent that it relates to items recognised directly in other comprehensive income. Current tax is based on taxable profit and represents the expected tax payable for the year. Taxable profit differs from net profit as reported in  the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes certain items that are not tax deductible including property depreciation. The Group\u2019s liability for current tax is calculated using rates that have been enacted or substantially enacted at the balance sheet date. The Group\u2019s income tax charge reflects various allowances and reliefs and planning opportunities available in the tax jurisdictions in which the Group operates. The determination of the Group\u2019s charge for income tax in the income statement requires estimates to be made, on the basis of professional advice, in relation to certain matters where the ultimate outcome may not be certain and where an extended period may be required before such matters are determined. The amount shown for current taxation reflects tax uncertainties and is based on the Directors\u2019 estimate of (i) the most likely amount; or (ii) the expected value of the probable outflow of economic resources that will be required. The estimates for income tax included in the financial statements are considered appropriate but no assurance can be given that the final determination of these matters will not be materially different to the estimates included in the financial statements. Whilst it is possible, the Group does not currently anticipate that any such differences could have a material impact on the income tax provision and profit for the period in which such a determination is made nor does it expect any significant impact on its financial position in the near term. This is based on the Group\u2019s knowledge and experience, as well as the profile of the individual components which have been reflected in the current tax liability, the status of the tax audits, enquiries and negotiations in progress at each year-end, previous claims and any factors specific to the relevant tax environments. Deferred tax is provided, using the liability method, on all temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the asset is realised or the liability is settled based on rates that have been enacted or substantially enacted at the balance sheet date. Deferred tax assets and liabilities are not recognised for the following temporary differences: \u2022  Goodwill that is not deductible for tax purposes; \u2022  Temporary differences arising from the initial recognition of an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit or taxable profit or loss; and \u2022  Temporary differences associated with investments in subsidiaries in which case deferred tax is only recognised to the extent that it is probable that the temporary differences will reverse in the foreseeable future. The carrying amount of deferred tax assets is reviewed at each balance sheet date and reduced to the extent that it is no longer probable that sufficient taxable profit would be available to allow all or part of the deferred tax asset to be utilised. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-656": {
   "value": "Income Tax Income tax in the income statement represents the sum of current tax and deferred tax. Income tax is recognised in the income statement except to the extent that it relates to items recognised directly in other comprehensive income. Current tax is based on taxable profit and represents the expected tax payable for the year. Taxable profit differs from net profit as reported in  the income statement because it excludes items of income or expense that are taxable or deductible in other years and it further excludes certain items that are not tax deductible including property depreciation. The Group\u2019s liability for current tax is calculated using rates that have been enacted or substantially enacted at the balance sheet date. The Group\u2019s income tax charge reflects various allowances and reliefs and planning opportunities available in the tax jurisdictions in which the Group operates. The determination of the Group\u2019s charge for income tax in the income statement requires estimates to be made, on the basis of professional advice, in relation to certain matters where the ultimate outcome may not be certain and where an extended period may be required before such matters are determined. The amount shown for current taxation reflects tax uncertainties and is based on the Directors\u2019 estimate of (i) the most likely amount; or (ii) the expected value of the probable outflow of economic resources that will be required. The estimates for income tax included in the financial statements are considered appropriate but no assurance can be given that the final determination of these matters will not be materially different to the estimates included in the financial statements. Whilst it is possible, the Group does not currently anticipate that any such differences could have a material impact on the income tax provision and profit for the period in which such a determination is made nor does it expect any significant impact on its financial position in the near term. This is based on the Group\u2019s knowledge and experience, as well as the profile of the individual components which have been reflected in the current tax liability, the status of the tax audits, enquiries and negotiations in progress at each year-end, previous claims and any factors specific to the relevant tax environments. Deferred tax is provided, using the liability method, on all temporary differences between the carrying amounts of assets and liabilities for financial reporting purposes and the amounts used for taxation purposes. Deferred tax assets and liabilities are measured at the tax rates that are expected to apply in the year when the asset is realised or the liability is settled based on rates that have been enacted or substantially enacted at the balance sheet date. Deferred tax assets and liabilities are not recognised for the following temporary differences: \u2022  Goodwill that is not deductible for tax purposes; \u2022  Temporary differences arising from the initial recognition of an asset or liability in a transaction that is not a business combination and, at the time of the transaction, affects neither the accounting profit or taxable profit or loss; and \u2022  Temporary differences associated with investments in subsidiaries in which case deferred tax is only recognised to the extent that it is probable that the temporary differences will reverse in the foreseeable future. The carrying amount of deferred tax assets is reviewed at each balance sheet date and reduced to the extent that it is no longer probable that sufficient taxable profit would be available to allow all or part of the deferred tax asset to be utilised. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-612": {
   "value": "Share Capital Ordinary Shares Ordinary shares are classified as equity. Incremental costs directly attributable to the issue of ordinary shares are recognised as a deduction from equity, net of any tax effects. Repurchase of Share Capital When share capital recognised as equity is purchased, the amount of the consideration paid, including directly attributable costs, is recognised  as a change in equity. Dividends Dividends on ordinary shares are recognised as a liability in the Group\u2019s financial statements in the period in which they are declared by the Company. In the case of interim dividends, these are considered to be declared when they are paid. In the case of final dividends these are  declared when authorised by the shareholders in General Meeting. Earnings Per Share The Group presents basic and diluted earnings per share (\u201cEPS\u201d) data for its ordinary shares. Basic EPS is calculated by dividing the profit or loss attributable to ordinary shareholders of the Company by the weighted average number of ordinary shares outstanding during the period, adjusted for treasury shares held. Diluted EPS is calculated by dividing the profit or loss attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding adjusted for treasury shares held and for the effects of all dilutive potential ordinary shares related to employee share schemes. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-655": {
   "value": "Dividends Dividends on ordinary shares are recognised as a liability in the Group\u2019s financial statements in the period in which they are declared by the Company. In the case of interim dividends, these are considered to be declared when they are paid. In the case of final dividends these are  declared when authorised by the shareholders in General Meeting. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDividendsExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-657": {
   "value": "Earnings Per Share The Group presents basic and diluted earnings per share (\u201cEPS\u201d) data for its ordinary shares. Basic EPS is calculated by dividing the profit or loss attributable to ordinary shareholders of the Company by the weighted average number of ordinary shares outstanding during the period, adjusted for treasury shares held. Diluted EPS is calculated by dividing the profit or loss attributable to ordinary shareholders by the weighted average number of ordinary shares outstanding adjusted for treasury shares held and for the effects of all dilutive potential ordinary shares related to employee share schemes. ",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-613": {
   "value": "2<span class=\"_ _0\"></span>. <span class=\"_ _45\"> </span>Segment<span class=\"_ _2\"></span> I<span class=\"_ _0\"></span>nformation<span class=\"_ _363\"> </span>IFR<span class=\"_ _0\"></span>S 8 Ope<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g Se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nts req<span class=\"_ _0\"></span>uires op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ing se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nts to be id<span class=\"_ _0\"></span>entif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e basis of inter<span class=\"_ _0\"></span>nal rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ts t<span class=\"_ _0\"></span>hat are re<span class=\"_ _0\"></span>gular<span class=\"_ _0\"></span>ly rev<span class=\"_ _0\"></span>iewed by t<span class=\"_ _0\"></span>he Chi<span class=\"_ _0\"></span>ef Op<span class=\"_ _0\"></span>eratin<span class=\"_ _0\"></span>g De<span class=\"_ _0\"></span>cisi<span class=\"_ _0\"></span>on Maker, being t<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>oard<span class=\"_ _0\"></span>, in orde<span class=\"_ _0\"></span>r to alloc<span class=\"_ _0\"></span>ate resou<span class=\"_ _0\"></span>rces to th<span class=\"_ _0\"></span>e seg<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>s and to asses<span class=\"_ _0\"></span>s the<span class=\"_ _0\"></span>ir per<span class=\"_ _3\"></span>forma<span class=\"_ _0\"></span>nce. T<span class=\"_ _0\"></span>hre<span class=\"_ _0\"></span>e rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span> seg<span class=\"_ _0\"></span>ments h<span class=\"_ _0\"></span>ave bee<span class=\"_ _0\"></span>n ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d, Dis<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>buti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, Retaili<span class=\"_ _0\"></span>ng and Ma<span class=\"_ _0\"></span>nufac<span class=\"_ _0\"></span>turi<span class=\"_ _0\"></span>ng.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Dist<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n seg<span class=\"_ _0\"></span>ment is e<span class=\"_ _0\"></span>ngag<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he dist<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n of buildin<span class=\"_ _0\"></span>g and plu<span class=\"_ _0\"></span>mbing m<span class=\"_ _0\"></span>aterials p<span class=\"_ _0\"></span>rima<span class=\"_ _0\"></span>rily to pr<span class=\"_ _0\"></span>ofession<span class=\"_ _0\"></span>al trad<span class=\"_ _0\"></span>es pe<span class=\"_ _0\"></span>opl<span class=\"_ _0\"></span>e eng<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>d <span class=\"ls2\"> </span>in resid<span class=\"_ _0\"></span>entia<span class=\"_ _0\"></span>l repair, maintenanc<span class=\"_ _0\"></span>e and im<span class=\"_ _0\"></span>provem<span class=\"_ _0\"></span>ent proj<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ts and also i<span class=\"_ _0\"></span>n reside<span class=\"_ _0\"></span>ntial a<span class=\"_ _0\"></span>nd othe<span class=\"_ _0\"></span>r new bui<span class=\"_ _0\"></span>ld co<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>ion f<span class=\"_ _0\"></span>rom a ne<span class=\"_ _0\"></span>twor<span class=\"_ _0\"></span>k of 31<span class=\"_ _2\"></span>6 bran<span class=\"_ _0\"></span>ches i<span class=\"_ _0\"></span>n the U<span class=\"_ _0\"></span>K<span class=\"_ _0\"></span>, Irelan<span class=\"_ _0\"></span>d, th<span class=\"_ _0\"></span>e Net<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>lands a<span class=\"_ _0\"></span>nd Finl<span class=\"_ _0\"></span>and. T<span class=\"_ _0\"></span>he t<span class=\"_ _0\"></span>radi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al merc<span class=\"_ _0\"></span>hantin<span class=\"_ _0\"></span>g busin<span class=\"_ _0\"></span>ess in Gre<span class=\"_ _0\"></span>at Bri<span class=\"_ _0\"></span>tain was dis<span class=\"_ _0\"></span>pose<span class=\"_ _0\"></span>d in 20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e aggre<span class=\"_ _0\"></span>gatio<span class=\"_ _0\"></span>n of ope<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g segm<span class=\"_ _0\"></span>ents into t<span class=\"_ _0\"></span>he Dis<span class=\"_ _0\"></span>trib<span class=\"_ _0\"></span>uti<span class=\"_ _0\"></span>on se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt refl<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ts, in t<span class=\"_ _0\"></span>he op<span class=\"_ _0\"></span>inion of ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e simila<span class=\"_ _0\"></span>r ec<span class=\"_ _0\"></span>ono<span class=\"_ _0\"></span>mic ch<span class=\"_ _0\"></span>arac<span class=\"_ _0\"></span>terist<span class=\"_ _0\"></span>ics<span class=\"_ _0\"></span> withi<span class=\"_ _0\"></span>n each of t<span class=\"_ _0\"></span>hese s<span class=\"_ _0\"></span>egm<span class=\"_ _0\"></span>ents as well as t<span class=\"_ _0\"></span>he simil<span class=\"_ _0\"></span>ar pro<span class=\"_ _0\"></span>duct<span class=\"_ _0\"></span>s and se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vic<span class=\"_ _0\"></span>es of<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>d and sup<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d and th<span class=\"_ _0\"></span>e class<span class=\"_ _0\"></span>es of custom<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>. Thi<span class=\"_ _0\"></span>s is asses<span class=\"_ _0\"></span>sed <span class=\"ls2\"> </span>by referenc<span class=\"_ _0\"></span>e to gross m<span class=\"_ _0\"></span>argins an<span class=\"_ _0\"></span>d long te<span class=\"_ _0\"></span>rm grow<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h rates of the s<span class=\"_ _0\"></span>egm<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Retaili<span class=\"_ _0\"></span>ng seg<span class=\"_ _0\"></span>ment o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rates Irelan<span class=\"_ _0\"></span>d<span class=\"_ _0\"></span>\u2019s largest D<span class=\"_ _0\"></span>IY an<span class=\"_ _0\"></span>d hom<span class=\"_ _0\"></span>e improve<span class=\"_ _0\"></span>ment b<span class=\"_ _0\"></span>usine<span class=\"_ _0\"></span>ss fro<span class=\"_ _0\"></span>m a net<span class=\"_ _0\"></span>wor<span class=\"_ _0\"></span>k of 35 stores t<span class=\"_ _0\"></span>hat supp<span class=\"_ _0\"></span>ly mainl<span class=\"_ _0\"></span>y retail<span class=\"_ _0\"></span> custom<span class=\"_ _0\"></span>ers wi<span class=\"_ _0\"></span>th a wid<span class=\"_ _0\"></span>e rang<span class=\"_ _0\"></span>e of produ<span class=\"_ _0\"></span>cts fo<span class=\"_ _0\"></span>r DIY a<span class=\"_ _0\"></span>nd for th<span class=\"_ _0\"></span>e hom<span class=\"_ _0\"></span>e and gard<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Manufa<span class=\"_ _0\"></span>ctur<span class=\"_ _0\"></span>ing se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt co<span class=\"_ _0\"></span>mpri<span class=\"_ _0\"></span>ses th<span class=\"_ _0\"></span>e large<span class=\"_ _0\"></span>st manu<span class=\"_ _0\"></span>factu<span class=\"_ _0\"></span>rer of dr<span class=\"_ _0\"></span>y m<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>r in Great B<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ain op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ing fro<span class=\"_ _0\"></span>m 1<span class=\"_ _2\"></span>0 pl<span class=\"_ _0\"></span>ants, a<span class=\"_ _0\"></span>n indus<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>leadi<span class=\"_ _0\"></span>ng manu<span class=\"_ _0\"></span>facture<span class=\"_ _0\"></span>r and dis<span class=\"_ _0\"></span>tri<span class=\"_ _0\"></span>butor of be<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>ke stairc<span class=\"_ _0\"></span>ases in t<span class=\"_ _0\"></span>he UK o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ating f<span class=\"_ _0\"></span>rom on<span class=\"_ _0\"></span>e manufa<span class=\"_ _0\"></span>ctur<span class=\"_ _0\"></span>ing fac<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y and a pl<span class=\"_ _0\"></span>astic<span class=\"_ _0\"></span>s manu<span class=\"_ _0\"></span>factur<span class=\"_ _0\"></span>ing<span class=\"_ _0\"></span> busine<span class=\"_ _0\"></span>ss in Irel<span class=\"_ _0\"></span>and.<span class=\"_ _363\"> </span>Informat<span class=\"_ _0\"></span>ion re<span class=\"_ _0\"></span>gardin<span class=\"_ _0\"></span>g the re<span class=\"_ _0\"></span>sults of ea<span class=\"_ _0\"></span>ch op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ng se<span class=\"_ _0\"></span>gment i<span class=\"_ _0\"></span>s inclu<span class=\"_ _0\"></span>ded i<span class=\"_ _0\"></span>n this note. Pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>manc<span class=\"_ _0\"></span>e is measu<span class=\"_ _0\"></span>red bas<span class=\"_ _0\"></span>ed on s<span class=\"_ _0\"></span>egm<span class=\"_ _0\"></span>ent op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ing prof<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>/<span class=\"_ _0\"></span> (l<span class=\"_ _0\"></span>oss) as includ<span class=\"_ _0\"></span>ed in t<span class=\"_ _0\"></span>he inter<span class=\"_ _0\"></span>nal mana<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>s that are re<span class=\"_ _0\"></span>viewe<span class=\"_ _0\"></span>d by the G<span class=\"_ _0\"></span>roup\u2019s Chi<span class=\"_ _0\"></span>ef Op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ng De<span class=\"_ _0\"></span>cisi<span class=\"_ _0\"></span>on Maker. Seg<span class=\"_ _0\"></span>ment o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ating p<span class=\"_ _0\"></span>rofit is<span class=\"_ _0\"></span> used to m<span class=\"_ _0\"></span>easure p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>manc<span class=\"_ _0\"></span>e as suc<span class=\"_ _0\"></span>h inform<span class=\"_ _0\"></span>ation is t<span class=\"_ _0\"></span>he mo<span class=\"_ _0\"></span>st rel<span class=\"_ _0\"></span>evant in eval<span class=\"_ _0\"></span>uating t<span class=\"_ _0\"></span>he resu<span class=\"_ _0\"></span>lts of the G<span class=\"_ _0\"></span>roup\u2019s se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nts.<span class=\"_ _0\"></span> No se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt is over reli<span class=\"_ _0\"></span>ant on any maj<span class=\"_ _0\"></span>or cus<span class=\"_ _0\"></span>tomer a<span class=\"_ _0\"></span>nd cre<span class=\"_ _0\"></span>dit r<span class=\"_ _0\"></span>isk is well dive<span class=\"_ _0\"></span>rsif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as discl<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d in Note 1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>. S<span class=\"_ _0\"></span>egm<span class=\"_ _0\"></span>ent resul<span class=\"_ _0\"></span>ts, as<span class=\"_ _0\"></span>sets a<span class=\"_ _0\"></span>nd liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s inclu<span class=\"_ _0\"></span>de all i<span class=\"_ _0\"></span>tems dire<span class=\"_ _0\"></span>ctly at<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>tab<span class=\"_ _0\"></span>le to a seg<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt cap<span class=\"_ _0\"></span>ital e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nditu<span class=\"_ _0\"></span>re is the total a<span class=\"_ _0\"></span>mount i<span class=\"_ _0\"></span>ncur<span class=\"_ _0\"></span>red d<span class=\"_ _0\"></span>urin<span class=\"_ _0\"></span>g the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od to acqu<span class=\"_ _0\"></span>ire seg<span class=\"_ _0\"></span>ment as<span class=\"_ _0\"></span>sets t<span class=\"_ _0\"></span>hat are ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted to be us<span class=\"_ _0\"></span>ed for m<span class=\"_ _0\"></span>ore tha<span class=\"_ _0\"></span>n one ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unting p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>2<span class=\"_ _0\"></span>. <span class=\"_ _45\"> </span>Segment<span class=\"_ _2\"></span> I<span class=\"_ _0\"></span>nformation<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Group Income Statement<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Rev<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>nue<span class=\"_ _363\"> </span>UK distribution<span class=\"_ _1d4\"> </span><span class=\"ff83 ls13 ws22\">838<span class=\"_ _0\"></span>,64<span class=\"_ _0\"></span>4<span class=\"_ _21\"> </span></span><span class=\"ls36 wsf\">82<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,923<span class=\"_ _363\"> </span></span>Irelan<span class=\"_ _0\"></span>d distr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tion<span class=\"_ _1d5\"> </span><span class=\"ff83 lse7 wsb8\">618<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>7<span class=\"_ _b4\"> </span></span><span class=\"lsc0 ws9a\">5<span class=\"_ _0\"></span>44,289<span class=\"_ _363\"> </span></span>Netherlands di<span class=\"_ _2\"></span>stribution<span class=\"_ _1d6\"> </span><span class=\"ff83 ls155 ws169\">3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>3<span class=\"_ _b4\"> </span></span><span class=\"ls15a ws16d\">29<span class=\"_ _2\"></span>0,540<span class=\"_ _363\"> </span></span>Finland distribu<span class=\"_ _0\"></span>tion<span class=\"_ _1d7\"> </span><span class=\"ff83 ls134 ws145\">14<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,19<span class=\"_ _0\"></span>7<span class=\"_ _126\"> </span></span><span class=\"lsdd ws3b\">7<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>10<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>otal dist<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n \u2013 cont<span class=\"_ _0\"></span>inuing<span class=\"_ _18f\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>41<span class=\"_ _80\"> </span></span><span class=\"ls143 ws151\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _34\"></span>2<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>5<span class=\"_ _34\"></span>6<span class=\"_ _3\"></span>2<span class=\"_ _363\"> </span></span>Retailin<span class=\"_ _0\"></span>g<span class=\"_ _1d8\"> </span><span class=\"ff83 ls8b ws7c\">244<span class=\"_ _0\"></span>,021<span class=\"_ _b0\"> </span></span><span class=\"ls144 ws152\">2<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>,75<span class=\"_ _0\"></span>6<span class=\"_ _363\"> </span></span>Manufacturing<span class=\"_ _1d9\"> </span><span class=\"ff83 lse0 wsd7\">13<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _11f\"> </span></span><span class=\"lsdf wsd6\">112<span class=\"_ _34\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _34\"> </span>3<span class=\"_ _3\"></span>6<span class=\"_ _363\"> </span></span>Less: inte<span class=\"_ _0\"></span>r-seg<span class=\"_ _0\"></span>ment re<span class=\"_ _0\"></span>venue \u2013 m<span class=\"_ _0\"></span>anufac<span class=\"_ _0\"></span>turi<span class=\"_ _0\"></span>ng<span class=\"_ _1da\"> </span><span class=\"ff83 ls134 ws145\">(<span class=\"_ _0\"></span>13<span class=\"_ _3\"></span>,18<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _b4\"> </span></span><span class=\"ls89 wsd0\">(<span class=\"_ _0\"></span>12<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _34\"></span>4<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>otal r<span class=\"_ _4\"></span>ev<span class=\"_ _4\"></span>enue from<span class=\"_ _4\"></span> continuing operat<span class=\"_ _4\"></span>ions<span class=\"_ _1da\"> </span><span class=\"ls22 ws66\">2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>2<span class=\"_ _9d\"> </span><span class=\"ff84 ls2c ws14\">2,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>09,<span class=\"_ _2\"></span>909<span class=\"_ _363\"> </span></span></span>Segmental operating profit bef<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>re non-recurring it<span class=\"_ _4\"></span>ems, intangible amortisation aris<span class=\"_ _2\"></span>in<span class=\"_ _0\"></span>g on<span class=\"_ _4\"></span> acquisitions and other acquisition related it<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>ms<span class=\"_ _363\"> </span>UK distribution<span class=\"_ _1db\"> </span><span class=\"ff83 ls22 ws66\">8<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _2c\"> </span></span><span class=\"lsdd ws3b\">10<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _363\"> </span></span>Irelan<span class=\"_ _0\"></span>d distr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tion<span class=\"_ _1dc\"> </span><span class=\"ff83 lsc2 ws168\">7<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>74<span class=\"_ _126\"> </span></span><span class=\"ls36 wsf\">66,<span class=\"_ _2\"></span>792<span class=\"_ _363\"> </span></span>Netherlands di<span class=\"_ _2\"></span>stribution<span class=\"_ _fe\"> </span><span class=\"ff83 ls146 ws155\">3<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>6<span class=\"_ _34\"></span>4<span class=\"_ _0\"></span>1<span class=\"_ _c4\"> </span></span><span class=\"ls1a ws7d\">30,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span>Finland distribu<span class=\"_ _0\"></span>tion<span class=\"_ _1dd\"> </span><span class=\"ff83 lsa2 ws97\">20<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>321<span class=\"_ _60\"> </span></span><span class=\"ls0 ws77\">9,952<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>otal dist<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n \u2013 cont<span class=\"_ _0\"></span>inuing<span class=\"_ _185\"> </span><span class=\"ff83 ls31 ws27\">210<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>2<span class=\"_ _21\"> </span></span><span class=\"lsdf wsd6\">2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>11<span class=\"_ _363\"> </span></span>Retailin<span class=\"_ _0\"></span>g<span class=\"_ _1de\"> </span><span class=\"ff83 lsdb wsb1\">32<span class=\"_ _0\"></span>,5<span class=\"_ _0\"></span>75<span class=\"_ _11a\"> </span></span><span class=\"ls8e ws81\">50,858<span class=\"_ _363\"> </span></span>Manufacturing<span class=\"_ _1db\"> </span><span class=\"ff83 ls146 ws155\">2<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>0<span class=\"_ _34\"></span>3<span class=\"_ _5d\"> </span></span><span class=\"lsa2 ws97\">24<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>49<span class=\"_ _363\"> </span></span>270,24<span class=\"_ _0\"></span>0<span class=\"_ _2c\"> </span><span class=\"ff84 lsdd ws3b\">2<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>18<span class=\"_ _363\"> </span></span>Reconciliat<span class=\"_ _2\"></span>ion to cons<span class=\"_ _2\"></span>olidated operati<span class=\"_ _4\"></span>ng profit<span class=\"_ _363\"> </span>Central activities<span class=\"_ _1df\"> </span><span class=\"ff83 ls12a wsab\">(1<span class=\"_ _2\"></span>3<span class=\"_ _2\"></span>,453)<span class=\"_ _b4\"> </span><span class=\"ff84 ls14 wsb9\">(13,479)<span class=\"_ _363\"> </span></span></span>256,<span class=\"_ _2\"></span>787<span class=\"_ _2c\"> </span><span class=\"ff84 lsdd ws3b\">2<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>9<span class=\"_ _363\"> </span></span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y prof<span class=\"_ _0\"></span>its<span class=\"_ _11b\"> </span><span class=\"ff83 lsf ws9b\">25,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>81<span class=\"_ _63\"> </span></span><span class=\"ls14e ws15e\">1<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _34\"> </span>0<span class=\"_ _363\"> </span></span>Operating profit before<span class=\"_ _2\"></span> non-rec<span class=\"_ _0\"></span>urring items,<span class=\"_ _2\"></span> inta<span class=\"_ _0\"></span>ngible amortisation arising<span class=\"_ _2\"></span> on acquisitions and ot<span class=\"_ _4\"></span>her acquisition relat<span class=\"_ _2\"></span>ed items<span class=\"_ _17d\"> </span><span class=\"ls134 ws145\">2<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>8<span class=\"_ _11f\"> </span><span class=\"ff84 ls143 ws151\">2<span class=\"_ _3\"></span>8<span class=\"_ _34\"></span>7,<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _363\"> </span></span></span>Non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g items*<span class=\"_ _1d5\"> </span><span class=\"ff83 ls13 ws22\">3<span class=\"_ _0\"></span>,690<span class=\"_ _e7\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _363\"> </span></span>Operating profit before<span class=\"_ _2\"></span> intangible amor<span class=\"_ _0\"></span>tisation<span class=\"_ _4\"></span> arising on<span class=\"_ _4\"></span> acquisitions and<span class=\"_ _2\"></span> other acquisition relat<span class=\"_ _4\"></span>ed items<span class=\"_ _a3\"> </span><span class=\"ls68 ws5d\">285,858<span class=\"_ _21\"> </span><span class=\"ff84 ls143 ws151\">2<span class=\"_ _34\"></span>8<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _363\"> </span></span></span>Acqui<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>n relate<span class=\"_ _0\"></span>d items<span class=\"_ _1e0\"> </span><span class=\"ff83 lse4 wsdc\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>30<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _126\"> </span></span><span class=\"ls132 ws146\">(<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>,12<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>Am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isatio<span class=\"_ _0\"></span>n of intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>ets ar<span class=\"_ _0\"></span>ising o<span class=\"_ _0\"></span>n acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _172\"> </span><span class=\"ff83 ls134 ws145\">(<span class=\"_ _0\"></span>19<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _b0\"> </span></span><span class=\"lse8 wsde\">(<span class=\"_ _3\"></span>14<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>8)<span class=\"_ _363\"> </span></span>Operating profit<span class=\"_ _166\"> </span><span class=\"ls1a ws7d\">264<span class=\"_ _0\"></span>,26<span class=\"_ _0\"></span>6<span class=\"_ _21\"> </span><span class=\"ff84 ls132 ws146\">2<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,16<span class=\"_ _0\"></span>2<span class=\"_ _363\"> </span></span></span>Finan<span class=\"_ _4\"></span>ce expen<span class=\"_ _2\"></span>se<span class=\"_ _11c\"> </span><span class=\"ff83 ls22 ws66\">(2<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _2c\"> </span></span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>9)<span class=\"_ _363\"> </span></span>Finance inc<span class=\"_ _0\"></span>ome<span class=\"_ _1e1\"> </span><span class=\"ff83 ws22\">8,690<span class=\"_ _a3\"> </span></span><span class=\"lsdd ws3b\">1,<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span></span>Pro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>x<span class=\"_ _168\"> </span><span class=\"ls22 ws66\">2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>3<span class=\"_ _21\"> </span><span class=\"ff84 ls144 ws152\">2<span class=\"_ _0\"></span>49<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>97<span class=\"_ _363\"> </span></span></span>Inco<span class=\"_ _0\"></span>me ta<span class=\"_ _0\"></span>x ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>e<span class=\"_ _1e2\"> </span><span class=\"ff83 ls36 wsf\">(<span class=\"_ _2\"></span>43,065)<span class=\"_ _b0\"> </span><span class=\"ff84 lsef ws12e\">(42<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>52<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span>Pro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r ta<span class=\"_ _0\"></span>x fo<span class=\"_ _0\"></span>r the f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al ye<span class=\"_ _0\"></span>ar f<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>m co<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s<span class=\"_ _16a\"> </span><span class=\"lse7 wsb8\">2<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>18<span class=\"_ _b4\"> </span><span class=\"ff84 ls8b ws7c\">206<span class=\"_ _0\"></span>,8<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5<span class=\"_ _363\"> </span></span></span>Profi<span class=\"_ _0\"></span>t af<span class=\"_ _0\"></span>ter ta<span class=\"_ _0\"></span>x from di<span class=\"_ _0\"></span>scont<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>d op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ons<span class=\"_ _12d\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _b0\"> </span></span><span class=\"lsc0 ws9a\">1<span class=\"_ _2\"></span>34,422<span class=\"_ _363\"> </span></span>Pro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r ta<span class=\"_ _0\"></span>x fo<span class=\"_ _0\"></span>r the f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al ye<span class=\"_ _0\"></span>ar<span class=\"_ _16c\"> </span><span class=\"lse7 wsb8\">2<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>18<span class=\"_ _21\"> </span><span class=\"ff84 lsdd ws3b\">3<span class=\"_ _3\"></span>41,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>7<span class=\"_ _363\"> </span></span></span>* <span class=\"_ _35\"> </span>A non<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>urr<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g cur<span class=\"_ _3\"></span>tail<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t gain o<span class=\"_ _0\"></span>f \u00a33<span class=\"_ _0\"></span>.7 millio<span class=\"_ _0\"></span>n aro<span class=\"_ _0\"></span>se on c<span class=\"_ _0\"></span>los<span class=\"_ _0\"></span>ure to f<span class=\"_ _0\"></span>utu<span class=\"_ _0\"></span>re ac<span class=\"_ _0\"></span>cr<span class=\"_ _0\"></span>ual of a d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t pe<span class=\"_ _0\"></span>nsi<span class=\"_ _0\"></span>on sc<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>me in I<span class=\"_ _0\"></span>rela<span class=\"_ _0\"></span>nd (<span class=\"_ _0\"></span>Note 3<span class=\"_ _0\"></span>0).<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e amou<span class=\"_ _0\"></span>nt of revenue<span class=\"_ _0\"></span>, fro<span class=\"_ _0\"></span>m cont<span class=\"_ _0\"></span>inuing o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns, by ge<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>raphi<span class=\"_ _0\"></span>c area is as foll<span class=\"_ _0\"></span>ows:<span class=\"_ _363\"> </span>2022  \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Rev<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>nue*<span class=\"_ _363\"> </span>United Kingd<span class=\"_ _0\"></span>om<span class=\"_ _1df\"> </span><span class=\"ff83 ls78 ws6b\">95<span class=\"_ _4\"></span>1<span class=\"_ _2\"></span>,557<span class=\"_ _21\"> </span><span class=\"ff84 lse8 wsde\">914<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>1<span class=\"_ _363\"> </span></span></span>Irelan<span class=\"_ _0\"></span>d*<span class=\"_ _3\"></span>*<span class=\"_ _1e3\"> </span><span class=\"ff83 ls13 ws22\">870,025<span class=\"_ _b4\"> </span></span><span class=\"ls6c ws61\">83<span class=\"_ _0\"></span>3,58<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span>Netherlands<span class=\"_ _1e4\"> </span><span class=\"ff83 ls155 ws169\">3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>3<span class=\"_ _b4\"> </span></span><span class=\"ls15a ws16d\">29<span class=\"_ _2\"></span>0,540<span class=\"_ _363\"> </span></span>Finland<span class=\"_ _1e5\"> </span><span class=\"ff83 ls134 ws145\">14<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,19<span class=\"_ _0\"></span>7<span class=\"_ _126\"> </span></span><span class=\"lsdd ws3b\">7<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>10<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>otal reven<span class=\"_ _0\"></span>ue \u2013 co<span class=\"_ _0\"></span>ntinuin<span class=\"_ _0\"></span>g ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ons<span class=\"_ _13d\"> </span><span class=\"ff83 ls22 ws66\">2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>2<span class=\"_ _40\"> </span></span><span class=\"ls2c ws14\">2,<span class=\"_ _5\"></span>1<span class=\"_ _2\"></span>09,9<span class=\"_ _4\"></span>09<span class=\"_ _363\"> </span></span>* <span class=\"_ _35\"> </span>Se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vi<span class=\"_ _0\"></span>ce r<span class=\"_ _0\"></span>even<span class=\"_ _0\"></span>ue f<span class=\"_ _0\"></span>rom c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>inu<span class=\"_ _0\"></span>ing o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>rat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s, w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h is re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>ver t<span class=\"_ _0\"></span>ime<span class=\"_ _0\"></span>, amo<span class=\"_ _0\"></span>unte<span class=\"_ _0\"></span>d to \u00a39<span class=\"_ _0\"></span>.4 mi<span class=\"_ _0\"></span>llio<span class=\"_ _0\"></span>n for t<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod (2<span class=\"_ _0\"></span>021: \u00a38.7 mil<span class=\"_ _0\"></span>lio<span class=\"_ _0\"></span>n)<span class=\"_ _363\"> </span>*<span class=\"_ _0\"></span><span class=\"_ _363\">* </span><span class=\"_ _36\"> </span>Graf<span class=\"_ _0\"></span>to<span class=\"_ _0\"></span><span class=\"_ _363\">n Gro</span><span class=\"_ _0\"></span><span class=\"_ _363\">up p</span><span class=\"_ _0\"></span><span class=\"_ _363\">lc is d</span><span class=\"_ _0\"></span>omi<span class=\"_ _0\"></span>cil<span class=\"_ _0\"></span><span class=\"_ _363\">ed i</span><span class=\"_ _0\"></span><span class=\"_ _363\">n the R</span><span class=\"_ _0\"></span>epu<span class=\"_ _0\"></span>bli<span class=\"_ _0\"></span><span class=\"_ _363\">c of Ire</span><span class=\"_ _0\"></span>lan<span class=\"_ _0\"></span><span class=\"_ _363\">d and t</span><span class=\"_ _0\"></span><span class=\"_ _363\">he re</span><span class=\"_ _0\"></span>ven<span class=\"_ _0\"></span><span class=\"_ _363\">ues f</span><span class=\"_ _0\"></span><span class=\"_ _363\">rom e</span><span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span><span class=\"_ _363\">nal c</span><span class=\"_ _0\"></span>usto<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span><span class=\"_ _363\">rs in I</span><span class=\"_ _0\"></span>rel<span class=\"_ _0\"></span><span class=\"_ _363\">and we</span><span class=\"_ _0\"></span><span class=\"_ _363\">re \u00a38</span><span class=\"_ _0\"></span>70.0<span class=\"_ _0\"></span><span class=\"_ _363\">m (20</span><span class=\"_ _0\"></span><span class=\"_ _363\">21: \u00a383</span><span class=\"_ _0\"></span>3.6<span class=\"_ _0\"></span>m)<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e analys<span class=\"_ _0\"></span>is of geo<span class=\"_ _0\"></span>grap<span class=\"_ _0\"></span>hic reve<span class=\"_ _0\"></span>nue ab<span class=\"_ _0\"></span>ove is the s<span class=\"_ _0\"></span>ame wh<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>er it is b<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n loc<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of assets o<span class=\"_ _0\"></span>r custom<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>2<span class=\"_ _0\"></span>. <span class=\"_ _45\"> </span>Segment<span class=\"_ _2\"></span> I<span class=\"_ _0\"></span>nformation<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Group Balance Sheet<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Segmen<span class=\"_ _0\"></span>t assets<span class=\"_ _363\"> </span>Distri<span class=\"_ _4\"></span>bution<span class=\"_ _1db\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>1<span class=\"_ _1af\"> </span></span><span class=\"lsdd ws3b\">1,7<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>3<span class=\"_ _363\"> </span></span>Retailin<span class=\"_ _0\"></span>g<span class=\"_ _1ce\"> </span><span class=\"ff83 ls68 ws5d\">1<span class=\"_ _2\"></span>98,295<span class=\"_ _b4\"> </span><span class=\"ff84 lsdd ws3b\">210<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _363\"> </span></span></span>Manufacturing<span class=\"_ _11b\"> </span><span class=\"ff83 ls33 ws29\">111,<span class=\"_ _34\"></span>3<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>0<span class=\"_ _8c\"> </span></span><span class=\"ls37 ws2d\">10<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,7<span class=\"_ _3\"></span>16<span class=\"_ _363\"> </span></span>2,262,33<span class=\"_ _4\"></span>6<span class=\"_ _eb\"> </span><span class=\"ff84 ls20 ws19\">2,096,08<span class=\"_ _0\"></span>9<span class=\"_ _363\"> </span></span>Unallo<span class=\"_ _2\"></span>cated as<span class=\"_ _2\"></span>sets<span class=\"_ _363\"> </span>Defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax as<span class=\"_ _0\"></span>sets<span class=\"_ _195\"> </span><span class=\"ff83 ls8b ws7c\">8,0<span class=\"_ _0\"></span>63<span class=\"_ _a3\"> </span></span><span class=\"ls144 ws152\">8<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>3<span class=\"_ _363\"> </span></span>Retire<span class=\"_ _0\"></span>ment b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t asset<span class=\"_ _0\"></span>s<span class=\"_ _194\"> </span><span class=\"ff83 ls6c ws61\">4,584<span class=\"_ _6d\"> </span></span><span class=\"ls6e ws10\">3,596<span class=\"_ _363\"> </span></span>Oth<span class=\"_ _0\"></span>er financial assets<span class=\"_ _1e6\"> </span><span class=\"ff83 ls89 wsd0\">12<span class=\"_ _0\"></span>9<span class=\"_ _10c\"> </span><span class=\"ff84\">12<span class=\"_ _0\"></span>6<span class=\"_ _363\"> </span></span></span>Cash an<span class=\"_ _0\"></span>d cash e<span class=\"_ _0\"></span>quiva<span class=\"_ _0\"></span>lents<span class=\"_ _1ad\"> </span><span class=\"ff83 ls33 ws29\">7<span class=\"_ _3\"></span>11<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1<span class=\"_ _b0\"> </span></span><span class=\"lsc0 ws9a\">84<span class=\"_ _0\"></span>4,663<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>otal assets<span class=\"_ _116\"> </span><span class=\"lsa7 ws9c\">2<span class=\"_ _0\"></span>,986<span class=\"_ _0\"></span>,8<span class=\"_ _0\"></span>33<span class=\"_ _cc\"> </span><span class=\"ff84 ls18 ws12\">2,95<span class=\"_ _0\"></span>3,<span class=\"_ _0\"></span>267<span class=\"_ _363\"> </span></span></span>2022  \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Segme<span class=\"_ _0\"></span>nt liabilities<span class=\"_ _363\"> </span>Distri<span class=\"_ _4\"></span>bution<span class=\"_ _1a5\"> </span><span class=\"ff83 ls146 ws155\">6<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _11f\"> </span></span><span class=\"ls132 ws146\">6<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,1<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _363\"> </span></span>Retailin<span class=\"_ _0\"></span>g<span class=\"_ _1ce\"> </span><span class=\"ff83 lse7 wsb8\">18<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>5<span class=\"_ _64\"> </span></span><span class=\"ls132 ws146\">2<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,14<span class=\"_ _3\"></span>7<span class=\"_ _363\"> </span></span>Manufacturing<span class=\"_ _1e7\"> </span><span class=\"ff83\">33,5<span class=\"_ _0\"></span>45<span class=\"_ _c4\"> </span></span><span class=\"ls1a ws7d\">30,3<span class=\"_ _0\"></span>35<span class=\"_ _363\"> </span></span>8<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>9<span class=\"_ _b0\"> </span><span class=\"ff84 ls13 ws22\">8<span class=\"_ _0\"></span>89,6<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span>Unalloc<span class=\"_ _0\"></span>ated liabilities<span class=\"_ _363\"> </span>Interest b<span class=\"_ _0\"></span>ear<span class=\"_ _0\"></span>ing loa<span class=\"_ _0\"></span>ns and b<span class=\"_ _0\"></span>orrowi<span class=\"_ _0\"></span>ngs (curre<span class=\"_ _0\"></span>nt and no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent)<span class=\"_ _1e8\"> </span><span class=\"ff83 ls47 ws3d\">253,50<span class=\"_ _0\"></span>2<span class=\"_ _b0\"> </span></span><span class=\"ls12f ws7a\">25<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>,6<span class=\"_ _3\"></span>31<span class=\"_ _363\"> </span></span>Retire<span class=\"_ _0\"></span>ment b<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>efi<span class=\"_ _0\"></span>t oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns<span class=\"_ _a6\"> </span><span class=\"ff83 ls8b ws7c\">1<span class=\"_ _2\"></span>5,06<span class=\"_ _0\"></span>8<span class=\"_ _76\"> </span><span class=\"ff84 ls6b wsb\">1<span class=\"_ _2\"></span>5,067<span class=\"_ _363\"> </span></span></span>Defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>ies<span class=\"_ _1e2\"> </span><span class=\"ff83 ls33 ws29\">6<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>11<span class=\"_ _76\"> </span></span><span class=\"ls36 wsf\">56,<span class=\"_ _0\"></span>402<span class=\"_ _363\"> </span></span>Cur<span class=\"_ _0\"></span>rent inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e tax li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>ies<span class=\"_ _193\"> </span><span class=\"ff83 lsa7 ws9c\">20,595<span class=\"_ _126\"> </span></span><span class=\"ls6b wsb\">1<span class=\"_ _2\"></span>5,956<span class=\"_ _363\"> </span></span>De<span class=\"_ _0\"></span>rivat<span class=\"_ _0\"></span>ive f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ents (curr<span class=\"_ _0\"></span>ent)<span class=\"_ _187\"> </span><span class=\"ff83 ls20 ws19\">29<span class=\"_ _f7\"> </span></span><span class=\"ls2\">8<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>otal liabilit<span class=\"_ _4\"></span>ies<span class=\"_ _195\"> </span><span class=\"ls22 ws66\">1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>41,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _9d\"> </span><span class=\"ff84 lsdd ws3b\">1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>8<span class=\"_ _363\"> </span></span></span>Other segment infor<span class=\"_ _2\"></span>mat<span class=\"_ _0\"></span>ion (<span class=\"_ _2\"></span>includes discon<span class=\"_ _4\"></span>tinued operations in<span class=\"_ _4\"></span> 2021<span class=\"_ _2\"></span>)<span class=\"_ _363\"> </span>Y<span class=\"_ _4\"></span>ea<span class=\"_ _0\"></span>r En<span class=\"_ _0\"></span>de<span class=\"_ _0\"></span>d 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r<span class=\"_ _363\"> </span>Distributio<span class=\"_ _0\"></span>n<span class=\"_ _1e9\"> </span><span class=\"ls11f ws26\">Retailing<span class=\"_ _d4\"> </span>Manufacturing<span class=\"_ _1e9\"> </span><span class=\"lse1 ws11b\">Group<span class=\"_ _363\"> </span></span></span>2022  \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>2022  \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>2022  \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>2022  \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Capital expen<span class=\"_ _4\"></span>ditur<span class=\"_ _4\"></span>e<span class=\"_ _1a9\"> </span><span class=\"ff83 ls97 ws88\">46,<span class=\"_ _2\"></span>10<span class=\"_ _4\"></span>7<span class=\"_ _c8\"> </span><span class=\"ff84 ls47 ws3d\">3<span class=\"_ _0\"></span>4,<span class=\"_ _0\"></span>357<span class=\"_ _1ea\"> </span></span><span class=\"ls8b ws7c\">3,085<span class=\"_ _1ea\"> </span><span class=\"ff84 ls6b wsb\">5,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>40<span class=\"_ _9d\"> </span></span><span class=\"ls89 wsd0\">6<span class=\"_ _3\"></span>,12<span class=\"_ _0\"></span>6<span class=\"_ _10d\"> </span><span class=\"ff84 ls3f ws36\">3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>19<span class=\"_ _27\"> </span></span><span class=\"lse7 wsb8\">5<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>18<span class=\"_ _c6\"> </span><span class=\"ff84 ls37 ws2d\">4<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>16<span class=\"_ _363\"> </span></span></span></span></span></span>Investm<span class=\"_ _0\"></span>ent in int<span class=\"_ _0\"></span>angib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>ts<span class=\"_ _5e\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>51<span class=\"_ _11f\"> </span></span><span class=\"lsa2 ws97\">24<span class=\"_ _0\"></span>3<span class=\"_ _2c\"> </span></span><span class=\"ff83 ls2\">369<span class=\"_ _6d\"> </span><span class=\"ff84\">\u2013<span class=\"_ _db\"> </span></span><span class=\"ls1a ws7d\">702<span class=\"_ _2c\"> </span></span></span><span class=\"ls8e ws81\">584<span class=\"_ _2b\"> </span><span class=\"ff83 ls18 ws12\">2,52<span class=\"_ _0\"></span>2<span class=\"_ _21\"> </span></span><span class=\"ls13 ws22\">827<span class=\"_ _363\"> </span></span></span>Intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>ets ac<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d<span class=\"_ _17\"> </span><span class=\"ff83 lsa7 ws9c\">20,594<span class=\"_ _27\"> </span></span><span class=\"ls13 ws22\">79,0<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4<span class=\"_ _6d\"> </span></span><span class=\"ff83 ls2\">\u2013<span class=\"_ _6e\"> </span><span class=\"ff84\">\u2013<span class=\"_ _6d\"> </span></span>\u2013<span class=\"_ _6d\"> </span><span class=\"ff84\">\u2013<span class=\"_ _9a\"> </span></span><span class=\"lsa7 ws9c\">20,594<span class=\"_ _27\"> </span></span></span><span class=\"ls13 ws22\">79,0<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span>De<span class=\"_ _0\"></span>prec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n on pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ty, plant &amp; eq<span class=\"_ _0\"></span>uipm<span class=\"_ _0\"></span>ent<span class=\"_ _db\"> </span><span class=\"ff83 lsdb wsb1\">2<span class=\"_ _0\"></span>6,<span class=\"_ _0\"></span>575<span class=\"_ _134\"> </span></span><span class=\"lsdd ws3b\">3<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _40\"> </span><span class=\"ff83 ls134 ws145\">4<span class=\"_ _3\"></span>,14<span class=\"_ _0\"></span>7<span class=\"_ _40\"> </span></span><span class=\"ls1a ws7d\">3,<span class=\"_ _0\"></span>579<span class=\"_ _1ea\"> </span><span class=\"ff83 ls15 ws32\">3,4<span class=\"_ _0\"></span>49<span class=\"_ _80\"> </span></span><span class=\"ls132 ws146\">3<span class=\"_ _3\"></span>,17<span class=\"_ _3\"></span>1<span class=\"_ _1eb\"> </span><span class=\"ff83 ls134 ws145\">3<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>,17<span class=\"_ _3\"></span>1<span class=\"_ _1eb\"> </span></span><span class=\"ls12a wsab\">38,27<span class=\"_ _2\"></span>0<span class=\"_ _363\"> </span></span></span></span></span>De<span class=\"_ _0\"></span>prec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n on r<span class=\"_ _0\"></span>ight-<span class=\"_ _0\"></span>of use ass<span class=\"_ _0\"></span>et<span class=\"_ _1b9\"> </span><span class=\"ff83 ls89 wsd0\">4<span class=\"_ _34\"></span>3<span class=\"_ _0\"></span>,12<span class=\"_ _3\"></span>5<span class=\"_ _98\"> </span></span><span class=\"ls14e ws15e\">4<span class=\"_ _34\"> </span>3<span class=\"_ _34\"></span>,1<span class=\"_ _0\"></span>74<span class=\"_ _c5\"> </span><span class=\"ff83 ls89 wsd0\">15<span class=\"_ _3\"></span>,7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _c6\"> </span></span><span class=\"ls19 ws13\">15<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _9d\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>7<span class=\"_ _21\"> </span></span><span class=\"ls36 wsf\">829<span class=\"_ _c8\"> </span><span class=\"ff83 ls134 ws145\">6<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,14<span class=\"_ _0\"></span>2<span class=\"_ _c3\"> </span></span><span class=\"lsa2 ws97\">5<span class=\"_ _0\"></span>9,<span class=\"_ _0\"></span>624<span class=\"_ _363\"> </span></span></span></span></span>Am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isatio<span class=\"_ _0\"></span>n of intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>ets<span class=\"_ _24\"> </span><span class=\"ff83 ls134 ws145\">18<span class=\"_ _3\"></span>,10<span class=\"_ _3\"></span>7<span class=\"_ _c5\"> </span></span><span class=\"ls12a wsab\">1<span class=\"_ _2\"></span>5,000<span class=\"_ _2c\"> </span><span class=\"ff83 lse0 wsd7\">13<span class=\"_ _3\"></span>0<span class=\"_ _8c\"> </span></span><span class=\"ls89 wsd0\">12<span class=\"_ _3\"></span>2<span class=\"_ _1ea\"> </span><span class=\"ff83 ls8b ws7c\">2<span class=\"_ _0\"></span>,058<span class=\"_ _9d\"> </span></span><span class=\"lsa7 ws9c\">2,0<span class=\"_ _0\"></span>62<span class=\"_ _9b\"> </span><span class=\"ff83 ls13 ws22\">20,<span class=\"_ _0\"></span>295<span class=\"_ _c0\"> </span></span><span class=\"lsdd ws3b\">17,18<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span></span></span></span>Additional geographic<span class=\"_ _4\"></span> analysis<span class=\"_ _2\"></span> (includes<span class=\"_ _2\"></span> discontinued operations in 2021<span class=\"_ _2\"></span>)<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e following is a g<span class=\"_ _0\"></span>eo<span class=\"_ _0\"></span>grap<span class=\"_ _0\"></span>hic an<span class=\"_ _0\"></span>alysis of th<span class=\"_ _0\"></span>e inform<span class=\"_ _0\"></span>ation p<span class=\"_ _0\"></span>rese<span class=\"_ _0\"></span>nted above.<span class=\"_ _363\"> </span>Finland<span class=\"_ _12\"> </span><span class=\"ls1f wsc\">Ireland<span class=\"_ _1cc\"> </span><span class=\"lse1 ws11b\">Ne<span class=\"_ _0\"></span>therlands<span class=\"_ _1ec\"> </span><span class=\"lsa9 ws9e\">UK<span class=\"_ _105\"> </span></span>Group<span class=\"_ _363\"> </span></span></span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Capital expen<span class=\"_ _4\"></span>ditur<span class=\"_ _4\"></span>e<span class=\"_ _b7\"> </span><span class=\"ff83 ls78 ws6b\">2,336<span class=\"_ _c0\"> </span></span><span class=\"lsdd ws3b\">1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>8<span class=\"_ _145\"> </span><span class=\"ff83 ls134 ws145\">16<span class=\"_ _3\"></span>,13<span class=\"_ _3\"></span>8<span class=\"_ _c7\"> </span></span><span class=\"ls89 wsd0\">12<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>5<span class=\"_ _c3\"> </span><span class=\"ff83 ls6c ws61\">4,386<span class=\"_ _98\"> </span></span><span class=\"ls0 ws77\">3,<span class=\"_ _0\"></span>529<span class=\"_ _135\"> </span></span></span></span><span class=\"ff83 ls12a\">32,458<span class=\"_ _145\"> </span></span><span class=\"ls14e ws15e\">2<span class=\"_ _0\"></span>6<span class=\"_ _34\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _34\"> </span>4<span class=\"_ _b3\"> </span><span class=\"ff83 lse7 wsb8\">5<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>18<span class=\"_ _c7\"> </span></span><span class=\"ls37 ws2d\">4<span class=\"_ _34\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>16<span class=\"_ _363\"> </span></span></span>Investm<span class=\"_ _0\"></span>ent in int<span class=\"_ _0\"></span>angib<span class=\"_ _0\"></span>le asse<span class=\"_ _0\"></span>ts<span class=\"_ _b2\"> </span><span class=\"ff83 ls6c ws61\">772<span class=\"_ _6c\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _94\"> </span><span class=\"ff83\">369<span class=\"_ _6c\"> </span></span>\u2013<span class=\"_ _1ed\"> </span><span class=\"ff83 ls14 wsb9\">376<span class=\"_ _e9\"> </span></span><span class=\"ls3e ws35\">75<span class=\"_ _c3\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _c2\"> </span></span>752<span class=\"_ _1eb\"> </span><span class=\"ff83 ls18 ws12\">2<span class=\"_ _0\"></span>,522<span class=\"_ _69\"> </span></span><span class=\"ls13 ws22\">8<span class=\"_ _0\"></span>27<span class=\"_ _363\"> </span></span></span></span>Intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>ets ac<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d<span class=\"_ _1cc\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _b3\"> </span></span><span class=\"ls14e ws15e\">74<span class=\"_ _34\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>5<span class=\"_ _34\"> </span>4<span class=\"_ _b3\"> </span><span class=\"ff83 ls6c ws61\">1<span class=\"_ _2\"></span>2,586<span class=\"_ _98\"> </span><span class=\"ff84 ls14e ws15e\">4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>74<span class=\"_ _3\"></span>0<span class=\"_ _98\"> </span></span><span class=\"ls134 ws145\">6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>19<span class=\"_ _5f\"> </span><span class=\"ff84 ls2 ws0\">\u2013<span class=\"_ _c6\"> </span></span><span class=\"ls22 ws66\">1,7<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>9<span class=\"_ _5f\"> </span><span class=\"ff84 ls2 ws0\">\u2013<span class=\"_ _43\"> </span></span><span class=\"lsa7 ws9c\">20,59<span class=\"_ _0\"></span>4<span class=\"_ _99\"> </span><span class=\"ff84 ls13 ws22\">79,0<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span></span></span></span></span></span>Se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt non<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>curr<span class=\"_ _0\"></span>ent asse<span class=\"_ _0\"></span>ts<span class=\"_ _c5\"> </span><span class=\"ff83 ls3f ws36\">14<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>7<span class=\"_ _ae\"> </span></span><span class=\"ls89 wsd0\">12<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>1<span class=\"_ _97\"> </span><span class=\"ff83 ls134 ws145\">4<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,14<span class=\"_ _3\"></span>3<span class=\"_ _97\"> </span></span><span class=\"ls1a ws7d\">4<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>0,020<span class=\"_ _89\"> </span><span class=\"ff83 ls134 ws145\">2<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>,14<span class=\"_ _0\"></span>1<span class=\"_ _147\"> </span></span><span class=\"ls143 ws151\">2<span class=\"_ _3\"></span>0<span class=\"_ _34\"></span>7,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _34\"> </span>3<span class=\"_ _88\"> </span><span class=\"ff83 lsdb wsb1\">759,6<span class=\"_ _0\"></span>42<span class=\"_ _ae\"> </span></span><span class=\"ls132 ws146\">7<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,14<span class=\"_ _3\"></span>2<span class=\"_ _2a\"> </span><span class=\"ff83 lse0 wsd7\">1<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>13<span class=\"_ _133\"> </span></span></span></span></span>1,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>12<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>6<span class=\"_ _363\"> </span></span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies he<span class=\"_ _0\"></span>ld for sal<span class=\"_ _0\"></span>e<span class=\"_ _1ee\"> </span><span class=\"ff83 ls78 ws6b\">4,364<span class=\"_ _eb\"> </span></span><span class=\"ls132 ws146\">6<span class=\"_ _3\"></span>,12<span class=\"_ _3\"></span>5<span class=\"_ _363\"> </span></span>In<span class=\"_ _4\"></span>vent<span class=\"_ _2\"></span>ories<span class=\"_ _1ef\"> </span><span class=\"ff83 ls15 ws32\">39<span class=\"_ _0\"></span>9,5<span class=\"_ _0\"></span>65<span class=\"_ _147\"> </span></span><span class=\"ls132 ws146\">3<span class=\"_ _3\"></span>4<span class=\"_ _34\"></span>4<span class=\"_ _3\"></span>,17<span class=\"_ _3\"></span>2<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r rec<span class=\"_ _0\"></span>eivab<span class=\"_ _0\"></span>les<span class=\"_ _1f0\"> </span><span class=\"ff83 ls146 ws155\">2<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>7,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _b9\"> </span></span><span class=\"ls20 ws19\">233,4<span class=\"_ _0\"></span>86<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>otal se<span class=\"_ _0\"></span>gment a<span class=\"_ _0\"></span>ssets<span class=\"_ _1f1\"> </span><span class=\"ff83 ls12a wsab\">2,262,33<span class=\"_ _4\"></span>6<span class=\"_ _1f2\"> </span><span class=\"ff84 ls20 ws19\">2,09<span class=\"_ _0\"></span>6,089<span class=\"_ _363\"> </span></span></span>Se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt liabilit<span class=\"_ _0\"></span>ies<span class=\"_ _b7\"> </span><span class=\"ff83 ls155 ws169\">39<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>8<span class=\"_ _99\"> </span></span><span class=\"ls20 ws19\">3<span class=\"_ _0\"></span>2,03<span class=\"_ _0\"></span>4<span class=\"_ _97\"> </span><span class=\"ff83 lse7 wsb8\">3<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,7<span class=\"_ _0\"></span>18<span class=\"_ _147\"> </span></span><span class=\"ls143 ws151\">3<span class=\"_ _3\"></span>7<span class=\"_ _34\"></span>7,<span class=\"_ _34\"></span>4<span class=\"_ _34\"></span>8<span class=\"_ _34\"></span>3<span class=\"_ _f0\"> </span><span class=\"ff83 lsa7 ws9c\">86,9<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>8<span class=\"_ _99\"> </span></span><span class=\"ls1a ws7d\">78,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>34<span class=\"_ _28\"> </span><span class=\"ff83 ls13 ws22\">385,655<span class=\"_ _b9\"> </span></span><span class=\"lsdd ws3b\">4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>3<span class=\"_ _88\"> </span><span class=\"ff83 ls22 ws66\">8<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>9<span class=\"_ _88\"> </span></span><span class=\"ls13 ws22\">88<span class=\"_ _0\"></span>9,6<span class=\"_ _0\"></span>04<span class=\"_ _363\"> </span></span></span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-658": {
   "value": "3.  Operating Costs and Income The following have been charged/(credited) in arriving at operating profit: 2022 Total  \u00a3\u2019000 2021 Continuing  \u00a3\u2019000 2021 Total  \u00a3\u2019000 (Increase) in inventories (Note 26) (34,664) (74,856) (81,014) Purchases and consumables 1,467,492 1,353,858 1,745,756 Staff costs before non-recurring items (Note 6) 337,204 317,056 373,552 Auditor\u2019s remuneration \u2013 Group and subsidiaries 1,250 1,020 1,040 Auditor\u2019s remuneration \u2013 Audit services provided by other firms 97 186 186 Depreciation (Note 13a) 34,171 30,289 38,270 Depreciation on right-of-use assets (Note 13b) 60,142 54,552 59,624 Lease rentals and other hire charges (Note 13b) 1,847 1,374 1,464 Amortisation of intangible assets (Note 15) 20,295 15,536 17,184 (Profit)/loss on disposal of property, plant and equipment (248) 337 522 Acquisition related costs 2,306 4,129 4,129 Selling, distribution and administrative expenses 172,705 154,006 190,647 2,062,597 1,857,487 2,351,360 The following services were provided by the Group\u2019s Auditor: 2022 \u00a3\u2019000 2021  \u00a3\u2019000 Audit services \u2013 Group Auditor \u2013 PwC Ireland 738 662 \u2013 Other network firm \u2013 PwC 470 355 1,208 1,017 Other assurance services \u2013 Group Auditor \u2013 PwC Ireland 13 13 \u2013 Other network firm \u2013 PwC 10 10 23 23 Auditor\u2019s remuneration \u2013 Group and subsidiaries 1,231 1,040 Other non-audit services \u2013 Group Auditor \u2013 PwC Ireland 19 \u2013 \u2013 Other network firm \u2013 PwC \u2013 \u2013 19 \u2013 Tax advisory services \u2013 Group Auditor \u2013 PwC Ireland \u2013 \u2013 \u2013 Other network firm \u2013 PwC \u2013 \u2013 \u2013 \u2013 Total (including expenses) \u2013 Group Auditor \u2013 PwC Ireland  770 675 \u2013 Other network firm \u2013 PwC 480 365 1,250 1,040 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-614": {
   "value": "3.  Operating Costs and Income The following have been charged/(credited) in arriving at operating profit: 2022 Total  \u00a3\u2019000 2021 Continuing  \u00a3\u2019000 2021 Total  \u00a3\u2019000 (Increase) in inventories (Note 26) (34,664) (74,856) (81,014) Purchases and consumables 1,467,492 1,353,858 1,745,756 Staff costs before non-recurring items (Note 6) 337,204 317,056 373,552 Auditor\u2019s remuneration \u2013 Group and subsidiaries 1,250 1,020 1,040 Auditor\u2019s remuneration \u2013 Audit services provided by other firms 97 186 186 Depreciation (Note 13a) 34,171 30,289 38,270 Depreciation on right-of-use assets (Note 13b) 60,142 54,552 59,624 Lease rentals and other hire charges (Note 13b) 1,847 1,374 1,464 Amortisation of intangible assets (Note 15) 20,295 15,536 17,184 (Profit)/loss on disposal of property, plant and equipment (248) 337 522 Acquisition related costs 2,306 4,129 4,129 Selling, distribution and administrative expenses 172,705 154,006 190,647 2,062,597 1,857,487 2,351,360 The following services were provided by the Group\u2019s Auditor: 2022 \u00a3\u2019000 2021  \u00a3\u2019000 Audit services \u2013 Group Auditor \u2013 PwC Ireland 738 662 \u2013 Other network firm \u2013 PwC 470 355 1,208 1,017 Other assurance services \u2013 Group Auditor \u2013 PwC Ireland 13 13 \u2013 Other network firm \u2013 PwC 10 10 23 23 Auditor\u2019s remuneration \u2013 Group and subsidiaries 1,231 1,040 Other non-audit services \u2013 Group Auditor \u2013 PwC Ireland 19 \u2013 \u2013 Other network firm \u2013 PwC \u2013 \u2013 19 \u2013 Tax advisory services \u2013 Group Auditor \u2013 PwC Ireland \u2013 \u2013 \u2013 Other network firm \u2013 PwC \u2013 \u2013 \u2013 \u2013 Total (including expenses) \u2013 Group Auditor \u2013 PwC Ireland  770 675 \u2013 Other network firm \u2013 PwC 480 365 1,250 1,040 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-615": {
   "value": "4.  Property Profits, Exceptional Items and Non-Recurring Items The property profit of \u00a325.4 million (2021: \u00a316.7 million) relates to profit on property disposals of \u00a320.4 million (2021: \u00a36.8 million) and fair value gains of \u00a35.0 million (2021: \u00a39.9 million). In 2022, the Group disposed of six UK properties and one Irish property (2021: one UK property, one Irish property and six properties in Belgium). The fair value gain of \u00a35.0 million in 2022 relates to three investment properties in the UK and three investment properties in Ireland. The fair value gain of \u00a39.9 million recognised in 2021 related to four properties which were transferred to investment properties during the year. These were properties which were retained by the Group following the disposal of the Traditional Merchanting business in Great Britain in 2021. Property profits are detailed further in Note 13. In 2022, a non-recurring curtailment gain of \u00a33.7 million arose on closure to future accrual of a defined benefit pension scheme in Ireland (Note 30). There were no other exceptional items recognised in 2022. Other than the disposal costs of the discontinued operations which are detailed in Note 27, there were no other exceptional costs recognised in 2021. ",
   "dimensions": {
    "concept": "graftongroupplc:DisclosureOfPropertyProfitsExceptionalItemsAndNonRecurringItems",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-616": {
   "value": "5.  Directors\u2019 Remuneration, Pension Entitlements and Interests 2022 \u00a3\u2019000 2021  \u00a3\u2019000 Emoluments 2,185 2,927 Benefits under Long Term Incentive Plan (\u201cLTIP\u201d)* 352 2,194 Total emoluments 2,537 5,121 Emoluments above include the following: Pension payments/contributions** 216 212 216 212 *   For the year ended 31 December 2022, this is the value of LTIP awards that will vest in September 2023. The vesting of these awards was subject to performance conditions over the period from 1 January 2020 to 31 December 2022. The value of the awards is based on the average share price of \u00a37.47 for the three months to 31 December 2022. For the year ended 31 December 2021, this is the value of LTIP awards that vested in May 2022. The value of this award has been updated from that disclosed last year to reflect the share price of \u00a39.71 on the date of vesting. **   This is the amount of contribution payable in respect of the financial year by way of a company contribution to a pension scheme or a taxable payment in lieu of pension made through the payroll. This amount is accruing to two directors at 31 December 2022 (2021: two). Further unaudited information on Directors\u2019 remuneration, pension entitlements and interests in shares and share entitlements is presented in the Report of the Remuneration Committee on Directors\u2019 Remuneration on pages 133 to 145. ",
   "dimensions": {
    "concept": "graftongroupplc:DisclosureOfDirectorsRemunerationPensionEntitlementsAndInterests",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-617": {
   "value": "6. Employment The average number of persons employed during the year by segment was as follows: 2022 Total 2021 Continuing 2021 Total Distribution 7,071 6,819 10,236 Retailing 1,415 1,544 1,544 Manufacturing 318 332 332 Holding company 22 22 22 8,826 8,717 12,134 The aggregate remuneration costs of employees were: 2022 Total \u00a3\u2019000 2021 Continuing* \u00a3\u2019000 2021 Total \u00a3\u2019000 Wages and salaries 290,958 271,683 321,337 Social welfare costs 34,316 29,383 33,836 Share based payments charge 4,719 4,387 5,601 Defined benefit pension (Note 30) (1,737) 2,932 2,932 Defined contribution pension and related costs 8,948 8,671 9,846 Staff costs charged to operating profit 337,204 317,056 373,552 Net finance cost on pension scheme obligations (Note 30) 108 383 383 Charged to income statement 337,312 317, 4 3 9 373,935 Remeasurement loss/(gain) on pension schemes (Note 30) 5,040 (14,886) (14,886) Total employee benefit cost 342,352 302,553 359,049 *  This amount represents the aggregate remuneration costs of employees from continuing operations only. 6. Employment continued The share-based payments charge was derived on the basis of the Group\u2019s expectation of the number of shares likely to vest having regard to the service, the historic performance of the Group over the period since the share entitlements were granted and the forecast performance over the remaining life of share awards. Total capitalised costs in 2022 were \u00a3Nil (2021: \u00a3Nil). Key Management The cost of key management including Directors is set out in the table below: 2022 2021 Number of individuals* 10 8 2022  \u00a3\u2019000 2021  \u00a3\u2019000 Short term employee benefits 2,377 3,276 Share-based payment charge 541 1,395 Retirement benefits expense 275 272 Charged to operating profit 3,193 4,943 *   Includes Avis Darzins who joined on 1 February 2022, Eric Born who joined on 28 November 2022 and Gavin Slark who left on 31 December 2022 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-659": {
   "value": "Key Management The cost of key management including Directors is set out in the table below: 2022 2021 Number of individuals* 10 8 2022 \u00a3\u2019000 2021  \u00a3\u2019000 Short term employee benefits 2,377 3,276 Share-based payment charge 541 1,395 Retirement benefits expense 275 272 Charged to operating profit 3,193 4,943 *   Includes Avis Darzins who joined on 1 February 2022, Eric Born who joined on 28 November 2022 and Gavin Slark who left on 31 December 2022 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-618": {
   "value": "7.  Finance Expense and Finance Income 2022 \u00a3\u2019000 2021 \u00a3\u201900 0 Finance expense: Interest on bank loans, US senior notes and overdrafts 5,591* 6,249 * Interest on lease liabilities 14,919* 14,637 * Net finance cost on pension scheme obligations 108 38 3 Foreign exchange loss 655 \u2013 21,273 21,269 Finance income: Interest income on bank deposits (8,690)* (193) * Foreign exchange gain \u2013 (1,71 1) (8,690) (1,904) Net finance expense recognised in income statement 12,583 19,365 *   Net bank and US senior note interest income of \u00a33.1 million (2021: \u00a36.1 million expense). Including interest on lease liabilities, this amounts to \u00a311.8 million expense (2021:  \u00a320.7 million expense). Amounts relating to items not at fair value through income statement \u2013 Total finance expense on financial liabilities 21,273 21,269 \u2013 Total finance income on financial assets (8,690) (1,904 ) Recognised directly in other comprehensive income Currency translation effects on foreign currency net investments 30,741 (25,168 ) Effective portion of changes in fair value of cash flow hedges (29) 5 7 30,712 (25,111) ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-667": {
   "value": "7.  Finance Expense and Finance Income 2022 \u00a3\u2019000 2021 \u00a3\u201900 Finance expense: Interest on bank loans, US senior notes and overdrafts 5,591* 6,249 Interest on lease liabilities 14,919* 14,637 Net finance cost on pension scheme obligations 108 38 Foreign exchange loss 655 \u2013 21,273 21,269 Finance income: Interest income on bank deposits (8,690)* (193) Foreign exchange gain \u2013 (1,71 (8,690) (1,904) Net finance expense recognised in income statement 12,583 19,365 *   Net bank and US senior note interest income of \u00a33.1 million (2021: \u00a36.1 million expense). Including interest on lease liabilities, this amounts to \u00a311.8 million expense (2021: \u00a320.7 million expense). Amounts relating to items not at fair value through income statement \u2013 Total finance expense on financial liabilities 21,273 21,269 \u2013 Total finance income on financial assets (8,690) (1,904 Recognised directly in other comprehensive income Currency translation effects on foreign currency net investments 30,741 (25,168 Effective portion of changes in fair value of cash flow hedges (29) 5 30,712 (25,11",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-619": {
   "value": "8.  Foreign Currencies The results and cash flows of the subsidiaries with euro functional currencies have been translated into sterling using the average exchange rate for the year. The balance sheets of subsidiaries with euro functional currencies have been translated into sterling at the rate of exchange ruling at the balance sheet date. The average sterling/euro rate of exchange for the year ended 31 December 2022 was Stg85.28 pence (2021: Stg85.96 pence). The sterling/euro exchange rate at 31 December 2022 was Stg88.69 pence (2021: Stg84.03 pence). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEffectOfChangesInForeignExchangeRatesExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-620": {
   "value": "9.  Income Tax (a) Income tax recognised in income statement 2022 \u00a3\u2019000 2021 \u00a3\u2019000 Current tax expense Irish corporation tax  14,001 15,324 UK and other corporation tax 28,318 23,190 42,319 38,514 Deferred tax expense Irish deferred tax relating to the origination and reversal of temporary differences (55) 731 Deferred tax expense resulting from change in tax rates 367 3,493 UK and other deferred tax expense relating to the origination and reversal of temporary differences 434 214 746 4,438 Total income tax expense in income statement 43,065 42,952 Taxation The income tax expense of \u00a343.1 million (2021: \u00a343.0 million) was equivalent to an effective tax rate of 17.1 per cent on profit from continuing operations (2021: 17.2 per cent). The rate is based on the prevailing rates of corporation tax and the mix of profits between the UK, Ireland, the Netherlands and Finland. The tax rate is impacted by the disallowance of a tax deduction for certain overheads including depreciation on property. Taxation paid in 2022 was \u00a339.5 million (2021: \u00a343.7 million). The amount shown for current taxation reflects tax uncertainties and is based on the Directors\u2019 estimate of: (i) the most likely amount; or (ii) the expected value, of the probable outflow of economic resources that will be required. As with all estimates, the actual outcome may be different  to the current estimate. (b) Reconciliation of Effective Tax Rate 2022 \u00a3\u2019000 2021 \u00a3\u2019000 Profit before tax 251,683 249,797 Profit before tax multiplied by the Irish standard rate of tax of 12.5% (2021: 12.5%) 31,460 31,225 Effects of: Expenses not deductible for tax purposes 1,159 1,522 Differences in effective tax rates on overseas earnings 10,887 9,149 Effect of change in tax rates 367 3,493 Items not previously recognised for deferred tax (3,203) (629) Other differences 2,395 (1,808) Total income tax expense in income statement 43,065 42,952 (c) Deferred Tax Recognised Directly in Equity/Other Comprehensive Income 2022 \u00a3\u2019000 2021 \u00a3\u2019000 Actuarial movement on pension schemes (Note 30) (2,558) 3,212 Employee share schemes 1,312 (1,092) (1,246) 2,120 Deferred income tax liabilities have not been recognised for any taxes that would be payable on the unremitted earnings of certain subsidiaries as it is probable that any temporary differences will not reverse in the foreseeable future. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-621": {
   "value": "10. Dividends 2022 \u00a3\u2019000 2021 \u00a3\u2019000 Group Final dividend for 2021 of 22.0p per Grafton Unit \u2013 paid 5 May 2022 52,732 \u2013 Interim dividend for 2022 of 9.25p per Grafton Unit \u2013 paid 7 October 2022 21,136 \u2013 Interim dividend for 2019 of 12.50p per Grafton Unit \u2013 paid 19 February 2021 \u2013 29,892 Final dividend for 2020 of 14.50p per Grafton Unit \u2013 paid 5 May 2021 \u2013 34,685 Interim dividend for 2021 of 8.50p per Grafton Unit \u2013 paid 1 October 2021 \u2013 20,344 73,868 84,921 On 24 March 2020, the Group announced that, as a precautionary measure to preserve liquidity in light of Covid-19, it was suspending the second interim dividend for 2019 of 12.5p per share, which was due to be paid on 6 April 2020. On 21 January 2021, the Group announced the reinstatement of this dividend and it was paid on 19 February in the amount of \u00a329.9 million. The final dividend for the year ended 31 December 2020 of 14.5p was paid on 5 May 2021 in the amount of \u00a334.7 million. An interim dividend for 2021 of 8.5p per share was paid on 1 October 2021 in the amount of \u00a320.3 million with the final dividend for 2021 of 22.0p per share paid on 5 May 2022 in the amount of \u00a352.7 million. An interim dividend for 2022 of 9.25p per share was paid on 7 October 2022 in the amount of \u00a321.1 million. A final dividend for 2022 of 23.75p per share will be paid to all holders of Grafton Units on the Company\u2019s Register of Members at the close of business on 14 April 2023 (the \u2018Record Date\u2019). The Ex-dividend date is 13 April 2023. The cash consideration will be paid on 11 May 2023. A liability in respect of the final dividend has not been recognised at 31 December 2022, as there was no obligation to pay any dividends at the end of the year. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDividendsExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-622": {
   "value": "11.  Earnings Per Share \u2013 Group The computation of basic, diluted and adjusted earnings per share is set out below. 2022 \u00a3\u2019000 2021 \u00a3\u2019000 Numerator for basic, adjusted and diluted earnings per share: Profit after tax for the financial year from continuing operations 208,618 206,845 Profit after tax for the financial year from discontinued operations \u2013 134,422 Numerator for basic and diluted earnings per share 208,618 341,267 Profit after tax for the financial year from continuing operations 208,618 206,845 Amortisation of intangible assets arising on acquisitions 19,286 14,688 Tax relating to amortisation of intangible assets arising on acquisitions (4,329) (3,151) Acquisition related items 2,306 4,129 Tax on acquisition related items (235) (74) Numerator for adjusted earnings per share 225,646 222,437 Denominator for basic and adjusted earnings per share: Number of Grafton Units Number of Grafton Units Weighted average number of Grafton Units in issue 233,517,016 239,294,286 Dilutive effect of options and awards 423,503 478,708 Denominator for diluted earnings per share 233,940,519 239,772,994 Earnings per share (pence) \u2013 from continuing operations \u2013 Basic 89.34 86.44 \u2013 Diluted 89.18 86.27 Adjusted earnings per share (pence) \u2013 from continuing operations* \u2013 Basic 96.63 92.95 \u2013 Diluted 96.45 92.77 Earnings per share (pence) \u2013 from discontinued operations \u2013 Basic \u2013 56.17 \u2013 Diluted \u2013 56.06 Earnings per share (pence) \u2013 from total operations \u2013 Basic 89.34 142.61 \u2013 Diluted 89.18 142.33 *   The term \u201cAdjusted\u201d means before exceptional items, amortisation of intangible assets arising on acquisitions and acquisition related items. The weighted average potential employee share entitlements over 616,223 Grafton Units (2021: 1,169,931) which are currently anti-dilutive are not included in the above calculation for diluted earnings per share and adjusted diluted earnings per share. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-623": {
   "value": "12. Goodwill Cost 2022 \u00a3\u2019000 2021 \u00a3\u2019000 At 1 January 599,810 704,064 Arising on acquisitions (Note 27) 18,965 40,725 Disposal of Group businesses (Note 27) \u2013 (126,291) Translation adjustment 16,976 (18,688) At 31 December 635,751 599,810 Goodwill Acquired Goodwill acquired during the year in the amount of \u00a319.0 million (2021: \u00a340.7 million) was allocated to the Ireland, Netherlands and UK distribution CGUs. Goodwill on these acquisitions reflects the anticipated purchasing and operational synergies to be realised as part of the enlarged Group. Intangible assets which formed part of the acquisition consideration are detailed in Note 15. Disposal of Group Businesses In 2021, the Group completed the disposal of the traditional merchanting business in Great Britain which was no longer considered to be a long- term strategic fit in the Group\u2019s portfolio of businesses. This resulted in a reduction of goodwill amounting to \u00a3126.3 million. Goodwill Impaired There were no impairments during the year (2021: \u00a3Nil). Total accumulated impairment losses at 31 December 2022 amounted to \u00a3Nil (2021: \u00a3Nil). Cash Generating Units Goodwill arising as part of a business combination is allocated to groups of cash generating units (\u201cCGUs\u201d) for the purpose of impairment  testing based on the Group\u2019s existing business segments or, where appropriate, recognition of a new CGU. The CGUs represent the lowest  level at which goodwill is monitored for internal management purposes and are not larger than the operating segments determined in  accordance with IFRS 8, Operating Segments. A total of seven CGUs (2021: seven), of which goodwill has been allocated to five, have been identified and these are analysed between the three reportable segments as follows: Cash Generating Units Goodwill 2022 Number 2021 Number 2022 \u00a3\u2019000 2021 \u00a3\u2019000 Distribution 4 4 607,296 571,355 Retailing 1 1 \u2013 \u2013 Manufacturing* 2 2 28,455 28,455 7 7 635,751 599,810 *   Goodwill is allocated to one Manufacturing CGU. Impairment Testing Goodwill is subject to impairment testing on an annual basis at 31 December and additionally during the year if an indicator of impairment is considered to exist. The recoverable amount of each cash generating unit is determined based on value-in-use calculations. The carrying value of each cash generating unit was compared to its estimated value-in-use. There were no impairments during the year (2021: \u00a3Nil). Value-in-use Calculations The value-in-use is calculated on the basis of estimated future cash flows discounted to present value. Estimated future cash flows were determined by reference to the budget for 2023 and management forecasts for each of the following years from 2024 to 2027 inclusive. The terminal value was calculated using a long term growth rate in respect of the years after 2027. The estimates of future cash flows were based on consideration of past experience together with an assessment of the future prospects or each of the businesses within the CGUs. The assumptions used are also referenced against external industry data, where available. The key assumptions used in the value-in-use calculations are the revenue growth rate, the operating margin, the discount rate and the long term growth rate. The pre-tax discount rates used were based on the Group\u2019s estimated weighted average cost of capital, adjusted to reflect risks associated with each CGU. The pre-tax discount rates range from 11.7 per cent to 13.2 per cent (2021: 9.3 per cent to 10.2 per cent). In determining the terminal value of the value-in-use, it was assumed that cash flows after the first five years will increase at a long term growth rate of two per cent (2021: two per cent). The rate assumed was based on an assessment of the likely long term growth prospects of the individual CGUs. 12. Goodwill continued Significant Goodwill Amounts The UK distribution, Irish distribution, Netherlands and Finland distribution CGUs have significant amounts of goodwill. A summary of the allocated goodwill and the assumptions relating to the recoverable amounts of these CGUs is shown below: UK Distribution Irish Distribution Netherlands Distribution Finland Distribution 2022 2021 2022 2021 2022 2021 2022 2021 Goodwill (\u00a3\u2019000) 285,385 275,769 167,503 155,938 118,054 105,206 36,354 34,442 Recoverable amount basis Value-in-use Value-in-use Value-in-use Value-in-use Value-in-use Value-in-use Value-in-use Value-in-use Revenue growth rate average 3.9% 4.1% 4.5% 4.2% 3.8% 3.8% 2.9% 3.9% Long-term growth rate 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% 2.0% Discount rate (pre-tax) 13.2% 10.2% 11.7% 9.3% 12.1% 10.1% 12.2% 9.8% The remaining goodwill balance of \u00a328.5 million (2021: \u00a328.5 million) is allocated to the UK manufacturing CGU and the goodwill amount of this CGU is not significant. Sensitivity Analysis The value-in-use calculations are sensitive to changes in the key assumptions of the revenue growth rate, the discount rate and the long-term growth rate. While management believes that the value-in-use assumptions are prudent, a sensitivity analysis was performed based on reasonable changes in each of the three key assumptions in each CGU. No reasonably possible change in any of the key assumptions would cause the carrying amount to exceed the recoverable amount in the three significant Distribution CGUs. The Finland Distribution CGU\u2019s recoverable amount has more limited headroom over its carrying amount. This was expected as it is a recent addition to the Group and, in view of the short period since it was acquired in July 2021, there has been limited opportunity to increase the recoverable amount. Therefore, it is more sensitive to possible changes in key assumptions. A 75bps increase in the discount rate would eliminate the headroom that Finland Distribution CGU\u2019s recoverable amount has over its carrying amount. Similarly, decreases in either the revenue growth rate or long-term growth rate of 85bps and 105bps respectively would eliminate the current headroom. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-624": {
   "value": "13. <span class=\"_ _1f2\"> </span>Property<span class=\"_ _2\"></span>, Plant and<span class=\"_ _4\"></span> Equipment, Right-of-Use A<span class=\"_ _2\"></span>sset, Properties Held for Sale <span class=\"ls2 ws0\"> </span>and Inv<span class=\"_ _2\"></span>estment Properties<span class=\"_ _363\"> </span>13. (<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>) Property<span class=\"_ _2\"></span>, Plant<span class=\"_ _2\"></span> and Equipment<span class=\"_ _363\"> </span>Freehold<span class=\"_ _4\"></span> land and buildings \u00a3\u2019000<span class=\"_ _363\"> </span>Leasehold improvements/ buildings \u00a3\u2019000<span class=\"_ _363\"> </span>Plant<span class=\"_ _2\"></span> and Machiner<span class=\"_ _0\"></span>y \u00a3\u2019000<span class=\"_ _363\"> </span>Motor<span class=\"_ _4\"></span> Vehicles<span class=\"_ _2\"></span> \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>Y<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _363\"> </span>Op<span class=\"_ _0\"></span>ening n<span class=\"_ _0\"></span>et bo<span class=\"_ _0\"></span>ok am<span class=\"_ _0\"></span>ount<span class=\"_ _230\"> </span><span class=\"ff83 lsc0 ws9a\">1<span class=\"_ _2\"></span>46,36<span class=\"_ _2\"></span>2<span class=\"_ _e9\"> </span><span class=\"ls8b ws7c\">62<span class=\"_ _0\"></span>,30<span class=\"_ _0\"></span>6<span class=\"_ _5b\"> </span><span class=\"ls155 ws169\">8<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9<span class=\"_ _5b\"> </span></span>24,828<span class=\"_ _96\"> </span><span class=\"ls134 ws145\">3<span class=\"_ _0\"></span>19<span class=\"_ _0\"></span>,<span class=\"_ _34\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>5<span class=\"_ _363\"> </span></span></span></span>Additions<span class=\"_ _231\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>3<span class=\"_ _6c\"> </span><span class=\"ls33 ws29\">11<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>12<span class=\"_ _3\"></span>8<span class=\"_ _5d\"> </span><span class=\"ls146 ws155\">3<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>7<span class=\"_ _46\"> </span><span class=\"ls72 wse\">5,540<span class=\"_ _5b\"> </span><span class=\"lse7 wsb8\">5<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>18<span class=\"_ _363\"> </span></span></span></span></span></span>Ar<span class=\"_ _0\"></span>ising o<span class=\"_ _0\"></span>n acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns (Note 27<span class=\"_ _0\"></span>)<span class=\"_ _232\"> </span><span class=\"ff83 ls134 ws145\">3<span class=\"_ _0\"></span>,14<span class=\"_ _3\"></span>0<span class=\"_ _fa\"> </span><span class=\"ls97 ws88\">579<span class=\"_ _11d\"> </span><span class=\"ls12a wsab\">534<span class=\"_ _c1\"> </span><span class=\"ls73 ws68\">406<span class=\"_ _181\"> </span><span class=\"lsa7 ws9c\">4<span class=\"_ _0\"></span>,659<span class=\"_ _363\"> </span></span></span></span></span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _17a\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _1ca\"> </span><span class=\"ls157 ws16b\">(4<span class=\"_ _3\"></span>3)<span class=\"_ _60\"> </span>(4<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>)<span class=\"_ _14c\"> </span><span class=\"ls35 ws2b\">(9<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _a3\"> </span><span class=\"lsa7 ws9c\">(597<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span></span></span>De<span class=\"_ _0\"></span>prec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n charg<span class=\"_ _0\"></span>e (Note 3)<span class=\"_ _bf\"> </span><span class=\"ff83 lse4 wsdc\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>87<span class=\"_ _3\"></span>)<span class=\"_ _e9\"> </span><span class=\"ls146 ws155\">(<span class=\"_ _34\"></span>7,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>)<span class=\"_ _c2\"> </span><span class=\"lse7 wsb8\">(<span class=\"_ _0\"></span>18<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _20\"> </span><span class=\"ls35 ws2b\">(5,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>9)<span class=\"_ _96\"> </span><span class=\"ls134 ws145\">(<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>,17<span class=\"_ _3\"></span>1)<span class=\"_ _363\"> </span></span></span></span></span></span>Rec<span class=\"_ _0\"></span>lassif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation f<span class=\"_ _0\"></span>rom inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _159\"> </span><span class=\"ff83 ls18 ws12\">423<span class=\"_ _e7\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _11d\"> </span></span>423<span class=\"_ _363\"> </span></span>Exchange a<span class=\"_ _4\"></span>djustmen<span class=\"_ _2\"></span>t<span class=\"_ _233\"> </span><span class=\"ff83 ls97 ws88\">6,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>27<span class=\"_ _11d\"> </span><span class=\"ls20 ws19\">353<span class=\"_ _46\"> </span><span class=\"ls155 ws169\">2<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6<span class=\"_ _12f\"> </span></span>289<span class=\"_ _6e\"> </span><span class=\"lsdb wsb1\">9,475<span class=\"_ _363\"> </span></span></span></span>Closi<span class=\"_ _0\"></span>ng net b<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>k amou<span class=\"_ _0\"></span>nt<span class=\"_ _ff\"> </span><span class=\"ff83 ls6c ws61\">1<span class=\"_ _2\"></span>54,54<span class=\"_ _0\"></span>8<span class=\"_ _20\"> </span><span class=\"ls34 ws2a\">6<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>,9<span class=\"_ _0\"></span>51<span class=\"_ _b0\"> </span><span class=\"ls146 ws155\">1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>6<span class=\"_ _5b\"> </span><span class=\"ls97 ws88\">25,<span class=\"_ _0\"></span>277<span class=\"_ _2f\"> </span><span class=\"ls72 wse\">354,402<span class=\"_ _363\"> </span></span></span></span></span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _363\"> </span>Cost<span class=\"_ _234\"> </span><span class=\"ff83 ls1a ws7d\">202<span class=\"_ _0\"></span>,570<span class=\"_ _db\"> </span><span class=\"ls89 wsd0\">12<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>,7<span class=\"_ _3\"></span>19<span class=\"_ _c2\"> </span><span class=\"ls68 ws5d\">298,804<span class=\"_ _11a\"> </span><span class=\"lse7 wsb8\">5<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>18<span class=\"_ _b0\"> </span><span class=\"ls33 ws29\">6<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _34\"></span>3<span class=\"_ _3\"></span>11<span class=\"_ _363\"> </span></span></span></span></span></span>Acc<span class=\"_ _0\"></span>umulate<span class=\"_ _0\"></span>d depre<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ation &amp; i<span class=\"_ _0\"></span>mpair<span class=\"_ _0\"></span>ment l<span class=\"_ _0\"></span>oss<span class=\"_ _235\"> </span><span class=\"ff83 ls157 ws16b\">(4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>2)<span class=\"_ _c2\"> </span><span class=\"ls155 ws169\">(5<span class=\"_ _3\"></span>8,7<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>8)<span class=\"_ _10d\"> </span><span class=\"ls134 ws145\">(<span class=\"_ _0\"></span>19<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,17<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _96\"> </span><span class=\"lse8 wsde\">(2<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>1)<span class=\"_ _1ea\"> </span><span class=\"ls35 ws2b\">(3<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span></span></span></span></span></span>Net b<span class=\"_ _0\"></span>ook a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _236\"> </span><span class=\"ff83 ls6c ws61\">1<span class=\"_ _2\"></span>54,548<span class=\"_ _5b\"> </span><span class=\"ls34 ws2a\">6<span class=\"_ _0\"></span>6,<span class=\"_ _0\"></span>951<span class=\"_ _b0\"> </span><span class=\"ls146 ws155\">1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>6<span class=\"_ _5b\"> </span><span class=\"ls97 ws88\">25,277<span class=\"_ _2f\"> </span><span class=\"ls72 wse\">354,402<span class=\"_ _363\"> </span></span></span></span></span></span>Y<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Op<span class=\"_ _0\"></span>ening n<span class=\"_ _0\"></span>et bo<span class=\"_ _0\"></span>ok am<span class=\"_ _0\"></span>ount<span class=\"_ _237\"> </span><span class=\"ls3e ws35\">26<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>375<span class=\"_ _c4\"> </span><span class=\"ls8b ws7c\">73,5<span class=\"_ _0\"></span>80<span class=\"_ _63\"> </span><span class=\"ls132 ws146\">9<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,12<span class=\"_ _3\"></span>9<span class=\"_ _5d\"> </span></span></span></span><span class=\"ws77\">52<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>45<span class=\"_ _0\"></span>5<span class=\"_ _b0\"> </span><span class=\"ls73 ws68\">493,<span class=\"_ _4\"></span>539<span class=\"_ _363\"> </span></span></span>Additions<span class=\"_ _1c2\"> </span><span class=\"lsdd ws3b\">1,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>8<span class=\"_ _a4\"> </span>6<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>17<span class=\"_ _63\"> </span><span class=\"ls132 ws146\">2<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>0<span class=\"_ _60\"> </span><span class=\"ls14 wsb9\">6,<span class=\"_ _0\"></span>471<span class=\"_ _126\"> </span><span class=\"ls37 ws2d\">4<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>16<span class=\"_ _363\"> </span></span></span></span></span>Ar<span class=\"_ _0\"></span>ising o<span class=\"_ _0\"></span>n acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _209\"> </span><span class=\"lsdf wsd6\">11<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>4<span class=\"_ _34\"></span>4<span class=\"_ _79\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _60\"> </span><span class=\"ls89 wsd0\">5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>12<span class=\"_ _fa\"> </span><span class=\"ls12a wsab\">880<span class=\"_ _76\"> </span><span class=\"lsdd ws3b\">18<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>6<span class=\"_ _363\"> </span></span></span></span></span>Disposal of Gr<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>up businesses<span class=\"_ _238\"> </span><span class=\"lsdf wsd6\">(<span class=\"_ _3\"></span>115<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _34\"></span>3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>)<span class=\"_ _2c\"> </span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>10<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _b4\"> </span><span class=\"lsa2 ws97\">(<span class=\"_ _0\"></span>24,<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4)<span class=\"_ _db\"> </span><span class=\"lse0 wsd7\">(<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>1)<span class=\"_ _92\"> </span><span class=\"ls143 ws151\">(<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>7<span class=\"_ _34\"> </span>7,<span class=\"_ _34\"></span>5<span class=\"_ _3\"></span>15<span class=\"_ _34\"></span>)<span class=\"_ _363\"> </span></span></span></span></span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _239\"> </span><span class=\"lsf ws9b\">(2<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4)<span class=\"_ _12f\"> </span><span class=\"ls105 ws162\">(<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9)<span class=\"_ _a4\"> </span><span class=\"ls35 ws2b\">(9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0)<span class=\"_ _12f\"> </span>(8<span class=\"_ _0\"></span>0)<span class=\"_ _63\"> </span><span class=\"ls132 ws146\">(<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>,13<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span></span></span></span>De<span class=\"_ _0\"></span>prec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n charg<span class=\"_ _0\"></span>e<span class=\"_ _1ba\"> </span><span class=\"ls35 ws2b\">(3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>20)<span class=\"_ _126\"> </span><span class=\"ls14e ws15e\">(<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>74<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>)<span class=\"_ _2c\"> </span><span class=\"ls3f ws36\">(<span class=\"_ _0\"></span>19<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _5f\"> </span><span class=\"lsdf wsd6\">(<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,115<span class=\"_ _34\"></span>)<span class=\"_ _db\"> </span><span class=\"ls12a wsab\">(<span class=\"_ _2\"></span>38,270<span class=\"_ _2\"></span>)<span class=\"_ _363\"> </span></span></span></span></span></span>Impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt charg<span class=\"_ _0\"></span>e<span class=\"_ _23a\"> </span><span class=\"ls2\">\u2013<span class=\"_ _123\"> </span><span class=\"ls35 ws2b\">(2<span class=\"_ _0\"></span>0)<span class=\"_ _ce\"> </span><span class=\"lse8 wsde\">(<span class=\"_ _0\"></span>14<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _22\"> </span></span></span>\u2013<span class=\"_ _18\"> </span><span class=\"ls37 ws2d\">(<span class=\"_ _0\"></span>16<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span></span>Rec<span class=\"_ _0\"></span>lassif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation to p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s held fo<span class=\"_ _0\"></span>r sale<span class=\"_ _23b\"> </span><span class=\"lsa2 ws97\">(324<span class=\"_ _0\"></span>)<span class=\"_ _8b\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _128\"> </span>\u2013<span class=\"_ _18\"> </span><span class=\"lsa2 ws97\">(324)<span class=\"_ _363\"> </span></span></span>Rec<span class=\"_ _0\"></span>lassif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation f<span class=\"_ _0\"></span>rom inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _7\"> </span><span class=\"ls35 ws2b\">(5,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0)<span class=\"_ _22\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _5f\"> </span><span class=\"ls35 ws2b\">(5<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0)<span class=\"_ _363\"> </span></span></span>Exchange a<span class=\"_ _4\"></span>djustmen<span class=\"_ _2\"></span>t<span class=\"_ _220\"> </span><span class=\"ls143 ws151\">(<span class=\"_ _34\"></span>7,<span class=\"_ _34\"></span>4<span class=\"_ _3\"></span>5<span class=\"_ _34\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _ce\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>4)<span class=\"_ _5d\"> </span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>417<span class=\"_ _3\"></span>)<span class=\"_ _ce\"> </span><span class=\"lsf ws9b\">(28<span class=\"_ _0\"></span>2)<span class=\"_ _b0\"> </span></span>(<span class=\"_ _0\"></span>10<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span></span>Closi<span class=\"_ _0\"></span>ng net b<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>k amou<span class=\"_ _0\"></span>nt<span class=\"_ _23c\"> </span><span class=\"lse8 wsde\">14<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>2<span class=\"_ _76\"> </span><span class=\"lsa7 ws9c\">62,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>06<span class=\"_ _5d\"> </span><span class=\"ls144 ws152\">8<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9<span class=\"_ _76\"> </span><span class=\"lsa2 ws97\">24<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>8<span class=\"_ _21\"> </span><span class=\"ls3f ws36\">319<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>5<span class=\"_ _363\"> </span></span></span></span></span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Cost<span class=\"_ _15b\"> </span><span class=\"lsdd ws3b\">18<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _8c\"> </span><span class=\"lsdf wsd6\">113<span class=\"_ _3\"></span>,<span class=\"_ _34\"></span>2<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>5<span class=\"_ _21\"> </span><span class=\"lsb ws55\">259,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>81<span class=\"_ _c4\"> </span><span class=\"ls12a wsab\">48,253<span class=\"_ _2c\"> </span></span></span></span>6<span class=\"_ _0\"></span>10<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _363\"> </span></span>Acc<span class=\"_ _0\"></span>umulate<span class=\"_ _0\"></span>d depre<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ation &amp; i<span class=\"_ _0\"></span>mpair<span class=\"_ _0\"></span>ment l<span class=\"_ _0\"></span>oss<span class=\"_ _23d\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>26<span class=\"_ _3\"></span>4)<span class=\"_ _db\"> </span><span class=\"ls105 ws162\">(5<span class=\"_ _0\"></span>0,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>9)<span class=\"_ _1af\"> </span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>17<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _db\"> </span><span class=\"ls6e ws10\">(<span class=\"_ _2\"></span>23,425)<span class=\"_ _44\"> </span><span class=\"ls132 ws146\">(<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>1,13<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span></span></span></span>Net b<span class=\"_ _0\"></span>ook a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _23e\"> </span><span class=\"lse8 wsde\">14<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>2<span class=\"_ _76\"> </span><span class=\"lsa7 ws9c\">62,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>06<span class=\"_ _5d\"> </span><span class=\"ls144 ws152\">8<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9<span class=\"_ _76\"> </span><span class=\"lsa2 ws97\">24<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>8<span class=\"_ _21\"> </span><span class=\"ls3f ws36\">319<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>5<span class=\"_ _363\"> </span></span></span></span></span></span>Th<span class=\"_ _0\"></span>e Group\u2019s fre<span class=\"_ _0\"></span>eh<span class=\"_ _0\"></span>old an<span class=\"_ _0\"></span>d lon<span class=\"_ _0\"></span>g lease<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>d prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es lo<span class=\"_ _0\"></span>cated in t<span class=\"_ _0\"></span>he Re<span class=\"_ _0\"></span>publi<span class=\"_ _0\"></span>c of Ireland we<span class=\"_ _0\"></span>re professio<span class=\"_ _0\"></span>nally va<span class=\"_ _0\"></span>lued a<span class=\"_ _0\"></span>s at De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ber 1998 by<span class=\"_ _0\"></span> professio<span class=\"_ _0\"></span>nal valu<span class=\"_ _0\"></span>ers in a<span class=\"_ _0\"></span>cco<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce wit<span class=\"_ _0\"></span>h the A<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>raisal an<span class=\"_ _0\"></span>d Valuatio<span class=\"_ _0\"></span>n Manual of t<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>y of Char<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>red Su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>veyor<span class=\"_ _0\"></span>s. Pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y acqu<span class=\"_ _0\"></span>ired<span class=\"_ _0\"></span>/purchas<span class=\"_ _0\"></span>ed af<span class=\"_ _0\"></span>ter De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 1<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>98 is s<span class=\"_ _0\"></span>tated at c<span class=\"_ _0\"></span>ost o<span class=\"_ _0\"></span>r dee<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>t. Pre<span class=\"_ _0\"></span>viou<span class=\"_ _0\"></span>s valuati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h were mad<span class=\"_ _0\"></span>e on an op<span class=\"_ _0\"></span>en ma<span class=\"_ _0\"></span>rket for e<span class=\"_ _0\"></span>xistin<span class=\"_ _0\"></span>g use basis<span class=\"_ _0\"></span>, were de<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>d to be co<span class=\"_ _0\"></span>st for th<span class=\"_ _0\"></span>e pur<span class=\"_ _0\"></span>pose of t<span class=\"_ _0\"></span>he tra<span class=\"_ _0\"></span>nsiti<span class=\"_ _0\"></span>on to IFR<span class=\"_ _0\"></span>S as adopte<span class=\"_ _0\"></span>d by the E<span class=\"_ _0\"></span>U. Th<span class=\"_ _0\"></span>e remain<span class=\"_ _0\"></span>ing pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h are lo<span class=\"_ _0\"></span>cated in t<span class=\"_ _0\"></span>he Uni<span class=\"_ _0\"></span>ted King<span class=\"_ _0\"></span>dom<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e Net<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>lands a<span class=\"_ _0\"></span>nd Finl<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>, are inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>d at cos<span class=\"_ _0\"></span>t less d<span class=\"_ _0\"></span>epre<span class=\"_ _0\"></span>ciat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>13. <span class=\"_ _1f2\"> </span>Property<span class=\"_ _2\"></span>, Plant and<span class=\"_ _4\"></span> Equipment, Right-of-Use A<span class=\"_ _2\"></span>sset, Properties Held for Sale <span class=\"ls2 ws0\"> </span>and Inv<span class=\"_ _2\"></span>estment Properties<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>13<span class=\"_ _0\"></span>. (<span class=\"_ _2\"></span>b<span class=\"_ _4\"></span>) Rig<span class=\"_ _0\"></span>ht-<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>f-<span class=\"_ _0\"></span>Use Ass<span class=\"_ _0\"></span>et<span class=\"_ _363\"> </span>Property &amp; Land Leases \u00a3\u2019000<span class=\"_ _363\"> </span>Ve<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Other Asse<span class=\"_ _0\"></span>ts \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>Y<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _363\"> </span>Op<span class=\"_ _0\"></span>ening b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e at 1 Janua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>22<span class=\"_ _23f\"> </span><span class=\"ff83 ls33 ws29\">4<span class=\"_ _0\"></span>11<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _6e\"> </span><span class=\"ls15 ws32\">9,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>09<span class=\"_ _11d\"> </span><span class=\"ls97 ws88\">79<span class=\"_ _0\"></span>0<span class=\"_ _a1\"> </span><span class=\"ls22 ws66\">4<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span></span></span></span></span>Additions*<span class=\"_ _240\"> </span><span class=\"ff83 ls146 ws155\">2<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>9<span class=\"_ _a3\"> </span><span class=\"lsc2 ws168\">4<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _3\"></span>4<span class=\"_ _8b\"> </span><span class=\"lse7 wsb8\">18<span class=\"_ _76\"> </span><span class=\"ls22 ws66\">3<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>1<span class=\"_ _363\"> </span></span></span></span></span>Ar<span class=\"_ _0\"></span>ising o<span class=\"_ _0\"></span>n acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns (Note 27<span class=\"_ _0\"></span>)<span class=\"_ _241\"> </span><span class=\"ff83 ls12a wsab\">2,<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>45<span class=\"_ _114\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _6d\"> </span></span>2,<span class=\"_ _4\"></span>7<span class=\"_ _2\"></span>45<span class=\"_ _363\"> </span></span>De<span class=\"_ _0\"></span>prec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n charg<span class=\"_ _0\"></span>e (Note 3)<span class=\"_ _1f8\"> </span><span class=\"ff83 ls103 wsf8\">(5<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,6<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>0)<span class=\"_ _e9\"> </span><span class=\"ls157 ws16b\">(4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>0)<span class=\"_ _11d\"> </span><span class=\"ls144 ws152\">(62<span class=\"_ _0\"></span>)<span class=\"_ _96\"> </span><span class=\"ls134 ws145\">(<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>,14<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span></span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _152\"> </span><span class=\"ff83 ls22 ws66\">(<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _60\"> </span><span class=\"ls16 ws10c\">(33<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _8b\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _126\"> </span><span class=\"ls35 ws2b\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span></span></span></span></span>Reme<span class=\"_ _0\"></span>asurem<span class=\"_ _0\"></span>ents*<span class=\"_ _242\"> </span><span class=\"ff83 ls33 ws29\">16<span class=\"_ _34\"></span>,111<span class=\"_ _10c\"> </span>11<span class=\"_ _0\"></span>5<span class=\"_ _d0\"> </span><span class=\"lsbd wsb4\">(5<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>8)<span class=\"_ _21\"> </span><span class=\"ls8b ws7c\">1<span class=\"_ _4\"></span>5,678<span class=\"_ _363\"> </span></span></span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _243\"> </span><span class=\"ff83 ls31 ws27\">10<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _fa\"> </span><span class=\"ls97 ws88\">379<span class=\"_ _f4\"> </span></span>10<span class=\"_ _5d\"> </span><span class=\"lse7 wsb8\">10<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>18<span class=\"_ _363\"> </span></span></span>Closi<span class=\"_ _0\"></span>ng net b<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>k amou<span class=\"_ _0\"></span>nt<span class=\"_ _244\"> </span><span class=\"ff83 lsc2 ws168\">41<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>74<span class=\"_ _6e\"> </span><span class=\"ls15 ws32\">9,8<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>3<span class=\"_ _11d\"> </span><span class=\"ls8b ws7c\">208<span class=\"_ _2c\"> </span><span class=\"ls33 ws29\">4<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>115<span class=\"_ _363\"> </span></span></span></span></span>Y<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed at 1 Ja<span class=\"_ _0\"></span>nuar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>021<span class=\"_ _245\"> </span><span class=\"ls132 ws146\">4<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,1<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>9<span class=\"_ _63\"> </span><span class=\"lse0 wsd7\">13<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>1<span class=\"_ _1c\"> </span><span class=\"lsdd ws3b\">10<span class=\"_ _3\"></span>2<span class=\"_ _b0\"> </span><span class=\"lsa7 ws9c\">5<span class=\"_ _0\"></span>05<span class=\"_ _0\"></span>,92<span class=\"_ _0\"></span>2<span class=\"_ _363\"> </span></span></span></span></span>Additions<span class=\"_ _1c0\"> </span><span class=\"ls19 ws13\">15<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _34\"></span>0<span class=\"_ _3\"></span>4<span class=\"_ _77\"> </span><span class=\"ls36 wsf\">6,8<span class=\"_ _0\"></span>08<span class=\"_ _11\"> </span><span class=\"lsdd ws3b\">8<span class=\"_ _0\"></span>18<span class=\"_ _76\"> </span><span class=\"lsc0 ws9a\">22,630<span class=\"_ _363\"> </span></span></span></span></span>Ar<span class=\"_ _0\"></span>ising o<span class=\"_ _0\"></span>n acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _1be\"> </span><span class=\"ls132 ws146\">2<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,19<span class=\"_ _3\"></span>2<span class=\"_ _79\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _63\"> </span><span class=\"ls132 ws146\">2<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>19<span class=\"_ _3\"></span>2<span class=\"_ _363\"> </span></span></span>De<span class=\"_ _0\"></span>prec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n charg<span class=\"_ _0\"></span>e<span class=\"_ _246\"> </span><span class=\"ls12f ws7a\">(5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>4)<span class=\"_ _11a\"> </span><span class=\"ls34 ws2a\">(5<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>8)<span class=\"_ _112\"> </span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>10<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _2c\"> </span><span class=\"lsa2 ws97\">(59<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>624)<span class=\"_ _363\"> </span></span></span></span></span>Disposal of Gr<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>up businesses (No<span class=\"_ _4\"></span>te 27)<span class=\"_ _247\"> </span><span class=\"ls132 ws146\">(<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,16<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _126\"> </span><span class=\"ls19 ws13\">(<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>15<span class=\"_ _3\"></span>)<span class=\"_ _fa\"> </span><span class=\"lsa2 ws97\">(3<span class=\"_ _0\"></span>6)<span class=\"_ _2c\"> </span><span class=\"ls69 ws91\">(6<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>,613)<span class=\"_ _363\"> </span></span></span></span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _248\"> </span><span class=\"ls69 ws91\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>3)<span class=\"_ _ce\"> </span><span class=\"ls3f ws36\">(<span class=\"_ _0\"></span>19<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _22\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _1b\"> </span><span class=\"ls144 ws152\">(2<span class=\"_ _3\"></span>,79<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span></span></span>Reme<span class=\"_ _0\"></span>asurem<span class=\"_ _0\"></span>ents<span class=\"_ _249\"> </span><span class=\"ls42 ws38\">5<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>41<span class=\"_ _fa\"> </span><span class=\"ls97 ws88\">4<span class=\"_ _0\"></span>67<span class=\"_ _d1\"> </span><span class=\"lse0 wsd7\">13<span class=\"_ _60\"> </span><span class=\"ls16 ws10c\">5,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span></span></span></span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _21f\"> </span><span class=\"lse0 wsd7\">(<span class=\"_ _3\"></span>13<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _82\"> </span>(4<span class=\"_ _34\"></span>5<span class=\"_ _0\"></span>1)<span class=\"_ _f4\"> </span><span class=\"ls12f ws7a\">(5<span class=\"_ _0\"></span>)<span class=\"_ _db\"> </span><span class=\"lse8 wsde\">(<span class=\"_ _0\"></span>14<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span></span>Closi<span class=\"_ _0\"></span>ng net b<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>k amou<span class=\"_ _0\"></span>nt<span class=\"_ _a9\"> </span><span class=\"lsdf wsd6\">4<span class=\"_ _0\"></span>11<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _a3\"> </span><span class=\"ls13 ws22\">9,4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9<span class=\"_ _12f\"> </span><span class=\"ls1a ws7d\">790<span class=\"_ _21\"> </span><span class=\"ls16 ws10c\">421<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>25<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span></span></span></span>*  <span class=\"_ _32\"> </span>R<span class=\"_ _0\"></span>ight<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>use a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t add<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s rela<span class=\"_ _0\"></span>te to new l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s ente<span class=\"_ _0\"></span>red i<span class=\"_ _0\"></span>nto dur<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g the y<span class=\"_ _0\"></span>ear a<span class=\"_ _0\"></span>nd ma<span class=\"_ _0\"></span>inl<span class=\"_ _0\"></span>y ari<span class=\"_ _0\"></span>se du<span class=\"_ _0\"></span>e to le<span class=\"_ _0\"></span>ases e<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>ed in<span class=\"_ _0\"></span>to for n<span class=\"_ _0\"></span>ew sto<span class=\"_ _0\"></span>re lo<span class=\"_ _0\"></span>cat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns, a n<span class=\"_ _0\"></span>ew wa<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ous<span class=\"_ _0\"></span>e and n<span class=\"_ _0\"></span>ew le<span class=\"_ _0\"></span>ase c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>cts a<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>ed fo<span class=\"_ _0\"></span>r ex<span class=\"_ _0\"></span>ist<span class=\"_ _0\"></span>ing s<span class=\"_ _0\"></span>tores<span class=\"_ _0\"></span>. Ri<span class=\"_ _0\"></span>ght-<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>-u<span class=\"_ _0\"></span>se as<span class=\"_ _0\"></span>set r<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s have m<span class=\"_ _0\"></span>ainl<span class=\"_ _0\"></span>y ar<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>n due to t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>alis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of re<span class=\"_ _0\"></span>nt rev<span class=\"_ _0\"></span>iew<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of ex<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n opt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s avail<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e to th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up on a n<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>er of p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at will n<span class=\"_ _0\"></span>ot be e<span class=\"_ _0\"></span>xerc<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g value of ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h the Gro<span class=\"_ _0\"></span>up subl<span class=\"_ _0\"></span>ease as o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ating l<span class=\"_ _0\"></span>eases an<span class=\"_ _0\"></span>d gen<span class=\"_ _0\"></span>erate in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e from<span class=\"_ _0\"></span>, am<span class=\"_ _0\"></span>ounted to \u00a31<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.6 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a314.5 million).<span class=\"_ _363\"> </span>Cashf<span class=\"_ _0\"></span>low ex<span class=\"_ _0\"></span>posu<span class=\"_ _0\"></span>res relat<span class=\"_ _0\"></span>ing to ex<span class=\"_ _0\"></span>tensio<span class=\"_ _0\"></span>n opti<span class=\"_ _0\"></span>ons and te<span class=\"_ _0\"></span>rmin<span class=\"_ _0\"></span>ation o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns, whi<span class=\"_ _0\"></span>ch are n<span class=\"_ _0\"></span>ot refl<span class=\"_ _0\"></span>ecte<span class=\"_ _0\"></span>d in the m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>ment of l<span class=\"_ _0\"></span>ease liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es are \u00a3Ni<span class=\"_ _0\"></span>l (<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>1:<span class=\"_ _0\"></span> N<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>)<span class=\"_ _3\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e averag<span class=\"_ _0\"></span>e lease ter<span class=\"_ _0\"></span>m is 7<span class=\"_ _2\"></span>.6 years (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: 8.3 y<span class=\"_ _0\"></span>ears). The aver<span class=\"_ _0\"></span>age re<span class=\"_ _0\"></span>mainin<span class=\"_ _0\"></span>g lease ter<span class=\"_ _0\"></span>m at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2 is 3<span class=\"_ _0\"></span>.6 years (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: 4.0 yea<span class=\"_ _0\"></span>rs).<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e amou<span class=\"_ _0\"></span>nts rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>:<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Continuing \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>De<span class=\"_ _0\"></span>prec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n exp<span class=\"_ _0\"></span>ense o<span class=\"_ _0\"></span>n rig<span class=\"_ _0\"></span>ht-<span class=\"_ _0\"></span>of-us<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts (Note 3)<span class=\"_ _122\"> </span><span class=\"ff83 ls134 ws145\">6<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,14<span class=\"_ _0\"></span>2<span class=\"_ _5d\"> </span></span><span class=\"ws77\">5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>,552<span class=\"_ _126\"> </span><span class=\"lsa2 ws97\">59<span class=\"_ _0\"></span>,624<span class=\"_ _363\"> </span></span></span>Interest e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nse on l<span class=\"_ _0\"></span>ease liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es (Note 7<span class=\"_ _0\"></span>)<span class=\"_ _7a\"> </span><span class=\"ff83 ls134 ws145\">14<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>919<span class=\"_ _63\"> </span></span><span class=\"lse8 wsde\">14<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>7<span class=\"_ _5d\"> </span><span class=\"ls19 ws13\">15<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _34\"></span>8<span class=\"_ _3\"></span>0<span class=\"_ _363\"> </span></span></span>E<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nse rel<span class=\"_ _0\"></span>ating to sh<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t ter<span class=\"_ _0\"></span>m leas<span class=\"_ _0\"></span>es (Note 3)<span class=\"_ _24a\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _ce\"> </span></span><span class=\"ls132 ws146\">1,1<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>7<span class=\"_ _a4\"> </span><span class=\"lsdd ws3b\">1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>7<span class=\"_ _363\"> </span></span></span>E<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nse rel<span class=\"_ _0\"></span>ating to le<span class=\"_ _0\"></span>ases of low<span class=\"_ _0\"></span>-val<span class=\"_ _0\"></span>ue asse<span class=\"_ _0\"></span>ts (N<span class=\"_ _0\"></span>ote 3)<span class=\"_ _102\"> </span><span class=\"ff83 ls8b ws7c\">200<span class=\"_ _f5\"> </span></span><span class=\"ls2c ws14\">38<span class=\"_ _f4\"> </span>38<span class=\"_ _363\"> </span></span>E<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nse rel<span class=\"_ _0\"></span>ating to var<span class=\"_ _0\"></span>iabl<span class=\"_ _0\"></span>e lease p<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nts not inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>e measu<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nts of lease l<span class=\"_ _0\"></span>iabili<span class=\"_ _0\"></span>ty<span class=\"_ _0\"></span> (N<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>e 3)<span class=\"_ _17b\"> </span><span class=\"ff83 ls20 ws19\">292<span class=\"_ _fa\"> </span></span><span class=\"ls37 ws2d\">16<span class=\"_ _3\"></span>9<span class=\"_ _206\"> </span>16<span class=\"_ _0\"></span>9<span class=\"_ _363\"> </span></span>Income from subleasing right<span class=\"_ _2\"></span>-<span class=\"_ _0\"></span>of-use assets \u2013 operating leases<span class=\"_ _24b\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>6<span class=\"_ _fa\"> </span></span><span class=\"lsff wsf3\">883<span class=\"_ _11d\"> </span>883<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e total cash o<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ow for leas<span class=\"_ _0\"></span>es amo<span class=\"_ _0\"></span>unted to \u00a373<span class=\"_ _0\"></span>.0 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a370.7 million).<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>ere have be<span class=\"_ _0\"></span>en n<span class=\"_ _0\"></span>o sale an<span class=\"_ _0\"></span>d lease<span class=\"_ _0\"></span>bac<span class=\"_ _0\"></span>k trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>ons in t<span class=\"_ _0\"></span>he cur<span class=\"_ _0\"></span>rent ye<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e undisc<span class=\"_ _0\"></span>ounted l<span class=\"_ _0\"></span>ease a<span class=\"_ _0\"></span>mount<span class=\"_ _0\"></span>s to be rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d on an an<span class=\"_ _0\"></span>nual basis<span class=\"_ _0\"></span>, in rel<span class=\"_ _0\"></span>ation to t<span class=\"_ _0\"></span>he subl<span class=\"_ _0\"></span>ease o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ating le<span class=\"_ _0\"></span>ase inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e, is \u00a30.6 milli<span class=\"_ _0\"></span>on for yea<span class=\"_ _0\"></span>r one,<span class=\"_ _0\"></span> \u00a30.5 milli<span class=\"_ _0\"></span>ons for yea<span class=\"_ _0\"></span>rs t<span class=\"_ _0\"></span>wo and thre<span class=\"_ _0\"></span>e, \u00a3<span class=\"_ _0\"></span>0.3 milli<span class=\"_ _0\"></span>on for yea<span class=\"_ _0\"></span>r four and \u00a3<span class=\"_ _0\"></span>0.2 milli<span class=\"_ _0\"></span>on for yea<span class=\"_ _0\"></span>r five o<span class=\"_ _0\"></span>nwards wit<span class=\"_ _0\"></span>h total inc<span class=\"_ _0\"></span>ome f<span class=\"_ _0\"></span>rom sub<span class=\"_ _0\"></span>leasin<span class=\"_ _0\"></span>g right-<span class=\"_ _3\"></span>of-use<span class=\"_ _0\"></span> asset<span class=\"_ _0\"></span>s amou<span class=\"_ _0\"></span>nting to \u00a3<span class=\"_ _0\"></span>2.5 milli<span class=\"_ _0\"></span>on (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a33.<span class=\"_ _0\"></span>3 millio<span class=\"_ _0\"></span>n)<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>13. <span class=\"_ _1f2\"> </span>Property<span class=\"_ _2\"></span>, Plant and<span class=\"_ _4\"></span> Equipment, Right-of-Use A<span class=\"_ _2\"></span>sset, Properties Held for Sale <span class=\"ls2 ws0\"> </span>and Inv<span class=\"_ _2\"></span>estment Properties<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>13<span class=\"_ _0\"></span>. (<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>) Pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es He<span class=\"_ _0\"></span>ld f<span class=\"_ _0\"></span>or S<span class=\"_ _0\"></span>ale<span class=\"_ _363\"> </span>Carrying <span class=\"ls2 ws0\"> </span>Amount \u00a3\u2019000<span class=\"_ _363\"> </span>At 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>021<span class=\"_ _24c\"> </span><span class=\"ff84 lsdd ws3b\">18<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>8<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ransfer<span class=\"_ _0\"></span>s from p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and equ<span class=\"_ _0\"></span>ipme<span class=\"_ _0\"></span>nt<span class=\"_ _24d\"> </span><span class=\"lsa2 ws97\">324<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ran<span class=\"_ _2\"></span>sfers fr<span class=\"_ _4\"></span>om in<span class=\"_ _2\"></span>vestment pr<span class=\"_ _2\"></span>oper<span class=\"_ _0\"></span>ties<span class=\"_ _24e\"> </span><span class=\"ls106 wsf9\">546<span class=\"_ _363\"> </span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _24f\"> </span><span class=\"lsdf wsd6\">(<span class=\"_ _3\"></span>11,<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>15<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _250\"> </span><span class=\"ls15d ws1a\">(<span class=\"_ _2\"></span>888)<span class=\"_ _363\"> </span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _251\"> </span><span class=\"ls97 ws88\">6,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>25<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ransfer<span class=\"_ _0\"></span>s to prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant &amp; equip<span class=\"_ _0\"></span>ment<span class=\"_ _252\"> </span><span class=\"ff83 ls157 ws16b\">(4<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3)<span class=\"_ _363\"> </span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _253\"> </span><span class=\"ff83 ls22 ws66\">(<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>9)<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _254\"> </span><span class=\"ff83 ls33 ws29\">2<span class=\"_ _0\"></span>11<span class=\"_ _363\"> </span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _255\"> </span><span class=\"ls78 ws6b\">4,364<span class=\"_ _363\"> </span></span>Dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year, five UK h<span class=\"_ _0\"></span>eld for s<span class=\"_ _0\"></span>ale pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties we<span class=\"_ _0\"></span>re sold<span class=\"_ _0\"></span>. An e<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ent of on<span class=\"_ _0\"></span>e Irish pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y was tran<span class=\"_ _0\"></span>sferre<span class=\"_ _0\"></span>d to prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and eq<span class=\"_ _0\"></span>uipm<span class=\"_ _0\"></span>ent fro<span class=\"_ _0\"></span>m prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies he<span class=\"_ _0\"></span>ld for sal<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e total num<span class=\"_ _0\"></span>ber of pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties h<span class=\"_ _0\"></span>eld for s<span class=\"_ _0\"></span>ale at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2 was th<span class=\"_ _0\"></span>ree (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: eight), of wh<span class=\"_ _0\"></span>ich t<span class=\"_ _0\"></span>wo (2021<span class=\"_ _2\"></span>: s<span class=\"_ _0\"></span>even) are loc<span class=\"_ _0\"></span>ated in th<span class=\"_ _0\"></span>e UK an<span class=\"_ _0\"></span>d one (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: one) in Irelan<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>hese p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es are sh<span class=\"_ _0\"></span>own in th<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce she<span class=\"_ _0\"></span>et at t<span class=\"_ _0\"></span>he lower of t<span class=\"_ _0\"></span>heir c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying a<span class=\"_ _0\"></span>mount a<span class=\"_ _0\"></span>nd fair value l<span class=\"_ _0\"></span>ess any disp<span class=\"_ _0\"></span>osal c<span class=\"_ _0\"></span>osts<span class=\"_ _0\"></span>. On<span class=\"_ _0\"></span>e prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed at a fair v<span class=\"_ _0\"></span>alue of \u00a33<span class=\"_ _0\"></span>.6 million (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: four pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s at \u00a34.8 mil<span class=\"_ _0\"></span>lion).<span class=\"_ _363\"> </span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies he<span class=\"_ _0\"></span>ld for sal<span class=\"_ _0\"></span>e are not us<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>urse of busi<span class=\"_ _0\"></span>ness a<span class=\"_ _0\"></span>nd are availab<span class=\"_ _0\"></span>le for im<span class=\"_ _0\"></span>medi<span class=\"_ _0\"></span>ate sale in t<span class=\"_ _0\"></span>heir p<span class=\"_ _0\"></span>resent c<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n subje<span class=\"_ _0\"></span>ct to ter<span class=\"_ _0\"></span>ms that are usual a<span class=\"_ _0\"></span>nd custo<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>y for p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es of this natu<span class=\"_ _0\"></span>re. Th<span class=\"_ _0\"></span>e indi<span class=\"_ _0\"></span>vidu<span class=\"_ _0\"></span>al prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies were b<span class=\"_ _0\"></span>eing a<span class=\"_ _0\"></span>ctive<span class=\"_ _0\"></span>ly mar<span class=\"_ _0\"></span>keted at th<span class=\"_ _0\"></span>e year e<span class=\"_ _0\"></span>nd and t<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p is com<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>ted to it<span class=\"_ _0\"></span>s plan to sell t<span class=\"_ _0\"></span>hese p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es in an o<span class=\"_ _0\"></span>rder<span class=\"_ _0\"></span>ly ma<span class=\"_ _0\"></span>nner.<span class=\"_ _363\"> </span>13. (<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>) Inv<span class=\"_ _2\"></span>estment Properties<span class=\"_ _363\"> </span>Fair<span class=\"_ _4\"></span> Value<span class=\"_ _2\"></span> \u00a3\u2019000<span class=\"_ _363\"> </span>At 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>021<span class=\"_ _24c\"> </span><span class=\"ff84 ls89 wsd0\">12<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>8<span class=\"_ _363\"> </span></span>Fair value gains<span class=\"_ _256\"> </span><span class=\"ls13 ws22\">9,8<span class=\"_ _0\"></span>50<span class=\"_ _363\"> </span></span>Fair va<span class=\"_ _2\"></span>lu<span class=\"_ _0\"></span>e losses<span class=\"_ _257\"> </span><span class=\"lse4 wsdc\">(8<span class=\"_ _0\"></span>2)<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ransfer<span class=\"_ _0\"></span>s from p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant &amp; equip<span class=\"_ _0\"></span>ment<span class=\"_ _258\"> </span><span class=\"lsa7 ws9c\">5,9<span class=\"_ _0\"></span>00<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ransfer<span class=\"_ _0\"></span>s to prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d for sale<span class=\"_ _259\"> </span><span class=\"ls12f ws7a\">(5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>6)<span class=\"_ _363\"> </span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _25a\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _250\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _25b\"> </span><span class=\"ls97 ws88\">26,527<span class=\"_ _363\"> </span></span>Fair value gains<span class=\"_ _25c\"> </span><span class=\"ff83 lsa7 ws9c\">4,99<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _253\"> </span><span class=\"ff83 ls155 ws169\">(<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,76<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _1d2\"> </span><span class=\"ff83 ls68 ws5d\">328<span class=\"_ _363\"> </span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _25b\"> </span><span class=\"ls1a ws7d\">26,084<span class=\"_ _363\"> </span></span>Dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year, the Grou<span class=\"_ _0\"></span>p dispo<span class=\"_ _0\"></span>sed of on<span class=\"_ _0\"></span>e UK and o<span class=\"_ _0\"></span>ne Ir<span class=\"_ _0\"></span>ish invest<span class=\"_ _0\"></span>ment p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. The total numb<span class=\"_ _0\"></span>er of invest<span class=\"_ _0\"></span>ment p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2 was 1<span class=\"_ _2\"></span>3 (2021<span class=\"_ _2\"></span>: 15) of which six (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: seve<span class=\"_ _0\"></span>n) are located i<span class=\"_ _0\"></span>n the U<span class=\"_ _0\"></span>K and seve<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: e<span class=\"_ _0\"></span>ight) in Irela<span class=\"_ _0\"></span>nd. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies are b<span class=\"_ _0\"></span>eing h<span class=\"_ _0\"></span>eld wi<span class=\"_ _0\"></span>th a vi<span class=\"_ _0\"></span>ew to enhancing th<span class=\"_ _0\"></span>eir value.<span class=\"_ _363\"> </span>Investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties of \u00a3<span class=\"_ _0\"></span>26.<span class=\"_ _2\"></span>1 milli<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h are sep<span class=\"_ _0\"></span>arately c<span class=\"_ _0\"></span>lassif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d in no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>, are car<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ed at fair va<span class=\"_ _0\"></span>lue in t<span class=\"_ _0\"></span>he fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial state<span class=\"_ _0\"></span>ments<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> valuati<span class=\"_ _0\"></span>on tec<span class=\"_ _0\"></span>hniqu<span class=\"_ _0\"></span>es use<span class=\"_ _0\"></span>d incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d a revi<span class=\"_ _0\"></span>ew of the ma<span class=\"_ _0\"></span>rket valu<span class=\"_ _0\"></span>e of com<span class=\"_ _0\"></span>parab<span class=\"_ _0\"></span>le tr<span class=\"_ _0\"></span>ansac<span class=\"_ _0\"></span>tions t<span class=\"_ _0\"></span>hat were re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ntly c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>leted o<span class=\"_ _0\"></span>r on th<span class=\"_ _0\"></span>e marke<span class=\"_ _0\"></span>t and th<span class=\"_ _0\"></span>e ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es of inde<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>dent re<span class=\"_ _0\"></span>gistere<span class=\"_ _0\"></span>d prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty ap<span class=\"_ _0\"></span>prais<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>. In case<span class=\"_ _0\"></span>s where t<span class=\"_ _0\"></span>here a<span class=\"_ _0\"></span>re no re<span class=\"_ _0\"></span>cent p<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ede<span class=\"_ _0\"></span>nt tra<span class=\"_ _0\"></span>nsact<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>, valuat<span class=\"_ _0\"></span>ions we<span class=\"_ _0\"></span>re based o<span class=\"_ _0\"></span>n est<span class=\"_ _0\"></span>imated<span class=\"_ _0\"></span> rental y<span class=\"_ _0\"></span>iel<span class=\"_ _0\"></span>ds, c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion of resi<span class=\"_ _0\"></span>dual valu<span class=\"_ _0\"></span>e and c<span class=\"_ _0\"></span>onsul<span class=\"_ _0\"></span>tatio<span class=\"_ _0\"></span>ns with e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>al age<span class=\"_ _0\"></span>nts who have k<span class=\"_ _0\"></span>nowle<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e of loc<span class=\"_ _0\"></span>al prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ma<span class=\"_ _0\"></span>rkets<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>13. (<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>) F<span class=\"_ _2\"></span>air V<span class=\"_ _2\"></span>alue Hierarchy \u2013<span class=\"_ _4\"></span> Properties Held for Sale<span class=\"_ _2\"></span> Carried at F<span class=\"_ _2\"></span>air Value<span class=\"_ _2\"></span> and Inves<span class=\"_ _4\"></span>tment Properties<span class=\"_ _363\"> </span>As note<span class=\"_ _0\"></span>d in the G<span class=\"_ _0\"></span>roup\u2019s ac<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ing po<span class=\"_ _0\"></span>lici<span class=\"_ _0\"></span>es on pa<span class=\"_ _0\"></span>ges 171<span class=\"_ _2\"></span>, prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies h<span class=\"_ _0\"></span>eld for s<span class=\"_ _0\"></span>ale are he<span class=\"_ _0\"></span>ld at th<span class=\"_ _0\"></span>e lower of car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>ount and f<span class=\"_ _0\"></span>air value l<span class=\"_ _0\"></span>ess c<span class=\"_ _0\"></span>osts<span class=\"_ _0\"></span> to sell. Inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies are c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d at fair valu<span class=\"_ _0\"></span>e. Fair valu<span class=\"_ _0\"></span>e is def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d as the p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>e that woul<span class=\"_ _0\"></span>d be re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>ved if t<span class=\"_ _0\"></span>he asse<span class=\"_ _0\"></span>t was sold in a<span class=\"_ _0\"></span>n orde<span class=\"_ _0\"></span>rly<span class=\"_ _0\"></span> trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en ma<span class=\"_ _0\"></span>rket pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>ipants b<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>\u2019s high<span class=\"_ _0\"></span>est and b<span class=\"_ _0\"></span>est us<span class=\"_ _0\"></span>e. Valuatio<span class=\"_ _0\"></span>ns are revi<span class=\"_ _0\"></span>ewed e<span class=\"_ _0\"></span>ach yea<span class=\"_ _0\"></span>r by the Di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>tors wit<span class=\"_ _0\"></span>h movem<span class=\"_ _0\"></span>ents in fai<span class=\"_ _0\"></span>r value re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in the i<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group re<span class=\"_ _0\"></span>viewe<span class=\"_ _0\"></span>d its pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year<span class=\"_ _4\"></span>. Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies he<span class=\"_ _0\"></span>ld for sal<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ise land a<span class=\"_ _0\"></span>nd build<span class=\"_ _0\"></span>ings in a nu<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r of loc<span class=\"_ _0\"></span>ations a<span class=\"_ _0\"></span>cross t<span class=\"_ _0\"></span>he UK and Ire<span class=\"_ _0\"></span>land<span class=\"_ _0\"></span>. Investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s, c<span class=\"_ _0\"></span>ompr<span class=\"_ _0\"></span>ising l<span class=\"_ _0\"></span>and and b<span class=\"_ _0\"></span>uilding<span class=\"_ _0\"></span>s loc<span class=\"_ _0\"></span>ated in th<span class=\"_ _0\"></span>e UK an<span class=\"_ _0\"></span>d Ireland<span class=\"_ _0\"></span>, are he<span class=\"_ _0\"></span>ld for c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al appre<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ation a<span class=\"_ _0\"></span>nd or re<span class=\"_ _0\"></span>ntal inco<span class=\"_ _0\"></span>me an<span class=\"_ _0\"></span>d are not o<span class=\"_ _0\"></span>ccup<span class=\"_ _0\"></span>ied by t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up for tr<span class=\"_ _0\"></span>ading pu<span class=\"_ _0\"></span>rpo<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>. This als<span class=\"_ _0\"></span>o incl<span class=\"_ _0\"></span>udes p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ts of pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties w<span class=\"_ _0\"></span>hich are s<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>let to th<span class=\"_ _0\"></span>ird par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies held fo<span class=\"_ _0\"></span>r sale c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>rise p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es that are h<span class=\"_ _0\"></span>eld at a c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying am<span class=\"_ _0\"></span>ount of \u00a30.<span class=\"_ _0\"></span>8 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a31.4 million) and prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es he<span class=\"_ _0\"></span>ld at a fair valu<span class=\"_ _0\"></span>e of \u00a33.6 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a34.<span class=\"_ _0\"></span>8 millio<span class=\"_ _0\"></span>n<span class=\"_ _4\"></span>). Investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties are h<span class=\"_ _0\"></span>eld at a fair v<span class=\"_ _0\"></span>alue of \u00a3<span class=\"_ _0\"></span>26.<span class=\"_ _2\"></span>1 milli<span class=\"_ _0\"></span>on (2021<span class=\"_ _2\"></span>: \u00a3<span class=\"_ _0\"></span>26<span class=\"_ _0\"></span>.5 millio<span class=\"_ _0\"></span>n)<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>In gen<span class=\"_ _0\"></span>eral<span class=\"_ _0\"></span>, valuat<span class=\"_ _0\"></span>ions have b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n unde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ken having re<span class=\"_ _0\"></span>gard to c<span class=\"_ _0\"></span>ompa<span class=\"_ _0\"></span>rabl<span class=\"_ _0\"></span>e market t<span class=\"_ _0\"></span>rans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>ons be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en infor<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d mar<span class=\"_ _0\"></span>ket par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cipa<span class=\"_ _0\"></span>nts. 13. <span class=\"_ _1f2\"> </span>Property<span class=\"_ _2\"></span>, Plant and<span class=\"_ _4\"></span> Equipment, Right-of-Use A<span class=\"_ _2\"></span>sset, Properties Held for Sale <span class=\"ls2 ws0\"> </span>and Inv<span class=\"_ _2\"></span>estment Properties<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>13. (<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>) F<span class=\"_ _2\"></span>air V<span class=\"_ _2\"></span>alue Hierarchy \u2013<span class=\"_ _4\"></span> Properties Held for Sale<span class=\"_ _2\"></span> Carried at F<span class=\"_ _2\"></span>air Value<span class=\"_ _2\"></span> and Inves<span class=\"_ _4\"></span>tment Properties<span class=\"ff85 ls36 wsf\"> continued<span class=\"_ _363\"> </span></span>Due to ve<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y limi<span class=\"_ _0\"></span>ted tra<span class=\"_ _0\"></span>nsact<span class=\"_ _0\"></span>ions for p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es of a simila<span class=\"_ _0\"></span>r nature in th<span class=\"_ _0\"></span>e UK an<span class=\"_ _0\"></span>d Irelan<span class=\"_ _0\"></span>d, th<span class=\"_ _0\"></span>e valuati<span class=\"_ _0\"></span>ons of a num<span class=\"_ _0\"></span>ber of pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s were co<span class=\"_ _0\"></span>mple<span class=\"_ _0\"></span>ted using oth<span class=\"_ _0\"></span>er me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>ds. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e valuati<span class=\"_ _0\"></span>ons were d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d intern<span class=\"_ _0\"></span>ally wi<span class=\"_ _0\"></span>th refere<span class=\"_ _0\"></span>nce to lo<span class=\"_ _0\"></span>cal k<span class=\"_ _0\"></span>nowl<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>e, valuat<span class=\"_ _0\"></span>ion te<span class=\"_ _0\"></span>chniq<span class=\"_ _0\"></span>ues an<span class=\"_ _0\"></span>d the e<span class=\"_ _0\"></span>xercise of judg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt followin<span class=\"_ _0\"></span>g consu<span class=\"_ _0\"></span>ltati<span class=\"_ _0\"></span>on wi<span class=\"_ _0\"></span>th pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ty ad<span class=\"_ _0\"></span>vise<span class=\"_ _0\"></span>rs wit<span class=\"_ _0\"></span>h rec<span class=\"_ _0\"></span>ent ex<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>nce of th<span class=\"_ _0\"></span>e loc<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n and natu<span class=\"_ _0\"></span>re of the pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties b<span class=\"_ _0\"></span>eing val<span class=\"_ _0\"></span>ued to<span class=\"_ _0\"></span>get<span class=\"_ _0\"></span>her with t<span class=\"_ _0\"></span>he valu<span class=\"_ _0\"></span>ation of c<span class=\"_ _0\"></span>ompa<span class=\"_ _0\"></span>rabl<span class=\"_ _0\"></span>e prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies liste<span class=\"_ _0\"></span>d in the m<span class=\"_ _0\"></span>arket<span class=\"_ _0\"></span>plac<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns are de<span class=\"_ _0\"></span>rive<span class=\"_ _0\"></span>d from d<span class=\"_ _0\"></span>ata whi<span class=\"_ _0\"></span>ch is not pu<span class=\"_ _0\"></span>blicl<span class=\"_ _0\"></span>y availabl<span class=\"_ _0\"></span>e and for t<span class=\"_ _0\"></span>hese re<span class=\"_ _0\"></span>asons<span class=\"_ _0\"></span>, the v<span class=\"_ _0\"></span>aluati<span class=\"_ _0\"></span>ons of the G<span class=\"_ _0\"></span>roup\u2019s pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ty p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>is classi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed as le<span class=\"_ _0\"></span>vel 3 as def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _2\"></span>3.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e following is a s<span class=\"_ _0\"></span>ummar<span class=\"_ _3\"></span>y of valuatio<span class=\"_ _0\"></span>n met<span class=\"_ _0\"></span>hod<span class=\"_ _0\"></span>s used i<span class=\"_ _0\"></span>n relati<span class=\"_ _0\"></span>on to the G<span class=\"_ _0\"></span>roup\u2019s hel<span class=\"_ _0\"></span>d for sale a<span class=\"_ _0\"></span>nd invest<span class=\"_ _0\"></span>ment p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es whic<span class=\"_ _0\"></span>h are ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ied at<span class=\"_ _363\"> </span>fair value:<span class=\"_ _363\"> </span>At 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2<span class=\"_ _363\"> </span>Independent valuations<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Comparable ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t transactions \u00a3\u2019000<span class=\"_ _363\"> </span>Of<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>s from third par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal 2022 \u00a3\u2019000<span class=\"_ _363\"> </span>Pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es H<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for S<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _363\"> </span>Distribution segme<span class=\"_ _0\"></span>nt<span class=\"_ _155\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _181\"> </span><span class=\"ls13 ws22\">3,60<span class=\"_ _0\"></span>2<span class=\"_ _e7\"> </span></span>\u2013<span class=\"_ _181\"> </span><span class=\"ls13 ws22\">3,60<span class=\"_ _0\"></span>2<span class=\"_ _363\"> </span></span></span>Independent valuations<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Comparable ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t transactions \u00a3\u2019000<span class=\"_ _363\"> </span>Other methods \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal 2022 \u00a3\u2019000<span class=\"_ _363\"> </span>Inv<span class=\"_ _4\"></span>estment Proper<span class=\"_ _0\"></span>ties<span class=\"_ _363\"> </span>Distribution segme<span class=\"_ _0\"></span>nt<span class=\"_ _25d\"> </span><span class=\"ff83 ls6c ws61\">1<span class=\"_ _2\"></span>4,862<span class=\"_ _6e\"> </span><span class=\"ls146 ws155\">7,<span class=\"_ _0\"></span>6<span class=\"_ _34\"></span>8<span class=\"_ _3\"></span>0<span class=\"_ _79\"> </span><span class=\"ff84 ls2 ws0\">\u2013<span class=\"_ _20\"> </span></span><span class=\"ls18 ws12\">22,5<span class=\"_ _0\"></span>42<span class=\"_ _363\"> </span></span></span></span>Manufacturing segment<span class=\"_ _14d\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _131\"> </span><span class=\"ls78 ws6b\">2,<span class=\"_ _0\"></span>336<span class=\"_ _46\"> </span><span class=\"ls22 ws66\">1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>6<span class=\"_ _6e\"> </span><span class=\"ls18 ws12\">3,542<span class=\"_ _363\"> </span></span></span></span></span>To<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _14a\"> </span><span class=\"ff83 ls6c ws61\">1<span class=\"_ _2\"></span>4,862<span class=\"_ _11a\"> </span><span class=\"lsdd ws3b\">10<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>16<span class=\"_ _6d\"> </span><span class=\"ls22 ws66\">1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>6<span class=\"_ _5b\"> </span><span class=\"ls1a ws7d\">26,08<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span></span></span></span>At 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>021<span class=\"_ _363\"> </span>Independent valuations<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Comparable ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t transactions \u00a3\u2019000<span class=\"_ _363\"> </span>Of<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>s from third par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal 20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es H<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for S<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _363\"> </span>Distribution segme<span class=\"_ _0\"></span>nt<span class=\"_ _155\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _a3\"> </span><span class=\"ls144 ws152\">4<span class=\"_ _0\"></span>,75<span class=\"_ _3\"></span>7<span class=\"_ _e7\"> </span></span>\u2013<span class=\"_ _a3\"> </span><span class=\"ls144 ws152\">4<span class=\"_ _3\"></span>,75<span class=\"_ _0\"></span>7<span class=\"_ _363\"> </span></span></span>Independent valuations<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Comparable ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t transactions<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Other <span class=\"ls2 ws0\"> </span>methods \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal 20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Inv<span class=\"_ _4\"></span>estment Proper<span class=\"_ _0\"></span>ties<span class=\"_ _363\"> </span>Distribution segme<span class=\"_ _0\"></span>nt<span class=\"_ _246\"> </span><span class=\"ls19 ws13\">15<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>0<span class=\"_ _112\"> </span><span class=\"ls16 ws10c\">7<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>421<span class=\"_ _128\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _63\"> </span><span class=\"ls132 ws146\">2<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,17<span class=\"_ _3\"></span>1<span class=\"_ _363\"> </span></span></span></span></span>Manufacturing segment<span class=\"_ _14d\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _a3\"> </span><span class=\"lse0 wsd7\">2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>13<span class=\"_ _ce\"> </span><span class=\"ls132 ws146\">1,14<span class=\"_ _34\"> </span>3<span class=\"_ _60\"> </span></span></span></span><span class=\"ws3d\">3,356<span class=\"_ _363\"> </span></span>To<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _192\"> </span><span class=\"ls19 ws13\">15<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>0<span class=\"_ _a3\"> </span><span class=\"ls13 ws22\">9,6<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>4<span class=\"_ _112\"> </span><span class=\"ls132 ws146\">1,14<span class=\"_ _34\"></span>3<span class=\"_ _126\"> </span><span class=\"ls0 ws77\">26,<span class=\"_ _0\"></span>527<span class=\"_ _363\"> </span></span></span></span></span>Th<span class=\"_ _0\"></span>e following t<span class=\"_ _0\"></span>able s<span class=\"_ _0\"></span>hows a rec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ciliati<span class=\"_ _0\"></span>on fro<span class=\"_ _0\"></span>m the o<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>ing bala<span class=\"_ _0\"></span>nce to th<span class=\"_ _0\"></span>e clos<span class=\"_ _0\"></span>ing 20<span class=\"_ _0\"></span>22 b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e for leve<span class=\"_ _0\"></span>l 3 fair valu<span class=\"_ _0\"></span>es:<span class=\"_ _363\"> </span>Proper<span class=\"_ _0\"></span>ties he<span class=\"_ _0\"></span>ld f<span class=\"_ _0\"></span>or s<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e 2022 \u00a3\u2019000<span class=\"_ _363\"> </span>Investment proper<span class=\"_ _0\"></span>ties 2022 \u00a3\u2019000<span class=\"_ _363\"> </span>Bala<span class=\"_ _0\"></span>nce at b<span class=\"_ _0\"></span>egin<span class=\"_ _0\"></span>ning of year<span class=\"_ _25e\"> </span><span class=\"ff83 ls97 ws88\">6,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>25<span class=\"_ _20\"> </span>26,527<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ransfer<span class=\"_ _0\"></span>s to prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and equ<span class=\"_ _0\"></span>ipme<span class=\"_ _0\"></span>nt<span class=\"_ _25f\"> </span><span class=\"ff83 ls157 ws16b\">(4<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3)<span class=\"_ _22\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _260\"> </span><span class=\"ff83 ls22 ws66\">(<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>9)<span class=\"_ _5b\"> </span><span class=\"ls155 ws169\">(5<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span></span></span>Fair value g<span class=\"_ _0\"></span>ains and l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s*<span class=\"_ _f2\"> </span><span class=\"ls2\">\u2013<span class=\"_ _66\"> </span><span class=\"ff83 lsa7 ws9c\">4<span class=\"_ _0\"></span>,99<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span></span>Fore<span class=\"_ _0\"></span>ign exch<span class=\"_ _0\"></span>ange m<span class=\"_ _0\"></span>oveme<span class=\"_ _0\"></span>nt<span class=\"_ _24d\"> </span><span class=\"ff83 ls33 ws29\">2<span class=\"_ _0\"></span>11<span class=\"_ _11\"> </span><span class=\"ls68 ws5d\">328<span class=\"_ _363\"> </span></span></span>Ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e at e<span class=\"_ _0\"></span>nd of ye<span class=\"_ _0\"></span>ar<span class=\"_ _261\"> </span><span class=\"ls78 ws6b\">4,364<span class=\"_ _20\"> </span><span class=\"ls1a ws7d\">26,0<span class=\"_ _0\"></span>84<span class=\"_ _363\"> </span></span></span>Rec<span class=\"_ _0\"></span>orde<span class=\"_ _0\"></span>d at fair val<span class=\"_ _0\"></span>ue<span class=\"_ _262\"> </span><span class=\"ff83 ls13 ws22\">3,60<span class=\"_ _0\"></span>2<span class=\"_ _20\"> </span><span class=\"ls1a ws7d\">26,08<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span></span>Rec<span class=\"_ _0\"></span>orde<span class=\"_ _0\"></span>d at co<span class=\"_ _0\"></span>st<span class=\"_ _228\"> </span><span class=\"ff83 ls14 wsb9\">762<span class=\"_ _e7\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span></span>T<span class=\"_ _2\"></span>otal<span class=\"_ _263\"> </span><span class=\"ls78 ws6b\">4,364<span class=\"_ _20\"> </span><span class=\"ls1a ws7d\">26,0<span class=\"_ _0\"></span>84<span class=\"_ _363\"> </span></span></span>*  <span class=\"_ _32\"> </span>D<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ing 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, a fai<span class=\"_ _0\"></span>r valu<span class=\"_ _0\"></span>e gai<span class=\"_ _0\"></span>n of \u00a35.<span class=\"_ _0\"></span>0 milli<span class=\"_ _0\"></span>on wa<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n six p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>hre<span class=\"_ _0\"></span>e of th<span class=\"_ _0\"></span>ese we<span class=\"_ _0\"></span>re pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h wer<span class=\"_ _0\"></span>e ret<span class=\"_ _0\"></span>aine<span class=\"_ _0\"></span>d by t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup fo<span class=\"_ _0\"></span>llow<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent to dive<span class=\"_ _0\"></span>st t<span class=\"_ _0\"></span>he tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l mer<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ng bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss in G<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>t Bri<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in. T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se t<span class=\"_ _0\"></span>hre<span class=\"_ _0\"></span>e pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es hav<span class=\"_ _0\"></span>e a fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of \u00a314.9 milli<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e valu<span class=\"_ _0\"></span>e of th<span class=\"_ _0\"></span>ese p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>tie<span class=\"_ _0\"></span>s were u<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ted by \u00a34<span class=\"_ _0\"></span>.2 mi<span class=\"_ _0\"></span>llio<span class=\"_ _0\"></span>n in 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2. A<span class=\"_ _0\"></span>n ad<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue ga<span class=\"_ _0\"></span>in of \u00a30<span class=\"_ _0\"></span>.8 mi<span class=\"_ _0\"></span>llio<span class=\"_ _0\"></span>n was al<span class=\"_ _0\"></span>so re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>ree I<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>h inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>tie<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>13. <span class=\"_ _1f2\"> </span>Property<span class=\"_ _2\"></span>, Plant and<span class=\"_ _4\"></span> Equipment, Right-of-Use A<span class=\"_ _2\"></span>sset, Properties Held for Sale <span class=\"ls2 ws0\"> </span>and Inv<span class=\"_ _2\"></span>estment Properties<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>13. (<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>) F<span class=\"_ _2\"></span>air V<span class=\"_ _2\"></span>alue Hierarchy \u2013<span class=\"_ _4\"></span> Properties Held for Sale<span class=\"_ _2\"></span> Carried at F<span class=\"_ _2\"></span>air Value<span class=\"_ _2\"></span> and Inves<span class=\"_ _4\"></span>tment Properties<span class=\"ff85 ls36 wsf\"> continued<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e following t<span class=\"_ _0\"></span>able s<span class=\"_ _0\"></span>hows a rec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ciliati<span class=\"_ _0\"></span>on fro<span class=\"_ _0\"></span>m the o<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>ing bala<span class=\"_ _0\"></span>nce to th<span class=\"_ _0\"></span>e clos<span class=\"_ _0\"></span>ing 20<span class=\"_ _0\"></span>21 balanc<span class=\"_ _0\"></span>e for leve<span class=\"_ _0\"></span>l 3 fair valu<span class=\"_ _0\"></span>es:<span class=\"_ _363\"> </span>Properties held for<span class=\"_ _2\"></span> sale 20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Investment properties 20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Bala<span class=\"_ _0\"></span>nce at b<span class=\"_ _0\"></span>egin<span class=\"_ _0\"></span>ning of year<span class=\"_ _1ae\"> </span><span class=\"lsdd ws3b\">18<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>8<span class=\"_ _126\"> </span><span class=\"ls89 wsd0\">12<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>8<span class=\"_ _363\"> </span></span></span>T<span class=\"_ _2\"></span>ransfer<span class=\"_ _0\"></span>s from p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and equ<span class=\"_ _0\"></span>ipme<span class=\"_ _0\"></span>nt<span class=\"_ _18e\"> </span><span class=\"lsa2 ws97\">324<span class=\"_ _6d\"> </span><span class=\"lsa7 ws9c\">5,9<span class=\"_ _0\"></span>00<span class=\"_ _363\"> </span></span></span>T<span class=\"_ _2\"></span>ransfer<span class=\"_ _0\"></span>s to prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d for sale<span class=\"_ _264\"> </span><span class=\"ls106 wsf9\">546<span class=\"_ _71\"> </span><span class=\"ls12f ws7a\">(5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>6)<span class=\"_ _363\"> </span></span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _1d1\"> </span><span class=\"lsdf wsd6\">(<span class=\"_ _3\"></span>11<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _ce\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span>Fair value g<span class=\"_ _0\"></span>ains and l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s*<span class=\"_ _f2\"> </span><span class=\"ls2\">\u2013<span class=\"_ _a3\"> </span><span class=\"ls144 ws152\">9,7<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span></span>Fore<span class=\"_ _0\"></span>ign exch<span class=\"_ _0\"></span>ange m<span class=\"_ _0\"></span>oveme<span class=\"_ _0\"></span>nt<span class=\"_ _25e\"> </span><span class=\"ls15d ws1a\">(888<span class=\"_ _2\"></span>)<span class=\"_ _60\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _3\"></span>87<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span></span>Bala<span class=\"_ _0\"></span>nce at e<span class=\"_ _0\"></span>nd of year<span class=\"_ _17c\"> </span><span class=\"ls132 ws146\">6<span class=\"_ _3\"></span>,12<span class=\"_ _3\"></span>5<span class=\"_ _126\"> </span></span><span class=\"ws77\">26,52<span class=\"_ _0\"></span>7<span class=\"_ _363\"> </span></span>Rec<span class=\"_ _0\"></span>orde<span class=\"_ _0\"></span>d at fair val<span class=\"_ _0\"></span>ue<span class=\"_ _265\"> </span><span class=\"ls144 ws152\">4<span class=\"_ _0\"></span>,75<span class=\"_ _3\"></span>7<span class=\"_ _5d\"> </span></span><span class=\"ws77\">26,<span class=\"_ _0\"></span>527<span class=\"_ _363\"> </span></span>Rec<span class=\"_ _0\"></span>orde<span class=\"_ _0\"></span>d at co<span class=\"_ _0\"></span>st<span class=\"_ _266\"> </span><span class=\"lsdd ws3b\">1,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>8<span class=\"_ _79\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _363\"> </span></span>To<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _267\"> </span><span class=\"ls132 ws146\">6<span class=\"_ _3\"></span>,12<span class=\"_ _0\"></span>5<span class=\"_ _126\"> </span><span class=\"ls0 ws77\">26<span class=\"_ _0\"></span>,52<span class=\"_ _0\"></span>7<span class=\"_ _363\"> </span></span></span>*  <span class=\"_ _32\"> </span>D<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ing 2<span class=\"_ _0\"></span>021, a fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e gain of \u00a3<span class=\"_ _0\"></span>9.9 m<span class=\"_ _0\"></span>illi<span class=\"_ _0\"></span>on was r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d on f<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s whi<span class=\"_ _0\"></span>ch we<span class=\"_ _0\"></span>re tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>red to i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies d<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>. Fo<span class=\"_ _0\"></span>ur of th<span class=\"_ _0\"></span>ese w<span class=\"_ _0\"></span>ere p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span> whi<span class=\"_ _0\"></span>ch we<span class=\"_ _0\"></span>re ret<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ed by t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p foll<span class=\"_ _0\"></span>owin<span class=\"_ _0\"></span>g the a<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent to d<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>st th<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal m<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g bus<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>ss in G<span class=\"_ _0\"></span>reat B<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se fou<span class=\"_ _0\"></span>r pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es hav<span class=\"_ _0\"></span>e a fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of \u00a31<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>.75 mill<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. A ne<span class=\"_ _0\"></span>t fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e los<span class=\"_ _0\"></span>s of \u00a30.1 millio<span class=\"_ _0\"></span>n was als<span class=\"_ _0\"></span>o re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n tw<span class=\"_ _0\"></span>o Iri<span class=\"_ _0\"></span>sh inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>V<span class=\"_ _2\"></span>alu<span class=\"_ _0\"></span>ation T<span class=\"_ _2\"></span>echniques and<span class=\"_ _4\"></span> Significant Unobserv<span class=\"_ _4\"></span>able Inputs<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e following t<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s show th<span class=\"_ _0\"></span>e valuat<span class=\"_ _0\"></span>ion tec<span class=\"_ _0\"></span>hniq<span class=\"_ _0\"></span>ues us<span class=\"_ _0\"></span>ed in me<span class=\"_ _0\"></span>asuri<span class=\"_ _0\"></span>ng the fa<span class=\"_ _0\"></span>ir value of pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s held fo<span class=\"_ _0\"></span>r sale an<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s and th<span class=\"_ _0\"></span>e signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant un<span class=\"_ _0\"></span>obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>e inpu<span class=\"_ _0\"></span>ts use<span class=\"_ _0\"></span>d. Wh<span class=\"_ _0\"></span>ere ma<span class=\"_ _0\"></span>rket tr<span class=\"_ _0\"></span>ansac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns are pres<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, the c<span class=\"_ _0\"></span>ompa<span class=\"_ _0\"></span>rabl<span class=\"_ _0\"></span>e mar<span class=\"_ _0\"></span>ket trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d is use<span class=\"_ _0\"></span>d for land a<span class=\"_ _0\"></span>nd buildin<span class=\"_ _0\"></span>gs hel<span class=\"_ _0\"></span>d for sale o<span class=\"_ _0\"></span>r cap<span class=\"_ _0\"></span>ital a<span class=\"_ _0\"></span>ppre<span class=\"_ _0\"></span>ciati<span class=\"_ _0\"></span>on.<span class=\"_ _363\"> </span>Properties Held for Sale<span class=\"_ _363\"> </span>Valuation<span class=\"_ _2\"></span> technique<span class=\"_ _268\"> </span><span class=\"lsf6 wsef\">Significant unobservable inputs<span class=\"_ _363\"> </span></span>Inter-relationship<span class=\"_ _2\"></span> between key<span class=\"_ _2\"></span> unobser<span class=\"_ _0\"></span>vable inputs <span class=\"_ _2\"></span><span class=\"ls2 ws0\"> </span>an<span class=\"_ _0\"></span>d fa<span class=\"_ _0\"></span>ir va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _363\"> </span>Comparable mark<span class=\"_ _2\"></span>et transactions <span class=\"_ _2\"></span><span class=\"ls2 ws0\"> </span>\u2013 pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e pe<span class=\"_ _0\"></span>r sq<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>re me<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>e:<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e value is bas<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n com<span class=\"_ _0\"></span>parab<span class=\"_ _0\"></span>le mar<span class=\"_ _0\"></span>ket transa<span class=\"_ _4\"></span>ctions<span class=\"_ _2\"></span> af<span class=\"_ _0\"></span>ter<span class=\"_ _4\"></span> discu<span class=\"_ _2\"></span>ssion with i<span class=\"_ _2\"></span>ndependent age<span class=\"_ _0\"></span>nts and<span class=\"_ _0\"></span>/<span class=\"_ _4\"></span>or wit<span class=\"_ _0\"></span>h referen<span class=\"_ _0\"></span>ce to othe<span class=\"_ _0\"></span>r inf<span class=\"_ _4\"></span>ormation sources.<span class=\"_ _363\"> </span>UK Urban<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>able d<span class=\"_ _0\"></span>evel<span class=\"_ _0\"></span>opm<span class=\"_ _0\"></span>ent lan<span class=\"_ _0\"></span>d pric<span class=\"_ _0\"></span>es of </span>\u00a33.<span class=\"_ _0\"></span>8m p<span class=\"_ _0\"></span>er ac<span class=\"_ _0\"></span>re.<span class=\"_ _363\"> </span>Ire<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nd \u2013 U<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>n (majo<span class=\"_ _0\"></span>r ci<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s)<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"lsf ws0\">Co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>able i<span class=\"_ _0\"></span>ndust<span class=\"_ _0\"></span>rial o<span class=\"_ _0\"></span>r deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span> <span class=\"ls2\"> </span></span>land pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es of \u00a326<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>,00<span class=\"_ _0\"></span>0 pe<span class=\"_ _0\"></span>r acre.<span class=\"_ _363\"> </span>The estimated fair<span class=\"_ _2\"></span> value would increase/<span class=\"_ _363\"> </span>(<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>ecrease) if:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"lsc ws10\">Compar<span class=\"_ _0\"></span>able market prices <span class=\"ls2 ws0\"> </span></span>per sq<span class=\"_ _0\"></span>uare me<span class=\"_ _0\"></span>tre were hi<span class=\"_ _0\"></span>ghe<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>/(l<span class=\"_ _0\"></span>ower).<span class=\"_ _363\"> </span>13. <span class=\"_ _1f2\"> </span>Property<span class=\"_ _2\"></span>, Plant and<span class=\"_ _4\"></span> Equipment, Right-of-Use A<span class=\"_ _2\"></span>sset, Properties Held for Sale <span class=\"ls2 ws0\"> </span>and Inv<span class=\"_ _2\"></span>estment Properties<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>13. (<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>) F<span class=\"_ _2\"></span>air V<span class=\"_ _2\"></span>alue Hierarchy \u2013<span class=\"_ _4\"></span> Properties Held for Sale<span class=\"_ _2\"></span> Carried at F<span class=\"_ _2\"></span>air Value<span class=\"_ _2\"></span> and Inves<span class=\"_ _4\"></span>tment Properties<span class=\"ff85 ls36 wsf\"> continued<span class=\"_ _363\"> </span></span>Inv<span class=\"_ _2\"></span>estment Properties<span class=\"_ _363\"> </span>Valuation<span class=\"_ _2\"></span> technique<span class=\"_ _268\"> </span><span class=\"lsf6 wsef\">Significant unobservable inputs<span class=\"_ _363\"> </span></span>Inter-relationship<span class=\"_ _2\"></span> between key<span class=\"_ _2\"></span> unobser<span class=\"_ _0\"></span>vable inputs <span class=\"_ _2\"></span><span class=\"ls2 ws0\"> </span>an<span class=\"_ _0\"></span>d fa<span class=\"_ _0\"></span>ir va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _363\"> </span>Comparable mark<span class=\"_ _2\"></span>et transactions<span class=\"_ _363\"> </span>\u2013 pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e pe<span class=\"_ _0\"></span>r sq<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>re me<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>e:<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e value is bas<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n com<span class=\"_ _0\"></span>parab<span class=\"_ _0\"></span>le mar<span class=\"_ _0\"></span>ket<span class=\"_ _363\"> </span> transa<span class=\"_ _4\"></span>ctions<span class=\"_ _2\"></span> af<span class=\"_ _0\"></span>ter<span class=\"_ _4\"></span> discu<span class=\"_ _2\"></span>ssion with i<span class=\"_ _2\"></span>ndependent<span class=\"_ _363\"> </span> regis<span class=\"_ _0\"></span>tered pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y appr<span class=\"_ _0\"></span>aiser<span class=\"_ _0\"></span>s and<span class=\"_ _0\"></span>/<span class=\"_ _4\"></span>or wit<span class=\"_ _0\"></span>h<span class=\"_ _363\"> </span> referen<span class=\"_ _0\"></span>ce to othe<span class=\"_ _0\"></span>r inform<span class=\"_ _0\"></span>ation s<span class=\"_ _0\"></span>ourc<span class=\"_ _0\"></span>es.<span class=\"_ _363\"> </span>Ireland<span class=\"_ _2\"></span> \u2013 Urban<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ls2 ws3\"> <span class=\"_ _31\"></span>C<span class=\"_ _0\"></span>omparable o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ice market<span class=\"_ _2\"></span> pr<span class=\"_ _0\"></span>ices <span class=\"ws0\"> </span></span>of \u00a323<span class=\"_ _0\"></span>9 pe<span class=\"_ _0\"></span>r square m<span class=\"_ _0\"></span>etre<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>(2021<span class=\"_ _2\"></span>: \u00a3<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>6 \u2013 \u00a31<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>28<span class=\"_ _0\"></span>3 pe<span class=\"_ _0\"></span>r square m<span class=\"_ _0\"></span>etre).<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>able wa<span class=\"_ _0\"></span>reho<span class=\"_ _0\"></span>use mar<span class=\"_ _0\"></span>ket pr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s of<span class=\"_ _363\"> </span></span><span class=\"ws0\"> </span>\u00a32<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 \u2013 \u00a31<span class=\"_ _2\"></span>,0<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>8 pe<span class=\"_ _0\"></span>r square m<span class=\"_ _0\"></span>etre (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a3210<span class=\"_ _363\"> </span> \u2013 \u00a38<span class=\"_ _0\"></span>37 pe<span class=\"_ _0\"></span>r square m<span class=\"_ _0\"></span>etre).<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ls2 ws3\">Comparable agricultural<span class=\"_ _4\"></span> land mark<span class=\"_ _2\"></span>et prices <span class=\"ws0\"> </span></span>of \u00a31<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,973 pe<span class=\"_ _0\"></span>r acre (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a31<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>4 per ac<span class=\"_ _0\"></span>re).<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ls47 wsf\">Comparable industrial land price <span class=\"ls2 ws0\"> </span></span>of \u00a38<span class=\"_ _0\"></span>8,6<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>33<span class=\"_ _0\"></span>9,<span class=\"_ _0\"></span>00<span class=\"_ _0\"></span>0 pe<span class=\"_ _0\"></span>r acre (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a38<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>80<span class=\"_ _363\"> </span> per a<span class=\"_ _0\"></span>cre).<span class=\"_ _363\"> </span>Ireland \u2013 Regional<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"lsc ws10\">Compar<span class=\"_ _0\"></span>able warehouse market prices <span class=\"ls2 ws0\"> </span></span>of \u00a332<span class=\"_ _0\"></span>3 \u2013 \u00a3529 pe<span class=\"_ _0\"></span>r squa<span class=\"_ _0\"></span>re met<span class=\"_ _0\"></span>re <span class=\"ls2\"> </span>(2021<span class=\"_ _2\"></span>: \u00a31<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>0\u2013 \u00a331<span class=\"_ _2\"></span>5 p<span class=\"_ _0\"></span>er squ<span class=\"_ _0\"></span>are met<span class=\"_ _0\"></span>re).<span class=\"_ _363\"> </span>UK \u2013 Re<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al (excl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g ma<span class=\"_ _0\"></span>jo<span class=\"_ _0\"></span>r ci<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s)<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"lsc ws10\">Compar<span class=\"_ _0\"></span>able warehouse market price <span class=\"ls2 ws0\"> </span></span>of \u00a335<span class=\"_ _0\"></span>0 per s<span class=\"_ _0\"></span>quare m<span class=\"_ _0\"></span>etre <span class=\"ls2\"> </span>(2021<span class=\"_ _2\"></span>: \u00a3<span class=\"_ _0\"></span>350 p<span class=\"_ _0\"></span>er squ<span class=\"_ _0\"></span>are met<span class=\"_ _0\"></span>re).<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>able re<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>ntial ma<span class=\"_ _0\"></span>rket pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es<span class=\"_ _363\"> </span></span><span class=\"ws0\"> </span>of dilapid<span class=\"_ _0\"></span>ated resid<span class=\"_ _0\"></span>entia<span class=\"_ _0\"></span>l in the re<span class=\"_ _0\"></span>gio<span class=\"_ _0\"></span>n of<span class=\"_ _363\"> </span> \u00a350<span class=\"_ _2\"></span>,000 (<span class=\"_ _2\"></span>2021<span class=\"_ _5\"></span>: \u00a350<span class=\"_ _2\"></span>,000)<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>able i<span class=\"_ _0\"></span>ndust<span class=\"_ _0\"></span>rial o<span class=\"_ _0\"></span>r deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>ment la<span class=\"_ _0\"></span>nd<span class=\"_ _363\"> </span></span><span class=\"ws0\"> </span>bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n \u00a31<span class=\"_ _2\"></span>50<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>00 \u2013 \u00a35<span class=\"_ _0\"></span>87<span class=\"_ _2\"></span>,0<span class=\"_ _0\"></span>00 p<span class=\"_ _0\"></span>er ac<span class=\"_ _0\"></span>re.<span class=\"_ _363\"> </span>UK \u2013<span class=\"_ _2\"></span> Urban<span class=\"_ _363\"> </span> \u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>able m<span class=\"_ _0\"></span>arket p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>es for d<span class=\"_ _0\"></span>evelo<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt<span class=\"_ _363\"> </span></span><span class=\"ws0\"> </span>sites of \u00a31<span class=\"_ _2\"></span>.5 milli<span class=\"_ _0\"></span>on \u2013 \u00a37<span class=\"_ _2\"></span>.4 milli<span class=\"_ _0\"></span>on pe<span class=\"_ _0\"></span>r acre<span class=\"_ _0\"></span> (2021<span class=\"_ _2\"></span>: \u00a30.6 mil<span class=\"_ _0\"></span>lion \u2013 4<span class=\"_ _0\"></span>.5 millio<span class=\"_ _0\"></span>n)<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> The estimated fair<span class=\"_ _2\"></span> value would increase/<span class=\"_ _363\"> </span> (<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>ecrease) if:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>able m<span class=\"_ _0\"></span>arket p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>es pe<span class=\"_ _0\"></span>r square m<span class=\"_ _0\"></span>etre<span class=\"_ _0\"></span> </span>were<span class=\"_ _2\"></span> higher<span class=\"_ _2\"></span>/(low<span class=\"_ _2\"></span>er).<span class=\"ff83 ls2 ws0\"> </span>Independe<span class=\"_ _0\"></span>nt valuations<span class=\"_ _2\"></span>:<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e value is bas<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n the op<span class=\"_ _0\"></span>inio<span class=\"_ _0\"></span>n of <span class=\"ls2\"> </span>independen<span class=\"_ _4\"></span>t regi<span class=\"_ _2\"></span>stered pr<span class=\"_ _2\"></span>oper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y appra<span class=\"_ _2\"></span>isers<span class=\"_ _363\"> </span>UK<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>ree (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: four) pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties we<span class=\"_ _0\"></span>re value<span class=\"_ _0\"></span>d by<span class=\"_ _363\"> </span></span><span class=\"ws0\"> </span>independen<span class=\"_ _4\"></span>t property apprais<span class=\"_ _4\"></span>ers in<span class=\"_ _2\"></span> D<span class=\"_ _0\"></span>ecember<span class=\"_ _363\"> </span> 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>. The tota<span class=\"_ _0\"></span>l value was \u00a314.9 million (2021<span class=\"_ _2\"></span>:<span class=\"_ _0\"></span> \u00a31<span class=\"_ _2\"></span>5.8 m<span class=\"_ _0\"></span>illion).<span class=\"_ _363\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInvestmentPropertyExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-668": {
   "value": "13. <span class=\"_ _1f2\"> </span>Property<span class=\"_ _2\"></span>, Plant and<span class=\"_ _4\"></span> Equipment, Right-of-Use A<span class=\"_ _2\"></span>sset, Properties Held for Sale <span class=\"ls2 ws0\"> </span>and Inv<span class=\"_ _2\"></span>estment Properties<span class=\"_ _363\"> </span>13. (<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>) Property<span class=\"_ _2\"></span>, Plant<span class=\"_ _2\"></span> and Equipment<span class=\"_ _363\"> </span>Freehold<span class=\"_ _4\"></span> land and buildings \u00a3\u2019000<span class=\"_ _363\"> </span>Leasehold improvements/ buildings \u00a3\u2019000<span class=\"_ _363\"> </span>Plant<span class=\"_ _2\"></span> and Machiner<span class=\"_ _0\"></span>y \u00a3\u2019000<span class=\"_ _363\"> </span>Motor<span class=\"_ _4\"></span> Vehicles<span class=\"_ _2\"></span> \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>Y<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _363\"> </span>Op<span class=\"_ _0\"></span>ening n<span class=\"_ _0\"></span>et bo<span class=\"_ _0\"></span>ok am<span class=\"_ _0\"></span>ount<span class=\"_ _230\"> </span><span class=\"ff83 lsc0 ws9a\">1<span class=\"_ _2\"></span>46,36<span class=\"_ _2\"></span>2<span class=\"_ _e9\"> </span><span class=\"ls8b ws7c\">62<span class=\"_ _0\"></span>,30<span class=\"_ _0\"></span>6<span class=\"_ _5b\"> </span><span class=\"ls155 ws169\">8<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9<span class=\"_ _5b\"> </span></span>24,828<span class=\"_ _96\"> </span><span class=\"ls134 ws145\">3<span class=\"_ _0\"></span>19<span class=\"_ _0\"></span>,<span class=\"_ _34\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>5<span class=\"_ _363\"> </span></span></span></span>Additions<span class=\"_ _231\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>3<span class=\"_ _6c\"> </span><span class=\"ls33 ws29\">11<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>12<span class=\"_ _3\"></span>8<span class=\"_ _5d\"> </span><span class=\"ls146 ws155\">3<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>7<span class=\"_ _46\"> </span><span class=\"ls72 wse\">5,540<span class=\"_ _5b\"> </span><span class=\"lse7 wsb8\">5<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>18<span class=\"_ _363\"> </span></span></span></span></span></span>Ar<span class=\"_ _0\"></span>ising o<span class=\"_ _0\"></span>n acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns (Note 27<span class=\"_ _0\"></span>)<span class=\"_ _232\"> </span><span class=\"ff83 ls134 ws145\">3<span class=\"_ _0\"></span>,14<span class=\"_ _3\"></span>0<span class=\"_ _fa\"> </span><span class=\"ls97 ws88\">579<span class=\"_ _11d\"> </span><span class=\"ls12a wsab\">534<span class=\"_ _c1\"> </span><span class=\"ls73 ws68\">406<span class=\"_ _181\"> </span><span class=\"lsa7 ws9c\">4<span class=\"_ _0\"></span>,659<span class=\"_ _363\"> </span></span></span></span></span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _17a\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _1ca\"> </span><span class=\"ls157 ws16b\">(4<span class=\"_ _3\"></span>3)<span class=\"_ _60\"> </span>(4<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>)<span class=\"_ _14c\"> </span><span class=\"ls35 ws2b\">(9<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _a3\"> </span><span class=\"lsa7 ws9c\">(597<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span></span></span>De<span class=\"_ _0\"></span>prec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n charg<span class=\"_ _0\"></span>e (Note 3)<span class=\"_ _bf\"> </span><span class=\"ff83 lse4 wsdc\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>87<span class=\"_ _3\"></span>)<span class=\"_ _e9\"> </span><span class=\"ls146 ws155\">(<span class=\"_ _34\"></span>7,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>)<span class=\"_ _c2\"> </span><span class=\"lse7 wsb8\">(<span class=\"_ _0\"></span>18<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _20\"> </span><span class=\"ls35 ws2b\">(5,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>9)<span class=\"_ _96\"> </span><span class=\"ls134 ws145\">(<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>,17<span class=\"_ _3\"></span>1)<span class=\"_ _363\"> </span></span></span></span></span></span>Rec<span class=\"_ _0\"></span>lassif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation f<span class=\"_ _0\"></span>rom inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _159\"> </span><span class=\"ff83 ls18 ws12\">423<span class=\"_ _e7\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _11d\"> </span></span>423<span class=\"_ _363\"> </span></span>Exchange a<span class=\"_ _4\"></span>djustmen<span class=\"_ _2\"></span>t<span class=\"_ _233\"> </span><span class=\"ff83 ls97 ws88\">6,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>27<span class=\"_ _11d\"> </span><span class=\"ls20 ws19\">353<span class=\"_ _46\"> </span><span class=\"ls155 ws169\">2<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6<span class=\"_ _12f\"> </span></span>289<span class=\"_ _6e\"> </span><span class=\"lsdb wsb1\">9,475<span class=\"_ _363\"> </span></span></span></span>Closi<span class=\"_ _0\"></span>ng net b<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>k amou<span class=\"_ _0\"></span>nt<span class=\"_ _ff\"> </span><span class=\"ff83 ls6c ws61\">1<span class=\"_ _2\"></span>54,54<span class=\"_ _0\"></span>8<span class=\"_ _20\"> </span><span class=\"ls34 ws2a\">6<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>,9<span class=\"_ _0\"></span>51<span class=\"_ _b0\"> </span><span class=\"ls146 ws155\">1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>6<span class=\"_ _5b\"> </span><span class=\"ls97 ws88\">25,<span class=\"_ _0\"></span>277<span class=\"_ _2f\"> </span><span class=\"ls72 wse\">354,402<span class=\"_ _363\"> </span></span></span></span></span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _363\"> </span>Cost<span class=\"_ _234\"> </span><span class=\"ff83 ls1a ws7d\">202<span class=\"_ _0\"></span>,570<span class=\"_ _db\"> </span><span class=\"ls89 wsd0\">12<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>,7<span class=\"_ _3\"></span>19<span class=\"_ _c2\"> </span><span class=\"ls68 ws5d\">298,804<span class=\"_ _11a\"> </span><span class=\"lse7 wsb8\">5<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>18<span class=\"_ _b0\"> </span><span class=\"ls33 ws29\">6<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _34\"></span>3<span class=\"_ _3\"></span>11<span class=\"_ _363\"> </span></span></span></span></span></span>Acc<span class=\"_ _0\"></span>umulate<span class=\"_ _0\"></span>d depre<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ation &amp; i<span class=\"_ _0\"></span>mpair<span class=\"_ _0\"></span>ment l<span class=\"_ _0\"></span>oss<span class=\"_ _235\"> </span><span class=\"ff83 ls157 ws16b\">(4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>2)<span class=\"_ _c2\"> </span><span class=\"ls155 ws169\">(5<span class=\"_ _3\"></span>8,7<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>8)<span class=\"_ _10d\"> </span><span class=\"ls134 ws145\">(<span class=\"_ _0\"></span>19<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,17<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _96\"> </span><span class=\"lse8 wsde\">(2<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>1)<span class=\"_ _1ea\"> </span><span class=\"ls35 ws2b\">(3<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span></span></span></span></span></span>Net b<span class=\"_ _0\"></span>ook a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _236\"> </span><span class=\"ff83 ls6c ws61\">1<span class=\"_ _2\"></span>54,548<span class=\"_ _5b\"> </span><span class=\"ls34 ws2a\">6<span class=\"_ _0\"></span>6,<span class=\"_ _0\"></span>951<span class=\"_ _b0\"> </span><span class=\"ls146 ws155\">1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>6<span class=\"_ _5b\"> </span><span class=\"ls97 ws88\">25,277<span class=\"_ _2f\"> </span><span class=\"ls72 wse\">354,402<span class=\"_ _363\"> </span></span></span></span></span></span>Y<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Op<span class=\"_ _0\"></span>ening n<span class=\"_ _0\"></span>et bo<span class=\"_ _0\"></span>ok am<span class=\"_ _0\"></span>ount<span class=\"_ _237\"> </span><span class=\"ls3e ws35\">26<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>375<span class=\"_ _c4\"> </span><span class=\"ls8b ws7c\">73,5<span class=\"_ _0\"></span>80<span class=\"_ _63\"> </span><span class=\"ls132 ws146\">9<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,12<span class=\"_ _3\"></span>9<span class=\"_ _5d\"> </span></span></span></span><span class=\"ws77\">52<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>45<span class=\"_ _0\"></span>5<span class=\"_ _b0\"> </span><span class=\"ls73 ws68\">493,<span class=\"_ _4\"></span>539<span class=\"_ _363\"> </span></span></span>Additions<span class=\"_ _1c2\"> </span><span class=\"lsdd ws3b\">1,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>8<span class=\"_ _a4\"> </span>6<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>17<span class=\"_ _63\"> </span><span class=\"ls132 ws146\">2<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>0<span class=\"_ _60\"> </span><span class=\"ls14 wsb9\">6,<span class=\"_ _0\"></span>471<span class=\"_ _126\"> </span><span class=\"ls37 ws2d\">4<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>16<span class=\"_ _363\"> </span></span></span></span></span>Ar<span class=\"_ _0\"></span>ising o<span class=\"_ _0\"></span>n acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _209\"> </span><span class=\"lsdf wsd6\">11<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>4<span class=\"_ _34\"></span>4<span class=\"_ _79\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _60\"> </span><span class=\"ls89 wsd0\">5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>12<span class=\"_ _fa\"> </span><span class=\"ls12a wsab\">880<span class=\"_ _76\"> </span><span class=\"lsdd ws3b\">18<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>6<span class=\"_ _363\"> </span></span></span></span></span>Disposal of Gr<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>up businesses<span class=\"_ _238\"> </span><span class=\"lsdf wsd6\">(<span class=\"_ _3\"></span>115<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _34\"></span>3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>)<span class=\"_ _2c\"> </span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>10<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _b4\"> </span><span class=\"lsa2 ws97\">(<span class=\"_ _0\"></span>24,<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4)<span class=\"_ _db\"> </span><span class=\"lse0 wsd7\">(<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>1)<span class=\"_ _92\"> </span><span class=\"ls143 ws151\">(<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>7<span class=\"_ _34\"> </span>7,<span class=\"_ _34\"></span>5<span class=\"_ _3\"></span>15<span class=\"_ _34\"></span>)<span class=\"_ _363\"> </span></span></span></span></span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _239\"> </span><span class=\"lsf ws9b\">(2<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4)<span class=\"_ _12f\"> </span><span class=\"ls105 ws162\">(<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9)<span class=\"_ _a4\"> </span><span class=\"ls35 ws2b\">(9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0)<span class=\"_ _12f\"> </span>(8<span class=\"_ _0\"></span>0)<span class=\"_ _63\"> </span><span class=\"ls132 ws146\">(<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>,13<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span></span></span></span>De<span class=\"_ _0\"></span>prec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n charg<span class=\"_ _0\"></span>e<span class=\"_ _1ba\"> </span><span class=\"ls35 ws2b\">(3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>20)<span class=\"_ _126\"> </span><span class=\"ls14e ws15e\">(<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>74<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>)<span class=\"_ _2c\"> </span><span class=\"ls3f ws36\">(<span class=\"_ _0\"></span>19<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _5f\"> </span><span class=\"lsdf wsd6\">(<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,115<span class=\"_ _34\"></span>)<span class=\"_ _db\"> </span><span class=\"ls12a wsab\">(<span class=\"_ _2\"></span>38,270<span class=\"_ _2\"></span>)<span class=\"_ _363\"> </span></span></span></span></span></span>Impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt charg<span class=\"_ _0\"></span>e<span class=\"_ _23a\"> </span><span class=\"ls2\">\u2013<span class=\"_ _123\"> </span><span class=\"ls35 ws2b\">(2<span class=\"_ _0\"></span>0)<span class=\"_ _ce\"> </span><span class=\"lse8 wsde\">(<span class=\"_ _0\"></span>14<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _22\"> </span></span></span>\u2013<span class=\"_ _18\"> </span><span class=\"ls37 ws2d\">(<span class=\"_ _0\"></span>16<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span></span>Rec<span class=\"_ _0\"></span>lassif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation to p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s held fo<span class=\"_ _0\"></span>r sale<span class=\"_ _23b\"> </span><span class=\"lsa2 ws97\">(324<span class=\"_ _0\"></span>)<span class=\"_ _8b\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _128\"> </span>\u2013<span class=\"_ _18\"> </span><span class=\"lsa2 ws97\">(324)<span class=\"_ _363\"> </span></span></span>Rec<span class=\"_ _0\"></span>lassif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation f<span class=\"_ _0\"></span>rom inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _7\"> </span><span class=\"ls35 ws2b\">(5,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0)<span class=\"_ _22\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _5f\"> </span><span class=\"ls35 ws2b\">(5<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0)<span class=\"_ _363\"> </span></span></span>Exchange a<span class=\"_ _4\"></span>djustmen<span class=\"_ _2\"></span>t<span class=\"_ _220\"> </span><span class=\"ls143 ws151\">(<span class=\"_ _34\"></span>7,<span class=\"_ _34\"></span>4<span class=\"_ _3\"></span>5<span class=\"_ _34\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _ce\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>4)<span class=\"_ _5d\"> </span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>417<span class=\"_ _3\"></span>)<span class=\"_ _ce\"> </span><span class=\"lsf ws9b\">(28<span class=\"_ _0\"></span>2)<span class=\"_ _b0\"> </span></span>(<span class=\"_ _0\"></span>10<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span></span>Closi<span class=\"_ _0\"></span>ng net b<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>k amou<span class=\"_ _0\"></span>nt<span class=\"_ _23c\"> </span><span class=\"lse8 wsde\">14<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>2<span class=\"_ _76\"> </span><span class=\"lsa7 ws9c\">62,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>06<span class=\"_ _5d\"> </span><span class=\"ls144 ws152\">8<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9<span class=\"_ _76\"> </span><span class=\"lsa2 ws97\">24<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>8<span class=\"_ _21\"> </span><span class=\"ls3f ws36\">319<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>5<span class=\"_ _363\"> </span></span></span></span></span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Cost<span class=\"_ _15b\"> </span><span class=\"lsdd ws3b\">18<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _8c\"> </span><span class=\"lsdf wsd6\">113<span class=\"_ _3\"></span>,<span class=\"_ _34\"></span>2<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>5<span class=\"_ _21\"> </span><span class=\"lsb ws55\">259,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>81<span class=\"_ _c4\"> </span><span class=\"ls12a wsab\">48,253<span class=\"_ _2c\"> </span></span></span></span>6<span class=\"_ _0\"></span>10<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _363\"> </span></span>Acc<span class=\"_ _0\"></span>umulate<span class=\"_ _0\"></span>d depre<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ation &amp; i<span class=\"_ _0\"></span>mpair<span class=\"_ _0\"></span>ment l<span class=\"_ _0\"></span>oss<span class=\"_ _23d\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>26<span class=\"_ _3\"></span>4)<span class=\"_ _db\"> </span><span class=\"ls105 ws162\">(5<span class=\"_ _0\"></span>0,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>9)<span class=\"_ _1af\"> </span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>17<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _db\"> </span><span class=\"ls6e ws10\">(<span class=\"_ _2\"></span>23,425)<span class=\"_ _44\"> </span><span class=\"ls132 ws146\">(<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>1,13<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span></span></span></span>Net b<span class=\"_ _0\"></span>ook a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _23e\"> </span><span class=\"lse8 wsde\">14<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>2<span class=\"_ _76\"> </span><span class=\"lsa7 ws9c\">62,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>06<span class=\"_ _5d\"> </span><span class=\"ls144 ws152\">8<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9<span class=\"_ _76\"> </span><span class=\"lsa2 ws97\">24<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>8<span class=\"_ _21\"> </span><span class=\"ls3f ws36\">319<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>5<span class=\"_ _363\"> </span></span></span></span></span></span>Th<span class=\"_ _0\"></span>e Group\u2019s fre<span class=\"_ _0\"></span>eh<span class=\"_ _0\"></span>old an<span class=\"_ _0\"></span>d lon<span class=\"_ _0\"></span>g lease<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>d prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es lo<span class=\"_ _0\"></span>cated in t<span class=\"_ _0\"></span>he Re<span class=\"_ _0\"></span>publi<span class=\"_ _0\"></span>c of Ireland we<span class=\"_ _0\"></span>re professio<span class=\"_ _0\"></span>nally va<span class=\"_ _0\"></span>lued a<span class=\"_ _0\"></span>s at De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ber 1998 by<span class=\"_ _0\"></span> professio<span class=\"_ _0\"></span>nal valu<span class=\"_ _0\"></span>ers in a<span class=\"_ _0\"></span>cco<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce wit<span class=\"_ _0\"></span>h the A<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>raisal an<span class=\"_ _0\"></span>d Valuatio<span class=\"_ _0\"></span>n Manual of t<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>y of Char<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>red Su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>veyor<span class=\"_ _0\"></span>s. Pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y acqu<span class=\"_ _0\"></span>ired<span class=\"_ _0\"></span>/purchas<span class=\"_ _0\"></span>ed af<span class=\"_ _0\"></span>ter De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 1<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>98 is s<span class=\"_ _0\"></span>tated at c<span class=\"_ _0\"></span>ost o<span class=\"_ _0\"></span>r dee<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>t. Pre<span class=\"_ _0\"></span>viou<span class=\"_ _0\"></span>s valuati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h were mad<span class=\"_ _0\"></span>e on an op<span class=\"_ _0\"></span>en ma<span class=\"_ _0\"></span>rket for e<span class=\"_ _0\"></span>xistin<span class=\"_ _0\"></span>g use basis<span class=\"_ _0\"></span>, were de<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>d to be co<span class=\"_ _0\"></span>st for th<span class=\"_ _0\"></span>e pur<span class=\"_ _0\"></span>pose of t<span class=\"_ _0\"></span>he tra<span class=\"_ _0\"></span>nsiti<span class=\"_ _0\"></span>on to IFR<span class=\"_ _0\"></span>S as adopte<span class=\"_ _0\"></span>d by the E<span class=\"_ _0\"></span>U. Th<span class=\"_ _0\"></span>e remain<span class=\"_ _0\"></span>ing pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h are lo<span class=\"_ _0\"></span>cated in t<span class=\"_ _0\"></span>he Uni<span class=\"_ _0\"></span>ted King<span class=\"_ _0\"></span>dom<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e Net<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>lands a<span class=\"_ _0\"></span>nd Finl<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>, are inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>d at cos<span class=\"_ _0\"></span>t less d<span class=\"_ _0\"></span>epre<span class=\"_ _0\"></span>ciat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>13. <span class=\"_ _1f2\"> </span>Property<span class=\"_ _2\"></span>, Plant and<span class=\"_ _4\"></span> Equipment, Right-of-Use A<span class=\"_ _2\"></span>sset, Properties Held for Sale <span class=\"ls2 ws0\"> </span>and Inv<span class=\"_ _2\"></span>estment Properties<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>13<span class=\"_ _0\"></span>. (<span class=\"_ _2\"></span>b<span class=\"_ _4\"></span>) Rig<span class=\"_ _0\"></span>ht-<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>f-<span class=\"_ _0\"></span>Use Ass<span class=\"_ _0\"></span>et<span class=\"_ _363\"> </span>Property &amp; Land Leases \u00a3\u2019000<span class=\"_ _363\"> </span>Ve<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Other Asse<span class=\"_ _0\"></span>ts \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>Y<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _363\"> </span>Op<span class=\"_ _0\"></span>ening b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e at 1 Janua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>22<span class=\"_ _23f\"> </span><span class=\"ff83 ls33 ws29\">4<span class=\"_ _0\"></span>11<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _6e\"> </span><span class=\"ls15 ws32\">9,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>09<span class=\"_ _11d\"> </span><span class=\"ls97 ws88\">79<span class=\"_ _0\"></span>0<span class=\"_ _a1\"> </span><span class=\"ls22 ws66\">4<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span></span></span></span></span>Additions*<span class=\"_ _240\"> </span><span class=\"ff83 ls146 ws155\">2<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>9<span class=\"_ _a3\"> </span><span class=\"lsc2 ws168\">4<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _3\"></span>4<span class=\"_ _8b\"> </span><span class=\"lse7 wsb8\">18<span class=\"_ _76\"> </span><span class=\"ls22 ws66\">3<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>1<span class=\"_ _363\"> </span></span></span></span></span>Ar<span class=\"_ _0\"></span>ising o<span class=\"_ _0\"></span>n acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns (Note 27<span class=\"_ _0\"></span>)<span class=\"_ _241\"> </span><span class=\"ff83 ls12a wsab\">2,<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>45<span class=\"_ _114\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _6d\"> </span></span>2,<span class=\"_ _4\"></span>7<span class=\"_ _2\"></span>45<span class=\"_ _363\"> </span></span>De<span class=\"_ _0\"></span>prec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n charg<span class=\"_ _0\"></span>e (Note 3)<span class=\"_ _1f8\"> </span><span class=\"ff83 ls103 wsf8\">(5<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,6<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>0)<span class=\"_ _e9\"> </span><span class=\"ls157 ws16b\">(4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>0)<span class=\"_ _11d\"> </span><span class=\"ls144 ws152\">(62<span class=\"_ _0\"></span>)<span class=\"_ _96\"> </span><span class=\"ls134 ws145\">(<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>,14<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span></span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _152\"> </span><span class=\"ff83 ls22 ws66\">(<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _60\"> </span><span class=\"ls16 ws10c\">(33<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _8b\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _126\"> </span><span class=\"ls35 ws2b\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span></span></span></span></span>Reme<span class=\"_ _0\"></span>asurem<span class=\"_ _0\"></span>ents*<span class=\"_ _242\"> </span><span class=\"ff83 ls33 ws29\">16<span class=\"_ _34\"></span>,111<span class=\"_ _10c\"> </span>11<span class=\"_ _0\"></span>5<span class=\"_ _d0\"> </span><span class=\"lsbd wsb4\">(5<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>8)<span class=\"_ _21\"> </span><span class=\"ls8b ws7c\">1<span class=\"_ _4\"></span>5,678<span class=\"_ _363\"> </span></span></span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _243\"> </span><span class=\"ff83 ls31 ws27\">10<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _fa\"> </span><span class=\"ls97 ws88\">379<span class=\"_ _f4\"> </span></span>10<span class=\"_ _5d\"> </span><span class=\"lse7 wsb8\">10<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>18<span class=\"_ _363\"> </span></span></span>Closi<span class=\"_ _0\"></span>ng net b<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>k amou<span class=\"_ _0\"></span>nt<span class=\"_ _244\"> </span><span class=\"ff83 lsc2 ws168\">41<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>74<span class=\"_ _6e\"> </span><span class=\"ls15 ws32\">9,8<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>3<span class=\"_ _11d\"> </span><span class=\"ls8b ws7c\">208<span class=\"_ _2c\"> </span><span class=\"ls33 ws29\">4<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>115<span class=\"_ _363\"> </span></span></span></span></span>Y<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed at 1 Ja<span class=\"_ _0\"></span>nuar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>021<span class=\"_ _245\"> </span><span class=\"ls132 ws146\">4<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,1<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>9<span class=\"_ _63\"> </span><span class=\"lse0 wsd7\">13<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>1<span class=\"_ _1c\"> </span><span class=\"lsdd ws3b\">10<span class=\"_ _3\"></span>2<span class=\"_ _b0\"> </span><span class=\"lsa7 ws9c\">5<span class=\"_ _0\"></span>05<span class=\"_ _0\"></span>,92<span class=\"_ _0\"></span>2<span class=\"_ _363\"> </span></span></span></span></span>Additions<span class=\"_ _1c0\"> </span><span class=\"ls19 ws13\">15<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _34\"></span>0<span class=\"_ _3\"></span>4<span class=\"_ _77\"> </span><span class=\"ls36 wsf\">6,8<span class=\"_ _0\"></span>08<span class=\"_ _11\"> </span><span class=\"lsdd ws3b\">8<span class=\"_ _0\"></span>18<span class=\"_ _76\"> </span><span class=\"lsc0 ws9a\">22,630<span class=\"_ _363\"> </span></span></span></span></span>Ar<span class=\"_ _0\"></span>ising o<span class=\"_ _0\"></span>n acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _1be\"> </span><span class=\"ls132 ws146\">2<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,19<span class=\"_ _3\"></span>2<span class=\"_ _79\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _63\"> </span><span class=\"ls132 ws146\">2<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>19<span class=\"_ _3\"></span>2<span class=\"_ _363\"> </span></span></span>De<span class=\"_ _0\"></span>prec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n charg<span class=\"_ _0\"></span>e<span class=\"_ _246\"> </span><span class=\"ls12f ws7a\">(5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>4)<span class=\"_ _11a\"> </span><span class=\"ls34 ws2a\">(5<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>8)<span class=\"_ _112\"> </span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>10<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _2c\"> </span><span class=\"lsa2 ws97\">(59<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>624)<span class=\"_ _363\"> </span></span></span></span></span>Disposal of Gr<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>up businesses (No<span class=\"_ _4\"></span>te 27)<span class=\"_ _247\"> </span><span class=\"ls132 ws146\">(<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,16<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _126\"> </span><span class=\"ls19 ws13\">(<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>15<span class=\"_ _3\"></span>)<span class=\"_ _fa\"> </span><span class=\"lsa2 ws97\">(3<span class=\"_ _0\"></span>6)<span class=\"_ _2c\"> </span><span class=\"ls69 ws91\">(6<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>,613)<span class=\"_ _363\"> </span></span></span></span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _248\"> </span><span class=\"ls69 ws91\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>3)<span class=\"_ _ce\"> </span><span class=\"ls3f ws36\">(<span class=\"_ _0\"></span>19<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _22\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _1b\"> </span><span class=\"ls144 ws152\">(2<span class=\"_ _3\"></span>,79<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span></span></span>Reme<span class=\"_ _0\"></span>asurem<span class=\"_ _0\"></span>ents<span class=\"_ _249\"> </span><span class=\"ls42 ws38\">5<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>41<span class=\"_ _fa\"> </span><span class=\"ls97 ws88\">4<span class=\"_ _0\"></span>67<span class=\"_ _d1\"> </span><span class=\"lse0 wsd7\">13<span class=\"_ _60\"> </span><span class=\"ls16 ws10c\">5,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span></span></span></span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _21f\"> </span><span class=\"lse0 wsd7\">(<span class=\"_ _3\"></span>13<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _82\"> </span>(4<span class=\"_ _34\"></span>5<span class=\"_ _0\"></span>1)<span class=\"_ _f4\"> </span><span class=\"ls12f ws7a\">(5<span class=\"_ _0\"></span>)<span class=\"_ _db\"> </span><span class=\"lse8 wsde\">(<span class=\"_ _0\"></span>14<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span></span>Closi<span class=\"_ _0\"></span>ng net b<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>k amou<span class=\"_ _0\"></span>nt<span class=\"_ _a9\"> </span><span class=\"lsdf wsd6\">4<span class=\"_ _0\"></span>11<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _a3\"> </span><span class=\"ls13 ws22\">9,4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9<span class=\"_ _12f\"> </span><span class=\"ls1a ws7d\">790<span class=\"_ _21\"> </span><span class=\"ls16 ws10c\">421<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>25<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span></span></span></span>*  <span class=\"_ _32\"> </span>R<span class=\"_ _0\"></span>ight<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>use a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t add<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s rela<span class=\"_ _0\"></span>te to new l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s ente<span class=\"_ _0\"></span>red i<span class=\"_ _0\"></span>nto dur<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g the y<span class=\"_ _0\"></span>ear a<span class=\"_ _0\"></span>nd ma<span class=\"_ _0\"></span>inl<span class=\"_ _0\"></span>y ari<span class=\"_ _0\"></span>se du<span class=\"_ _0\"></span>e to le<span class=\"_ _0\"></span>ases e<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>ed in<span class=\"_ _0\"></span>to for n<span class=\"_ _0\"></span>ew sto<span class=\"_ _0\"></span>re lo<span class=\"_ _0\"></span>cat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns, a n<span class=\"_ _0\"></span>ew wa<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ous<span class=\"_ _0\"></span>e and n<span class=\"_ _0\"></span>ew le<span class=\"_ _0\"></span>ase c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>cts a<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>ed fo<span class=\"_ _0\"></span>r ex<span class=\"_ _0\"></span>ist<span class=\"_ _0\"></span>ing s<span class=\"_ _0\"></span>tores<span class=\"_ _0\"></span>. Ri<span class=\"_ _0\"></span>ght-<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>-u<span class=\"_ _0\"></span>se as<span class=\"_ _0\"></span>set r<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s have m<span class=\"_ _0\"></span>ainl<span class=\"_ _0\"></span>y ar<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>n due to t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>alis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of re<span class=\"_ _0\"></span>nt rev<span class=\"_ _0\"></span>iew<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of ex<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n opt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s avail<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e to th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up on a n<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>er of p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at will n<span class=\"_ _0\"></span>ot be e<span class=\"_ _0\"></span>xerc<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g value of ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h the Gro<span class=\"_ _0\"></span>up subl<span class=\"_ _0\"></span>ease as o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ating l<span class=\"_ _0\"></span>eases an<span class=\"_ _0\"></span>d gen<span class=\"_ _0\"></span>erate in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e from<span class=\"_ _0\"></span>, am<span class=\"_ _0\"></span>ounted to \u00a31<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.6 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a314.5 million).<span class=\"_ _363\"> </span>Cashf<span class=\"_ _0\"></span>low ex<span class=\"_ _0\"></span>posu<span class=\"_ _0\"></span>res relat<span class=\"_ _0\"></span>ing to ex<span class=\"_ _0\"></span>tensio<span class=\"_ _0\"></span>n opti<span class=\"_ _0\"></span>ons and te<span class=\"_ _0\"></span>rmin<span class=\"_ _0\"></span>ation o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns, whi<span class=\"_ _0\"></span>ch are n<span class=\"_ _0\"></span>ot refl<span class=\"_ _0\"></span>ecte<span class=\"_ _0\"></span>d in the m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>ment of l<span class=\"_ _0\"></span>ease liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es are \u00a3Ni<span class=\"_ _0\"></span>l (<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>1:<span class=\"_ _0\"></span> N<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>)<span class=\"_ _3\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e averag<span class=\"_ _0\"></span>e lease ter<span class=\"_ _0\"></span>m is 7<span class=\"_ _2\"></span>.6 years (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: 8.3 y<span class=\"_ _0\"></span>ears). The aver<span class=\"_ _0\"></span>age re<span class=\"_ _0\"></span>mainin<span class=\"_ _0\"></span>g lease ter<span class=\"_ _0\"></span>m at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2 is 3<span class=\"_ _0\"></span>.6 years (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: 4.0 yea<span class=\"_ _0\"></span>rs).<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e amou<span class=\"_ _0\"></span>nts rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>:<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Continuing \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>De<span class=\"_ _0\"></span>prec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n exp<span class=\"_ _0\"></span>ense o<span class=\"_ _0\"></span>n rig<span class=\"_ _0\"></span>ht-<span class=\"_ _0\"></span>of-us<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts (Note 3)<span class=\"_ _122\"> </span><span class=\"ff83 ls134 ws145\">6<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,14<span class=\"_ _0\"></span>2<span class=\"_ _5d\"> </span></span><span class=\"ws77\">5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>,552<span class=\"_ _126\"> </span><span class=\"lsa2 ws97\">59<span class=\"_ _0\"></span>,624<span class=\"_ _363\"> </span></span></span>Interest e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nse on l<span class=\"_ _0\"></span>ease liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es (Note 7<span class=\"_ _0\"></span>)<span class=\"_ _7a\"> </span><span class=\"ff83 ls134 ws145\">14<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>919<span class=\"_ _63\"> </span></span><span class=\"lse8 wsde\">14<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>7<span class=\"_ _5d\"> </span><span class=\"ls19 ws13\">15<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _34\"></span>8<span class=\"_ _3\"></span>0<span class=\"_ _363\"> </span></span></span>E<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nse rel<span class=\"_ _0\"></span>ating to sh<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t ter<span class=\"_ _0\"></span>m leas<span class=\"_ _0\"></span>es (Note 3)<span class=\"_ _24a\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _ce\"> </span></span><span class=\"ls132 ws146\">1,1<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>7<span class=\"_ _a4\"> </span><span class=\"lsdd ws3b\">1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>7<span class=\"_ _363\"> </span></span></span>E<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nse rel<span class=\"_ _0\"></span>ating to le<span class=\"_ _0\"></span>ases of low<span class=\"_ _0\"></span>-val<span class=\"_ _0\"></span>ue asse<span class=\"_ _0\"></span>ts (N<span class=\"_ _0\"></span>ote 3)<span class=\"_ _102\"> </span><span class=\"ff83 ls8b ws7c\">200<span class=\"_ _f5\"> </span></span><span class=\"ls2c ws14\">38<span class=\"_ _f4\"> </span>38<span class=\"_ _363\"> </span></span>E<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nse rel<span class=\"_ _0\"></span>ating to var<span class=\"_ _0\"></span>iabl<span class=\"_ _0\"></span>e lease p<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nts not inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>e measu<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nts of lease l<span class=\"_ _0\"></span>iabili<span class=\"_ _0\"></span>ty<span class=\"_ _0\"></span> (N<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>e 3)<span class=\"_ _17b\"> </span><span class=\"ff83 ls20 ws19\">292<span class=\"_ _fa\"> </span></span><span class=\"ls37 ws2d\">16<span class=\"_ _3\"></span>9<span class=\"_ _206\"> </span>16<span class=\"_ _0\"></span>9<span class=\"_ _363\"> </span></span>Income from subleasing right<span class=\"_ _2\"></span>-<span class=\"_ _0\"></span>of-use assets \u2013 operating leases<span class=\"_ _24b\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>6<span class=\"_ _fa\"> </span></span><span class=\"lsff wsf3\">883<span class=\"_ _11d\"> </span>883<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e total cash o<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ow for leas<span class=\"_ _0\"></span>es amo<span class=\"_ _0\"></span>unted to \u00a373<span class=\"_ _0\"></span>.0 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a370.7 million).<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>ere have be<span class=\"_ _0\"></span>en n<span class=\"_ _0\"></span>o sale an<span class=\"_ _0\"></span>d lease<span class=\"_ _0\"></span>bac<span class=\"_ _0\"></span>k trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>ons in t<span class=\"_ _0\"></span>he cur<span class=\"_ _0\"></span>rent ye<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e undisc<span class=\"_ _0\"></span>ounted l<span class=\"_ _0\"></span>ease a<span class=\"_ _0\"></span>mount<span class=\"_ _0\"></span>s to be rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d on an an<span class=\"_ _0\"></span>nual basis<span class=\"_ _0\"></span>, in rel<span class=\"_ _0\"></span>ation to t<span class=\"_ _0\"></span>he subl<span class=\"_ _0\"></span>ease o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ating le<span class=\"_ _0\"></span>ase inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e, is \u00a30.6 milli<span class=\"_ _0\"></span>on for yea<span class=\"_ _0\"></span>r one,<span class=\"_ _0\"></span> \u00a30.5 milli<span class=\"_ _0\"></span>ons for yea<span class=\"_ _0\"></span>rs t<span class=\"_ _0\"></span>wo and thre<span class=\"_ _0\"></span>e, \u00a3<span class=\"_ _0\"></span>0.3 milli<span class=\"_ _0\"></span>on for yea<span class=\"_ _0\"></span>r four and \u00a3<span class=\"_ _0\"></span>0.2 milli<span class=\"_ _0\"></span>on for yea<span class=\"_ _0\"></span>r five o<span class=\"_ _0\"></span>nwards wit<span class=\"_ _0\"></span>h total inc<span class=\"_ _0\"></span>ome f<span class=\"_ _0\"></span>rom sub<span class=\"_ _0\"></span>leasin<span class=\"_ _0\"></span>g right-<span class=\"_ _3\"></span>of-use<span class=\"_ _0\"></span> asset<span class=\"_ _0\"></span>s amou<span class=\"_ _0\"></span>nting to \u00a3<span class=\"_ _0\"></span>2.5 milli<span class=\"_ _0\"></span>on (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a33.<span class=\"_ _0\"></span>3 millio<span class=\"_ _0\"></span>n)<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>13. <span class=\"_ _1f2\"> </span>Property<span class=\"_ _2\"></span>, Plant and<span class=\"_ _4\"></span> Equipment, Right-of-Use A<span class=\"_ _2\"></span>sset, Properties Held for Sale <span class=\"ls2 ws0\"> </span>and Inv<span class=\"_ _2\"></span>estment Properties<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>13<span class=\"_ _0\"></span>. (<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>) Pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es He<span class=\"_ _0\"></span>ld f<span class=\"_ _0\"></span>or S<span class=\"_ _0\"></span>ale<span class=\"_ _363\"> </span>Carrying <span class=\"ls2 ws0\"> </span>Amount \u00a3\u2019000<span class=\"_ _363\"> </span>At 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>021<span class=\"_ _24c\"> </span><span class=\"ff84 lsdd ws3b\">18<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>8<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ransfer<span class=\"_ _0\"></span>s from p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and equ<span class=\"_ _0\"></span>ipme<span class=\"_ _0\"></span>nt<span class=\"_ _24d\"> </span><span class=\"lsa2 ws97\">324<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ran<span class=\"_ _2\"></span>sfers fr<span class=\"_ _4\"></span>om in<span class=\"_ _2\"></span>vestment pr<span class=\"_ _2\"></span>oper<span class=\"_ _0\"></span>ties<span class=\"_ _24e\"> </span><span class=\"ls106 wsf9\">546<span class=\"_ _363\"> </span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _24f\"> </span><span class=\"lsdf wsd6\">(<span class=\"_ _3\"></span>11,<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>15<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _250\"> </span><span class=\"ls15d ws1a\">(<span class=\"_ _2\"></span>888)<span class=\"_ _363\"> </span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _251\"> </span><span class=\"ls97 ws88\">6,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>25<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ransfer<span class=\"_ _0\"></span>s to prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant &amp; equip<span class=\"_ _0\"></span>ment<span class=\"_ _252\"> </span><span class=\"ff83 ls157 ws16b\">(4<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3)<span class=\"_ _363\"> </span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _253\"> </span><span class=\"ff83 ls22 ws66\">(<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>9)<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _254\"> </span><span class=\"ff83 ls33 ws29\">2<span class=\"_ _0\"></span>11<span class=\"_ _363\"> </span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _255\"> </span><span class=\"ls78 ws6b\">4,364<span class=\"_ _363\"> </span></span>Dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year, five UK h<span class=\"_ _0\"></span>eld for s<span class=\"_ _0\"></span>ale pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties we<span class=\"_ _0\"></span>re sold<span class=\"_ _0\"></span>. An e<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ent of on<span class=\"_ _0\"></span>e Irish pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y was tran<span class=\"_ _0\"></span>sferre<span class=\"_ _0\"></span>d to prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and eq<span class=\"_ _0\"></span>uipm<span class=\"_ _0\"></span>ent fro<span class=\"_ _0\"></span>m prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies he<span class=\"_ _0\"></span>ld for sal<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e total num<span class=\"_ _0\"></span>ber of pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties h<span class=\"_ _0\"></span>eld for s<span class=\"_ _0\"></span>ale at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2 was th<span class=\"_ _0\"></span>ree (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: eight), of wh<span class=\"_ _0\"></span>ich t<span class=\"_ _0\"></span>wo (2021<span class=\"_ _2\"></span>: s<span class=\"_ _0\"></span>even) are loc<span class=\"_ _0\"></span>ated in th<span class=\"_ _0\"></span>e UK an<span class=\"_ _0\"></span>d one (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: one) in Irelan<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>hese p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es are sh<span class=\"_ _0\"></span>own in th<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce she<span class=\"_ _0\"></span>et at t<span class=\"_ _0\"></span>he lower of t<span class=\"_ _0\"></span>heir c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying a<span class=\"_ _0\"></span>mount a<span class=\"_ _0\"></span>nd fair value l<span class=\"_ _0\"></span>ess any disp<span class=\"_ _0\"></span>osal c<span class=\"_ _0\"></span>osts<span class=\"_ _0\"></span>. On<span class=\"_ _0\"></span>e prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed at a fair v<span class=\"_ _0\"></span>alue of \u00a33<span class=\"_ _0\"></span>.6 million (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: four pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s at \u00a34.8 mil<span class=\"_ _0\"></span>lion).<span class=\"_ _363\"> </span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies he<span class=\"_ _0\"></span>ld for sal<span class=\"_ _0\"></span>e are not us<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>urse of busi<span class=\"_ _0\"></span>ness a<span class=\"_ _0\"></span>nd are availab<span class=\"_ _0\"></span>le for im<span class=\"_ _0\"></span>medi<span class=\"_ _0\"></span>ate sale in t<span class=\"_ _0\"></span>heir p<span class=\"_ _0\"></span>resent c<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n subje<span class=\"_ _0\"></span>ct to ter<span class=\"_ _0\"></span>ms that are usual a<span class=\"_ _0\"></span>nd custo<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>y for p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es of this natu<span class=\"_ _0\"></span>re. Th<span class=\"_ _0\"></span>e indi<span class=\"_ _0\"></span>vidu<span class=\"_ _0\"></span>al prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies were b<span class=\"_ _0\"></span>eing a<span class=\"_ _0\"></span>ctive<span class=\"_ _0\"></span>ly mar<span class=\"_ _0\"></span>keted at th<span class=\"_ _0\"></span>e year e<span class=\"_ _0\"></span>nd and t<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p is com<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>ted to it<span class=\"_ _0\"></span>s plan to sell t<span class=\"_ _0\"></span>hese p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es in an o<span class=\"_ _0\"></span>rder<span class=\"_ _0\"></span>ly ma<span class=\"_ _0\"></span>nner.<span class=\"_ _363\"> </span>13. (<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>) Inv<span class=\"_ _2\"></span>estment Properties<span class=\"_ _363\"> </span>Fair<span class=\"_ _4\"></span> Value<span class=\"_ _2\"></span> \u00a3\u2019000<span class=\"_ _363\"> </span>At 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>021<span class=\"_ _24c\"> </span><span class=\"ff84 ls89 wsd0\">12<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>8<span class=\"_ _363\"> </span></span>Fair value gains<span class=\"_ _256\"> </span><span class=\"ls13 ws22\">9,8<span class=\"_ _0\"></span>50<span class=\"_ _363\"> </span></span>Fair va<span class=\"_ _2\"></span>lu<span class=\"_ _0\"></span>e losses<span class=\"_ _257\"> </span><span class=\"lse4 wsdc\">(8<span class=\"_ _0\"></span>2)<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ransfer<span class=\"_ _0\"></span>s from p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant &amp; equip<span class=\"_ _0\"></span>ment<span class=\"_ _258\"> </span><span class=\"lsa7 ws9c\">5,9<span class=\"_ _0\"></span>00<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ransfer<span class=\"_ _0\"></span>s to prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d for sale<span class=\"_ _259\"> </span><span class=\"ls12f ws7a\">(5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>6)<span class=\"_ _363\"> </span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _25a\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _250\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _25b\"> </span><span class=\"ls97 ws88\">26,527<span class=\"_ _363\"> </span></span>Fair value gains<span class=\"_ _25c\"> </span><span class=\"ff83 lsa7 ws9c\">4,99<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _253\"> </span><span class=\"ff83 ls155 ws169\">(<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,76<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _1d2\"> </span><span class=\"ff83 ls68 ws5d\">328<span class=\"_ _363\"> </span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _25b\"> </span><span class=\"ls1a ws7d\">26,084<span class=\"_ _363\"> </span></span>Dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year, the Grou<span class=\"_ _0\"></span>p dispo<span class=\"_ _0\"></span>sed of on<span class=\"_ _0\"></span>e UK and o<span class=\"_ _0\"></span>ne Ir<span class=\"_ _0\"></span>ish invest<span class=\"_ _0\"></span>ment p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. The total numb<span class=\"_ _0\"></span>er of invest<span class=\"_ _0\"></span>ment p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2 was 1<span class=\"_ _2\"></span>3 (2021<span class=\"_ _2\"></span>: 15) of which six (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: seve<span class=\"_ _0\"></span>n) are located i<span class=\"_ _0\"></span>n the U<span class=\"_ _0\"></span>K and seve<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: e<span class=\"_ _0\"></span>ight) in Irela<span class=\"_ _0\"></span>nd. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies are b<span class=\"_ _0\"></span>eing h<span class=\"_ _0\"></span>eld wi<span class=\"_ _0\"></span>th a vi<span class=\"_ _0\"></span>ew to enhancing th<span class=\"_ _0\"></span>eir value.<span class=\"_ _363\"> </span>Investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties of \u00a3<span class=\"_ _0\"></span>26.<span class=\"_ _2\"></span>1 milli<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h are sep<span class=\"_ _0\"></span>arately c<span class=\"_ _0\"></span>lassif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d in no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>, are car<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ed at fair va<span class=\"_ _0\"></span>lue in t<span class=\"_ _0\"></span>he fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial state<span class=\"_ _0\"></span>ments<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> valuati<span class=\"_ _0\"></span>on tec<span class=\"_ _0\"></span>hniqu<span class=\"_ _0\"></span>es use<span class=\"_ _0\"></span>d incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d a revi<span class=\"_ _0\"></span>ew of the ma<span class=\"_ _0\"></span>rket valu<span class=\"_ _0\"></span>e of com<span class=\"_ _0\"></span>parab<span class=\"_ _0\"></span>le tr<span class=\"_ _0\"></span>ansac<span class=\"_ _0\"></span>tions t<span class=\"_ _0\"></span>hat were re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ntly c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>leted o<span class=\"_ _0\"></span>r on th<span class=\"_ _0\"></span>e marke<span class=\"_ _0\"></span>t and th<span class=\"_ _0\"></span>e ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es of inde<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>dent re<span class=\"_ _0\"></span>gistere<span class=\"_ _0\"></span>d prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty ap<span class=\"_ _0\"></span>prais<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>. In case<span class=\"_ _0\"></span>s where t<span class=\"_ _0\"></span>here a<span class=\"_ _0\"></span>re no re<span class=\"_ _0\"></span>cent p<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ede<span class=\"_ _0\"></span>nt tra<span class=\"_ _0\"></span>nsact<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>, valuat<span class=\"_ _0\"></span>ions we<span class=\"_ _0\"></span>re based o<span class=\"_ _0\"></span>n est<span class=\"_ _0\"></span>imated<span class=\"_ _0\"></span> rental y<span class=\"_ _0\"></span>iel<span class=\"_ _0\"></span>ds, c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion of resi<span class=\"_ _0\"></span>dual valu<span class=\"_ _0\"></span>e and c<span class=\"_ _0\"></span>onsul<span class=\"_ _0\"></span>tatio<span class=\"_ _0\"></span>ns with e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>al age<span class=\"_ _0\"></span>nts who have k<span class=\"_ _0\"></span>nowle<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e of loc<span class=\"_ _0\"></span>al prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ma<span class=\"_ _0\"></span>rkets<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>13. (<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>) F<span class=\"_ _2\"></span>air V<span class=\"_ _2\"></span>alue Hierarchy \u2013<span class=\"_ _4\"></span> Properties Held for Sale<span class=\"_ _2\"></span> Carried at F<span class=\"_ _2\"></span>air Value<span class=\"_ _2\"></span> and Inves<span class=\"_ _4\"></span>tment Properties<span class=\"_ _363\"> </span>As note<span class=\"_ _0\"></span>d in the G<span class=\"_ _0\"></span>roup\u2019s ac<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ing po<span class=\"_ _0\"></span>lici<span class=\"_ _0\"></span>es on pa<span class=\"_ _0\"></span>ges 171<span class=\"_ _2\"></span>, prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies h<span class=\"_ _0\"></span>eld for s<span class=\"_ _0\"></span>ale are he<span class=\"_ _0\"></span>ld at th<span class=\"_ _0\"></span>e lower of car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>ount and f<span class=\"_ _0\"></span>air value l<span class=\"_ _0\"></span>ess c<span class=\"_ _0\"></span>osts<span class=\"_ _0\"></span> to sell. Inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies are c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d at fair valu<span class=\"_ _0\"></span>e. Fair valu<span class=\"_ _0\"></span>e is def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d as the p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>e that woul<span class=\"_ _0\"></span>d be re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>ved if t<span class=\"_ _0\"></span>he asse<span class=\"_ _0\"></span>t was sold in a<span class=\"_ _0\"></span>n orde<span class=\"_ _0\"></span>rly<span class=\"_ _0\"></span> trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en ma<span class=\"_ _0\"></span>rket pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>ipants b<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>\u2019s high<span class=\"_ _0\"></span>est and b<span class=\"_ _0\"></span>est us<span class=\"_ _0\"></span>e. Valuatio<span class=\"_ _0\"></span>ns are revi<span class=\"_ _0\"></span>ewed e<span class=\"_ _0\"></span>ach yea<span class=\"_ _0\"></span>r by the Di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>tors wit<span class=\"_ _0\"></span>h movem<span class=\"_ _0\"></span>ents in fai<span class=\"_ _0\"></span>r value re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in the i<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group re<span class=\"_ _0\"></span>viewe<span class=\"_ _0\"></span>d its pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year<span class=\"_ _4\"></span>. Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies he<span class=\"_ _0\"></span>ld for sal<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ise land a<span class=\"_ _0\"></span>nd build<span class=\"_ _0\"></span>ings in a nu<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r of loc<span class=\"_ _0\"></span>ations a<span class=\"_ _0\"></span>cross t<span class=\"_ _0\"></span>he UK and Ire<span class=\"_ _0\"></span>land<span class=\"_ _0\"></span>. Investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s, c<span class=\"_ _0\"></span>ompr<span class=\"_ _0\"></span>ising l<span class=\"_ _0\"></span>and and b<span class=\"_ _0\"></span>uilding<span class=\"_ _0\"></span>s loc<span class=\"_ _0\"></span>ated in th<span class=\"_ _0\"></span>e UK an<span class=\"_ _0\"></span>d Ireland<span class=\"_ _0\"></span>, are he<span class=\"_ _0\"></span>ld for c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al appre<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ation a<span class=\"_ _0\"></span>nd or re<span class=\"_ _0\"></span>ntal inco<span class=\"_ _0\"></span>me an<span class=\"_ _0\"></span>d are not o<span class=\"_ _0\"></span>ccup<span class=\"_ _0\"></span>ied by t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up for tr<span class=\"_ _0\"></span>ading pu<span class=\"_ _0\"></span>rpo<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>. This als<span class=\"_ _0\"></span>o incl<span class=\"_ _0\"></span>udes p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ts of pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties w<span class=\"_ _0\"></span>hich are s<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>let to th<span class=\"_ _0\"></span>ird par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies held fo<span class=\"_ _0\"></span>r sale c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>rise p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es that are h<span class=\"_ _0\"></span>eld at a c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying am<span class=\"_ _0\"></span>ount of \u00a30.<span class=\"_ _0\"></span>8 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a31.4 million) and prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es he<span class=\"_ _0\"></span>ld at a fair valu<span class=\"_ _0\"></span>e of \u00a33.6 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a34.<span class=\"_ _0\"></span>8 millio<span class=\"_ _0\"></span>n<span class=\"_ _4\"></span>). Investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties are h<span class=\"_ _0\"></span>eld at a fair v<span class=\"_ _0\"></span>alue of \u00a3<span class=\"_ _0\"></span>26.<span class=\"_ _2\"></span>1 milli<span class=\"_ _0\"></span>on (2021<span class=\"_ _2\"></span>: \u00a3<span class=\"_ _0\"></span>26<span class=\"_ _0\"></span>.5 millio<span class=\"_ _0\"></span>n)<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>In gen<span class=\"_ _0\"></span>eral<span class=\"_ _0\"></span>, valuat<span class=\"_ _0\"></span>ions have b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n unde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ken having re<span class=\"_ _0\"></span>gard to c<span class=\"_ _0\"></span>ompa<span class=\"_ _0\"></span>rabl<span class=\"_ _0\"></span>e market t<span class=\"_ _0\"></span>rans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>ons be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en infor<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d mar<span class=\"_ _0\"></span>ket par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cipa<span class=\"_ _0\"></span>nts. 13. <span class=\"_ _1f2\"> </span>Property<span class=\"_ _2\"></span>, Plant and<span class=\"_ _4\"></span> Equipment, Right-of-Use A<span class=\"_ _2\"></span>sset, Properties Held for Sale <span class=\"ls2 ws0\"> </span>and Inv<span class=\"_ _2\"></span>estment Properties<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>13. (<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>) F<span class=\"_ _2\"></span>air V<span class=\"_ _2\"></span>alue Hierarchy \u2013<span class=\"_ _4\"></span> Properties Held for Sale<span class=\"_ _2\"></span> Carried at F<span class=\"_ _2\"></span>air Value<span class=\"_ _2\"></span> and Inves<span class=\"_ _4\"></span>tment Properties<span class=\"ff85 ls36 wsf\"> continued<span class=\"_ _363\"> </span></span>Due to ve<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y limi<span class=\"_ _0\"></span>ted tra<span class=\"_ _0\"></span>nsact<span class=\"_ _0\"></span>ions for p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es of a simila<span class=\"_ _0\"></span>r nature in th<span class=\"_ _0\"></span>e UK an<span class=\"_ _0\"></span>d Irelan<span class=\"_ _0\"></span>d, th<span class=\"_ _0\"></span>e valuati<span class=\"_ _0\"></span>ons of a num<span class=\"_ _0\"></span>ber of pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s were co<span class=\"_ _0\"></span>mple<span class=\"_ _0\"></span>ted using oth<span class=\"_ _0\"></span>er me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>ds. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e valuati<span class=\"_ _0\"></span>ons were d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d intern<span class=\"_ _0\"></span>ally wi<span class=\"_ _0\"></span>th refere<span class=\"_ _0\"></span>nce to lo<span class=\"_ _0\"></span>cal k<span class=\"_ _0\"></span>nowl<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>e, valuat<span class=\"_ _0\"></span>ion te<span class=\"_ _0\"></span>chniq<span class=\"_ _0\"></span>ues an<span class=\"_ _0\"></span>d the e<span class=\"_ _0\"></span>xercise of judg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt followin<span class=\"_ _0\"></span>g consu<span class=\"_ _0\"></span>ltati<span class=\"_ _0\"></span>on wi<span class=\"_ _0\"></span>th pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ty ad<span class=\"_ _0\"></span>vise<span class=\"_ _0\"></span>rs wit<span class=\"_ _0\"></span>h rec<span class=\"_ _0\"></span>ent ex<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>nce of th<span class=\"_ _0\"></span>e loc<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n and natu<span class=\"_ _0\"></span>re of the pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties b<span class=\"_ _0\"></span>eing val<span class=\"_ _0\"></span>ued to<span class=\"_ _0\"></span>get<span class=\"_ _0\"></span>her with t<span class=\"_ _0\"></span>he valu<span class=\"_ _0\"></span>ation of c<span class=\"_ _0\"></span>ompa<span class=\"_ _0\"></span>rabl<span class=\"_ _0\"></span>e prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies liste<span class=\"_ _0\"></span>d in the m<span class=\"_ _0\"></span>arket<span class=\"_ _0\"></span>plac<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns are de<span class=\"_ _0\"></span>rive<span class=\"_ _0\"></span>d from d<span class=\"_ _0\"></span>ata whi<span class=\"_ _0\"></span>ch is not pu<span class=\"_ _0\"></span>blicl<span class=\"_ _0\"></span>y availabl<span class=\"_ _0\"></span>e and for t<span class=\"_ _0\"></span>hese re<span class=\"_ _0\"></span>asons<span class=\"_ _0\"></span>, the v<span class=\"_ _0\"></span>aluati<span class=\"_ _0\"></span>ons of the G<span class=\"_ _0\"></span>roup\u2019s pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ty p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>is classi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed as le<span class=\"_ _0\"></span>vel 3 as def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _2\"></span>3.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e following is a s<span class=\"_ _0\"></span>ummar<span class=\"_ _3\"></span>y of valuatio<span class=\"_ _0\"></span>n met<span class=\"_ _0\"></span>hod<span class=\"_ _0\"></span>s used i<span class=\"_ _0\"></span>n relati<span class=\"_ _0\"></span>on to the G<span class=\"_ _0\"></span>roup\u2019s hel<span class=\"_ _0\"></span>d for sale a<span class=\"_ _0\"></span>nd invest<span class=\"_ _0\"></span>ment p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es whic<span class=\"_ _0\"></span>h are ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ied at<span class=\"_ _363\"> </span>fair value:<span class=\"_ _363\"> </span>At 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2<span class=\"_ _363\"> </span>Independent valuations<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Comparable ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t transactions \u00a3\u2019000<span class=\"_ _363\"> </span>Of<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>s from third par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal 2022 \u00a3\u2019000<span class=\"_ _363\"> </span>Pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es H<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for S<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _363\"> </span>Distribution segme<span class=\"_ _0\"></span>nt<span class=\"_ _155\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _181\"> </span><span class=\"ls13 ws22\">3,60<span class=\"_ _0\"></span>2<span class=\"_ _e7\"> </span></span>\u2013<span class=\"_ _181\"> </span><span class=\"ls13 ws22\">3,60<span class=\"_ _0\"></span>2<span class=\"_ _363\"> </span></span></span>Independent valuations<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Comparable ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t transactions \u00a3\u2019000<span class=\"_ _363\"> </span>Other methods \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal 2022 \u00a3\u2019000<span class=\"_ _363\"> </span>Inv<span class=\"_ _4\"></span>estment Proper<span class=\"_ _0\"></span>ties<span class=\"_ _363\"> </span>Distribution segme<span class=\"_ _0\"></span>nt<span class=\"_ _25d\"> </span><span class=\"ff83 ls6c ws61\">1<span class=\"_ _2\"></span>4,862<span class=\"_ _6e\"> </span><span class=\"ls146 ws155\">7,<span class=\"_ _0\"></span>6<span class=\"_ _34\"></span>8<span class=\"_ _3\"></span>0<span class=\"_ _79\"> </span><span class=\"ff84 ls2 ws0\">\u2013<span class=\"_ _20\"> </span></span><span class=\"ls18 ws12\">22,5<span class=\"_ _0\"></span>42<span class=\"_ _363\"> </span></span></span></span>Manufacturing segment<span class=\"_ _14d\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _131\"> </span><span class=\"ls78 ws6b\">2,<span class=\"_ _0\"></span>336<span class=\"_ _46\"> </span><span class=\"ls22 ws66\">1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>6<span class=\"_ _6e\"> </span><span class=\"ls18 ws12\">3,542<span class=\"_ _363\"> </span></span></span></span></span>To<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _14a\"> </span><span class=\"ff83 ls6c ws61\">1<span class=\"_ _2\"></span>4,862<span class=\"_ _11a\"> </span><span class=\"lsdd ws3b\">10<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>16<span class=\"_ _6d\"> </span><span class=\"ls22 ws66\">1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>6<span class=\"_ _5b\"> </span><span class=\"ls1a ws7d\">26,08<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span></span></span></span>At 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>021<span class=\"_ _363\"> </span>Independent valuations<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Comparable ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t transactions \u00a3\u2019000<span class=\"_ _363\"> </span>Of<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>s from third par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal 20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es H<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for S<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _363\"> </span>Distribution segme<span class=\"_ _0\"></span>nt<span class=\"_ _155\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _a3\"> </span><span class=\"ls144 ws152\">4<span class=\"_ _0\"></span>,75<span class=\"_ _3\"></span>7<span class=\"_ _e7\"> </span></span>\u2013<span class=\"_ _a3\"> </span><span class=\"ls144 ws152\">4<span class=\"_ _3\"></span>,75<span class=\"_ _0\"></span>7<span class=\"_ _363\"> </span></span></span>Independent valuations<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Comparable ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t transactions<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Other <span class=\"ls2 ws0\"> </span>methods \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal 20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Inv<span class=\"_ _4\"></span>estment Proper<span class=\"_ _0\"></span>ties<span class=\"_ _363\"> </span>Distribution segme<span class=\"_ _0\"></span>nt<span class=\"_ _246\"> </span><span class=\"ls19 ws13\">15<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>0<span class=\"_ _112\"> </span><span class=\"ls16 ws10c\">7<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>421<span class=\"_ _128\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _63\"> </span><span class=\"ls132 ws146\">2<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,17<span class=\"_ _3\"></span>1<span class=\"_ _363\"> </span></span></span></span></span>Manufacturing segment<span class=\"_ _14d\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _a3\"> </span><span class=\"lse0 wsd7\">2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>13<span class=\"_ _ce\"> </span><span class=\"ls132 ws146\">1,14<span class=\"_ _34\"> </span>3<span class=\"_ _60\"> </span></span></span></span><span class=\"ws3d\">3,356<span class=\"_ _363\"> </span></span>To<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _192\"> </span><span class=\"ls19 ws13\">15<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>0<span class=\"_ _a3\"> </span><span class=\"ls13 ws22\">9,6<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>4<span class=\"_ _112\"> </span><span class=\"ls132 ws146\">1,14<span class=\"_ _34\"></span>3<span class=\"_ _126\"> </span><span class=\"ls0 ws77\">26,<span class=\"_ _0\"></span>527<span class=\"_ _363\"> </span></span></span></span></span>Th<span class=\"_ _0\"></span>e following t<span class=\"_ _0\"></span>able s<span class=\"_ _0\"></span>hows a rec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ciliati<span class=\"_ _0\"></span>on fro<span class=\"_ _0\"></span>m the o<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>ing bala<span class=\"_ _0\"></span>nce to th<span class=\"_ _0\"></span>e clos<span class=\"_ _0\"></span>ing 20<span class=\"_ _0\"></span>22 b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e for leve<span class=\"_ _0\"></span>l 3 fair valu<span class=\"_ _0\"></span>es:<span class=\"_ _363\"> </span>Proper<span class=\"_ _0\"></span>ties he<span class=\"_ _0\"></span>ld f<span class=\"_ _0\"></span>or s<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e 2022 \u00a3\u2019000<span class=\"_ _363\"> </span>Investment proper<span class=\"_ _0\"></span>ties 2022 \u00a3\u2019000<span class=\"_ _363\"> </span>Bala<span class=\"_ _0\"></span>nce at b<span class=\"_ _0\"></span>egin<span class=\"_ _0\"></span>ning of year<span class=\"_ _25e\"> </span><span class=\"ff83 ls97 ws88\">6,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>25<span class=\"_ _20\"> </span>26,527<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ransfer<span class=\"_ _0\"></span>s to prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and equ<span class=\"_ _0\"></span>ipme<span class=\"_ _0\"></span>nt<span class=\"_ _25f\"> </span><span class=\"ff83 ls157 ws16b\">(4<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3)<span class=\"_ _22\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _260\"> </span><span class=\"ff83 ls22 ws66\">(<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>9)<span class=\"_ _5b\"> </span><span class=\"ls155 ws169\">(5<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span></span></span>Fair value g<span class=\"_ _0\"></span>ains and l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s*<span class=\"_ _f2\"> </span><span class=\"ls2\">\u2013<span class=\"_ _66\"> </span><span class=\"ff83 lsa7 ws9c\">4<span class=\"_ _0\"></span>,99<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span></span>Fore<span class=\"_ _0\"></span>ign exch<span class=\"_ _0\"></span>ange m<span class=\"_ _0\"></span>oveme<span class=\"_ _0\"></span>nt<span class=\"_ _24d\"> </span><span class=\"ff83 ls33 ws29\">2<span class=\"_ _0\"></span>11<span class=\"_ _11\"> </span><span class=\"ls68 ws5d\">328<span class=\"_ _363\"> </span></span></span>Ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e at e<span class=\"_ _0\"></span>nd of ye<span class=\"_ _0\"></span>ar<span class=\"_ _261\"> </span><span class=\"ls78 ws6b\">4,364<span class=\"_ _20\"> </span><span class=\"ls1a ws7d\">26,0<span class=\"_ _0\"></span>84<span class=\"_ _363\"> </span></span></span>Rec<span class=\"_ _0\"></span>orde<span class=\"_ _0\"></span>d at fair val<span class=\"_ _0\"></span>ue<span class=\"_ _262\"> </span><span class=\"ff83 ls13 ws22\">3,60<span class=\"_ _0\"></span>2<span class=\"_ _20\"> </span><span class=\"ls1a ws7d\">26,08<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span></span>Rec<span class=\"_ _0\"></span>orde<span class=\"_ _0\"></span>d at co<span class=\"_ _0\"></span>st<span class=\"_ _228\"> </span><span class=\"ff83 ls14 wsb9\">762<span class=\"_ _e7\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span></span>T<span class=\"_ _2\"></span>otal<span class=\"_ _263\"> </span><span class=\"ls78 ws6b\">4,364<span class=\"_ _20\"> </span><span class=\"ls1a ws7d\">26,0<span class=\"_ _0\"></span>84<span class=\"_ _363\"> </span></span></span>*  <span class=\"_ _32\"> </span>D<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ing 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, a fai<span class=\"_ _0\"></span>r valu<span class=\"_ _0\"></span>e gai<span class=\"_ _0\"></span>n of \u00a35.<span class=\"_ _0\"></span>0 milli<span class=\"_ _0\"></span>on wa<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n six p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>hre<span class=\"_ _0\"></span>e of th<span class=\"_ _0\"></span>ese we<span class=\"_ _0\"></span>re pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h wer<span class=\"_ _0\"></span>e ret<span class=\"_ _0\"></span>aine<span class=\"_ _0\"></span>d by t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup fo<span class=\"_ _0\"></span>llow<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent to dive<span class=\"_ _0\"></span>st t<span class=\"_ _0\"></span>he tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l mer<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ng bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss in G<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>t Bri<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in. T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se t<span class=\"_ _0\"></span>hre<span class=\"_ _0\"></span>e pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es hav<span class=\"_ _0\"></span>e a fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of \u00a314.9 milli<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e valu<span class=\"_ _0\"></span>e of th<span class=\"_ _0\"></span>ese p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>tie<span class=\"_ _0\"></span>s were u<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ted by \u00a34<span class=\"_ _0\"></span>.2 mi<span class=\"_ _0\"></span>llio<span class=\"_ _0\"></span>n in 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2. A<span class=\"_ _0\"></span>n ad<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue ga<span class=\"_ _0\"></span>in of \u00a30<span class=\"_ _0\"></span>.8 mi<span class=\"_ _0\"></span>llio<span class=\"_ _0\"></span>n was al<span class=\"_ _0\"></span>so re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>ree I<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>h inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>tie<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>13. <span class=\"_ _1f2\"> </span>Property<span class=\"_ _2\"></span>, Plant and<span class=\"_ _4\"></span> Equipment, Right-of-Use A<span class=\"_ _2\"></span>sset, Properties Held for Sale <span class=\"ls2 ws0\"> </span>and Inv<span class=\"_ _2\"></span>estment Properties<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>13. (<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>) F<span class=\"_ _2\"></span>air V<span class=\"_ _2\"></span>alue Hierarchy \u2013<span class=\"_ _4\"></span> Properties Held for Sale<span class=\"_ _2\"></span> Carried at F<span class=\"_ _2\"></span>air Value<span class=\"_ _2\"></span> and Inves<span class=\"_ _4\"></span>tment Properties<span class=\"ff85 ls36 wsf\"> continued<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e following t<span class=\"_ _0\"></span>able s<span class=\"_ _0\"></span>hows a rec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ciliati<span class=\"_ _0\"></span>on fro<span class=\"_ _0\"></span>m the o<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>ing bala<span class=\"_ _0\"></span>nce to th<span class=\"_ _0\"></span>e clos<span class=\"_ _0\"></span>ing 20<span class=\"_ _0\"></span>21 balanc<span class=\"_ _0\"></span>e for leve<span class=\"_ _0\"></span>l 3 fair valu<span class=\"_ _0\"></span>es:<span class=\"_ _363\"> </span>Properties held for<span class=\"_ _2\"></span> sale 20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Investment properties 20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Bala<span class=\"_ _0\"></span>nce at b<span class=\"_ _0\"></span>egin<span class=\"_ _0\"></span>ning of year<span class=\"_ _1ae\"> </span><span class=\"lsdd ws3b\">18<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>8<span class=\"_ _126\"> </span><span class=\"ls89 wsd0\">12<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>8<span class=\"_ _363\"> </span></span></span>T<span class=\"_ _2\"></span>ransfer<span class=\"_ _0\"></span>s from p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and equ<span class=\"_ _0\"></span>ipme<span class=\"_ _0\"></span>nt<span class=\"_ _18e\"> </span><span class=\"lsa2 ws97\">324<span class=\"_ _6d\"> </span><span class=\"lsa7 ws9c\">5,9<span class=\"_ _0\"></span>00<span class=\"_ _363\"> </span></span></span>T<span class=\"_ _2\"></span>ransfer<span class=\"_ _0\"></span>s to prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d for sale<span class=\"_ _264\"> </span><span class=\"ls106 wsf9\">546<span class=\"_ _71\"> </span><span class=\"ls12f ws7a\">(5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>6)<span class=\"_ _363\"> </span></span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _1d1\"> </span><span class=\"lsdf wsd6\">(<span class=\"_ _3\"></span>11<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _ce\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span>Fair value g<span class=\"_ _0\"></span>ains and l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s*<span class=\"_ _f2\"> </span><span class=\"ls2\">\u2013<span class=\"_ _a3\"> </span><span class=\"ls144 ws152\">9,7<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span></span>Fore<span class=\"_ _0\"></span>ign exch<span class=\"_ _0\"></span>ange m<span class=\"_ _0\"></span>oveme<span class=\"_ _0\"></span>nt<span class=\"_ _25e\"> </span><span class=\"ls15d ws1a\">(888<span class=\"_ _2\"></span>)<span class=\"_ _60\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _3\"></span>87<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span></span>Bala<span class=\"_ _0\"></span>nce at e<span class=\"_ _0\"></span>nd of year<span class=\"_ _17c\"> </span><span class=\"ls132 ws146\">6<span class=\"_ _3\"></span>,12<span class=\"_ _3\"></span>5<span class=\"_ _126\"> </span></span><span class=\"ws77\">26,52<span class=\"_ _0\"></span>7<span class=\"_ _363\"> </span></span>Rec<span class=\"_ _0\"></span>orde<span class=\"_ _0\"></span>d at fair val<span class=\"_ _0\"></span>ue<span class=\"_ _265\"> </span><span class=\"ls144 ws152\">4<span class=\"_ _0\"></span>,75<span class=\"_ _3\"></span>7<span class=\"_ _5d\"> </span></span><span class=\"ws77\">26,<span class=\"_ _0\"></span>527<span class=\"_ _363\"> </span></span>Rec<span class=\"_ _0\"></span>orde<span class=\"_ _0\"></span>d at co<span class=\"_ _0\"></span>st<span class=\"_ _266\"> </span><span class=\"lsdd ws3b\">1,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>8<span class=\"_ _79\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _363\"> </span></span>To<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _267\"> </span><span class=\"ls132 ws146\">6<span class=\"_ _3\"></span>,12<span class=\"_ _0\"></span>5<span class=\"_ _126\"> </span><span class=\"ls0 ws77\">26<span class=\"_ _0\"></span>,52<span class=\"_ _0\"></span>7<span class=\"_ _363\"> </span></span></span>*  <span class=\"_ _32\"> </span>D<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ing 2<span class=\"_ _0\"></span>021, a fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e gain of \u00a3<span class=\"_ _0\"></span>9.9 m<span class=\"_ _0\"></span>illi<span class=\"_ _0\"></span>on was r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d on f<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s whi<span class=\"_ _0\"></span>ch we<span class=\"_ _0\"></span>re tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>red to i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies d<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>. Fo<span class=\"_ _0\"></span>ur of th<span class=\"_ _0\"></span>ese w<span class=\"_ _0\"></span>ere p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span> whi<span class=\"_ _0\"></span>ch we<span class=\"_ _0\"></span>re ret<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ed by t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p foll<span class=\"_ _0\"></span>owin<span class=\"_ _0\"></span>g the a<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent to d<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>st th<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal m<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g bus<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>ss in G<span class=\"_ _0\"></span>reat B<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se fou<span class=\"_ _0\"></span>r pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es hav<span class=\"_ _0\"></span>e a fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of \u00a31<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>.75 mill<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. A ne<span class=\"_ _0\"></span>t fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e los<span class=\"_ _0\"></span>s of \u00a30.1 millio<span class=\"_ _0\"></span>n was als<span class=\"_ _0\"></span>o re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n tw<span class=\"_ _0\"></span>o Iri<span class=\"_ _0\"></span>sh inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>V<span class=\"_ _2\"></span>alu<span class=\"_ _0\"></span>ation T<span class=\"_ _2\"></span>echniques and<span class=\"_ _4\"></span> Significant Unobserv<span class=\"_ _4\"></span>able Inputs<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e following t<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s show th<span class=\"_ _0\"></span>e valuat<span class=\"_ _0\"></span>ion tec<span class=\"_ _0\"></span>hniq<span class=\"_ _0\"></span>ues us<span class=\"_ _0\"></span>ed in me<span class=\"_ _0\"></span>asuri<span class=\"_ _0\"></span>ng the fa<span class=\"_ _0\"></span>ir value of pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s held fo<span class=\"_ _0\"></span>r sale an<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s and th<span class=\"_ _0\"></span>e signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant un<span class=\"_ _0\"></span>obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>e inpu<span class=\"_ _0\"></span>ts use<span class=\"_ _0\"></span>d. Wh<span class=\"_ _0\"></span>ere ma<span class=\"_ _0\"></span>rket tr<span class=\"_ _0\"></span>ansac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns are pres<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, the c<span class=\"_ _0\"></span>ompa<span class=\"_ _0\"></span>rabl<span class=\"_ _0\"></span>e mar<span class=\"_ _0\"></span>ket trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d is use<span class=\"_ _0\"></span>d for land a<span class=\"_ _0\"></span>nd buildin<span class=\"_ _0\"></span>gs hel<span class=\"_ _0\"></span>d for sale o<span class=\"_ _0\"></span>r cap<span class=\"_ _0\"></span>ital a<span class=\"_ _0\"></span>ppre<span class=\"_ _0\"></span>ciati<span class=\"_ _0\"></span>on.<span class=\"_ _363\"> </span>Properties Held for Sale<span class=\"_ _363\"> </span>Valuation<span class=\"_ _2\"></span> technique<span class=\"_ _268\"> </span><span class=\"lsf6 wsef\">Significant unobservable inputs<span class=\"_ _363\"> </span></span>Inter-relationship<span class=\"_ _2\"></span> between key<span class=\"_ _2\"></span> unobser<span class=\"_ _0\"></span>vable inputs <span class=\"_ _2\"></span><span class=\"ls2 ws0\"> </span>an<span class=\"_ _0\"></span>d fa<span class=\"_ _0\"></span>ir va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _363\"> </span>Comparable mark<span class=\"_ _2\"></span>et transactions <span class=\"_ _2\"></span><span class=\"ls2 ws0\"> </span>\u2013 pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e pe<span class=\"_ _0\"></span>r sq<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>re me<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>e:<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e value is bas<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n com<span class=\"_ _0\"></span>parab<span class=\"_ _0\"></span>le mar<span class=\"_ _0\"></span>ket transa<span class=\"_ _4\"></span>ctions<span class=\"_ _2\"></span> af<span class=\"_ _0\"></span>ter<span class=\"_ _4\"></span> discu<span class=\"_ _2\"></span>ssion with i<span class=\"_ _2\"></span>ndependent age<span class=\"_ _0\"></span>nts and<span class=\"_ _0\"></span>/<span class=\"_ _4\"></span>or wit<span class=\"_ _0\"></span>h referen<span class=\"_ _0\"></span>ce to othe<span class=\"_ _0\"></span>r inf<span class=\"_ _4\"></span>ormation sources.<span class=\"_ _363\"> </span>UK Urban<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>able d<span class=\"_ _0\"></span>evel<span class=\"_ _0\"></span>opm<span class=\"_ _0\"></span>ent lan<span class=\"_ _0\"></span>d pric<span class=\"_ _0\"></span>es of </span>\u00a33.<span class=\"_ _0\"></span>8m p<span class=\"_ _0\"></span>er ac<span class=\"_ _0\"></span>re.<span class=\"_ _363\"> </span>Ire<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nd \u2013 U<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>n (majo<span class=\"_ _0\"></span>r ci<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s)<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"lsf ws0\">Co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>able i<span class=\"_ _0\"></span>ndust<span class=\"_ _0\"></span>rial o<span class=\"_ _0\"></span>r deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span> <span class=\"ls2\"> </span></span>land pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es of \u00a326<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>,00<span class=\"_ _0\"></span>0 pe<span class=\"_ _0\"></span>r acre.<span class=\"_ _363\"> </span>The estimated fair<span class=\"_ _2\"></span> value would increase/<span class=\"_ _363\"> </span>(<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>ecrease) if:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"lsc ws10\">Compar<span class=\"_ _0\"></span>able market prices <span class=\"ls2 ws0\"> </span></span>per sq<span class=\"_ _0\"></span>uare me<span class=\"_ _0\"></span>tre were hi<span class=\"_ _0\"></span>ghe<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>/(l<span class=\"_ _0\"></span>ower).<span class=\"_ _363\"> </span>13. <span class=\"_ _1f2\"> </span>Property<span class=\"_ _2\"></span>, Plant and<span class=\"_ _4\"></span> Equipment, Right-of-Use A<span class=\"_ _2\"></span>sset, Properties Held for Sale <span class=\"ls2 ws0\"> </span>and Inv<span class=\"_ _2\"></span>estment Properties<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>13. (<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>) F<span class=\"_ _2\"></span>air V<span class=\"_ _2\"></span>alue Hierarchy \u2013<span class=\"_ _4\"></span> Properties Held for Sale<span class=\"_ _2\"></span> Carried at F<span class=\"_ _2\"></span>air Value<span class=\"_ _2\"></span> and Inves<span class=\"_ _4\"></span>tment Properties<span class=\"ff85 ls36 wsf\"> continued<span class=\"_ _363\"> </span></span>Inv<span class=\"_ _2\"></span>estment Properties<span class=\"_ _363\"> </span>Valuation<span class=\"_ _2\"></span> technique<span class=\"_ _268\"> </span><span class=\"lsf6 wsef\">Significant unobservable inputs<span class=\"_ _363\"> </span></span>Inter-relationship<span class=\"_ _2\"></span> between key<span class=\"_ _2\"></span> unobser<span class=\"_ _0\"></span>vable inputs <span class=\"_ _2\"></span><span class=\"ls2 ws0\"> </span>an<span class=\"_ _0\"></span>d fa<span class=\"_ _0\"></span>ir va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _363\"> </span>Comparable mark<span class=\"_ _2\"></span>et transactions<span class=\"_ _363\"> </span>\u2013 pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e pe<span class=\"_ _0\"></span>r sq<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>re me<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>e:<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e value is bas<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n com<span class=\"_ _0\"></span>parab<span class=\"_ _0\"></span>le mar<span class=\"_ _0\"></span>ket<span class=\"_ _363\"> </span> transa<span class=\"_ _4\"></span>ctions<span class=\"_ _2\"></span> af<span class=\"_ _0\"></span>ter<span class=\"_ _4\"></span> discu<span class=\"_ _2\"></span>ssion with i<span class=\"_ _2\"></span>ndependent<span class=\"_ _363\"> </span> regis<span class=\"_ _0\"></span>tered pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y appr<span class=\"_ _0\"></span>aiser<span class=\"_ _0\"></span>s and<span class=\"_ _0\"></span>/<span class=\"_ _4\"></span>or wit<span class=\"_ _0\"></span>h<span class=\"_ _363\"> </span> referen<span class=\"_ _0\"></span>ce to othe<span class=\"_ _0\"></span>r inform<span class=\"_ _0\"></span>ation s<span class=\"_ _0\"></span>ourc<span class=\"_ _0\"></span>es.<span class=\"_ _363\"> </span>Ireland<span class=\"_ _2\"></span> \u2013 Urban<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ls2 ws3\"> <span class=\"_ _31\"></span>C<span class=\"_ _0\"></span>omparable o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ice market<span class=\"_ _2\"></span> pr<span class=\"_ _0\"></span>ices <span class=\"ws0\"> </span></span>of \u00a323<span class=\"_ _0\"></span>9 pe<span class=\"_ _0\"></span>r square m<span class=\"_ _0\"></span>etre<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>(2021<span class=\"_ _2\"></span>: \u00a3<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>6 \u2013 \u00a31<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>28<span class=\"_ _0\"></span>3 pe<span class=\"_ _0\"></span>r square m<span class=\"_ _0\"></span>etre).<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>able wa<span class=\"_ _0\"></span>reho<span class=\"_ _0\"></span>use mar<span class=\"_ _0\"></span>ket pr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s of<span class=\"_ _363\"> </span></span><span class=\"ws0\"> </span>\u00a32<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 \u2013 \u00a31<span class=\"_ _2\"></span>,0<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>8 pe<span class=\"_ _0\"></span>r square m<span class=\"_ _0\"></span>etre (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a3210<span class=\"_ _363\"> </span> \u2013 \u00a38<span class=\"_ _0\"></span>37 pe<span class=\"_ _0\"></span>r square m<span class=\"_ _0\"></span>etre).<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ls2 ws3\">Comparable agricultural<span class=\"_ _4\"></span> land mark<span class=\"_ _2\"></span>et prices <span class=\"ws0\"> </span></span>of \u00a31<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,973 pe<span class=\"_ _0\"></span>r acre (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a31<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>4 per ac<span class=\"_ _0\"></span>re).<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ls47 wsf\">Comparable industrial land price <span class=\"ls2 ws0\"> </span></span>of \u00a38<span class=\"_ _0\"></span>8,6<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>33<span class=\"_ _0\"></span>9,<span class=\"_ _0\"></span>00<span class=\"_ _0\"></span>0 pe<span class=\"_ _0\"></span>r acre (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a38<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>80<span class=\"_ _363\"> </span> per a<span class=\"_ _0\"></span>cre).<span class=\"_ _363\"> </span>Ireland \u2013 Regional<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"lsc ws10\">Compar<span class=\"_ _0\"></span>able warehouse market prices <span class=\"ls2 ws0\"> </span></span>of \u00a332<span class=\"_ _0\"></span>3 \u2013 \u00a3529 pe<span class=\"_ _0\"></span>r squa<span class=\"_ _0\"></span>re met<span class=\"_ _0\"></span>re <span class=\"ls2\"> </span>(2021<span class=\"_ _2\"></span>: \u00a31<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>0\u2013 \u00a331<span class=\"_ _2\"></span>5 p<span class=\"_ _0\"></span>er squ<span class=\"_ _0\"></span>are met<span class=\"_ _0\"></span>re).<span class=\"_ _363\"> </span>UK \u2013 Re<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al (excl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g ma<span class=\"_ _0\"></span>jo<span class=\"_ _0\"></span>r ci<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s)<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"lsc ws10\">Compar<span class=\"_ _0\"></span>able warehouse market price <span class=\"ls2 ws0\"> </span></span>of \u00a335<span class=\"_ _0\"></span>0 per s<span class=\"_ _0\"></span>quare m<span class=\"_ _0\"></span>etre <span class=\"ls2\"> </span>(2021<span class=\"_ _2\"></span>: \u00a3<span class=\"_ _0\"></span>350 p<span class=\"_ _0\"></span>er squ<span class=\"_ _0\"></span>are met<span class=\"_ _0\"></span>re).<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>able re<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>ntial ma<span class=\"_ _0\"></span>rket pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es<span class=\"_ _363\"> </span></span><span class=\"ws0\"> </span>of dilapid<span class=\"_ _0\"></span>ated resid<span class=\"_ _0\"></span>entia<span class=\"_ _0\"></span>l in the re<span class=\"_ _0\"></span>gio<span class=\"_ _0\"></span>n of<span class=\"_ _363\"> </span> \u00a350<span class=\"_ _2\"></span>,000 (<span class=\"_ _2\"></span>2021<span class=\"_ _5\"></span>: \u00a350<span class=\"_ _2\"></span>,000)<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>able i<span class=\"_ _0\"></span>ndust<span class=\"_ _0\"></span>rial o<span class=\"_ _0\"></span>r deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>ment la<span class=\"_ _0\"></span>nd<span class=\"_ _363\"> </span></span><span class=\"ws0\"> </span>bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n \u00a31<span class=\"_ _2\"></span>50<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>00 \u2013 \u00a35<span class=\"_ _0\"></span>87<span class=\"_ _2\"></span>,0<span class=\"_ _0\"></span>00 p<span class=\"_ _0\"></span>er ac<span class=\"_ _0\"></span>re.<span class=\"_ _363\"> </span>UK \u2013<span class=\"_ _2\"></span> Urban<span class=\"_ _363\"> </span> \u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>able m<span class=\"_ _0\"></span>arket p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>es for d<span class=\"_ _0\"></span>evelo<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt<span class=\"_ _363\"> </span></span><span class=\"ws0\"> </span>sites of \u00a31<span class=\"_ _2\"></span>.5 milli<span class=\"_ _0\"></span>on \u2013 \u00a37<span class=\"_ _2\"></span>.4 milli<span class=\"_ _0\"></span>on pe<span class=\"_ _0\"></span>r acre<span class=\"_ _0\"></span> (2021<span class=\"_ _2\"></span>: \u00a30.6 mil<span class=\"_ _0\"></span>lion \u2013 4<span class=\"_ _0\"></span>.5 millio<span class=\"_ _0\"></span>n)<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> The estimated fair<span class=\"_ _2\"></span> value would increase/<span class=\"_ _363\"> </span> (<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>ecrease) if:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>able m<span class=\"_ _0\"></span>arket p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>es pe<span class=\"_ _0\"></span>r square m<span class=\"_ _0\"></span>etre<span class=\"_ _0\"></span> </span>were<span class=\"_ _2\"></span> higher<span class=\"_ _2\"></span>/(low<span class=\"_ _2\"></span>er).<span class=\"ff83 ls2 ws0\"> </span>Independe<span class=\"_ _0\"></span>nt valuations<span class=\"_ _2\"></span>:<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e value is bas<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n the op<span class=\"_ _0\"></span>inio<span class=\"_ _0\"></span>n of <span class=\"ls2\"> </span>independen<span class=\"_ _4\"></span>t regi<span class=\"_ _2\"></span>stered pr<span class=\"_ _2\"></span>oper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y appra<span class=\"_ _2\"></span>isers<span class=\"_ _363\"> </span>UK<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>ree (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: four) pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties we<span class=\"_ _0\"></span>re value<span class=\"_ _0\"></span>d by<span class=\"_ _363\"> </span></span><span class=\"ws0\"> </span>independen<span class=\"_ _4\"></span>t property apprais<span class=\"_ _4\"></span>ers in<span class=\"_ _2\"></span> D<span class=\"_ _0\"></span>ecember<span class=\"_ _363\"> </span> 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>. The tota<span class=\"_ _0\"></span>l value was \u00a314.9 million (2021<span class=\"_ _2\"></span>:<span class=\"_ _0\"></span> \u00a31<span class=\"_ _2\"></span>5.8 m<span class=\"_ _0\"></span>illion).<span class=\"_ _363\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-660": {
   "value": "13. (<span class=\"_ _2\"></span>a<span class=\"_ _2\"></span>) Property<span class=\"_ _2\"></span>, Plant<span class=\"_ _2\"></span> and Equipment<span class=\"_ _363\"> </span>Freehold<span class=\"_ _4\"></span> land and buildings \u00a3\u2019000<span class=\"_ _363\"> </span>Leasehold improvements/ buildings \u00a3\u2019000<span class=\"_ _363\"> </span>Plant<span class=\"_ _2\"></span> and Machiner<span class=\"_ _0\"></span>y \u00a3\u2019000<span class=\"_ _363\"> </span>Motor<span class=\"_ _4\"></span> Vehicles<span class=\"_ _2\"></span> \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>Y<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _363\"> </span>Op<span class=\"_ _0\"></span>ening n<span class=\"_ _0\"></span>et bo<span class=\"_ _0\"></span>ok am<span class=\"_ _0\"></span>ount<span class=\"_ _230\"> </span><span class=\"ff83 lsc0 ws9a\">1<span class=\"_ _2\"></span>46,36<span class=\"_ _2\"></span>2<span class=\"_ _e9\"> </span><span class=\"ls8b ws7c\">62<span class=\"_ _0\"></span>,30<span class=\"_ _0\"></span>6<span class=\"_ _5b\"> </span><span class=\"ls155 ws169\">8<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9<span class=\"_ _5b\"> </span></span>24,828<span class=\"_ _96\"> </span><span class=\"ls134 ws145\">3<span class=\"_ _0\"></span>19<span class=\"_ _0\"></span>,<span class=\"_ _34\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>5<span class=\"_ _363\"> </span></span></span></span>Additions<span class=\"_ _231\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>3<span class=\"_ _6c\"> </span><span class=\"ls33 ws29\">11<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>12<span class=\"_ _3\"></span>8<span class=\"_ _5d\"> </span><span class=\"ls146 ws155\">3<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>7<span class=\"_ _46\"> </span><span class=\"ls72 wse\">5,540<span class=\"_ _5b\"> </span><span class=\"lse7 wsb8\">5<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>18<span class=\"_ _363\"> </span></span></span></span></span></span>Ar<span class=\"_ _0\"></span>ising o<span class=\"_ _0\"></span>n acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns (Note 27<span class=\"_ _0\"></span>)<span class=\"_ _232\"> </span><span class=\"ff83 ls134 ws145\">3<span class=\"_ _0\"></span>,14<span class=\"_ _3\"></span>0<span class=\"_ _fa\"> </span><span class=\"ls97 ws88\">579<span class=\"_ _11d\"> </span><span class=\"ls12a wsab\">534<span class=\"_ _c1\"> </span><span class=\"ls73 ws68\">406<span class=\"_ _181\"> </span><span class=\"lsa7 ws9c\">4<span class=\"_ _0\"></span>,659<span class=\"_ _363\"> </span></span></span></span></span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _17a\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _1ca\"> </span><span class=\"ls157 ws16b\">(4<span class=\"_ _3\"></span>3)<span class=\"_ _60\"> </span>(4<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>)<span class=\"_ _14c\"> </span><span class=\"ls35 ws2b\">(9<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _a3\"> </span><span class=\"lsa7 ws9c\">(597<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span></span></span>De<span class=\"_ _0\"></span>prec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n charg<span class=\"_ _0\"></span>e (Note 3)<span class=\"_ _bf\"> </span><span class=\"ff83 lse4 wsdc\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>87<span class=\"_ _3\"></span>)<span class=\"_ _e9\"> </span><span class=\"ls146 ws155\">(<span class=\"_ _34\"></span>7,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>)<span class=\"_ _c2\"> </span><span class=\"lse7 wsb8\">(<span class=\"_ _0\"></span>18<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _20\"> </span><span class=\"ls35 ws2b\">(5,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>9)<span class=\"_ _96\"> </span><span class=\"ls134 ws145\">(<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>,17<span class=\"_ _3\"></span>1)<span class=\"_ _363\"> </span></span></span></span></span></span>Rec<span class=\"_ _0\"></span>lassif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation f<span class=\"_ _0\"></span>rom inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _159\"> </span><span class=\"ff83 ls18 ws12\">423<span class=\"_ _e7\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _11d\"> </span></span>423<span class=\"_ _363\"> </span></span>Exchange a<span class=\"_ _4\"></span>djustmen<span class=\"_ _2\"></span>t<span class=\"_ _233\"> </span><span class=\"ff83 ls97 ws88\">6,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>27<span class=\"_ _11d\"> </span><span class=\"ls20 ws19\">353<span class=\"_ _46\"> </span><span class=\"ls155 ws169\">2<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>6<span class=\"_ _12f\"> </span></span>289<span class=\"_ _6e\"> </span><span class=\"lsdb wsb1\">9,475<span class=\"_ _363\"> </span></span></span></span>Closi<span class=\"_ _0\"></span>ng net b<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>k amou<span class=\"_ _0\"></span>nt<span class=\"_ _ff\"> </span><span class=\"ff83 ls6c ws61\">1<span class=\"_ _2\"></span>54,54<span class=\"_ _0\"></span>8<span class=\"_ _20\"> </span><span class=\"ls34 ws2a\">6<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>,9<span class=\"_ _0\"></span>51<span class=\"_ _b0\"> </span><span class=\"ls146 ws155\">1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>6<span class=\"_ _5b\"> </span><span class=\"ls97 ws88\">25,<span class=\"_ _0\"></span>277<span class=\"_ _2f\"> </span><span class=\"ls72 wse\">354,402<span class=\"_ _363\"> </span></span></span></span></span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _363\"> </span>Cost<span class=\"_ _234\"> </span><span class=\"ff83 ls1a ws7d\">202<span class=\"_ _0\"></span>,570<span class=\"_ _db\"> </span><span class=\"ls89 wsd0\">12<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>,7<span class=\"_ _3\"></span>19<span class=\"_ _c2\"> </span><span class=\"ls68 ws5d\">298,804<span class=\"_ _11a\"> </span><span class=\"lse7 wsb8\">5<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>18<span class=\"_ _b0\"> </span><span class=\"ls33 ws29\">6<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _34\"></span>3<span class=\"_ _3\"></span>11<span class=\"_ _363\"> </span></span></span></span></span></span>Acc<span class=\"_ _0\"></span>umulate<span class=\"_ _0\"></span>d depre<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ation &amp; i<span class=\"_ _0\"></span>mpair<span class=\"_ _0\"></span>ment l<span class=\"_ _0\"></span>oss<span class=\"_ _235\"> </span><span class=\"ff83 ls157 ws16b\">(4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>2)<span class=\"_ _c2\"> </span><span class=\"ls155 ws169\">(5<span class=\"_ _3\"></span>8,7<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>8)<span class=\"_ _10d\"> </span><span class=\"ls134 ws145\">(<span class=\"_ _0\"></span>19<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,17<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _96\"> </span><span class=\"lse8 wsde\">(2<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>1)<span class=\"_ _1ea\"> </span><span class=\"ls35 ws2b\">(3<span class=\"_ _0\"></span>24<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span></span></span></span></span></span>Net b<span class=\"_ _0\"></span>ook a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _236\"> </span><span class=\"ff83 ls6c ws61\">1<span class=\"_ _2\"></span>54,548<span class=\"_ _5b\"> </span><span class=\"ls34 ws2a\">6<span class=\"_ _0\"></span>6,<span class=\"_ _0\"></span>951<span class=\"_ _b0\"> </span><span class=\"ls146 ws155\">1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>6<span class=\"_ _5b\"> </span><span class=\"ls97 ws88\">25,277<span class=\"_ _2f\"> </span><span class=\"ls72 wse\">354,402<span class=\"_ _363\"> </span></span></span></span></span></span>Y<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Op<span class=\"_ _0\"></span>ening n<span class=\"_ _0\"></span>et bo<span class=\"_ _0\"></span>ok am<span class=\"_ _0\"></span>ount<span class=\"_ _237\"> </span><span class=\"ls3e ws35\">26<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>375<span class=\"_ _c4\"> </span><span class=\"ls8b ws7c\">73,5<span class=\"_ _0\"></span>80<span class=\"_ _63\"> </span><span class=\"ls132 ws146\">9<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,12<span class=\"_ _3\"></span>9<span class=\"_ _5d\"> </span></span></span></span><span class=\"ws77\">52<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>45<span class=\"_ _0\"></span>5<span class=\"_ _b0\"> </span><span class=\"ls73 ws68\">493,<span class=\"_ _4\"></span>539<span class=\"_ _363\"> </span></span></span>Additions<span class=\"_ _1c2\"> </span><span class=\"lsdd ws3b\">1,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>8<span class=\"_ _a4\"> </span>6<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>17<span class=\"_ _63\"> </span><span class=\"ls132 ws146\">2<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>0<span class=\"_ _60\"> </span><span class=\"ls14 wsb9\">6,<span class=\"_ _0\"></span>471<span class=\"_ _126\"> </span><span class=\"ls37 ws2d\">4<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>16<span class=\"_ _363\"> </span></span></span></span></span>Ar<span class=\"_ _0\"></span>ising o<span class=\"_ _0\"></span>n acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _209\"> </span><span class=\"lsdf wsd6\">11<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>4<span class=\"_ _34\"></span>4<span class=\"_ _79\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _60\"> </span><span class=\"ls89 wsd0\">5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>12<span class=\"_ _fa\"> </span><span class=\"ls12a wsab\">880<span class=\"_ _76\"> </span><span class=\"lsdd ws3b\">18<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>6<span class=\"_ _363\"> </span></span></span></span></span>Disposal of Gr<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>up businesses<span class=\"_ _238\"> </span><span class=\"lsdf wsd6\">(<span class=\"_ _3\"></span>115<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _34\"></span>3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>)<span class=\"_ _2c\"> </span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>10<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _b4\"> </span><span class=\"lsa2 ws97\">(<span class=\"_ _0\"></span>24,<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4)<span class=\"_ _db\"> </span><span class=\"lse0 wsd7\">(<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>1)<span class=\"_ _92\"> </span><span class=\"ls143 ws151\">(<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>7<span class=\"_ _34\"> </span>7,<span class=\"_ _34\"></span>5<span class=\"_ _3\"></span>15<span class=\"_ _34\"></span>)<span class=\"_ _363\"> </span></span></span></span></span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _239\"> </span><span class=\"lsf ws9b\">(2<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>4)<span class=\"_ _12f\"> </span><span class=\"ls105 ws162\">(<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9)<span class=\"_ _a4\"> </span><span class=\"ls35 ws2b\">(9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0)<span class=\"_ _12f\"> </span>(8<span class=\"_ _0\"></span>0)<span class=\"_ _63\"> </span><span class=\"ls132 ws146\">(<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>,13<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span></span></span></span>De<span class=\"_ _0\"></span>prec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n charg<span class=\"_ _0\"></span>e<span class=\"_ _1ba\"> </span><span class=\"ls35 ws2b\">(3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>20)<span class=\"_ _126\"> </span><span class=\"ls14e ws15e\">(<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>74<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>)<span class=\"_ _2c\"> </span><span class=\"ls3f ws36\">(<span class=\"_ _0\"></span>19<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _5f\"> </span><span class=\"lsdf wsd6\">(<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,115<span class=\"_ _34\"></span>)<span class=\"_ _db\"> </span><span class=\"ls12a wsab\">(<span class=\"_ _2\"></span>38,270<span class=\"_ _2\"></span>)<span class=\"_ _363\"> </span></span></span></span></span></span>Impair<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt charg<span class=\"_ _0\"></span>e<span class=\"_ _23a\"> </span><span class=\"ls2\">\u2013<span class=\"_ _123\"> </span><span class=\"ls35 ws2b\">(2<span class=\"_ _0\"></span>0)<span class=\"_ _ce\"> </span><span class=\"lse8 wsde\">(<span class=\"_ _0\"></span>14<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _22\"> </span></span></span>\u2013<span class=\"_ _18\"> </span><span class=\"ls37 ws2d\">(<span class=\"_ _0\"></span>16<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span></span>Rec<span class=\"_ _0\"></span>lassif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation to p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s held fo<span class=\"_ _0\"></span>r sale<span class=\"_ _23b\"> </span><span class=\"lsa2 ws97\">(324<span class=\"_ _0\"></span>)<span class=\"_ _8b\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _128\"> </span>\u2013<span class=\"_ _18\"> </span><span class=\"lsa2 ws97\">(324)<span class=\"_ _363\"> </span></span></span>Rec<span class=\"_ _0\"></span>lassif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ation f<span class=\"_ _0\"></span>rom inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _7\"> </span><span class=\"ls35 ws2b\">(5,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0)<span class=\"_ _22\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _5f\"> </span><span class=\"ls35 ws2b\">(5<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>0)<span class=\"_ _363\"> </span></span></span>Exchange a<span class=\"_ _4\"></span>djustmen<span class=\"_ _2\"></span>t<span class=\"_ _220\"> </span><span class=\"ls143 ws151\">(<span class=\"_ _34\"></span>7,<span class=\"_ _34\"></span>4<span class=\"_ _3\"></span>5<span class=\"_ _34\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _ce\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>4)<span class=\"_ _5d\"> </span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>417<span class=\"_ _3\"></span>)<span class=\"_ _ce\"> </span><span class=\"lsf ws9b\">(28<span class=\"_ _0\"></span>2)<span class=\"_ _b0\"> </span></span>(<span class=\"_ _0\"></span>10<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span></span>Closi<span class=\"_ _0\"></span>ng net b<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>k amou<span class=\"_ _0\"></span>nt<span class=\"_ _23c\"> </span><span class=\"lse8 wsde\">14<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>2<span class=\"_ _76\"> </span><span class=\"lsa7 ws9c\">62,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>06<span class=\"_ _5d\"> </span><span class=\"ls144 ws152\">8<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9<span class=\"_ _76\"> </span><span class=\"lsa2 ws97\">24<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>8<span class=\"_ _21\"> </span><span class=\"ls3f ws36\">319<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>5<span class=\"_ _363\"> </span></span></span></span></span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Cost<span class=\"_ _15b\"> </span><span class=\"lsdd ws3b\">18<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _8c\"> </span><span class=\"lsdf wsd6\">113<span class=\"_ _3\"></span>,<span class=\"_ _34\"></span>2<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>5<span class=\"_ _21\"> </span><span class=\"lsb ws55\">259,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>81<span class=\"_ _c4\"> </span><span class=\"ls12a wsab\">48,253<span class=\"_ _2c\"> </span></span></span></span>6<span class=\"_ _0\"></span>10<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _363\"> </span></span>Acc<span class=\"_ _0\"></span>umulate<span class=\"_ _0\"></span>d depre<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ation &amp; i<span class=\"_ _0\"></span>mpair<span class=\"_ _0\"></span>ment l<span class=\"_ _0\"></span>oss<span class=\"_ _23d\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>26<span class=\"_ _3\"></span>4)<span class=\"_ _db\"> </span><span class=\"ls105 ws162\">(5<span class=\"_ _0\"></span>0,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>9)<span class=\"_ _1af\"> </span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>17<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _db\"> </span><span class=\"ls6e ws10\">(<span class=\"_ _2\"></span>23,425)<span class=\"_ _44\"> </span><span class=\"ls132 ws146\">(<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>1,13<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span></span></span></span>Net b<span class=\"_ _0\"></span>ook a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt<span class=\"_ _23e\"> </span><span class=\"lse8 wsde\">14<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>2<span class=\"_ _76\"> </span><span class=\"lsa7 ws9c\">62,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>06<span class=\"_ _5d\"> </span><span class=\"ls144 ws152\">8<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9<span class=\"_ _76\"> </span><span class=\"lsa2 ws97\">24<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>8<span class=\"_ _21\"> </span><span class=\"ls3f ws36\">319<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>5<span class=\"_ _363\"> </span></span></span></span></span></span>Th<span class=\"_ _0\"></span>e Group\u2019s fre<span class=\"_ _0\"></span>eh<span class=\"_ _0\"></span>old an<span class=\"_ _0\"></span>d lon<span class=\"_ _0\"></span>g lease<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>d prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es lo<span class=\"_ _0\"></span>cated in t<span class=\"_ _0\"></span>he Re<span class=\"_ _0\"></span>publi<span class=\"_ _0\"></span>c of Ireland we<span class=\"_ _0\"></span>re professio<span class=\"_ _0\"></span>nally va<span class=\"_ _0\"></span>lued a<span class=\"_ _0\"></span>s at De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ber 1998 by<span class=\"_ _0\"></span> professio<span class=\"_ _0\"></span>nal valu<span class=\"_ _0\"></span>ers in a<span class=\"_ _0\"></span>cco<span class=\"_ _0\"></span>rdan<span class=\"_ _0\"></span>ce wit<span class=\"_ _0\"></span>h the A<span class=\"_ _0\"></span>pp<span class=\"_ _0\"></span>raisal an<span class=\"_ _0\"></span>d Valuatio<span class=\"_ _0\"></span>n Manual of t<span class=\"_ _0\"></span>he S<span class=\"_ _0\"></span>oci<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>y of Char<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>red Su<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>veyor<span class=\"_ _0\"></span>s. Pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y acqu<span class=\"_ _0\"></span>ired<span class=\"_ _0\"></span>/purchas<span class=\"_ _0\"></span>ed af<span class=\"_ _0\"></span>ter De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 1<span class=\"_ _2\"></span>9<span class=\"_ _0\"></span>98 is s<span class=\"_ _0\"></span>tated at c<span class=\"_ _0\"></span>ost o<span class=\"_ _0\"></span>r dee<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d cos<span class=\"_ _0\"></span>t. Pre<span class=\"_ _0\"></span>viou<span class=\"_ _0\"></span>s valuati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h were mad<span class=\"_ _0\"></span>e on an op<span class=\"_ _0\"></span>en ma<span class=\"_ _0\"></span>rket for e<span class=\"_ _0\"></span>xistin<span class=\"_ _0\"></span>g use basis<span class=\"_ _0\"></span>, were de<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>d to be co<span class=\"_ _0\"></span>st for th<span class=\"_ _0\"></span>e pur<span class=\"_ _0\"></span>pose of t<span class=\"_ _0\"></span>he tra<span class=\"_ _0\"></span>nsiti<span class=\"_ _0\"></span>on to IFR<span class=\"_ _0\"></span>S as adopte<span class=\"_ _0\"></span>d by the E<span class=\"_ _0\"></span>U. Th<span class=\"_ _0\"></span>e remain<span class=\"_ _0\"></span>ing pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h are lo<span class=\"_ _0\"></span>cated in t<span class=\"_ _0\"></span>he Uni<span class=\"_ _0\"></span>ted King<span class=\"_ _0\"></span>dom<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e Net<span class=\"_ _0\"></span>her<span class=\"_ _0\"></span>lands a<span class=\"_ _0\"></span>nd Finl<span class=\"_ _0\"></span>and<span class=\"_ _0\"></span>, are inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>d at cos<span class=\"_ _0\"></span>t less d<span class=\"_ _0\"></span>epre<span class=\"_ _0\"></span>ciat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>13. <span class=\"_ _1f2\"> </span>Property<span class=\"_ _2\"></span>, Plant and<span class=\"_ _4\"></span> Equipment, Right-of-Use A<span class=\"_ _2\"></span>sset, Properties Held for Sale <span class=\"ls2 ws0\"> </span>and Inv<span class=\"_ _2\"></span>estment Properties<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>13<span class=\"_ _0\"></span>. (<span class=\"_ _2\"></span>b<span class=\"_ _4\"></span>) Rig<span class=\"_ _0\"></span>ht-<span class=\"_ _0\"></span>O<span class=\"_ _0\"></span>f-<span class=\"_ _0\"></span>Use Ass<span class=\"_ _0\"></span>et<span class=\"_ _363\"> </span>Property &amp; Land Leases \u00a3\u2019000<span class=\"_ _363\"> </span>Ve<span class=\"_ _0\"></span>h<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>l<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>s<span class=\"_ _0\"></span> <span class=\"ls2 ws0\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Other Asse<span class=\"_ _0\"></span>ts \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>Y<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _363\"> </span>Op<span class=\"_ _0\"></span>ening b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e at 1 Janua<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>22<span class=\"_ _23f\"> </span><span class=\"ff83 ls33 ws29\">4<span class=\"_ _0\"></span>11<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _6e\"> </span><span class=\"ls15 ws32\">9,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>09<span class=\"_ _11d\"> </span><span class=\"ls97 ws88\">79<span class=\"_ _0\"></span>0<span class=\"_ _a1\"> </span><span class=\"ls22 ws66\">4<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span></span></span></span></span>Additions*<span class=\"_ _240\"> </span><span class=\"ff83 ls146 ws155\">2<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>9<span class=\"_ _a3\"> </span><span class=\"lsc2 ws168\">4<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _3\"></span>4<span class=\"_ _8b\"> </span><span class=\"lse7 wsb8\">18<span class=\"_ _76\"> </span><span class=\"ls22 ws66\">3<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>1<span class=\"_ _363\"> </span></span></span></span></span>Ar<span class=\"_ _0\"></span>ising o<span class=\"_ _0\"></span>n acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns (Note 27<span class=\"_ _0\"></span>)<span class=\"_ _241\"> </span><span class=\"ff83 ls12a wsab\">2,<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>45<span class=\"_ _114\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _6d\"> </span></span>2,<span class=\"_ _4\"></span>7<span class=\"_ _2\"></span>45<span class=\"_ _363\"> </span></span>De<span class=\"_ _0\"></span>prec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n charg<span class=\"_ _0\"></span>e (Note 3)<span class=\"_ _1f8\"> </span><span class=\"ff83 ls103 wsf8\">(5<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,6<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>0)<span class=\"_ _e9\"> </span><span class=\"ls157 ws16b\">(4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>0)<span class=\"_ _11d\"> </span><span class=\"ls144 ws152\">(62<span class=\"_ _0\"></span>)<span class=\"_ _96\"> </span><span class=\"ls134 ws145\">(<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>,14<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span></span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _152\"> </span><span class=\"ff83 ls22 ws66\">(<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _60\"> </span><span class=\"ls16 ws10c\">(33<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _8b\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _126\"> </span><span class=\"ls35 ws2b\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span></span></span></span></span>Reme<span class=\"_ _0\"></span>asurem<span class=\"_ _0\"></span>ents*<span class=\"_ _242\"> </span><span class=\"ff83 ls33 ws29\">16<span class=\"_ _34\"></span>,111<span class=\"_ _10c\"> </span>11<span class=\"_ _0\"></span>5<span class=\"_ _d0\"> </span><span class=\"lsbd wsb4\">(5<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>8)<span class=\"_ _21\"> </span><span class=\"ls8b ws7c\">1<span class=\"_ _4\"></span>5,678<span class=\"_ _363\"> </span></span></span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _243\"> </span><span class=\"ff83 ls31 ws27\">10<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _fa\"> </span><span class=\"ls97 ws88\">379<span class=\"_ _f4\"> </span></span>10<span class=\"_ _5d\"> </span><span class=\"lse7 wsb8\">10<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>18<span class=\"_ _363\"> </span></span></span>Closi<span class=\"_ _0\"></span>ng net b<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>k amou<span class=\"_ _0\"></span>nt<span class=\"_ _244\"> </span><span class=\"ff83 lsc2 ws168\">41<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>74<span class=\"_ _6e\"> </span><span class=\"ls15 ws32\">9,8<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>3<span class=\"_ _11d\"> </span><span class=\"ls8b ws7c\">208<span class=\"_ _2c\"> </span><span class=\"ls33 ws29\">4<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>115<span class=\"_ _363\"> </span></span></span></span></span>Y<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>ar e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 31 De<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Rec<span class=\"_ _0\"></span>ognis<span class=\"_ _0\"></span>ed at 1 Ja<span class=\"_ _0\"></span>nuar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>021<span class=\"_ _245\"> </span><span class=\"ls132 ws146\">4<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,1<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>9<span class=\"_ _63\"> </span><span class=\"lse0 wsd7\">13<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>1<span class=\"_ _1c\"> </span><span class=\"lsdd ws3b\">10<span class=\"_ _3\"></span>2<span class=\"_ _b0\"> </span><span class=\"lsa7 ws9c\">5<span class=\"_ _0\"></span>05<span class=\"_ _0\"></span>,92<span class=\"_ _0\"></span>2<span class=\"_ _363\"> </span></span></span></span></span>Additions<span class=\"_ _1c0\"> </span><span class=\"ls19 ws13\">15<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _34\"></span>0<span class=\"_ _3\"></span>4<span class=\"_ _77\"> </span><span class=\"ls36 wsf\">6,8<span class=\"_ _0\"></span>08<span class=\"_ _11\"> </span><span class=\"lsdd ws3b\">8<span class=\"_ _0\"></span>18<span class=\"_ _76\"> </span><span class=\"lsc0 ws9a\">22,630<span class=\"_ _363\"> </span></span></span></span></span>Ar<span class=\"_ _0\"></span>ising o<span class=\"_ _0\"></span>n acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _1be\"> </span><span class=\"ls132 ws146\">2<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,19<span class=\"_ _3\"></span>2<span class=\"_ _79\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _63\"> </span><span class=\"ls132 ws146\">2<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>19<span class=\"_ _3\"></span>2<span class=\"_ _363\"> </span></span></span>De<span class=\"_ _0\"></span>prec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n charg<span class=\"_ _0\"></span>e<span class=\"_ _246\"> </span><span class=\"ls12f ws7a\">(5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>4)<span class=\"_ _11a\"> </span><span class=\"ls34 ws2a\">(5<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>8)<span class=\"_ _112\"> </span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>10<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _2c\"> </span><span class=\"lsa2 ws97\">(59<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>624)<span class=\"_ _363\"> </span></span></span></span></span>Disposal of Gr<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>up businesses (No<span class=\"_ _4\"></span>te 27)<span class=\"_ _247\"> </span><span class=\"ls132 ws146\">(<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,16<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _126\"> </span><span class=\"ls19 ws13\">(<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>15<span class=\"_ _3\"></span>)<span class=\"_ _fa\"> </span><span class=\"lsa2 ws97\">(3<span class=\"_ _0\"></span>6)<span class=\"_ _2c\"> </span><span class=\"ls69 ws91\">(6<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>,613)<span class=\"_ _363\"> </span></span></span></span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _248\"> </span><span class=\"ls69 ws91\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>3)<span class=\"_ _ce\"> </span><span class=\"ls3f ws36\">(<span class=\"_ _0\"></span>19<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _22\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _1b\"> </span><span class=\"ls144 ws152\">(2<span class=\"_ _3\"></span>,79<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span></span></span>Reme<span class=\"_ _0\"></span>asurem<span class=\"_ _0\"></span>ents<span class=\"_ _249\"> </span><span class=\"ls42 ws38\">5<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>41<span class=\"_ _fa\"> </span><span class=\"ls97 ws88\">4<span class=\"_ _0\"></span>67<span class=\"_ _d1\"> </span><span class=\"lse0 wsd7\">13<span class=\"_ _60\"> </span><span class=\"ls16 ws10c\">5,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span></span></span></span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _21f\"> </span><span class=\"lse0 wsd7\">(<span class=\"_ _3\"></span>13<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _82\"> </span>(4<span class=\"_ _34\"></span>5<span class=\"_ _0\"></span>1)<span class=\"_ _f4\"> </span><span class=\"ls12f ws7a\">(5<span class=\"_ _0\"></span>)<span class=\"_ _db\"> </span><span class=\"lse8 wsde\">(<span class=\"_ _0\"></span>14<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span></span>Closi<span class=\"_ _0\"></span>ng net b<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>k amou<span class=\"_ _0\"></span>nt<span class=\"_ _a9\"> </span><span class=\"lsdf wsd6\">4<span class=\"_ _0\"></span>11<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _a3\"> </span><span class=\"ls13 ws22\">9,4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9<span class=\"_ _12f\"> </span><span class=\"ls1a ws7d\">790<span class=\"_ _21\"> </span><span class=\"ls16 ws10c\">421<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>25<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span></span></span></span>*  <span class=\"_ _32\"> </span>R<span class=\"_ _0\"></span>ight<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>of-<span class=\"_ _0\"></span>use a<span class=\"_ _0\"></span>sse<span class=\"_ _0\"></span>t add<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s rela<span class=\"_ _0\"></span>te to new l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>act<span class=\"_ _0\"></span>s ente<span class=\"_ _0\"></span>red i<span class=\"_ _0\"></span>nto dur<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g the y<span class=\"_ _0\"></span>ear a<span class=\"_ _0\"></span>nd ma<span class=\"_ _0\"></span>inl<span class=\"_ _0\"></span>y ari<span class=\"_ _0\"></span>se du<span class=\"_ _0\"></span>e to le<span class=\"_ _0\"></span>ases e<span class=\"_ _0\"></span>nter<span class=\"_ _0\"></span>ed in<span class=\"_ _0\"></span>to for n<span class=\"_ _0\"></span>ew sto<span class=\"_ _0\"></span>re lo<span class=\"_ _0\"></span>cat<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns, a n<span class=\"_ _0\"></span>ew wa<span class=\"_ _0\"></span>reh<span class=\"_ _0\"></span>ous<span class=\"_ _0\"></span>e and n<span class=\"_ _0\"></span>ew le<span class=\"_ _0\"></span>ase c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>cts a<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>ed fo<span class=\"_ _0\"></span>r ex<span class=\"_ _0\"></span>ist<span class=\"_ _0\"></span>ing s<span class=\"_ _0\"></span>tores<span class=\"_ _0\"></span>. Ri<span class=\"_ _0\"></span>ght-<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>-u<span class=\"_ _0\"></span>se as<span class=\"_ _0\"></span>set r<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>easu<span class=\"_ _0\"></span>rem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>s have m<span class=\"_ _0\"></span>ainl<span class=\"_ _0\"></span>y ar<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>n due to t<span class=\"_ _0\"></span>he f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>alis<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n of re<span class=\"_ _0\"></span>nt rev<span class=\"_ _0\"></span>iew<span class=\"_ _0\"></span>s and t<span class=\"_ _0\"></span>he re<span class=\"_ _0\"></span>ass<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt of ex<span class=\"_ _0\"></span>ten<span class=\"_ _0\"></span>sio<span class=\"_ _0\"></span>n opt<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>s avail<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e to th<span class=\"_ _0\"></span>e Gro<span class=\"_ _0\"></span>up on a n<span class=\"_ _0\"></span>umb<span class=\"_ _0\"></span>er of p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty l<span class=\"_ _0\"></span>eas<span class=\"_ _0\"></span>es th<span class=\"_ _0\"></span>at will n<span class=\"_ _0\"></span>ot be e<span class=\"_ _0\"></span>xerc<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g value of ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h the Gro<span class=\"_ _0\"></span>up subl<span class=\"_ _0\"></span>ease as o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ating l<span class=\"_ _0\"></span>eases an<span class=\"_ _0\"></span>d gen<span class=\"_ _0\"></span>erate in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e from<span class=\"_ _0\"></span>, am<span class=\"_ _0\"></span>ounted to \u00a31<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.6 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a314.5 million).<span class=\"_ _363\"> </span>Cashf<span class=\"_ _0\"></span>low ex<span class=\"_ _0\"></span>posu<span class=\"_ _0\"></span>res relat<span class=\"_ _0\"></span>ing to ex<span class=\"_ _0\"></span>tensio<span class=\"_ _0\"></span>n opti<span class=\"_ _0\"></span>ons and te<span class=\"_ _0\"></span>rmin<span class=\"_ _0\"></span>ation o<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>ns, whi<span class=\"_ _0\"></span>ch are n<span class=\"_ _0\"></span>ot refl<span class=\"_ _0\"></span>ecte<span class=\"_ _0\"></span>d in the m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>ment of l<span class=\"_ _0\"></span>ease liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es are \u00a3Ni<span class=\"_ _0\"></span>l (<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>1:<span class=\"_ _0\"></span> N<span class=\"_ _3\"></span>i<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span>)<span class=\"_ _3\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e averag<span class=\"_ _0\"></span>e lease ter<span class=\"_ _0\"></span>m is 7<span class=\"_ _2\"></span>.6 years (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: 8.3 y<span class=\"_ _0\"></span>ears). The aver<span class=\"_ _0\"></span>age re<span class=\"_ _0\"></span>mainin<span class=\"_ _0\"></span>g lease ter<span class=\"_ _0\"></span>m at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2 is 3<span class=\"_ _0\"></span>.6 years (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: 4.0 yea<span class=\"_ _0\"></span>rs).<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e amou<span class=\"_ _0\"></span>nts rec<span class=\"_ _0\"></span>ogni<span class=\"_ _0\"></span>sed in t<span class=\"_ _0\"></span>he inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>:<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Continuing \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>De<span class=\"_ _0\"></span>prec<span class=\"_ _0\"></span>iatio<span class=\"_ _0\"></span>n exp<span class=\"_ _0\"></span>ense o<span class=\"_ _0\"></span>n rig<span class=\"_ _0\"></span>ht-<span class=\"_ _0\"></span>of-us<span class=\"_ _0\"></span>e asse<span class=\"_ _0\"></span>ts (Note 3)<span class=\"_ _122\"> </span><span class=\"ff83 ls134 ws145\">6<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,14<span class=\"_ _0\"></span>2<span class=\"_ _5d\"> </span></span><span class=\"ws77\">5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>,552<span class=\"_ _126\"> </span><span class=\"lsa2 ws97\">59<span class=\"_ _0\"></span>,624<span class=\"_ _363\"> </span></span></span>Interest e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nse on l<span class=\"_ _0\"></span>ease liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es (Note 7<span class=\"_ _0\"></span>)<span class=\"_ _7a\"> </span><span class=\"ff83 ls134 ws145\">14<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>919<span class=\"_ _63\"> </span></span><span class=\"lse8 wsde\">14<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>7<span class=\"_ _5d\"> </span><span class=\"ls19 ws13\">15<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _34\"></span>8<span class=\"_ _3\"></span>0<span class=\"_ _363\"> </span></span></span>E<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nse rel<span class=\"_ _0\"></span>ating to sh<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t ter<span class=\"_ _0\"></span>m leas<span class=\"_ _0\"></span>es (Note 3)<span class=\"_ _24a\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _ce\"> </span></span><span class=\"ls132 ws146\">1,1<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>7<span class=\"_ _a4\"> </span><span class=\"lsdd ws3b\">1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>7<span class=\"_ _363\"> </span></span></span>E<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nse rel<span class=\"_ _0\"></span>ating to le<span class=\"_ _0\"></span>ases of low<span class=\"_ _0\"></span>-val<span class=\"_ _0\"></span>ue asse<span class=\"_ _0\"></span>ts (N<span class=\"_ _0\"></span>ote 3)<span class=\"_ _102\"> </span><span class=\"ff83 ls8b ws7c\">200<span class=\"_ _f5\"> </span></span><span class=\"ls2c ws14\">38<span class=\"_ _f4\"> </span>38<span class=\"_ _363\"> </span></span>E<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>nse rel<span class=\"_ _0\"></span>ating to var<span class=\"_ _0\"></span>iabl<span class=\"_ _0\"></span>e lease p<span class=\"_ _0\"></span>ayme<span class=\"_ _0\"></span>nts not inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>e measu<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nts of lease l<span class=\"_ _0\"></span>iabili<span class=\"_ _0\"></span>ty<span class=\"_ _0\"></span> (N<span class=\"_ _0\"></span>ot<span class=\"_ _0\"></span>e 3)<span class=\"_ _17b\"> </span><span class=\"ff83 ls20 ws19\">292<span class=\"_ _fa\"> </span></span><span class=\"ls37 ws2d\">16<span class=\"_ _3\"></span>9<span class=\"_ _206\"> </span>16<span class=\"_ _0\"></span>9<span class=\"_ _363\"> </span></span>Income from subleasing right<span class=\"_ _2\"></span>-<span class=\"_ _0\"></span>of-use assets \u2013 operating leases<span class=\"_ _24b\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>6<span class=\"_ _fa\"> </span></span><span class=\"lsff wsf3\">883<span class=\"_ _11d\"> </span>883<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e total cash o<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ow for leas<span class=\"_ _0\"></span>es amo<span class=\"_ _0\"></span>unted to \u00a373<span class=\"_ _0\"></span>.0 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a370.7 million).<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>ere have be<span class=\"_ _0\"></span>en n<span class=\"_ _0\"></span>o sale an<span class=\"_ _0\"></span>d lease<span class=\"_ _0\"></span>bac<span class=\"_ _0\"></span>k trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>ons in t<span class=\"_ _0\"></span>he cur<span class=\"_ _0\"></span>rent ye<span class=\"_ _0\"></span>ar<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e undisc<span class=\"_ _0\"></span>ounted l<span class=\"_ _0\"></span>ease a<span class=\"_ _0\"></span>mount<span class=\"_ _0\"></span>s to be rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d on an an<span class=\"_ _0\"></span>nual basis<span class=\"_ _0\"></span>, in rel<span class=\"_ _0\"></span>ation to t<span class=\"_ _0\"></span>he subl<span class=\"_ _0\"></span>ease o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ating le<span class=\"_ _0\"></span>ase inc<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>e, is \u00a30.6 milli<span class=\"_ _0\"></span>on for yea<span class=\"_ _0\"></span>r one,<span class=\"_ _0\"></span> \u00a30.5 milli<span class=\"_ _0\"></span>ons for yea<span class=\"_ _0\"></span>rs t<span class=\"_ _0\"></span>wo and thre<span class=\"_ _0\"></span>e, \u00a3<span class=\"_ _0\"></span>0.3 milli<span class=\"_ _0\"></span>on for yea<span class=\"_ _0\"></span>r four and \u00a3<span class=\"_ _0\"></span>0.2 milli<span class=\"_ _0\"></span>on for yea<span class=\"_ _0\"></span>r five o<span class=\"_ _0\"></span>nwards wit<span class=\"_ _0\"></span>h total inc<span class=\"_ _0\"></span>ome f<span class=\"_ _0\"></span>rom sub<span class=\"_ _0\"></span>leasin<span class=\"_ _0\"></span>g right-<span class=\"_ _3\"></span>of-use<span class=\"_ _0\"></span> asset<span class=\"_ _0\"></span>s amou<span class=\"_ _0\"></span>nting to \u00a3<span class=\"_ _0\"></span>2.5 milli<span class=\"_ _0\"></span>on (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a33.<span class=\"_ _0\"></span>3 millio<span class=\"_ _0\"></span>n)<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>13. <span class=\"_ _1f2\"> </span>Property<span class=\"_ _2\"></span>, Plant and<span class=\"_ _4\"></span> Equipment, Right-of-Use A<span class=\"_ _2\"></span>sset, Properties Held for Sale <span class=\"ls2 ws0\"> </span>and Inv<span class=\"_ _2\"></span>estment Properties<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>13<span class=\"_ _0\"></span>. (<span class=\"_ _2\"></span>c<span class=\"_ _2\"></span>) Pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es He<span class=\"_ _0\"></span>ld f<span class=\"_ _0\"></span>or S<span class=\"_ _0\"></span>ale<span class=\"_ _363\"> </span>Carrying <span class=\"ls2 ws0\"> </span>Amount \u00a3\u2019000<span class=\"_ _363\"> </span>At 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>021<span class=\"_ _24c\"> </span><span class=\"ff84 lsdd ws3b\">18<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>8<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ransfer<span class=\"_ _0\"></span>s from p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and equ<span class=\"_ _0\"></span>ipme<span class=\"_ _0\"></span>nt<span class=\"_ _24d\"> </span><span class=\"lsa2 ws97\">324<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ran<span class=\"_ _2\"></span>sfers fr<span class=\"_ _4\"></span>om in<span class=\"_ _2\"></span>vestment pr<span class=\"_ _2\"></span>oper<span class=\"_ _0\"></span>ties<span class=\"_ _24e\"> </span><span class=\"ls106 wsf9\">546<span class=\"_ _363\"> </span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _24f\"> </span><span class=\"lsdf wsd6\">(<span class=\"_ _3\"></span>11,<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>15<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _250\"> </span><span class=\"ls15d ws1a\">(<span class=\"_ _2\"></span>888)<span class=\"_ _363\"> </span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _251\"> </span><span class=\"ls97 ws88\">6,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>25<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ransfer<span class=\"_ _0\"></span>s to prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant &amp; equip<span class=\"_ _0\"></span>ment<span class=\"_ _252\"> </span><span class=\"ff83 ls157 ws16b\">(4<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3)<span class=\"_ _363\"> </span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _253\"> </span><span class=\"ff83 ls22 ws66\">(<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>9)<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _254\"> </span><span class=\"ff83 ls33 ws29\">2<span class=\"_ _0\"></span>11<span class=\"_ _363\"> </span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _255\"> </span><span class=\"ls78 ws6b\">4,364<span class=\"_ _363\"> </span></span>Dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year, five UK h<span class=\"_ _0\"></span>eld for s<span class=\"_ _0\"></span>ale pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties we<span class=\"_ _0\"></span>re sold<span class=\"_ _0\"></span>. An e<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ent of on<span class=\"_ _0\"></span>e Irish pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y was tran<span class=\"_ _0\"></span>sferre<span class=\"_ _0\"></span>d to prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and eq<span class=\"_ _0\"></span>uipm<span class=\"_ _0\"></span>ent fro<span class=\"_ _0\"></span>m prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies he<span class=\"_ _0\"></span>ld for sal<span class=\"_ _0\"></span>e. Th<span class=\"_ _0\"></span>e total num<span class=\"_ _0\"></span>ber of pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties h<span class=\"_ _0\"></span>eld for s<span class=\"_ _0\"></span>ale at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2 was th<span class=\"_ _0\"></span>ree (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: eight), of wh<span class=\"_ _0\"></span>ich t<span class=\"_ _0\"></span>wo (2021<span class=\"_ _2\"></span>: s<span class=\"_ _0\"></span>even) are loc<span class=\"_ _0\"></span>ated in th<span class=\"_ _0\"></span>e UK an<span class=\"_ _0\"></span>d one (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: one) in Irelan<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>hese p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es are sh<span class=\"_ _0\"></span>own in th<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce she<span class=\"_ _0\"></span>et at t<span class=\"_ _0\"></span>he lower of t<span class=\"_ _0\"></span>heir c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying a<span class=\"_ _0\"></span>mount a<span class=\"_ _0\"></span>nd fair value l<span class=\"_ _0\"></span>ess any disp<span class=\"_ _0\"></span>osal c<span class=\"_ _0\"></span>osts<span class=\"_ _0\"></span>. On<span class=\"_ _0\"></span>e prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y is in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed at a fair v<span class=\"_ _0\"></span>alue of \u00a33<span class=\"_ _0\"></span>.6 million (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: four pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s at \u00a34.8 mil<span class=\"_ _0\"></span>lion).<span class=\"_ _363\"> </span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies he<span class=\"_ _0\"></span>ld for sal<span class=\"_ _0\"></span>e are not us<span class=\"_ _0\"></span>ed in th<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>urse of busi<span class=\"_ _0\"></span>ness a<span class=\"_ _0\"></span>nd are availab<span class=\"_ _0\"></span>le for im<span class=\"_ _0\"></span>medi<span class=\"_ _0\"></span>ate sale in t<span class=\"_ _0\"></span>heir p<span class=\"_ _0\"></span>resent c<span class=\"_ _0\"></span>ond<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n subje<span class=\"_ _0\"></span>ct to ter<span class=\"_ _0\"></span>ms that are usual a<span class=\"_ _0\"></span>nd custo<span class=\"_ _0\"></span>mar<span class=\"_ _0\"></span>y for p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es of this natu<span class=\"_ _0\"></span>re. Th<span class=\"_ _0\"></span>e indi<span class=\"_ _0\"></span>vidu<span class=\"_ _0\"></span>al prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies were b<span class=\"_ _0\"></span>eing a<span class=\"_ _0\"></span>ctive<span class=\"_ _0\"></span>ly mar<span class=\"_ _0\"></span>keted at th<span class=\"_ _0\"></span>e year e<span class=\"_ _0\"></span>nd and t<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p is com<span class=\"_ _0\"></span>mit<span class=\"_ _0\"></span>ted to it<span class=\"_ _0\"></span>s plan to sell t<span class=\"_ _0\"></span>hese p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es in an o<span class=\"_ _0\"></span>rder<span class=\"_ _0\"></span>ly ma<span class=\"_ _0\"></span>nner.<span class=\"_ _363\"> </span>13. (<span class=\"_ _2\"></span>d<span class=\"_ _2\"></span>) Inv<span class=\"_ _2\"></span>estment Properties<span class=\"_ _363\"> </span>Fair<span class=\"_ _4\"></span> Value<span class=\"_ _2\"></span> \u00a3\u2019000<span class=\"_ _363\"> </span>At 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>021<span class=\"_ _24c\"> </span><span class=\"ff84 ls89 wsd0\">12<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>8<span class=\"_ _363\"> </span></span>Fair value gains<span class=\"_ _256\"> </span><span class=\"ls13 ws22\">9,8<span class=\"_ _0\"></span>50<span class=\"_ _363\"> </span></span>Fair va<span class=\"_ _2\"></span>lu<span class=\"_ _0\"></span>e losses<span class=\"_ _257\"> </span><span class=\"lse4 wsdc\">(8<span class=\"_ _0\"></span>2)<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ransfer<span class=\"_ _0\"></span>s from p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant &amp; equip<span class=\"_ _0\"></span>ment<span class=\"_ _258\"> </span><span class=\"lsa7 ws9c\">5,9<span class=\"_ _0\"></span>00<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ransfer<span class=\"_ _0\"></span>s to prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d for sale<span class=\"_ _259\"> </span><span class=\"ls12f ws7a\">(5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>6)<span class=\"_ _363\"> </span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _25a\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _250\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _25b\"> </span><span class=\"ls97 ws88\">26,527<span class=\"_ _363\"> </span></span>Fair value gains<span class=\"_ _25c\"> </span><span class=\"ff83 lsa7 ws9c\">4,99<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _253\"> </span><span class=\"ff83 ls155 ws169\">(<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,76<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _1d2\"> </span><span class=\"ff83 ls68 ws5d\">328<span class=\"_ _363\"> </span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _25b\"> </span><span class=\"ls1a ws7d\">26,084<span class=\"_ _363\"> </span></span>Dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year, the Grou<span class=\"_ _0\"></span>p dispo<span class=\"_ _0\"></span>sed of on<span class=\"_ _0\"></span>e UK and o<span class=\"_ _0\"></span>ne Ir<span class=\"_ _0\"></span>ish invest<span class=\"_ _0\"></span>ment p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y. The total numb<span class=\"_ _0\"></span>er of invest<span class=\"_ _0\"></span>ment p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 202<span class=\"_ _0\"></span>2 was 1<span class=\"_ _2\"></span>3 (2021<span class=\"_ _2\"></span>: 15) of which six (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: seve<span class=\"_ _0\"></span>n) are located i<span class=\"_ _0\"></span>n the U<span class=\"_ _0\"></span>K and seve<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: e<span class=\"_ _0\"></span>ight) in Irela<span class=\"_ _0\"></span>nd. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies are b<span class=\"_ _0\"></span>eing h<span class=\"_ _0\"></span>eld wi<span class=\"_ _0\"></span>th a vi<span class=\"_ _0\"></span>ew to enhancing th<span class=\"_ _0\"></span>eir value.<span class=\"_ _363\"> </span>Investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties of \u00a3<span class=\"_ _0\"></span>26.<span class=\"_ _2\"></span>1 milli<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h are sep<span class=\"_ _0\"></span>arately c<span class=\"_ _0\"></span>lassif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d in no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent ass<span class=\"_ _0\"></span>ets<span class=\"_ _0\"></span>, are car<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>ed at fair va<span class=\"_ _0\"></span>lue in t<span class=\"_ _0\"></span>he fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial state<span class=\"_ _0\"></span>ments<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span> valuati<span class=\"_ _0\"></span>on tec<span class=\"_ _0\"></span>hniqu<span class=\"_ _0\"></span>es use<span class=\"_ _0\"></span>d incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d a revi<span class=\"_ _0\"></span>ew of the ma<span class=\"_ _0\"></span>rket valu<span class=\"_ _0\"></span>e of com<span class=\"_ _0\"></span>parab<span class=\"_ _0\"></span>le tr<span class=\"_ _0\"></span>ansac<span class=\"_ _0\"></span>tions t<span class=\"_ _0\"></span>hat were re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ntly c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>leted o<span class=\"_ _0\"></span>r on th<span class=\"_ _0\"></span>e marke<span class=\"_ _0\"></span>t and th<span class=\"_ _0\"></span>e ser<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es of inde<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>dent re<span class=\"_ _0\"></span>gistere<span class=\"_ _0\"></span>d prop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>ty ap<span class=\"_ _0\"></span>prais<span class=\"_ _0\"></span>ers<span class=\"_ _0\"></span>. In case<span class=\"_ _0\"></span>s where t<span class=\"_ _0\"></span>here a<span class=\"_ _0\"></span>re no re<span class=\"_ _0\"></span>cent p<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>ede<span class=\"_ _0\"></span>nt tra<span class=\"_ _0\"></span>nsact<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>, valuat<span class=\"_ _0\"></span>ions we<span class=\"_ _0\"></span>re based o<span class=\"_ _0\"></span>n est<span class=\"_ _0\"></span>imated<span class=\"_ _0\"></span> rental y<span class=\"_ _0\"></span>iel<span class=\"_ _0\"></span>ds, c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion of resi<span class=\"_ _0\"></span>dual valu<span class=\"_ _0\"></span>e and c<span class=\"_ _0\"></span>onsul<span class=\"_ _0\"></span>tatio<span class=\"_ _0\"></span>ns with e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>tern<span class=\"_ _0\"></span>al age<span class=\"_ _0\"></span>nts who have k<span class=\"_ _0\"></span>nowle<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>e of loc<span class=\"_ _0\"></span>al prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y ma<span class=\"_ _0\"></span>rkets<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>13. (<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>) F<span class=\"_ _2\"></span>air V<span class=\"_ _2\"></span>alue Hierarchy \u2013<span class=\"_ _4\"></span> Properties Held for Sale<span class=\"_ _2\"></span> Carried at F<span class=\"_ _2\"></span>air Value<span class=\"_ _2\"></span> and Inves<span class=\"_ _4\"></span>tment Properties<span class=\"_ _363\"> </span>As note<span class=\"_ _0\"></span>d in the G<span class=\"_ _0\"></span>roup\u2019s ac<span class=\"_ _0\"></span>count<span class=\"_ _0\"></span>ing po<span class=\"_ _0\"></span>lici<span class=\"_ _0\"></span>es on pa<span class=\"_ _0\"></span>ges 171<span class=\"_ _2\"></span>, prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies h<span class=\"_ _0\"></span>eld for s<span class=\"_ _0\"></span>ale are he<span class=\"_ _0\"></span>ld at th<span class=\"_ _0\"></span>e lower of car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing am<span class=\"_ _0\"></span>ount and f<span class=\"_ _0\"></span>air value l<span class=\"_ _0\"></span>ess c<span class=\"_ _0\"></span>osts<span class=\"_ _0\"></span> to sell. Inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies are c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d at fair valu<span class=\"_ _0\"></span>e. Fair valu<span class=\"_ _0\"></span>e is def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d as the p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>e that woul<span class=\"_ _0\"></span>d be re<span class=\"_ _0\"></span>cei<span class=\"_ _0\"></span>ved if t<span class=\"_ _0\"></span>he asse<span class=\"_ _0\"></span>t was sold in a<span class=\"_ _0\"></span>n orde<span class=\"_ _0\"></span>rly<span class=\"_ _0\"></span> trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en ma<span class=\"_ _0\"></span>rket pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tic<span class=\"_ _0\"></span>ipants b<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n the as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>\u2019s high<span class=\"_ _0\"></span>est and b<span class=\"_ _0\"></span>est us<span class=\"_ _0\"></span>e. Valuatio<span class=\"_ _0\"></span>ns are revi<span class=\"_ _0\"></span>ewed e<span class=\"_ _0\"></span>ach yea<span class=\"_ _0\"></span>r by the Di<span class=\"_ _0\"></span>rec<span class=\"_ _0\"></span>tors wit<span class=\"_ _0\"></span>h movem<span class=\"_ _0\"></span>ents in fai<span class=\"_ _0\"></span>r value re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnise<span class=\"_ _0\"></span>d in the i<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>me st<span class=\"_ _0\"></span>atement<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group re<span class=\"_ _0\"></span>viewe<span class=\"_ _0\"></span>d its pr<span class=\"_ _0\"></span>ope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y por<span class=\"_ _3\"></span>tfoli<span class=\"_ _0\"></span>o dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year<span class=\"_ _4\"></span>. Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies he<span class=\"_ _0\"></span>ld for sal<span class=\"_ _0\"></span>e co<span class=\"_ _0\"></span>mpr<span class=\"_ _0\"></span>ise land a<span class=\"_ _0\"></span>nd build<span class=\"_ _0\"></span>ings in a nu<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r of loc<span class=\"_ _0\"></span>ations a<span class=\"_ _0\"></span>cross t<span class=\"_ _0\"></span>he UK and Ire<span class=\"_ _0\"></span>land<span class=\"_ _0\"></span>. Investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s, c<span class=\"_ _0\"></span>ompr<span class=\"_ _0\"></span>ising l<span class=\"_ _0\"></span>and and b<span class=\"_ _0\"></span>uilding<span class=\"_ _0\"></span>s loc<span class=\"_ _0\"></span>ated in th<span class=\"_ _0\"></span>e UK an<span class=\"_ _0\"></span>d Ireland<span class=\"_ _0\"></span>, are he<span class=\"_ _0\"></span>ld for c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al appre<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>ation a<span class=\"_ _0\"></span>nd or re<span class=\"_ _0\"></span>ntal inco<span class=\"_ _0\"></span>me an<span class=\"_ _0\"></span>d are not o<span class=\"_ _0\"></span>ccup<span class=\"_ _0\"></span>ied by t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up for tr<span class=\"_ _0\"></span>ading pu<span class=\"_ _0\"></span>rpo<span class=\"_ _0\"></span>ses<span class=\"_ _0\"></span>. This als<span class=\"_ _0\"></span>o incl<span class=\"_ _0\"></span>udes p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ts of pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties w<span class=\"_ _0\"></span>hich are s<span class=\"_ _0\"></span>ub<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>let to th<span class=\"_ _0\"></span>ird par<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies held fo<span class=\"_ _0\"></span>r sale c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>rise p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es that are h<span class=\"_ _0\"></span>eld at a c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying am<span class=\"_ _0\"></span>ount of \u00a30.<span class=\"_ _0\"></span>8 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a31.4 million) and prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es he<span class=\"_ _0\"></span>ld at a fair valu<span class=\"_ _0\"></span>e of \u00a33.6 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a34.<span class=\"_ _0\"></span>8 millio<span class=\"_ _0\"></span>n<span class=\"_ _4\"></span>). Investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties are h<span class=\"_ _0\"></span>eld at a fair v<span class=\"_ _0\"></span>alue of \u00a3<span class=\"_ _0\"></span>26.<span class=\"_ _2\"></span>1 milli<span class=\"_ _0\"></span>on (2021<span class=\"_ _2\"></span>: \u00a3<span class=\"_ _0\"></span>26<span class=\"_ _0\"></span>.5 millio<span class=\"_ _0\"></span>n)<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>In gen<span class=\"_ _0\"></span>eral<span class=\"_ _0\"></span>, valuat<span class=\"_ _0\"></span>ions have b<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>n unde<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>ken having re<span class=\"_ _0\"></span>gard to c<span class=\"_ _0\"></span>ompa<span class=\"_ _0\"></span>rabl<span class=\"_ _0\"></span>e market t<span class=\"_ _0\"></span>rans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>ons be<span class=\"_ _0\"></span>twe<span class=\"_ _0\"></span>en infor<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>d mar<span class=\"_ _0\"></span>ket par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cipa<span class=\"_ _0\"></span>nts. 13. <span class=\"_ _1f2\"> </span>Property<span class=\"_ _2\"></span>, Plant and<span class=\"_ _4\"></span> Equipment, Right-of-Use A<span class=\"_ _2\"></span>sset, Properties Held for Sale <span class=\"ls2 ws0\"> </span>and Inv<span class=\"_ _2\"></span>estment Properties<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>13. (<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>) F<span class=\"_ _2\"></span>air V<span class=\"_ _2\"></span>alue Hierarchy \u2013<span class=\"_ _4\"></span> Properties Held for Sale<span class=\"_ _2\"></span> Carried at F<span class=\"_ _2\"></span>air Value<span class=\"_ _2\"></span> and Inves<span class=\"_ _4\"></span>tment Properties<span class=\"ff85 ls36 wsf\"> continued<span class=\"_ _363\"> </span></span>Due to ve<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y limi<span class=\"_ _0\"></span>ted tra<span class=\"_ _0\"></span>nsact<span class=\"_ _0\"></span>ions for p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es of a simila<span class=\"_ _0\"></span>r nature in th<span class=\"_ _0\"></span>e UK an<span class=\"_ _0\"></span>d Irelan<span class=\"_ _0\"></span>d, th<span class=\"_ _0\"></span>e valuati<span class=\"_ _0\"></span>ons of a num<span class=\"_ _0\"></span>ber of pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s were co<span class=\"_ _0\"></span>mple<span class=\"_ _0\"></span>ted using oth<span class=\"_ _0\"></span>er me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>ds. T<span class=\"_ _0\"></span>hes<span class=\"_ _0\"></span>e valuati<span class=\"_ _0\"></span>ons were d<span class=\"_ _0\"></span>eter<span class=\"_ _0\"></span>mine<span class=\"_ _0\"></span>d intern<span class=\"_ _0\"></span>ally wi<span class=\"_ _0\"></span>th refere<span class=\"_ _0\"></span>nce to lo<span class=\"_ _0\"></span>cal k<span class=\"_ _0\"></span>nowl<span class=\"_ _0\"></span>edg<span class=\"_ _0\"></span>e, valuat<span class=\"_ _0\"></span>ion te<span class=\"_ _0\"></span>chniq<span class=\"_ _0\"></span>ues an<span class=\"_ _0\"></span>d the e<span class=\"_ _0\"></span>xercise of judg<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt followin<span class=\"_ _0\"></span>g consu<span class=\"_ _0\"></span>ltati<span class=\"_ _0\"></span>on wi<span class=\"_ _0\"></span>th pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ty ad<span class=\"_ _0\"></span>vise<span class=\"_ _0\"></span>rs wit<span class=\"_ _0\"></span>h rec<span class=\"_ _0\"></span>ent ex<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>nce of th<span class=\"_ _0\"></span>e loc<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n and natu<span class=\"_ _0\"></span>re of the pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties b<span class=\"_ _0\"></span>eing val<span class=\"_ _0\"></span>ued to<span class=\"_ _0\"></span>get<span class=\"_ _0\"></span>her with t<span class=\"_ _0\"></span>he valu<span class=\"_ _0\"></span>ation of c<span class=\"_ _0\"></span>ompa<span class=\"_ _0\"></span>rabl<span class=\"_ _0\"></span>e prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies liste<span class=\"_ _0\"></span>d in the m<span class=\"_ _0\"></span>arket<span class=\"_ _0\"></span>plac<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y valu<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns are de<span class=\"_ _0\"></span>rive<span class=\"_ _0\"></span>d from d<span class=\"_ _0\"></span>ata whi<span class=\"_ _0\"></span>ch is not pu<span class=\"_ _0\"></span>blicl<span class=\"_ _0\"></span>y availabl<span class=\"_ _0\"></span>e and for t<span class=\"_ _0\"></span>hese re<span class=\"_ _0\"></span>asons<span class=\"_ _0\"></span>, the v<span class=\"_ _0\"></span>aluati<span class=\"_ _0\"></span>ons of the G<span class=\"_ _0\"></span>roup\u2019s pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ty p<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>folio<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>is classi<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>ed as le<span class=\"_ _0\"></span>vel 3 as def<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>d by IFR<span class=\"_ _0\"></span>S 1<span class=\"_ _2\"></span>3.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e following is a s<span class=\"_ _0\"></span>ummar<span class=\"_ _3\"></span>y of valuatio<span class=\"_ _0\"></span>n met<span class=\"_ _0\"></span>hod<span class=\"_ _0\"></span>s used i<span class=\"_ _0\"></span>n relati<span class=\"_ _0\"></span>on to the G<span class=\"_ _0\"></span>roup\u2019s hel<span class=\"_ _0\"></span>d for sale a<span class=\"_ _0\"></span>nd invest<span class=\"_ _0\"></span>ment p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es whic<span class=\"_ _0\"></span>h are ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>ied at<span class=\"_ _363\"> </span>fair value:<span class=\"_ _363\"> </span>At 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2<span class=\"_ _363\"> </span>Independent valuations<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Comparable ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t transactions \u00a3\u2019000<span class=\"_ _363\"> </span>Of<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>s from third par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal 2022 \u00a3\u2019000<span class=\"_ _363\"> </span>Pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es H<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for S<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _363\"> </span>Distribution segme<span class=\"_ _0\"></span>nt<span class=\"_ _155\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _181\"> </span><span class=\"ls13 ws22\">3,60<span class=\"_ _0\"></span>2<span class=\"_ _e7\"> </span></span>\u2013<span class=\"_ _181\"> </span><span class=\"ls13 ws22\">3,60<span class=\"_ _0\"></span>2<span class=\"_ _363\"> </span></span></span>Independent valuations<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Comparable ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t transactions \u00a3\u2019000<span class=\"_ _363\"> </span>Other methods \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal 2022 \u00a3\u2019000<span class=\"_ _363\"> </span>Inv<span class=\"_ _4\"></span>estment Proper<span class=\"_ _0\"></span>ties<span class=\"_ _363\"> </span>Distribution segme<span class=\"_ _0\"></span>nt<span class=\"_ _25d\"> </span><span class=\"ff83 ls6c ws61\">1<span class=\"_ _2\"></span>4,862<span class=\"_ _6e\"> </span><span class=\"ls146 ws155\">7,<span class=\"_ _0\"></span>6<span class=\"_ _34\"></span>8<span class=\"_ _3\"></span>0<span class=\"_ _79\"> </span><span class=\"ff84 ls2 ws0\">\u2013<span class=\"_ _20\"> </span></span><span class=\"ls18 ws12\">22,5<span class=\"_ _0\"></span>42<span class=\"_ _363\"> </span></span></span></span>Manufacturing segment<span class=\"_ _14d\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _131\"> </span><span class=\"ls78 ws6b\">2,<span class=\"_ _0\"></span>336<span class=\"_ _46\"> </span><span class=\"ls22 ws66\">1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>6<span class=\"_ _6e\"> </span><span class=\"ls18 ws12\">3,542<span class=\"_ _363\"> </span></span></span></span></span>To<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _14a\"> </span><span class=\"ff83 ls6c ws61\">1<span class=\"_ _2\"></span>4,862<span class=\"_ _11a\"> </span><span class=\"lsdd ws3b\">10<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>16<span class=\"_ _6d\"> </span><span class=\"ls22 ws66\">1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>6<span class=\"_ _5b\"> </span><span class=\"ls1a ws7d\">26,08<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span></span></span></span>At 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>021<span class=\"_ _363\"> </span>Independent valuations<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Comparable ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t transactions \u00a3\u2019000<span class=\"_ _363\"> </span>Of<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>s from third par<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal 20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es H<span class=\"_ _0\"></span>el<span class=\"_ _0\"></span>d for S<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e<span class=\"_ _363\"> </span>Distribution segme<span class=\"_ _0\"></span>nt<span class=\"_ _155\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _a3\"> </span><span class=\"ls144 ws152\">4<span class=\"_ _0\"></span>,75<span class=\"_ _3\"></span>7<span class=\"_ _e7\"> </span></span>\u2013<span class=\"_ _a3\"> </span><span class=\"ls144 ws152\">4<span class=\"_ _3\"></span>,75<span class=\"_ _0\"></span>7<span class=\"_ _363\"> </span></span></span>Independent valuations<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Comparable ma<span class=\"_ _0\"></span>rke<span class=\"_ _0\"></span>t transactions<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Other <span class=\"ls2 ws0\"> </span>methods \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal 20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Inv<span class=\"_ _4\"></span>estment Proper<span class=\"_ _0\"></span>ties<span class=\"_ _363\"> </span>Distribution segme<span class=\"_ _0\"></span>nt<span class=\"_ _246\"> </span><span class=\"ls19 ws13\">15<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>0<span class=\"_ _112\"> </span><span class=\"ls16 ws10c\">7<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>421<span class=\"_ _128\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _63\"> </span><span class=\"ls132 ws146\">2<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,17<span class=\"_ _3\"></span>1<span class=\"_ _363\"> </span></span></span></span></span>Manufacturing segment<span class=\"_ _14d\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _a3\"> </span><span class=\"lse0 wsd7\">2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>13<span class=\"_ _ce\"> </span><span class=\"ls132 ws146\">1,14<span class=\"_ _34\"> </span>3<span class=\"_ _60\"> </span></span></span></span><span class=\"ws3d\">3,356<span class=\"_ _363\"> </span></span>To<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _192\"> </span><span class=\"ls19 ws13\">15<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>0<span class=\"_ _a3\"> </span><span class=\"ls13 ws22\">9,6<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>4<span class=\"_ _112\"> </span><span class=\"ls132 ws146\">1,14<span class=\"_ _34\"></span>3<span class=\"_ _126\"> </span><span class=\"ls0 ws77\">26,<span class=\"_ _0\"></span>527<span class=\"_ _363\"> </span></span></span></span></span>Th<span class=\"_ _0\"></span>e following t<span class=\"_ _0\"></span>able s<span class=\"_ _0\"></span>hows a rec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ciliati<span class=\"_ _0\"></span>on fro<span class=\"_ _0\"></span>m the o<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>ing bala<span class=\"_ _0\"></span>nce to th<span class=\"_ _0\"></span>e clos<span class=\"_ _0\"></span>ing 20<span class=\"_ _0\"></span>22 b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e for leve<span class=\"_ _0\"></span>l 3 fair valu<span class=\"_ _0\"></span>es:<span class=\"_ _363\"> </span>Proper<span class=\"_ _0\"></span>ties he<span class=\"_ _0\"></span>ld f<span class=\"_ _0\"></span>or s<span class=\"_ _0\"></span>al<span class=\"_ _0\"></span>e 2022 \u00a3\u2019000<span class=\"_ _363\"> </span>Investment proper<span class=\"_ _0\"></span>ties 2022 \u00a3\u2019000<span class=\"_ _363\"> </span>Bala<span class=\"_ _0\"></span>nce at b<span class=\"_ _0\"></span>egin<span class=\"_ _0\"></span>ning of year<span class=\"_ _25e\"> </span><span class=\"ff83 ls97 ws88\">6,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>25<span class=\"_ _20\"> </span>26,527<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>ransfer<span class=\"_ _0\"></span>s to prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and equ<span class=\"_ _0\"></span>ipme<span class=\"_ _0\"></span>nt<span class=\"_ _25f\"> </span><span class=\"ff83 ls157 ws16b\">(4<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3)<span class=\"_ _22\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _260\"> </span><span class=\"ff83 ls22 ws66\">(<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>9)<span class=\"_ _5b\"> </span><span class=\"ls155 ws169\">(5<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span></span></span>Fair value g<span class=\"_ _0\"></span>ains and l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s*<span class=\"_ _f2\"> </span><span class=\"ls2\">\u2013<span class=\"_ _66\"> </span><span class=\"ff83 lsa7 ws9c\">4<span class=\"_ _0\"></span>,99<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span></span>Fore<span class=\"_ _0\"></span>ign exch<span class=\"_ _0\"></span>ange m<span class=\"_ _0\"></span>oveme<span class=\"_ _0\"></span>nt<span class=\"_ _24d\"> </span><span class=\"ff83 ls33 ws29\">2<span class=\"_ _0\"></span>11<span class=\"_ _11\"> </span><span class=\"ls68 ws5d\">328<span class=\"_ _363\"> </span></span></span>Ba<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e at e<span class=\"_ _0\"></span>nd of ye<span class=\"_ _0\"></span>ar<span class=\"_ _261\"> </span><span class=\"ls78 ws6b\">4,364<span class=\"_ _20\"> </span><span class=\"ls1a ws7d\">26,0<span class=\"_ _0\"></span>84<span class=\"_ _363\"> </span></span></span>Rec<span class=\"_ _0\"></span>orde<span class=\"_ _0\"></span>d at fair val<span class=\"_ _0\"></span>ue<span class=\"_ _262\"> </span><span class=\"ff83 ls13 ws22\">3,60<span class=\"_ _0\"></span>2<span class=\"_ _20\"> </span><span class=\"ls1a ws7d\">26,08<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span></span>Rec<span class=\"_ _0\"></span>orde<span class=\"_ _0\"></span>d at co<span class=\"_ _0\"></span>st<span class=\"_ _228\"> </span><span class=\"ff83 ls14 wsb9\">762<span class=\"_ _e7\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span></span>T<span class=\"_ _2\"></span>otal<span class=\"_ _263\"> </span><span class=\"ls78 ws6b\">4,364<span class=\"_ _20\"> </span><span class=\"ls1a ws7d\">26,0<span class=\"_ _0\"></span>84<span class=\"_ _363\"> </span></span></span>*  <span class=\"_ _32\"> </span>D<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ing 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, a fai<span class=\"_ _0\"></span>r valu<span class=\"_ _0\"></span>e gai<span class=\"_ _0\"></span>n of \u00a35.<span class=\"_ _0\"></span>0 milli<span class=\"_ _0\"></span>on wa<span class=\"_ _0\"></span>s rec<span class=\"_ _0\"></span>og<span class=\"_ _0\"></span>nis<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n six p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. T<span class=\"_ _0\"></span>hre<span class=\"_ _0\"></span>e of th<span class=\"_ _0\"></span>ese we<span class=\"_ _0\"></span>re pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies w<span class=\"_ _0\"></span>hic<span class=\"_ _0\"></span>h wer<span class=\"_ _0\"></span>e ret<span class=\"_ _0\"></span>aine<span class=\"_ _0\"></span>d by t<span class=\"_ _0\"></span>he Gr<span class=\"_ _0\"></span>oup fo<span class=\"_ _0\"></span>llow<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent to dive<span class=\"_ _0\"></span>st t<span class=\"_ _0\"></span>he tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l mer<span class=\"_ _0\"></span>cha<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>ng bu<span class=\"_ _0\"></span>sine<span class=\"_ _0\"></span>ss in G<span class=\"_ _0\"></span>rea<span class=\"_ _0\"></span>t Bri<span class=\"_ _0\"></span>ta<span class=\"_ _0\"></span>in. T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se t<span class=\"_ _0\"></span>hre<span class=\"_ _0\"></span>e pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es hav<span class=\"_ _0\"></span>e a fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of \u00a314.9 milli<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e valu<span class=\"_ _0\"></span>e of th<span class=\"_ _0\"></span>ese p<span class=\"_ _0\"></span>ro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>tie<span class=\"_ _0\"></span>s were u<span class=\"_ _0\"></span>pli<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ted by \u00a34<span class=\"_ _0\"></span>.2 mi<span class=\"_ _0\"></span>llio<span class=\"_ _0\"></span>n in 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2. A<span class=\"_ _0\"></span>n ad<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al fai<span class=\"_ _0\"></span>r val<span class=\"_ _0\"></span>ue ga<span class=\"_ _0\"></span>in of \u00a30<span class=\"_ _0\"></span>.8 mi<span class=\"_ _0\"></span>llio<span class=\"_ _0\"></span>n was al<span class=\"_ _0\"></span>so re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gni<span class=\"_ _0\"></span>sed o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>ree I<span class=\"_ _0\"></span>ris<span class=\"_ _0\"></span>h inve<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>tie<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>13. <span class=\"_ _1f2\"> </span>Property<span class=\"_ _2\"></span>, Plant and<span class=\"_ _4\"></span> Equipment, Right-of-Use A<span class=\"_ _2\"></span>sset, Properties Held for Sale <span class=\"ls2 ws0\"> </span>and Inv<span class=\"_ _2\"></span>estment Properties<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>13. (<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>) F<span class=\"_ _2\"></span>air V<span class=\"_ _2\"></span>alue Hierarchy \u2013<span class=\"_ _4\"></span> Properties Held for Sale<span class=\"_ _2\"></span> Carried at F<span class=\"_ _2\"></span>air Value<span class=\"_ _2\"></span> and Inves<span class=\"_ _4\"></span>tment Properties<span class=\"ff85 ls36 wsf\"> continued<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e following t<span class=\"_ _0\"></span>able s<span class=\"_ _0\"></span>hows a rec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ciliati<span class=\"_ _0\"></span>on fro<span class=\"_ _0\"></span>m the o<span class=\"_ _0\"></span>pen<span class=\"_ _0\"></span>ing bala<span class=\"_ _0\"></span>nce to th<span class=\"_ _0\"></span>e clos<span class=\"_ _0\"></span>ing 20<span class=\"_ _0\"></span>21 balanc<span class=\"_ _0\"></span>e for leve<span class=\"_ _0\"></span>l 3 fair valu<span class=\"_ _0\"></span>es:<span class=\"_ _363\"> </span>Properties held for<span class=\"_ _2\"></span> sale 20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Investment properties 20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Bala<span class=\"_ _0\"></span>nce at b<span class=\"_ _0\"></span>egin<span class=\"_ _0\"></span>ning of year<span class=\"_ _1ae\"> </span><span class=\"lsdd ws3b\">18<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>8<span class=\"_ _126\"> </span><span class=\"ls89 wsd0\">12<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>8<span class=\"_ _363\"> </span></span></span>T<span class=\"_ _2\"></span>ransfer<span class=\"_ _0\"></span>s from p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and equ<span class=\"_ _0\"></span>ipme<span class=\"_ _0\"></span>nt<span class=\"_ _18e\"> </span><span class=\"lsa2 ws97\">324<span class=\"_ _6d\"> </span><span class=\"lsa7 ws9c\">5,9<span class=\"_ _0\"></span>00<span class=\"_ _363\"> </span></span></span>T<span class=\"_ _2\"></span>ransfer<span class=\"_ _0\"></span>s to prope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s hel<span class=\"_ _0\"></span>d for sale<span class=\"_ _264\"> </span><span class=\"ls106 wsf9\">546<span class=\"_ _71\"> </span><span class=\"ls12f ws7a\">(5<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>6)<span class=\"_ _363\"> </span></span></span>Disp<span class=\"_ _0\"></span>osals<span class=\"_ _1d1\"> </span><span class=\"lsdf wsd6\">(<span class=\"_ _3\"></span>11<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _ce\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span>Fair value g<span class=\"_ _0\"></span>ains and l<span class=\"_ _0\"></span>osse<span class=\"_ _0\"></span>s*<span class=\"_ _f2\"> </span><span class=\"ls2\">\u2013<span class=\"_ _a3\"> </span><span class=\"ls144 ws152\">9,7<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span></span>Fore<span class=\"_ _0\"></span>ign exch<span class=\"_ _0\"></span>ange m<span class=\"_ _0\"></span>oveme<span class=\"_ _0\"></span>nt<span class=\"_ _25e\"> </span><span class=\"ls15d ws1a\">(888<span class=\"_ _2\"></span>)<span class=\"_ _60\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _3\"></span>87<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span></span>Bala<span class=\"_ _0\"></span>nce at e<span class=\"_ _0\"></span>nd of year<span class=\"_ _17c\"> </span><span class=\"ls132 ws146\">6<span class=\"_ _3\"></span>,12<span class=\"_ _3\"></span>5<span class=\"_ _126\"> </span></span><span class=\"ws77\">26,52<span class=\"_ _0\"></span>7<span class=\"_ _363\"> </span></span>Rec<span class=\"_ _0\"></span>orde<span class=\"_ _0\"></span>d at fair val<span class=\"_ _0\"></span>ue<span class=\"_ _265\"> </span><span class=\"ls144 ws152\">4<span class=\"_ _0\"></span>,75<span class=\"_ _3\"></span>7<span class=\"_ _5d\"> </span></span><span class=\"ws77\">26,<span class=\"_ _0\"></span>527<span class=\"_ _363\"> </span></span>Rec<span class=\"_ _0\"></span>orde<span class=\"_ _0\"></span>d at co<span class=\"_ _0\"></span>st<span class=\"_ _266\"> </span><span class=\"lsdd ws3b\">1,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>8<span class=\"_ _79\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _363\"> </span></span>To<span class=\"_ _3\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _267\"> </span><span class=\"ls132 ws146\">6<span class=\"_ _3\"></span>,12<span class=\"_ _0\"></span>5<span class=\"_ _126\"> </span><span class=\"ls0 ws77\">26<span class=\"_ _0\"></span>,52<span class=\"_ _0\"></span>7<span class=\"_ _363\"> </span></span></span>*  <span class=\"_ _32\"> </span>D<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ing 2<span class=\"_ _0\"></span>021, a fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e gain of \u00a3<span class=\"_ _0\"></span>9.9 m<span class=\"_ _0\"></span>illi<span class=\"_ _0\"></span>on was r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>ogn<span class=\"_ _0\"></span>ise<span class=\"_ _0\"></span>d on f<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>e pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s whi<span class=\"_ _0\"></span>ch we<span class=\"_ _0\"></span>re tr<span class=\"_ _0\"></span>ans<span class=\"_ _0\"></span>fer<span class=\"_ _0\"></span>red to i<span class=\"_ _0\"></span>nves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies d<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>ing t<span class=\"_ _0\"></span>he pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>. Fo<span class=\"_ _0\"></span>ur of th<span class=\"_ _0\"></span>ese w<span class=\"_ _0\"></span>ere p<span class=\"_ _0\"></span>rop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span> whi<span class=\"_ _0\"></span>ch we<span class=\"_ _0\"></span>re ret<span class=\"_ _0\"></span>ain<span class=\"_ _0\"></span>ed by t<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p foll<span class=\"_ _0\"></span>owin<span class=\"_ _0\"></span>g the a<span class=\"_ _0\"></span>gre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent to d<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>st th<span class=\"_ _0\"></span>e tr<span class=\"_ _0\"></span>adi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal m<span class=\"_ _0\"></span>erc<span class=\"_ _0\"></span>ha<span class=\"_ _0\"></span>ntin<span class=\"_ _0\"></span>g bus<span class=\"_ _0\"></span>ine<span class=\"_ _0\"></span>ss in G<span class=\"_ _0\"></span>reat B<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n. T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>se fou<span class=\"_ _0\"></span>r pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es hav<span class=\"_ _0\"></span>e a fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e of \u00a31<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>.75 mill<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>. A ne<span class=\"_ _0\"></span>t fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e los<span class=\"_ _0\"></span>s of \u00a30.1 millio<span class=\"_ _0\"></span>n was als<span class=\"_ _0\"></span>o re<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>gnis<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n tw<span class=\"_ _0\"></span>o Iri<span class=\"_ _0\"></span>sh inve<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>men<span class=\"_ _0\"></span>t pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>V<span class=\"_ _2\"></span>alu<span class=\"_ _0\"></span>ation T<span class=\"_ _2\"></span>echniques and<span class=\"_ _4\"></span> Significant Unobserv<span class=\"_ _4\"></span>able Inputs<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e following t<span class=\"_ _0\"></span>able<span class=\"_ _0\"></span>s show th<span class=\"_ _0\"></span>e valuat<span class=\"_ _0\"></span>ion tec<span class=\"_ _0\"></span>hniq<span class=\"_ _0\"></span>ues us<span class=\"_ _0\"></span>ed in me<span class=\"_ _0\"></span>asuri<span class=\"_ _0\"></span>ng the fa<span class=\"_ _0\"></span>ir value of pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s held fo<span class=\"_ _0\"></span>r sale an<span class=\"_ _0\"></span>d investm<span class=\"_ _0\"></span>ent pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s and th<span class=\"_ _0\"></span>e signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant un<span class=\"_ _0\"></span>obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>e inpu<span class=\"_ _0\"></span>ts use<span class=\"_ _0\"></span>d. Wh<span class=\"_ _0\"></span>ere ma<span class=\"_ _0\"></span>rket tr<span class=\"_ _0\"></span>ansac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns are pres<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>, the c<span class=\"_ _0\"></span>ompa<span class=\"_ _0\"></span>rabl<span class=\"_ _0\"></span>e mar<span class=\"_ _0\"></span>ket trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>d is use<span class=\"_ _0\"></span>d for land a<span class=\"_ _0\"></span>nd buildin<span class=\"_ _0\"></span>gs hel<span class=\"_ _0\"></span>d for sale o<span class=\"_ _0\"></span>r cap<span class=\"_ _0\"></span>ital a<span class=\"_ _0\"></span>ppre<span class=\"_ _0\"></span>ciati<span class=\"_ _0\"></span>on.<span class=\"_ _363\"> </span>Properties Held for Sale<span class=\"_ _363\"> </span>Valuation<span class=\"_ _2\"></span> technique<span class=\"_ _268\"> </span><span class=\"lsf6 wsef\">Significant unobservable inputs<span class=\"_ _363\"> </span></span>Inter-relationship<span class=\"_ _2\"></span> between key<span class=\"_ _2\"></span> unobser<span class=\"_ _0\"></span>vable inputs <span class=\"_ _2\"></span><span class=\"ls2 ws0\"> </span>an<span class=\"_ _0\"></span>d fa<span class=\"_ _0\"></span>ir va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _363\"> </span>Comparable mark<span class=\"_ _2\"></span>et transactions <span class=\"_ _2\"></span><span class=\"ls2 ws0\"> </span>\u2013 pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e pe<span class=\"_ _0\"></span>r sq<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>re me<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>e:<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e value is bas<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n com<span class=\"_ _0\"></span>parab<span class=\"_ _0\"></span>le mar<span class=\"_ _0\"></span>ket transa<span class=\"_ _4\"></span>ctions<span class=\"_ _2\"></span> af<span class=\"_ _0\"></span>ter<span class=\"_ _4\"></span> discu<span class=\"_ _2\"></span>ssion with i<span class=\"_ _2\"></span>ndependent age<span class=\"_ _0\"></span>nts and<span class=\"_ _0\"></span>/<span class=\"_ _4\"></span>or wit<span class=\"_ _0\"></span>h referen<span class=\"_ _0\"></span>ce to othe<span class=\"_ _0\"></span>r inf<span class=\"_ _4\"></span>ormation sources.<span class=\"_ _363\"> </span>UK Urban<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>able d<span class=\"_ _0\"></span>evel<span class=\"_ _0\"></span>opm<span class=\"_ _0\"></span>ent lan<span class=\"_ _0\"></span>d pric<span class=\"_ _0\"></span>es of </span>\u00a33.<span class=\"_ _0\"></span>8m p<span class=\"_ _0\"></span>er ac<span class=\"_ _0\"></span>re.<span class=\"_ _363\"> </span>Ire<span class=\"_ _0\"></span>la<span class=\"_ _0\"></span>nd \u2013 U<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ba<span class=\"_ _0\"></span>n (majo<span class=\"_ _0\"></span>r ci<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s)<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"lsf ws0\">Co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>able i<span class=\"_ _0\"></span>ndust<span class=\"_ _0\"></span>rial o<span class=\"_ _0\"></span>r deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span> <span class=\"ls2\"> </span></span>land pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es of \u00a326<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>,00<span class=\"_ _0\"></span>0 pe<span class=\"_ _0\"></span>r acre.<span class=\"_ _363\"> </span>The estimated fair<span class=\"_ _2\"></span> value would increase/<span class=\"_ _363\"> </span>(<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>ecrease) if:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"lsc ws10\">Compar<span class=\"_ _0\"></span>able market prices <span class=\"ls2 ws0\"> </span></span>per sq<span class=\"_ _0\"></span>uare me<span class=\"_ _0\"></span>tre were hi<span class=\"_ _0\"></span>ghe<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>/(l<span class=\"_ _0\"></span>ower).<span class=\"_ _363\"> </span>13. <span class=\"_ _1f2\"> </span>Property<span class=\"_ _2\"></span>, Plant and<span class=\"_ _4\"></span> Equipment, Right-of-Use A<span class=\"_ _2\"></span>sset, Properties Held for Sale <span class=\"ls2 ws0\"> </span>and Inv<span class=\"_ _2\"></span>estment Properties<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>13. (<span class=\"_ _2\"></span>e<span class=\"_ _2\"></span>) F<span class=\"_ _2\"></span>air V<span class=\"_ _2\"></span>alue Hierarchy \u2013<span class=\"_ _4\"></span> Properties Held for Sale<span class=\"_ _2\"></span> Carried at F<span class=\"_ _2\"></span>air Value<span class=\"_ _2\"></span> and Inves<span class=\"_ _4\"></span>tment Properties<span class=\"ff85 ls36 wsf\"> continued<span class=\"_ _363\"> </span></span>Inv<span class=\"_ _2\"></span>estment Properties<span class=\"_ _363\"> </span>Valuation<span class=\"_ _2\"></span> technique<span class=\"_ _268\"> </span><span class=\"lsf6 wsef\">Significant unobservable inputs<span class=\"_ _363\"> </span></span>Inter-relationship<span class=\"_ _2\"></span> between key<span class=\"_ _2\"></span> unobser<span class=\"_ _0\"></span>vable inputs <span class=\"_ _2\"></span><span class=\"ls2 ws0\"> </span>an<span class=\"_ _0\"></span>d fa<span class=\"_ _0\"></span>ir va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e me<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _363\"> </span>Comparable mark<span class=\"_ _2\"></span>et transactions<span class=\"_ _363\"> </span>\u2013 pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e pe<span class=\"_ _0\"></span>r sq<span class=\"_ _0\"></span>ua<span class=\"_ _0\"></span>re me<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>e:<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e value is bas<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n com<span class=\"_ _0\"></span>parab<span class=\"_ _0\"></span>le mar<span class=\"_ _0\"></span>ket<span class=\"_ _363\"> </span> transa<span class=\"_ _4\"></span>ctions<span class=\"_ _2\"></span> af<span class=\"_ _0\"></span>ter<span class=\"_ _4\"></span> discu<span class=\"_ _2\"></span>ssion with i<span class=\"_ _2\"></span>ndependent<span class=\"_ _363\"> </span> regis<span class=\"_ _0\"></span>tered pro<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y appr<span class=\"_ _0\"></span>aiser<span class=\"_ _0\"></span>s and<span class=\"_ _0\"></span>/<span class=\"_ _4\"></span>or wit<span class=\"_ _0\"></span>h<span class=\"_ _363\"> </span> referen<span class=\"_ _0\"></span>ce to othe<span class=\"_ _0\"></span>r inform<span class=\"_ _0\"></span>ation s<span class=\"_ _0\"></span>ourc<span class=\"_ _0\"></span>es.<span class=\"_ _363\"> </span>Ireland<span class=\"_ _2\"></span> \u2013 Urban<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ls2 ws3\"> <span class=\"_ _31\"></span>C<span class=\"_ _0\"></span>omparable o<span class=\"_ _2\"></span>f<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ice market<span class=\"_ _2\"></span> pr<span class=\"_ _0\"></span>ices <span class=\"ws0\"> </span></span>of \u00a323<span class=\"_ _0\"></span>9 pe<span class=\"_ _0\"></span>r square m<span class=\"_ _0\"></span>etre<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>(2021<span class=\"_ _2\"></span>: \u00a3<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>6 \u2013 \u00a31<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>28<span class=\"_ _0\"></span>3 pe<span class=\"_ _0\"></span>r square m<span class=\"_ _0\"></span>etre).<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>able wa<span class=\"_ _0\"></span>reho<span class=\"_ _0\"></span>use mar<span class=\"_ _0\"></span>ket pr<span class=\"_ _0\"></span>ice<span class=\"_ _0\"></span>s of<span class=\"_ _363\"> </span></span><span class=\"ws0\"> </span>\u00a32<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 \u2013 \u00a31<span class=\"_ _2\"></span>,0<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>8 pe<span class=\"_ _0\"></span>r square m<span class=\"_ _0\"></span>etre (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a3210<span class=\"_ _363\"> </span> \u2013 \u00a38<span class=\"_ _0\"></span>37 pe<span class=\"_ _0\"></span>r square m<span class=\"_ _0\"></span>etre).<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ls2 ws3\">Comparable agricultural<span class=\"_ _4\"></span> land mark<span class=\"_ _2\"></span>et prices <span class=\"ws0\"> </span></span>of \u00a31<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,973 pe<span class=\"_ _0\"></span>r acre (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a31<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>4 per ac<span class=\"_ _0\"></span>re).<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ls47 wsf\">Comparable industrial land price <span class=\"ls2 ws0\"> </span></span>of \u00a38<span class=\"_ _0\"></span>8,6<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>\u00a3<span class=\"_ _0\"></span>33<span class=\"_ _0\"></span>9,<span class=\"_ _0\"></span>00<span class=\"_ _0\"></span>0 pe<span class=\"_ _0\"></span>r acre (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a38<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>80<span class=\"_ _363\"> </span> per a<span class=\"_ _0\"></span>cre).<span class=\"_ _363\"> </span>Ireland \u2013 Regional<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"lsc ws10\">Compar<span class=\"_ _0\"></span>able warehouse market prices <span class=\"ls2 ws0\"> </span></span>of \u00a332<span class=\"_ _0\"></span>3 \u2013 \u00a3529 pe<span class=\"_ _0\"></span>r squa<span class=\"_ _0\"></span>re met<span class=\"_ _0\"></span>re <span class=\"ls2\"> </span>(2021<span class=\"_ _2\"></span>: \u00a31<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>0\u2013 \u00a331<span class=\"_ _2\"></span>5 p<span class=\"_ _0\"></span>er squ<span class=\"_ _0\"></span>are met<span class=\"_ _0\"></span>re).<span class=\"_ _363\"> </span>UK \u2013 Re<span class=\"_ _0\"></span>gi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>al (excl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g ma<span class=\"_ _0\"></span>jo<span class=\"_ _0\"></span>r ci<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s)<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"lsc ws10\">Compar<span class=\"_ _0\"></span>able warehouse market price <span class=\"ls2 ws0\"> </span></span>of \u00a335<span class=\"_ _0\"></span>0 per s<span class=\"_ _0\"></span>quare m<span class=\"_ _0\"></span>etre <span class=\"ls2\"> </span>(2021<span class=\"_ _2\"></span>: \u00a3<span class=\"_ _0\"></span>350 p<span class=\"_ _0\"></span>er squ<span class=\"_ _0\"></span>are met<span class=\"_ _0\"></span>re).<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>able re<span class=\"_ _0\"></span>side<span class=\"_ _0\"></span>ntial ma<span class=\"_ _0\"></span>rket pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es<span class=\"_ _363\"> </span></span><span class=\"ws0\"> </span>of dilapid<span class=\"_ _0\"></span>ated resid<span class=\"_ _0\"></span>entia<span class=\"_ _0\"></span>l in the re<span class=\"_ _0\"></span>gio<span class=\"_ _0\"></span>n of<span class=\"_ _363\"> </span> \u00a350<span class=\"_ _2\"></span>,000 (<span class=\"_ _2\"></span>2021<span class=\"_ _5\"></span>: \u00a350<span class=\"_ _2\"></span>,000)<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>able i<span class=\"_ _0\"></span>ndust<span class=\"_ _0\"></span>rial o<span class=\"_ _0\"></span>r deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>ment la<span class=\"_ _0\"></span>nd<span class=\"_ _363\"> </span></span><span class=\"ws0\"> </span>bet<span class=\"_ _0\"></span>wee<span class=\"_ _0\"></span>n \u00a31<span class=\"_ _2\"></span>50<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>00 \u2013 \u00a35<span class=\"_ _0\"></span>87<span class=\"_ _2\"></span>,0<span class=\"_ _0\"></span>00 p<span class=\"_ _0\"></span>er ac<span class=\"_ _0\"></span>re.<span class=\"_ _363\"> </span>UK \u2013<span class=\"_ _2\"></span> Urban<span class=\"_ _363\"> </span> \u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>able m<span class=\"_ _0\"></span>arket p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>es for d<span class=\"_ _0\"></span>evelo<span class=\"_ _0\"></span>pme<span class=\"_ _0\"></span>nt<span class=\"_ _363\"> </span></span><span class=\"ws0\"> </span>sites of \u00a31<span class=\"_ _2\"></span>.5 milli<span class=\"_ _0\"></span>on \u2013 \u00a37<span class=\"_ _2\"></span>.4 milli<span class=\"_ _0\"></span>on pe<span class=\"_ _0\"></span>r acre<span class=\"_ _0\"></span> (2021<span class=\"_ _2\"></span>: \u00a30.6 mil<span class=\"_ _0\"></span>lion \u2013 4<span class=\"_ _0\"></span>.5 millio<span class=\"_ _0\"></span>n)<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span> The estimated fair<span class=\"_ _2\"></span> value would increase/<span class=\"_ _363\"> </span> (<span class=\"_ _2\"></span>d<span class=\"_ _0\"></span>ecrease) if:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Co<span class=\"_ _0\"></span>mpar<span class=\"_ _0\"></span>able m<span class=\"_ _0\"></span>arket p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>es pe<span class=\"_ _0\"></span>r square m<span class=\"_ _0\"></span>etre<span class=\"_ _0\"></span> </span>were<span class=\"_ _2\"></span> higher<span class=\"_ _2\"></span>/(low<span class=\"_ _2\"></span>er).<span class=\"ff83 ls2 ws0\"> </span>Independe<span class=\"_ _0\"></span>nt valuations<span class=\"_ _2\"></span>:<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e value is bas<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n the op<span class=\"_ _0\"></span>inio<span class=\"_ _0\"></span>n of <span class=\"ls2\"> </span>independen<span class=\"_ _4\"></span>t regi<span class=\"_ _2\"></span>stered pr<span class=\"_ _2\"></span>oper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y appra<span class=\"_ _2\"></span>isers<span class=\"_ _363\"> </span>UK<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>ree (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: four) pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ties we<span class=\"_ _0\"></span>re value<span class=\"_ _0\"></span>d by<span class=\"_ _363\"> </span></span><span class=\"ws0\"> </span>independen<span class=\"_ _4\"></span>t property apprais<span class=\"_ _4\"></span>ers in<span class=\"_ _2\"></span> D<span class=\"_ _0\"></span>ecember<span class=\"_ _363\"> </span> 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>. The tota<span class=\"_ _0\"></span>l value was \u00a314.9 million (2021<span class=\"_ _2\"></span>:<span class=\"_ _0\"></span> \u00a31<span class=\"_ _2\"></span>5.8 m<span class=\"_ _0\"></span>illion).<span class=\"_ _363\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-625": {
   "value": "14.  Other Financial Assets Other  Investments  \u00a3\u2019000 At 1 January 2021 128 Translation adjustment (2) At 31 December 2021 126 Translation adjustment 3 At 31 December 2022 129 Other investments represent sundry equity investments at cost less provision for impairment. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-626": {
   "value": "15. <span class=\"_ _1f2\"> </span>Intangible Ass<span class=\"_ _2\"></span>ets<span class=\"_ _363\"> </span>Comput<span class=\"_ _4\"></span>er<span class=\"_ _363\"> </span>Sof<span class=\"_ _0\"></span>twa<span class=\"_ _0\"></span>re<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>rade<span class=\"_ _363\"> </span>Names<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Cus<span class=\"_ _0\"></span>tom<span class=\"_ _0\"></span>er Relationships &amp;<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>echnolo<span class=\"_ _0\"></span>gy<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Cost<span class=\"_ _363\"> </span>At 1 Januar<span class=\"_ _3\"></span>y 2021<span class=\"_ _26d\"> </span><span class=\"ls16 ws10c\">4<span class=\"_ _0\"></span>5,<span class=\"_ _0\"></span>621<span class=\"_ _5d\"> </span><span class=\"lse0 wsd7\">13<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>4<span class=\"_ _5d\"> </span><span class=\"lsa7 ws9c\">95<span class=\"_ _0\"></span>,93<span class=\"_ _0\"></span>4<span class=\"_ _db\"> </span><span class=\"ls19 ws13\">15<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _34\"></span>8<span class=\"_ _3\"></span>9<span class=\"_ _363\"> </span></span></span></span></span>Additions<span class=\"_ _1b1\"> </span><span class=\"ls13 ws22\">827<span class=\"_ _e7\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _fa\"> </span></span>827<span class=\"_ _363\"> </span></span>Acqui<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>ns (Note 27<span class=\"_ _0\"></span>)<span class=\"_ _26e\"> </span><span class=\"ls2c ws14\">388<span class=\"_ _126\"> </span><span class=\"ls132 ws146\">2<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,1<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>2<span class=\"_ _5d\"> </span><span class=\"ls78 ws6b\">55,5<span class=\"_ _0\"></span>34<span class=\"_ _c4\"> </span><span class=\"ls13 ws22\">79,09<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span></span></span></span>Disposal of Gr<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>up businesses (No<span class=\"_ _4\"></span>te 27)<span class=\"_ _26f\"> </span><span class=\"ls3f ws36\">(<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>019<span class=\"_ _0\"></span>)<span class=\"_ _82\"> </span><span class=\"lse0 wsd7\">(5<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>1)<span class=\"_ _126\"> </span>(4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>1)<span class=\"_ _db\"> </span>(<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>1)<span class=\"_ _363\"> </span></span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _17a\"> </span><span class=\"ls35 ws2b\">(2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>0)<span class=\"_ _112\"> </span><span class=\"ls105 ws162\">(8<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>9)<span class=\"_ _c4\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>78)<span class=\"_ _76\"> </span><span class=\"ls144 ws152\">(<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>27<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span></span></span></span>At 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2<span class=\"_ _270\"> </span><span class=\"ls146 ws155\">7,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>7<span class=\"_ _5b\"> </span><span class=\"ls13 ws22\">35,6<span class=\"_ _0\"></span>06<span class=\"_ _a1\"> </span><span class=\"ls3f ws36\">14<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>9<span class=\"_ _b4\"> </span><span class=\"lse7 wsb8\">18<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>2<span class=\"_ _363\"> </span></span></span></span></span>Additions<span class=\"_ _143\"> </span><span class=\"ff83 ls18 ws12\">2,522<span class=\"_ _e7\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _181\"> </span></span>2<span class=\"_ _0\"></span>,522<span class=\"_ _363\"> </span></span>Acqui<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>ns (Note 27<span class=\"_ _0\"></span>)<span class=\"_ _271\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _66\"> </span><span class=\"ls20 ws19\">2,<span class=\"_ _0\"></span>889<span class=\"_ _76\"> </span><span class=\"ls146 ws155\">1<span class=\"_ _0\"></span>7,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _11a\"> </span><span class=\"lsa7 ws9c\">20,59<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span></span></span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _272\"> </span><span class=\"ff83 ls97 ws88\">258<span class=\"_ _6e\"> </span><span class=\"ls22 ws66\">1,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>0<span class=\"_ _6e\"> </span><span class=\"ls14 wsb9\">6<span class=\"_ _0\"></span>,676<span class=\"_ _181\"> </span><span class=\"ls68 ws5d\">8,504<span class=\"_ _363\"> </span></span></span></span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _1be\"> </span><span class=\"lsc0 ws9a\">1<span class=\"_ _2\"></span>0<span class=\"_ _2\"></span>,347<span class=\"_ _e9\"> </span><span class=\"ls13 ws22\">4<span class=\"_ _0\"></span>0,06<span class=\"_ _0\"></span>5<span class=\"_ _c2\"> </span><span class=\"lsdd ws3b\">16<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _db\"> </span><span class=\"ls146 ws155\">2<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>7,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _363\"> </span></span></span></span></span>Amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tisatio<span class=\"_ _0\"></span>n<span class=\"_ _363\"> </span>At 1 Januar<span class=\"_ _3\"></span>y 2021<span class=\"_ _273\"> </span><span class=\"ls89 wsd0\">12<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>5<span class=\"_ _60\"> </span><span class=\"ls8b ws7c\">2,677<span class=\"_ _6c\"> </span><span class=\"ls132 ws146\">2<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>,13<span class=\"_ _3\"></span>2<span class=\"_ _76\"> </span><span class=\"ls13 ws22\">3<span class=\"_ _0\"></span>9,4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span></span></span></span>Charg<span class=\"_ _0\"></span>e for the y<span class=\"_ _0\"></span>ear<span class=\"_ _270\"> </span><span class=\"ls14 wsb9\">2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>496<span class=\"_ _a3\"> </span><span class=\"lsa7 ws9c\">2,9<span class=\"_ _0\"></span>28<span class=\"_ _6c\"> </span><span class=\"lsdf wsd6\">11,<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>6<span class=\"_ _34\"></span>0<span class=\"_ _1b\"> </span><span class=\"lsdd ws3b\">17,18<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span></span></span></span></span>Disposal of Gr<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>up businesses (No<span class=\"_ _4\"></span>te 27)<span class=\"_ _247\"> </span><span class=\"ls14 wsb9\">(1<span class=\"_ _5\"></span>1,497<span class=\"_ _0\"></span>)<span class=\"_ _112\"> </span><span class=\"ls105 ws162\">(2<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>9)<span class=\"_ _c4\"> </span><span class=\"ls34 ws2a\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>59<span class=\"_ _0\"></span>8)<span class=\"_ _21\"> </span><span class=\"ls14e ws15e\">(<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _34\"></span>3<span class=\"_ _3\"></span>74<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span></span></span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _1c3\"> </span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>10<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _ce\"> </span><span class=\"lse0 wsd7\">(<span class=\"_ _3\"></span>13<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _112\"> </span><span class=\"lsa2 ws97\">(9<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _76\"> </span></span></span>(<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>At 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2<span class=\"_ _274\"> </span><span class=\"ls47 ws3d\">3,566<span class=\"_ _a3\"> </span><span class=\"ls134 ws145\">5<span class=\"_ _3\"></span>,19<span class=\"_ _0\"></span>1<span class=\"_ _5b\"> </span><span class=\"ls68 ws5d\">32,298<span class=\"_ _11a\"> </span><span class=\"ls22 ws66\">41,<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _363\"> </span></span></span></span></span>Charg<span class=\"_ _0\"></span>e for the y<span class=\"_ _0\"></span>ear<span class=\"_ _19e\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>9<span class=\"_ _6e\"> </span><span class=\"ls8b ws7c\">3,562<span class=\"_ _c4\"> </span>1<span class=\"_ _2\"></span>5,<span class=\"_ _4\"></span>724<span class=\"_ _20\"> </span><span class=\"ls13 ws22\">20,<span class=\"_ _0\"></span>295<span class=\"_ _363\"> </span></span></span></span>T<span class=\"_ _2\"></span>ranslati<span class=\"_ _0\"></span>on adju<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent<span class=\"_ _18a\"> </span><span class=\"ff83 ls31 ws27\">10<span class=\"_ _3\"></span>7<span class=\"_ _12f\"> </span><span class=\"ls68 ws5d\">284<span class=\"_ _6e\"> </span><span class=\"ls22 ws66\">1,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>9<span class=\"_ _6d\"> </span>1,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>0<span class=\"_ _363\"> </span></span></span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _25d\"> </span><span class=\"ls13 ws22\">4<span class=\"_ _0\"></span>,682<span class=\"_ _46\"> </span><span class=\"ls15 ws32\">9,0<span class=\"_ _0\"></span>37<span class=\"_ _5b\"> </span>49,<span class=\"_ _0\"></span>571<span class=\"_ _20\"> </span><span class=\"ls4e ws45\">63,2<span class=\"_ _2\"></span>90<span class=\"_ _363\"> </span></span></span></span>Net book amount<span class=\"_ _363\"> </span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _25d\"> </span><span class=\"ls13 ws22\">5,6<span class=\"_ _0\"></span>65<span class=\"_ _11a\"> </span><span class=\"ls22 ws66\">3<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>8<span class=\"_ _11f\"> </span><span class=\"ls33 ws29\">11<span class=\"_ _0\"></span>7,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>19<span class=\"_ _2c\"> </span><span class=\"ls89 wsd0\">15<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>12<span class=\"_ _363\"> </span></span></span></span></span>At 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>021<span class=\"_ _275\"> </span><span class=\"ls5f ws5b\">4<span class=\"_ _0\"></span>,0<span class=\"_ _0\"></span>01<span class=\"_ _63\"> </span><span class=\"ls19 ws13\">3<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>15<span class=\"_ _8c\"> </span><span class=\"lsdf wsd6\">1<span class=\"_ _0\"></span>0<span class=\"_ _34\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>11<span class=\"_ _2c\"> </span><span class=\"lse8 wsde\">14<span class=\"_ _34\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>7<span class=\"_ _363\"> </span></span></span></span></span>Custom<span class=\"_ _0\"></span>er rel<span class=\"_ _0\"></span>ations<span class=\"_ _0\"></span>hips<span class=\"_ _0\"></span>, techn<span class=\"_ _0\"></span>olo<span class=\"_ _0\"></span>gy an<span class=\"_ _0\"></span>d trad<span class=\"_ _0\"></span>e name<span class=\"_ _0\"></span>s arise f<span class=\"_ _0\"></span>rom bu<span class=\"_ _0\"></span>sines<span class=\"_ _0\"></span>s com<span class=\"_ _0\"></span>binati<span class=\"_ _0\"></span>ons (N<span class=\"_ _0\"></span>ote 27) an<span class=\"_ _0\"></span>d are am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ed over t<span class=\"_ _0\"></span>heir e<span class=\"_ _0\"></span>stim<span class=\"_ _0\"></span>ated usef<span class=\"_ _0\"></span>ul lives<span class=\"_ _0\"></span>. The ave<span class=\"_ _0\"></span>rage re<span class=\"_ _0\"></span>maini<span class=\"_ _0\"></span>ng amo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tis<span class=\"_ _0\"></span>ation p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>iod is 8<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>1 years (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: 6.9 year<span class=\"_ _0\"></span>s).<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e amor<span class=\"_ _3\"></span>tisati<span class=\"_ _0\"></span>on ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>e of \u00a320.<span class=\"_ _0\"></span>3 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a317<span class=\"_ _5\"></span>.2 milli<span class=\"_ _0\"></span>on) has bee<span class=\"_ _0\"></span>n charg<span class=\"_ _0\"></span>ed in o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ating c<span class=\"_ _0\"></span>osts i<span class=\"_ _0\"></span>n the in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e statem<span class=\"_ _0\"></span>ent<span class=\"_ _0\"></span>. Am<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>isatio<span class=\"_ _0\"></span>n on acqui<span class=\"_ _0\"></span>red inta<span class=\"_ _0\"></span>ngibl<span class=\"_ _0\"></span>es amo<span class=\"_ _0\"></span>unted to \u00a31<span class=\"_ _2\"></span>9.<span class=\"_ _0\"></span>3 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a314.<span class=\"_ _2\"></span>7 milli<span class=\"_ _0\"></span>on).<span class=\"_ _363\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-627": {
   "value": "16. Inventories 2022 \u00a3\u2019000 2021 \u00a3\u2019000 Raw materials 6,805 4,716 Finished goods 2,862 1,524 Goods purchased for resale 389,898 3 37,9 32 399,565 344,172 The inventory provision at 31 December 2022 was \u00a347.2 million (2021: \u00a341.9 million). Movement in Impairment Provision 2022  \u00a3\u2019000 2021  \u00a3\u2019000 At 1 January 41,943 47,856 Utilised/released during year (2,349) (2,922) Acquired during the year 1,536 3,820 Disposed during the year \u2013 (12,967) Additional provision 4,392 7,4 31 Translation adjustment 1,635 (1,275) At 31 December 47,157 41,943 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInventoriesExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-628": {
   "value": "17.  Trade and Other Receivables and Finance Lease Receivables 17. (a) Trade and Other Receivables 2022 \u00a3\u2019000 2021 \u00a3\u2019000 Amounts falling due within one year: Trade receivables 179,481 153,155 Other receivables 88,213 80,331 267,694 233,486 The carrying amount of trade and other receivables represents the maximum credit exposure. Other receivables primarily includes prepayments and rebates receivable. Rebates receivable amounted to \u00a368.1 million (2021: \u00a364.8 million). The maximum exposure to credit risk for trade debtors and other receivables at the reporting date by geographic region was as follows: Carrying Amount 2022 \u00a3\u2019000 2021 \u00a3\u2019000 United Kingdom 91,128 87,970 Ireland 102,982 88,049 Netherlands 51,759 40,051 Finland 21,825 17,416 267,694 233,486 Credit risk is well diversified over a broad customer base with only a small number of accounts with balances in excess of \u00a3100,000 that collectively account for a small proportion of total trade receivables. A number of businesses also have credit insurance policies in place which provide cover for the most significant amounts receivable from customers in the UK and Ireland. The ageing of trade and other receivables, under the expected credit loss model, at 31 December 2022 was: Gross Value \u00a3\u2019000 Impairment \u00a3\u2019000 Carrying  Amount  \u00a3\u2019000 Weighted Average Loss Rate % Not Past Due 229,077 (2,183) 226,894 1.0% Past Due 0-30 days 36,716 (4,137) 32,579 11.3% 30-60 days 8,024 (2,059) 5,965 25.7% +60 days 5,295 (3,039) 2,256 57.4% 50,035 (9,235) 40,800 18.5% 279,112 (11,418) 267,694 4.1% The ageing of trade and other receivables at 31 December 2021 was: Gross Value \u00a3\u2019000 Impairment \u00a3\u2019000 Carrying Amount \u00a3\u2019000 Weighted Average Loss Rate % Not Past Due 195,253 (1,415) 193,838 0.7% Past Due 0-30 days 32,731 (4,435) 28,296 13.5% 30-60 days 8,738 (2,422) 6,316 27.7 % +60 days 6,754 (1,718) 5,036 25.4% 48,223 (8,575) 39,648 17. 8% 243,476 (9,990) 233,486 4.1% Movement in Impairment Provision 2022 \u00a3\u2019000 2021 \u00a3\u2019000 At 1 January 9,990 12,511 Written-off during the year (910) (2,178) Additional provision 1,875 4,033 Acquired during the year 71 \u2013 Disposed during the year \u2013 (4,039) Translation adjustment 392 (337) At 31 December 11,418 9,990 17.  Trade and Other Receivables and Finance Lease Receivables continued 17. (b) Finance Lease Receivables Finance lease receivables are presented in the balance sheet as follows: 2022 \u00a3\u2019000 2021 \u00a3\u2019000 Lease receivables: Lease receivables \u2013 falling due within one year 196 212 Lease receivables \u2013 falling due after more than one year 453 881 649 1,093 The maturity profile of the Group\u2019s finance lease receivables can be summarised as follows: 2022 \u00a3\u2019000 2021 \u00a3\u2019000 Lease receivables: Due within one year 196 212 Between one and two years 190 192 Between two and three years 150 168 Between three and four years 113 134 Between four and five years \u2013 128 After five years \u2013 259 649 1,093 The average remaining lease term is 3.1 years (2021: 4.0 years). The finance income on the finance lease receivable recognised during the year amounted to \u00a30.1 million (2021: \u00a30.1 million). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMaturityAnalysisOfFinanceLeasePaymentsReceivableExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-661": {
   "value": "17. (a) Trade and Other Receivables 2022 \u00a3\u2019000 2021 \u00a3\u2019000 Amounts falling due within one year: Trade receivables 179,481 153,155 Other receivables 88,213 80,331 267,694 233,486 The carrying amount of trade and other receivables represents the maximum credit exposure. Other receivables primarily includes prepayments and rebates receivable. Rebates receivable amounted to \u00a368.1 million (2021: \u00a364.8 million). The maximum exposure to credit risk for trade debtors and other receivables at the reporting date by geographic region was as follows: Carrying Amount 2022 \u00a3\u2019000 2021 \u00a3\u2019000 United Kingdom 91,128 87,970 Ireland 102,982 88,049 Netherlands 51,759 40,051 Finland 21,825 17,416 267,694 233,486 Credit risk is well diversified over a broad customer base with only a small number of accounts with balances in excess of \u00a3100,000 that collectively account for a small proportion of total trade receivables. A number of businesses also have credit insurance policies in place which provide cover for the most significant amounts receivable from customers in the UK and Ireland. The ageing of trade and other receivables, under the expected credit loss model, at 31 December 2022 was: Gross Value \u00a3\u2019000 Impairment \u00a3\u2019000 Carrying  Amount  \u00a3\u2019000 Weighted Average Loss Rate % Not Past Due 229,077 (2,183) 226,894 1.0% Past Due 0-30 days 36,716 (4,137) 32,579 11.3% 30-60 days 8,024 (2,059) 5,965 25.7% +60 days 5,295 (3,039) 2,256 57.4% 50,035 (9,235) 40,800 18.5% 279,112 (11,418) 267,694 4.1% The ageing of trade and other receivables at 31 December 2021 was: Gross Value \u00a3\u2019000 Impairment \u00a3\u2019000 Carrying Amount \u00a3\u2019000 Weighted Average Loss Rate % Not Past Due 195,253 (1,415) 193,838 0.7% Past Due 0-30 days 32,731 (4,435) 28,296 13.5% 30-60 days 8,738 (2,422) 6,316 27.7 % +60 days 6,754 (1,718) 5,036 25.4% 48,223 (8,575) 39,648 17. 8% 243,476 (9,990) 233,486 4.1% Movement in Impairment Provision 2022 \u00a3\u2019000 2021 \u00a3\u2019000 At 1 January 9,990 12,511 Written-off during the year (910) (2,178) Additional provision 1,875 4,033 Acquired during the year 71 \u2013 Disposed during the year \u2013 (4,039) Translation adjustment 392 (337) At 31 December 11,418 9,990 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-662": {
   "value": "17. (b) Finance Lease Receivables Finance lease receivables are presented in the balance sheet as follows: 2022 \u00a3\u2019000 2021 \u00a3\u2019000 Lease receivables: Lease receivables \u2013 falling due within one year 196 212 Lease receivables \u2013 falling due after more than one year 453 881 649 1,093 The maturity profile of the Group\u2019s finance lease receivables can be summarised as follows: 2022 \u00a3\u2019000 2021 \u00a3\u2019000 Lease receivables: Due within one year 196 212 Between one and two years 190 192 Between two and three years 150 168 Between three and four years 113 134 Between four and five years \u2013 128 After five years \u2013 259 649 1,093 The average remaining lease term is 3.1 years (2021: 4.0 years). The finance income on the finance lease receivable recognised during the year amounted to \u00a30.1 million (2021: \u00a30.1 million). ",
   "dimensions": {
    "concept": "graftongroupplc:DisclosureOfFinanceLeaseReceivables",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-629": {
   "value": "18.  Share Capital and Share Premium Group and Company 2022  \u20ac\u2019000 2021  \u20ac\u2019000 Authorised: Equity shares 306 million ordinary shares of 5c each (2021: 306 million) 15,300 15,300 15,300 15,300 Year Ended 31 December 2022 Issue Price Number of  Shares 2022  Nominal  Value \u00a3\u2019000 Issued and fully paid: Ordinary shares \u2013 nominal value of \u20ac0.05 At 1 January 240,071,630 8,570 Issued under UK SAYE scheme*  414,711 14 2011 Long Term Incentive Plan April 2019 LTIP Award Nil 796,902 32 Share Buyback  Share Buyback \u2013 Programme 1 (12,282,711) (525) Share Buyback \u2013 Programme 2 (4,302,597) (189) Share Buyback \u2013 LTIP Awards (796,902) (32) At 31 December 223,901,033 7,870 Total nominal share capital issued 7,870 *   Refer to Note 31 which outlines the issue price of the 2020, 2019 and the 2018 SAYE Schemes 18.  Share Capital and Share Premium continued Group and Company continued Year Ended 31 December 2021 Issue Price Number of  Shares 20 22 Nomi nal Val ue \u00a3\u20190 00 Issued and fully paid: Ordinary shares \u2013 nominal value of \u20ac0.05 At 1 January 239,535,567 8,5 47 Issued under UK SAYE scheme*  453,388 19 2011 Long Term Incentive Plan April 2018 LTIP Award Nil 82,675 4 At 31 December 240,071,630 8,5 70 \u2018A\u2019 ordinary shares At 1 January 4,072,104,639 22 \u2018A\u2019 ordinary shares issued in year 2,353,684 \u2013 Cancellation of \u2018A\u2019 ordinary shares (4,074,458,323) ( 22) At 31 December \u2013 \u2013 Total nominal share capital issued 8,5 70 *   Refer to Note 31 which outlines the issue price of the 2020, 2019, 2018 and the 2017 SAYE Schemes. Share Premium Group 2022 \u00a3\u2019000 20 21 \u00a3\u20190 00 At 1 January 219,447 216,49 6 Premium on issue of shares under UK SAYE scheme 2,528 2,9 51 At 31 December 221,975 219,44 7 Grafton Units Issued and Cancelled During 2022 The number of Grafton Units issued during the year under the Group\u2019s Executive Share Schemes and the UK SAYE scheme was 1,211,613 (2021: 536,063). Costs relating to the issues were \u00a3Nil (2021: \u00a3Nil). The number of Grafton units cancelled during the year was 17,382,210 (2021:  Nil). The total consideration received, excluding the share buybacks, amounted to \u00a32,574,000 (2021: \u00a32,974,000). Grafton Units At 31 December 2020, a Grafton Unit comprised one ordinary share of Euro five cent and 17 \u2018A\u2019 ordinary shares of 0.001 cent each in Grafton  Group plc and one \u2018C\u2019 ordinary share of Stg0.0001p in Grafton Group (UK) plc. At an Extraordinary General Meeting on 21 January 2021, shareholders approved a resolution relating to the surrender and cancellation of the \u2018A \u2019 Ordinary Shares and the purchase of the \u2018C\u2019 Ordinary Shares and related waiver of rights. These changes took effect from 6.00pm on 7 March 2 021. From that date and as at 31 December 2021 and 31 December 2022, a Grafton Unit comprised one ordinary share of Euro five cent in Grafton Group plc. Ordinary Shares The holders of ordinary shares are entitled to attend, speak and vote at all General Meetings of the Company. Simplification of Grafton Unit The Grafton Unit was simplified with effect from 7 March 2021 and now comprises 1 ordinary share of Euro five cent in Grafton Group plc. Treasury Shares The Group holds 500,000 (2021: 500,000) Grafton Units at a cost of \u00a33,897,000 (2021: \u00a33,897,000) as treasury shares. At 31 December 2022, the Group also held 115,109 shares purchased but not cancelled as part of the share buyback programme at a cost of \u00a30.9 million as noted belo w (2021: \u00a3Nil). Share Buyback Programme On 28 April 2022, the Group announced its intention to introduce a share buyback programme. On 9 May 2022, the Group entered into non- discretionary arrangements with Goodbody Stockbrokers UC (acting as agent) and Numis Securities Limited (acting as principal) to conduct th e programme and to buy back ordinary shares (the \u201cShares\u201d) on the Group\u2019s behalf for a maximum aggregate consideration of up to \u00a3100 million and to make trading decisions under the programme independently of the Group in accordance with certain pre-set parameters (the \u201cBuyback\u201d) . The Buyback commenced on 9 May 2022 and ended on 12 September 2022. At 31 December 2022, the Group had purchased 12,282,711 share s under this programme in aggregate for cancellation at a total cost of \u00a3100.3 million, including transaction costs. All shares were cancelled at 31 December 2022. 18.  Share Capital and Share Premium continued Treasury Shares continued Share Buyback Programme continued Following completion of the first share buyback programme the Group announced on 10 November 2022 its intention to commence a second share buyback programme and to buy back ordinary shares (the \u201cShares\u201d) on the Group\u2019s behalf for a maximum aggregate consideration of up to \u00a3100 million and to make trading decisions under the programme independently of the Group in accordance with certain pre-set parameters (the \u201cBuyback\u201d). The Buyback commenced on 10 November 2022 and will end no later than 30 April 2023. At 31 December 2022, the Group had purchased 4,417,706 shares in aggregate for cancellation at a total cost of \u00a335.1 million, including transaction costs. However, due to timing, only 4,302,597 were cancelled at 31 December 2022 and 115,109 shares purchased for \u00a30.9 million were cancelled in early January 2023. Details of shares bought back since 31 December 2022 are included in Note 34. In addition to the above, on 3 May 2022 and 4 May 2022, the Group purchased and cancelled 796,902 Grafton Units which was effected to offset the dilutive effect of issuing new shares to satisfy share award obligations under the Company\u2019s Long Term Incentive Plan. The total consideration was \u00a37.6 million, including transaction costs. The movement in treasury shares as a result of the buybacks is noted below: Purchase of Shares \u00a3\u2019000 Transaction Costs \u00a3\u2019000 Total Purchase of Shares* \u00a3\u2019000 Cancellation of Shares \u00a3\u2019000 Total Movement \u00a3\u2019000 Buyback Programme 1 100,000 284 100,284 (100,000) 284 Buyback Programme 2 35,046 72 35,118 (34,130) 988 135,046 356 135,402 (134,130) 1,272 LTIP Awards 7,56 3 16 7,579 ( 7,563) 16 142,609 372 142,981 (141,693) 1,288 *   Including transaction costs ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-663": {
   "value": "18.  Share Capital and Share Premium Group and Company 2022 \u20ac\u2019000 2021 \u20ac\u2019000 Authorised: Equity shares 306 million ordinary shares of 5c each (2021: 306 million) 15,300 15,300 15,300 15,300 Year Ended 31 December 2022 Issue Price Number of  Shares 2022 Nominal Value \u00a3\u2019000 Issued and fully paid: Ordinary shares \u2013 nominal value of \u20ac0.05 At 1 January 240,071,630 8,570 Issued under UK SAYE scheme*  414,711 14 2011 Long Term Incentive Plan April 2019 LTIP Award Nil 796,902 32 Share Buyback Share Buyback \u2013 Programme 1 (12,282,711) (525) Share Buyback \u2013 Programme 2 (4,302,597) (189) Share Buyback \u2013 LTIP Awards (796,902) (32) At 31 December 223,901,033 7,870 Total nominal share capital issued 7,870 *   Refer to Note 31 which outlines the issue price of the 2020, 2019 and the 2018 SAYE Schemes . 18.  Share Capital and Share Premium continued Group and Company continued Year Ended 31 December 2021 Issue Price Number of  Shares 20 Nomi Val \u00a3\u20190 Issued and fully paid: Ordinary shares \u2013 nominal value of \u20ac0.05 At 1 January 239,535,567 8,5 Issued under UK SAYE scheme*  453,388 2011 Long Term Incentive Plan April 2018 LTIP Award Nil 82,675 At 31 December 240,071,630 8,5 \u2018A\u2019 ordinary shares At 1 January 4,072,104,639 \u2018A\u2019 ordinary shares issued in year 2,353,684 Cancellation of \u2018A\u2019 ordinary shares (4,074,458,323) ( At 31 December \u2013 Total nominal share capital issued 8,5 *   Refer to Note 31 which outlines the issue price of the 2020, 2019, 2018 and the 2017 SAYE Schemes. Share Premium Group 2022 \u00a3\u2019000 20 \u00a3\u20190 At 1 January 219,447 216,49 Premium on issue of shares under UK SAYE scheme 2,528 2,9 At 31 December 221,975 219,44 Grafton Units Issued and Cancelled During 2022 The number of Grafton Units issued during the year under the Group\u2019s Executive Share Schemes and the UK SAYE scheme was 1,211,613 (2021: 536,063). Costs relating to the issues were \u00a3Nil (2021: \u00a3Nil). The number of Grafton units cancelled during the year was 17,382,210 (2021: Nil). The total consideration received, excluding the share buybacks, amounted to \u00a32,574,000 (2021: \u00a32,974,000). Grafton Units At 31 December 2020, a Grafton Unit comprised one ordinary share of Euro five cent and 17 \u2018A\u2019 ordinary shares of 0.001 cent each in Grafton  Group plc and one \u2018C\u2019 ordinary share of Stg0.0001p in Grafton Group (UK) plc. At an Extraordinary General Meeting on 21 January 2021, shareholders approved a resolution relating to the surrender and cancellation of the \u2018A Ordinary Shares and the purchase of the \u2018C\u2019 Ordinary Shares and related waiver of rights. These changes took effect from 6.00pm on 7 March 2 From that date and as at 31 December 2021 and 31 December 2022, a Grafton Unit comprised one ordinary share of Euro five cent in Grafton Group plc. Ordinary Shares The holders of ordinary shares are entitled to attend, speak and vote at all General Meetings of the Company. Simplification of Grafton Unit The Grafton Unit was simplified with effect from 7 March 2021 and now comprises 1 ordinary share of Euro five cent in Grafton Group plc. Treasury Shares The Group holds 500,000 (2021: 500,000) Grafton Units at a cost of \u00a33,897,000 (2021: \u00a33,897,000) as treasury shares. At 31 December 2022, the Group also held 115,109 shares purchased but not cancelled as part of the share buyback programme at a cost of \u00a30.9 million as noted belo (2021: \u00a3Nil). Share Buyback Programme On 28 April 2022, the Group announced its intention to introduce a share buyback programme. On 9 May 2022, the Group entered into non- discretionary arrangements with Goodbody Stockbrokers UC (acting as agent) and Numis Securities Limited (acting as principal) to conduct th programme and to buy back ordinary shares (the \u201cShares\u201d) on the Group\u2019s behalf for a maximum aggregate consideration of up to \u00a3100 million and to make trading decisions under the programme independently of the Group in accordance with certain pre-set parameters (the \u201cBuyback\u201d) The Buyback commenced on 9 May 2022 and ended on 12 September 2022. At 31 December 2022, the Group had purchased 12,282,711 share under this programme in aggregate for cancellation at a total cost of \u00a3100.3 million, including transaction costs. All shares were cancelled at 31 December 2022. 18.  Share Capital and Share Premium continued Treasury Shares continued Share Buyback Programme continued Following completion of the first share buyback programme the Group announced on 10 November 2022 its intention to commence a second share buyback programme and to buy back ordinary shares (the \u201cShares\u201d) on the Group\u2019s behalf for a maximum aggregate consideration of up to \u00a3100 million and to make trading decisions under the programme independently of the Group in accordance with certain pre-set parameters (the \u201cBuyback\u201d). The Buyback commenced on 10 November 2022 and will end no later than 30 April 2023. At 31 December 2022, the Group had purchased 4,417,706 shares in aggregate for cancellation at a total cost of \u00a335.1 million, including transaction costs. However, due to timing, only 4,302,597 were cancelled at 31 December 2022 and 115,109 shares purchased for \u00a30.9 million were cancelled in early January 2023. Details of shares bought back since 31 December 2022 are included in Note 34. In addition to the above, on 3 May 2022 and 4 May 2022, the Group purchased and cancelled 796,902 Grafton Units which was effected to offset the dilutive effect of issuing new shares to satisfy share award obligations under the Company\u2019s Long Term Incentive Plan. The total consideration was \u00a37.6 million, including transaction costs. The movement in treasury shares as a result of the buybacks is noted below: Purchase of Shares \u00a3\u2019000 Transaction Costs \u00a3\u2019000 Total Purchase of Shares* \u00a3\u2019000 Cancellation of Shares \u00a3\u2019000 Total Movement \u00a3\u2019000 Buyback Programme 1 100,000 284 100,284 (100,000) 284 Buyback Programme 2 35,046 72 35,118 (34,130) 988 135,046 356 135,402 (134,130) 1,272 LTIP Awards 7,56 3 16 7,579 ( 7,563) 16 142,609 372 142,981 (141,693) 1,288 *   Including transaction costs ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-669": {
   "value": "Treasury Shares The Group holds 500,000 (2021: 500,000) Grafton Units at a cost of \u00a33,897,000 (2021: \u00a33,897,000) as treasury shares. At 31 December 2022,  the Group also held 115,109 shares purchased but not cancelled as part of the share buyback programme at a cost of \u00a30.9 million as noted belo w  (2021: \u00a3Nil). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTreasurySharesExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-630": {
   "value": "19.  Group Statement of Changes in Equity The capital redemption reserve is a legal reserve which arose from the purchase of \u2018A\u2019 ordinary shares, the redemption of redeemable shares in prior years and the buy-back and cancellation of shares. The revaluation reserve was created as a result of a revaluation of Irish properties in 1998. The shares to be issued reserve comprises amounts expensed in the income statement in connection with share-based payments, net of transfers to retained earnings on the exercise of share entitlements and the lapsing of such entitlements. The cash flow hedge reserve comprises the effective portion of the cumulative net change in the fair value of cash flow hedging instruments related to hedged transactions that have not yet occurred. The foreign currency translation reserve arises from the currency effect on translation of the investment in subsidiaries with euro functional currencies as adjusted for foreign currency borrowings and derivatives designated as net investment hedges. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-631": {
   "value": "20.  Interest-Bearing Loans and Borrowings 2022 \u00a3\u2019000 2021 \u00a3\u2019000 Non-current liabilities Euro bank loans 112,108 38,699 US senior notes 141,394 133,902 Total interest-bearing loans and borrowings 253,502 172,601 Lease liabilities 389,198 396,070 642,700 568,671 Current liabilities Euro bank loans \u2013 84,030 Lease liabilities 60,105 52,924 60,105 136,954 The increase in non-current interest bearing loans and borrowings largely reflects a movement from current liability following a bank refinancing on 4 August 2022 and a foreign exchange movement on translation of the Group\u2019s euro denominated bank loans/US senior notes into sterling at the year end. 20.  Interest-Bearing Loans and Borrowings continued Maturity of financial liabilities The maturity profile of the Group\u2019s interest-bearing financial liabilities (bank debt, loan notes and lease liabilities) can be summarised as follows: Bank loans 2022 \u00a3\u2019000 US senior notes 2022 \u00a3\u2019000 Lease liabilities 2022 \u00a3\u2019000 Total 2022 \u00a3\u2019000 Bank loans 2021 \u00a3\u2019000 US senior notes 2021 \u00a3\u2019000 Lease liabilities 2021 \u00a3\u2019000 Total 2021 \u00a3\u2019000 Due within one year \u2013 \u2013 60,105 60,105 84,030 \u2013 52,924 136,954 Between one and two years \u2013 \u2013 58,688 58,688 38,699 \u2013 53,024 91,723 Between two and three years \u2013 \u2013 57,609 57,609 \u2013 \u2013 52,492 52,492 Between three and four years \u2013 \u2013 53,375 53,375 \u2013 \u2013 51,131 51,131 Between four and five years 112,108 \u2013 47,812 159,920 \u2013 \u2013 47,4 36 47, 4 36 After five years \u2013 141,394 171,714 313,108 \u2013 133,902 191,987 325,889 112,108 141,394 449,303 702,805 122,729 133,902 448,994 705,625 Derivatives 29 8 Gross debt 702,834 705,633 Cash and short term deposits (711,721) (844,663) Net (cash) (8,887) (139,303) Net cash, excluding the impact of leases, amounted to \u00a3458.2 million (2021: \u00a3588.0 million). The following table indicates the effective interest rates at 31 December 2022 in respect of interest bearing financial assets and financial liabilities and the periods during which they re-price. Effective Interest Rate Total \u00a3\u2019000 6 months or less \u00a3\u2019000 6 to 12 months \u00a3\u2019000 1-2 years \u00a3\u2019000 2-5 years \u00a3\u2019000 More than 5 years \u00a3\u2019000 Euro deposits 0.00% 3,099 3,099 \u2013 \u2013 \u2013 \u2013 Sterling deposits 3.27% 467,030 467,030 \u2013 \u2013 \u2013 \u2013 Cash at bank 0.00% \u2013 3.50% 241,592 241,592 \u2013 \u2013 \u2013 \u2013 Total cash and cash equivalents 711,721 711,721 \u2013 \u2013 \u2013 \u2013 Floating rate debt: Euro loans 3.02% (112,108) (112,108) \u2013 \u2013 \u2013 \u2013 Total floating rate debt (112,108) (112,108) \u2013 \u2013 \u2013 \u2013 Fixed rate debt: Lease liabilities 3.33% (449,303) (30,053) (30,052) (58,688) (158,796) (171,714) US senior notes 2.49% (141,394) \u2013 \u2013 \u2013 \u2013 (141,394) Total fixed rate debt (590,697) (30,053) (30,052) (58,688) (158,796) (313,108) Derivatives (29) (29) \u2013 \u2013 \u2013 \u2013 Total net cash/(debt) 8,887 569,531 (30,052) (58,688) (158,796) (313,108) Borrowing Facilities and US Senior Notes At 31 December 2022, the Group had bilateral loan facilities of \u00a3340.7 million (2021: \u00a3433.7 million which mature in March 2023) with four relationship banks which all mature in August 2027. In August 2022, the Group completed a refinancing of its loan facilities that were due to expire in March 2023. Bilateral revolving loan facilities for \u00a3340.7 million were agreed with four established relationship banks for a term of five years to August 2027. The arrangements include two one- year extension options exercisable at the discretion of Grafton and the banks. This is sustainability linked debt funding and includes an incentive connected to the achievement of carbon emissions, workforce diversity and community support targets that are fully aligned to the Group\u2019s sustainability strategy. These new facilities replace existing facilities of \u00a3380.7 million. A one-year term facility for \u00a386.0 million that was put in place in 2021, facilitated by one of the Group\u2019s four relationship banks under the ECB\u2019s Targeted Longer-Term Refinancing Operations, was used to temporarily replace drawings on existing facilities on more attractive terms and was repaid in December 2022. The Group had an undrawn committed borrowing facility at 31 December 2022 of \u00a3226.9 million (2021: \u00a3394.7 million) in respect of which all conditions precedent were met. The Group had liquidity of \u00a3934.6 million at 31 December 2022 (2021: \u00a31,235.4 million) of which \u00a3707.7 million (2021: \u00a3840.7 million) was held in accessible cash and \u00a3226.9 million (2021: \u00a3394.7 million) in undrawn revolving bank facilities. 20.  Interest-Bearing Loans and Borrowings continued In September 2018, the Group raised \u20ac160 million (31 December 2022: \u00a3141.9 million before costs; 31 December 2021: \u00a3134.4 million before costs) through an issue of unsecured senior notes in the US Private Placement market with ten and twelve year maturities at an average fixed annual coupon of 2.5 per cent and used the proceeds received to refinance existing debt. The issue of these notes diversified the Group\u2019s sources of funding by re-entering the US Private Placement market, extended the maturity profile of debt and provided greater certainty over the cost of  debt for an extended period at attractive rates. The average maturity of committed bank facilities and unsecured senior notes at 31 December 2022 was 5.2 years (2021: 2.5 years). The following table indicates the effective interest rates at 31 December 2021 in respect of interest bearing financial assets and financial liabilities and the periods in which they re-price. Effective  Interest Rate Total \u00a3\u2019000 6 months or less \u00a3\u2019000 6 to 12 months \u00a3\u2019000 1-2 years \u00a3\u2019000 2-5 years \u00a3\u2019000 More than 5 years \u00a3\u2019000 Euro deposits \u2013 \u2013 \u2013 \u2013 \u2013 \u2013 \u2013 Sterling deposits 0.10% 16,714 16,714 \u2013 \u2013 \u2013 \u2013 Cash at bank (0.65%) \u2013 0.10% 827,949 827,9 49 \u2013 \u2013 \u2013 \u2013 Total cash and cash equivalents 844,663 844,663 \u2013 \u2013 \u2013 \u2013 Floating rate debt: Euro loans (0.34%) (122,729) (122,729) \u2013 \u2013 \u2013 \u2013 Total floating rate debt (122,729) (122,729) \u2013 \u2013 \u2013 \u2013 Fixed rate debt: Lease liabilities 3.26% (448,994) (26,462) (26,462) (53,024) (151,059) (191,987) US senior notes 2.49% (133,902) \u2013 \u2013 \u2013 \u2013 (133,902) Total fixed rate debt (582,896) (26,462) (26,462) (53,024) (151,059) (325,889) Derivatives (8) (8) \u2013 \u2013 \u2013 \u2013 Total Net Debt 139,030 695,464 (26,462) (53,024) (151,059) (325,889) ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-664": {
   "value": "21. <span class=\"_ _1f2\"> </span>Financial Instruments and Financial R<span class=\"_ _4\"></span>isk<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e fair value<span class=\"_ _0\"></span>s of fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l assets a<span class=\"_ _0\"></span>nd liabi<span class=\"_ _0\"></span>litie<span class=\"_ _0\"></span>s toget<span class=\"_ _0\"></span>her wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing amo<span class=\"_ _0\"></span>unts sh<span class=\"_ _0\"></span>own in th<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce she<span class=\"_ _0\"></span>et ar<span class=\"_ _0\"></span>e as follows:<span class=\"_ _363\"> </span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _363\"> </span>Fair<span class=\"_ _4\"></span> value<span class=\"_ _363\"> </span>through OCI<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Amor<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span>cost<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal carrying value<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Fair<span class=\"_ _4\"></span> value \u00a3\u2019000<span class=\"_ _363\"> </span>Oth<span class=\"_ _0\"></span>er financial assets*<span class=\"_ _2a7\"> </span><span class=\"ff83 ls89 wsd0\">12<span class=\"_ _0\"></span>9<span class=\"_ _79\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _fa\"> </span></span>12<span class=\"_ _3\"></span>9<span class=\"_ _79\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r rec<span class=\"_ _0\"></span>eivab<span class=\"_ _0\"></span>les*<span class=\"_ _2a8\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _96\"> </span><span class=\"ls146 ws155\">2<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>7,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _34\"></span>4<span class=\"_ _b0\"> </span>2<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>7,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _79\"> </span></span>\u2013<span class=\"_ _363\"> </span></span>Lease receivables*<span class=\"_ _65\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _11d\"> </span><span class=\"ls15 ws32\">649<span class=\"_ _12f\"> </span>6<span class=\"_ _0\"></span>49<span class=\"_ _e7\"> </span></span>\u2013<span class=\"_ _363\"> </span></span>Cash an<span class=\"_ _0\"></span>d cash e<span class=\"_ _0\"></span>quiva<span class=\"_ _0\"></span>lents*<span class=\"_ _1be\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _db\"> </span><span class=\"ls33 ws29\">7<span class=\"_ _3\"></span>11,<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1<span class=\"_ _21\"> </span>7<span class=\"_ _0\"></span>11<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _34\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _f7\"> </span></span>\u2013<span class=\"_ _363\"> </span></span>12<span class=\"_ _0\"></span>9<span class=\"_ _a1\"> </span><span class=\"ls13 ws22\">980,<span class=\"_ _0\"></span>06<span class=\"_ _0\"></span>4<span class=\"_ _b4\"> </span><span class=\"ls134 ws145\">9<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,19<span class=\"_ _0\"></span>3<span class=\"_ _79\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span></span></span>Fore<span class=\"_ _0\"></span>ign cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy for<span class=\"_ _0\"></span>ward<span class=\"_ _0\"></span>s<span class=\"_ _2a9\"> </span><span class=\"ff83 ls35 ws2b\">(2<span class=\"_ _0\"></span>9)<span class=\"_ _8b\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _1ca\"> </span></span>(2<span class=\"_ _0\"></span>9)<span class=\"_ _c1\"> </span>(<span class=\"_ _0\"></span>29)<span class=\"_ _363\"> </span></span>Euro ban<span class=\"_ _0\"></span>k loans<span class=\"_ _240\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _69\"> </span><span class=\"ls33 ws29\">(<span class=\"_ _3\"></span>11<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)<span class=\"_ _80\"> </span>(<span class=\"_ _3\"></span>112<span class=\"_ _34\"></span>,1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)<span class=\"_ _1af\"> </span><span class=\"ls36 wsf\">(1<span class=\"_ _5\"></span>1<span class=\"_ _2\"></span>3,81<span class=\"_ _2\"></span>5)<span class=\"_ _363\"> </span></span></span></span>US se<span class=\"_ _0\"></span>nior n<span class=\"_ _0\"></span>otes<span class=\"_ _13e\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _b2\"> </span><span class=\"ls3f ws36\">(<span class=\"_ _0\"></span>14<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>)<span class=\"_ _9d\"> </span>(<span class=\"_ _0\"></span>14<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _cc\"> </span><span class=\"ls1a ws7d\">(1<span class=\"_ _2\"></span>26,6<span class=\"_ _0\"></span>05)<span class=\"_ _363\"> </span></span></span></span>Lease liabi<span class=\"_ _2\"></span>lities<span class=\"_ _1b6\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _44\"> </span><span class=\"ls15 ws32\">(<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>49,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>03)<span class=\"_ _2b\"> </span>(449,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>03)<span class=\"_ _8b\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span></span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r payable<span class=\"_ _0\"></span>s*<span class=\"_ _210\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _44\"> </span><span class=\"ls13 ws22\">(<span class=\"_ _4\"></span>420,65<span class=\"_ _0\"></span>3)<span class=\"_ _2b\"> </span>(<span class=\"_ _2\"></span>42<span class=\"_ _0\"></span>0,653)<span class=\"_ _d1\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span></span></span>(2<span class=\"_ _0\"></span>9)<span class=\"_ _145\"> </span><span class=\"ls89 wsd0\">(<span class=\"_ _3\"></span>1,12<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _145\"> </span>(<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,12<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>)<span class=\"_ _1ea\"> </span></span>(2<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span>21. <span class=\"_ _1f2\"> </span>Financial Instruments and Financial R<span class=\"_ _4\"></span>isk<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Fair<span class=\"_ _4\"></span> value through OCI \u00a3\u2019000<span class=\"_ _363\"> </span>Amor<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span>cos<span class=\"_ _0\"></span>t \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal carrying value \u00a3\u2019000<span class=\"_ _363\"> </span>Fair<span class=\"_ _4\"></span> value \u00a3\u2019000<span class=\"_ _363\"> </span>Oth<span class=\"_ _0\"></span>er financial assets*<span class=\"_ _2aa\"> </span><span class=\"ls89 wsd0\">12<span class=\"_ _0\"></span>6<span class=\"_ _79\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _1c\"> </span></span>12<span class=\"_ _0\"></span>6<span class=\"_ _79\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r rec<span class=\"_ _0\"></span>eivab<span class=\"_ _0\"></span>les*<span class=\"_ _2a8\"> </span><span class=\"ls2\">\u2013<span class=\"_ _96\"> </span><span class=\"ls20 ws19\">23<span class=\"_ _0\"></span>3,4<span class=\"_ _0\"></span>86<span class=\"_ _b4\"> </span>233,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>86<span class=\"_ _e7\"> </span></span>\u2013<span class=\"_ _363\"> </span></span>Lease receivables*<span class=\"_ _65\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _77\"> </span><span class=\"lsdd ws3b\">1,<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>3<span class=\"_ _60\"> </span>1,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>3<span class=\"_ _128\"> </span></span>\u2013<span class=\"_ _363\"> </span></span>Cash an<span class=\"_ _0\"></span>d cash e<span class=\"_ _0\"></span>quiva<span class=\"_ _0\"></span>lents*<span class=\"_ _1be\"> </span><span class=\"ls2\">\u2013<span class=\"_ _a1\"> </span><span class=\"lsc0 ws9a\">8<span class=\"_ _0\"></span>44,663<span class=\"_ _a1\"> </span>8<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>4,663<span class=\"_ _114\"> </span></span>\u2013<span class=\"_ _363\"> </span></span>12<span class=\"_ _0\"></span>6<span class=\"_ _1af\"> </span><span class=\"lsdd ws3b\">1,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>2<span class=\"_ _9d\"> </span>1,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>8<span class=\"_ _128\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span></span>Fore<span class=\"_ _0\"></span>ign cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy for<span class=\"_ _0\"></span>ward<span class=\"_ _0\"></span>s<span class=\"_ _21e\"> </span><span class=\"lse4 wsdc\">(8)<span class=\"_ _8b\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _1c1\"> </span><span class=\"lse4 wsdc\">(8)<span class=\"_ _f4\"> </span>(8)<span class=\"_ _363\"> </span></span></span>Euro ban<span class=\"_ _0\"></span>k loans<span class=\"_ _240\"> </span><span class=\"ls2\">\u2013<span class=\"_ _2f\"> </span><span class=\"lsc0 ws9a\">(1<span class=\"_ _2\"></span>22,<span class=\"_ _2\"></span>729<span class=\"_ _2\"></span>)<span class=\"_ _10d\"> </span>(1<span class=\"_ _2\"></span>22,<span class=\"_ _2\"></span>729<span class=\"_ _2\"></span>)<span class=\"_ _1af\"> </span><span class=\"ls20 ws19\">(1<span class=\"_ _2\"></span>23,01<span class=\"_ _2\"></span>7)<span class=\"_ _363\"> </span></span></span></span>US se<span class=\"_ _0\"></span>nior n<span class=\"_ _0\"></span>otes<span class=\"_ _13e\"> </span><span class=\"ls2\">\u2013<span class=\"_ _1ed\"> </span><span class=\"lse0 wsd7\">(<span class=\"_ _3\"></span>13<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _10d\"> </span>(<span class=\"_ _0\"></span>13<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _1af\"> </span>(<span class=\"_ _0\"></span>13<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _34\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span>Lease liabi<span class=\"_ _2\"></span>lities<span class=\"_ _1b6\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _92\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>4)<span class=\"_ _9d\"> </span>(4<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>4)<span class=\"_ _22\"> </span></span>\u2013<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r payable<span class=\"_ _0\"></span>s*<span class=\"_ _210\"> </span><span class=\"ls2\">\u2013<span class=\"_ _21\"> </span><span class=\"lsdf wsd6\">(<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>,111<span class=\"_ _0\"></span>)<span class=\"_ _a1\"> </span>(<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>19<span class=\"_ _3\"></span>,111<span class=\"_ _0\"></span>)<span class=\"_ _8a\"> </span></span>\u2013<span class=\"_ _363\"> </span></span>(8)<span class=\"_ _c3\"> </span><span class=\"ls132 ws146\">(<span class=\"_ _3\"></span>1,12<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>)<span class=\"_ _98\"> </span><span class=\"ls14e ws15e\">(<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,12<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>74<span class=\"_ _34\"></span>4<span class=\"_ _3\"></span>)<span class=\"_ _44\"> </span><span class=\"ls14 wsb9\">(25<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>,473)<span class=\"_ _363\"> </span></span></span></span>*  <span class=\"_ _32\"> </span>T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p has n<span class=\"_ _0\"></span>ot dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d the f<span class=\"_ _0\"></span>air va<span class=\"_ _0\"></span>lue<span class=\"_ _0\"></span>s of f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts s<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>h as sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t te<span class=\"_ _0\"></span>rm re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d paya<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>use t<span class=\"_ _0\"></span>hei<span class=\"_ _0\"></span>r ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e clo<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ly ap<span class=\"_ _0\"></span>prox<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>s fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Fair<span class=\"_ _2\"></span> Value<span class=\"_ _363\"> </span>A numb<span class=\"_ _0\"></span>er of the G<span class=\"_ _0\"></span>roup\u2019s ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nting p<span class=\"_ _0\"></span>olici<span class=\"_ _0\"></span>es and d<span class=\"_ _0\"></span>isclo<span class=\"_ _0\"></span>sures re<span class=\"_ _0\"></span>quire th<span class=\"_ _0\"></span>e deter<span class=\"_ _0\"></span>minat<span class=\"_ _0\"></span>ion of fair va<span class=\"_ _0\"></span>lue, for b<span class=\"_ _0\"></span>oth f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial and n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial as<span class=\"_ _0\"></span>sets<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>and liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es. S<span class=\"_ _0\"></span>et o<span class=\"_ _0\"></span>ut be<span class=\"_ _0\"></span>low is an ana<span class=\"_ _0\"></span>lysis of f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ents c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d at fair valu<span class=\"_ _0\"></span>e, by valuat<span class=\"_ _0\"></span>ion m<span class=\"_ _0\"></span>etho<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nt leve<span class=\"_ _0\"></span>ls in the fa<span class=\"_ _0\"></span>ir value<span class=\"_ _0\"></span> hier<span class=\"_ _0\"></span>archy have b<span class=\"_ _0\"></span>een d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ined a<span class=\"_ _0\"></span>s follows:<span class=\"_ _363\"> </span>Level 1<span class=\"_ _4\"></span>: quoted (unadjus<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>) pric<span class=\"_ _0\"></span>es in ac<span class=\"_ _0\"></span>tive m<span class=\"_ _0\"></span>arkets fo<span class=\"_ _0\"></span>r ide<span class=\"_ _0\"></span>ntica<span class=\"_ _0\"></span>l assets o<span class=\"_ _0\"></span>r liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>Level 2<span class=\"_ _0\"></span>: inpu<span class=\"_ _0\"></span>ts othe<span class=\"_ _0\"></span>r tha<span class=\"_ _0\"></span>n quoted pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d with<span class=\"_ _0\"></span>in level 1 t<span class=\"_ _0\"></span>hat are o<span class=\"_ _0\"></span>bser<span class=\"_ _3\"></span>vable, e<span class=\"_ _0\"></span>ith<span class=\"_ _0\"></span>er dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y or ind<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>tly. Level 3: i<span class=\"_ _0\"></span>nput<span class=\"_ _0\"></span>s that are n<span class=\"_ _0\"></span>ot based o<span class=\"_ _0\"></span>n obs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le mar<span class=\"_ _0\"></span>ket data<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Fair value<span class=\"_ _0\"></span>s have be<span class=\"_ _0\"></span>en de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ined fo<span class=\"_ _0\"></span>r measu<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nt and<span class=\"_ _0\"></span>/<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>r discl<span class=\"_ _0\"></span>osure p<span class=\"_ _0\"></span>urp<span class=\"_ _0\"></span>oses b<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n the foll<span class=\"_ _0\"></span>owing me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>ds.<span class=\"_ _363\"> </span>Trade and Other R<span class=\"_ _2\"></span>eceivables/T<span class=\"_ _2\"></span>ra<span class=\"_ _0\"></span>de and Other P<span class=\"_ _2\"></span>ayables<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">For re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>les and p<span class=\"_ _0\"></span>ayable<span class=\"_ _0\"></span>s with a re<span class=\"_ _0\"></span>mainin<span class=\"_ _0\"></span>g life of less t<span class=\"_ _0\"></span>han six m<span class=\"_ _0\"></span>onths o<span class=\"_ _0\"></span>r dem<span class=\"_ _0\"></span>and bal<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span>s, fai<span class=\"_ _0\"></span>r value is t<span class=\"_ _0\"></span>he amo<span class=\"_ _0\"></span>unt that is p<span class=\"_ _0\"></span>ayable<span class=\"_ _0\"></span> </span>cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tually l<span class=\"_ _0\"></span>ess an im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>ment p<span class=\"_ _0\"></span>rovisio<span class=\"_ _0\"></span>n whe<span class=\"_ _0\"></span>re appro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate.<span class=\"_ _363\"> </span>Cash and<span class=\"_ _2\"></span> Cash Equivalents,<span class=\"_ _2\"></span> Inclu<span class=\"_ _0\"></span>ding Short T<span class=\"_ _2\"></span>erm Bank<span class=\"_ _4\"></span> Deposits<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">For s<span class=\"_ _0\"></span>hor<span class=\"_ _3\"></span>t term ban<span class=\"_ _0\"></span>k dep<span class=\"_ _0\"></span>osit<span class=\"_ _0\"></span>s and cas<span class=\"_ _0\"></span>h and c<span class=\"_ _0\"></span>ash equi<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nts, all of wh<span class=\"_ _0\"></span>ich have a re<span class=\"_ _0\"></span>maining m<span class=\"_ _0\"></span>aturi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of less th<span class=\"_ _0\"></span>an thre<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>nths<span class=\"_ _0\"></span>, the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying </span>amou<span class=\"_ _0\"></span>nt is a reaso<span class=\"_ _0\"></span>nable a<span class=\"_ _0\"></span>pproxim<span class=\"_ _0\"></span>ation of fai<span class=\"_ _0\"></span>r value. At 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>, \u00a34.0 mill<span class=\"_ _0\"></span>ion of cas<span class=\"_ _0\"></span>h (2021<span class=\"_ _2\"></span>: \u00a34.0 mill<span class=\"_ _0\"></span>ion) is retaine<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e event of <span class=\"ls2\"> </span>a defaul<span class=\"_ _0\"></span>t by the Gro<span class=\"_ _0\"></span>up on a l<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ter of cred<span class=\"_ _0\"></span>it. T<span class=\"_ _0\"></span>his ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent ca<span class=\"_ _0\"></span>n be rep<span class=\"_ _0\"></span>lace<span class=\"_ _0\"></span>d at any tim<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Other Financial A<span class=\"_ _2\"></span>ssets<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n of the Gro<span class=\"_ _0\"></span>up\u2019s fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al asset<span class=\"_ _0\"></span>s are co<span class=\"_ _0\"></span>mpri<span class=\"_ _0\"></span>sed of invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts that d<span class=\"_ _0\"></span>o not have a quoted m<span class=\"_ _0\"></span>arket p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>e in an ac<span class=\"_ _0\"></span>tive ma<span class=\"_ _0\"></span>rket and w<span class=\"_ _0\"></span>hose f<span class=\"_ _0\"></span>air </span>value c<span class=\"_ _0\"></span>annot b<span class=\"_ _0\"></span>e reliab<span class=\"_ _0\"></span>ly me<span class=\"_ _0\"></span>asured<span class=\"_ _0\"></span>. Su<span class=\"_ _0\"></span>ch invest<span class=\"_ _0\"></span>ments a<span class=\"_ _0\"></span>re measu<span class=\"_ _0\"></span>red at c<span class=\"_ _0\"></span>ost le<span class=\"_ _0\"></span>ss provisi<span class=\"_ _0\"></span>on for i<span class=\"_ _0\"></span>mpair<span class=\"_ _0\"></span>ment w<span class=\"_ _0\"></span>here a<span class=\"_ _0\"></span>pprop<span class=\"_ _0\"></span>riate and a<span class=\"_ _0\"></span>pplic<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Derivativ<span class=\"_ _2\"></span>e Instruments (<span class=\"_ _2\"></span>Interest R<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>te Swaps<span class=\"_ _2\"></span> &amp; Foreign<span class=\"_ _2\"></span> Currency F<span class=\"_ _2\"></span>or<span class=\"_ _0\"></span>wards<span class=\"_ _2\"></span>)<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>es of interest r<span class=\"_ _0\"></span>ate swaps and fore<span class=\"_ _0\"></span>ign cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>ncy for<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rds are cal<span class=\"_ _0\"></span>culate<span class=\"_ _0\"></span>d as the pre<span class=\"_ _0\"></span>sent val<span class=\"_ _0\"></span>ue of the e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>d fut<span class=\"_ _0\"></span>ure cash f<span class=\"_ _0\"></span>lows b<span class=\"_ _0\"></span>ased<span class=\"_ _0\"></span> </span>on th<span class=\"_ _0\"></span>e terms a<span class=\"_ _0\"></span>nd matur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of each c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ract a<span class=\"_ _0\"></span>nd using t<span class=\"_ _0\"></span>he sp<span class=\"_ _0\"></span>ot, for<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y rates and ma<span class=\"_ _0\"></span>rket intere<span class=\"_ _0\"></span>st rates as ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>able for a s<span class=\"_ _0\"></span>imilar<span class=\"_ _0\"></span> instr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt at the m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt date. Fair value<span class=\"_ _0\"></span>s ref<span class=\"_ _0\"></span>lec<span class=\"_ _0\"></span>t the c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t risk of th<span class=\"_ _0\"></span>e instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent and in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts to take acc<span class=\"_ _0\"></span>ount of th<span class=\"_ _0\"></span>e cred<span class=\"_ _0\"></span>it risk of th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p entit<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d cou<span class=\"_ _0\"></span>nterpa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y whe<span class=\"_ _0\"></span>re appro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iate.<span class=\"_ _363\"> </span>Interest Bearing<span class=\"_ _2\"></span> Loans and Borrowings<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">For f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ating r<span class=\"_ _0\"></span>ate interest be<span class=\"_ _0\"></span>arin<span class=\"_ _0\"></span>g loans a<span class=\"_ _0\"></span>nd bo<span class=\"_ _0\"></span>rrowin<span class=\"_ _0\"></span>gs wit<span class=\"_ _0\"></span>h a cont<span class=\"_ _0\"></span>ractu<span class=\"_ _0\"></span>al repr<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ng date of less t<span class=\"_ _0\"></span>han six m<span class=\"_ _0\"></span>onths<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e nomi<span class=\"_ _0\"></span>nal amo<span class=\"_ _0\"></span>unt is de<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ed </span>to refle<span class=\"_ _0\"></span>ct fa<span class=\"_ _0\"></span>ir value. F<span class=\"_ _0\"></span>or lo<span class=\"_ _0\"></span>ans wit<span class=\"_ _0\"></span>h repr<span class=\"_ _0\"></span>icin<span class=\"_ _0\"></span>g dates of greater t<span class=\"_ _0\"></span>han six m<span class=\"_ _0\"></span>onths<span class=\"_ _0\"></span>, the f<span class=\"_ _0\"></span>air value is c<span class=\"_ _0\"></span>alcu<span class=\"_ _0\"></span>lated base<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he pres<span class=\"_ _0\"></span>ent valu<span class=\"_ _0\"></span>e of the exp<span class=\"_ _0\"></span>ecte<span class=\"_ _0\"></span>d fut<span class=\"_ _0\"></span>ure pri<span class=\"_ _0\"></span>ncip<span class=\"_ _0\"></span>al and intere<span class=\"_ _0\"></span>st cash f<span class=\"_ _0\"></span>lows dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nted at interes<span class=\"_ _0\"></span>t rates ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive at th<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce sh<span class=\"_ _0\"></span>eet d<span class=\"_ _0\"></span>ate and adjus<span class=\"_ _0\"></span>ted for cre<span class=\"_ _0\"></span>dit sp<span class=\"_ _0\"></span>read.<span class=\"_ _363\"> </span>21. <span class=\"_ _1f2\"> </span>Financial Instruments and Financial R<span class=\"_ _4\"></span>isk<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e following t<span class=\"_ _0\"></span>able s<span class=\"_ _0\"></span>hows the f<span class=\"_ _0\"></span>air value<span class=\"_ _0\"></span>s of fina<span class=\"_ _0\"></span>ncial as<span class=\"_ _0\"></span>sets a<span class=\"_ _0\"></span>nd liabil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s inclu<span class=\"_ _0\"></span>ding th<span class=\"_ _0\"></span>eir l<span class=\"_ _0\"></span>evel in th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e hie<span class=\"_ _0\"></span>rarchy, which are c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d Level 2<span class=\"_ _0\"></span>. It do<span class=\"_ _0\"></span>es not in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e inform<span class=\"_ _0\"></span>ation fo<span class=\"_ _0\"></span>r fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al asset<span class=\"_ _0\"></span>s and f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es not me<span class=\"_ _0\"></span>asured at fa<span class=\"_ _0\"></span>ir value i<span class=\"_ _0\"></span>f the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying am<span class=\"_ _0\"></span>ount is a<span class=\"_ _0\"></span> reason<span class=\"_ _0\"></span>able a<span class=\"_ _0\"></span>pproximat<span class=\"_ _0\"></span>ion of fair va<span class=\"_ _0\"></span>lue. D<span class=\"_ _0\"></span>efer<span class=\"_ _0\"></span>red c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>on is cl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>ied as L<span class=\"_ _0\"></span>evel 3.<span class=\"_ _363\"> </span>2022 T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>Lev<span class=\"_ _0\"></span>el 2 \u00a3\u2019000<span class=\"_ _363\"> </span>Liabilities measured<span class=\"_ _4\"></span> and recognised at fair<span class=\"_ _2\"></span> value<span class=\"_ _363\"> </span>Des<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>s he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>Ot<span class=\"_ _0\"></span>her d<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ivative i<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts<span class=\"_ _218\"> </span><span class=\"ff83 ls35 ws2b\">(2<span class=\"_ _0\"></span>9)<span class=\"_ _c1\"> </span>(<span class=\"_ _0\"></span>29)<span class=\"_ _363\"> </span></span>Liabilities not<span class=\"_ _2\"></span> measure<span class=\"_ _0\"></span>d at f<span class=\"_ _4\"></span>air value<span class=\"_ _363\"> </span>Li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s at a<span class=\"_ _0\"></span>mor<span class=\"_ _3\"></span>tise<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>st<span class=\"_ _363\"> </span>US se<span class=\"_ _0\"></span>nior n<span class=\"_ _0\"></span>otes<span class=\"_ _24e\"> </span><span class=\"ff83 ls1a ws7d\">(1<span class=\"_ _2\"></span>26<span class=\"_ _0\"></span>,605<span class=\"_ _0\"></span>)<span class=\"_ _2b\"> </span>(1<span class=\"_ _2\"></span>26,6<span class=\"_ _0\"></span>05)<span class=\"_ _363\"> </span></span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Lev<span class=\"_ _0\"></span>el 2<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Liabilities measured<span class=\"_ _4\"></span> and recognised at fair<span class=\"_ _2\"></span> value<span class=\"_ _363\"> </span>Des<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>s he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>Ot<span class=\"_ _0\"></span>her d<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ivative i<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts<span class=\"_ _2ab\"> </span><span class=\"lse4 wsdc\">(8)<span class=\"_ _f4\"> </span>(8)<span class=\"_ _363\"> </span></span>Liabilities not<span class=\"_ _2\"></span> measure<span class=\"_ _0\"></span>d at f<span class=\"_ _4\"></span>air value<span class=\"_ _363\"> </span>Li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s at a<span class=\"_ _0\"></span>mor<span class=\"_ _3\"></span>tise<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>st<span class=\"_ _363\"> </span>US se<span class=\"_ _0\"></span>nior n<span class=\"_ _0\"></span>otes<span class=\"_ _11c\"> </span><span class=\"lse0 wsd7\">(<span class=\"_ _0\"></span>13<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _34\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _1af\"> </span>(<span class=\"_ _0\"></span>13<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _34\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span>Level<span class=\"_ _2\"></span> 2 Fair V<span class=\"_ _2\"></span>alues<span class=\"_ _363\"> </span>Ty<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>e<span class=\"_ _2ac\"> </span><span class=\"ls11f ws11d\">Valuation<span class=\"_ _2\"></span> technique<span class=\"_ _2ad\"> </span><span class=\"lsf6 wsef\">Significant unobservable inputs<span class=\"_ _363\"> </span></span></span>Inter-relationship between k<span class=\"_ _2\"></span>ey un<span class=\"_ _0\"></span>ob<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d fa<span class=\"_ _0\"></span>ir va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e measurement<span class=\"_ _363\"> </span>Financial assets and l<span class=\"_ _4\"></span>iabilities measured<span class=\"_ _2\"></span> a<span class=\"_ _0\"></span>t fair<span class=\"_ _2\"></span> value Fore<span class=\"_ _0\"></span>ign cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy for<span class=\"_ _0\"></span>ward<span class=\"_ _0\"></span>s<span class=\"_ _1b\"> </span>T<span class=\"_ _0\"></span>he fair v<span class=\"_ _0\"></span>alue of forei<span class=\"_ _0\"></span>gn cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y for<span class=\"_ _0\"></span>wards is c<span class=\"_ _0\"></span>alcul<span class=\"_ _0\"></span>ated as the<span class=\"_ _0\"></span> prese<span class=\"_ _0\"></span>nt value of t<span class=\"_ _0\"></span>he est<span class=\"_ _0\"></span>imated futu<span class=\"_ _0\"></span>re cashf<span class=\"_ _0\"></span>lows bas<span class=\"_ _0\"></span>ed on<span class=\"_ _0\"></span> obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>e yie<span class=\"_ _0\"></span>ld cur<span class=\"_ _3\"></span>ves, sp<span class=\"_ _0\"></span>ot and for<span class=\"_ _0\"></span>ward cu<span class=\"_ _0\"></span>rren<span class=\"_ _0\"></span>cy rates<span class=\"_ _363\"> </span>Not applicable<span class=\"_ _2ae\"> </span>Not applicable<span class=\"_ _363\"> </span>Financial assets and l<span class=\"_ _4\"></span>iabilities not<span class=\"_ _2\"></span> hel<span class=\"_ _0\"></span>d at<span class=\"_ _4\"></span> fair value<span class=\"_ _363\"> </span>Other financial li<span class=\"_ _4\"></span>abilitie<span class=\"_ _4\"></span>s*<span class=\"_ _d0\"> </span><span class=\"ls0 ws0\">D<span class=\"_ _0\"></span>isc<span class=\"_ _0\"></span>ounted c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows<span class=\"_ _8b\"> </span><span class=\"lsc ws10\">Not applicable<span class=\"_ _2ae\"> </span>Not applicable<span class=\"_ _363\"> </span></span></span>*  <span class=\"_ _32\"> </span>O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e Euro b<span class=\"_ _0\"></span>ank l<span class=\"_ _0\"></span>oa<span class=\"_ _0\"></span>ns an<span class=\"_ _0\"></span>d US se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or no<span class=\"_ _0\"></span>tes.<span class=\"_ _363\"> </span>Level<span class=\"_ _2\"></span> 3 Fair V<span class=\"_ _2\"></span>alues<span class=\"_ _363\"> </span>Ty<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>e<span class=\"_ _2ac\"> </span><span class=\"ls11f ws11d\">Valuation<span class=\"_ _2\"></span> technique<span class=\"_ _2ad\"> </span><span class=\"lsf6 wsef\">Significant unobservable inputs<span class=\"_ _363\"> </span></span></span>Inter-relationship between k<span class=\"_ _2\"></span>ey un<span class=\"_ _0\"></span>ob<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d fa<span class=\"_ _0\"></span>ir va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e measurement<span class=\"_ _363\"> </span>Financial assets and l<span class=\"_ _4\"></span>iabilities measured<span class=\"_ _2\"></span> a<span class=\"_ _0\"></span>t fair<span class=\"_ _2\"></span> value Deferred<span class=\"_ _2\"></span> consideration<span class=\"_ _f5\"> </span><span class=\"ls0 ws0\">T<span class=\"_ _0\"></span>he fair v<span class=\"_ _0\"></span>alue of defe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d </span>cons<span class=\"_ _0\"></span>ider<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n is calc<span class=\"_ _0\"></span>ulated assumi<span class=\"_ _0\"></span>ng a prob<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>y of payo<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h will be bas<span class=\"_ _0\"></span>ed on a<span class=\"_ _0\"></span>chie<span class=\"_ _0\"></span>veme<span class=\"_ _0\"></span>nt of EBI<span class=\"_ _0\"></span>TDA t<span class=\"_ _0\"></span>arget<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d disco<span class=\"_ _0\"></span>unted to present v<span class=\"_ _0\"></span>alue usi<span class=\"_ _0\"></span>ng mar<span class=\"_ _0\"></span>ket der<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>d disco<span class=\"_ _0\"></span>unt rates. T<span class=\"_ _0\"></span>he fa<span class=\"_ _0\"></span>ir value<span class=\"_ _0\"></span> assum<span class=\"_ _0\"></span>es achi<span class=\"_ _0\"></span>evem<span class=\"_ _0\"></span>ent of targ<span class=\"_ _0\"></span>ets but is s<span class=\"_ _0\"></span>ensit<span class=\"_ _0\"></span>ive to chan<span class=\"_ _0\"></span>ge in th<span class=\"_ _0\"></span>e assessed probability of achieving targets. Not applicable<span class=\"_ _2ae\"> </span>Not applicable<span class=\"_ _363\"> </span>21. <span class=\"_ _1f2\"> </span>Financial Instruments and Financial R<span class=\"_ _4\"></span>isk<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Risk Exposure<span class=\"_ _2\"></span>s and Group Treasury Polic<span class=\"_ _4\"></span>y<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group\u2019s op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ions e<span class=\"_ _0\"></span>xpo<span class=\"_ _0\"></span>se it to var<span class=\"_ _0\"></span>ious f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial r<span class=\"_ _0\"></span>isks th<span class=\"_ _0\"></span>at inclu<span class=\"_ _0\"></span>de cre<span class=\"_ _0\"></span>dit r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>, liqui<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>y ris<span class=\"_ _0\"></span>k, c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>rency r<span class=\"_ _0\"></span>isk an<span class=\"_ _0\"></span>d interest r<span class=\"_ _0\"></span>ate risk<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Group<span class=\"_ _0\"></span>\u2019s treasu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y pol<span class=\"_ _0\"></span>icie<span class=\"_ _0\"></span>s, whi<span class=\"_ _0\"></span>ch are re<span class=\"_ _0\"></span>gular<span class=\"_ _0\"></span>ly rev<span class=\"_ _0\"></span>iewe<span class=\"_ _0\"></span>d, are d<span class=\"_ _0\"></span>esign<span class=\"_ _0\"></span>ed to red<span class=\"_ _0\"></span>uce f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial r<span class=\"_ _0\"></span>isk in a c<span class=\"_ _0\"></span>ost-<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ent way. A limited num<span class=\"_ _0\"></span>ber of fore<span class=\"_ _0\"></span>ign cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy spot c<span class=\"_ _0\"></span>ontra<span class=\"_ _0\"></span>cts<span class=\"_ _0\"></span>, foreig<span class=\"_ _0\"></span>n exchan<span class=\"_ _0\"></span>ge swaps<span class=\"_ _0\"></span>, forei<span class=\"_ _0\"></span>gn cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y for<span class=\"_ _0\"></span>wards a<span class=\"_ _0\"></span>nd interest r<span class=\"_ _0\"></span>ate swaps are und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aken pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>odic<span class=\"_ _0\"></span>ally to he<span class=\"_ _0\"></span>dge u<span class=\"_ _0\"></span>nder<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing interes<span class=\"_ _0\"></span>t rate, fair valu<span class=\"_ _0\"></span>e and c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>ncy e<span class=\"_ _0\"></span>xpos<span class=\"_ _0\"></span>ures and i<span class=\"_ _0\"></span>t is Bo<span class=\"_ _0\"></span>ard po<span class=\"_ _0\"></span>licy to man<span class=\"_ _0\"></span>age th<span class=\"_ _0\"></span>ese r<span class=\"_ _0\"></span>isks in a no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-s<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>culati<span class=\"_ _0\"></span>ve mann<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group h<span class=\"_ _0\"></span>as exp<span class=\"_ _0\"></span>osure to the fo<span class=\"_ _0\"></span>llowing r<span class=\"_ _0\"></span>isks fro<span class=\"_ _0\"></span>m its us<span class=\"_ _0\"></span>e of fin<span class=\"_ _0\"></span>ancia<span class=\"_ _0\"></span>l instr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Cre<span class=\"_ _0\"></span>dit ri<span class=\"_ _0\"></span>sk;<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"lsc ws10\">Liquidit<span class=\"_ _0\"></span>y risk;<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y risk<span class=\"_ _0\"></span>; an<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Interest r<span class=\"_ _0\"></span>ate risk<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span></span>Risk Exposure<span class=\"_ _2\"></span>s and Group Treasury Polic<span class=\"_ _4\"></span>y<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e manne<span class=\"_ _0\"></span>r in whi<span class=\"_ _0\"></span>ch the G<span class=\"_ _0\"></span>roup is e<span class=\"_ _0\"></span>xpo<span class=\"_ _0\"></span>sed to eac<span class=\"_ _0\"></span>h of thes<span class=\"_ _0\"></span>e risks a<span class=\"_ _0\"></span>nd the r<span class=\"_ _0\"></span>isk ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>ment p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>ies ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d are discu<span class=\"_ _0\"></span>ssed b<span class=\"_ _0\"></span>elow. Th<span class=\"_ _0\"></span>e Boa<span class=\"_ _0\"></span>rd of Dire<span class=\"_ _0\"></span>ctors h<span class=\"_ _0\"></span>as the ove<span class=\"_ _0\"></span>rall resp<span class=\"_ _0\"></span>onsib<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y for th<span class=\"_ _0\"></span>e esta<span class=\"_ _0\"></span>blishm<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d oversig<span class=\"_ _0\"></span>ht of the Gro<span class=\"_ _0\"></span>up\u2019s risk m<span class=\"_ _0\"></span>anage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt fram<span class=\"_ _0\"></span>ewor<span class=\"_ _0\"></span>k. T<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>oard is re<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>nsible<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>for deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>ing and m<span class=\"_ _0\"></span>onito<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up\u2019s risk ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>ment p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. The B<span class=\"_ _0\"></span>oa<span class=\"_ _0\"></span>rd and th<span class=\"_ _0\"></span>e Audit a<span class=\"_ _0\"></span>nd Risk C<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>tee have rev<span class=\"_ _0\"></span>iewe<span class=\"_ _0\"></span>d the pro<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ss for ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng, ev<span class=\"_ _0\"></span>aluatin<span class=\"_ _0\"></span>g and man<span class=\"_ _0\"></span>aging t<span class=\"_ _0\"></span>he sign<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>cant r<span class=\"_ _0\"></span>isks af<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e busin<span class=\"_ _0\"></span>ess.<span class=\"_ _363\"> </span>Credit Risk<span class=\"_ _363\"> </span>Credi<span class=\"_ _0\"></span>t risk a<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>s from c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t grante<span class=\"_ _0\"></span>d to custome<span class=\"_ _0\"></span>rs. C<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t risk als<span class=\"_ _0\"></span>o aris<span class=\"_ _0\"></span>es on c<span class=\"_ _0\"></span>ash and c<span class=\"_ _0\"></span>ash equ<span class=\"_ _0\"></span>ivale<span class=\"_ _0\"></span>nts, d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>vative f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial i<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts and c<span class=\"_ _0\"></span>ash and de<span class=\"_ _0\"></span>posi<span class=\"_ _0\"></span>ts wit<span class=\"_ _0\"></span>h banks a<span class=\"_ _0\"></span>nd f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial inst<span class=\"_ _0\"></span>itut<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>E<span class=\"_ _0\"></span>xpo<span class=\"_ _0\"></span>sure to cre<span class=\"_ _0\"></span>dit ri<span class=\"_ _0\"></span>sk is mon<span class=\"_ _0\"></span>itored o<span class=\"_ _0\"></span>n an on<span class=\"_ _0\"></span>goin<span class=\"_ _0\"></span>g basis. T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s exp<span class=\"_ _0\"></span>osure to cu<span class=\"_ _0\"></span>stome<span class=\"_ _0\"></span>r cred<span class=\"_ _0\"></span>it ris<span class=\"_ _0\"></span>k is diver<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied ove<span class=\"_ _0\"></span>r a large c<span class=\"_ _0\"></span>ustom<span class=\"_ _0\"></span>er base<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>and th<span class=\"_ _0\"></span>e inci<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ce of defaul<span class=\"_ _0\"></span>t by custo<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s is tightl<span class=\"_ _0\"></span>y manag<span class=\"_ _0\"></span>ed by B<span class=\"_ _0\"></span>usines<span class=\"_ _0\"></span>s Unit c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>rol teams<span class=\"_ _0\"></span>. Cre<span class=\"_ _0\"></span>dit insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e is in plac<span class=\"_ _0\"></span>e, sub<span class=\"_ _0\"></span>jec<span class=\"_ _0\"></span>t to annual renewa<span class=\"_ _0\"></span>l, to cover m<span class=\"_ _0\"></span>ajor ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ures in th<span class=\"_ _0\"></span>e UK an<span class=\"_ _0\"></span>d Irish m<span class=\"_ _0\"></span>ercha<span class=\"_ _0\"></span>nting bu<span class=\"_ _0\"></span>sines<span class=\"_ _0\"></span>ses. C<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t evaluat<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>re per<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>d reg<span class=\"_ _0\"></span>ular<span class=\"_ _0\"></span>ly. New custom<span class=\"_ _0\"></span>ers are<span class=\"_ _0\"></span> subje<span class=\"_ _0\"></span>ct to init<span class=\"_ _0\"></span>ial cre<span class=\"_ _0\"></span>dit c<span class=\"_ _0\"></span>hec<span class=\"_ _0\"></span>ks that in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e tra<span class=\"_ _0\"></span>de and ba<span class=\"_ _0\"></span>nk refere<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s and are g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>rally su<span class=\"_ _0\"></span>bjec<span class=\"_ _0\"></span>t to restr<span class=\"_ _0\"></span>icte<span class=\"_ _0\"></span>d cred<span class=\"_ _0\"></span>it limi<span class=\"_ _0\"></span>ts pri<span class=\"_ _0\"></span>or to deve<span class=\"_ _0\"></span>lopi<span class=\"_ _0\"></span>ng a <span class=\"ls2\"> </span>cred<span class=\"_ _0\"></span>it histor<span class=\"_ _3\"></span>y<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>Due to t<span class=\"_ _0\"></span>he est<span class=\"_ _0\"></span>ablish<span class=\"_ _0\"></span>ed natu<span class=\"_ _0\"></span>re of the busi<span class=\"_ _0\"></span>ness<span class=\"_ _0\"></span>es, a hi<span class=\"_ _0\"></span>gh pro<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>tion of cus<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs have lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-s<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>ing tra<span class=\"_ _0\"></span>ding rel<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>ships wi<span class=\"_ _0\"></span>th Grou<span class=\"_ _0\"></span>p co<span class=\"_ _0\"></span>mpani<span class=\"_ _0\"></span>es.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>ese es<span class=\"_ _0\"></span>tablish<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>ustome<span class=\"_ _0\"></span>rs are rev<span class=\"_ _0\"></span>iewe<span class=\"_ _0\"></span>d regul<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y for fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial stre<span class=\"_ _0\"></span>ngt<span class=\"_ _0\"></span>h and th<span class=\"_ _0\"></span>e app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>iatenes<span class=\"_ _0\"></span>s of their c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t limit<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group e<span class=\"_ _0\"></span>stab<span class=\"_ _0\"></span>lishes a p<span class=\"_ _0\"></span>rovisio<span class=\"_ _0\"></span>n for imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ent th<span class=\"_ _0\"></span>at repres<span class=\"_ _0\"></span>ents i<span class=\"_ _0\"></span>ts esti<span class=\"_ _0\"></span>mate of losse<span class=\"_ _0\"></span>s in resp<span class=\"_ _0\"></span>ect of t<span class=\"_ _0\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r rec<span class=\"_ _0\"></span>eivab<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e main com<span class=\"_ _0\"></span>pon<span class=\"_ _0\"></span>ents of thi<span class=\"_ _0\"></span>s provisi<span class=\"_ _0\"></span>on are a sp<span class=\"_ _0\"></span>eci<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>c loss c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nt that re<span class=\"_ _0\"></span>late to indivi<span class=\"_ _0\"></span>duall<span class=\"_ _0\"></span>y signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant exp<span class=\"_ _0\"></span>osure<span class=\"_ _0\"></span>s and a c<span class=\"_ _0\"></span>olle<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve loss c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nt esta<span class=\"_ _0\"></span>blishe<span class=\"_ _0\"></span>d for gro<span class=\"_ _0\"></span>ups of simila<span class=\"_ _0\"></span>r asset<span class=\"_ _0\"></span>s in resp<span class=\"_ _0\"></span>ect of l<span class=\"_ _0\"></span>osses t<span class=\"_ _0\"></span>hat have be<span class=\"_ _0\"></span>en in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>red bu<span class=\"_ _0\"></span>t not yet i<span class=\"_ _0\"></span>dent<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ed.<span class=\"_ _363\"> </span>Cash an<span class=\"_ _0\"></span>d sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t ter<span class=\"_ _0\"></span>m bank de<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>its are inves<span class=\"_ _0\"></span>ted wit<span class=\"_ _0\"></span>h a rang<span class=\"_ _0\"></span>e of banks<span class=\"_ _0\"></span>, all wit<span class=\"_ _0\"></span>h ori<span class=\"_ _0\"></span>ginal matu<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ies of les<span class=\"_ _0\"></span>s than 3 m<span class=\"_ _0\"></span>onths at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e maxi<span class=\"_ _0\"></span>mum ex<span class=\"_ _0\"></span>posu<span class=\"_ _0\"></span>re to credi<span class=\"_ _0\"></span>t risk is re<span class=\"_ _0\"></span>prese<span class=\"_ _0\"></span>nted by th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g amo<span class=\"_ _0\"></span>unt of each f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>uding d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>vative f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts,<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>in the b<span class=\"_ _4\"></span>alance sheet.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e maxi<span class=\"_ _0\"></span>mum ex<span class=\"_ _0\"></span>posu<span class=\"_ _0\"></span>re to credi<span class=\"_ _0\"></span>t risk at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>22 a<span class=\"_ _0\"></span>nd 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 2021 was: 2022 \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r rec<span class=\"_ _0\"></span>eivab<span class=\"_ _0\"></span>les<span class=\"_ _183\"> </span><span class=\"ff83 ls146 ws155\">2<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>7,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _db\"> </span></span><span class=\"ls20 ws19\">233,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>86<span class=\"_ _363\"> </span></span>Cash an<span class=\"_ _0\"></span>d cash e<span class=\"_ _0\"></span>quiva<span class=\"_ _0\"></span>lents<span class=\"_ _1ad\"> </span><span class=\"ff83 ls33 ws29\">7<span class=\"_ _3\"></span>11<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1<span class=\"_ _b0\"> </span></span><span class=\"lsc0 ws9a\">84<span class=\"_ _0\"></span>4,663<span class=\"_ _363\"> </span></span>9<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>15<span class=\"_ _10d\"> </span><span class=\"ff84 ls14 wsb9\">1,078,1<span class=\"_ _2\"></span>49<span class=\"_ _363\"> </span></span>Addi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al discl<span class=\"_ _0\"></span>osures in r<span class=\"_ _0\"></span>elati<span class=\"_ _0\"></span>on to the Gr<span class=\"_ _0\"></span>oup\u2019s exp<span class=\"_ _0\"></span>osure to cre<span class=\"_ _0\"></span>dit r<span class=\"_ _0\"></span>isk ar<span class=\"_ _0\"></span>ising fro<span class=\"_ _0\"></span>m tra<span class=\"_ _0\"></span>de and ot<span class=\"_ _0\"></span>her re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivabl<span class=\"_ _0\"></span>es is set o<span class=\"_ _0\"></span>ut in N<span class=\"_ _0\"></span>ote 1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e maxi<span class=\"_ _0\"></span>mum ex<span class=\"_ _0\"></span>posu<span class=\"_ _0\"></span>re to credi<span class=\"_ _0\"></span>t risk for c<span class=\"_ _0\"></span>ash an<span class=\"_ _0\"></span>d cash e<span class=\"_ _0\"></span>quival<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, base<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e dom<span class=\"_ _0\"></span>icile of t<span class=\"_ _0\"></span>he pare<span class=\"_ _0\"></span>nt bank<span class=\"_ _0\"></span>, at th<span class=\"_ _0\"></span>e rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng date was:<span class=\"_ _363\"> </span>Carr<span class=\"_ _0\"></span>ying Amount<span class=\"_ _363\"> </span>2022 \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>United Kingd<span class=\"_ _0\"></span>om<span class=\"_ _22c\"> </span><span class=\"ff83 ls6b wsb\">588,348<span class=\"_ _21\"> </span></span><span class=\"ls143 ws151\">7<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>5<span class=\"_ _34\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _363\"> </span></span>Repu<span class=\"_ _0\"></span>blic of Irela<span class=\"_ _0\"></span>nd<span class=\"_ _1dc\"> </span><span class=\"ff83 ls157 ws16b\">9<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>41<span class=\"_ _5d\"> </span></span><span class=\"ls14 wsb9\">55<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>825<span class=\"_ _363\"> </span></span>Netherlands<span class=\"_ _2af\"> </span><span class=\"ff83 ls31 ws27\">10<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>5<span class=\"_ _6c\"> </span></span><span class=\"ls143 ws151\">1<span class=\"_ _0\"></span>7,<span class=\"_ _34\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>9<span class=\"_ _363\"> </span></span>Finland<span class=\"_ _2b0\"> </span><span class=\"ff83 lse7 wsb8\">14<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>17<span class=\"_ _6c\"> </span></span><span class=\"ls143 ws151\">1<span class=\"_ _0\"></span>7,<span class=\"_ _3\"></span>5<span class=\"_ _34\"> </span>3<span class=\"_ _34\"> </span>8<span class=\"_ _363\"> </span></span>Fran<span class=\"_ _0\"></span>ce<span class=\"_ _2b1\"> </span><span class=\"ff83 ls8b ws7c\">5,050<span class=\"_ _60\"> </span></span><span class=\"ls19 ws13\">5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>15<span class=\"_ _363\"> </span></span>7<span class=\"_ _3\"></span>11,<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1<span class=\"_ _b4\"> </span><span class=\"ff84 lsc0 ws9a\">8<span class=\"_ _0\"></span>44,663<span class=\"_ _363\"> </span></span>21. <span class=\"_ _1f2\"> </span>Financial Instruments and Financial R<span class=\"_ _4\"></span>isk<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e major<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of the G<span class=\"_ _0\"></span>roup\u2019s cas<span class=\"_ _0\"></span>h on de<span class=\"_ _0\"></span>posi<span class=\"_ _0\"></span>t and ca<span class=\"_ _0\"></span>sh balan<span class=\"_ _0\"></span>ces is h<span class=\"_ _0\"></span>eld wi<span class=\"_ _0\"></span>th f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial inst<span class=\"_ _0\"></span>itut<span class=\"_ _0\"></span>ions t<span class=\"_ _0\"></span>hat have an up<span class=\"_ _0\"></span>per inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt grad<span class=\"_ _0\"></span>e cre<span class=\"_ _0\"></span>dit rati<span class=\"_ _0\"></span>ng.<span class=\"_ _363\"> </span>2022 \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Gross a<span class=\"_ _0\"></span>mount<span class=\"_ _0\"></span>s of cash and c<span class=\"_ _0\"></span>ash e<span class=\"_ _0\"></span>quival<span class=\"_ _0\"></span>ents<span class=\"_ _1da\"> </span><span class=\"ff83 ls33 ws29\">7<span class=\"_ _3\"></span>11,<span class=\"_ _34\"></span>8<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>6<span class=\"_ _e9\"> </span></span><span class=\"ls143 ws151\">8<span class=\"_ _3\"></span>5<span class=\"_ _34\"></span>7,1<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>7<span class=\"_ _363\"> </span></span>Am<span class=\"_ _0\"></span>ounts s<span class=\"_ _0\"></span>et of<span class=\"_ _0\"></span>f in the b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>*<span class=\"_ _fb\"> </span><span class=\"ff83 ls3f ws36\">(<span class=\"_ _0\"></span>14<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _b0\"> </span></span><span class=\"ls89 wsd0\">(<span class=\"_ _0\"></span>12<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>3<span class=\"_ _34\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>Net am<span class=\"_ _0\"></span>ounts of c<span class=\"_ _0\"></span>ash and c<span class=\"_ _0\"></span>ash eq<span class=\"_ _0\"></span>uival<span class=\"_ _0\"></span>ents in th<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t<span class=\"_ _1c9\"> </span><span class=\"ff83 ls33 ws29\">7<span class=\"_ _3\"></span>11<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _b0\"> </span></span><span class=\"lsc0 ws9a\">8<span class=\"_ _0\"></span>44,663<span class=\"_ _363\"> </span></span>*  <span class=\"_ _32\"> </span>T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p has n<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts in p<span class=\"_ _0\"></span>lac<span class=\"_ _0\"></span>e wi<span class=\"_ _0\"></span>th B<span class=\"_ _0\"></span>ank of Ir<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>nd an<span class=\"_ _0\"></span>d HS<span class=\"_ _0\"></span>BC B<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>k wit<span class=\"_ _0\"></span>h cas<span class=\"_ _0\"></span>h bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd ove<span class=\"_ _0\"></span>rdr<span class=\"_ _0\"></span>awn po<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns be<span class=\"_ _0\"></span>ing n<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>, as a l<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>al ri<span class=\"_ _0\"></span>ght of se<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>f ex<span class=\"_ _0\"></span>ist<span class=\"_ _0\"></span>s with each bank.<span class=\"_ _363\"> </span>Foreign<span class=\"_ _2\"></span> Currency Risk<span class=\"_ _2\"></span> M<span class=\"_ _0\"></span>anagement<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>ransac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal forei<span class=\"_ _0\"></span>gn excha<span class=\"_ _0\"></span>nge r<span class=\"_ _0\"></span>isk aris<span class=\"_ _0\"></span>es fro<span class=\"_ _0\"></span>m foreig<span class=\"_ _0\"></span>n cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, asset<span class=\"_ _0\"></span>s and liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es. Gro<span class=\"_ _0\"></span>up op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ions ma<span class=\"_ _0\"></span>nage fo<span class=\"_ _0\"></span>reign e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e tradi<span class=\"_ _0\"></span>ng risk<span class=\"_ _0\"></span>s agains<span class=\"_ _0\"></span>t thei<span class=\"_ _0\"></span>r func<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cies<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e major<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of tra<span class=\"_ _0\"></span>de co<span class=\"_ _0\"></span>ndu<span class=\"_ _0\"></span>cted by th<span class=\"_ _0\"></span>e Group<span class=\"_ _0\"></span>\u2019s Irish, D<span class=\"_ _0\"></span>utch a<span class=\"_ _0\"></span>nd Fin<span class=\"_ _0\"></span>nish busi<span class=\"_ _0\"></span>nesse<span class=\"_ _0\"></span>s is in euro<span class=\"_ _0\"></span>. S<span class=\"_ _0\"></span>terlin<span class=\"_ _0\"></span>g is the pr<span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>ipal cu<span class=\"_ _0\"></span>rren<span class=\"_ _0\"></span>cy for t<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p\u2019s UK busin<span class=\"_ _0\"></span>esse<span class=\"_ _0\"></span>s. Cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy ris<span class=\"_ _0\"></span>ks are reg<span class=\"_ _0\"></span>ularl<span class=\"_ _0\"></span>y mo<span class=\"_ _0\"></span>nitore<span class=\"_ _0\"></span>d and man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>d by utilisin<span class=\"_ _0\"></span>g for<span class=\"_ _0\"></span>ward fore<span class=\"_ _0\"></span>ign cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y cont<span class=\"_ _0\"></span>ract<span class=\"_ _0\"></span>s as appro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate for set<span class=\"_ _0\"></span>tlin<span class=\"_ _0\"></span>g liabili<span class=\"_ _0\"></span>ties a<span class=\"_ _0\"></span>rising f<span class=\"_ _0\"></span>rom t<span class=\"_ _0\"></span>he purc<span class=\"_ _0\"></span>hase of go<span class=\"_ _0\"></span>ods for re<span class=\"_ _0\"></span>sale i<span class=\"_ _0\"></span>n non<span class=\"_ _0\"></span>-f<span class=\"_ _0\"></span>unc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e major<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>ons ente<span class=\"_ _0\"></span>red into by Grou<span class=\"_ _0\"></span>p enti<span class=\"_ _0\"></span>ties a<span class=\"_ _0\"></span>re den<span class=\"_ _0\"></span>ominate<span class=\"_ _0\"></span>d in fun<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>onal cu<span class=\"_ _0\"></span>rren<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s and no si<span class=\"_ _0\"></span>gnif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant leve<span class=\"_ _0\"></span>l of hedgi<span class=\"_ _0\"></span>ng is req<span class=\"_ _0\"></span>uired<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>A prop<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion of th<span class=\"_ _0\"></span>e Group<span class=\"_ _0\"></span>\u2019s net wor<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h is den<span class=\"_ _0\"></span>omin<span class=\"_ _0\"></span>ated in euro<span class=\"_ _0\"></span>. This is ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d in profi<span class=\"_ _0\"></span>t af<span class=\"_ _0\"></span>ter ta<span class=\"_ _0\"></span>x reser<span class=\"_ _3\"></span>ves retai<span class=\"_ _0\"></span>ned in e<span class=\"_ _0\"></span>uro de<span class=\"_ _0\"></span>nom<span class=\"_ _0\"></span>inated tr<span class=\"_ _0\"></span>ading<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>and f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>mpan<span class=\"_ _0\"></span>ies whi<span class=\"_ _0\"></span>ch give<span class=\"_ _0\"></span>s rise to tr<span class=\"_ _0\"></span>anslati<span class=\"_ _0\"></span>on dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es on c<span class=\"_ _0\"></span>onvers<span class=\"_ _0\"></span>ion to ster<span class=\"_ _0\"></span>ling. B<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rowing<span class=\"_ _0\"></span>s made in a n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-f<span class=\"_ _0\"></span>unc<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y are swappe<span class=\"_ _0\"></span>d into a fun<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>onal cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>ncy.<span class=\"_ _363\"> </span>Sensitivit<span class=\"_ _0\"></span>y Analysis<span class=\"_ _363\"> </span>A ten per c<span class=\"_ _0\"></span>ent st<span class=\"_ _0\"></span>reng<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>ning of th<span class=\"_ _0\"></span>e ster<span class=\"_ _0\"></span>ling excha<span class=\"_ _0\"></span>nge r<span class=\"_ _0\"></span>ate against th<span class=\"_ _0\"></span>e euro e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e rate at the b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et date woul<span class=\"_ _0\"></span>d have dec<span class=\"_ _0\"></span>rease<span class=\"_ _0\"></span>d <span class=\"ls2\"> </span>equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and prof<span class=\"_ _0\"></span>it af<span class=\"_ _0\"></span>ter ta<span class=\"_ _0\"></span>x by the a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt shown b<span class=\"_ _0\"></span>elow. This assu<span class=\"_ _0\"></span>mes t<span class=\"_ _0\"></span>hat all var<span class=\"_ _0\"></span>iable<span class=\"_ _0\"></span>s, in p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cular t<span class=\"_ _0\"></span>he resul<span class=\"_ _0\"></span>ts and f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial p<span class=\"_ _0\"></span>osit<span class=\"_ _0\"></span>ion of eac<span class=\"_ _0\"></span>h <span class=\"ls2\"> </span>euro f<span class=\"_ _0\"></span>unct<span class=\"_ _0\"></span>ional c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>rency e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d interest r<span class=\"_ _0\"></span>ates, re<span class=\"_ _0\"></span>maine<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>nstant<span class=\"_ _0\"></span>. A ten pe<span class=\"_ _0\"></span>r cent we<span class=\"_ _0\"></span>akening of th<span class=\"_ _0\"></span>e ster<span class=\"_ _0\"></span>ling exch<span class=\"_ _0\"></span>ange r<span class=\"_ _0\"></span>ate against t<span class=\"_ _0\"></span>he euro<span class=\"_ _0\"></span> exchan<span class=\"_ _0\"></span>ge rate would h<span class=\"_ _0\"></span>ave an equ<span class=\"_ _0\"></span>al and op<span class=\"_ _0\"></span>posi<span class=\"_ _0\"></span>te effe<span class=\"_ _0\"></span>ct o<span class=\"_ _0\"></span>n the am<span class=\"_ _0\"></span>ounts s<span class=\"_ _0\"></span>hown be<span class=\"_ _0\"></span>low on t<span class=\"_ _0\"></span>he basis t<span class=\"_ _0\"></span>hat all var<span class=\"_ _0\"></span>iabl<span class=\"_ _0\"></span>es remai<span class=\"_ _0\"></span>n cons<span class=\"_ _0\"></span>tant<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Equity \u00a3\u2019000<span class=\"_ _363\"> </span>Pro<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it af<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x \u00a3\u2019000<span class=\"_ _363\"> </span>31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _363\"> </span>1<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>% st<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g of s<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>g cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ncy a<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>st t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>o<span class=\"_ _a9\"> </span><span class=\"ls144 ws152\">(6<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _20\"> </span><span class=\"ls35 ws2b\">(9,<span class=\"_ _0\"></span>42<span class=\"_ _0\"></span>4)<span class=\"_ _363\"> </span></span></span>31 De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>021<span class=\"_ _363\"> </span>1<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>% stre<span class=\"_ _0\"></span>ngt<span class=\"_ _0\"></span>heni<span class=\"_ _0\"></span>ng of sterli<span class=\"_ _0\"></span>ng cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y agains<span class=\"_ _0\"></span>t the e<span class=\"_ _0\"></span>uro<span class=\"_ _243\"> </span><span class=\"ls12f ws7a\">(52<span class=\"_ _0\"></span>,9<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>4)<span class=\"_ _b0\"> </span><span class=\"ls37 ws2d\">(<span class=\"_ _0\"></span>16<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span>Hedging<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group h<span class=\"_ _0\"></span>as exp<span class=\"_ _0\"></span>osure to cha<span class=\"_ _0\"></span>nges in i<span class=\"_ _0\"></span>nterest rates o<span class=\"_ _0\"></span>n ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tain d<span class=\"_ _0\"></span>ebt ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>ments a<span class=\"_ _0\"></span>nd ca<span class=\"_ _0\"></span>n hed<span class=\"_ _0\"></span>ge an el<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt of this ri<span class=\"_ _0\"></span>sk by enter<span class=\"_ _0\"></span>ing into interes<span class=\"_ _0\"></span>t rate swaps. T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re were no c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts o<span class=\"_ _0\"></span>utst<span class=\"_ _0\"></span>andin<span class=\"_ _0\"></span>g at 31 De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 (2021<span class=\"_ _2\"></span>: \u00a3<span class=\"_ _0\"></span>Nil<span class=\"_ _0\"></span>).<span class=\"_ _363\"> </span>Interest Rate Risk<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e major<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of the G<span class=\"_ _0\"></span>roup\u2019s on<span class=\"_ _0\"></span>goin<span class=\"_ _0\"></span>g ope<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>ns are f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>rom a mi<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ture of cash g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>rated fro<span class=\"_ _0\"></span>m op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ons an<span class=\"_ _0\"></span>d bor<span class=\"_ _0\"></span>rowings<span class=\"_ _0\"></span>. Ba<span class=\"_ _0\"></span>nk bor<span class=\"_ _0\"></span>rowing<span class=\"_ _0\"></span>s are init<span class=\"_ _0\"></span>ially s<span class=\"_ _0\"></span>ecu<span class=\"_ _0\"></span>red at f<span class=\"_ _0\"></span>loat<span class=\"_ _0\"></span>ing interes<span class=\"_ _0\"></span>t rates and inte<span class=\"_ _0\"></span>rest rate r<span class=\"_ _0\"></span>isk is mon<span class=\"_ _0\"></span>itored o<span class=\"_ _0\"></span>n an on<span class=\"_ _0\"></span>goin<span class=\"_ _0\"></span>g basis. Inte<span class=\"_ _0\"></span>rest rate swaps a<span class=\"_ _0\"></span>re used to ma<span class=\"_ _0\"></span>nage inte<span class=\"_ _0\"></span>rest rate risk wh<span class=\"_ _0\"></span>en c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>ered a<span class=\"_ _0\"></span>ppro<span class=\"_ _0\"></span>priate hav<span class=\"_ _0\"></span>ing reg<span class=\"_ _0\"></span>ard to the intere<span class=\"_ _0\"></span>st rate envi<span class=\"_ _0\"></span>ronm<span class=\"_ _0\"></span>ent.<span class=\"_ _363\"> </span>In Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r 201<span class=\"_ _2\"></span>8<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>roup r<span class=\"_ _0\"></span>aised \u20ac<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>6<span class=\"_ _0\"></span>0 millio<span class=\"_ _0\"></span>n (31 Dec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: \u00a314<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>.9 milli<span class=\"_ _0\"></span>on befo<span class=\"_ _0\"></span>re cos<span class=\"_ _0\"></span>ts) through a<span class=\"_ _0\"></span>n issue of uns<span class=\"_ _0\"></span>ecu<span class=\"_ _0\"></span>red se<span class=\"_ _0\"></span>nior n<span class=\"_ _0\"></span>otes in the U<span class=\"_ _0\"></span>S Pr<span class=\"_ _0\"></span>ivate Plac<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt mar<span class=\"_ _0\"></span>ket with ten a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>welve yea<span class=\"_ _0\"></span>r maturi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s at an averag<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>xed annu<span class=\"_ _0\"></span>al cou<span class=\"_ _0\"></span>pon of 2<span class=\"_ _0\"></span>.5 per c<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d used t<span class=\"_ _0\"></span>he pro<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>eds<span class=\"_ _0\"></span> rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d to refin<span class=\"_ _0\"></span>ance e<span class=\"_ _0\"></span>xisti<span class=\"_ _0\"></span>ng de<span class=\"_ _0\"></span>bt. T<span class=\"_ _0\"></span>he issu<span class=\"_ _0\"></span>e of these n<span class=\"_ _0\"></span>otes diver<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up\u2019s sourc<span class=\"_ _0\"></span>es of fu<span class=\"_ _0\"></span>nding by re<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>enteri<span class=\"_ _0\"></span>ng the U<span class=\"_ _0\"></span>S Pr<span class=\"_ _0\"></span>ivate Plac<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt mar<span class=\"_ _0\"></span>ket, ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d the mat<span class=\"_ _0\"></span>urit<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>rofile of d<span class=\"_ _0\"></span>ebt and p<span class=\"_ _0\"></span>rovide<span class=\"_ _0\"></span>d greate<span class=\"_ _0\"></span>r cer<span class=\"_ _3\"></span>taint<span class=\"_ _0\"></span>y over th<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t of debt for an e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>tende<span class=\"_ _0\"></span>d pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d at at<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>tive rates<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Group is a<span class=\"_ _0\"></span>lso exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to interest rate r<span class=\"_ _0\"></span>isk on i<span class=\"_ _0\"></span>ts dep<span class=\"_ _0\"></span>osit<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>Cash Flow Sensitivity Anal<span class=\"_ _0\"></span>ysis for V<span class=\"_ _2\"></span>ariabl<span class=\"_ _0\"></span>e Rate Instrument<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>A redu<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n of 50 ba<span class=\"_ _0\"></span>sis point<span class=\"_ _0\"></span>s in interest r<span class=\"_ _0\"></span>ates at the re<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>ting date woul<span class=\"_ _0\"></span>d have incre<span class=\"_ _0\"></span>ased p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t before t<span class=\"_ _0\"></span>ax and e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>ty by \u00a3<span class=\"_ _0\"></span>0.6 million (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a30.6<span class=\"_ _0\"></span> million<span class=\"_ _2\"></span>) on the bas<span class=\"_ _0\"></span>is of the Gro<span class=\"_ _0\"></span>up\u2019s gross d<span class=\"_ _0\"></span>ebt of \u00a370<span class=\"_ _0\"></span>2.8 m<span class=\"_ _0\"></span>illion at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2. \u00a31<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>1 million of th<span class=\"_ _0\"></span>e gross d<span class=\"_ _0\"></span>ebt is ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ed to var<span class=\"_ _0\"></span>iable r<span class=\"_ _0\"></span>ates with t<span class=\"_ _0\"></span>he interes<span class=\"_ _0\"></span>t rate on th<span class=\"_ _0\"></span>e US se<span class=\"_ _0\"></span>nior n<span class=\"_ _0\"></span>otes of \u00a31<span class=\"_ _2\"></span>41<span class=\"_ _2\"></span>.4 milli<span class=\"_ _0\"></span>on and t<span class=\"_ _0\"></span>he imp<span class=\"_ _0\"></span>licit i<span class=\"_ _0\"></span>nterest rate o<span class=\"_ _0\"></span>n lease li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>ies of \u00a34<span class=\"_ _0\"></span>49.<span class=\"_ _0\"></span>3 million is f<span class=\"_ _0\"></span>ixe<span class=\"_ _0\"></span>d. A<span class=\"_ _0\"></span>n incre<span class=\"_ _0\"></span>ase of 50 basis p<span class=\"_ _0\"></span>oints<span class=\"_ _0\"></span>, on t<span class=\"_ _0\"></span>he sam<span class=\"_ _0\"></span>e basis<span class=\"_ _0\"></span>, would have an e<span class=\"_ _0\"></span>qual an<span class=\"_ _0\"></span>d opp<span class=\"_ _0\"></span>osite ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t.<span class=\"_ _363\"> </span>21. <span class=\"_ _1f2\"> </span>Financial Instruments and Financial R<span class=\"_ _4\"></span>isk<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Capital Management<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e capi<span class=\"_ _0\"></span>tal st<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>cture of th<span class=\"_ _0\"></span>e Group c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>s share c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al, re<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>s and ne<span class=\"_ _0\"></span>t debt<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e overall ap<span class=\"_ _0\"></span>proac<span class=\"_ _0\"></span>h is to optimi<span class=\"_ _0\"></span>se share<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der val<span class=\"_ _0\"></span>ue by leve<span class=\"_ _0\"></span>ragin<span class=\"_ _0\"></span>g the bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et to an app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>iate level h<span class=\"_ _0\"></span>aving re<span class=\"_ _0\"></span>gard to ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omic a<span class=\"_ _0\"></span>nd<span class=\"_ _363\"> </span> tradi<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>ndit<span class=\"_ _0\"></span>ions in t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up\u2019s market<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e leve<span class=\"_ _0\"></span>l of internal c<span class=\"_ _0\"></span>ash ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n, cre<span class=\"_ _0\"></span>dit c<span class=\"_ _0\"></span>ondi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns gen<span class=\"_ _0\"></span>erall<span class=\"_ _0\"></span>y and intere<span class=\"_ _0\"></span>st rates paya<span class=\"_ _0\"></span>ble.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group\u2019s c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al str<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>ure is kept und<span class=\"_ _0\"></span>er on<span class=\"_ _0\"></span>goin<span class=\"_ _0\"></span>g revie<span class=\"_ _0\"></span>w and th<span class=\"_ _0\"></span>e debt c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nt is act<span class=\"_ _0\"></span>ivel<span class=\"_ _0\"></span>y manag<span class=\"_ _0\"></span>ed wit<span class=\"_ _0\"></span>h a vie<span class=\"_ _0\"></span>w to maintaini<span class=\"_ _0\"></span>ng dive<span class=\"_ _0\"></span>rsif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span> sources of funding, sign<span class=\"_ _2\"></span>if<span class=\"_ _0\"></span>icant undrawn faci<span class=\"_ _2\"></span>lities and cash deposits.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Dire<span class=\"_ _0\"></span>ctors m<span class=\"_ _0\"></span>oni<span class=\"_ _0\"></span>tor the C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any<span class=\"_ _0\"></span>\u2019s share pr<span class=\"_ _0\"></span>ice a<span class=\"_ _0\"></span>nd may fro<span class=\"_ _0\"></span>m time to ti<span class=\"_ _0\"></span>me exerc<span class=\"_ _0\"></span>ise th<span class=\"_ _0\"></span>eir powe<span class=\"_ _0\"></span>rs to make mar<span class=\"_ _0\"></span>ket purc<span class=\"_ _0\"></span>hases of th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mpany<span class=\"_ _0\"></span>\u2019s<span class=\"_ _363\"> </span> own share<span class=\"_ _0\"></span>s, at pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e levels w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>hey c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>er to be in t<span class=\"_ _0\"></span>he bes<span class=\"_ _0\"></span>t interest<span class=\"_ _0\"></span>s of the sha<span class=\"_ _0\"></span>reho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs ge<span class=\"_ _0\"></span>nera<span class=\"_ _0\"></span>lly, a<span class=\"_ _4\"></span>f<span class=\"_ _0\"></span>ter tak<span class=\"_ _0\"></span>ing ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt of the C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any<span class=\"_ _0\"></span>\u2019s<span class=\"_ _363\"> </span> overall fina<span class=\"_ _0\"></span>ncial posi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e prin<span class=\"_ _0\"></span>cipal b<span class=\"_ _0\"></span>ank cove<span class=\"_ _0\"></span>nants are a n<span class=\"_ _0\"></span>et de<span class=\"_ _0\"></span>bt to equit<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>atio limi<span class=\"_ _0\"></span>t of 85 pe<span class=\"_ _0\"></span>r ce<span class=\"_ _0\"></span>nt, E<span class=\"_ _0\"></span>BIT<span class=\"_ _0\"></span>DA intere<span class=\"_ _0\"></span>st cove<span class=\"_ _0\"></span>r of 3 times<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h exclud<span class=\"_ _0\"></span>es intere<span class=\"_ _0\"></span>st on le<span class=\"_ _0\"></span>ase<span class=\"_ _363\"> </span> liabili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, and a m<span class=\"_ _0\"></span>inimum s<span class=\"_ _0\"></span>hareh<span class=\"_ _0\"></span>olde<span class=\"_ _0\"></span>rs\u2019 e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>ty of \u00a31<span class=\"_ _4\"></span>.0 billion at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e US notes c<span class=\"_ _0\"></span>ovenants<span class=\"_ _0\"></span>, whi<span class=\"_ _0\"></span>ch are teste<span class=\"_ _0\"></span>d on a pre<span class=\"_ _3\"></span>-IF<span class=\"_ _0\"></span>RS 1<span class=\"_ _2\"></span>6 b<span class=\"_ _0\"></span>asis, ar<span class=\"_ _0\"></span>e a net de<span class=\"_ _0\"></span>bt to equi<span class=\"_ _0\"></span>ty r<span class=\"_ _0\"></span>atio lim<span class=\"_ _0\"></span>it of 85 pe<span class=\"_ _0\"></span>r ce<span class=\"_ _0\"></span>nt, E<span class=\"_ _0\"></span>BIT<span class=\"_ _0\"></span>DA intere<span class=\"_ _0\"></span>st cove<span class=\"_ _0\"></span>r of 4 times<span class=\"_ _0\"></span> and a mini<span class=\"_ _0\"></span>mum sha<span class=\"_ _0\"></span>reho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs\u2019 e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y of \u00a31<span class=\"_ _2\"></span>.2 b<span class=\"_ _0\"></span>illion at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2.<span class=\"_ _363\"> </span>At 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 the n<span class=\"_ _0\"></span>et (cash)/<span class=\"_ _2\"></span>de<span class=\"_ _0\"></span>bt to equit<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>atio was ne<span class=\"_ _0\"></span>gati<span class=\"_ _0\"></span>ve 0.5 per c<span class=\"_ _0\"></span>ent (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: neg<span class=\"_ _0\"></span>ative 8 p<span class=\"_ _0\"></span>er ce<span class=\"_ _0\"></span>nt) as the Gro<span class=\"_ _0\"></span>up was in a ne<span class=\"_ _0\"></span>t cash p<span class=\"_ _0\"></span>ositi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> of \u00a38.9 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a3139.0 million) and share<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s\u2019 eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y was \u00a31<span class=\"_ _2\"></span>.75 billion. E<span class=\"_ _0\"></span>BIT<span class=\"_ _0\"></span>DA<span class=\"_ _0\"></span>, f<span class=\"_ _0\"></span>rom c<span class=\"_ _0\"></span>ontinui<span class=\"_ _0\"></span>ng op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, for the ye<span class=\"_ _0\"></span>ar was \u00a33<span class=\"_ _0\"></span>81<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>2 million<span class=\"_ _0\"></span> (2021<span class=\"_ _2\"></span>: \u00a3<span class=\"_ _0\"></span>373.<span class=\"_ _0\"></span>4 million) and und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyin<span class=\"_ _0\"></span>g EBI<span class=\"_ _0\"></span>TD<span class=\"_ _0\"></span>A interest c<span class=\"_ _0\"></span>over for 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 was 32<span class=\"_ _0\"></span>.2 time<span class=\"_ _0\"></span>s (2021<span class=\"_ _2\"></span>: 18.0 times). On a pre<span class=\"_ _3\"></span>-IF<span class=\"_ _0\"></span>RS 1<span class=\"_ _2\"></span>6 b<span class=\"_ _0\"></span>asis, t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up had ne<span class=\"_ _0\"></span>t<span class=\"_ _363\"> </span> cash of \u00a34<span class=\"_ _0\"></span>58<span class=\"_ _0\"></span>.2 milli<span class=\"_ _0\"></span>on and E<span class=\"_ _0\"></span>BI<span class=\"_ _0\"></span>TDA for t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r was \u00a3307<span class=\"_ _2\"></span>.8 mill<span class=\"_ _0\"></span>ion an<span class=\"_ _0\"></span>d unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>ying E<span class=\"_ _0\"></span>BIT<span class=\"_ _0\"></span>DA intere<span class=\"_ _0\"></span>st cove<span class=\"_ _0\"></span>r for 20<span class=\"_ _0\"></span>22 was ne<span class=\"_ _0\"></span>gati<span class=\"_ _0\"></span>ve 99.<span class=\"_ _0\"></span>3 tim<span class=\"_ _0\"></span>es as the<span class=\"_ _0\"></span> Group h<span class=\"_ _0\"></span>ad net inte<span class=\"_ _0\"></span>rest in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Funding and<span class=\"_ _2\"></span> Liquidit<span class=\"_ _0\"></span>y<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group h<span class=\"_ _0\"></span>as cash res<span class=\"_ _0\"></span>ourc<span class=\"_ _0\"></span>es at its d<span class=\"_ _0\"></span>ispos<span class=\"_ _0\"></span>al thro<span class=\"_ _0\"></span>ugh th<span class=\"_ _0\"></span>e hol<span class=\"_ _0\"></span>ding of de<span class=\"_ _0\"></span>posi<span class=\"_ _0\"></span>ts and c<span class=\"_ _0\"></span>ash balan<span class=\"_ _0\"></span>ces of \u00a3<span class=\"_ _0\"></span>71<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>.7 million at th<span class=\"_ _0\"></span>e year e<span class=\"_ _0\"></span>nd (2021<span class=\"_ _2\"></span>: \u00a3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>7<span class=\"_ _0\"></span> millio<span class=\"_ _0\"></span>n<span class=\"_ _4\"></span>) whic<span class=\"_ _0\"></span>h toget<span class=\"_ _0\"></span>her wi<span class=\"_ _0\"></span>th und<span class=\"_ _0\"></span>rawn ban<span class=\"_ _0\"></span>k facilit<span class=\"_ _0\"></span>ies of \u00a3<span class=\"_ _0\"></span>226<span class=\"_ _0\"></span>.9 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a33<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4.7 million) and cas<span class=\"_ _0\"></span>h \u2013 fl<span class=\"_ _0\"></span>ow from o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ation p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>es f<span class=\"_ _0\"></span>lexib<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y in<span class=\"_ _363\"> </span> fin<span class=\"_ _0\"></span>ancin<span class=\"_ _0\"></span>g its o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ations<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e following a<span class=\"_ _0\"></span>re the un<span class=\"_ _0\"></span>disco<span class=\"_ _0\"></span>unted c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual m<span class=\"_ _0\"></span>aturi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s of finan<span class=\"_ _0\"></span>cial li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>ding intere<span class=\"_ _0\"></span>st pay<span class=\"_ _0\"></span>ments<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _363\"> </span>Carrying<span class=\"_ _363\"> </span> Amount<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Contractual <span class=\"ls2 ws0\"> </span>Cash Flow*<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Within <span class=\"ls2 ws0\"> </span>1<span class=\"_ _0\"></span> Ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Between<span class=\"_ _2\"></span> <span class=\"ls2 ws0\"> </span>1 an<span class=\"_ _0\"></span>d 2 Year<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Between<span class=\"_ _2\"></span> <span class=\"ls2 ws0\"> </span>2 an<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span>5<span class=\"_ _0\"></span> Ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Greater Than<span class=\"_ _363\"> </span>5<span class=\"_ _0\"></span> Ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Non-Derivative<span class=\"_ _2\"></span> Financial Liabilities<span class=\"_ _363\"> </span>Bank loans<span class=\"_ _bc\"> </span><span class=\"ff83 ls33 ws29\">112<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>8<span class=\"_ _db\"> </span><span class=\"ls89 wsd0\">12<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>,7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>6<span class=\"_ _46\"> </span><span class=\"ls47 ws3d\">3,<span class=\"_ _0\"></span>480<span class=\"_ _46\"> </span><span class=\"ls15 ws32\">3,49<span class=\"_ _0\"></span>0<span class=\"_ _a1\"> </span></span></span>12<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _79\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span></span></span>US se<span class=\"_ _0\"></span>nior n<span class=\"_ _0\"></span>otes<span class=\"_ _2b2\"> </span><span class=\"ff83 ls3f ws36\">141,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _db\"> </span><span class=\"ls33 ws29\">1<span class=\"_ _0\"></span>6<span class=\"_ _34\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>11<span class=\"_ _6d\"> </span><span class=\"ls18 ws12\">3,526<span class=\"_ _46\"> </span>3,<span class=\"_ _0\"></span>526<span class=\"_ _5b\"> </span><span class=\"ls31 ws27\">10<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _db\"> </span><span class=\"ls146 ws155\">14<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>0<span class=\"_ _363\"> </span></span></span></span></span></span>Lease liabi<span class=\"_ _2\"></span>lities<span class=\"_ _2b3\"> </span><span class=\"ff83 ls15 ws32\">4<span class=\"_ _0\"></span>49,3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>3<span class=\"_ _c2\"> </span><span class=\"ls13 ws22\">520,654<span class=\"_ _c4\"> </span><span class=\"ls134 ws145\">7<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>,10<span class=\"_ _3\"></span>4<span class=\"_ _c4\"> </span><span class=\"lsdb wsb1\">69,9<span class=\"_ _0\"></span>47<span class=\"_ _b4\"> </span><span class=\"lse7 wsb8\">18<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>8<span class=\"_ _2c\"> </span><span class=\"ls89 wsd0\">19<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>915<span class=\"_ _363\"> </span></span></span></span></span></span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r payable<span class=\"_ _0\"></span>s<span class=\"_ _2b4\"> </span><span class=\"ff83 ls13 ws22\">420,65<span class=\"_ _0\"></span>3<span class=\"_ _c2\"> </span>420,653<span class=\"_ _c2\"> </span>420,65<span class=\"_ _0\"></span>3<span class=\"_ _e7\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _363\"> </span></span></span>Derivative<span class=\"_ _4\"></span> Financial Instrume<span class=\"_ _0\"></span>nts<span class=\"_ _363\"> </span>Other derivati<span class=\"_ _4\"></span>ves<span class=\"_ _24b\"> </span><span class=\"ff83 ls20 ws19\">29<span class=\"_ _f5\"> </span>29<span class=\"_ _f5\"> </span>29<span class=\"_ _e7\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _363\"> </span></span></span>1,12<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>7<span class=\"_ _2b\"> </span><span class=\"lsc2 ws168\">1,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _3\"></span>3<span class=\"_ _96\"> </span><span class=\"ls155 ws169\">5<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>2<span class=\"_ _5b\"> </span><span class=\"ls14 wsb9\">76,9<span class=\"_ _0\"></span>63<span class=\"_ _96\"> </span><span class=\"ls8b ws7c\">31<span class=\"_ _2\"></span>5,09<span class=\"_ _0\"></span>3<span class=\"_ _2f\"> </span><span class=\"ls47 ws3d\">34<span class=\"_ _0\"></span>3,895<span class=\"_ _363\"> </span></span></span></span></span></span>*  <span class=\"_ _32\"> </span>I<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t bas<span class=\"_ _0\"></span>ed on t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ates in p<span class=\"_ _0\"></span>lac<span class=\"_ _0\"></span>e at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span> Carrying<span class=\"_ _363\"> </span> Amount<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Contractual <span class=\"ls2 ws0\"> </span>Cash Flow*<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Within <span class=\"ls2 ws0\"> </span>1<span class=\"_ _0\"></span> Ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Between<span class=\"_ _2\"></span> <span class=\"ls2 ws0\"> </span>1 an<span class=\"_ _0\"></span>d 2 Year<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Between<span class=\"_ _2\"></span> <span class=\"ls2 ws0\"> </span>2 an<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span>5<span class=\"_ _0\"></span> Ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Greater Than<span class=\"_ _363\"> </span>5<span class=\"_ _0\"></span> Ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Non-Derivative<span class=\"_ _2\"></span> Financial Liabilities<span class=\"_ _363\"> </span>Bank loans<span class=\"_ _bc\"> </span><span class=\"lsc0 ws9a\">1<span class=\"_ _5\"></span>22,7<span class=\"_ _2\"></span>29<span class=\"_ _2c\"> </span>1<span class=\"_ _2\"></span>22,67<span class=\"_ _2\"></span>6<span class=\"_ _c4\"> </span><span class=\"ls16 ws10c\">8<span class=\"_ _0\"></span>3,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>42<span class=\"_ _c4\"> </span><span class=\"ls13 ws22\">3<span class=\"_ _0\"></span>9,03<span class=\"_ _0\"></span>4<span class=\"_ _e7\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _363\"> </span></span></span></span></span>US se<span class=\"_ _0\"></span>nior n<span class=\"_ _0\"></span>otes<span class=\"_ _3a\"> </span><span class=\"lse0 wsd7\">13<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _2c\"> </span><span class=\"ls12a wsab\">1<span class=\"_ _2\"></span>60,2<span class=\"_ _4\"></span>50<span class=\"_ _6d\"> </span><span class=\"ls42 ws38\">3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>41<span class=\"_ _a3\"> </span>3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>41<span class=\"_ _5d\"> </span><span class=\"ls20 ws19\">1<span class=\"_ _2\"></span>0,023<span class=\"_ _b0\"> </span><span class=\"lse8 wsde\">14<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>5<span class=\"_ _363\"> </span></span></span></span></span></span>Lease liabi<span class=\"_ _2\"></span>lities<span class=\"_ _2b5\"> </span><span class=\"lsa7 ws9c\">4<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>,99<span class=\"_ _0\"></span>4<span class=\"_ _b0\"> </span><span class=\"ls14 wsb9\">5<span class=\"_ _0\"></span>36<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>325<span class=\"_ _5d\"> </span><span class=\"lsdd ws3b\">7<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>8<span class=\"_ _5d\"> </span></span></span></span><span class=\"ls6b\">65,256<span class=\"_ _b0\"> </span><span class=\"lsdd ws3b\">17<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>4<span class=\"_ _21\"> </span>2<span class=\"_ _3\"></span>21,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>7<span class=\"_ _363\"> </span></span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r payable<span class=\"_ _0\"></span>s<span class=\"_ _d5\"> </span><span class=\"lsdf wsd6\">4<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>,111<span class=\"_ _5b\"> </span>4<span class=\"_ _0\"></span>19<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>111<span class=\"_ _20\"> </span>4<span class=\"_ _3\"></span>19<span class=\"_ _3\"></span>,111<span class=\"_ _f7\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _114\"> </span>\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _363\"> </span></span>Derivative<span class=\"_ _4\"></span> Financial Instrume<span class=\"_ _0\"></span>nts<span class=\"_ _363\"> </span>Other derivati<span class=\"_ _4\"></span>ves<span class=\"_ _2b6\"> </span><span class=\"ls2 ws0\">8<span class=\"_ _f7\"> </span>8<span class=\"_ _f7\"> </span>8<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _363\"> </span></span>1,<span class=\"_ _0\"></span>12<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _1\"> </span>4<span class=\"_ _9d\"> </span><span class=\"ls12a wsab\">1<span class=\"_ _2\"></span>,2<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>8,37<span class=\"_ _2\"></span>0<span class=\"_ _db\"> </span><span class=\"ls1f wsc\">577<span class=\"_ _2\"></span>,4<span class=\"_ _2\"></span>90<span class=\"_ _21\"> </span><span class=\"ls143 ws151\">1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>7,<span class=\"_ _34\"></span>6<span class=\"_ _34\"></span>3<span class=\"_ _3\"></span>1<span class=\"_ _2c\"> </span><span class=\"lsdd ws3b\">18<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>7<span class=\"_ _11f\"> </span><span class=\"ls6b wsb\">365,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>92<span class=\"_ _363\"> </span></span></span></span></span></span>* <span class=\"_ _35\"> </span> Inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>es in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>st bas<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e rates i<span class=\"_ _0\"></span>n pla<span class=\"_ _0\"></span>ce at 31 D<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>21.<span class=\"_ _363\"> </span>21. <span class=\"_ _1f2\"> </span>Financial Instruments and Financial R<span class=\"_ _4\"></span>isk<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e following t<span class=\"_ _0\"></span>able i<span class=\"_ _0\"></span>ndic<span class=\"_ _0\"></span>ates the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ods in wh<span class=\"_ _0\"></span>ich c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows asso<span class=\"_ _0\"></span>ciated wi<span class=\"_ _0\"></span>th de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vatives t<span class=\"_ _0\"></span>hat are cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ow hed<span class=\"_ _0\"></span>ges are e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d to occu<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22 Carrying<span class=\"_ _363\"> </span>Amount<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>E<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted<span class=\"_ _363\"> </span>Cash Flow<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>6 Months<span class=\"_ _2\"></span> or<span class=\"_ _363\"> </span>Less<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>6 to 12<span class=\"_ _363\"> </span>Months<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>1 to 2<span class=\"_ _363\"> </span>Ye<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>2 to 3<span class=\"_ _363\"> </span>Ye<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>3 to 4 Ye<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>4 to 5<span class=\"_ _363\"> </span>Ye<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Other derivatives<span class=\"_ _178\"> </span><span class=\"ls35 ws2b\">(2<span class=\"_ _0\"></span>9)<span class=\"_ _b0\"> </span>(2<span class=\"_ _0\"></span>9)<span class=\"_ _b0\"> </span>(<span class=\"_ _0\"></span>29)<span class=\"_ _5f\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _6e\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _363\"> </span></span></span>31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Carrying<span class=\"_ _363\"> </span>Amount<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>E<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted<span class=\"_ _363\"> </span>Cash Flow<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>6 Months<span class=\"_ _2\"></span> or<span class=\"_ _363\"> </span>Less<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>6 to 12<span class=\"_ _363\"> </span>Months<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>1 to 2<span class=\"_ _363\"> </span>Ye<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>2 to 3<span class=\"_ _363\"> </span>Ye<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>3 to 4 Ye<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>4 to 5<span class=\"_ _363\"> </span>Ye<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Other derivati<span class=\"_ _4\"></span>ves<span class=\"_ _2b7\"> </span><span class=\"lse4 wsdc\">(8)<span class=\"_ _126\"> </span>(8)<span class=\"_ _126\"> </span>(8)<span class=\"_ _5f\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _6e\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _363\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-632": {
   "value": "21. <span class=\"_ _1f2\"> </span>Financial Instruments and Financial R<span class=\"_ _4\"></span>isk<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e fair value<span class=\"_ _0\"></span>s of fina<span class=\"_ _0\"></span>ncia<span class=\"_ _0\"></span>l assets a<span class=\"_ _0\"></span>nd liabi<span class=\"_ _0\"></span>litie<span class=\"_ _0\"></span>s toget<span class=\"_ _0\"></span>her wi<span class=\"_ _0\"></span>th th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing amo<span class=\"_ _0\"></span>unts sh<span class=\"_ _0\"></span>own in th<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce she<span class=\"_ _0\"></span>et ar<span class=\"_ _0\"></span>e as follows:<span class=\"_ _363\"> </span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _363\"> </span>Fair<span class=\"_ _4\"></span> value<span class=\"_ _363\"> </span>through OCI<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Amor<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span>cost<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal carrying value<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Fair<span class=\"_ _4\"></span> value \u00a3\u2019000<span class=\"_ _363\"> </span>Oth<span class=\"_ _0\"></span>er financial assets*<span class=\"_ _2a7\"> </span><span class=\"ff83 ls89 wsd0\">12<span class=\"_ _0\"></span>9<span class=\"_ _79\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _fa\"> </span></span>12<span class=\"_ _3\"></span>9<span class=\"_ _79\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r rec<span class=\"_ _0\"></span>eivab<span class=\"_ _0\"></span>les*<span class=\"_ _2a8\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _96\"> </span><span class=\"ls146 ws155\">2<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>7,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _34\"></span>4<span class=\"_ _b0\"> </span>2<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>7,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _79\"> </span></span>\u2013<span class=\"_ _363\"> </span></span>Lease receivables*<span class=\"_ _65\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _11d\"> </span><span class=\"ls15 ws32\">649<span class=\"_ _12f\"> </span>6<span class=\"_ _0\"></span>49<span class=\"_ _e7\"> </span></span>\u2013<span class=\"_ _363\"> </span></span>Cash an<span class=\"_ _0\"></span>d cash e<span class=\"_ _0\"></span>quiva<span class=\"_ _0\"></span>lents*<span class=\"_ _1be\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _db\"> </span><span class=\"ls33 ws29\">7<span class=\"_ _3\"></span>11,<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1<span class=\"_ _21\"> </span>7<span class=\"_ _0\"></span>11<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _34\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _f7\"> </span></span>\u2013<span class=\"_ _363\"> </span></span>12<span class=\"_ _0\"></span>9<span class=\"_ _a1\"> </span><span class=\"ls13 ws22\">980,<span class=\"_ _0\"></span>06<span class=\"_ _0\"></span>4<span class=\"_ _b4\"> </span><span class=\"ls134 ws145\">9<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>,19<span class=\"_ _0\"></span>3<span class=\"_ _79\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span></span></span>Fore<span class=\"_ _0\"></span>ign cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy for<span class=\"_ _0\"></span>ward<span class=\"_ _0\"></span>s<span class=\"_ _2a9\"> </span><span class=\"ff83 ls35 ws2b\">(2<span class=\"_ _0\"></span>9)<span class=\"_ _8b\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _1ca\"> </span></span>(2<span class=\"_ _0\"></span>9)<span class=\"_ _c1\"> </span>(<span class=\"_ _0\"></span>29)<span class=\"_ _363\"> </span></span>Euro ban<span class=\"_ _0\"></span>k loans<span class=\"_ _240\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _69\"> </span><span class=\"ls33 ws29\">(<span class=\"_ _3\"></span>11<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)<span class=\"_ _80\"> </span>(<span class=\"_ _3\"></span>112<span class=\"_ _34\"></span>,1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)<span class=\"_ _1af\"> </span><span class=\"ls36 wsf\">(1<span class=\"_ _5\"></span>1<span class=\"_ _2\"></span>3,81<span class=\"_ _2\"></span>5)<span class=\"_ _363\"> </span></span></span></span>US se<span class=\"_ _0\"></span>nior n<span class=\"_ _0\"></span>otes<span class=\"_ _13e\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _b2\"> </span><span class=\"ls3f ws36\">(<span class=\"_ _0\"></span>14<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>)<span class=\"_ _9d\"> </span>(<span class=\"_ _0\"></span>14<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _cc\"> </span><span class=\"ls1a ws7d\">(1<span class=\"_ _2\"></span>26,6<span class=\"_ _0\"></span>05)<span class=\"_ _363\"> </span></span></span></span>Lease liabi<span class=\"_ _2\"></span>lities<span class=\"_ _1b6\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _44\"> </span><span class=\"ls15 ws32\">(<span class=\"_ _2\"></span>4<span class=\"_ _0\"></span>49,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>03)<span class=\"_ _2b\"> </span>(449,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>03)<span class=\"_ _8b\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span></span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r payable<span class=\"_ _0\"></span>s*<span class=\"_ _210\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _44\"> </span><span class=\"ls13 ws22\">(<span class=\"_ _4\"></span>420,65<span class=\"_ _0\"></span>3)<span class=\"_ _2b\"> </span>(<span class=\"_ _2\"></span>42<span class=\"_ _0\"></span>0,653)<span class=\"_ _d1\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span></span></span>(2<span class=\"_ _0\"></span>9)<span class=\"_ _145\"> </span><span class=\"ls89 wsd0\">(<span class=\"_ _3\"></span>1,12<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _145\"> </span>(<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,12<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>)<span class=\"_ _1ea\"> </span></span>(2<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span>21. <span class=\"_ _1f2\"> </span>Financial Instruments and Financial R<span class=\"_ _4\"></span>isk<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Fair<span class=\"_ _4\"></span> value through OCI \u00a3\u2019000<span class=\"_ _363\"> </span>Amor<span class=\"_ _0\"></span>tise<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span>cos<span class=\"_ _0\"></span>t \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal carrying value \u00a3\u2019000<span class=\"_ _363\"> </span>Fair<span class=\"_ _4\"></span> value \u00a3\u2019000<span class=\"_ _363\"> </span>Oth<span class=\"_ _0\"></span>er financial assets*<span class=\"_ _2aa\"> </span><span class=\"ls89 wsd0\">12<span class=\"_ _0\"></span>6<span class=\"_ _79\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _1c\"> </span></span>12<span class=\"_ _0\"></span>6<span class=\"_ _79\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r rec<span class=\"_ _0\"></span>eivab<span class=\"_ _0\"></span>les*<span class=\"_ _2a8\"> </span><span class=\"ls2\">\u2013<span class=\"_ _96\"> </span><span class=\"ls20 ws19\">23<span class=\"_ _0\"></span>3,4<span class=\"_ _0\"></span>86<span class=\"_ _b4\"> </span>233,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>86<span class=\"_ _e7\"> </span></span>\u2013<span class=\"_ _363\"> </span></span>Lease receivables*<span class=\"_ _65\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _77\"> </span><span class=\"lsdd ws3b\">1,<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>3<span class=\"_ _60\"> </span>1,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>3<span class=\"_ _128\"> </span></span>\u2013<span class=\"_ _363\"> </span></span>Cash an<span class=\"_ _0\"></span>d cash e<span class=\"_ _0\"></span>quiva<span class=\"_ _0\"></span>lents*<span class=\"_ _1be\"> </span><span class=\"ls2\">\u2013<span class=\"_ _a1\"> </span><span class=\"lsc0 ws9a\">8<span class=\"_ _0\"></span>44,663<span class=\"_ _a1\"> </span>8<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>4,663<span class=\"_ _114\"> </span></span>\u2013<span class=\"_ _363\"> </span></span>12<span class=\"_ _0\"></span>6<span class=\"_ _1af\"> </span><span class=\"lsdd ws3b\">1,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>2<span class=\"_ _9d\"> </span>1,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>8<span class=\"_ _128\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span></span>Fore<span class=\"_ _0\"></span>ign cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy for<span class=\"_ _0\"></span>ward<span class=\"_ _0\"></span>s<span class=\"_ _21e\"> </span><span class=\"lse4 wsdc\">(8)<span class=\"_ _8b\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _1c1\"> </span><span class=\"lse4 wsdc\">(8)<span class=\"_ _f4\"> </span>(8)<span class=\"_ _363\"> </span></span></span>Euro ban<span class=\"_ _0\"></span>k loans<span class=\"_ _240\"> </span><span class=\"ls2\">\u2013<span class=\"_ _2f\"> </span><span class=\"lsc0 ws9a\">(1<span class=\"_ _2\"></span>22,<span class=\"_ _2\"></span>729<span class=\"_ _2\"></span>)<span class=\"_ _10d\"> </span>(1<span class=\"_ _2\"></span>22,<span class=\"_ _2\"></span>729<span class=\"_ _2\"></span>)<span class=\"_ _1af\"> </span><span class=\"ls20 ws19\">(1<span class=\"_ _2\"></span>23,01<span class=\"_ _2\"></span>7)<span class=\"_ _363\"> </span></span></span></span>US se<span class=\"_ _0\"></span>nior n<span class=\"_ _0\"></span>otes<span class=\"_ _13e\"> </span><span class=\"ls2\">\u2013<span class=\"_ _1ed\"> </span><span class=\"lse0 wsd7\">(<span class=\"_ _3\"></span>13<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _10d\"> </span>(<span class=\"_ _0\"></span>13<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _1af\"> </span>(<span class=\"_ _0\"></span>13<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _34\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span>Lease liabi<span class=\"_ _2\"></span>lities<span class=\"_ _1b6\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _92\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>4)<span class=\"_ _9d\"> </span>(4<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>4)<span class=\"_ _22\"> </span></span>\u2013<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r payable<span class=\"_ _0\"></span>s*<span class=\"_ _210\"> </span><span class=\"ls2\">\u2013<span class=\"_ _21\"> </span><span class=\"lsdf wsd6\">(<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>,111<span class=\"_ _0\"></span>)<span class=\"_ _a1\"> </span>(<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>19<span class=\"_ _3\"></span>,111<span class=\"_ _0\"></span>)<span class=\"_ _8a\"> </span></span>\u2013<span class=\"_ _363\"> </span></span>(8)<span class=\"_ _c3\"> </span><span class=\"ls132 ws146\">(<span class=\"_ _3\"></span>1,12<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>)<span class=\"_ _98\"> </span><span class=\"ls14e ws15e\">(<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>,12<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>74<span class=\"_ _34\"></span>4<span class=\"_ _3\"></span>)<span class=\"_ _44\"> </span><span class=\"ls14 wsb9\">(25<span class=\"_ _0\"></span>7<span class=\"_ _2\"></span>,473)<span class=\"_ _363\"> </span></span></span></span>*  <span class=\"_ _32\"> </span>T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p has n<span class=\"_ _0\"></span>ot dis<span class=\"_ _0\"></span>clo<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>d the f<span class=\"_ _0\"></span>air va<span class=\"_ _0\"></span>lue<span class=\"_ _0\"></span>s of f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al ins<span class=\"_ _0\"></span>tr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts s<span class=\"_ _0\"></span>uc<span class=\"_ _0\"></span>h as sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t te<span class=\"_ _0\"></span>rm re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>iv<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>es an<span class=\"_ _0\"></span>d paya<span class=\"_ _0\"></span>ble<span class=\"_ _0\"></span>s be<span class=\"_ _0\"></span>ca<span class=\"_ _0\"></span>use t<span class=\"_ _0\"></span>hei<span class=\"_ _0\"></span>r ca<span class=\"_ _0\"></span>rr<span class=\"_ _0\"></span>y<span class=\"_ _0\"></span>ing v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e clo<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>ly ap<span class=\"_ _0\"></span>prox<span class=\"_ _0\"></span>imate<span class=\"_ _0\"></span>s fair v<span class=\"_ _0\"></span>alu<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Fair<span class=\"_ _2\"></span> Value<span class=\"_ _363\"> </span>A numb<span class=\"_ _0\"></span>er of the G<span class=\"_ _0\"></span>roup\u2019s ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nting p<span class=\"_ _0\"></span>olici<span class=\"_ _0\"></span>es and d<span class=\"_ _0\"></span>isclo<span class=\"_ _0\"></span>sures re<span class=\"_ _0\"></span>quire th<span class=\"_ _0\"></span>e deter<span class=\"_ _0\"></span>minat<span class=\"_ _0\"></span>ion of fair va<span class=\"_ _0\"></span>lue, for b<span class=\"_ _0\"></span>oth f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial and n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial as<span class=\"_ _0\"></span>sets<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>and liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es. S<span class=\"_ _0\"></span>et o<span class=\"_ _0\"></span>ut be<span class=\"_ _0\"></span>low is an ana<span class=\"_ _0\"></span>lysis of f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ents c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d at fair valu<span class=\"_ _0\"></span>e, by valuat<span class=\"_ _0\"></span>ion m<span class=\"_ _0\"></span>etho<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nt leve<span class=\"_ _0\"></span>ls in the fa<span class=\"_ _0\"></span>ir value<span class=\"_ _0\"></span> hier<span class=\"_ _0\"></span>archy have b<span class=\"_ _0\"></span>een d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ined a<span class=\"_ _0\"></span>s follows:<span class=\"_ _363\"> </span>Level 1<span class=\"_ _4\"></span>: quoted (unadjus<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>) pric<span class=\"_ _0\"></span>es in ac<span class=\"_ _0\"></span>tive m<span class=\"_ _0\"></span>arkets fo<span class=\"_ _0\"></span>r ide<span class=\"_ _0\"></span>ntica<span class=\"_ _0\"></span>l assets o<span class=\"_ _0\"></span>r liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>Level 2<span class=\"_ _0\"></span>: inpu<span class=\"_ _0\"></span>ts othe<span class=\"_ _0\"></span>r tha<span class=\"_ _0\"></span>n quoted pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d with<span class=\"_ _0\"></span>in level 1 t<span class=\"_ _0\"></span>hat are o<span class=\"_ _0\"></span>bser<span class=\"_ _3\"></span>vable, e<span class=\"_ _0\"></span>ith<span class=\"_ _0\"></span>er dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y or ind<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>tly. Level 3: i<span class=\"_ _0\"></span>nput<span class=\"_ _0\"></span>s that are n<span class=\"_ _0\"></span>ot based o<span class=\"_ _0\"></span>n obs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le mar<span class=\"_ _0\"></span>ket data<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Fair value<span class=\"_ _0\"></span>s have be<span class=\"_ _0\"></span>en de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ined fo<span class=\"_ _0\"></span>r measu<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nt and<span class=\"_ _0\"></span>/<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>r discl<span class=\"_ _0\"></span>osure p<span class=\"_ _0\"></span>urp<span class=\"_ _0\"></span>oses b<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n the foll<span class=\"_ _0\"></span>owing me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>ds.<span class=\"_ _363\"> </span>Trade and Other R<span class=\"_ _2\"></span>eceivables/T<span class=\"_ _2\"></span>ra<span class=\"_ _0\"></span>de and Other P<span class=\"_ _2\"></span>ayables<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">For re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>les and p<span class=\"_ _0\"></span>ayable<span class=\"_ _0\"></span>s with a re<span class=\"_ _0\"></span>mainin<span class=\"_ _0\"></span>g life of less t<span class=\"_ _0\"></span>han six m<span class=\"_ _0\"></span>onths o<span class=\"_ _0\"></span>r dem<span class=\"_ _0\"></span>and bal<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span>s, fai<span class=\"_ _0\"></span>r value is t<span class=\"_ _0\"></span>he amo<span class=\"_ _0\"></span>unt that is p<span class=\"_ _0\"></span>ayable<span class=\"_ _0\"></span> </span>cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tually l<span class=\"_ _0\"></span>ess an im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>ment p<span class=\"_ _0\"></span>rovisio<span class=\"_ _0\"></span>n whe<span class=\"_ _0\"></span>re appro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate.<span class=\"_ _363\"> </span>Cash and<span class=\"_ _2\"></span> Cash Equivalents,<span class=\"_ _2\"></span> Inclu<span class=\"_ _0\"></span>ding Short T<span class=\"_ _2\"></span>erm Bank<span class=\"_ _4\"></span> Deposits<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">For s<span class=\"_ _0\"></span>hor<span class=\"_ _3\"></span>t term ban<span class=\"_ _0\"></span>k dep<span class=\"_ _0\"></span>osit<span class=\"_ _0\"></span>s and cas<span class=\"_ _0\"></span>h and c<span class=\"_ _0\"></span>ash equi<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nts, all of wh<span class=\"_ _0\"></span>ich have a re<span class=\"_ _0\"></span>maining m<span class=\"_ _0\"></span>aturi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of less th<span class=\"_ _0\"></span>an thre<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>nths<span class=\"_ _0\"></span>, the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying </span>amou<span class=\"_ _0\"></span>nt is a reaso<span class=\"_ _0\"></span>nable a<span class=\"_ _0\"></span>pproxim<span class=\"_ _0\"></span>ation of fai<span class=\"_ _0\"></span>r value. At 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>, \u00a34.0 mill<span class=\"_ _0\"></span>ion of cas<span class=\"_ _0\"></span>h (2021<span class=\"_ _2\"></span>: \u00a34.0 mill<span class=\"_ _0\"></span>ion) is retaine<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e event of <span class=\"ls2\"> </span>a defaul<span class=\"_ _0\"></span>t by the Gro<span class=\"_ _0\"></span>up on a l<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ter of cred<span class=\"_ _0\"></span>it. T<span class=\"_ _0\"></span>his ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent ca<span class=\"_ _0\"></span>n be rep<span class=\"_ _0\"></span>lace<span class=\"_ _0\"></span>d at any tim<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Other Financial A<span class=\"_ _2\"></span>ssets<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n of the Gro<span class=\"_ _0\"></span>up\u2019s fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al asset<span class=\"_ _0\"></span>s are co<span class=\"_ _0\"></span>mpri<span class=\"_ _0\"></span>sed of invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts that d<span class=\"_ _0\"></span>o not have a quoted m<span class=\"_ _0\"></span>arket p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>e in an ac<span class=\"_ _0\"></span>tive ma<span class=\"_ _0\"></span>rket and w<span class=\"_ _0\"></span>hose f<span class=\"_ _0\"></span>air </span>value c<span class=\"_ _0\"></span>annot b<span class=\"_ _0\"></span>e reliab<span class=\"_ _0\"></span>ly me<span class=\"_ _0\"></span>asured<span class=\"_ _0\"></span>. Su<span class=\"_ _0\"></span>ch invest<span class=\"_ _0\"></span>ments a<span class=\"_ _0\"></span>re measu<span class=\"_ _0\"></span>red at c<span class=\"_ _0\"></span>ost le<span class=\"_ _0\"></span>ss provisi<span class=\"_ _0\"></span>on for i<span class=\"_ _0\"></span>mpair<span class=\"_ _0\"></span>ment w<span class=\"_ _0\"></span>here a<span class=\"_ _0\"></span>pprop<span class=\"_ _0\"></span>riate and a<span class=\"_ _0\"></span>pplic<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Derivativ<span class=\"_ _2\"></span>e Instruments (<span class=\"_ _2\"></span>Interest R<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>te Swaps<span class=\"_ _2\"></span> &amp; Foreign<span class=\"_ _2\"></span> Currency F<span class=\"_ _2\"></span>or<span class=\"_ _0\"></span>wards<span class=\"_ _2\"></span>)<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>es of interest r<span class=\"_ _0\"></span>ate swaps and fore<span class=\"_ _0\"></span>ign cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>ncy for<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rds are cal<span class=\"_ _0\"></span>culate<span class=\"_ _0\"></span>d as the pre<span class=\"_ _0\"></span>sent val<span class=\"_ _0\"></span>ue of the e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>d fut<span class=\"_ _0\"></span>ure cash f<span class=\"_ _0\"></span>lows b<span class=\"_ _0\"></span>ased<span class=\"_ _0\"></span> </span>on th<span class=\"_ _0\"></span>e terms a<span class=\"_ _0\"></span>nd matur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of each c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ract a<span class=\"_ _0\"></span>nd using t<span class=\"_ _0\"></span>he sp<span class=\"_ _0\"></span>ot, for<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y rates and ma<span class=\"_ _0\"></span>rket intere<span class=\"_ _0\"></span>st rates as ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>able for a s<span class=\"_ _0\"></span>imilar<span class=\"_ _0\"></span> instr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt at the m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt date. Fair value<span class=\"_ _0\"></span>s ref<span class=\"_ _0\"></span>lec<span class=\"_ _0\"></span>t the c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t risk of th<span class=\"_ _0\"></span>e instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent and in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts to take acc<span class=\"_ _0\"></span>ount of th<span class=\"_ _0\"></span>e cred<span class=\"_ _0\"></span>it risk of th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p entit<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d cou<span class=\"_ _0\"></span>nterpa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y whe<span class=\"_ _0\"></span>re appro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iate.<span class=\"_ _363\"> </span>Interest Bearing<span class=\"_ _2\"></span> Loans and Borrowings<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">For f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ating r<span class=\"_ _0\"></span>ate interest be<span class=\"_ _0\"></span>arin<span class=\"_ _0\"></span>g loans a<span class=\"_ _0\"></span>nd bo<span class=\"_ _0\"></span>rrowin<span class=\"_ _0\"></span>gs wit<span class=\"_ _0\"></span>h a cont<span class=\"_ _0\"></span>ractu<span class=\"_ _0\"></span>al repr<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ng date of less t<span class=\"_ _0\"></span>han six m<span class=\"_ _0\"></span>onths<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e nomi<span class=\"_ _0\"></span>nal amo<span class=\"_ _0\"></span>unt is de<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ed </span>to refle<span class=\"_ _0\"></span>ct fa<span class=\"_ _0\"></span>ir value. F<span class=\"_ _0\"></span>or lo<span class=\"_ _0\"></span>ans wit<span class=\"_ _0\"></span>h repr<span class=\"_ _0\"></span>icin<span class=\"_ _0\"></span>g dates of greater t<span class=\"_ _0\"></span>han six m<span class=\"_ _0\"></span>onths<span class=\"_ _0\"></span>, the f<span class=\"_ _0\"></span>air value is c<span class=\"_ _0\"></span>alcu<span class=\"_ _0\"></span>lated base<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he pres<span class=\"_ _0\"></span>ent valu<span class=\"_ _0\"></span>e of the exp<span class=\"_ _0\"></span>ecte<span class=\"_ _0\"></span>d fut<span class=\"_ _0\"></span>ure pri<span class=\"_ _0\"></span>ncip<span class=\"_ _0\"></span>al and intere<span class=\"_ _0\"></span>st cash f<span class=\"_ _0\"></span>lows dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nted at interes<span class=\"_ _0\"></span>t rates ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive at th<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce sh<span class=\"_ _0\"></span>eet d<span class=\"_ _0\"></span>ate and adjus<span class=\"_ _0\"></span>ted for cre<span class=\"_ _0\"></span>dit sp<span class=\"_ _0\"></span>read.<span class=\"_ _363\"> </span>21. <span class=\"_ _1f2\"> </span>Financial Instruments and Financial R<span class=\"_ _4\"></span>isk<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e following t<span class=\"_ _0\"></span>able s<span class=\"_ _0\"></span>hows the f<span class=\"_ _0\"></span>air value<span class=\"_ _0\"></span>s of fina<span class=\"_ _0\"></span>ncial as<span class=\"_ _0\"></span>sets a<span class=\"_ _0\"></span>nd liabil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s inclu<span class=\"_ _0\"></span>ding th<span class=\"_ _0\"></span>eir l<span class=\"_ _0\"></span>evel in th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e hie<span class=\"_ _0\"></span>rarchy, which are c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d Level 2<span class=\"_ _0\"></span>. It do<span class=\"_ _0\"></span>es not in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e inform<span class=\"_ _0\"></span>ation fo<span class=\"_ _0\"></span>r fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al asset<span class=\"_ _0\"></span>s and f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es not me<span class=\"_ _0\"></span>asured at fa<span class=\"_ _0\"></span>ir value i<span class=\"_ _0\"></span>f the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying am<span class=\"_ _0\"></span>ount is a<span class=\"_ _0\"></span> reason<span class=\"_ _0\"></span>able a<span class=\"_ _0\"></span>pproximat<span class=\"_ _0\"></span>ion of fair va<span class=\"_ _0\"></span>lue. D<span class=\"_ _0\"></span>efer<span class=\"_ _0\"></span>red c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>on is cl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>ied as L<span class=\"_ _0\"></span>evel 3.<span class=\"_ _363\"> </span>2022 T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>Lev<span class=\"_ _0\"></span>el 2 \u00a3\u2019000<span class=\"_ _363\"> </span>Liabilities measured<span class=\"_ _4\"></span> and recognised at fair<span class=\"_ _2\"></span> value<span class=\"_ _363\"> </span>Des<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>s he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>Ot<span class=\"_ _0\"></span>her d<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ivative i<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts<span class=\"_ _218\"> </span><span class=\"ff83 ls35 ws2b\">(2<span class=\"_ _0\"></span>9)<span class=\"_ _c1\"> </span>(<span class=\"_ _0\"></span>29)<span class=\"_ _363\"> </span></span>Liabilities not<span class=\"_ _2\"></span> measure<span class=\"_ _0\"></span>d at f<span class=\"_ _4\"></span>air value<span class=\"_ _363\"> </span>Li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s at a<span class=\"_ _0\"></span>mor<span class=\"_ _3\"></span>tise<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>st<span class=\"_ _363\"> </span>US se<span class=\"_ _0\"></span>nior n<span class=\"_ _0\"></span>otes<span class=\"_ _24e\"> </span><span class=\"ff83 ls1a ws7d\">(1<span class=\"_ _2\"></span>26<span class=\"_ _0\"></span>,605<span class=\"_ _0\"></span>)<span class=\"_ _2b\"> </span>(1<span class=\"_ _2\"></span>26,6<span class=\"_ _0\"></span>05)<span class=\"_ _363\"> </span></span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Lev<span class=\"_ _0\"></span>el 2<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Liabilities measured<span class=\"_ _4\"></span> and recognised at fair<span class=\"_ _2\"></span> value<span class=\"_ _363\"> </span>Des<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>s he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>Ot<span class=\"_ _0\"></span>her d<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ivative i<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts<span class=\"_ _2ab\"> </span><span class=\"lse4 wsdc\">(8)<span class=\"_ _f4\"> </span>(8)<span class=\"_ _363\"> </span></span>Liabilities not<span class=\"_ _2\"></span> measure<span class=\"_ _0\"></span>d at f<span class=\"_ _4\"></span>air value<span class=\"_ _363\"> </span>Li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s at a<span class=\"_ _0\"></span>mor<span class=\"_ _3\"></span>tise<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>st<span class=\"_ _363\"> </span>US se<span class=\"_ _0\"></span>nior n<span class=\"_ _0\"></span>otes<span class=\"_ _11c\"> </span><span class=\"lse0 wsd7\">(<span class=\"_ _0\"></span>13<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _34\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _1af\"> </span>(<span class=\"_ _0\"></span>13<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _34\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span>Level<span class=\"_ _2\"></span> 2 Fair V<span class=\"_ _2\"></span>alues<span class=\"_ _363\"> </span>Ty<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>e<span class=\"_ _2ac\"> </span><span class=\"ls11f ws11d\">Valuation<span class=\"_ _2\"></span> technique<span class=\"_ _2ad\"> </span><span class=\"lsf6 wsef\">Significant unobservable inputs<span class=\"_ _363\"> </span></span></span>Inter-relationship between k<span class=\"_ _2\"></span>ey un<span class=\"_ _0\"></span>ob<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d fa<span class=\"_ _0\"></span>ir va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e measurement<span class=\"_ _363\"> </span>Financial assets and l<span class=\"_ _4\"></span>iabilities measured<span class=\"_ _2\"></span> a<span class=\"_ _0\"></span>t fair<span class=\"_ _2\"></span> value Fore<span class=\"_ _0\"></span>ign cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy for<span class=\"_ _0\"></span>ward<span class=\"_ _0\"></span>s<span class=\"_ _1b\"> </span>T<span class=\"_ _0\"></span>he fair v<span class=\"_ _0\"></span>alue of forei<span class=\"_ _0\"></span>gn cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y for<span class=\"_ _0\"></span>wards is c<span class=\"_ _0\"></span>alcul<span class=\"_ _0\"></span>ated as the<span class=\"_ _0\"></span> prese<span class=\"_ _0\"></span>nt value of t<span class=\"_ _0\"></span>he est<span class=\"_ _0\"></span>imated futu<span class=\"_ _0\"></span>re cashf<span class=\"_ _0\"></span>lows bas<span class=\"_ _0\"></span>ed on<span class=\"_ _0\"></span> obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>e yie<span class=\"_ _0\"></span>ld cur<span class=\"_ _3\"></span>ves, sp<span class=\"_ _0\"></span>ot and for<span class=\"_ _0\"></span>ward cu<span class=\"_ _0\"></span>rren<span class=\"_ _0\"></span>cy rates<span class=\"_ _363\"> </span>Not applicable<span class=\"_ _2ae\"> </span>Not applicable<span class=\"_ _363\"> </span>Financial assets and l<span class=\"_ _4\"></span>iabilities not<span class=\"_ _2\"></span> hel<span class=\"_ _0\"></span>d at<span class=\"_ _4\"></span> fair value<span class=\"_ _363\"> </span>Other financial li<span class=\"_ _4\"></span>abilitie<span class=\"_ _4\"></span>s*<span class=\"_ _d0\"> </span><span class=\"ls0 ws0\">D<span class=\"_ _0\"></span>isc<span class=\"_ _0\"></span>ounted c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows<span class=\"_ _8b\"> </span><span class=\"lsc ws10\">Not applicable<span class=\"_ _2ae\"> </span>Not applicable<span class=\"_ _363\"> </span></span></span>*  <span class=\"_ _32\"> </span>O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e Euro b<span class=\"_ _0\"></span>ank l<span class=\"_ _0\"></span>oa<span class=\"_ _0\"></span>ns an<span class=\"_ _0\"></span>d US se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or no<span class=\"_ _0\"></span>tes.<span class=\"_ _363\"> </span>Level<span class=\"_ _2\"></span> 3 Fair V<span class=\"_ _2\"></span>alues<span class=\"_ _363\"> </span>Ty<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>e<span class=\"_ _2ac\"> </span><span class=\"ls11f ws11d\">Valuation<span class=\"_ _2\"></span> technique<span class=\"_ _2ad\"> </span><span class=\"lsf6 wsef\">Significant unobservable inputs<span class=\"_ _363\"> </span></span></span>Inter-relationship between k<span class=\"_ _2\"></span>ey un<span class=\"_ _0\"></span>ob<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d fa<span class=\"_ _0\"></span>ir va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e measurement<span class=\"_ _363\"> </span>Financial assets and l<span class=\"_ _4\"></span>iabilities measured<span class=\"_ _2\"></span> a<span class=\"_ _0\"></span>t fair<span class=\"_ _2\"></span> value Deferred<span class=\"_ _2\"></span> consideration<span class=\"_ _f5\"> </span><span class=\"ls0 ws0\">T<span class=\"_ _0\"></span>he fair v<span class=\"_ _0\"></span>alue of defe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d </span>cons<span class=\"_ _0\"></span>ider<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n is calc<span class=\"_ _0\"></span>ulated assumi<span class=\"_ _0\"></span>ng a prob<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>y of payo<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h will be bas<span class=\"_ _0\"></span>ed on a<span class=\"_ _0\"></span>chie<span class=\"_ _0\"></span>veme<span class=\"_ _0\"></span>nt of EBI<span class=\"_ _0\"></span>TDA t<span class=\"_ _0\"></span>arget<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d disco<span class=\"_ _0\"></span>unted to present v<span class=\"_ _0\"></span>alue usi<span class=\"_ _0\"></span>ng mar<span class=\"_ _0\"></span>ket der<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>d disco<span class=\"_ _0\"></span>unt rates. T<span class=\"_ _0\"></span>he fa<span class=\"_ _0\"></span>ir value<span class=\"_ _0\"></span> assum<span class=\"_ _0\"></span>es achi<span class=\"_ _0\"></span>evem<span class=\"_ _0\"></span>ent of targ<span class=\"_ _0\"></span>ets but is s<span class=\"_ _0\"></span>ensit<span class=\"_ _0\"></span>ive to chan<span class=\"_ _0\"></span>ge in th<span class=\"_ _0\"></span>e assessed probability of achieving targets. Not applicable<span class=\"_ _2ae\"> </span>Not applicable<span class=\"_ _363\"> </span>21. <span class=\"_ _1f2\"> </span>Financial Instruments and Financial R<span class=\"_ _4\"></span>isk<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Risk Exposure<span class=\"_ _2\"></span>s and Group Treasury Polic<span class=\"_ _4\"></span>y<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group\u2019s op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ions e<span class=\"_ _0\"></span>xpo<span class=\"_ _0\"></span>se it to var<span class=\"_ _0\"></span>ious f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial r<span class=\"_ _0\"></span>isks th<span class=\"_ _0\"></span>at inclu<span class=\"_ _0\"></span>de cre<span class=\"_ _0\"></span>dit r<span class=\"_ _0\"></span>isk<span class=\"_ _0\"></span>, liqui<span class=\"_ _0\"></span>dit<span class=\"_ _0\"></span>y ris<span class=\"_ _0\"></span>k, c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>rency r<span class=\"_ _0\"></span>isk an<span class=\"_ _0\"></span>d interest r<span class=\"_ _0\"></span>ate risk<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Group<span class=\"_ _0\"></span>\u2019s treasu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y pol<span class=\"_ _0\"></span>icie<span class=\"_ _0\"></span>s, whi<span class=\"_ _0\"></span>ch are re<span class=\"_ _0\"></span>gular<span class=\"_ _0\"></span>ly rev<span class=\"_ _0\"></span>iewe<span class=\"_ _0\"></span>d, are d<span class=\"_ _0\"></span>esign<span class=\"_ _0\"></span>ed to red<span class=\"_ _0\"></span>uce f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial r<span class=\"_ _0\"></span>isk in a c<span class=\"_ _0\"></span>ost-<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ent way. A limited num<span class=\"_ _0\"></span>ber of fore<span class=\"_ _0\"></span>ign cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy spot c<span class=\"_ _0\"></span>ontra<span class=\"_ _0\"></span>cts<span class=\"_ _0\"></span>, foreig<span class=\"_ _0\"></span>n exchan<span class=\"_ _0\"></span>ge swaps<span class=\"_ _0\"></span>, forei<span class=\"_ _0\"></span>gn cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y for<span class=\"_ _0\"></span>wards a<span class=\"_ _0\"></span>nd interest r<span class=\"_ _0\"></span>ate swaps are und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>aken pe<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>odic<span class=\"_ _0\"></span>ally to he<span class=\"_ _0\"></span>dge u<span class=\"_ _0\"></span>nder<span class=\"_ _0\"></span>ly<span class=\"_ _0\"></span>ing interes<span class=\"_ _0\"></span>t rate, fair valu<span class=\"_ _0\"></span>e and c<span class=\"_ _0\"></span>urre<span class=\"_ _0\"></span>ncy e<span class=\"_ _0\"></span>xpos<span class=\"_ _0\"></span>ures and i<span class=\"_ _0\"></span>t is Bo<span class=\"_ _0\"></span>ard po<span class=\"_ _0\"></span>licy to man<span class=\"_ _0\"></span>age th<span class=\"_ _0\"></span>ese r<span class=\"_ _0\"></span>isks in a no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-s<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>culati<span class=\"_ _0\"></span>ve mann<span class=\"_ _0\"></span>er<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group h<span class=\"_ _0\"></span>as exp<span class=\"_ _0\"></span>osure to the fo<span class=\"_ _0\"></span>llowing r<span class=\"_ _0\"></span>isks fro<span class=\"_ _0\"></span>m its us<span class=\"_ _0\"></span>e of fin<span class=\"_ _0\"></span>ancia<span class=\"_ _0\"></span>l instr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts:<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Cre<span class=\"_ _0\"></span>dit ri<span class=\"_ _0\"></span>sk;<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"lsc ws10\">Liquidit<span class=\"_ _0\"></span>y risk;<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y risk<span class=\"_ _0\"></span>; an<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Interest r<span class=\"_ _0\"></span>ate risk<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span></span>Risk Exposure<span class=\"_ _2\"></span>s and Group Treasury Polic<span class=\"_ _4\"></span>y<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e manne<span class=\"_ _0\"></span>r in whi<span class=\"_ _0\"></span>ch the G<span class=\"_ _0\"></span>roup is e<span class=\"_ _0\"></span>xpo<span class=\"_ _0\"></span>sed to eac<span class=\"_ _0\"></span>h of thes<span class=\"_ _0\"></span>e risks a<span class=\"_ _0\"></span>nd the r<span class=\"_ _0\"></span>isk ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>ment p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>ies ap<span class=\"_ _0\"></span>plie<span class=\"_ _0\"></span>d are discu<span class=\"_ _0\"></span>ssed b<span class=\"_ _0\"></span>elow. Th<span class=\"_ _0\"></span>e Boa<span class=\"_ _0\"></span>rd of Dire<span class=\"_ _0\"></span>ctors h<span class=\"_ _0\"></span>as the ove<span class=\"_ _0\"></span>rall resp<span class=\"_ _0\"></span>onsib<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y for th<span class=\"_ _0\"></span>e esta<span class=\"_ _0\"></span>blishm<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d oversig<span class=\"_ _0\"></span>ht of the Gro<span class=\"_ _0\"></span>up\u2019s risk m<span class=\"_ _0\"></span>anage<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt fram<span class=\"_ _0\"></span>ewor<span class=\"_ _0\"></span>k. T<span class=\"_ _0\"></span>he B<span class=\"_ _0\"></span>oard is re<span class=\"_ _0\"></span>spo<span class=\"_ _0\"></span>nsible<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>for deve<span class=\"_ _0\"></span>lop<span class=\"_ _0\"></span>ing and m<span class=\"_ _0\"></span>onito<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up\u2019s risk ma<span class=\"_ _0\"></span>nage<span class=\"_ _0\"></span>ment p<span class=\"_ _0\"></span>olic<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. The B<span class=\"_ _0\"></span>oa<span class=\"_ _0\"></span>rd and th<span class=\"_ _0\"></span>e Audit a<span class=\"_ _0\"></span>nd Risk C<span class=\"_ _0\"></span>omm<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>tee have rev<span class=\"_ _0\"></span>iewe<span class=\"_ _0\"></span>d the pro<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ss for ide<span class=\"_ _0\"></span>ntif<span class=\"_ _0\"></span>yi<span class=\"_ _0\"></span>ng, ev<span class=\"_ _0\"></span>aluatin<span class=\"_ _0\"></span>g and man<span class=\"_ _0\"></span>aging t<span class=\"_ _0\"></span>he sign<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>cant r<span class=\"_ _0\"></span>isks af<span class=\"_ _0\"></span>fect<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e busin<span class=\"_ _0\"></span>ess.<span class=\"_ _363\"> </span>Credit Risk<span class=\"_ _363\"> </span>Credi<span class=\"_ _0\"></span>t risk a<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>s from c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t grante<span class=\"_ _0\"></span>d to custome<span class=\"_ _0\"></span>rs. C<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t risk als<span class=\"_ _0\"></span>o aris<span class=\"_ _0\"></span>es on c<span class=\"_ _0\"></span>ash and c<span class=\"_ _0\"></span>ash equ<span class=\"_ _0\"></span>ivale<span class=\"_ _0\"></span>nts, d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>vative f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial i<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts and c<span class=\"_ _0\"></span>ash and de<span class=\"_ _0\"></span>posi<span class=\"_ _0\"></span>ts wit<span class=\"_ _0\"></span>h banks a<span class=\"_ _0\"></span>nd f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial inst<span class=\"_ _0\"></span>itut<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>E<span class=\"_ _0\"></span>xpo<span class=\"_ _0\"></span>sure to cre<span class=\"_ _0\"></span>dit ri<span class=\"_ _0\"></span>sk is mon<span class=\"_ _0\"></span>itored o<span class=\"_ _0\"></span>n an on<span class=\"_ _0\"></span>goin<span class=\"_ _0\"></span>g basis. T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>roup\u2019s exp<span class=\"_ _0\"></span>osure to cu<span class=\"_ _0\"></span>stome<span class=\"_ _0\"></span>r cred<span class=\"_ _0\"></span>it ris<span class=\"_ _0\"></span>k is diver<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied ove<span class=\"_ _0\"></span>r a large c<span class=\"_ _0\"></span>ustom<span class=\"_ _0\"></span>er base<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>and th<span class=\"_ _0\"></span>e inci<span class=\"_ _0\"></span>den<span class=\"_ _0\"></span>ce of defaul<span class=\"_ _0\"></span>t by custo<span class=\"_ _0\"></span>mer<span class=\"_ _0\"></span>s is tightl<span class=\"_ _0\"></span>y manag<span class=\"_ _0\"></span>ed by B<span class=\"_ _0\"></span>usines<span class=\"_ _0\"></span>s Unit c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t cont<span class=\"_ _0\"></span>rol teams<span class=\"_ _0\"></span>. Cre<span class=\"_ _0\"></span>dit insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e is in plac<span class=\"_ _0\"></span>e, sub<span class=\"_ _0\"></span>jec<span class=\"_ _0\"></span>t to annual renewa<span class=\"_ _0\"></span>l, to cover m<span class=\"_ _0\"></span>ajor ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ures in th<span class=\"_ _0\"></span>e UK an<span class=\"_ _0\"></span>d Irish m<span class=\"_ _0\"></span>ercha<span class=\"_ _0\"></span>nting bu<span class=\"_ _0\"></span>sines<span class=\"_ _0\"></span>ses. C<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t evaluat<span class=\"_ _0\"></span>ions a<span class=\"_ _0\"></span>re per<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>rme<span class=\"_ _0\"></span>d reg<span class=\"_ _0\"></span>ular<span class=\"_ _0\"></span>ly. New custom<span class=\"_ _0\"></span>ers are<span class=\"_ _0\"></span> subje<span class=\"_ _0\"></span>ct to init<span class=\"_ _0\"></span>ial cre<span class=\"_ _0\"></span>dit c<span class=\"_ _0\"></span>hec<span class=\"_ _0\"></span>ks that in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e tra<span class=\"_ _0\"></span>de and ba<span class=\"_ _0\"></span>nk refere<span class=\"_ _0\"></span>nce<span class=\"_ _0\"></span>s and are g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>rally su<span class=\"_ _0\"></span>bjec<span class=\"_ _0\"></span>t to restr<span class=\"_ _0\"></span>icte<span class=\"_ _0\"></span>d cred<span class=\"_ _0\"></span>it limi<span class=\"_ _0\"></span>ts pri<span class=\"_ _0\"></span>or to deve<span class=\"_ _0\"></span>lopi<span class=\"_ _0\"></span>ng a <span class=\"ls2\"> </span>cred<span class=\"_ _0\"></span>it histor<span class=\"_ _3\"></span>y<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>Due to t<span class=\"_ _0\"></span>he est<span class=\"_ _0\"></span>ablish<span class=\"_ _0\"></span>ed natu<span class=\"_ _0\"></span>re of the busi<span class=\"_ _0\"></span>ness<span class=\"_ _0\"></span>es, a hi<span class=\"_ _0\"></span>gh pro<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>tion of cus<span class=\"_ _0\"></span>tome<span class=\"_ _0\"></span>rs have lon<span class=\"_ _0\"></span>g<span class=\"_ _0\"></span>-s<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>ing tra<span class=\"_ _0\"></span>ding rel<span class=\"_ _0\"></span>ation<span class=\"_ _0\"></span>ships wi<span class=\"_ _0\"></span>th Grou<span class=\"_ _0\"></span>p co<span class=\"_ _0\"></span>mpani<span class=\"_ _0\"></span>es.<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>ese es<span class=\"_ _0\"></span>tablish<span class=\"_ _0\"></span>ed c<span class=\"_ _0\"></span>ustome<span class=\"_ _0\"></span>rs are rev<span class=\"_ _0\"></span>iewe<span class=\"_ _0\"></span>d regul<span class=\"_ _0\"></span>arl<span class=\"_ _0\"></span>y for fi<span class=\"_ _0\"></span>nanc<span class=\"_ _0\"></span>ial stre<span class=\"_ _0\"></span>ngt<span class=\"_ _0\"></span>h and th<span class=\"_ _0\"></span>e app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>iatenes<span class=\"_ _0\"></span>s of their c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t limit<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group e<span class=\"_ _0\"></span>stab<span class=\"_ _0\"></span>lishes a p<span class=\"_ _0\"></span>rovisio<span class=\"_ _0\"></span>n for imp<span class=\"_ _0\"></span>airm<span class=\"_ _0\"></span>ent th<span class=\"_ _0\"></span>at repres<span class=\"_ _0\"></span>ents i<span class=\"_ _0\"></span>ts esti<span class=\"_ _0\"></span>mate of losse<span class=\"_ _0\"></span>s in resp<span class=\"_ _0\"></span>ect of t<span class=\"_ _0\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r rec<span class=\"_ _0\"></span>eivab<span class=\"_ _0\"></span>les<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e main com<span class=\"_ _0\"></span>pon<span class=\"_ _0\"></span>ents of thi<span class=\"_ _0\"></span>s provisi<span class=\"_ _0\"></span>on are a sp<span class=\"_ _0\"></span>eci<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>c loss c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nt that re<span class=\"_ _0\"></span>late to indivi<span class=\"_ _0\"></span>duall<span class=\"_ _0\"></span>y signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant exp<span class=\"_ _0\"></span>osure<span class=\"_ _0\"></span>s and a c<span class=\"_ _0\"></span>olle<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>ve loss c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nt esta<span class=\"_ _0\"></span>blishe<span class=\"_ _0\"></span>d for gro<span class=\"_ _0\"></span>ups of simila<span class=\"_ _0\"></span>r asset<span class=\"_ _0\"></span>s in resp<span class=\"_ _0\"></span>ect of l<span class=\"_ _0\"></span>osses t<span class=\"_ _0\"></span>hat have be<span class=\"_ _0\"></span>en in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>red bu<span class=\"_ _0\"></span>t not yet i<span class=\"_ _0\"></span>dent<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>ed.<span class=\"_ _363\"> </span>Cash an<span class=\"_ _0\"></span>d sho<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t ter<span class=\"_ _0\"></span>m bank de<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>its are inves<span class=\"_ _0\"></span>ted wit<span class=\"_ _0\"></span>h a rang<span class=\"_ _0\"></span>e of banks<span class=\"_ _0\"></span>, all wit<span class=\"_ _0\"></span>h ori<span class=\"_ _0\"></span>ginal matu<span class=\"_ _0\"></span>rit<span class=\"_ _0\"></span>ies of les<span class=\"_ _0\"></span>s than 3 m<span class=\"_ _0\"></span>onths at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e maxi<span class=\"_ _0\"></span>mum ex<span class=\"_ _0\"></span>posu<span class=\"_ _0\"></span>re to credi<span class=\"_ _0\"></span>t risk is re<span class=\"_ _0\"></span>prese<span class=\"_ _0\"></span>nted by th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g amo<span class=\"_ _0\"></span>unt of each f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial as<span class=\"_ _0\"></span>set<span class=\"_ _0\"></span>, incl<span class=\"_ _0\"></span>uding d<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>vative f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial in<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts,<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>in the b<span class=\"_ _4\"></span>alance sheet.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e maxi<span class=\"_ _0\"></span>mum ex<span class=\"_ _0\"></span>posu<span class=\"_ _0\"></span>re to credi<span class=\"_ _0\"></span>t risk at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>22 a<span class=\"_ _0\"></span>nd 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 2021 was: 2022 \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r rec<span class=\"_ _0\"></span>eivab<span class=\"_ _0\"></span>les<span class=\"_ _183\"> </span><span class=\"ff83 ls146 ws155\">2<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>7,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _db\"> </span></span><span class=\"ls20 ws19\">233,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>86<span class=\"_ _363\"> </span></span>Cash an<span class=\"_ _0\"></span>d cash e<span class=\"_ _0\"></span>quiva<span class=\"_ _0\"></span>lents<span class=\"_ _1ad\"> </span><span class=\"ff83 ls33 ws29\">7<span class=\"_ _3\"></span>11<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1<span class=\"_ _b0\"> </span></span><span class=\"lsc0 ws9a\">84<span class=\"_ _0\"></span>4,663<span class=\"_ _363\"> </span></span>9<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>15<span class=\"_ _10d\"> </span><span class=\"ff84 ls14 wsb9\">1,078,1<span class=\"_ _2\"></span>49<span class=\"_ _363\"> </span></span>Addi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al discl<span class=\"_ _0\"></span>osures in r<span class=\"_ _0\"></span>elati<span class=\"_ _0\"></span>on to the Gr<span class=\"_ _0\"></span>oup\u2019s exp<span class=\"_ _0\"></span>osure to cre<span class=\"_ _0\"></span>dit r<span class=\"_ _0\"></span>isk ar<span class=\"_ _0\"></span>ising fro<span class=\"_ _0\"></span>m tra<span class=\"_ _0\"></span>de and ot<span class=\"_ _0\"></span>her re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivabl<span class=\"_ _0\"></span>es is set o<span class=\"_ _0\"></span>ut in N<span class=\"_ _0\"></span>ote 1<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e maxi<span class=\"_ _0\"></span>mum ex<span class=\"_ _0\"></span>posu<span class=\"_ _0\"></span>re to credi<span class=\"_ _0\"></span>t risk for c<span class=\"_ _0\"></span>ash an<span class=\"_ _0\"></span>d cash e<span class=\"_ _0\"></span>quival<span class=\"_ _0\"></span>ents<span class=\"_ _0\"></span>, base<span class=\"_ _0\"></span>d on th<span class=\"_ _0\"></span>e dom<span class=\"_ _0\"></span>icile of t<span class=\"_ _0\"></span>he pare<span class=\"_ _0\"></span>nt bank<span class=\"_ _0\"></span>, at th<span class=\"_ _0\"></span>e rep<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng date was:<span class=\"_ _363\"> </span>Carr<span class=\"_ _0\"></span>ying Amount<span class=\"_ _363\"> </span>2022 \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>United Kingd<span class=\"_ _0\"></span>om<span class=\"_ _22c\"> </span><span class=\"ff83 ls6b wsb\">588,348<span class=\"_ _21\"> </span></span><span class=\"ls143 ws151\">7<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>5<span class=\"_ _34\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _363\"> </span></span>Repu<span class=\"_ _0\"></span>blic of Irela<span class=\"_ _0\"></span>nd<span class=\"_ _1dc\"> </span><span class=\"ff83 ls157 ws16b\">9<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>41<span class=\"_ _5d\"> </span></span><span class=\"ls14 wsb9\">55<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>825<span class=\"_ _363\"> </span></span>Netherlands<span class=\"_ _2af\"> </span><span class=\"ff83 ls31 ws27\">10<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>5<span class=\"_ _6c\"> </span></span><span class=\"ls143 ws151\">1<span class=\"_ _0\"></span>7,<span class=\"_ _34\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>9<span class=\"_ _363\"> </span></span>Finland<span class=\"_ _2b0\"> </span><span class=\"ff83 lse7 wsb8\">14<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>17<span class=\"_ _6c\"> </span></span><span class=\"ls143 ws151\">1<span class=\"_ _0\"></span>7,<span class=\"_ _3\"></span>5<span class=\"_ _34\"> </span>3<span class=\"_ _34\"> </span>8<span class=\"_ _363\"> </span></span>Fran<span class=\"_ _0\"></span>ce<span class=\"_ _2b1\"> </span><span class=\"ff83 ls8b ws7c\">5,050<span class=\"_ _60\"> </span></span><span class=\"ls19 ws13\">5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>15<span class=\"_ _363\"> </span></span>7<span class=\"_ _3\"></span>11,<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>1<span class=\"_ _b4\"> </span><span class=\"ff84 lsc0 ws9a\">8<span class=\"_ _0\"></span>44,663<span class=\"_ _363\"> </span></span>21. <span class=\"_ _1f2\"> </span>Financial Instruments and Financial R<span class=\"_ _4\"></span>isk<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e major<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of the G<span class=\"_ _0\"></span>roup\u2019s cas<span class=\"_ _0\"></span>h on de<span class=\"_ _0\"></span>posi<span class=\"_ _0\"></span>t and ca<span class=\"_ _0\"></span>sh balan<span class=\"_ _0\"></span>ces is h<span class=\"_ _0\"></span>eld wi<span class=\"_ _0\"></span>th f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial inst<span class=\"_ _0\"></span>itut<span class=\"_ _0\"></span>ions t<span class=\"_ _0\"></span>hat have an up<span class=\"_ _0\"></span>per inves<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nt grad<span class=\"_ _0\"></span>e cre<span class=\"_ _0\"></span>dit rati<span class=\"_ _0\"></span>ng.<span class=\"_ _363\"> </span>2022 \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Gross a<span class=\"_ _0\"></span>mount<span class=\"_ _0\"></span>s of cash and c<span class=\"_ _0\"></span>ash e<span class=\"_ _0\"></span>quival<span class=\"_ _0\"></span>ents<span class=\"_ _1da\"> </span><span class=\"ff83 ls33 ws29\">7<span class=\"_ _3\"></span>11,<span class=\"_ _34\"></span>8<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>6<span class=\"_ _e9\"> </span></span><span class=\"ls143 ws151\">8<span class=\"_ _3\"></span>5<span class=\"_ _34\"></span>7,1<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>7<span class=\"_ _363\"> </span></span>Am<span class=\"_ _0\"></span>ounts s<span class=\"_ _0\"></span>et of<span class=\"_ _0\"></span>f in the b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>*<span class=\"_ _fb\"> </span><span class=\"ff83 ls3f ws36\">(<span class=\"_ _0\"></span>14<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _b0\"> </span></span><span class=\"ls89 wsd0\">(<span class=\"_ _0\"></span>12<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>3<span class=\"_ _34\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>Net am<span class=\"_ _0\"></span>ounts of c<span class=\"_ _0\"></span>ash and c<span class=\"_ _0\"></span>ash eq<span class=\"_ _0\"></span>uival<span class=\"_ _0\"></span>ents in th<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce sh<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>t<span class=\"_ _1c9\"> </span><span class=\"ff83 ls33 ws29\">7<span class=\"_ _3\"></span>11<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>7<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _b0\"> </span></span><span class=\"lsc0 ws9a\">8<span class=\"_ _0\"></span>44,663<span class=\"_ _363\"> </span></span>*  <span class=\"_ _32\"> </span>T<span class=\"_ _0\"></span>he G<span class=\"_ _0\"></span>rou<span class=\"_ _0\"></span>p has n<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>ng ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>ge<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts in p<span class=\"_ _0\"></span>lac<span class=\"_ _0\"></span>e wi<span class=\"_ _0\"></span>th B<span class=\"_ _0\"></span>ank of Ir<span class=\"_ _0\"></span>ela<span class=\"_ _0\"></span>nd an<span class=\"_ _0\"></span>d HS<span class=\"_ _0\"></span>BC B<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>k wit<span class=\"_ _0\"></span>h cas<span class=\"_ _0\"></span>h bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es a<span class=\"_ _0\"></span>nd ove<span class=\"_ _0\"></span>rdr<span class=\"_ _0\"></span>awn po<span class=\"_ _0\"></span>sit<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>ns be<span class=\"_ _0\"></span>ing n<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>, as a l<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>al ri<span class=\"_ _0\"></span>ght of se<span class=\"_ _0\"></span>t-<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>f ex<span class=\"_ _0\"></span>ist<span class=\"_ _0\"></span>s with each bank.<span class=\"_ _363\"> </span>Foreign<span class=\"_ _2\"></span> Currency Risk<span class=\"_ _2\"></span> M<span class=\"_ _0\"></span>anagement<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>ransac<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal forei<span class=\"_ _0\"></span>gn excha<span class=\"_ _0\"></span>nge r<span class=\"_ _0\"></span>isk aris<span class=\"_ _0\"></span>es fro<span class=\"_ _0\"></span>m foreig<span class=\"_ _0\"></span>n cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, asset<span class=\"_ _0\"></span>s and liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es. Gro<span class=\"_ _0\"></span>up op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ions ma<span class=\"_ _0\"></span>nage fo<span class=\"_ _0\"></span>reign e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e tradi<span class=\"_ _0\"></span>ng risk<span class=\"_ _0\"></span>s agains<span class=\"_ _0\"></span>t thei<span class=\"_ _0\"></span>r func<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cies<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e major<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of tra<span class=\"_ _0\"></span>de co<span class=\"_ _0\"></span>ndu<span class=\"_ _0\"></span>cted by th<span class=\"_ _0\"></span>e Group<span class=\"_ _0\"></span>\u2019s Irish, D<span class=\"_ _0\"></span>utch a<span class=\"_ _0\"></span>nd Fin<span class=\"_ _0\"></span>nish busi<span class=\"_ _0\"></span>nesse<span class=\"_ _0\"></span>s is in euro<span class=\"_ _0\"></span>. S<span class=\"_ _0\"></span>terlin<span class=\"_ _0\"></span>g is the pr<span class=\"_ _0\"></span>inc<span class=\"_ _0\"></span>ipal cu<span class=\"_ _0\"></span>rren<span class=\"_ _0\"></span>cy for t<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p\u2019s UK busin<span class=\"_ _0\"></span>esse<span class=\"_ _0\"></span>s. Cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy ris<span class=\"_ _0\"></span>ks are reg<span class=\"_ _0\"></span>ularl<span class=\"_ _0\"></span>y mo<span class=\"_ _0\"></span>nitore<span class=\"_ _0\"></span>d and man<span class=\"_ _0\"></span>age<span class=\"_ _0\"></span>d by utilisin<span class=\"_ _0\"></span>g for<span class=\"_ _0\"></span>ward fore<span class=\"_ _0\"></span>ign cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y cont<span class=\"_ _0\"></span>ract<span class=\"_ _0\"></span>s as appro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate for set<span class=\"_ _0\"></span>tlin<span class=\"_ _0\"></span>g liabili<span class=\"_ _0\"></span>ties a<span class=\"_ _0\"></span>rising f<span class=\"_ _0\"></span>rom t<span class=\"_ _0\"></span>he purc<span class=\"_ _0\"></span>hase of go<span class=\"_ _0\"></span>ods for re<span class=\"_ _0\"></span>sale i<span class=\"_ _0\"></span>n non<span class=\"_ _0\"></span>-f<span class=\"_ _0\"></span>unc<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e major<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>ons ente<span class=\"_ _0\"></span>red into by Grou<span class=\"_ _0\"></span>p enti<span class=\"_ _0\"></span>ties a<span class=\"_ _0\"></span>re den<span class=\"_ _0\"></span>ominate<span class=\"_ _0\"></span>d in fun<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>onal cu<span class=\"_ _0\"></span>rren<span class=\"_ _0\"></span>cie<span class=\"_ _0\"></span>s and no si<span class=\"_ _0\"></span>gnif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>ant leve<span class=\"_ _0\"></span>l of hedgi<span class=\"_ _0\"></span>ng is req<span class=\"_ _0\"></span>uired<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>A prop<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ion of th<span class=\"_ _0\"></span>e Group<span class=\"_ _0\"></span>\u2019s net wor<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>h is den<span class=\"_ _0\"></span>omin<span class=\"_ _0\"></span>ated in euro<span class=\"_ _0\"></span>. This is ref<span class=\"_ _0\"></span>le<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d in profi<span class=\"_ _0\"></span>t af<span class=\"_ _0\"></span>ter ta<span class=\"_ _0\"></span>x reser<span class=\"_ _3\"></span>ves retai<span class=\"_ _0\"></span>ned in e<span class=\"_ _0\"></span>uro de<span class=\"_ _0\"></span>nom<span class=\"_ _0\"></span>inated tr<span class=\"_ _0\"></span>ading<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>and f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce co<span class=\"_ _0\"></span>mpan<span class=\"_ _0\"></span>ies whi<span class=\"_ _0\"></span>ch give<span class=\"_ _0\"></span>s rise to tr<span class=\"_ _0\"></span>anslati<span class=\"_ _0\"></span>on dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>es on c<span class=\"_ _0\"></span>onvers<span class=\"_ _0\"></span>ion to ster<span class=\"_ _0\"></span>ling. B<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>rowing<span class=\"_ _0\"></span>s made in a n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-f<span class=\"_ _0\"></span>unc<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y are swappe<span class=\"_ _0\"></span>d into a fun<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>onal cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>ncy.<span class=\"_ _363\"> </span>Sensitivit<span class=\"_ _0\"></span>y Analysis<span class=\"_ _363\"> </span>A ten per c<span class=\"_ _0\"></span>ent st<span class=\"_ _0\"></span>reng<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>ning of th<span class=\"_ _0\"></span>e ster<span class=\"_ _0\"></span>ling excha<span class=\"_ _0\"></span>nge r<span class=\"_ _0\"></span>ate against th<span class=\"_ _0\"></span>e euro e<span class=\"_ _0\"></span>xchang<span class=\"_ _0\"></span>e rate at the b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et date woul<span class=\"_ _0\"></span>d have dec<span class=\"_ _0\"></span>rease<span class=\"_ _0\"></span>d <span class=\"ls2\"> </span>equi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y and prof<span class=\"_ _0\"></span>it af<span class=\"_ _0\"></span>ter ta<span class=\"_ _0\"></span>x by the a<span class=\"_ _0\"></span>mou<span class=\"_ _0\"></span>nt shown b<span class=\"_ _0\"></span>elow. This assu<span class=\"_ _0\"></span>mes t<span class=\"_ _0\"></span>hat all var<span class=\"_ _0\"></span>iable<span class=\"_ _0\"></span>s, in p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>cular t<span class=\"_ _0\"></span>he resul<span class=\"_ _0\"></span>ts and f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial p<span class=\"_ _0\"></span>osit<span class=\"_ _0\"></span>ion of eac<span class=\"_ _0\"></span>h <span class=\"ls2\"> </span>euro f<span class=\"_ _0\"></span>unct<span class=\"_ _0\"></span>ional c<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>rency e<span class=\"_ _0\"></span>ntit<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d interest r<span class=\"_ _0\"></span>ates, re<span class=\"_ _0\"></span>maine<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>nstant<span class=\"_ _0\"></span>. A ten pe<span class=\"_ _0\"></span>r cent we<span class=\"_ _0\"></span>akening of th<span class=\"_ _0\"></span>e ster<span class=\"_ _0\"></span>ling exch<span class=\"_ _0\"></span>ange r<span class=\"_ _0\"></span>ate against t<span class=\"_ _0\"></span>he euro<span class=\"_ _0\"></span> exchan<span class=\"_ _0\"></span>ge rate would h<span class=\"_ _0\"></span>ave an equ<span class=\"_ _0\"></span>al and op<span class=\"_ _0\"></span>posi<span class=\"_ _0\"></span>te effe<span class=\"_ _0\"></span>ct o<span class=\"_ _0\"></span>n the am<span class=\"_ _0\"></span>ounts s<span class=\"_ _0\"></span>hown be<span class=\"_ _0\"></span>low on t<span class=\"_ _0\"></span>he basis t<span class=\"_ _0\"></span>hat all var<span class=\"_ _0\"></span>iabl<span class=\"_ _0\"></span>es remai<span class=\"_ _0\"></span>n cons<span class=\"_ _0\"></span>tant<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Equity \u00a3\u2019000<span class=\"_ _363\"> </span>Pro<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>it af<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>er t<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>x \u00a3\u2019000<span class=\"_ _363\"> </span>31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _363\"> </span>1<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>% st<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ng<span class=\"_ _0\"></span>the<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g of s<span class=\"_ _0\"></span>ter<span class=\"_ _0\"></span>lin<span class=\"_ _0\"></span>g cu<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>re<span class=\"_ _0\"></span>ncy a<span class=\"_ _0\"></span>ga<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>st t<span class=\"_ _0\"></span>he e<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>o<span class=\"_ _a9\"> </span><span class=\"ls144 ws152\">(6<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _20\"> </span><span class=\"ls35 ws2b\">(9,<span class=\"_ _0\"></span>42<span class=\"_ _0\"></span>4)<span class=\"_ _363\"> </span></span></span>31 De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>021<span class=\"_ _363\"> </span>1<span class=\"_ _2\"></span>0<span class=\"_ _0\"></span>% stre<span class=\"_ _0\"></span>ngt<span class=\"_ _0\"></span>heni<span class=\"_ _0\"></span>ng of sterli<span class=\"_ _0\"></span>ng cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y agains<span class=\"_ _0\"></span>t the e<span class=\"_ _0\"></span>uro<span class=\"_ _243\"> </span><span class=\"ls12f ws7a\">(52<span class=\"_ _0\"></span>,9<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>4)<span class=\"_ _b0\"> </span><span class=\"ls37 ws2d\">(<span class=\"_ _0\"></span>16<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span>Hedging<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group h<span class=\"_ _0\"></span>as exp<span class=\"_ _0\"></span>osure to cha<span class=\"_ _0\"></span>nges in i<span class=\"_ _0\"></span>nterest rates o<span class=\"_ _0\"></span>n ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tain d<span class=\"_ _0\"></span>ebt ins<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>ments a<span class=\"_ _0\"></span>nd ca<span class=\"_ _0\"></span>n hed<span class=\"_ _0\"></span>ge an el<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt of this ri<span class=\"_ _0\"></span>sk by enter<span class=\"_ _0\"></span>ing into interes<span class=\"_ _0\"></span>t rate swaps. T<span class=\"_ _0\"></span>he<span class=\"_ _0\"></span>re were no c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>acts o<span class=\"_ _0\"></span>utst<span class=\"_ _0\"></span>andin<span class=\"_ _0\"></span>g at 31 De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 (2021<span class=\"_ _2\"></span>: \u00a3<span class=\"_ _0\"></span>Nil<span class=\"_ _0\"></span>).<span class=\"_ _363\"> </span>Interest Rate Risk<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e major<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of the G<span class=\"_ _0\"></span>roup\u2019s on<span class=\"_ _0\"></span>goin<span class=\"_ _0\"></span>g ope<span class=\"_ _0\"></span>ratio<span class=\"_ _0\"></span>ns are f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ed f<span class=\"_ _0\"></span>rom a mi<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>ture of cash g<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>rated fro<span class=\"_ _0\"></span>m op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ons an<span class=\"_ _0\"></span>d bor<span class=\"_ _0\"></span>rowings<span class=\"_ _0\"></span>. Ba<span class=\"_ _0\"></span>nk bor<span class=\"_ _0\"></span>rowing<span class=\"_ _0\"></span>s are init<span class=\"_ _0\"></span>ially s<span class=\"_ _0\"></span>ecu<span class=\"_ _0\"></span>red at f<span class=\"_ _0\"></span>loat<span class=\"_ _0\"></span>ing interes<span class=\"_ _0\"></span>t rates and inte<span class=\"_ _0\"></span>rest rate r<span class=\"_ _0\"></span>isk is mon<span class=\"_ _0\"></span>itored o<span class=\"_ _0\"></span>n an on<span class=\"_ _0\"></span>goin<span class=\"_ _0\"></span>g basis. Inte<span class=\"_ _0\"></span>rest rate swaps a<span class=\"_ _0\"></span>re used to ma<span class=\"_ _0\"></span>nage inte<span class=\"_ _0\"></span>rest rate risk wh<span class=\"_ _0\"></span>en c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>ered a<span class=\"_ _0\"></span>ppro<span class=\"_ _0\"></span>priate hav<span class=\"_ _0\"></span>ing reg<span class=\"_ _0\"></span>ard to the intere<span class=\"_ _0\"></span>st rate envi<span class=\"_ _0\"></span>ronm<span class=\"_ _0\"></span>ent.<span class=\"_ _363\"> </span>In Se<span class=\"_ _0\"></span>ptembe<span class=\"_ _0\"></span>r 201<span class=\"_ _2\"></span>8<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>roup r<span class=\"_ _0\"></span>aised \u20ac<span class=\"_ _0\"></span>1<span class=\"_ _2\"></span>6<span class=\"_ _0\"></span>0 millio<span class=\"_ _0\"></span>n (31 Dec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2: \u00a314<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>.9 milli<span class=\"_ _0\"></span>on befo<span class=\"_ _0\"></span>re cos<span class=\"_ _0\"></span>ts) through a<span class=\"_ _0\"></span>n issue of uns<span class=\"_ _0\"></span>ecu<span class=\"_ _0\"></span>red se<span class=\"_ _0\"></span>nior n<span class=\"_ _0\"></span>otes in the U<span class=\"_ _0\"></span>S Pr<span class=\"_ _0\"></span>ivate Plac<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt mar<span class=\"_ _0\"></span>ket with ten a<span class=\"_ _0\"></span>nd t<span class=\"_ _0\"></span>welve yea<span class=\"_ _0\"></span>r maturi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s at an averag<span class=\"_ _0\"></span>e fi<span class=\"_ _0\"></span>xed annu<span class=\"_ _0\"></span>al cou<span class=\"_ _0\"></span>pon of 2<span class=\"_ _0\"></span>.5 per c<span class=\"_ _0\"></span>ent an<span class=\"_ _0\"></span>d used t<span class=\"_ _0\"></span>he pro<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>eds<span class=\"_ _0\"></span> rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d to refin<span class=\"_ _0\"></span>ance e<span class=\"_ _0\"></span>xisti<span class=\"_ _0\"></span>ng de<span class=\"_ _0\"></span>bt. T<span class=\"_ _0\"></span>he issu<span class=\"_ _0\"></span>e of these n<span class=\"_ _0\"></span>otes diver<span class=\"_ _0\"></span>sif<span class=\"_ _0\"></span>ied t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up\u2019s sourc<span class=\"_ _0\"></span>es of fu<span class=\"_ _0\"></span>nding by re<span class=\"_ _0\"></span>-<span class=\"_ _3\"></span>enteri<span class=\"_ _0\"></span>ng the U<span class=\"_ _0\"></span>S Pr<span class=\"_ _0\"></span>ivate Plac<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt mar<span class=\"_ _0\"></span>ket, ex<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d the mat<span class=\"_ _0\"></span>urit<span class=\"_ _0\"></span>y p<span class=\"_ _0\"></span>rofile of d<span class=\"_ _0\"></span>ebt and p<span class=\"_ _0\"></span>rovide<span class=\"_ _0\"></span>d greate<span class=\"_ _0\"></span>r cer<span class=\"_ _3\"></span>taint<span class=\"_ _0\"></span>y over th<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t of debt for an e<span class=\"_ _0\"></span>x<span class=\"_ _0\"></span>tende<span class=\"_ _0\"></span>d pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d at at<span class=\"_ _0\"></span>trac<span class=\"_ _0\"></span>tive rates<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Group is a<span class=\"_ _0\"></span>lso exp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d to interest rate r<span class=\"_ _0\"></span>isk on i<span class=\"_ _0\"></span>ts dep<span class=\"_ _0\"></span>osit<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>Cash Flow Sensitivity Anal<span class=\"_ _0\"></span>ysis for V<span class=\"_ _2\"></span>ariabl<span class=\"_ _0\"></span>e Rate Instrument<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>A redu<span class=\"_ _0\"></span>ctio<span class=\"_ _0\"></span>n of 50 ba<span class=\"_ _0\"></span>sis point<span class=\"_ _0\"></span>s in interest r<span class=\"_ _0\"></span>ates at the re<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>ting date woul<span class=\"_ _0\"></span>d have incre<span class=\"_ _0\"></span>ased p<span class=\"_ _0\"></span>rofi<span class=\"_ _0\"></span>t before t<span class=\"_ _0\"></span>ax and e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>ty by \u00a3<span class=\"_ _0\"></span>0.6 million (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a30.6<span class=\"_ _0\"></span> million<span class=\"_ _2\"></span>) on the bas<span class=\"_ _0\"></span>is of the Gro<span class=\"_ _0\"></span>up\u2019s gross d<span class=\"_ _0\"></span>ebt of \u00a370<span class=\"_ _0\"></span>2.8 m<span class=\"_ _0\"></span>illion at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2. \u00a31<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>2<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>1 million of th<span class=\"_ _0\"></span>e gross d<span class=\"_ _0\"></span>ebt is ex<span class=\"_ _0\"></span>pos<span class=\"_ _0\"></span>ed to var<span class=\"_ _0\"></span>iable r<span class=\"_ _0\"></span>ates with t<span class=\"_ _0\"></span>he interes<span class=\"_ _0\"></span>t rate on th<span class=\"_ _0\"></span>e US se<span class=\"_ _0\"></span>nior n<span class=\"_ _0\"></span>otes of \u00a31<span class=\"_ _2\"></span>41<span class=\"_ _2\"></span>.4 milli<span class=\"_ _0\"></span>on and t<span class=\"_ _0\"></span>he imp<span class=\"_ _0\"></span>licit i<span class=\"_ _0\"></span>nterest rate o<span class=\"_ _0\"></span>n lease li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>ies of \u00a34<span class=\"_ _0\"></span>49.<span class=\"_ _0\"></span>3 million is f<span class=\"_ _0\"></span>ixe<span class=\"_ _0\"></span>d. A<span class=\"_ _0\"></span>n incre<span class=\"_ _0\"></span>ase of 50 basis p<span class=\"_ _0\"></span>oints<span class=\"_ _0\"></span>, on t<span class=\"_ _0\"></span>he sam<span class=\"_ _0\"></span>e basis<span class=\"_ _0\"></span>, would have an e<span class=\"_ _0\"></span>qual an<span class=\"_ _0\"></span>d opp<span class=\"_ _0\"></span>osite ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>t.<span class=\"_ _363\"> </span>21. <span class=\"_ _1f2\"> </span>Financial Instruments and Financial R<span class=\"_ _4\"></span>isk<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Capital Management<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e capi<span class=\"_ _0\"></span>tal st<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>cture of th<span class=\"_ _0\"></span>e Group c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>rise<span class=\"_ _0\"></span>s share c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al, re<span class=\"_ _0\"></span>ser<span class=\"_ _0\"></span>ve<span class=\"_ _0\"></span>s and ne<span class=\"_ _0\"></span>t debt<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e overall ap<span class=\"_ _0\"></span>proac<span class=\"_ _0\"></span>h is to optimi<span class=\"_ _0\"></span>se share<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der val<span class=\"_ _0\"></span>ue by leve<span class=\"_ _0\"></span>ragin<span class=\"_ _0\"></span>g the bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et to an app<span class=\"_ _0\"></span>ropr<span class=\"_ _0\"></span>iate level h<span class=\"_ _0\"></span>aving re<span class=\"_ _0\"></span>gard to ec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>omic a<span class=\"_ _0\"></span>nd<span class=\"_ _363\"> </span> tradi<span class=\"_ _0\"></span>ng co<span class=\"_ _0\"></span>ndit<span class=\"_ _0\"></span>ions in t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up\u2019s market<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>e leve<span class=\"_ _0\"></span>l of internal c<span class=\"_ _0\"></span>ash ge<span class=\"_ _0\"></span>ner<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n, cre<span class=\"_ _0\"></span>dit c<span class=\"_ _0\"></span>ondi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns gen<span class=\"_ _0\"></span>erall<span class=\"_ _0\"></span>y and intere<span class=\"_ _0\"></span>st rates paya<span class=\"_ _0\"></span>ble.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group\u2019s c<span class=\"_ _0\"></span>apit<span class=\"_ _0\"></span>al str<span class=\"_ _0\"></span>uct<span class=\"_ _0\"></span>ure is kept und<span class=\"_ _0\"></span>er on<span class=\"_ _0\"></span>goin<span class=\"_ _0\"></span>g revie<span class=\"_ _0\"></span>w and th<span class=\"_ _0\"></span>e debt c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>one<span class=\"_ _0\"></span>nt is act<span class=\"_ _0\"></span>ivel<span class=\"_ _0\"></span>y manag<span class=\"_ _0\"></span>ed wit<span class=\"_ _0\"></span>h a vie<span class=\"_ _0\"></span>w to maintaini<span class=\"_ _0\"></span>ng dive<span class=\"_ _0\"></span>rsif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span> sources of funding, sign<span class=\"_ _2\"></span>if<span class=\"_ _0\"></span>icant undrawn faci<span class=\"_ _2\"></span>lities and cash deposits.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Dire<span class=\"_ _0\"></span>ctors m<span class=\"_ _0\"></span>oni<span class=\"_ _0\"></span>tor the C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any<span class=\"_ _0\"></span>\u2019s share pr<span class=\"_ _0\"></span>ice a<span class=\"_ _0\"></span>nd may fro<span class=\"_ _0\"></span>m time to ti<span class=\"_ _0\"></span>me exerc<span class=\"_ _0\"></span>ise th<span class=\"_ _0\"></span>eir powe<span class=\"_ _0\"></span>rs to make mar<span class=\"_ _0\"></span>ket purc<span class=\"_ _0\"></span>hases of th<span class=\"_ _0\"></span>e Co<span class=\"_ _0\"></span>mpany<span class=\"_ _0\"></span>\u2019s<span class=\"_ _363\"> </span> own share<span class=\"_ _0\"></span>s, at pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e levels w<span class=\"_ _0\"></span>hich t<span class=\"_ _0\"></span>hey c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>er to be in t<span class=\"_ _0\"></span>he bes<span class=\"_ _0\"></span>t interest<span class=\"_ _0\"></span>s of the sha<span class=\"_ _0\"></span>reho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs ge<span class=\"_ _0\"></span>nera<span class=\"_ _0\"></span>lly, a<span class=\"_ _4\"></span>f<span class=\"_ _0\"></span>ter tak<span class=\"_ _0\"></span>ing ac<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>unt of the C<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any<span class=\"_ _0\"></span>\u2019s<span class=\"_ _363\"> </span> overall fina<span class=\"_ _0\"></span>ncial posi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e prin<span class=\"_ _0\"></span>cipal b<span class=\"_ _0\"></span>ank cove<span class=\"_ _0\"></span>nants are a n<span class=\"_ _0\"></span>et de<span class=\"_ _0\"></span>bt to equit<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>atio limi<span class=\"_ _0\"></span>t of 85 pe<span class=\"_ _0\"></span>r ce<span class=\"_ _0\"></span>nt, E<span class=\"_ _0\"></span>BIT<span class=\"_ _0\"></span>DA intere<span class=\"_ _0\"></span>st cove<span class=\"_ _0\"></span>r of 3 times<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h exclud<span class=\"_ _0\"></span>es intere<span class=\"_ _0\"></span>st on le<span class=\"_ _0\"></span>ase<span class=\"_ _363\"> </span> liabili<span class=\"_ _0\"></span>ties<span class=\"_ _0\"></span>, and a m<span class=\"_ _0\"></span>inimum s<span class=\"_ _0\"></span>hareh<span class=\"_ _0\"></span>olde<span class=\"_ _0\"></span>rs\u2019 e<span class=\"_ _0\"></span>qui<span class=\"_ _0\"></span>ty of \u00a31<span class=\"_ _4\"></span>.0 billion at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e US notes c<span class=\"_ _0\"></span>ovenants<span class=\"_ _0\"></span>, whi<span class=\"_ _0\"></span>ch are teste<span class=\"_ _0\"></span>d on a pre<span class=\"_ _3\"></span>-IF<span class=\"_ _0\"></span>RS 1<span class=\"_ _2\"></span>6 b<span class=\"_ _0\"></span>asis, ar<span class=\"_ _0\"></span>e a net de<span class=\"_ _0\"></span>bt to equi<span class=\"_ _0\"></span>ty r<span class=\"_ _0\"></span>atio lim<span class=\"_ _0\"></span>it of 85 pe<span class=\"_ _0\"></span>r ce<span class=\"_ _0\"></span>nt, E<span class=\"_ _0\"></span>BIT<span class=\"_ _0\"></span>DA intere<span class=\"_ _0\"></span>st cove<span class=\"_ _0\"></span>r of 4 times<span class=\"_ _0\"></span> and a mini<span class=\"_ _0\"></span>mum sha<span class=\"_ _0\"></span>reho<span class=\"_ _0\"></span>lde<span class=\"_ _0\"></span>rs\u2019 e<span class=\"_ _0\"></span>quit<span class=\"_ _0\"></span>y of \u00a31<span class=\"_ _2\"></span>.2 b<span class=\"_ _0\"></span>illion at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2.<span class=\"_ _363\"> </span>At 31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 the n<span class=\"_ _0\"></span>et (cash)/<span class=\"_ _2\"></span>de<span class=\"_ _0\"></span>bt to equit<span class=\"_ _0\"></span>y r<span class=\"_ _0\"></span>atio was ne<span class=\"_ _0\"></span>gati<span class=\"_ _0\"></span>ve 0.5 per c<span class=\"_ _0\"></span>ent (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: neg<span class=\"_ _0\"></span>ative 8 p<span class=\"_ _0\"></span>er ce<span class=\"_ _0\"></span>nt) as the Gro<span class=\"_ _0\"></span>up was in a ne<span class=\"_ _0\"></span>t cash p<span class=\"_ _0\"></span>ositi<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span> of \u00a38.9 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a3139.0 million) and share<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s\u2019 eq<span class=\"_ _0\"></span>uit<span class=\"_ _0\"></span>y was \u00a31<span class=\"_ _2\"></span>.75 billion. E<span class=\"_ _0\"></span>BIT<span class=\"_ _0\"></span>DA<span class=\"_ _0\"></span>, f<span class=\"_ _0\"></span>rom c<span class=\"_ _0\"></span>ontinui<span class=\"_ _0\"></span>ng op<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>, for the ye<span class=\"_ _0\"></span>ar was \u00a33<span class=\"_ _0\"></span>81<span class=\"_ _2\"></span>.<span class=\"_ _0\"></span>2 million<span class=\"_ _0\"></span> (2021<span class=\"_ _2\"></span>: \u00a3<span class=\"_ _0\"></span>373.<span class=\"_ _0\"></span>4 million) and und<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>lyin<span class=\"_ _0\"></span>g EBI<span class=\"_ _0\"></span>TD<span class=\"_ _0\"></span>A interest c<span class=\"_ _0\"></span>over for 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 was 32<span class=\"_ _0\"></span>.2 time<span class=\"_ _0\"></span>s (2021<span class=\"_ _2\"></span>: 18.0 times). On a pre<span class=\"_ _3\"></span>-IF<span class=\"_ _0\"></span>RS 1<span class=\"_ _2\"></span>6 b<span class=\"_ _0\"></span>asis, t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up had ne<span class=\"_ _0\"></span>t<span class=\"_ _363\"> </span> cash of \u00a34<span class=\"_ _0\"></span>58<span class=\"_ _0\"></span>.2 milli<span class=\"_ _0\"></span>on and E<span class=\"_ _0\"></span>BI<span class=\"_ _0\"></span>TDA for t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r was \u00a3307<span class=\"_ _2\"></span>.8 mill<span class=\"_ _0\"></span>ion an<span class=\"_ _0\"></span>d unde<span class=\"_ _0\"></span>rl<span class=\"_ _0\"></span>ying E<span class=\"_ _0\"></span>BIT<span class=\"_ _0\"></span>DA intere<span class=\"_ _0\"></span>st cove<span class=\"_ _0\"></span>r for 20<span class=\"_ _0\"></span>22 was ne<span class=\"_ _0\"></span>gati<span class=\"_ _0\"></span>ve 99.<span class=\"_ _0\"></span>3 tim<span class=\"_ _0\"></span>es as the<span class=\"_ _0\"></span> Group h<span class=\"_ _0\"></span>ad net inte<span class=\"_ _0\"></span>rest in<span class=\"_ _0\"></span>com<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Funding and<span class=\"_ _2\"></span> Liquidit<span class=\"_ _0\"></span>y<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e Group h<span class=\"_ _0\"></span>as cash res<span class=\"_ _0\"></span>ourc<span class=\"_ _0\"></span>es at its d<span class=\"_ _0\"></span>ispos<span class=\"_ _0\"></span>al thro<span class=\"_ _0\"></span>ugh th<span class=\"_ _0\"></span>e hol<span class=\"_ _0\"></span>ding of de<span class=\"_ _0\"></span>posi<span class=\"_ _0\"></span>ts and c<span class=\"_ _0\"></span>ash balan<span class=\"_ _0\"></span>ces of \u00a3<span class=\"_ _0\"></span>71<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>.7 million at th<span class=\"_ _0\"></span>e year e<span class=\"_ _0\"></span>nd (2021<span class=\"_ _2\"></span>: \u00a3<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>.<span class=\"_ _2\"></span>7<span class=\"_ _0\"></span> millio<span class=\"_ _0\"></span>n<span class=\"_ _4\"></span>) whic<span class=\"_ _0\"></span>h toget<span class=\"_ _0\"></span>her wi<span class=\"_ _0\"></span>th und<span class=\"_ _0\"></span>rawn ban<span class=\"_ _0\"></span>k facilit<span class=\"_ _0\"></span>ies of \u00a3<span class=\"_ _0\"></span>226<span class=\"_ _0\"></span>.9 millio<span class=\"_ _0\"></span>n (2021<span class=\"_ _2\"></span>: \u00a33<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4.7 million) and cas<span class=\"_ _0\"></span>h \u2013 fl<span class=\"_ _0\"></span>ow from o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ation p<span class=\"_ _0\"></span>rovid<span class=\"_ _0\"></span>es f<span class=\"_ _0\"></span>lexib<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y in<span class=\"_ _363\"> </span> fin<span class=\"_ _0\"></span>ancin<span class=\"_ _0\"></span>g its o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ations<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e following a<span class=\"_ _0\"></span>re the un<span class=\"_ _0\"></span>disco<span class=\"_ _0\"></span>unted c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>actual m<span class=\"_ _0\"></span>aturi<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s of finan<span class=\"_ _0\"></span>cial li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>ies<span class=\"_ _0\"></span>, inclu<span class=\"_ _0\"></span>ding intere<span class=\"_ _0\"></span>st pay<span class=\"_ _0\"></span>ments<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _363\"> </span>Carrying<span class=\"_ _363\"> </span> Amount<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Contractual <span class=\"ls2 ws0\"> </span>Cash Flow*<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Within <span class=\"ls2 ws0\"> </span>1<span class=\"_ _0\"></span> Ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Between<span class=\"_ _2\"></span> <span class=\"ls2 ws0\"> </span>1 an<span class=\"_ _0\"></span>d 2 Year<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Between<span class=\"_ _2\"></span> <span class=\"ls2 ws0\"> </span>2 an<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span>5<span class=\"_ _0\"></span> Ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Greater Than<span class=\"_ _363\"> </span>5<span class=\"_ _0\"></span> Ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Non-Derivative<span class=\"_ _2\"></span> Financial Liabilities<span class=\"_ _363\"> </span>Bank loans<span class=\"_ _bc\"> </span><span class=\"ff83 ls33 ws29\">112<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>8<span class=\"_ _db\"> </span><span class=\"ls89 wsd0\">12<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>,7<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>6<span class=\"_ _46\"> </span><span class=\"ls47 ws3d\">3,<span class=\"_ _0\"></span>480<span class=\"_ _46\"> </span><span class=\"ls15 ws32\">3,49<span class=\"_ _0\"></span>0<span class=\"_ _a1\"> </span></span></span>12<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>6<span class=\"_ _79\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _363\"> </span></span></span></span>US se<span class=\"_ _0\"></span>nior n<span class=\"_ _0\"></span>otes<span class=\"_ _2b2\"> </span><span class=\"ff83 ls3f ws36\">141,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _db\"> </span><span class=\"ls33 ws29\">1<span class=\"_ _0\"></span>6<span class=\"_ _34\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>11<span class=\"_ _6d\"> </span><span class=\"ls18 ws12\">3,526<span class=\"_ _46\"> </span>3,<span class=\"_ _0\"></span>526<span class=\"_ _5b\"> </span><span class=\"ls31 ws27\">10<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>9<span class=\"_ _db\"> </span><span class=\"ls146 ws155\">14<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>0<span class=\"_ _363\"> </span></span></span></span></span></span>Lease liabi<span class=\"_ _2\"></span>lities<span class=\"_ _2b3\"> </span><span class=\"ff83 ls15 ws32\">4<span class=\"_ _0\"></span>49,3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>3<span class=\"_ _c2\"> </span><span class=\"ls13 ws22\">520,654<span class=\"_ _c4\"> </span><span class=\"ls134 ws145\">7<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>,10<span class=\"_ _3\"></span>4<span class=\"_ _c4\"> </span><span class=\"lsdb wsb1\">69,9<span class=\"_ _0\"></span>47<span class=\"_ _b4\"> </span><span class=\"lse7 wsb8\">18<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>8<span class=\"_ _2c\"> </span><span class=\"ls89 wsd0\">19<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>915<span class=\"_ _363\"> </span></span></span></span></span></span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r payable<span class=\"_ _0\"></span>s<span class=\"_ _2b4\"> </span><span class=\"ff83 ls13 ws22\">420,65<span class=\"_ _0\"></span>3<span class=\"_ _c2\"> </span>420,653<span class=\"_ _c2\"> </span>420,65<span class=\"_ _0\"></span>3<span class=\"_ _e7\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _363\"> </span></span></span>Derivative<span class=\"_ _4\"></span> Financial Instrume<span class=\"_ _0\"></span>nts<span class=\"_ _363\"> </span>Other derivati<span class=\"_ _4\"></span>ves<span class=\"_ _24b\"> </span><span class=\"ff83 ls20 ws19\">29<span class=\"_ _f5\"> </span>29<span class=\"_ _f5\"> </span>29<span class=\"_ _e7\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _363\"> </span></span></span>1,12<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>7<span class=\"_ _2b\"> </span><span class=\"lsc2 ws168\">1,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _3\"></span>3<span class=\"_ _96\"> </span><span class=\"ls155 ws169\">5<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>2<span class=\"_ _5b\"> </span><span class=\"ls14 wsb9\">76,9<span class=\"_ _0\"></span>63<span class=\"_ _96\"> </span><span class=\"ls8b ws7c\">31<span class=\"_ _2\"></span>5,09<span class=\"_ _0\"></span>3<span class=\"_ _2f\"> </span><span class=\"ls47 ws3d\">34<span class=\"_ _0\"></span>3,895<span class=\"_ _363\"> </span></span></span></span></span></span>*  <span class=\"_ _32\"> </span>I<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>s inte<span class=\"_ _0\"></span>res<span class=\"_ _0\"></span>t bas<span class=\"_ _0\"></span>ed on t<span class=\"_ _0\"></span>he r<span class=\"_ _0\"></span>ates in p<span class=\"_ _0\"></span>lac<span class=\"_ _0\"></span>e at 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span> Carrying<span class=\"_ _363\"> </span> Amount<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Contractual <span class=\"ls2 ws0\"> </span>Cash Flow*<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Within <span class=\"ls2 ws0\"> </span>1<span class=\"_ _0\"></span> Ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Between<span class=\"_ _2\"></span> <span class=\"ls2 ws0\"> </span>1 an<span class=\"_ _0\"></span>d 2 Year<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Between<span class=\"_ _2\"></span> <span class=\"ls2 ws0\"> </span>2 an<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span>5<span class=\"_ _0\"></span> Ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Greater Than<span class=\"_ _363\"> </span>5<span class=\"_ _0\"></span> Ye<span class=\"_ _0\"></span>a<span class=\"_ _0\"></span>r<span class=\"_ _3\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Non-Derivative<span class=\"_ _2\"></span> Financial Liabilities<span class=\"_ _363\"> </span>Bank loans<span class=\"_ _bc\"> </span><span class=\"lsc0 ws9a\">1<span class=\"_ _5\"></span>22,7<span class=\"_ _2\"></span>29<span class=\"_ _2c\"> </span>1<span class=\"_ _2\"></span>22,67<span class=\"_ _2\"></span>6<span class=\"_ _c4\"> </span><span class=\"ls16 ws10c\">8<span class=\"_ _0\"></span>3,<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>42<span class=\"_ _c4\"> </span><span class=\"ls13 ws22\">3<span class=\"_ _0\"></span>9,03<span class=\"_ _0\"></span>4<span class=\"_ _e7\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _363\"> </span></span></span></span></span>US se<span class=\"_ _0\"></span>nior n<span class=\"_ _0\"></span>otes<span class=\"_ _3a\"> </span><span class=\"lse0 wsd7\">13<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>2<span class=\"_ _2c\"> </span><span class=\"ls12a wsab\">1<span class=\"_ _2\"></span>60,2<span class=\"_ _4\"></span>50<span class=\"_ _6d\"> </span><span class=\"ls42 ws38\">3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>41<span class=\"_ _a3\"> </span>3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>41<span class=\"_ _5d\"> </span><span class=\"ls20 ws19\">1<span class=\"_ _2\"></span>0,023<span class=\"_ _b0\"> </span><span class=\"lse8 wsde\">14<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>5<span class=\"_ _363\"> </span></span></span></span></span></span>Lease liabi<span class=\"_ _2\"></span>lities<span class=\"_ _2b5\"> </span><span class=\"lsa7 ws9c\">4<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>,99<span class=\"_ _0\"></span>4<span class=\"_ _b0\"> </span><span class=\"ls14 wsb9\">5<span class=\"_ _0\"></span>36<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>325<span class=\"_ _5d\"> </span><span class=\"lsdd ws3b\">7<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>8<span class=\"_ _5d\"> </span></span></span></span><span class=\"ls6b\">65,256<span class=\"_ _b0\"> </span><span class=\"lsdd ws3b\">17<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>4<span class=\"_ _21\"> </span>2<span class=\"_ _3\"></span>21,<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>7<span class=\"_ _363\"> </span></span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r payable<span class=\"_ _0\"></span>s<span class=\"_ _d5\"> </span><span class=\"lsdf wsd6\">4<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>,111<span class=\"_ _5b\"> </span>4<span class=\"_ _0\"></span>19<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>111<span class=\"_ _20\"> </span>4<span class=\"_ _3\"></span>19<span class=\"_ _3\"></span>,111<span class=\"_ _f7\"> </span></span><span class=\"ls2\">\u2013<span class=\"_ _114\"> </span>\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _363\"> </span></span>Derivative<span class=\"_ _4\"></span> Financial Instrume<span class=\"_ _0\"></span>nts<span class=\"_ _363\"> </span>Other derivati<span class=\"_ _4\"></span>ves<span class=\"_ _2b6\"> </span><span class=\"ls2 ws0\">8<span class=\"_ _f7\"> </span>8<span class=\"_ _f7\"> </span>8<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _e7\"> </span>\u2013<span class=\"_ _363\"> </span></span>1,<span class=\"_ _0\"></span>12<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _1\"> </span>4<span class=\"_ _9d\"> </span><span class=\"ls12a wsab\">1<span class=\"_ _2\"></span>,2<span class=\"_ _2\"></span>3<span class=\"_ _0\"></span>8,37<span class=\"_ _2\"></span>0<span class=\"_ _db\"> </span><span class=\"ls1f wsc\">577<span class=\"_ _2\"></span>,4<span class=\"_ _2\"></span>90<span class=\"_ _21\"> </span><span class=\"ls143 ws151\">1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>7,<span class=\"_ _34\"></span>6<span class=\"_ _34\"></span>3<span class=\"_ _3\"></span>1<span class=\"_ _2c\"> </span><span class=\"lsdd ws3b\">18<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>7<span class=\"_ _11f\"> </span><span class=\"ls6b wsb\">365,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>92<span class=\"_ _363\"> </span></span></span></span></span></span>* <span class=\"_ _35\"> </span> Inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>es in<span class=\"_ _0\"></span>tere<span class=\"_ _0\"></span>st bas<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n th<span class=\"_ _0\"></span>e rates i<span class=\"_ _0\"></span>n pla<span class=\"_ _0\"></span>ce at 31 D<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>21.<span class=\"_ _363\"> </span>21. <span class=\"_ _1f2\"> </span>Financial Instruments and Financial R<span class=\"_ _4\"></span>isk<span class=\"ff85 ls9d ws54\"> continu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e following t<span class=\"_ _0\"></span>able i<span class=\"_ _0\"></span>ndic<span class=\"_ _0\"></span>ates the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>ods in wh<span class=\"_ _0\"></span>ich c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows asso<span class=\"_ _0\"></span>ciated wi<span class=\"_ _0\"></span>th de<span class=\"_ _0\"></span>ri<span class=\"_ _0\"></span>vatives t<span class=\"_ _0\"></span>hat are cas<span class=\"_ _0\"></span>h fl<span class=\"_ _0\"></span>ow hed<span class=\"_ _0\"></span>ges are e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>cte<span class=\"_ _0\"></span>d to occu<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>22 Carrying<span class=\"_ _363\"> </span>Amount<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>E<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted<span class=\"_ _363\"> </span>Cash Flow<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>6 Months<span class=\"_ _2\"></span> or<span class=\"_ _363\"> </span>Less<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>6 to 12<span class=\"_ _363\"> </span>Months<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>1 to 2<span class=\"_ _363\"> </span>Ye<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>2 to 3<span class=\"_ _363\"> </span>Ye<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>3 to 4 Ye<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>4 to 5<span class=\"_ _363\"> </span>Ye<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Other derivatives<span class=\"_ _178\"> </span><span class=\"ls35 ws2b\">(2<span class=\"_ _0\"></span>9)<span class=\"_ _b0\"> </span>(2<span class=\"_ _0\"></span>9)<span class=\"_ _b0\"> </span>(<span class=\"_ _0\"></span>29)<span class=\"_ _5f\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _6e\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _363\"> </span></span></span>31 Dec<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Carrying<span class=\"_ _363\"> </span>Amount<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>E<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>c<span class=\"_ _0\"></span>ted<span class=\"_ _363\"> </span>Cash Flow<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>6 Months<span class=\"_ _2\"></span> or<span class=\"_ _363\"> </span>Less<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>6 to 12<span class=\"_ _363\"> </span>Months<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>1 to 2<span class=\"_ _363\"> </span>Ye<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>2 to 3<span class=\"_ _363\"> </span>Ye<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>3 to 4 Ye<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>4 to 5<span class=\"_ _363\"> </span>Ye<span class=\"_ _0\"></span>a<span class=\"_ _3\"></span>r<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Other derivati<span class=\"_ _4\"></span>ves<span class=\"_ _2b7\"> </span><span class=\"lse4 wsdc\">(8)<span class=\"_ _126\"> </span>(8)<span class=\"_ _126\"> </span>(8)<span class=\"_ _5f\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _6e\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _6d\"> </span>\u2013<span class=\"_ _363\"> </span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-670": {
   "value": "Fair<span class=\"_ _2\"></span> Value<span class=\"_ _363\"> </span>A numb<span class=\"_ _0\"></span>er of the G<span class=\"_ _0\"></span>roup\u2019s ac<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nting p<span class=\"_ _0\"></span>olici<span class=\"_ _0\"></span>es and d<span class=\"_ _0\"></span>isclo<span class=\"_ _0\"></span>sures re<span class=\"_ _0\"></span>quire th<span class=\"_ _0\"></span>e deter<span class=\"_ _0\"></span>minat<span class=\"_ _0\"></span>ion of fair va<span class=\"_ _0\"></span>lue, for b<span class=\"_ _0\"></span>oth f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial and n<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>-f<span class=\"_ _0\"></span>ina<span class=\"_ _0\"></span>ncial as<span class=\"_ _0\"></span>sets<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>and liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es. S<span class=\"_ _0\"></span>et o<span class=\"_ _0\"></span>ut be<span class=\"_ _0\"></span>low is an ana<span class=\"_ _0\"></span>lysis of f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial inst<span class=\"_ _0\"></span>rum<span class=\"_ _0\"></span>ents c<span class=\"_ _0\"></span>arr<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d at fair valu<span class=\"_ _0\"></span>e, by valuat<span class=\"_ _0\"></span>ion m<span class=\"_ _0\"></span>etho<span class=\"_ _0\"></span>d. T<span class=\"_ _0\"></span>he dif<span class=\"_ _0\"></span>fere<span class=\"_ _0\"></span>nt leve<span class=\"_ _0\"></span>ls in the fa<span class=\"_ _0\"></span>ir value<span class=\"_ _0\"></span> hier<span class=\"_ _0\"></span>archy have b<span class=\"_ _0\"></span>een d<span class=\"_ _0\"></span>ef<span class=\"_ _0\"></span>ined a<span class=\"_ _0\"></span>s follows:<span class=\"_ _363\"> </span>Level 1<span class=\"_ _4\"></span>: quoted (unadjus<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>) pric<span class=\"_ _0\"></span>es in ac<span class=\"_ _0\"></span>tive m<span class=\"_ _0\"></span>arkets fo<span class=\"_ _0\"></span>r ide<span class=\"_ _0\"></span>ntica<span class=\"_ _0\"></span>l assets o<span class=\"_ _0\"></span>r liabili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>Level 2<span class=\"_ _0\"></span>: inpu<span class=\"_ _0\"></span>ts othe<span class=\"_ _0\"></span>r tha<span class=\"_ _0\"></span>n quoted pr<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>es incl<span class=\"_ _0\"></span>ude<span class=\"_ _0\"></span>d with<span class=\"_ _0\"></span>in level 1 t<span class=\"_ _0\"></span>hat are o<span class=\"_ _0\"></span>bser<span class=\"_ _3\"></span>vable, e<span class=\"_ _0\"></span>ith<span class=\"_ _0\"></span>er dire<span class=\"_ _0\"></span>ctl<span class=\"_ _0\"></span>y or ind<span class=\"_ _0\"></span>irec<span class=\"_ _0\"></span>tly. Level 3: i<span class=\"_ _0\"></span>nput<span class=\"_ _0\"></span>s that are n<span class=\"_ _0\"></span>ot based o<span class=\"_ _0\"></span>n obs<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>vab<span class=\"_ _0\"></span>le mar<span class=\"_ _0\"></span>ket data<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Fair value<span class=\"_ _0\"></span>s have be<span class=\"_ _0\"></span>en de<span class=\"_ _0\"></span>term<span class=\"_ _0\"></span>ined fo<span class=\"_ _0\"></span>r measu<span class=\"_ _0\"></span>reme<span class=\"_ _0\"></span>nt and<span class=\"_ _0\"></span>/<span class=\"_ _2\"></span>o<span class=\"_ _0\"></span>r discl<span class=\"_ _0\"></span>osure p<span class=\"_ _0\"></span>urp<span class=\"_ _0\"></span>oses b<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n the foll<span class=\"_ _0\"></span>owing me<span class=\"_ _0\"></span>tho<span class=\"_ _0\"></span>ds.<span class=\"_ _363\"> </span>Trade and Other R<span class=\"_ _2\"></span>eceivables/T<span class=\"_ _2\"></span>ra<span class=\"_ _0\"></span>de and Other P<span class=\"_ _2\"></span>ayables<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">For re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivab<span class=\"_ _0\"></span>les and p<span class=\"_ _0\"></span>ayable<span class=\"_ _0\"></span>s with a re<span class=\"_ _0\"></span>mainin<span class=\"_ _0\"></span>g life of less t<span class=\"_ _0\"></span>han six m<span class=\"_ _0\"></span>onths o<span class=\"_ _0\"></span>r dem<span class=\"_ _0\"></span>and bal<span class=\"_ _0\"></span>ance<span class=\"_ _0\"></span>s, fai<span class=\"_ _0\"></span>r value is t<span class=\"_ _0\"></span>he amo<span class=\"_ _0\"></span>unt that is p<span class=\"_ _0\"></span>ayable<span class=\"_ _0\"></span> </span>cont<span class=\"_ _0\"></span>rac<span class=\"_ _0\"></span>tually l<span class=\"_ _0\"></span>ess an im<span class=\"_ _0\"></span>pair<span class=\"_ _0\"></span>ment p<span class=\"_ _0\"></span>rovisio<span class=\"_ _0\"></span>n whe<span class=\"_ _0\"></span>re appro<span class=\"_ _0\"></span>pri<span class=\"_ _0\"></span>ate.<span class=\"_ _363\"> </span>Cash and<span class=\"_ _2\"></span> Cash Equivalents,<span class=\"_ _2\"></span> Inclu<span class=\"_ _0\"></span>ding Short T<span class=\"_ _2\"></span>erm Bank<span class=\"_ _4\"></span> Deposits<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">For s<span class=\"_ _0\"></span>hor<span class=\"_ _3\"></span>t term ban<span class=\"_ _0\"></span>k dep<span class=\"_ _0\"></span>osit<span class=\"_ _0\"></span>s and cas<span class=\"_ _0\"></span>h and c<span class=\"_ _0\"></span>ash equi<span class=\"_ _0\"></span>vale<span class=\"_ _0\"></span>nts, all of wh<span class=\"_ _0\"></span>ich have a re<span class=\"_ _0\"></span>maining m<span class=\"_ _0\"></span>aturi<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y of less th<span class=\"_ _0\"></span>an thre<span class=\"_ _0\"></span>e mo<span class=\"_ _0\"></span>nths<span class=\"_ _0\"></span>, the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying </span>amou<span class=\"_ _0\"></span>nt is a reaso<span class=\"_ _0\"></span>nable a<span class=\"_ _0\"></span>pproxim<span class=\"_ _0\"></span>ation of fai<span class=\"_ _0\"></span>r value. At 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>22<span class=\"_ _0\"></span>, \u00a34.0 mill<span class=\"_ _0\"></span>ion of cas<span class=\"_ _0\"></span>h (2021<span class=\"_ _2\"></span>: \u00a34.0 mill<span class=\"_ _0\"></span>ion) is retaine<span class=\"_ _0\"></span>d in th<span class=\"_ _0\"></span>e event of <span class=\"ls2\"> </span>a defaul<span class=\"_ _0\"></span>t by the Gro<span class=\"_ _0\"></span>up on a l<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>ter of cred<span class=\"_ _0\"></span>it. T<span class=\"_ _0\"></span>his ar<span class=\"_ _0\"></span>ran<span class=\"_ _0\"></span>gem<span class=\"_ _0\"></span>ent ca<span class=\"_ _0\"></span>n be rep<span class=\"_ _0\"></span>lace<span class=\"_ _0\"></span>d at any tim<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Other Financial A<span class=\"_ _2\"></span>ssets<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n of the Gro<span class=\"_ _0\"></span>up\u2019s fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al asset<span class=\"_ _0\"></span>s are co<span class=\"_ _0\"></span>mpri<span class=\"_ _0\"></span>sed of invest<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nts that d<span class=\"_ _0\"></span>o not have a quoted m<span class=\"_ _0\"></span>arket p<span class=\"_ _0\"></span>ric<span class=\"_ _0\"></span>e in an ac<span class=\"_ _0\"></span>tive ma<span class=\"_ _0\"></span>rket and w<span class=\"_ _0\"></span>hose f<span class=\"_ _0\"></span>air </span>value c<span class=\"_ _0\"></span>annot b<span class=\"_ _0\"></span>e reliab<span class=\"_ _0\"></span>ly me<span class=\"_ _0\"></span>asured<span class=\"_ _0\"></span>. Su<span class=\"_ _0\"></span>ch invest<span class=\"_ _0\"></span>ments a<span class=\"_ _0\"></span>re measu<span class=\"_ _0\"></span>red at c<span class=\"_ _0\"></span>ost le<span class=\"_ _0\"></span>ss provisi<span class=\"_ _0\"></span>on for i<span class=\"_ _0\"></span>mpair<span class=\"_ _0\"></span>ment w<span class=\"_ _0\"></span>here a<span class=\"_ _0\"></span>pprop<span class=\"_ _0\"></span>riate and a<span class=\"_ _0\"></span>pplic<span class=\"_ _0\"></span>abl<span class=\"_ _0\"></span>e.<span class=\"_ _363\"> </span>Derivativ<span class=\"_ _2\"></span>e Instruments (<span class=\"_ _2\"></span>Interest R<span class=\"_ _2\"></span>a<span class=\"_ _0\"></span>te Swaps<span class=\"_ _2\"></span> &amp; Foreign<span class=\"_ _2\"></span> Currency F<span class=\"_ _2\"></span>or<span class=\"_ _0\"></span>wards<span class=\"_ _2\"></span>)<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">Th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>es of interest r<span class=\"_ _0\"></span>ate swaps and fore<span class=\"_ _0\"></span>ign cu<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>ncy for<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rds are cal<span class=\"_ _0\"></span>culate<span class=\"_ _0\"></span>d as the pre<span class=\"_ _0\"></span>sent val<span class=\"_ _0\"></span>ue of the e<span class=\"_ _0\"></span>stimate<span class=\"_ _0\"></span>d fut<span class=\"_ _0\"></span>ure cash f<span class=\"_ _0\"></span>lows b<span class=\"_ _0\"></span>ased<span class=\"_ _0\"></span> </span>on th<span class=\"_ _0\"></span>e terms a<span class=\"_ _0\"></span>nd matur<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y of each c<span class=\"_ _0\"></span>ont<span class=\"_ _0\"></span>ract a<span class=\"_ _0\"></span>nd using t<span class=\"_ _0\"></span>he sp<span class=\"_ _0\"></span>ot, for<span class=\"_ _0\"></span>wa<span class=\"_ _0\"></span>rd cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y rates and ma<span class=\"_ _0\"></span>rket intere<span class=\"_ _0\"></span>st rates as ap<span class=\"_ _0\"></span>plic<span class=\"_ _0\"></span>able for a s<span class=\"_ _0\"></span>imilar<span class=\"_ _0\"></span> instr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nt at the m<span class=\"_ _0\"></span>easure<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt date. Fair value<span class=\"_ _0\"></span>s ref<span class=\"_ _0\"></span>lec<span class=\"_ _0\"></span>t the c<span class=\"_ _0\"></span>redi<span class=\"_ _0\"></span>t risk of th<span class=\"_ _0\"></span>e instr<span class=\"_ _0\"></span>um<span class=\"_ _0\"></span>ent and in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e adjus<span class=\"_ _0\"></span>tme<span class=\"_ _0\"></span>nts to take acc<span class=\"_ _0\"></span>ount of th<span class=\"_ _0\"></span>e cred<span class=\"_ _0\"></span>it risk of th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p entit<span class=\"_ _0\"></span>y an<span class=\"_ _0\"></span>d cou<span class=\"_ _0\"></span>nterpa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y whe<span class=\"_ _0\"></span>re appro<span class=\"_ _0\"></span>pr<span class=\"_ _0\"></span>iate.<span class=\"_ _363\"> </span>Interest Bearing<span class=\"_ _2\"></span> Loans and Borrowings<span class=\"_ _363\"> </span>\u2022 <span class=\"_ _32\"> </span><span class=\"ws0\">For f<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>ating r<span class=\"_ _0\"></span>ate interest be<span class=\"_ _0\"></span>arin<span class=\"_ _0\"></span>g loans a<span class=\"_ _0\"></span>nd bo<span class=\"_ _0\"></span>rrowin<span class=\"_ _0\"></span>gs wit<span class=\"_ _0\"></span>h a cont<span class=\"_ _0\"></span>ractu<span class=\"_ _0\"></span>al repr<span class=\"_ _0\"></span>ici<span class=\"_ _0\"></span>ng date of less t<span class=\"_ _0\"></span>han six m<span class=\"_ _0\"></span>onths<span class=\"_ _0\"></span>, th<span class=\"_ _0\"></span>e nomi<span class=\"_ _0\"></span>nal amo<span class=\"_ _0\"></span>unt is de<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ed </span>to refle<span class=\"_ _0\"></span>ct fa<span class=\"_ _0\"></span>ir value. F<span class=\"_ _0\"></span>or lo<span class=\"_ _0\"></span>ans wit<span class=\"_ _0\"></span>h repr<span class=\"_ _0\"></span>icin<span class=\"_ _0\"></span>g dates of greater t<span class=\"_ _0\"></span>han six m<span class=\"_ _0\"></span>onths<span class=\"_ _0\"></span>, the f<span class=\"_ _0\"></span>air value is c<span class=\"_ _0\"></span>alcu<span class=\"_ _0\"></span>lated base<span class=\"_ _0\"></span>d on t<span class=\"_ _0\"></span>he pres<span class=\"_ _0\"></span>ent valu<span class=\"_ _0\"></span>e of the exp<span class=\"_ _0\"></span>ecte<span class=\"_ _0\"></span>d fut<span class=\"_ _0\"></span>ure pri<span class=\"_ _0\"></span>ncip<span class=\"_ _0\"></span>al and intere<span class=\"_ _0\"></span>st cash f<span class=\"_ _0\"></span>lows dis<span class=\"_ _0\"></span>cou<span class=\"_ _0\"></span>nted at interes<span class=\"_ _0\"></span>t rates ef<span class=\"_ _0\"></span>fec<span class=\"_ _0\"></span>tive at th<span class=\"_ _0\"></span>e balan<span class=\"_ _0\"></span>ce sh<span class=\"_ _0\"></span>eet d<span class=\"_ _0\"></span>ate and adjus<span class=\"_ _0\"></span>ted for cre<span class=\"_ _0\"></span>dit sp<span class=\"_ _0\"></span>read.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e following t<span class=\"_ _0\"></span>able s<span class=\"_ _0\"></span>hows the f<span class=\"_ _0\"></span>air value<span class=\"_ _0\"></span>s of fina<span class=\"_ _0\"></span>ncial as<span class=\"_ _0\"></span>sets a<span class=\"_ _0\"></span>nd liabil<span class=\"_ _0\"></span>itie<span class=\"_ _0\"></span>s inclu<span class=\"_ _0\"></span>ding th<span class=\"_ _0\"></span>eir l<span class=\"_ _0\"></span>evel in th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e hie<span class=\"_ _0\"></span>rarchy, which are c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>dere<span class=\"_ _0\"></span>d Level 2<span class=\"_ _0\"></span>. It do<span class=\"_ _0\"></span>es not in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e inform<span class=\"_ _0\"></span>ation fo<span class=\"_ _0\"></span>r fin<span class=\"_ _0\"></span>anci<span class=\"_ _0\"></span>al asset<span class=\"_ _0\"></span>s and f<span class=\"_ _0\"></span>inanc<span class=\"_ _0\"></span>ial liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es not me<span class=\"_ _0\"></span>asured at fa<span class=\"_ _0\"></span>ir value i<span class=\"_ _0\"></span>f the c<span class=\"_ _0\"></span>arr<span class=\"_ _3\"></span>ying am<span class=\"_ _0\"></span>ount is a<span class=\"_ _0\"></span> reason<span class=\"_ _0\"></span>able a<span class=\"_ _0\"></span>pproximat<span class=\"_ _0\"></span>ion of fair va<span class=\"_ _0\"></span>lue. D<span class=\"_ _0\"></span>efer<span class=\"_ _0\"></span>red c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>erati<span class=\"_ _0\"></span>on is cl<span class=\"_ _0\"></span>assif<span class=\"_ _0\"></span>ied as L<span class=\"_ _0\"></span>evel 3.<span class=\"_ _363\"> </span>2022 T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>Lev<span class=\"_ _0\"></span>el 2 \u00a3\u2019000<span class=\"_ _363\"> </span>Liabilities measured<span class=\"_ _4\"></span> and recognised at fair<span class=\"_ _2\"></span> value<span class=\"_ _363\"> </span>Des<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>s he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>Ot<span class=\"_ _0\"></span>her d<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ivative i<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts<span class=\"_ _218\"> </span><span class=\"ff83 ls35 ws2b\">(2<span class=\"_ _0\"></span>9)<span class=\"_ _c1\"> </span>(<span class=\"_ _0\"></span>29)<span class=\"_ _363\"> </span></span>Liabilities not<span class=\"_ _2\"></span> measure<span class=\"_ _0\"></span>d at f<span class=\"_ _4\"></span>air value<span class=\"_ _363\"> </span>Li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s at a<span class=\"_ _0\"></span>mor<span class=\"_ _3\"></span>tise<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>st<span class=\"_ _363\"> </span>US se<span class=\"_ _0\"></span>nior n<span class=\"_ _0\"></span>otes<span class=\"_ _24e\"> </span><span class=\"ff83 ls1a ws7d\">(1<span class=\"_ _2\"></span>26<span class=\"_ _0\"></span>,605<span class=\"_ _0\"></span>)<span class=\"_ _2b\"> </span>(1<span class=\"_ _2\"></span>26,6<span class=\"_ _0\"></span>05)<span class=\"_ _363\"> </span></span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Lev<span class=\"_ _0\"></span>el 2<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>Liabilities measured<span class=\"_ _4\"></span> and recognised at fair<span class=\"_ _2\"></span> value<span class=\"_ _363\"> </span>Des<span class=\"_ _0\"></span>ig<span class=\"_ _0\"></span>na<span class=\"_ _0\"></span>ted a<span class=\"_ _0\"></span>s he<span class=\"_ _0\"></span>dg<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g in<span class=\"_ _0\"></span>st<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>Ot<span class=\"_ _0\"></span>her d<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ivative i<span class=\"_ _0\"></span>nstr<span class=\"_ _0\"></span>ume<span class=\"_ _0\"></span>nts<span class=\"_ _2ab\"> </span><span class=\"lse4 wsdc\">(8)<span class=\"_ _f4\"> </span>(8)<span class=\"_ _363\"> </span></span>Liabilities not<span class=\"_ _2\"></span> measure<span class=\"_ _0\"></span>d at f<span class=\"_ _4\"></span>air value<span class=\"_ _363\"> </span>Li<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>ili<span class=\"_ _0\"></span>tie<span class=\"_ _0\"></span>s at a<span class=\"_ _0\"></span>mor<span class=\"_ _3\"></span>tise<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>st<span class=\"_ _363\"> </span>US se<span class=\"_ _0\"></span>nior n<span class=\"_ _0\"></span>otes<span class=\"_ _11c\"> </span><span class=\"lse0 wsd7\">(<span class=\"_ _0\"></span>13<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _34\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _1af\"> </span>(<span class=\"_ _0\"></span>13<span class=\"_ _3\"></span>4<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _34\"></span>4<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span>Level<span class=\"_ _2\"></span> 2 Fair V<span class=\"_ _2\"></span>alues<span class=\"_ _363\"> </span>Ty<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>e<span class=\"_ _2ac\"> </span><span class=\"ls11f ws11d\">Valuation<span class=\"_ _2\"></span> technique<span class=\"_ _2ad\"> </span><span class=\"lsf6 wsef\">Significant unobservable inputs<span class=\"_ _363\"> </span></span></span>Inter-relationship between k<span class=\"_ _2\"></span>ey un<span class=\"_ _0\"></span>ob<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d fa<span class=\"_ _0\"></span>ir va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e measurement<span class=\"_ _363\"> </span>Financial assets and l<span class=\"_ _4\"></span>iabilities measured<span class=\"_ _2\"></span> a<span class=\"_ _0\"></span>t fair<span class=\"_ _2\"></span> value Fore<span class=\"_ _0\"></span>ign cur<span class=\"_ _0\"></span>ren<span class=\"_ _0\"></span>cy for<span class=\"_ _0\"></span>ward<span class=\"_ _0\"></span>s<span class=\"_ _1b\"> </span>T<span class=\"_ _0\"></span>he fair v<span class=\"_ _0\"></span>alue of forei<span class=\"_ _0\"></span>gn cur<span class=\"_ _0\"></span>renc<span class=\"_ _0\"></span>y for<span class=\"_ _0\"></span>wards is c<span class=\"_ _0\"></span>alcul<span class=\"_ _0\"></span>ated as the<span class=\"_ _0\"></span> prese<span class=\"_ _0\"></span>nt value of t<span class=\"_ _0\"></span>he est<span class=\"_ _0\"></span>imated futu<span class=\"_ _0\"></span>re cashf<span class=\"_ _0\"></span>lows bas<span class=\"_ _0\"></span>ed on<span class=\"_ _0\"></span> obse<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>vabl<span class=\"_ _0\"></span>e yie<span class=\"_ _0\"></span>ld cur<span class=\"_ _3\"></span>ves, sp<span class=\"_ _0\"></span>ot and for<span class=\"_ _0\"></span>ward cu<span class=\"_ _0\"></span>rren<span class=\"_ _0\"></span>cy rates<span class=\"_ _363\"> </span>Not applicable<span class=\"_ _2ae\"> </span>Not applicable<span class=\"_ _363\"> </span>Financial assets and l<span class=\"_ _4\"></span>iabilities not<span class=\"_ _2\"></span> hel<span class=\"_ _0\"></span>d at<span class=\"_ _4\"></span> fair value<span class=\"_ _363\"> </span>Other financial li<span class=\"_ _4\"></span>abilitie<span class=\"_ _4\"></span>s*<span class=\"_ _d0\"> </span><span class=\"ls0 ws0\">D<span class=\"_ _0\"></span>isc<span class=\"_ _0\"></span>ounted c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>lows<span class=\"_ _8b\"> </span><span class=\"lsc ws10\">Not applicable<span class=\"_ _2ae\"> </span>Not applicable<span class=\"_ _363\"> </span></span></span>*  <span class=\"_ _32\"> </span>O<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>her f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>ial l<span class=\"_ _0\"></span>iab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>s inc<span class=\"_ _0\"></span>lud<span class=\"_ _0\"></span>e Euro b<span class=\"_ _0\"></span>ank l<span class=\"_ _0\"></span>oa<span class=\"_ _0\"></span>ns an<span class=\"_ _0\"></span>d US se<span class=\"_ _0\"></span>ni<span class=\"_ _0\"></span>or no<span class=\"_ _0\"></span>tes.<span class=\"_ _363\"> </span>Level<span class=\"_ _2\"></span> 3 Fair V<span class=\"_ _2\"></span>alues<span class=\"_ _363\"> </span>Ty<span class=\"_ _0\"></span>p<span class=\"_ _3\"></span>e<span class=\"_ _2ac\"> </span><span class=\"ls11f ws11d\">Valuation<span class=\"_ _2\"></span> technique<span class=\"_ _2ad\"> </span><span class=\"lsf6 wsef\">Significant unobservable inputs<span class=\"_ _363\"> </span></span></span>Inter-relationship between k<span class=\"_ _2\"></span>ey un<span class=\"_ _0\"></span>ob<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>va<span class=\"_ _0\"></span>bl<span class=\"_ _0\"></span>e in<span class=\"_ _0\"></span>pu<span class=\"_ _0\"></span>ts a<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>d fa<span class=\"_ _0\"></span>ir va<span class=\"_ _0\"></span>lu<span class=\"_ _0\"></span>e measurement<span class=\"_ _363\"> </span>Financial assets and l<span class=\"_ _4\"></span>iabilities measured<span class=\"_ _2\"></span> a<span class=\"_ _0\"></span>t fair<span class=\"_ _2\"></span> value Deferred<span class=\"_ _2\"></span> consideration<span class=\"_ _f5\"> </span><span class=\"ls0 ws0\">T<span class=\"_ _0\"></span>he fair v<span class=\"_ _0\"></span>alue of defe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d </span>cons<span class=\"_ _0\"></span>ider<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n is calc<span class=\"_ _0\"></span>ulated assumi<span class=\"_ _0\"></span>ng a prob<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>y of payo<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h will be bas<span class=\"_ _0\"></span>ed on a<span class=\"_ _0\"></span>chie<span class=\"_ _0\"></span>veme<span class=\"_ _0\"></span>nt of EBI<span class=\"_ _0\"></span>TDA t<span class=\"_ _0\"></span>arget<span class=\"_ _0\"></span>s, an<span class=\"_ _0\"></span>d disco<span class=\"_ _0\"></span>unted to present v<span class=\"_ _0\"></span>alue usi<span class=\"_ _0\"></span>ng mar<span class=\"_ _0\"></span>ket der<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>d disco<span class=\"_ _0\"></span>unt rates. T<span class=\"_ _0\"></span>he fa<span class=\"_ _0\"></span>ir value<span class=\"_ _0\"></span> assum<span class=\"_ _0\"></span>es achi<span class=\"_ _0\"></span>evem<span class=\"_ _0\"></span>ent of targ<span class=\"_ _0\"></span>ets but is s<span class=\"_ _0\"></span>ensit<span class=\"_ _0\"></span>ive to chan<span class=\"_ _0\"></span>ge in th<span class=\"_ _0\"></span>e assessed probability of achieving targets. Not applicable<span class=\"_ _2ae\"> </span>Not applicable<span class=\"_ _363\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-671": {
   "value": "Credit Risk Credit risk arises from credit granted to customers. Credit risk also arises on cash and cash equivalents, derivative financial instruments and cash and deposits with banks and financial institutions. Exposure to credit risk is monitored on an ongoing basis. The Group\u2019s exposure to customer credit risk is diversified over a large customer base  and the incidence of default by customers is tightly managed by Business Unit credit control teams. Credit insurance is in place, subject to annual renewal, to cover major exposures in the UK and Irish merchanting businesses. Credit evaluations are performed regularly. New customers are subject to initial credit checks that include trade and bank references and are generally subject to restricted credit limits prior to developing a  credit history. Due to the established nature of the businesses, a high proportion of customers have long-standing trading relationships with Group companies. These established customers are reviewed regularly for financial strength and the appropriateness of their credit limit. The Group establishes a provision for impairment that represents its estimate of losses in respect of trade and other receivables. The main components of this provision are a specific loss component that relate to individually significant exposures and a collective loss component established for groups of similar assets in respect of losses that have been incurred but not yet identified. Cash and short term bank deposits are invested with a range of banks, all with original maturities of less than 3 months at 31 December 2022. The maximum exposure to credit risk is represented by the carrying amount of each financial asset, including derivative financial instruments,  in the balance sheet. The maximum exposure to credit risk at 31 December 2022 and 31 December 2021 was: 2022 \u00a3\u2019000 2021 \u00a3\u2019000 Trade and other receivables 267,694 233,486 Cash and cash equivalents 711,721 844,663 979,415 1,078,149 Additional disclosures in relation to the Group\u2019s exposure to credit risk arising from trade and other receivables is set out in Note 17. The maximum exposure to credit risk for cash and cash equivalents, based on the domicile of the parent bank, at the reporting date was: Carrying Amount 2022 \u00a3\u2019000 2021 \u00a3\u2019000 United Kingdom 588,348 747,536 Republic of Ireland 94,241 55,825 Netherlands 10,065 17,949 Finland 14,017 17,5 3 8 France 5,050 5,815 711,721 844,663 The majority of the Group\u2019s cash on deposit and cash balances is held with financial institutions that have an upper investment grade credit rating. 2022 \u00a3\u2019000 2021 \u00a3\u2019000 Gross amounts of cash and cash equivalents 711,866 857,197 Amounts set off in the balance sheet* (145) (12,534) Net amounts of cash and cash equivalents in the balance sheet 711,721 844,663 *   The Group has netting arrangements in place with Bank of Ireland and HSBC Bank with cash balances and overdrawn positions being netted, as a legal right of set-off exists with each bank. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-672": {
   "value": "Foreign Currency Risk Management Transactional foreign exchange risk arises from foreign currency transactions, assets and liabilities. Group operations manage foreign exchange trading risks against their functional currencies. The majority of trade conducted by the Group\u2019s Irish, Dutch and Finnish businesses is in euro. Sterling is the principal currency for the Group\u2019s UK businesses. Currency risks are regularly monitored and managed by utilising forward foreign currency contracts as appropriate for settling liabilities arising from the purchase of goods for resale in non-functional currencies. The majority of transactions entered into by Group entities are denominated in functional currencies and no significant level of hedging is required. A proportion of the Group\u2019s net worth is denominated in euro. This is reflected in profit after tax reserves retained in euro denominated trading  and finance companies which gives rise to translation differences on conversion to sterling. Borrowings made in a non-functional currency are swapped into a functional currency. ",
   "dimensions": {
    "concept": "graftongroupplc:DisclosureOfForeignCurrencyRiskManagement",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-673": {
   "value": "Sensitivity Analysis A ten per cent strengthening of the sterling exchange rate against the euro exchange rate at the balance sheet date would have decreased  equity and profit after tax by the amount shown below. This assumes that all variables, in particular the results and financial position of each  euro functional currency entity and interest rates, remained constant. A ten per cent weakening of the sterling exchange rate against the euro exchange rate would have an equal and opposite effect on the amounts shown below on the basis that all variables remain constant. Equity \u00a3\u2019000 Profit after tax \u00a3\u2019000 31 December 2022 10% strengthening of sterling currency against the euro (66,235) (9,424) 31 December 2021 10% strengthening of sterling currency against the euro (52,944) (16,053) ",
   "dimensions": {
    "concept": "graftongroupplc:DisclosureOfSensitivityAnalysis",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-674": {
   "value": "Hedging The Group has exposure to changes in interest rates on certain debt instruments and can hedge an element of this risk by entering into interest rate swaps. There were no contracts outstanding at 31 December 2022 (2021: \u00a3Nil). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRiskManagementStrategyRelatedToHedgeAccountingExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-675": {
   "value": "Interest Rate Risk The majority of the Group\u2019s ongoing operations are financed from a mixture of cash generated from operations and borrowings. Bank borrowings are initially secured at floating interest rates and interest rate risk is monitored on an ongoing basis. Interest rate swaps are used to manage interest rate risk when considered appropriate having regard to the interest rate environment. In September 2018, the Group raised \u20ac160 million (31 December 2022: \u00a3141.9 million before costs) through an issue of unsecured senior notes in the US Private Placement market with ten and twelve year maturities at an average fixed annual coupon of 2.5 per cent and used the proceeds received to refinance existing debt. The issue of these notes diversified the Group\u2019s sources of funding by re-entering the US Private Placement market, extended the maturity profile of debt and provided greater certainty over the cost of debt for an extended period at attractive rates. The Group is also exposed to interest rate risk on its deposits. ",
   "dimensions": {
    "concept": "graftongroupplc:DisclosureOfInterestRateRisk",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-676": {
   "value": "Cash Flow Sensitivity Analysis for Variable Rate Instruments A reduction of 50 basis points in interest rates at the reporting date would have increased profit before tax and equity by \u00a30.6 million (2021: \u00a30.6 million) on the basis of the Group\u2019s gross debt of \u00a3702.8 million at 31 December 2022. \u00a3112.1 million of the gross debt is exposed to variable rates with the interest rate on the US senior notes of \u00a3141.4 million and the implicit interest rate on lease liabilities of \u00a3449.3 million is fixed. An increase of 50 basis points, on the same basis, would have an equal and opposite effect. ",
   "dimensions": {
    "concept": "graftongroupplc:DisclosureOfCashFlowSensitivityAnalysisForVariableRateInstruments",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-677": {
   "value": "Capital Management The capital structure of the Group comprises share capital, reserves and net debt. The overall approach is to optimise shareholder value by leveraging the balance sheet to an appropriate level having regard to economic and  trading conditions in the Group\u2019s markets, the level of internal cash generation, credit conditions generally and interest rates payable. The Group\u2019s capital structure is kept under ongoing review and the debt component is actively managed with a view to maintaining diversified  sources of funding, significant undrawn facilities and cash deposits. The Directors monitor the Company\u2019s share price and may from time to time exercise their powers to make market purchases of the Company\u2019s  own shares, at price levels which they consider to be in the best interests of the shareholders generally, after taking account of the Company\u2019s  overall financial position. The principal bank covenants are a net debt to equity ratio limit of 85 per cent, EBITDA interest cover of 3 times, which excludes interest on lease  liabilities, and a minimum shareholders\u2019 equity of \u00a31.0 billion at 31 December 2022. The US notes covenants, which are tested on a pre-IFRS 16 basis, are a net debt to equity ratio limit of 85 per cent, EBITDA interest cover of 4 times and a minimum shareholders\u2019 equity of \u00a31.2 billion at 31 December 2022. At 31 December 2022 the net (cash)/debt to equity ratio was negative 0.5 per cent (2021: negative 8 per cent) as the Group was in a net cash position of \u00a38.9 million (2021: \u00a3139.0 million) and shareholders\u2019 equity was \u00a31.75 billion. EBITDA, from continuing operations, for the year was \u00a3381.2 million (2021: \u00a3373.4 million) and underlying EBITDA interest cover for 2022 was 32.2 times (2021: 18.0 times). On a pre-IFRS 16 basis, the Group had net  cash of \u00a3458.2 million and EBITDA for the year was \u00a3307.8 million and underlying EBITDA interest cover for 2022 was negative 99.3 times as the Group had net interest income. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-678": {
   "value": "Funding and Liquidity The Group has cash resources at its disposal through the holding of deposits and cash balances of \u00a3711.7 million at the year end (2021: \u00a3844.7 million) which together with undrawn bank facilities of \u00a3226.9 million (2021: \u00a3394.7 million) and cash \u2013 flow from operation provides flexibility in  financing its operations. The following are the undiscounted contractual maturities of financial liabilities, including interest payments. 31 December 2022 Carrying  Amount \u00a3\u2019000 Contractual  Cash Flow* \u00a3\u2019000 Within  1 Year \u00a3\u2019000 Between  1 and 2 Years \u00a3\u2019000 Between  2 and 5 Years \u00a3\u2019000 Greater Than 5 Years \u00a3\u2019000 Non-Derivative Financial Liabilities Bank loans 112,108 129,796 3,480 3,490 122,826 \u2013 US senior notes 141,394 165,611 3,526 3,526 10,579 147,980 Lease liabilities 449,303 520,654 73,104 69,947 181,688 195,915 Trade and other payables 420,653 420,653 420,653 \u2013 \u2013 \u2013 Derivative Financial Instruments Other derivatives 29 29 29 \u2013 \u2013 \u2013 1,123,487 1,236,743 500,792 76,963 315,093 343,895 *   Includes interest based on the rates in place at 31 December 2022. 31 December 2021  Carrying  Amount \u00a3\u2019000 Contractual  Cash Flow* \u00a3\u2019000 Within  1 Year \u00a3\u2019000 Between  1 and 2 Years \u00a3\u2019000 Between  2 and 5 Years \u00a3\u2019000 Greater Than 5 Years \u00a3\u2019000 Non-Derivative Financial Liabilities Bank loans 122,729 122,676 83,642 39,034 \u2013 \u2013 US senior notes 133,902 160,250 3,341 3,341 10,023 143,545 Lease liabilities 448,994 536,325 71,388 65,256 178,034 221,647 Trade and other payables 419,111 419,111 419,111 \u2013 \u2013 \u2013 Derivative Financial Instruments Other derivatives 8 8 8 \u2013 \u2013 \u2013 1,124,74 4 1,238,370 577,490 107,631 188,057 365,192 *   Includes interest based on the rates in place at 31 December 2021. 21.  Financial Instruments and Financial Risk continued The following table indicates the periods in which cash flows associated with derivatives that are cash flow hedges are expected to occur. 31 December 2022 Carrying Amount \u00a3\u2019000 Expected Cash Flow \u00a3\u2019000 6 Months or Less \u00a3\u2019000 6 to 12 Months \u00a3\u2019000 1 to 2 Years \u00a3\u2019000 2 to 3 Years \u00a3\u2019000 3 to 4 Years \u00a3\u2019000 4 to 5 Years \u00a3\u2019000 Other derivatives (29) (29) (29) \u2013 \u2013 \u2013 \u2013 \u2013 31 December 2021 Carrying Amount \u00a3\u2019000 Expected Cash Flow \u00a3\u2019000 6 Months or Less \u00a3\u2019000 6 to 12 Months \u00a3\u2019000 1 to 2 Years \u00a3\u2019000 2 to 3 Years \u00a3\u2019000 3 to 4 Years \u00a3\u2019000 4 to 5 Years \u00a3\u2019000 Other derivatives (8) (8) (8) \u2013 \u2013 \u2013 \u2013 \u2013 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-633": {
   "value": "22. Derivatives 2022 \u00a3\u2019000 2021 \u00a3\u2019000 Included in current liabilities and current assets: Fair value of other derivatives (29) (8) The movement in derivatives at 31 December 2022 is due to the movement in their fair values. Nature of Derivative Instruments as at 31 December 2022 Hedge Period Nature of hedging instrument Notional payable amount of contracts outstanding \u00a3\u2019000 Notional receivable amount of contracts outstanding \u00a3\u2019000 Fair value asset \u00a3\u2019000 Fair value liability \u00a3\u2019000 Foreign Currency Forwards* December 2022 \u2013 January 2023 Forward purchase of foreign currency liabilities 925 925 \u2013 (29) *  The fair value of foreign currency forwards (derivative financial instruments) are shown as current liabilities of \u00a329,000 in the balance sheet. Nature of Derivative Instruments as at 31 December 2021 Hedge Period Nature of hedging instrument Notional payable amount of contracts outstanding \u00a3\u2019000 Notional receivable amount of contracts outstanding \u00a3\u2019000 Fair value asset \u00a3\u2019000 Fair value liability \u00a3\u2019000 Foreign Currency Forwards* December 2021 \u2013 January 2022 Forward purchase of foreign currency liabilities 646 646 \u2013 (8) *   The fair value of foreign currency forwards (derivative financial instruments) are shown as current liabilities of \u00a38,000 in the balance sheet. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-634": {
   "value": "23. Provisions<span class=\"_ _363\"> </span>2022 \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Non-<span class=\"_ _0\"></span>curre<span class=\"_ _0\"></span>nt liabilities<span class=\"_ _363\"> </span>Insuran<span class=\"_ _0\"></span>ce provisi<span class=\"_ _0\"></span>on<span class=\"_ _168\"> </span><span class=\"ff83 ls31 ws27\">8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>10<span class=\"_ _a3\"> </span></span><span class=\"ls144 ws152\">8<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _363\"> </span></span>Dilap<span class=\"_ _0\"></span>idatio<span class=\"_ _0\"></span>ns provisio<span class=\"_ _0\"></span>n<span class=\"_ _252\"> </span><span class=\"ff83 ls155 ws169\">4,7<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9<span class=\"_ _77\"> </span></span><span class=\"ls6e ws10\">4<span class=\"_ _0\"></span>,396<span class=\"_ _363\"> </span></span>Other provisi<span class=\"_ _4\"></span>ons<span class=\"_ _2b9\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>0<span class=\"_ _112\"> </span></span><span class=\"lsdd ws3b\">1,6<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>6<span class=\"_ _363\"> </span></span>15<span class=\"_ _0\"></span>,18<span class=\"_ _3\"></span>9<span class=\"_ _126\"> </span><span class=\"ff84 lse8 wsde\">14<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>2<span class=\"_ _363\"> </span></span>Curre<span class=\"_ _0\"></span>nt liabilities<span class=\"_ _363\"> </span>Insuran<span class=\"_ _0\"></span>ce provisi<span class=\"_ _0\"></span>on<span class=\"_ _2ba\"> </span><span class=\"ff83 lsa7 ws9c\">2,97<span class=\"_ _0\"></span>2<span class=\"_ _77\"> </span></span><span class=\"ls144 ws152\">3<span class=\"_ _3\"></span>,76<span class=\"_ _0\"></span>0<span class=\"_ _363\"> </span></span>Dilap<span class=\"_ _0\"></span>idatio<span class=\"_ _0\"></span>ns provisio<span class=\"_ _0\"></span>n<span class=\"_ _20f\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _363\"> </span></span></span>Disp<span class=\"_ _0\"></span>osal provis<span class=\"_ _0\"></span>ions<span class=\"_ _168\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _a4\"> </span></span><span class=\"lsdd ws3b\">1,<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _363\"> </span></span>Other provisi<span class=\"_ _4\"></span>ons<span class=\"_ _2b9\"> </span><span class=\"ff83 ls22 ws66\">1,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>8<span class=\"_ _a4\"> </span></span><span class=\"lsdd ws3b\">1,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>6<span class=\"_ _363\"> </span></span>5,90<span class=\"_ _0\"></span>4<span class=\"_ _77\"> </span><span class=\"ff84 lsc ws9\">6,6<span class=\"_ _0\"></span>37<span class=\"_ _363\"> </span></span>Insurance<span class=\"_ _2bb\"> </span><span class=\"lsf6 ws11a\">Dilapidations<span class=\"_ _363\"> </span></span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>At 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y<span class=\"_ _2bc\"> </span><span class=\"ls89 wsd0\">12<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>0<span class=\"_ _63\"> </span><span class=\"ff84 lse8 wsde\">14<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>61<span class=\"_ _6e\"> </span></span><span class=\"ls78 ws6b\">4,396<span class=\"_ _77\"> </span><span class=\"ff84 ls13 ws22\">9,<span class=\"_ _0\"></span>279<span class=\"_ _363\"> </span></span></span></span>Charge in year<span class=\"_ _2bd\"> </span><span class=\"ff83 lsa7 ws9c\">2,9<span class=\"_ _0\"></span>60<span class=\"_ _77\"> </span></span><span class=\"lsc0 ws9a\">4,227<span class=\"_ _c1\"> </span><span class=\"ff83 ls1a ws7d\">26<span class=\"_ _0\"></span>4<span class=\"_ _12f\"> </span></span><span class=\"ls78 ws6b\">55<span class=\"_ _0\"></span>4<span class=\"_ _363\"> </span></span></span>Utilis<span class=\"_ _0\"></span>ed<span class=\"_ _2be\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _10c\"> </span></span><span class=\"ls36 wsf\">(65)<span class=\"_ _112\"> </span></span></span><span class=\"ls19 ws13\">(<span class=\"_ _0\"></span>15<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>Released<span class=\"_ _13d\"> </span><span class=\"ff83 ls155 ws169\">(2<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _76\"> </span></span><span class=\"ls14e ws15e\">(<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>74<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>)<span class=\"_ _8a\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _123\"> </span></span><span class=\"lsef ws12e\">(6<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span>Paid du<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he year<span class=\"_ _2bf\"> </span><span class=\"ff83 lsdb wsb1\">(1,475)<span class=\"_ _5b\"> </span></span><span class=\"lsf ws9b\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>4)<span class=\"_ _22\"> </span></span><span class=\"ff83 ls2\">\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _363\"> </span></span></span>Disp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d duri<span class=\"_ _0\"></span>ng the ye<span class=\"_ _0\"></span>ar (N<span class=\"_ _0\"></span>ote 27)<span class=\"_ _2c0\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _e7\"> </span></span>\u2013<span class=\"_ _141\"> </span></span><span class=\"ls12f ws7a\">(5,0<span class=\"_ _0\"></span>75)<span class=\"_ _363\"> </span></span>Foreign exchange<span class=\"_ _2c1\"> </span><span class=\"ff83 ls12a wsab\">645<span class=\"_ _74\"> </span></span><span class=\"lse8 wsde\">(9<span class=\"_ _0\"></span>14<span class=\"_ _0\"></span>)<span class=\"_ _74\"> </span><span class=\"ff83 ls33 ws29\">11<span class=\"_ _0\"></span>4<span class=\"_ _14c\"> </span></span><span class=\"lse0 wsd7\">(<span class=\"_ _0\"></span>13<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r<span class=\"_ _1bf\"> </span><span class=\"ls33 ws29\">11,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>8<span class=\"_ _34\"></span>2<span class=\"_ _126\"> </span><span class=\"ff84 ls89 wsd0\">12<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>0<span class=\"_ _6d\"> </span></span><span class=\"ls155 ws169\">4<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>9<span class=\"_ _77\"> </span><span class=\"ff84 ls6e ws10\">4,396<span class=\"_ _363\"> </span></span></span></span>Non-current<span class=\"_ _2c2\"> </span><span class=\"ls31 ws27\">8<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>10<span class=\"_ _60\"> </span><span class=\"ff84 ls144 ws152\">8,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>0<span class=\"_ _6e\"> </span></span><span class=\"ls155 ws169\">4<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>9<span class=\"_ _6d\"> </span><span class=\"ff84 ls6e ws10\">4<span class=\"_ _0\"></span>,396<span class=\"_ _363\"> </span></span></span></span>Current<span class=\"_ _130\"> </span><span class=\"lsa7 ws9c\">2,972<span class=\"_ _a3\"> </span><span class=\"ff84 ls144 ws152\">3<span class=\"_ _0\"></span>,76<span class=\"_ _3\"></span>0<span class=\"_ _e7\"> </span></span><span class=\"ls2 ws0\">\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _363\"> </span></span></span></span>Disposal Provisions<span class=\"_ _b7\"> </span><span class=\"lse1 wsd8\">Other Provisions<span class=\"_ _ea\"> </span><span class=\"ls11f ws26\">Total<span class=\"_ _363\"> </span></span></span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>2022<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>\u00a3\u2019000<span class=\"_ _363\"> </span>At 1 Ja<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y<span class=\"_ _2c3\"> </span><span class=\"ls22 ws66\">1,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _a3\"> </span><span class=\"ff84 lsdb wsb1\">2<span class=\"_ _0\"></span>,3<span class=\"_ _0\"></span>70<span class=\"_ _181\"> </span></span><span class=\"ls47 ws3d\">3,2<span class=\"_ _0\"></span>32<span class=\"_ _a4\"> </span><span class=\"ff84 lsc0 ws9a\">4,<span class=\"_ _2\"></span>1<span class=\"_ _5\"></span>66<span class=\"_ _11a\"> </span><span class=\"ff83 ls6e ws10\">21<span class=\"_ _2\"></span>,4<span class=\"_ _4\"></span>99<span class=\"_ _c4\"> </span><span class=\"ff84 lse4 wsdc\">3<span class=\"_ _0\"></span>0,<span class=\"_ _0\"></span>076<span class=\"_ _363\"> </span></span></span></span></span></span>Charge in year<span class=\"_ _7b\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _e7\"> </span></span>\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _181\"> </span></span><span class=\"ls8b ws7c\">3,<span class=\"_ _0\"></span>224<span class=\"_ _a3\"> </span></span></span><span class=\"ls144 ws152\">4<span class=\"_ _3\"></span>,78<span class=\"_ _0\"></span>1<span class=\"_ _363\"> </span></span>Utilis<span class=\"_ _0\"></span>ed<span class=\"_ _16a\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _18\"> </span></span><span class=\"ls19 ws13\">(<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>15<span class=\"_ _3\"></span>)<span class=\"_ _ce\"> </span><span class=\"ff83 ls33 ws29\">(<span class=\"_ _3\"></span>11<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>)<span class=\"_ _112\"> </span></span><span class=\"ls35 ws2b\">(2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>0)<span class=\"_ _112\"> </span><span class=\"ff83 lse7 wsb8\">(<span class=\"_ _0\"></span>18<span class=\"_ _3\"></span>0)<span class=\"_ _76\"> </span></span><span class=\"lsdd ws3b\">(<span class=\"_ _3\"></span>1,<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span></span>Released<span class=\"_ _2c4\"> </span><span class=\"ff83 ls2 ws0\">\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _10c\"> </span></span><span class=\"ls103 wsf8\">(87<span class=\"_ _3\"></span>)<span class=\"_ _a4\"> </span></span></span><span class=\"ls34 ws2a\">(2<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>8)<span class=\"_ _e9\"> </span><span class=\"ff83 ls36 wsf\">(<span class=\"_ _2\"></span>2,885)<span class=\"_ _5b\"> </span><span class=\"ff84 ls69 ws91\">(3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>3)<span class=\"_ _363\"> </span></span></span></span>Paid du<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he year<span class=\"_ _cb\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _114\"> </span><span class=\"ff84\">\u2013<span class=\"_ _e7\"> </span></span>\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _6c\"> </span></span><span class=\"lsdb wsb1\">(1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>475<span class=\"_ _0\"></span>)<span class=\"_ _5b\"> </span><span class=\"ff84 lsf ws9b\">(2<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>28<span class=\"_ _3\"></span>4)<span class=\"_ _363\"> </span></span></span></span>Disp<span class=\"_ _0\"></span>ose<span class=\"_ _0\"></span>d duri<span class=\"_ _0\"></span>ng the ye<span class=\"_ _0\"></span>ar (N<span class=\"_ _0\"></span>ote 27)<span class=\"_ _23d\"> </span><span class=\"ff83 ls2\">\u2013<span class=\"_ _e7\"> </span><span class=\"ff84\">\u2013<span class=\"_ _e7\"> </span></span>\u2013<span class=\"_ _d0\"> </span></span><span class=\"lsf ws9b\">(2<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>4)<span class=\"_ _22\"> </span></span><span class=\"ff83 ls2\">\u2013<span class=\"_ _5f\"> </span></span><span class=\"ls105 ws162\">(<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span></span>Foreign exchange<span class=\"_ _3e\"> </span><span class=\"ff83 ls6e\">73<span class=\"_ _18\"> </span></span><span class=\"lse0 wsd7\">(13<span class=\"_ _34\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _123\"> </span><span class=\"ff83 ls8b ws7c\">78<span class=\"_ _18\"> </span></span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>10<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>)<span class=\"_ _18\"> </span><span class=\"ff83 ls31 ws27\">910<span class=\"_ _66\"> </span></span>(<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span></span>At 31 Dec<span class=\"_ _0\"></span>e<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r<span class=\"_ _101\"> </span><span class=\"ls22 ws66\">1,<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _60\"> </span><span class=\"ff84 lsdd ws3b\">1,<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _a3\"> </span></span><span class=\"ls134 ws145\">3<span class=\"_ _3\"></span>,10<span class=\"_ _3\"></span>8<span class=\"_ _a3\"> </span><span class=\"ff84 ls6e ws10\">3,232<span class=\"_ _5b\"> </span></span></span>2<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>3<span class=\"_ _63\"> </span><span class=\"ff84 lsdd ws3b\">2<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>9<span class=\"_ _363\"> </span></span></span>Non-current<span class=\"_ _26f\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _114\"> </span><span class=\"ff84\">\u2013<span class=\"_ _6e\"> </span></span><span class=\"ls22 ws66\">1,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>0<span class=\"_ _112\"> </span><span class=\"ff84 lsdd ws3b\">1,6<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>6<span class=\"_ _126\"> </span></span><span class=\"ls89 wsd0\">15<span class=\"_ _0\"></span>,1<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>9<span class=\"_ _126\"> </span><span class=\"ff84 lse8 wsde\">14<span class=\"_ _3\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>2<span class=\"_ _363\"> </span></span></span></span></span>Current<span class=\"_ _1a2\"> </span><span class=\"ls22 ws66\">1,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>4<span class=\"_ _a4\"> </span><span class=\"ff84 lsdd ws3b\">1,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1<span class=\"_ _6d\"> </span></span>1,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>8<span class=\"_ _a4\"> </span><span class=\"ff84 lsdd ws3b\">1,<span class=\"_ _0\"></span>5<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>6<span class=\"_ _6e\"> </span></span><span class=\"lsa7 ws9c\">5,90<span class=\"_ _0\"></span>4<span class=\"_ _77\"> </span><span class=\"ff84 lsc ws9\">6,6<span class=\"_ _0\"></span>37<span class=\"_ _363\"> </span></span></span></span>Insurance Pro<span class=\"_ _2\"></span>vision<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e insuran<span class=\"_ _0\"></span>ce pr<span class=\"_ _0\"></span>ovisio<span class=\"_ _0\"></span>n relates to actu<span class=\"_ _0\"></span>al oblig<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns unde<span class=\"_ _0\"></span>r the s<span class=\"_ _0\"></span>elf-<span class=\"_ _0\"></span>insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e ele<span class=\"_ _0\"></span>ments of t<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p\u2019s overall insu<span class=\"_ _0\"></span>ranc<span class=\"_ _0\"></span>e arr<span class=\"_ _0\"></span>ang<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nts whic<span class=\"_ _0\"></span>h are subje<span class=\"_ _0\"></span>ct to limi<span class=\"_ _0\"></span>ts in resp<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>t of both indi<span class=\"_ _0\"></span>vidu<span class=\"_ _0\"></span>al and ag<span class=\"_ _0\"></span>greg<span class=\"_ _0\"></span>ate claims<span class=\"_ _0\"></span>. This p<span class=\"_ _0\"></span>rovisio<span class=\"_ _0\"></span>n was base<span class=\"_ _0\"></span>d on an in<span class=\"_ _0\"></span>dep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ent act<span class=\"_ _0\"></span>uari<span class=\"_ _0\"></span>al valuati<span class=\"_ _0\"></span>on. T<span class=\"_ _0\"></span>he p<span class=\"_ _0\"></span>rovisio<span class=\"_ _0\"></span>n prin<span class=\"_ _0\"></span>cipall<span class=\"_ _0\"></span>y cove<span class=\"_ _0\"></span>rs the c<span class=\"_ _0\"></span>om<span class=\"_ _0\"></span>bine<span class=\"_ _0\"></span>d publi<span class=\"_ _0\"></span>c and em<span class=\"_ _0\"></span>ploye<span class=\"_ _0\"></span>r liabili<span class=\"_ _0\"></span>ty c<span class=\"_ _0\"></span>laims for t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up\u2019s busin<span class=\"_ _0\"></span>esses<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p has third p<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y insur<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>e cover a<span class=\"_ _0\"></span>bove spe<span class=\"_ _0\"></span>cif<span class=\"_ _0\"></span>ic lim<span class=\"_ _0\"></span>its for in<span class=\"_ _0\"></span>divi<span class=\"_ _0\"></span>dual cla<span class=\"_ _0\"></span>ims and has a<span class=\"_ _0\"></span>n overall m<span class=\"_ _0\"></span>axim<span class=\"_ _0\"></span>um agg<span class=\"_ _0\"></span>regate payab<span class=\"_ _0\"></span>le for all c<span class=\"_ _0\"></span>laims for any o<span class=\"_ _0\"></span>ne year. Given th<span class=\"_ _0\"></span>e nature of emp<span class=\"_ _0\"></span>loyer<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>and pub<span class=\"_ _0\"></span>lic liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y clai<span class=\"_ _0\"></span>ms, t<span class=\"_ _0\"></span>he timi<span class=\"_ _0\"></span>ng of cash ou<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ows can var<span class=\"_ _3\"></span>y signif<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>antly. The o<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ow arisin<span class=\"_ _0\"></span>g from t<span class=\"_ _0\"></span>he pay<span class=\"_ _0\"></span>ment of cl<span class=\"_ _0\"></span>aims in 20<span class=\"_ _0\"></span>23 is ex<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>cted<span class=\"_ _0\"></span> <span class=\"ls2\"> </span>to be at a simila<span class=\"_ _0\"></span>r level to 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2. B<span class=\"_ _0\"></span>ased o<span class=\"_ _0\"></span>n histor<span class=\"_ _0\"></span>ical e<span class=\"_ _0\"></span>xpe<span class=\"_ _0\"></span>rie<span class=\"_ _0\"></span>nc<span class=\"_ _0\"></span>e, it is th<span class=\"_ _0\"></span>e Dire<span class=\"_ _0\"></span>ctor<span class=\"_ _0\"></span>s best e<span class=\"_ _0\"></span>stim<span class=\"_ _0\"></span>ate that the b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e of claims w<span class=\"_ _0\"></span>hich a<span class=\"_ _0\"></span>re provid<span class=\"_ _0\"></span>ed for<span class=\"_ _363\"> </span>at 31 De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 will be p<span class=\"_ _0\"></span>aid over a t<span class=\"_ _0\"></span>wo to six year p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e incur<span class=\"_ _0\"></span>red b<span class=\"_ _0\"></span>ut not re<span class=\"_ _0\"></span>por<span class=\"_ _3\"></span>ted (<span class=\"_ _0\"></span>\u201cIBN<span class=\"_ _0\"></span>R\u201d<span class=\"_ _0\"></span>) e<span class=\"_ _0\"></span>lem<span class=\"_ _0\"></span>ent of the i<span class=\"_ _0\"></span>nsuran<span class=\"_ _0\"></span>ce prov<span class=\"_ _0\"></span>ision i<span class=\"_ _0\"></span>s classif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent as t<span class=\"_ _0\"></span>he no<span class=\"_ _0\"></span>rmal c<span class=\"_ _0\"></span>ycle for s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>ment of su<span class=\"_ _0\"></span>ch claims is li<span class=\"_ _0\"></span>kely to be mo<span class=\"_ _0\"></span>re than 12 months fro<span class=\"_ _0\"></span>m the ye<span class=\"_ _0\"></span>ar en<span class=\"_ _0\"></span>d.<span class=\"_ _363\"> </span>Claims n<span class=\"_ _0\"></span>o lon<span class=\"_ _0\"></span>ger b<span class=\"_ _0\"></span>eing c<span class=\"_ _0\"></span>halle<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>d by the Gr<span class=\"_ _0\"></span>oup are c<span class=\"_ _0\"></span>lassif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as cur<span class=\"_ _0\"></span>rent liab<span class=\"_ _0\"></span>iliti<span class=\"_ _0\"></span>es at year e<span class=\"_ _0\"></span>nd. T<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up no l<span class=\"_ _0\"></span>ong<span class=\"_ _0\"></span>er has an u<span class=\"_ _0\"></span>nco<span class=\"_ _0\"></span>nditi<span class=\"_ _0\"></span>onal r<span class=\"_ _0\"></span>ight to defer pay<span class=\"_ _0\"></span>me<span class=\"_ _0\"></span>nt and it is o<span class=\"_ _0\"></span>nly th<span class=\"_ _0\"></span>e timin<span class=\"_ _0\"></span>g of the pay<span class=\"_ _0\"></span>ment t<span class=\"_ _0\"></span>hat is unc<span class=\"_ _0\"></span>er<span class=\"_ _3\"></span>tain.<span class=\"_ _363\"> </span>Claims in l<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>al proc<span class=\"_ _0\"></span>ess are c<span class=\"_ _0\"></span>lassif<span class=\"_ _0\"></span>ie<span class=\"_ _0\"></span>d as no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent lia<span class=\"_ _0\"></span>biliti<span class=\"_ _0\"></span>es at year e<span class=\"_ _0\"></span>nd as th<span class=\"_ _0\"></span>e Group d<span class=\"_ _0\"></span>oes n<span class=\"_ _0\"></span>ot co<span class=\"_ _0\"></span>ntrol th<span class=\"_ _0\"></span>e ex<span class=\"_ _0\"></span>tent an<span class=\"_ _0\"></span>d durati<span class=\"_ _0\"></span>on of th<span class=\"_ _0\"></span>e leg<span class=\"_ _0\"></span>al proc<span class=\"_ _0\"></span>ess<span class=\"_ _0\"></span>, and h<span class=\"_ _0\"></span>enc<span class=\"_ _0\"></span>e, it d<span class=\"_ _0\"></span>oes n<span class=\"_ _0\"></span>ot appe<span class=\"_ _0\"></span>ar that i<span class=\"_ _0\"></span>t has an un<span class=\"_ _0\"></span>con<span class=\"_ _0\"></span>diti<span class=\"_ _0\"></span>onal r<span class=\"_ _0\"></span>ight to defer s<span class=\"_ _0\"></span>et<span class=\"_ _0\"></span>tle<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>.<span class=\"_ _363\"> </span>23. Provisions<span class=\"ff85 ls9d ws54\"> co<span class=\"_ _0\"></span>ntinu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Dilapidations Pro<span class=\"_ _2\"></span>vision<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e dilapid<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns provisi<span class=\"_ _0\"></span>on cove<span class=\"_ _0\"></span>rs th<span class=\"_ _0\"></span>e cos<span class=\"_ _0\"></span>t of reinstat<span class=\"_ _0\"></span>ing ce<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tai<span class=\"_ _0\"></span>n Group p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es at the e<span class=\"_ _0\"></span>nd of th<span class=\"_ _0\"></span>e lease ter<span class=\"_ _0\"></span>m. T<span class=\"_ _0\"></span>his is bas<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n the ter<span class=\"_ _0\"></span>ms of indiv<span class=\"_ _0\"></span>idual l<span class=\"_ _0\"></span>eases w<span class=\"_ _0\"></span>hich s<span class=\"_ _0\"></span>et ou<span class=\"_ _0\"></span>t the c<span class=\"_ _0\"></span>ondi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns relati<span class=\"_ _0\"></span>ng to the ret<span class=\"_ _0\"></span>urn of pro<span class=\"_ _0\"></span>per<span class=\"_ _3\"></span>ty. The t<span class=\"_ _0\"></span>iming of th<span class=\"_ _0\"></span>e out<span class=\"_ _0\"></span>f<span class=\"_ _0\"></span>lows will match t<span class=\"_ _0\"></span>he en<span class=\"_ _0\"></span>ding of th<span class=\"_ _0\"></span>e releva<span class=\"_ _0\"></span>nt lease<span class=\"_ _0\"></span>s whic<span class=\"_ _0\"></span>h rang<span class=\"_ _0\"></span>es fro<span class=\"_ _0\"></span>m two to 20 yea<span class=\"_ _0\"></span>rs.<span class=\"_ _363\"> </span>Disposals Provision<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e dispos<span class=\"_ _0\"></span>al provis<span class=\"_ _0\"></span>ion c<span class=\"_ _0\"></span>overs t<span class=\"_ _0\"></span>he fu<span class=\"_ _0\"></span>ture le<span class=\"_ _0\"></span>gal co<span class=\"_ _0\"></span>sts in re<span class=\"_ _0\"></span>latio<span class=\"_ _0\"></span>n to the disp<span class=\"_ _0\"></span>osal of th<span class=\"_ _0\"></span>e Be<span class=\"_ _0\"></span>lgium b<span class=\"_ _0\"></span>usines<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>Othe<span class=\"_ _0\"></span>r Provisions<span class=\"_ _363\"> </span>Ot<span class=\"_ _0\"></span>her p<span class=\"_ _0\"></span>rovisio<span class=\"_ _0\"></span>ns relate to rest<span class=\"_ _0\"></span>ru<span class=\"_ _0\"></span>ctur<span class=\"_ _0\"></span>ing, p<span class=\"_ _0\"></span>ensi<span class=\"_ _0\"></span>on co<span class=\"_ _0\"></span>ntr<span class=\"_ _0\"></span>ibut<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>, leg<span class=\"_ _0\"></span>al provis<span class=\"_ _0\"></span>ions<span class=\"_ _0\"></span>, defer<span class=\"_ _0\"></span>red c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion an<span class=\"_ _0\"></span>d Waste Ele<span class=\"_ _0\"></span>ctr<span class=\"_ _0\"></span>ica<span class=\"_ _0\"></span>l &amp; Ele<span class=\"_ _0\"></span>ctro<span class=\"_ _0\"></span>nic Equ<span class=\"_ _0\"></span>ipme<span class=\"_ _0\"></span>nt (\u201c<span class=\"_ _3\"></span>WEE<span class=\"_ _0\"></span>E<span class=\"_ _0\"></span>\u201d<span class=\"_ _0\"></span>) prov<span class=\"_ _0\"></span>ision<span class=\"_ _0\"></span>s. No<span class=\"_ _0\"></span>ne of the<span class=\"_ _0\"></span>se are ind<span class=\"_ _0\"></span>ivid<span class=\"_ _0\"></span>ually mate<span class=\"_ _0\"></span>rial to req<span class=\"_ _0\"></span>uire se<span class=\"_ _0\"></span>parate disc<span class=\"_ _0\"></span>losure i<span class=\"_ _0\"></span>n the f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial st<span class=\"_ _0\"></span>ateme<span class=\"_ _0\"></span>nts.<span class=\"_ _363\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-635": {
   "value": "24.  Trade and Other Payables 2022 \u00a3\u2019000 2021 \u00a3\u2019000 Trade payables 266,204 270,862 Accruals 110,412 114,146 Social welfare 2,226 1,218 Employee income tax 6,319 4,550 Value added tax 35,492 28,335 420,653 419,111 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-636": {
   "value": "25.  Deferred Taxation Recognised Deferred Tax Assets and Liabilities Assets 2022 \u00a3\u2019000 Liabilities 2022 \u00a3\u2019000 Net (assets)/ liabilities 2022 \u00a3\u2019000 Assets 2021 \u00a3\u2019000 Liabilities 2021 \u00a3\u2019000 Net (assets)/ liabilities 2021 \u00a3\u2019000 Property, plant and equipment (413) 27,281 26,868 (119) 23,362 23,243 Employee share schemes (909) \u2013 (909) (2,309) \u2013 (2,309) Other items (3,540) 1,147 (2,393) (4,729) 1,106 (3,623) Intangibles \u2013 32,583 32,583 \u2013 31,934 31,934 Pension (3,201) \u2013 (3,201) (1,636) \u2013 (1,636) (Assets)/Liabilities (8,063) 61,011 52,948 (8,793) 56,402 47,6 09 The movement in the deferred tax asset reflects an increase in the deferred tax asset on the pension scheme deficit and an increase in the deferred tax asset in respect of property, plant and equipment offset by a decrease in the deferred tax asset on employee share schemes and other items. At 31 December 2022, there were unrecognised deferred tax assets in relation to capital losses of \u00a30.7 million (31 December 2021: \u00a33.1 million), trading losses of \u00a31.1 million (31 December 2021: \u00a31.1 million) and deductible temporary differences of \u00a36.9 million (31 December 2021: \u00a38.5 million). Deferred tax assets were not recognised in respect of certain capital losses as they can only be recovered against certain classes of taxable profits. The Directors believe that it is not probable that such profits will arise in the foreseeable future. The trading losses arose in entities that have incurred losses in recent years and the Directors believe that it is not probable there will be sufficient taxable profits in the relevant entities against which they can be utilised. Separately, the Directors believe that it is not probable the deductible temporary differences will be utilised. Analysis of Net Deferred Tax (Asset)/Liability \u2013 2022 Balance 1 Jan 22 \u00a3\u2019000 Recognised  in profit or loss \u00a3\u2019000 Recognised in equity/other comprehensive income \u00a3\u2019000 Foreign exchange retranslation \u00a3\u2019000 Arising on acquisitions \u00a3\u2019000 Balance 31 Dec 22 \u00a3\u2019000 Property, plant and equipment 23,243 2,783 \u2013 852 (10) 26,868 Employee share schemes (2,309) 88 1,312 \u2013 \u2013 (909) Other items (3,623) 1,235 \u2013 (5) \u2013 (2,393) Intangibles 31,934 (4,329) \u2013 1,376 3,602 32,583 Pension (1,636) 969 (2,558) 24 \u2013 (3,201) 47,609 746 (1,246) 2,247 3,592 52,948 25.  Deferred Taxation continued Analysis of Net Deferred Tax (Asset)/Liability \u2013 2021 Balance 1 Jan 21 \u00a3\u2019000 Recognised  in profit or loss \u00a3\u2019000 Recognised  in profit or loss (discontinued) \u00a3\u2019000 Recognised in equity/other comprehensive income \u00a3\u2019000 Foreign exchange retranslation \u00a3\u2019000 Arising on disposal \u00a3\u2019000 Arising on acquisitions \u00a3\u2019000 Balance 31 Dec 21 \u00a3\u2019000 Property, plant and equipment 28,716 4,827 3,146 \u2013 (966) (12,503) 23 23,243 Employee share schemes (943) (274) \u2013 (1,092) \u2013 \u2013 \u2013 (2,309) Other items 346 (3,298) \u2013 \u2013 (62) \u2013 (609) (3,623) Intangibles 21,554 (535) 1,000 \u2013 (1,011) (4,459) 15,385 31,934 Pension (8,660) 3,718 \u2013 3,212 94 \u2013 \u2013 (1,636) 41,013 4,438 4,146 2,120 (1,945) (16,962) 14,799 47,60 9 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-637": {
   "value": "26.  Movement in Working Capital Inventory \u00a3\u2019000 Trade and other receivables \u00a3\u2019000 Trade and other payables \u00a3\u2019000 Total \u00a3\u2019000 At 1 January 2021 321,558 336,944 (545,949) 112,553 Translation adjustment (10,864) (8,546) 15,501 (3,909) Acquisitions (Note 27) 51,717 22,640 (14,777) 59,580 Disposal of Group businesses (Note 27) (99,253) (216,013) 242,467 (72,799) Deferred acquisition consideration (Note 27) \u2013 \u2013 (1,007) (1,007) Movement in 2021 81,014 98,461 (115,346) 6 4,129 At 1 January 2022 344,172 233,486 (419,111) 158,547 Translation adjustment 13,168 8,709 (14,548) 7,329 Acquisitions (Note 27) 7,561 8,788 (5,695) 10,654 Deferred acquisition consideration (Note 27) \u2013 \u2013 (5,197) (5,197) Deferred acquisition consideration paid \u2013 \u2013 4,000 4,000 Movement in 2022 34,664 16,711 19,898 71,273 At 31 December 2022 399,565 267,694 (420,653) 246,606 Working Capital Movement in 2021 Discontinued operations 6,158 63,763 (62,427) 7,49 4 Continuing operations 74,856 34,698 (52,919) 56,635 At 31 December 2021 81,014 98,461 (115,346) 64,129 ",
   "dimensions": {
    "concept": "graftongroupplc:DisclosureOfMovementInWorkingCapital",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-665": {
   "value": "27<span class=\"_ _2\"></span>. <span class=\"_ _38\"> </span>Acquisition &amp; Disposal<span class=\"_ _4\"></span>s of Subsidiary Undertakings and Businesses<span class=\"_ _2\"></span> Acquisition<span class=\"_ _2\"></span> of Subsidiary Undertakings and Businesses<span class=\"_ _363\"> </span>On 1<span class=\"_ _2\"></span>1 Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2, t<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p acqui<span class=\"_ _0\"></span>red th<span class=\"_ _0\"></span>e entire s<span class=\"_ _0\"></span>hare ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al of Regt<span class=\"_ _0\"></span>s B.<span class=\"_ _2\"></span>V<span class=\"_ _2\"></span>. (<span class=\"_ _0\"></span>\u201c<span class=\"_ _0\"></span>Reg<span class=\"_ _0\"></span>ts\u201d<span class=\"_ _3\"></span>). Regts is a d<span class=\"_ _0\"></span>istr<span class=\"_ _0\"></span>ibutor of to<span class=\"_ _0\"></span>ols, ir<span class=\"_ _0\"></span>onmo<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y and f<span class=\"_ _0\"></span>ix<span class=\"_ _0\"></span>ings <span class=\"ls2\"> </span>in the N<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>ands wi<span class=\"_ _0\"></span>th a stro<span class=\"_ _0\"></span>ng mar<span class=\"_ _0\"></span>ket po<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on in th<span class=\"_ _0\"></span>e provin<span class=\"_ _0\"></span>ce of Frie<span class=\"_ _0\"></span>sland w<span class=\"_ _0\"></span>here i<span class=\"_ _0\"></span>t trad<span class=\"_ _0\"></span>es fro<span class=\"_ _0\"></span>m fi<span class=\"_ _0\"></span>ve bran<span class=\"_ _0\"></span>ches<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e acqu<span class=\"_ _0\"></span>isiti<span class=\"_ _0\"></span>on is inc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ated in the Netherlands<span class=\"_ _4\"></span> Distribution segment.<span class=\"_ _363\"> </span>On 14 Febru<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>22 t<span class=\"_ _0\"></span>he ent<span class=\"_ _0\"></span>ire share c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>tal of Woodf<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>or Ware<span class=\"_ _0\"></span>hous<span class=\"_ _0\"></span>e Limi<span class=\"_ _0\"></span>ted (<span class=\"_ _0\"></span>Wood<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>r) was acquire<span class=\"_ _0\"></span>d. Woo<span class=\"_ _0\"></span>df<span class=\"_ _0\"></span>loo<span class=\"_ _0\"></span>r is a leadi<span class=\"_ _0\"></span>ng in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>store an<span class=\"_ _0\"></span>d online<span class=\"_ _0\"></span> timb<span class=\"_ _0\"></span>er f<span class=\"_ _0\"></span>loo<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g distr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tor tradi<span class=\"_ _0\"></span>ng fro<span class=\"_ _0\"></span>m two br<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>hes in N<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n Irelan<span class=\"_ _0\"></span>d and fro<span class=\"_ _0\"></span>m one b<span class=\"_ _0\"></span>ranc<span class=\"_ _0\"></span>h in th<span class=\"_ _0\"></span>e UK<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is inc<span class=\"_ _0\"></span>orp<span class=\"_ _0\"></span>orate<span class=\"_ _0\"></span>d in the U<span class=\"_ _0\"></span>K Distribution segme<span class=\"_ _0\"></span>nt.<span class=\"_ _363\"> </span>On 28 F<span class=\"_ _0\"></span>ebr<span class=\"_ _0\"></span>uar<span class=\"_ _3\"></span>y 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>eted th<span class=\"_ _0\"></span>e acquis<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n of the e<span class=\"_ _0\"></span>ntire share c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>tal of Si<span class=\"_ _0\"></span>tetech Bu<span class=\"_ _0\"></span>ilding P<span class=\"_ _0\"></span>rodu<span class=\"_ _0\"></span>cts L<span class=\"_ _0\"></span>imited (<span class=\"_ _0\"></span>\u201c<span class=\"_ _0\"></span>Si<span class=\"_ _0\"></span>tetech\u201d<span class=\"_ _3\"></span>), a distr<span class=\"_ _0\"></span>ibuto<span class=\"_ _0\"></span>r of spe<span class=\"_ _0\"></span>cialist c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on ac<span class=\"_ _0\"></span>cess<span class=\"_ _0\"></span>ori<span class=\"_ _0\"></span>es in Irel<span class=\"_ _0\"></span>and wh<span class=\"_ _0\"></span>ere th<span class=\"_ _0\"></span>e busine<span class=\"_ _0\"></span>ss tra<span class=\"_ _0\"></span>des fr<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>wo loc<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns in Dub<span class=\"_ _0\"></span>lin and C<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>k. T<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>cquisi<span class=\"_ _0\"></span>tion i<span class=\"_ _0\"></span>s inco<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>orated<span class=\"_ _0\"></span> in the Ir<span class=\"_ _0\"></span>ish Di<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>ibut<span class=\"_ _0\"></span>ion se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt.<span class=\"_ _363\"> </span>Non<span class=\"_ _0\"></span>e of thes<span class=\"_ _0\"></span>e acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns were indi<span class=\"_ _0\"></span>vidu<span class=\"_ _0\"></span>ally mater<span class=\"_ _0\"></span>ial for s<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>ate disclo<span class=\"_ _0\"></span>sure und<span class=\"_ _0\"></span>er IF<span class=\"_ _0\"></span>RS<span class=\"_ _0\"></span>3.<span class=\"_ _363\"> </span>Goo<span class=\"_ _0\"></span>dwill o<span class=\"_ _0\"></span>n thes<span class=\"_ _0\"></span>e acquis<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>ns ref<span class=\"_ _0\"></span>lec<span class=\"_ _0\"></span>ts th<span class=\"_ _0\"></span>e antic<span class=\"_ _0\"></span>ipated pu<span class=\"_ _0\"></span>rchasin<span class=\"_ _0\"></span>g and op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ional s<span class=\"_ _0\"></span>yne<span class=\"_ _0\"></span>rgies t<span class=\"_ _0\"></span>hat sho<span class=\"_ _0\"></span>uld be re<span class=\"_ _0\"></span>alise<span class=\"_ _0\"></span>d as par<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e enla<span class=\"_ _0\"></span>rged G<span class=\"_ _0\"></span>roup.<span class=\"_ _363\"> </span>27<span class=\"_ _2\"></span>. <span class=\"_ _38\"> </span>Acquisition &amp; Disposal<span class=\"_ _4\"></span>s of Subsidiary Undertakings and Businesses<span class=\"_ _2\"></span><span class=\"ff85 ls9d ws54\"> c<span class=\"_ _0\"></span>ontinu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Acquisition<span class=\"_ _2\"></span> of Subsidiary Undertakings and Businesses<span class=\"_ _2\"></span><span class=\"ff85 ls36 wsf\"> c<span class=\"_ _0\"></span>ontinue<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e fair value<span class=\"_ _0\"></span>s of assets a<span class=\"_ _0\"></span>nd liabi<span class=\"_ _0\"></span>litie<span class=\"_ _0\"></span>s acqui<span class=\"_ _0\"></span>red in 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 are set o<span class=\"_ _0\"></span>ut be<span class=\"_ _0\"></span>low:<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>ent (N<span class=\"_ _0\"></span>ote 1<span class=\"_ _2\"></span>3a)<span class=\"_ _221\"> </span><span class=\"ff83 lsa7 ws9c\">4,659<span class=\"_ _363\"> </span></span>Right-of-use asset (Not<span class=\"_ _4\"></span>e 1<span class=\"_ _2\"></span>3b<span class=\"_ _4\"></span>)<span class=\"_ _2cf\"> </span><span class=\"ff83 ls12a wsab\">2,<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>45<span class=\"_ _363\"> </span></span>Intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>ets \u2013 cu<span class=\"_ _0\"></span>stome<span class=\"_ _0\"></span>r relati<span class=\"_ _0\"></span>onship<span class=\"_ _0\"></span>s (Note 1<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _17f\"> </span><span class=\"ff83 ls146 ws155\">17,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _363\"> </span></span>Intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>ets \u2013 tr<span class=\"_ _0\"></span>ade na<span class=\"_ _0\"></span>mes (N<span class=\"_ _0\"></span>ote 1<span class=\"_ _2\"></span>5)<span class=\"_ _2d0\"> </span><span class=\"ff83 ls20 ws19\">2,889<span class=\"_ _363\"> </span></span>Inventori<span class=\"_ _0\"></span>es (Note 26)<span class=\"_ _2d1\"> </span><span class=\"ff83 ls146 ws155\">7,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>1<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r rec<span class=\"_ _0\"></span>eivab<span class=\"_ _0\"></span>les (N<span class=\"_ _0\"></span>ote 26)<span class=\"_ _281\"> </span><span class=\"ff83 ls155 ws169\">8<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r payable<span class=\"_ _0\"></span>s (Note 26)<span class=\"_ _168\"> </span><span class=\"ff83 lsa7 ws9c\">(5,695)<span class=\"_ _363\"> </span></span>Lease liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y<span class=\"_ _257\"> </span><span class=\"ff83 ls12a wsab\">(<span class=\"_ _2\"></span>2,7<span class=\"_ _5\"></span>45)<span class=\"_ _363\"> </span></span>Co<span class=\"_ _0\"></span>rpo<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on ta<span class=\"_ _0\"></span>x liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _251\"> </span><span class=\"ff83 ls31 ws27\">(<span class=\"_ _0\"></span>10<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>Defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>y (N<span class=\"_ _0\"></span>ote 25)<span class=\"_ _2c5\"> </span><span class=\"ff83 lse4 wsdc\">(3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>59<span class=\"_ _0\"></span>2)<span class=\"_ _363\"> </span></span>Cash ac<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d<span class=\"_ _2d2\"> </span><span class=\"ff83 ls8b ws7c\">5,879<span class=\"_ _363\"> </span></span>Net as<span class=\"_ _0\"></span>sets ac<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d<span class=\"_ _1d2\"> </span><span class=\"ff83 ls60 ws5c\">38<span class=\"_ _4\"></span>,089<span class=\"_ _363\"> </span></span>Goo<span class=\"_ _0\"></span>dwill (N<span class=\"_ _0\"></span>ote 1<span class=\"_ _2\"></span>2)<span class=\"_ _26c\"> </span><span class=\"ff83 ls36 wsf\">1<span class=\"_ _2\"></span>8,965<span class=\"_ _363\"> </span></span>Consideration<span class=\"_ _2d3\"> </span><span class=\"ls146 ws155\">5<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span></span>Sat<span class=\"_ _0\"></span>isfi<span class=\"_ _0\"></span>ed by<span class=\"_ _0\"></span>: Cash paid<span class=\"_ _2d4\"> </span><span class=\"ff83 ls22 ws66\">5<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>7<span class=\"_ _363\"> </span></span>Defer<span class=\"_ _0\"></span>red c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ation (<span class=\"_ _0\"></span>Note 26)<span class=\"_ _1db\"> </span><span class=\"ff83 ls134 ws145\">5<span class=\"_ _3\"></span>,19<span class=\"_ _0\"></span>7<span class=\"_ _363\"> </span></span>5<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span>Ne<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>sh o<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ow \u2013 ar<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g on ac<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>uis<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>Cash con<span class=\"_ _2\"></span>sideration<span class=\"_ _2d5\"> </span><span class=\"ff83 ls22 ws66\">5<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>7<span class=\"_ _363\"> </span></span>Less: c<span class=\"_ _0\"></span>ash and c<span class=\"_ _0\"></span>ash eq<span class=\"_ _0\"></span>uival<span class=\"_ _0\"></span>ents ac<span class=\"_ _0\"></span>quired<span class=\"_ _194\"> </span><span class=\"ff83 ls35 ws2b\">(<span class=\"_ _0\"></span>5,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span></span>45,978<span class=\"_ _363\"> </span>Acqui<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>ns would h<span class=\"_ _0\"></span>ave cont<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>ted reven<span class=\"_ _0\"></span>ue of \u00a359.4 m<span class=\"_ _0\"></span>illion (unaudi<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>) and op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ing prof<span class=\"_ _0\"></span>it of \u00a39<span class=\"_ _0\"></span>.5 million (unaudi<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>) in the y<span class=\"_ _0\"></span>ear en<span class=\"_ _0\"></span>ded<span class=\"_ _0\"></span> 31 De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 on th<span class=\"_ _0\"></span>e assum<span class=\"_ _0\"></span>ption t<span class=\"_ _0\"></span>hat th<span class=\"_ _0\"></span>ey had be<span class=\"_ _0\"></span>en a<span class=\"_ _0\"></span>cquire<span class=\"_ _0\"></span>d on 1 Ja<span class=\"_ _0\"></span>nuar<span class=\"_ _0\"></span>y. Acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns com<span class=\"_ _0\"></span>plete<span class=\"_ _0\"></span>d in 20<span class=\"_ _0\"></span>22 c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ted revenu<span class=\"_ _0\"></span>es <span class=\"ls2\"> </span>of \u00a353<span class=\"_ _0\"></span>.6 million an<span class=\"_ _0\"></span>d ope<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g profi<span class=\"_ _0\"></span>t of \u00a38.<span class=\"_ _0\"></span>4 millio<span class=\"_ _0\"></span>n for the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od fr<span class=\"_ _0\"></span>om th<span class=\"_ _0\"></span>e date of acquisi<span class=\"_ _0\"></span>tion u<span class=\"_ _0\"></span>ntil the y<span class=\"_ _0\"></span>ear en<span class=\"_ _0\"></span>d.<span class=\"_ _363\"> </span>In 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>roup in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>red ac<span class=\"_ _0\"></span>quisit<span class=\"_ _0\"></span>ion re<span class=\"_ _0\"></span>lated co<span class=\"_ _0\"></span>sts of \u00a32<span class=\"_ _0\"></span>.3 m<span class=\"_ _0\"></span>illion (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a34.<span class=\"_ _2\"></span>1 millio<span class=\"_ _0\"></span>n)<span class=\"_ _4\"></span>. Th<span class=\"_ _0\"></span>ese have be<span class=\"_ _0\"></span>en in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed in o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ating c<span class=\"_ _0\"></span>osts i<span class=\"_ _0\"></span>n the Gro<span class=\"_ _0\"></span>up Inco<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>tate<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e of ident<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>able n<span class=\"_ _0\"></span>et asse<span class=\"_ _0\"></span>ts acqu<span class=\"_ _0\"></span>ired in 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 was \u00a33<span class=\"_ _0\"></span>8.<span class=\"_ _2\"></span>1 milli<span class=\"_ _0\"></span>on.<span class=\"_ _363\"> </span>Fair<span class=\"_ _4\"></span> Value<span class=\"_ _2\"></span> \u00a3\u2019000<span class=\"_ _363\"> </span>Consideration \u00a3\u2019000<span class=\"_ _363\"> </span>Goodwill \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>ota<span class=\"_ _2\"></span>l acquisitions<span class=\"_ _22a\"> </span><span class=\"ff83 ls60 ws5c\">38,089<span class=\"_ _5b\"> </span><span class=\"ls146 ws155\">5<span class=\"_ _3\"></span>7,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _34\"></span>4<span class=\"_ _c4\"> </span><span class=\"ls36 wsf\">1<span class=\"_ _2\"></span>8,965<span class=\"_ _363\"> </span></span></span></span>Th<span class=\"_ _0\"></span>ere were n<span class=\"_ _0\"></span>o adjust<span class=\"_ _0\"></span>ments p<span class=\"_ _0\"></span>roc<span class=\"_ _0\"></span>esse<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year to th<span class=\"_ _0\"></span>e fair value of b<span class=\"_ _0\"></span>usines<span class=\"_ _0\"></span>s com<span class=\"_ _0\"></span>binati<span class=\"_ _0\"></span>ons c<span class=\"_ _0\"></span>ompl<span class=\"_ _0\"></span>eted du<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he year e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 2021.<span class=\"_ _363\"> </span>Defer<span class=\"_ _0\"></span>red c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ation is p<span class=\"_ _0\"></span>ayable w<span class=\"_ _0\"></span>ithin 3 ye<span class=\"_ _0\"></span>ars f<span class=\"_ _0\"></span>rom th<span class=\"_ _0\"></span>e date of acquisi<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>nd is not c<span class=\"_ _0\"></span>ontin<span class=\"_ _0\"></span>gent<span class=\"_ _0\"></span>. In addi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to this defer<span class=\"_ _0\"></span>red c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>derat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, the<span class=\"_ _0\"></span> Group h<span class=\"_ _0\"></span>as an agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent for t<span class=\"_ _0\"></span>wo of the ac<span class=\"_ _0\"></span>quisit<span class=\"_ _0\"></span>ions to make f<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er pay<span class=\"_ _0\"></span>ments to c<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain selli<span class=\"_ _0\"></span>ng share<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s who, as pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t of the a<span class=\"_ _0\"></span>gree<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>, are<span class=\"_ _0\"></span> requi<span class=\"_ _0\"></span>red to remai<span class=\"_ _0\"></span>n in emp<span class=\"_ _0\"></span>loym<span class=\"_ _0\"></span>ent wit<span class=\"_ _0\"></span>h the G<span class=\"_ _0\"></span>roup for t<span class=\"_ _0\"></span>he defe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d per<span class=\"_ _0\"></span>iod<span class=\"_ _363\"> </span>Disposal of<span class=\"_ _2\"></span> Subsidiar<span class=\"_ _0\"></span>y Undertakings and Business<span class=\"_ _2\"></span>es<span class=\"_ _363\"> </span>Traditional Merchanting Busines<span class=\"_ _4\"></span>s in Great Bri<span class=\"_ _4\"></span>tain \u2013 Dispos<span class=\"_ _4\"></span>al<span class=\"_ _363\"> </span>In Ap<span class=\"_ _0\"></span>ril 20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p anno<span class=\"_ _0\"></span>unc<span class=\"_ _0\"></span>ed that i<span class=\"_ _0\"></span>t had ap<span class=\"_ _0\"></span>pointe<span class=\"_ _0\"></span>d Rothsc<span class=\"_ _0\"></span>hild &amp; C<span class=\"_ _0\"></span>o to under<span class=\"_ _3\"></span>take a revi<span class=\"_ _0\"></span>ew of a numb<span class=\"_ _0\"></span>er of its t<span class=\"_ _0\"></span>radit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al merc<span class=\"_ _0\"></span>hantin<span class=\"_ _0\"></span>g busine<span class=\"_ _0\"></span>sses i<span class=\"_ _0\"></span>n Great Br<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span>in. T<span class=\"_ _0\"></span>his str<span class=\"_ _0\"></span>ategic re<span class=\"_ _0\"></span>view was fo<span class=\"_ _0\"></span>cuse<span class=\"_ _0\"></span>d sol<span class=\"_ _0\"></span>ely o<span class=\"_ _0\"></span>n the Bu<span class=\"_ _0\"></span>ildbase<span class=\"_ _0\"></span>, Civ<span class=\"_ _0\"></span>ils &amp; Lintels<span class=\"_ _0\"></span>, PD<span class=\"_ _0\"></span>M Buildb<span class=\"_ _0\"></span>ase, T<span class=\"_ _0\"></span>he T<span class=\"_ _0\"></span>imbe<span class=\"_ _0\"></span>r Grou<span class=\"_ _0\"></span>p, <span class=\"ls2\"> </span>Bathroom Distribution Group and NDI businesses. On 3<span class=\"_ _0\"></span>0 June 2<span class=\"_ _0\"></span>021<span class=\"_ _2\"></span>, t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up entere<span class=\"_ _0\"></span>d into an agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent to dives<span class=\"_ _0\"></span>t its T<span class=\"_ _2\"></span>radi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal Me<span class=\"_ _0\"></span>rchant<span class=\"_ _0\"></span>ing Busi<span class=\"_ _0\"></span>ness i<span class=\"_ _0\"></span>n Great Br<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span>in (\u201c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he Bu<span class=\"_ _0\"></span>siness<span class=\"_ _0\"></span>\u201d<span class=\"_ _0\"></span>) for a<span class=\"_ _0\"></span>n enter<span class=\"_ _0\"></span>pris<span class=\"_ _0\"></span>e value of \u00a3520.0 milli<span class=\"_ _0\"></span>on to Huws G<span class=\"_ _0\"></span>ray<span class=\"_ _2\"></span>, o<span class=\"_ _0\"></span>ne of th<span class=\"_ _0\"></span>e UK\u2019s larg<span class=\"_ _0\"></span>est in<span class=\"_ _0\"></span>dep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ent buil<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s\u2019 me<span class=\"_ _0\"></span>rchant<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>at is cont<span class=\"_ _0\"></span>rolle<span class=\"_ _0\"></span>d by equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y fun<span class=\"_ _0\"></span>ds manag<span class=\"_ _0\"></span>ed by Bl<span class=\"_ _0\"></span>acksto<span class=\"_ _0\"></span>ne. T<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p retai<span class=\"_ _0\"></span>ned f<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>hold p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es wit<span class=\"_ _0\"></span>h devel<span class=\"_ _0\"></span>opm<span class=\"_ _0\"></span>ent potent<span class=\"_ _0\"></span>ial that h<span class=\"_ _0\"></span>ad a mar<span class=\"_ _0\"></span>ket value of ci<span class=\"_ _0\"></span>rca \u00a3<span class=\"_ _0\"></span>25 millio<span class=\"_ _0\"></span>n.<span class=\"_ _363\"> </span>27<span class=\"_ _2\"></span>. <span class=\"_ _38\"> </span>Acquisition &amp; Disposal<span class=\"_ _4\"></span>s of Subsidiary Undertakings and Businesses<span class=\"_ _2\"></span><span class=\"ff85 ls9d ws54\"> c<span class=\"_ _0\"></span>ontinu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Disposal of<span class=\"_ _2\"></span> Subsidiar<span class=\"_ _0\"></span>y Undertakings and Business<span class=\"_ _2\"></span>es<span class=\"ff85 ls36 wsf\"> conti<span class=\"_ _0\"></span>nued<span class=\"_ _363\"> </span></span>Traditional Merchanting Busines<span class=\"_ _4\"></span>s in Great Bri<span class=\"_ _4\"></span>tain \u2013 Dispos<span class=\"_ _4\"></span>al<span class=\"ff85 ls36 wsf\"> continue<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e Share P<span class=\"_ _0\"></span>urch<span class=\"_ _0\"></span>ase Agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent was sign<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n 30 Jun<span class=\"_ _0\"></span>e 2021 an<span class=\"_ _0\"></span>d from t<span class=\"_ _0\"></span>hat date Graf<span class=\"_ _0\"></span>ton c<span class=\"_ _0\"></span>ease<span class=\"_ _0\"></span>d to have right<span class=\"_ _0\"></span>s to variab<span class=\"_ _0\"></span>le retur<span class=\"_ _0\"></span>ns fro<span class=\"_ _0\"></span>m its<span class=\"_ _0\"></span> share<span class=\"_ _0\"></span>holdi<span class=\"_ _0\"></span>ngs in th<span class=\"_ _0\"></span>e enti<span class=\"_ _0\"></span>ties b<span class=\"_ _0\"></span>eing d<span class=\"_ _0\"></span>iveste<span class=\"_ _0\"></span>d and instea<span class=\"_ _0\"></span>d rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d an agre<span class=\"_ _0\"></span>ed d<span class=\"_ _0\"></span>aily am<span class=\"_ _0\"></span>ount up to th<span class=\"_ _0\"></span>e date of comp<span class=\"_ _0\"></span>leti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. Internat<span class=\"_ _0\"></span>ional F<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial Repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g S<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>ards re<span class=\"_ _0\"></span>quired t<span class=\"_ _0\"></span>hat th<span class=\"_ _0\"></span>e busine<span class=\"_ _0\"></span>ss be<span class=\"_ _0\"></span>ing dive<span class=\"_ _0\"></span>sted be t<span class=\"_ _0\"></span>reated as dis<span class=\"_ _0\"></span>cont<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>d ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ons and as a d<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>med d<span class=\"_ _0\"></span>ispos<span class=\"_ _0\"></span>al at 30 J<span class=\"_ _0\"></span>une 20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>. Th<span class=\"_ _0\"></span>e enter<span class=\"_ _0\"></span>prise v<span class=\"_ _0\"></span>alue ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>d with t<span class=\"_ _0\"></span>he purc<span class=\"_ _0\"></span>hase<span class=\"_ _0\"></span>r was based o<span class=\"_ _0\"></span>n the b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et as at 3<span class=\"_ _0\"></span>0 Ap<span class=\"_ _0\"></span>ril 20<span class=\"_ _0\"></span>21 and all c<span class=\"_ _0\"></span>ashfl<span class=\"_ _0\"></span>ow gen<span class=\"_ _0\"></span>erated af<span class=\"_ _0\"></span>ter t<span class=\"_ _0\"></span>hat date was for the b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t of the purc<span class=\"_ _0\"></span>hase<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>. Gr<span class=\"_ _0\"></span>af<span class=\"_ _0\"></span>ton rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d a daily t<span class=\"_ _0\"></span>icker r<span class=\"_ _0\"></span>ate for the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od fro<span class=\"_ _0\"></span>m 1 May 20<span class=\"_ _0\"></span>21 to 31 Dece<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>21 that co<span class=\"_ _0\"></span>mpe<span class=\"_ _0\"></span>nsated t<span class=\"_ _0\"></span>he Group fo<span class=\"_ _0\"></span>r the l<span class=\"_ _0\"></span>oss of prof<span class=\"_ _0\"></span>its over t<span class=\"_ _0\"></span>his pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d. Th<span class=\"_ _0\"></span>e trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>eted on 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>21 and th<span class=\"_ _0\"></span>e proc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h amou<span class=\"_ _0\"></span>nted to \u00a360<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>3 millio<span class=\"_ _0\"></span>n, we<span class=\"_ _0\"></span>re rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d on that d<span class=\"_ _0\"></span>ate. The<span class=\"_ _0\"></span>se inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>d \u00a31<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>6.0 milli<span class=\"_ _0\"></span>on of interc<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any balan<span class=\"_ _0\"></span>ces wh<span class=\"_ _0\"></span>ich were d<span class=\"_ _0\"></span>ue to Graf<span class=\"_ _0\"></span>ton G<span class=\"_ _0\"></span>roup at 3<span class=\"_ _0\"></span>0 June 2<span class=\"_ _0\"></span>021<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g value of ass<span class=\"_ _0\"></span>ets an<span class=\"_ _0\"></span>d liabili<span class=\"_ _0\"></span>ties dis<span class=\"_ _0\"></span>pose<span class=\"_ _0\"></span>d in 20<span class=\"_ _0\"></span>21 are set o<span class=\"_ _0\"></span>ut be<span class=\"_ _0\"></span>low:<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>Goo<span class=\"_ _0\"></span>dwill<span class=\"_ _2d6\"> </span><span class=\"ls36 wsf\">1<span class=\"_ _2\"></span>26,29<span class=\"_ _2\"></span>1<span class=\"_ _363\"> </span></span>Intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>ets<span class=\"_ _2d7\"> </span><span class=\"ls13 ws22\">29,<span class=\"_ _0\"></span>827<span class=\"_ _363\"> </span></span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>ent<span class=\"_ _2d8\"> </span><span class=\"ls143 ws151\">1<span class=\"_ _0\"></span>7<span class=\"_ _34\"></span>7,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>5<span class=\"_ _363\"> </span></span>Right-of-use assets<span class=\"_ _267\"> </span><span class=\"lse0 wsd7\">6<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>13<span class=\"_ _363\"> </span></span>Lease receivable<span class=\"_ _2d9\"> </span><span class=\"lsdd ws3b\">1,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>1<span class=\"_ _363\"> </span></span>Defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax as<span class=\"_ _0\"></span>set<span class=\"_ _2da\"> </span><span class=\"lsdd ws3b\">1,7<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _363\"> </span></span>In<span class=\"_ _4\"></span>vent<span class=\"_ _2\"></span>ories<span class=\"_ _2db\"> </span><span class=\"ls14 wsb9\">99<span class=\"_ _0\"></span>,25<span class=\"_ _0\"></span>3<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r rec<span class=\"_ _0\"></span>eivab<span class=\"_ _0\"></span>les<span class=\"_ _2dc\"> </span><span class=\"lse0 wsd7\">2<span class=\"_ _0\"></span>16<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>13<span class=\"_ _363\"> </span></span>Cash<span class=\"_ _2dd\"> </span><span class=\"lsdd ws3b\">10<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r payable<span class=\"_ _0\"></span>s<span class=\"_ _2de\"> </span><span class=\"lsa2 ws97\">(242<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>Provisio<span class=\"_ _0\"></span>ns<span class=\"_ _24f\"> </span><span class=\"ls105 ws162\">(5<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span></span>Lease lia<span class=\"_ _0\"></span>biliti<span class=\"_ _0\"></span>es (curre<span class=\"_ _0\"></span>nt and no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent)<span class=\"_ _2d0\"> </span><span class=\"ls143 ws151\">(<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>7,<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span>Defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>y<span class=\"_ _227\"> </span><span class=\"lse0 wsd7\">(<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>1)<span class=\"_ _363\"> </span></span>Co<span class=\"_ _0\"></span>rpo<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on ta<span class=\"_ _0\"></span>x liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _2df\"> </span><span class=\"ls132 ws146\">(<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>,16<span class=\"_ _0\"></span>1)<span class=\"_ _363\"> </span></span>Net assets disposed<span class=\"_ _2e0\"> </span><span class=\"ls143 ws151\">4<span class=\"_ _3\"></span>7<span class=\"_ _34\"></span>7,1<span class=\"_ _0\"></span>9<span class=\"_ _34\"></span>2<span class=\"_ _363\"> </span></span>Cash c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ived an<span class=\"_ _0\"></span>d set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt of interco<span class=\"_ _0\"></span>mpany bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es<span class=\"_ _21f\"> </span><span class=\"lsef ws12e\">(6<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>8)<span class=\"_ _363\"> </span></span>Ne<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it on d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sal o<span class=\"_ _0\"></span>f Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p bu<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s, be<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>re di<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ts<span class=\"_ _197\"> </span><span class=\"ff84 ls14 wsb9\">(1<span class=\"_ _2\"></span>25<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>Rec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>lia<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le fr<span class=\"_ _0\"></span>om 3<span class=\"_ _0\"></span>0 Ju<span class=\"_ _0\"></span>ne 20<span class=\"_ _0\"></span>21 to cas<span class=\"_ _0\"></span>h re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>d at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2021<span class=\"_ _363\"> </span>Cash c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivabl<span class=\"_ _0\"></span>e at 30 Ju<span class=\"_ _0\"></span>ne 20<span class=\"_ _0\"></span>21<span class=\"_ _2e1\"> </span><span class=\"ls6b wsb\">465,7<span class=\"_ _4\"></span>34<span class=\"_ _363\"> </span></span>Cash re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ived fo<span class=\"_ _0\"></span>r interco<span class=\"_ _0\"></span>mpany bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es owed to Grou<span class=\"_ _0\"></span>p at 30 Ju<span class=\"_ _0\"></span>ne 20<span class=\"_ _0\"></span>21<span class=\"_ _199\"> </span><span class=\"lsdf wsd6\">115<span class=\"_ _34\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _363\"> </span></span>Addi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al cons<span class=\"_ _0\"></span>ider<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n payabl<span class=\"_ _0\"></span>e to date of compl<span class=\"_ _0\"></span>etio<span class=\"_ _0\"></span>n (daily tic<span class=\"_ _0\"></span>ker rate)<span class=\"_ _234\"> </span><span class=\"ls1a ws7d\">20,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>85<span class=\"_ _363\"> </span></span>Ot<span class=\"_ _0\"></span>her a<span class=\"_ _0\"></span>djusti<span class=\"_ _0\"></span>ng items u<span class=\"_ _0\"></span>pon c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>leti<span class=\"_ _0\"></span>on<span class=\"_ _2e2\"> </span><span class=\"ls8b ws7c\">220<span class=\"_ _363\"> </span></span>602,30<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>Ne<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>sh i<span class=\"_ _0\"></span>nf<span class=\"_ _0\"></span>low o<span class=\"_ _0\"></span>n dis<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>l of Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p bu<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>Cash c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ived an<span class=\"_ _0\"></span>d set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt of interco<span class=\"_ _0\"></span>mpany bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es<span class=\"_ _19a\"> </span><span class=\"ls6e ws10\">602,30<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span>Cash disposed with Group<span class=\"_ _4\"></span> businesses<span class=\"_ _221\"> </span><span class=\"lsdd ws3b\">(<span class=\"_ _3\"></span>10<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>498,530<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>Amounts recognised in t<span class=\"_ _4\"></span>he period wit<span class=\"_ _4\"></span>hin discontinued<span class=\"_ _2\"></span> o<span class=\"_ _0\"></span>perations<span class=\"_ _363\"> </span>Gross pro<span class=\"_ _4\"></span>fit on disposal of<span class=\"_ _2\"></span> G<span class=\"_ _0\"></span>roup businesses<span class=\"_ _1a1\"> </span><span class=\"lsdf wsd6\">12<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,11<span class=\"_ _0\"></span>6<span class=\"_ _363\"> </span></span>Disposal costs*<span class=\"_ _2e3\"> </span><span class=\"ls8a ws7b\">(1<span class=\"_ _37\"></span>1<span class=\"_ _2\"></span>,945)<span class=\"_ _363\"> </span></span>Net p<span class=\"_ _0\"></span>rofit o<span class=\"_ _0\"></span>n dispo<span class=\"_ _0\"></span>sal of Grou<span class=\"_ _0\"></span>p busine<span class=\"_ _0\"></span>sses<span class=\"_ _207\"> </span><span class=\"lsdf wsd6\">11<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>17<span class=\"_ _3\"></span>1<span class=\"_ _363\"> </span></span>Resul<span class=\"_ _0\"></span>t for the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od fr<span class=\"_ _0\"></span>om disc<span class=\"_ _0\"></span>ontin<span class=\"_ _0\"></span>ued o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns<span class=\"_ _2e4\"> </span><span class=\"lsdd ws3b\">2<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>1<span class=\"_ _363\"> </span></span>1<span class=\"_ _2\"></span>34,4<span class=\"_ _2\"></span>22<span class=\"_ _363\"> </span>*  <span class=\"_ _32\"> </span>D<span class=\"_ _0\"></span>isp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al co<span class=\"_ _0\"></span>sts i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e profe<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l fee<span class=\"_ _0\"></span>s of \u00a34.9 mi<span class=\"_ _0\"></span>llio<span class=\"_ _0\"></span>n, l<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>al fe<span class=\"_ _0\"></span>es of \u00a31.0 milli<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, ven<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span>r fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial<span class=\"_ _0\"></span>, ta<span class=\"_ _0\"></span>x &amp; I<span class=\"_ _0\"></span>T due d<span class=\"_ _0\"></span>ilig<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce fe<span class=\"_ _0\"></span>es of \u00a3<span class=\"_ _0\"></span>0.9 mill<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n, pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>sts of <span class=\"ls2\"> </span>\u00a30.<span class=\"_ _0\"></span>3 mill<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n and \u00a34<span class=\"_ _0\"></span>.8 m<span class=\"_ _0\"></span>illi<span class=\"_ _0\"></span>on of ot<span class=\"_ _0\"></span>her c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ts re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d to the d<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent of t<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>27<span class=\"_ _2\"></span>. <span class=\"_ _38\"> </span>Acquisition &amp; Disposal<span class=\"_ _4\"></span>s of Subsidiary Undertakings and Businesses<span class=\"_ _2\"></span><span class=\"ff85 ls9d ws54\"> c<span class=\"_ _0\"></span>ontinu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Disposal of<span class=\"_ _2\"></span> Subsidiar<span class=\"_ _0\"></span>y Undertakings and Business<span class=\"_ _2\"></span>es<span class=\"ff85 ls36 wsf\"> conti<span class=\"_ _0\"></span>nued<span class=\"_ _363\"> </span></span>Profit<span class=\"_ _2\"></span> b<span class=\"_ _0\"></span>efore tax<span class=\"_ _2\"></span>ation from discontinued operations<span class=\"_ _363\"> </span>Cash flow<span class=\"_ _2\"></span>s from discontinued operations<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Net c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>low fro<span class=\"_ _0\"></span>m ope<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g acti<span class=\"_ _0\"></span>viti<span class=\"_ _0\"></span>es<span class=\"_ _18d\"> </span><span class=\"ls36 wsf\">36,592<span class=\"_ _363\"> </span></span>Net c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>low fro<span class=\"_ _0\"></span>m investin<span class=\"_ _0\"></span>g acti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>ies<span class=\"_ _1e2\"> </span><span class=\"ls106 wsf9\">(<span class=\"_ _2\"></span>3,346<span class=\"_ _2\"></span>)<span class=\"_ _363\"> </span></span>Net c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>low fro<span class=\"_ _0\"></span>m fin<span class=\"_ _0\"></span>ancin<span class=\"_ _0\"></span>g acti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>ies<span class=\"_ _2e5\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>Ne<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>sh f<span class=\"_ _0\"></span>low f<span class=\"_ _0\"></span>rom d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _213\"> </span><span class=\"ff84 ws77\">2<span class=\"_ _0\"></span>8,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>52<span class=\"_ _363\"> </span></span>Profit<span class=\"_ _2\"></span> b<span class=\"_ _0\"></span>efore tax<span class=\"_ _2\"></span>ation from discontinued operations<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Resul<span class=\"_ _0\"></span>ts from d<span class=\"_ _0\"></span>isco<span class=\"_ _0\"></span>ntinue<span class=\"_ _0\"></span>d op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ions<span class=\"_ _1e2\"> </span><span class=\"ls3e ws35\">30<span class=\"_ _0\"></span>,675<span class=\"_ _363\"> </span></span>Profi<span class=\"_ _0\"></span>t on disp<span class=\"_ _0\"></span>osal of Gro<span class=\"_ _0\"></span>up busi<span class=\"_ _0\"></span>ness<span class=\"_ _0\"></span>es, n<span class=\"_ _0\"></span>et of dispo<span class=\"_ _0\"></span>sal co<span class=\"_ _0\"></span>sts<span class=\"_ _2e6\"> </span><span class=\"lsdf wsd6\">113<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>17<span class=\"_ _34\"></span>1<span class=\"_ _363\"> </span></span>Profit before taxation from<span class=\"_ _2\"></span> disco<span class=\"_ _0\"></span>ntinued operations<span class=\"_ _2e7\"> </span><span class=\"ff84 lse8 wsde\">14<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _34\"></span>4<span class=\"_ _3\"></span>6<span class=\"_ _363\"> </span></span>Results o<span class=\"_ _2\"></span>f Discontinued Operations<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Rev<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>nue<span class=\"_ _2e8\"> </span><span class=\"ff84 lsc0 ws9a\">522,89<span class=\"_ _2\"></span>5<span class=\"_ _363\"> </span></span>Operating costs <span class=\"_ _2e9\"> </span><span class=\"lsef ws12e\">(49<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>3)<span class=\"_ _363\"> </span></span>Operating profit before<span class=\"_ _2\"></span> proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y profits<span class=\"_ _1e0\"> </span><span class=\"ff84 ls36 wsf\">29,022<span class=\"_ _363\"> </span></span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y prof<span class=\"_ _0\"></span>its<span class=\"_ _2ea\"> </span><span class=\"ls6e ws10\">396<span class=\"_ _363\"> </span></span>Operating profit pre-exceptional<span class=\"_ _4\"></span> items<span class=\"_ _22b\"> </span><span class=\"ff84 lsdd ws3b\">2<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>18<span class=\"_ _363\"> </span></span>E<span class=\"_ _0\"></span>xce<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>nal ite<span class=\"_ _0\"></span>ms*<span class=\"_ _2eb\"> </span><span class=\"ls12a wsab\">2,500<span class=\"_ _363\"> </span></span>Operating profit<span class=\"_ _2e3\"> </span><span class=\"ff84 lsdd ws3b\">3<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>18<span class=\"_ _363\"> </span></span>Net f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>osts<span class=\"_ _2da\"> </span><span class=\"lsdd ws3b\">(1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>Pro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>x<span class=\"_ _2ec\"> </span><span class=\"ff84 ls3e ws35\">30<span class=\"_ _0\"></span>,675<span class=\"_ _363\"> </span></span>Income tax<span class=\"_ _2ed\"> </span><span class=\"lsa2 ws97\">(9,<span class=\"_ _0\"></span>424)<span class=\"_ _363\"> </span></span>Pro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r ta<span class=\"_ _0\"></span>x fo<span class=\"_ _0\"></span>r the f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d<span class=\"_ _2ee\"> </span><span class=\"ff84 lsdd ws3b\">2<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>1<span class=\"_ _363\"> </span></span>*  <span class=\"_ _32\"> </span>E<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal i<span class=\"_ _0\"></span>tems a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>021 re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>s to an IA<span class=\"_ _0\"></span>S 19 past s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e cre<span class=\"_ _0\"></span>dit b<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>ked i<span class=\"_ _0\"></span>n 20<span class=\"_ _0\"></span>20 (N<span class=\"_ _0\"></span>ote 30).<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>e tradin<span class=\"_ _0\"></span>g resul<span class=\"_ _0\"></span>ts for 20<span class=\"_ _0\"></span>21 is set ou<span class=\"_ _0\"></span>t bel<span class=\"_ _0\"></span>ow.<span class=\"_ _363\"> </span>Trading Res<span class=\"_ _2\"></span>ul<span class=\"_ _0\"></span>ts<span class=\"_ _363\"> </span>For t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2021<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Continuing \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 Discon<span class=\"_ _4\"></span>tinued<span class=\"_ _2\"></span> \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span> \u00a3\u2019000<span class=\"_ _363\"> </span>Rev<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>nue<span class=\"_ _1ae\"> </span><span class=\"ff84 ls2c ws14\">2,<span class=\"_ _2\"></span>1<span class=\"_ _5\"></span>09,909<span class=\"_ _96\"> </span><span class=\"lsc0 ws9a\">522,895<span class=\"_ _dc\"> </span>2,632,804<span class=\"_ _363\"> </span></span></span>Operating costs<span class=\"_ _22e\"> </span><span class=\"ls1f wsc\">(<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>857<span class=\"_ _5\"></span>,4<span class=\"_ _0\"></span>87)<span class=\"_ _40\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>3)<span class=\"_ _c8\"> </span><span class=\"ls4e ws45\">(<span class=\"_ _2\"></span>2,351<span class=\"_ _5\"></span>,360<span class=\"_ _2\"></span>)<span class=\"_ _363\"> </span></span></span></span>Operating profit before<span class=\"_ _2\"></span> proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y profits<span class=\"_ _239\"> </span><span class=\"ff84 lsc0 ws9a\">2<span class=\"_ _2\"></span>52,4<span class=\"_ _2\"></span>22<span class=\"_ _c4\"> </span><span class=\"ls36 wsf\">29,022<span class=\"_ _b4\"> </span><span class=\"ls162 ws17d\">2<span class=\"_ _2\"></span>81<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>444<span class=\"_ _363\"> </span></span></span></span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y prof<span class=\"_ _0\"></span>its<span class=\"_ _205\"> </span><span class=\"ls14e ws15e\">1<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _34\"> </span>0<span class=\"_ _1c\"> </span><span class=\"ls6e ws10\">396<span class=\"_ _141\"> </span><span class=\"ls143 ws151\">1<span class=\"_ _0\"></span>7,1<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _363\"> </span></span></span></span>Operating profit before<span class=\"_ _2\"></span> exceptional items<span class=\"_ _2ef\"> </span><span class=\"ff84 ls132 ws146\">2<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,16<span class=\"_ _3\"></span>2<span class=\"_ _63\"> </span><span class=\"lsdd ws3b\">2<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>18<span class=\"_ _b4\"> </span><span class=\"ls12a wsab\">298,580<span class=\"_ _363\"> </span></span></span></span>E<span class=\"_ _0\"></span>xception<span class=\"_ _0\"></span>al items<span class=\"_ _20c\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _6e\"> </span><span class=\"ls12a wsab\">2,500<span class=\"_ _46\"> </span>2,500<span class=\"_ _363\"> </span></span></span>Operating profit<span class=\"_ _15a\"> </span><span class=\"ff84 ls132 ws146\">2<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,16<span class=\"_ _0\"></span>2<span class=\"_ _141\"> </span><span class=\"lsdd ws3b\">31<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>18<span class=\"_ _db\"> </span>3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>0<span class=\"_ _363\"> </span></span></span>Finan<span class=\"_ _4\"></span>ce expen<span class=\"_ _2\"></span>se<span class=\"_ _15a\"> </span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _5d\"> </span>(<span class=\"_ _3\"></span>1,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>4<span class=\"_ _34\"></span>3)<span class=\"_ _21\"> </span><span class=\"lsc0 ws9a\">(<span class=\"_ _2\"></span>22,51<span class=\"_ _5\"></span>2)<span class=\"_ _363\"> </span></span></span>Finance inc<span class=\"_ _0\"></span>ome<span class=\"_ _2f0\"> </span><span class=\"lsdd ws3b\">1,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>4<span class=\"_ _128\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _a3\"> </span></span>1,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span></span>Pro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>x<span class=\"_ _f6\"> </span><span class=\"ff84 ls144 ws152\">24<span class=\"_ _0\"></span>9,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>7<span class=\"_ _76\"> </span><span class=\"ls3e ws35\">3<span class=\"_ _0\"></span>0,<span class=\"_ _0\"></span>675<span class=\"_ _db\"> </span><span class=\"ls14 wsb9\">280<span class=\"_ _0\"></span>,472<span class=\"_ _363\"> </span></span></span></span>Inco<span class=\"_ _0\"></span>me ta<span class=\"_ _0\"></span>x ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>e<span class=\"_ _2f1\"> </span><span class=\"lsef ws12e\">(42<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>52<span class=\"_ _0\"></span>)<span class=\"_ _5d\"> </span><span class=\"lsa2 ws97\">(9,<span class=\"_ _0\"></span>424)<span class=\"_ _b0\"> </span></span></span><span class=\"ws77\">(52<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>376)<span class=\"_ _363\"> </span></span>Pro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r ta<span class=\"_ _0\"></span>x fo<span class=\"_ _0\"></span>r the f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d<span class=\"_ _1c2\"> </span><span class=\"ff84 ls8b ws7c\">206,8<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5<span class=\"_ _126\"> </span><span class=\"lsdd ws3b\">2<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>1<span class=\"_ _b0\"> </span><span class=\"ls20 ws19\">228<span class=\"_ _0\"></span>,096<span class=\"_ _363\"> </span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBusinessCombinationsExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-638": {
   "value": "27<span class=\"_ _2\"></span>. <span class=\"_ _38\"> </span>Acquisition &amp; Disposal<span class=\"_ _4\"></span>s of Subsidiary Undertakings and Businesses<span class=\"_ _2\"></span> Acquisition<span class=\"_ _2\"></span> of Subsidiary Undertakings and Businesses<span class=\"_ _363\"> </span>On 1<span class=\"_ _2\"></span>1 Janu<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2, t<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p acqui<span class=\"_ _0\"></span>red th<span class=\"_ _0\"></span>e entire s<span class=\"_ _0\"></span>hare ca<span class=\"_ _0\"></span>pit<span class=\"_ _0\"></span>al of Regt<span class=\"_ _0\"></span>s B.<span class=\"_ _2\"></span>V<span class=\"_ _2\"></span>. (<span class=\"_ _0\"></span>\u201c<span class=\"_ _0\"></span>Reg<span class=\"_ _0\"></span>ts\u201d<span class=\"_ _3\"></span>). Regts is a d<span class=\"_ _0\"></span>istr<span class=\"_ _0\"></span>ibutor of to<span class=\"_ _0\"></span>ols, ir<span class=\"_ _0\"></span>onmo<span class=\"_ _0\"></span>nge<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>y and f<span class=\"_ _0\"></span>ix<span class=\"_ _0\"></span>ings <span class=\"ls2\"> </span>in the N<span class=\"_ _0\"></span>eth<span class=\"_ _0\"></span>erl<span class=\"_ _0\"></span>ands wi<span class=\"_ _0\"></span>th a stro<span class=\"_ _0\"></span>ng mar<span class=\"_ _0\"></span>ket po<span class=\"_ _0\"></span>siti<span class=\"_ _0\"></span>on in th<span class=\"_ _0\"></span>e provin<span class=\"_ _0\"></span>ce of Frie<span class=\"_ _0\"></span>sland w<span class=\"_ _0\"></span>here i<span class=\"_ _0\"></span>t trad<span class=\"_ _0\"></span>es fro<span class=\"_ _0\"></span>m fi<span class=\"_ _0\"></span>ve bran<span class=\"_ _0\"></span>ches<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e acqu<span class=\"_ _0\"></span>isiti<span class=\"_ _0\"></span>on is inc<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>por<span class=\"_ _0\"></span>ated in the Netherlands<span class=\"_ _4\"></span> Distribution segment.<span class=\"_ _363\"> </span>On 14 Febru<span class=\"_ _0\"></span>ar<span class=\"_ _0\"></span>y 20<span class=\"_ _0\"></span>22 t<span class=\"_ _0\"></span>he ent<span class=\"_ _0\"></span>ire share c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>tal of Woodf<span class=\"_ _0\"></span>lo<span class=\"_ _0\"></span>or Ware<span class=\"_ _0\"></span>hous<span class=\"_ _0\"></span>e Limi<span class=\"_ _0\"></span>ted (<span class=\"_ _0\"></span>Wood<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>r) was acquire<span class=\"_ _0\"></span>d. Woo<span class=\"_ _0\"></span>df<span class=\"_ _0\"></span>loo<span class=\"_ _0\"></span>r is a leadi<span class=\"_ _0\"></span>ng in<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>store an<span class=\"_ _0\"></span>d online<span class=\"_ _0\"></span> timb<span class=\"_ _0\"></span>er f<span class=\"_ _0\"></span>loo<span class=\"_ _0\"></span>rin<span class=\"_ _0\"></span>g distr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>tor tradi<span class=\"_ _0\"></span>ng fro<span class=\"_ _0\"></span>m two br<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>hes in N<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>n Irelan<span class=\"_ _0\"></span>d and fro<span class=\"_ _0\"></span>m one b<span class=\"_ _0\"></span>ranc<span class=\"_ _0\"></span>h in th<span class=\"_ _0\"></span>e UK<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n is inc<span class=\"_ _0\"></span>orp<span class=\"_ _0\"></span>orate<span class=\"_ _0\"></span>d in the U<span class=\"_ _0\"></span>K Distribution segme<span class=\"_ _0\"></span>nt.<span class=\"_ _363\"> </span>On 28 F<span class=\"_ _0\"></span>ebr<span class=\"_ _0\"></span>uar<span class=\"_ _3\"></span>y 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, the Gro<span class=\"_ _0\"></span>up co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>eted th<span class=\"_ _0\"></span>e acquis<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>n of the e<span class=\"_ _0\"></span>ntire share c<span class=\"_ _0\"></span>api<span class=\"_ _0\"></span>tal of Si<span class=\"_ _0\"></span>tetech Bu<span class=\"_ _0\"></span>ilding P<span class=\"_ _0\"></span>rodu<span class=\"_ _0\"></span>cts L<span class=\"_ _0\"></span>imited (<span class=\"_ _0\"></span>\u201c<span class=\"_ _0\"></span>Si<span class=\"_ _0\"></span>tetech\u201d<span class=\"_ _3\"></span>), a distr<span class=\"_ _0\"></span>ibuto<span class=\"_ _0\"></span>r of spe<span class=\"_ _0\"></span>cialist c<span class=\"_ _0\"></span>ons<span class=\"_ _0\"></span>tru<span class=\"_ _0\"></span>cti<span class=\"_ _0\"></span>on ac<span class=\"_ _0\"></span>cess<span class=\"_ _0\"></span>ori<span class=\"_ _0\"></span>es in Irel<span class=\"_ _0\"></span>and wh<span class=\"_ _0\"></span>ere th<span class=\"_ _0\"></span>e busine<span class=\"_ _0\"></span>ss tra<span class=\"_ _0\"></span>des fr<span class=\"_ _0\"></span>om t<span class=\"_ _0\"></span>wo loc<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns in Dub<span class=\"_ _0\"></span>lin and C<span class=\"_ _0\"></span>or<span class=\"_ _0\"></span>k. T<span class=\"_ _0\"></span>he a<span class=\"_ _0\"></span>cquisi<span class=\"_ _0\"></span>tion i<span class=\"_ _0\"></span>s inco<span class=\"_ _0\"></span>rp<span class=\"_ _0\"></span>orated<span class=\"_ _0\"></span> in the Ir<span class=\"_ _0\"></span>ish Di<span class=\"_ _0\"></span>str<span class=\"_ _0\"></span>ibut<span class=\"_ _0\"></span>ion se<span class=\"_ _0\"></span>gme<span class=\"_ _0\"></span>nt.<span class=\"_ _363\"> </span>Non<span class=\"_ _0\"></span>e of thes<span class=\"_ _0\"></span>e acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns were indi<span class=\"_ _0\"></span>vidu<span class=\"_ _0\"></span>ally mater<span class=\"_ _0\"></span>ial for s<span class=\"_ _0\"></span>epar<span class=\"_ _0\"></span>ate disclo<span class=\"_ _0\"></span>sure und<span class=\"_ _0\"></span>er IF<span class=\"_ _0\"></span>RS<span class=\"_ _0\"></span>3.<span class=\"_ _363\"> </span>Goo<span class=\"_ _0\"></span>dwill o<span class=\"_ _0\"></span>n thes<span class=\"_ _0\"></span>e acquis<span class=\"_ _0\"></span>itio<span class=\"_ _0\"></span>ns ref<span class=\"_ _0\"></span>lec<span class=\"_ _0\"></span>ts th<span class=\"_ _0\"></span>e antic<span class=\"_ _0\"></span>ipated pu<span class=\"_ _0\"></span>rchasin<span class=\"_ _0\"></span>g and op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ional s<span class=\"_ _0\"></span>yne<span class=\"_ _0\"></span>rgies t<span class=\"_ _0\"></span>hat sho<span class=\"_ _0\"></span>uld be re<span class=\"_ _0\"></span>alise<span class=\"_ _0\"></span>d as par<span class=\"_ _0\"></span>t of th<span class=\"_ _0\"></span>e enla<span class=\"_ _0\"></span>rged G<span class=\"_ _0\"></span>roup.<span class=\"_ _363\"> </span>27<span class=\"_ _2\"></span>. <span class=\"_ _38\"> </span>Acquisition &amp; Disposal<span class=\"_ _4\"></span>s of Subsidiary Undertakings and Businesses<span class=\"_ _2\"></span><span class=\"ff85 ls9d ws54\"> c<span class=\"_ _0\"></span>ontinu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Acquisition<span class=\"_ _2\"></span> of Subsidiary Undertakings and Businesses<span class=\"_ _2\"></span><span class=\"ff85 ls36 wsf\"> c<span class=\"_ _0\"></span>ontinue<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e fair value<span class=\"_ _0\"></span>s of assets a<span class=\"_ _0\"></span>nd liabi<span class=\"_ _0\"></span>litie<span class=\"_ _0\"></span>s acqui<span class=\"_ _0\"></span>red in 20<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>2 are set o<span class=\"_ _0\"></span>ut be<span class=\"_ _0\"></span>low:<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>ent (N<span class=\"_ _0\"></span>ote 1<span class=\"_ _2\"></span>3a)<span class=\"_ _221\"> </span><span class=\"ff83 lsa7 ws9c\">4,659<span class=\"_ _363\"> </span></span>Right-of-use asset (Not<span class=\"_ _4\"></span>e 1<span class=\"_ _2\"></span>3b<span class=\"_ _4\"></span>)<span class=\"_ _2cf\"> </span><span class=\"ff83 ls12a wsab\">2,<span class=\"_ _2\"></span>7<span class=\"_ _2\"></span>45<span class=\"_ _363\"> </span></span>Intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>ets \u2013 cu<span class=\"_ _0\"></span>stome<span class=\"_ _0\"></span>r relati<span class=\"_ _0\"></span>onship<span class=\"_ _0\"></span>s (Note 1<span class=\"_ _2\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _17f\"> </span><span class=\"ff83 ls146 ws155\">17,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _363\"> </span></span>Intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>ets \u2013 tr<span class=\"_ _0\"></span>ade na<span class=\"_ _0\"></span>mes (N<span class=\"_ _0\"></span>ote 1<span class=\"_ _2\"></span>5)<span class=\"_ _2d0\"> </span><span class=\"ff83 ls20 ws19\">2,889<span class=\"_ _363\"> </span></span>Inventori<span class=\"_ _0\"></span>es (Note 26)<span class=\"_ _2d1\"> </span><span class=\"ff83 ls146 ws155\">7,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>1<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r rec<span class=\"_ _0\"></span>eivab<span class=\"_ _0\"></span>les (N<span class=\"_ _0\"></span>ote 26)<span class=\"_ _281\"> </span><span class=\"ff83 ls155 ws169\">8<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r payable<span class=\"_ _0\"></span>s (Note 26)<span class=\"_ _168\"> </span><span class=\"ff83 lsa7 ws9c\">(5,695)<span class=\"_ _363\"> </span></span>Lease liab<span class=\"_ _0\"></span>ilit<span class=\"_ _0\"></span>y<span class=\"_ _257\"> </span><span class=\"ff83 ls12a wsab\">(<span class=\"_ _2\"></span>2,7<span class=\"_ _5\"></span>45)<span class=\"_ _363\"> </span></span>Co<span class=\"_ _0\"></span>rpo<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on ta<span class=\"_ _0\"></span>x liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _251\"> </span><span class=\"ff83 ls31 ws27\">(<span class=\"_ _0\"></span>10<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>Defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>y (N<span class=\"_ _0\"></span>ote 25)<span class=\"_ _2c5\"> </span><span class=\"ff83 lse4 wsdc\">(3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>59<span class=\"_ _0\"></span>2)<span class=\"_ _363\"> </span></span>Cash ac<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d<span class=\"_ _2d2\"> </span><span class=\"ff83 ls8b ws7c\">5,879<span class=\"_ _363\"> </span></span>Net as<span class=\"_ _0\"></span>sets ac<span class=\"_ _0\"></span>quire<span class=\"_ _0\"></span>d<span class=\"_ _1d2\"> </span><span class=\"ff83 ls60 ws5c\">38<span class=\"_ _4\"></span>,089<span class=\"_ _363\"> </span></span>Goo<span class=\"_ _0\"></span>dwill (N<span class=\"_ _0\"></span>ote 1<span class=\"_ _2\"></span>2)<span class=\"_ _26c\"> </span><span class=\"ff83 ls36 wsf\">1<span class=\"_ _2\"></span>8,965<span class=\"_ _363\"> </span></span>Consideration<span class=\"_ _2d3\"> </span><span class=\"ls146 ws155\">5<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span></span>Sat<span class=\"_ _0\"></span>isfi<span class=\"_ _0\"></span>ed by<span class=\"_ _0\"></span>: Cash paid<span class=\"_ _2d4\"> </span><span class=\"ff83 ls22 ws66\">5<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>7<span class=\"_ _363\"> </span></span>Defer<span class=\"_ _0\"></span>red c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ation (<span class=\"_ _0\"></span>Note 26)<span class=\"_ _1db\"> </span><span class=\"ff83 ls134 ws145\">5<span class=\"_ _3\"></span>,19<span class=\"_ _0\"></span>7<span class=\"_ _363\"> </span></span>5<span class=\"_ _3\"></span>7,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span>Ne<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>sh o<span class=\"_ _0\"></span>ut<span class=\"_ _0\"></span>fl<span class=\"_ _0\"></span>ow \u2013 ar<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>g on ac<span class=\"_ _0\"></span>q<span class=\"_ _0\"></span>uis<span class=\"_ _0\"></span>iti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>Cash con<span class=\"_ _2\"></span>sideration<span class=\"_ _2d5\"> </span><span class=\"ff83 ls22 ws66\">5<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>5<span class=\"_ _0\"></span>7<span class=\"_ _363\"> </span></span>Less: c<span class=\"_ _0\"></span>ash and c<span class=\"_ _0\"></span>ash eq<span class=\"_ _0\"></span>uival<span class=\"_ _0\"></span>ents ac<span class=\"_ _0\"></span>quired<span class=\"_ _194\"> </span><span class=\"ff83 ls35 ws2b\">(<span class=\"_ _0\"></span>5,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span></span>45,978<span class=\"_ _363\"> </span>Acqui<span class=\"_ _0\"></span>sitio<span class=\"_ _0\"></span>ns would h<span class=\"_ _0\"></span>ave cont<span class=\"_ _0\"></span>ribu<span class=\"_ _0\"></span>ted reven<span class=\"_ _0\"></span>ue of \u00a359.4 m<span class=\"_ _0\"></span>illion (unaudi<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>) and op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ing prof<span class=\"_ _0\"></span>it of \u00a39<span class=\"_ _0\"></span>.5 million (unaudi<span class=\"_ _0\"></span>ted<span class=\"_ _0\"></span>) in the y<span class=\"_ _0\"></span>ear en<span class=\"_ _0\"></span>ded<span class=\"_ _0\"></span> 31 De<span class=\"_ _0\"></span>cem<span class=\"_ _0\"></span>ber 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 on th<span class=\"_ _0\"></span>e assum<span class=\"_ _0\"></span>ption t<span class=\"_ _0\"></span>hat th<span class=\"_ _0\"></span>ey had be<span class=\"_ _0\"></span>en a<span class=\"_ _0\"></span>cquire<span class=\"_ _0\"></span>d on 1 Ja<span class=\"_ _0\"></span>nuar<span class=\"_ _0\"></span>y. Acquisi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns com<span class=\"_ _0\"></span>plete<span class=\"_ _0\"></span>d in 20<span class=\"_ _0\"></span>22 c<span class=\"_ _0\"></span>ontr<span class=\"_ _0\"></span>ibu<span class=\"_ _0\"></span>ted revenu<span class=\"_ _0\"></span>es <span class=\"ls2\"> </span>of \u00a353<span class=\"_ _0\"></span>.6 million an<span class=\"_ _0\"></span>d ope<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g profi<span class=\"_ _0\"></span>t of \u00a38.<span class=\"_ _0\"></span>4 millio<span class=\"_ _0\"></span>n for the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od fr<span class=\"_ _0\"></span>om th<span class=\"_ _0\"></span>e date of acquisi<span class=\"_ _0\"></span>tion u<span class=\"_ _0\"></span>ntil the y<span class=\"_ _0\"></span>ear en<span class=\"_ _0\"></span>d.<span class=\"_ _363\"> </span>In 202<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>, the G<span class=\"_ _0\"></span>roup in<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>red ac<span class=\"_ _0\"></span>quisit<span class=\"_ _0\"></span>ion re<span class=\"_ _0\"></span>lated co<span class=\"_ _0\"></span>sts of \u00a32<span class=\"_ _0\"></span>.3 m<span class=\"_ _0\"></span>illion (20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>: \u00a34.<span class=\"_ _2\"></span>1 millio<span class=\"_ _0\"></span>n)<span class=\"_ _4\"></span>. Th<span class=\"_ _0\"></span>ese have be<span class=\"_ _0\"></span>en in<span class=\"_ _0\"></span>clud<span class=\"_ _0\"></span>ed in o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>ating c<span class=\"_ _0\"></span>osts i<span class=\"_ _0\"></span>n the Gro<span class=\"_ _0\"></span>up Inco<span class=\"_ _0\"></span>me S<span class=\"_ _0\"></span>tate<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>. Th<span class=\"_ _0\"></span>e fair valu<span class=\"_ _0\"></span>e of ident<span class=\"_ _0\"></span>ifi<span class=\"_ _0\"></span>able n<span class=\"_ _0\"></span>et asse<span class=\"_ _0\"></span>ts acqu<span class=\"_ _0\"></span>ired in 2<span class=\"_ _0\"></span>02<span class=\"_ _0\"></span>2 was \u00a33<span class=\"_ _0\"></span>8.<span class=\"_ _2\"></span>1 milli<span class=\"_ _0\"></span>on.<span class=\"_ _363\"> </span>Fair<span class=\"_ _4\"></span> Value<span class=\"_ _2\"></span> \u00a3\u2019000<span class=\"_ _363\"> </span>Consideration \u00a3\u2019000<span class=\"_ _363\"> </span>Goodwill \u00a3\u2019000<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>ota<span class=\"_ _2\"></span>l acquisitions<span class=\"_ _22a\"> </span><span class=\"ff83 ls60 ws5c\">38,089<span class=\"_ _5b\"> </span><span class=\"ls146 ws155\">5<span class=\"_ _3\"></span>7,<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>5<span class=\"_ _34\"></span>4<span class=\"_ _c4\"> </span><span class=\"ls36 wsf\">1<span class=\"_ _2\"></span>8,965<span class=\"_ _363\"> </span></span></span></span>Th<span class=\"_ _0\"></span>ere were n<span class=\"_ _0\"></span>o adjust<span class=\"_ _0\"></span>ments p<span class=\"_ _0\"></span>roc<span class=\"_ _0\"></span>esse<span class=\"_ _0\"></span>d dur<span class=\"_ _0\"></span>ing th<span class=\"_ _0\"></span>e year to th<span class=\"_ _0\"></span>e fair value of b<span class=\"_ _0\"></span>usines<span class=\"_ _0\"></span>s com<span class=\"_ _0\"></span>binati<span class=\"_ _0\"></span>ons c<span class=\"_ _0\"></span>ompl<span class=\"_ _0\"></span>eted du<span class=\"_ _0\"></span>ring t<span class=\"_ _0\"></span>he year e<span class=\"_ _0\"></span>nde<span class=\"_ _0\"></span>d 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mbe<span class=\"_ _0\"></span>r 2021.<span class=\"_ _363\"> </span>Defer<span class=\"_ _0\"></span>red c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>ation is p<span class=\"_ _0\"></span>ayable w<span class=\"_ _0\"></span>ithin 3 ye<span class=\"_ _0\"></span>ars f<span class=\"_ _0\"></span>rom th<span class=\"_ _0\"></span>e date of acquisi<span class=\"_ _0\"></span>tion a<span class=\"_ _0\"></span>nd is not c<span class=\"_ _0\"></span>ontin<span class=\"_ _0\"></span>gent<span class=\"_ _0\"></span>. In addi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>n to this defer<span class=\"_ _0\"></span>red c<span class=\"_ _0\"></span>onsi<span class=\"_ _0\"></span>derat<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>, the<span class=\"_ _0\"></span> Group h<span class=\"_ _0\"></span>as an agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent for t<span class=\"_ _0\"></span>wo of the ac<span class=\"_ _0\"></span>quisit<span class=\"_ _0\"></span>ions to make f<span class=\"_ _0\"></span>ur<span class=\"_ _0\"></span>th<span class=\"_ _0\"></span>er pay<span class=\"_ _0\"></span>ments to c<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>ain selli<span class=\"_ _0\"></span>ng share<span class=\"_ _0\"></span>hol<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s who, as pa<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>t of the a<span class=\"_ _0\"></span>gree<span class=\"_ _0\"></span>ment<span class=\"_ _0\"></span>, are<span class=\"_ _0\"></span> requi<span class=\"_ _0\"></span>red to remai<span class=\"_ _0\"></span>n in emp<span class=\"_ _0\"></span>loym<span class=\"_ _0\"></span>ent wit<span class=\"_ _0\"></span>h the G<span class=\"_ _0\"></span>roup for t<span class=\"_ _0\"></span>he defe<span class=\"_ _0\"></span>rre<span class=\"_ _0\"></span>d per<span class=\"_ _0\"></span>iod<span class=\"_ _363\"> </span>Disposal of<span class=\"_ _2\"></span> Subsidiar<span class=\"_ _0\"></span>y Undertakings and Business<span class=\"_ _2\"></span>es<span class=\"_ _363\"> </span>Traditional Merchanting Busines<span class=\"_ _4\"></span>s in Great Bri<span class=\"_ _4\"></span>tain \u2013 Dispos<span class=\"_ _4\"></span>al<span class=\"_ _363\"> </span>In Ap<span class=\"_ _0\"></span>ril 20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>, th<span class=\"_ _0\"></span>e Grou<span class=\"_ _0\"></span>p anno<span class=\"_ _0\"></span>unc<span class=\"_ _0\"></span>ed that i<span class=\"_ _0\"></span>t had ap<span class=\"_ _0\"></span>pointe<span class=\"_ _0\"></span>d Rothsc<span class=\"_ _0\"></span>hild &amp; C<span class=\"_ _0\"></span>o to under<span class=\"_ _3\"></span>take a revi<span class=\"_ _0\"></span>ew of a numb<span class=\"_ _0\"></span>er of its t<span class=\"_ _0\"></span>radit<span class=\"_ _0\"></span>ion<span class=\"_ _0\"></span>al merc<span class=\"_ _0\"></span>hantin<span class=\"_ _0\"></span>g busine<span class=\"_ _0\"></span>sses i<span class=\"_ _0\"></span>n Great Br<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span>in. T<span class=\"_ _0\"></span>his str<span class=\"_ _0\"></span>ategic re<span class=\"_ _0\"></span>view was fo<span class=\"_ _0\"></span>cuse<span class=\"_ _0\"></span>d sol<span class=\"_ _0\"></span>ely o<span class=\"_ _0\"></span>n the Bu<span class=\"_ _0\"></span>ildbase<span class=\"_ _0\"></span>, Civ<span class=\"_ _0\"></span>ils &amp; Lintels<span class=\"_ _0\"></span>, PD<span class=\"_ _0\"></span>M Buildb<span class=\"_ _0\"></span>ase, T<span class=\"_ _0\"></span>he T<span class=\"_ _0\"></span>imbe<span class=\"_ _0\"></span>r Grou<span class=\"_ _0\"></span>p, <span class=\"ls2\"> </span>Bathroom Distribution Group and NDI businesses. On 3<span class=\"_ _0\"></span>0 June 2<span class=\"_ _0\"></span>021<span class=\"_ _2\"></span>, t<span class=\"_ _0\"></span>he Gro<span class=\"_ _0\"></span>up entere<span class=\"_ _0\"></span>d into an agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent to dives<span class=\"_ _0\"></span>t its T<span class=\"_ _2\"></span>radi<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal Me<span class=\"_ _0\"></span>rchant<span class=\"_ _0\"></span>ing Busi<span class=\"_ _0\"></span>ness i<span class=\"_ _0\"></span>n Great Br<span class=\"_ _0\"></span>ita<span class=\"_ _0\"></span>in (\u201c<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>he Bu<span class=\"_ _0\"></span>siness<span class=\"_ _0\"></span>\u201d<span class=\"_ _0\"></span>) for a<span class=\"_ _0\"></span>n enter<span class=\"_ _0\"></span>pris<span class=\"_ _0\"></span>e value of \u00a3520.0 milli<span class=\"_ _0\"></span>on to Huws G<span class=\"_ _0\"></span>ray<span class=\"_ _2\"></span>, o<span class=\"_ _0\"></span>ne of th<span class=\"_ _0\"></span>e UK\u2019s larg<span class=\"_ _0\"></span>est in<span class=\"_ _0\"></span>dep<span class=\"_ _0\"></span>end<span class=\"_ _0\"></span>ent buil<span class=\"_ _0\"></span>der<span class=\"_ _0\"></span>s\u2019 me<span class=\"_ _0\"></span>rchant<span class=\"_ _0\"></span>s, th<span class=\"_ _0\"></span>at is cont<span class=\"_ _0\"></span>rolle<span class=\"_ _0\"></span>d by equ<span class=\"_ _0\"></span>it<span class=\"_ _0\"></span>y fun<span class=\"_ _0\"></span>ds manag<span class=\"_ _0\"></span>ed by Bl<span class=\"_ _0\"></span>acksto<span class=\"_ _0\"></span>ne. T<span class=\"_ _0\"></span>he Grou<span class=\"_ _0\"></span>p retai<span class=\"_ _0\"></span>ned f<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>hold p<span class=\"_ _0\"></span>rope<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>es wit<span class=\"_ _0\"></span>h devel<span class=\"_ _0\"></span>opm<span class=\"_ _0\"></span>ent potent<span class=\"_ _0\"></span>ial that h<span class=\"_ _0\"></span>ad a mar<span class=\"_ _0\"></span>ket value of ci<span class=\"_ _0\"></span>rca \u00a3<span class=\"_ _0\"></span>25 millio<span class=\"_ _0\"></span>n.<span class=\"_ _363\"> </span>27<span class=\"_ _2\"></span>. <span class=\"_ _38\"> </span>Acquisition &amp; Disposal<span class=\"_ _4\"></span>s of Subsidiary Undertakings and Businesses<span class=\"_ _2\"></span><span class=\"ff85 ls9d ws54\"> c<span class=\"_ _0\"></span>ontinu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Disposal of<span class=\"_ _2\"></span> Subsidiar<span class=\"_ _0\"></span>y Undertakings and Business<span class=\"_ _2\"></span>es<span class=\"ff85 ls36 wsf\"> conti<span class=\"_ _0\"></span>nued<span class=\"_ _363\"> </span></span>Traditional Merchanting Busines<span class=\"_ _4\"></span>s in Great Bri<span class=\"_ _4\"></span>tain \u2013 Dispos<span class=\"_ _4\"></span>al<span class=\"ff85 ls36 wsf\"> continue<span class=\"_ _0\"></span>d<span class=\"_ _363\"> </span></span>Th<span class=\"_ _0\"></span>e Share P<span class=\"_ _0\"></span>urch<span class=\"_ _0\"></span>ase Agre<span class=\"_ _0\"></span>em<span class=\"_ _0\"></span>ent was sign<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>n 30 Jun<span class=\"_ _0\"></span>e 2021 an<span class=\"_ _0\"></span>d from t<span class=\"_ _0\"></span>hat date Graf<span class=\"_ _0\"></span>ton c<span class=\"_ _0\"></span>ease<span class=\"_ _0\"></span>d to have right<span class=\"_ _0\"></span>s to variab<span class=\"_ _0\"></span>le retur<span class=\"_ _0\"></span>ns fro<span class=\"_ _0\"></span>m its<span class=\"_ _0\"></span> share<span class=\"_ _0\"></span>holdi<span class=\"_ _0\"></span>ngs in th<span class=\"_ _0\"></span>e enti<span class=\"_ _0\"></span>ties b<span class=\"_ _0\"></span>eing d<span class=\"_ _0\"></span>iveste<span class=\"_ _0\"></span>d and instea<span class=\"_ _0\"></span>d rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d an agre<span class=\"_ _0\"></span>ed d<span class=\"_ _0\"></span>aily am<span class=\"_ _0\"></span>ount up to th<span class=\"_ _0\"></span>e date of comp<span class=\"_ _0\"></span>leti<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>. Internat<span class=\"_ _0\"></span>ional F<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>cial Repo<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>tin<span class=\"_ _0\"></span>g S<span class=\"_ _0\"></span>tand<span class=\"_ _0\"></span>ards re<span class=\"_ _0\"></span>quired t<span class=\"_ _0\"></span>hat th<span class=\"_ _0\"></span>e busine<span class=\"_ _0\"></span>ss be<span class=\"_ _0\"></span>ing dive<span class=\"_ _0\"></span>sted be t<span class=\"_ _0\"></span>reated as dis<span class=\"_ _0\"></span>cont<span class=\"_ _0\"></span>inue<span class=\"_ _0\"></span>d ope<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>ons and as a d<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>med d<span class=\"_ _0\"></span>ispos<span class=\"_ _0\"></span>al at 30 J<span class=\"_ _0\"></span>une 20<span class=\"_ _0\"></span>21<span class=\"_ _2\"></span>. Th<span class=\"_ _0\"></span>e enter<span class=\"_ _0\"></span>prise v<span class=\"_ _0\"></span>alue ag<span class=\"_ _0\"></span>ree<span class=\"_ _0\"></span>d with t<span class=\"_ _0\"></span>he purc<span class=\"_ _0\"></span>hase<span class=\"_ _0\"></span>r was based o<span class=\"_ _0\"></span>n the b<span class=\"_ _0\"></span>alanc<span class=\"_ _0\"></span>e she<span class=\"_ _0\"></span>et as at 3<span class=\"_ _0\"></span>0 Ap<span class=\"_ _0\"></span>ril 20<span class=\"_ _0\"></span>21 and all c<span class=\"_ _0\"></span>ashfl<span class=\"_ _0\"></span>ow gen<span class=\"_ _0\"></span>erated af<span class=\"_ _0\"></span>ter t<span class=\"_ _0\"></span>hat date was for the b<span class=\"_ _0\"></span>ene<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t of the purc<span class=\"_ _0\"></span>hase<span class=\"_ _0\"></span>r<span class=\"_ _2\"></span>. Gr<span class=\"_ _0\"></span>af<span class=\"_ _0\"></span>ton rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d a daily t<span class=\"_ _0\"></span>icker r<span class=\"_ _0\"></span>ate for the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od fro<span class=\"_ _0\"></span>m 1 May 20<span class=\"_ _0\"></span>21 to 31 Dece<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>21 that co<span class=\"_ _0\"></span>mpe<span class=\"_ _0\"></span>nsated t<span class=\"_ _0\"></span>he Group fo<span class=\"_ _0\"></span>r the l<span class=\"_ _0\"></span>oss of prof<span class=\"_ _0\"></span>its over t<span class=\"_ _0\"></span>his pe<span class=\"_ _0\"></span>rio<span class=\"_ _0\"></span>d. Th<span class=\"_ _0\"></span>e trans<span class=\"_ _0\"></span>acti<span class=\"_ _0\"></span>on co<span class=\"_ _0\"></span>mpl<span class=\"_ _0\"></span>eted on 31 D<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>emb<span class=\"_ _0\"></span>er 20<span class=\"_ _0\"></span>21 and th<span class=\"_ _0\"></span>e proc<span class=\"_ _0\"></span>ee<span class=\"_ _0\"></span>ds<span class=\"_ _0\"></span>, whic<span class=\"_ _0\"></span>h amou<span class=\"_ _0\"></span>nted to \u00a360<span class=\"_ _0\"></span>2.<span class=\"_ _0\"></span>3 millio<span class=\"_ _0\"></span>n, we<span class=\"_ _0\"></span>re rec<span class=\"_ _0\"></span>eive<span class=\"_ _0\"></span>d on that d<span class=\"_ _0\"></span>ate. The<span class=\"_ _0\"></span>se inc<span class=\"_ _0\"></span>lude<span class=\"_ _0\"></span>d \u00a31<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>6.0 milli<span class=\"_ _0\"></span>on of interc<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>any balan<span class=\"_ _0\"></span>ces wh<span class=\"_ _0\"></span>ich were d<span class=\"_ _0\"></span>ue to Graf<span class=\"_ _0\"></span>ton G<span class=\"_ _0\"></span>roup at 3<span class=\"_ _0\"></span>0 June 2<span class=\"_ _0\"></span>021<span class=\"_ _2\"></span>.<span class=\"_ _363\"> </span>Th<span class=\"_ _0\"></span>e car<span class=\"_ _0\"></span>r<span class=\"_ _0\"></span>yin<span class=\"_ _0\"></span>g value of ass<span class=\"_ _0\"></span>ets an<span class=\"_ _0\"></span>d liabili<span class=\"_ _0\"></span>ties dis<span class=\"_ _0\"></span>pose<span class=\"_ _0\"></span>d in 20<span class=\"_ _0\"></span>21 are set o<span class=\"_ _0\"></span>ut be<span class=\"_ _0\"></span>low:<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>Goo<span class=\"_ _0\"></span>dwill<span class=\"_ _2d6\"> </span><span class=\"ls36 wsf\">1<span class=\"_ _2\"></span>26,29<span class=\"_ _2\"></span>1<span class=\"_ _363\"> </span></span>Intang<span class=\"_ _0\"></span>ible ass<span class=\"_ _0\"></span>ets<span class=\"_ _2d7\"> </span><span class=\"ls13 ws22\">29,<span class=\"_ _0\"></span>827<span class=\"_ _363\"> </span></span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y, plant and e<span class=\"_ _0\"></span>quipm<span class=\"_ _0\"></span>ent<span class=\"_ _2d8\"> </span><span class=\"ls143 ws151\">1<span class=\"_ _0\"></span>7<span class=\"_ _34\"></span>7,<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>1<span class=\"_ _0\"></span>5<span class=\"_ _363\"> </span></span>Right-of-use assets<span class=\"_ _267\"> </span><span class=\"lse0 wsd7\">6<span class=\"_ _3\"></span>0<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>13<span class=\"_ _363\"> </span></span>Lease receivable<span class=\"_ _2d9\"> </span><span class=\"lsdd ws3b\">1,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>1<span class=\"_ _363\"> </span></span>Defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax as<span class=\"_ _0\"></span>set<span class=\"_ _2da\"> </span><span class=\"lsdd ws3b\">1,7<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>9<span class=\"_ _363\"> </span></span>In<span class=\"_ _4\"></span>vent<span class=\"_ _2\"></span>ories<span class=\"_ _2db\"> </span><span class=\"ls14 wsb9\">99<span class=\"_ _0\"></span>,25<span class=\"_ _0\"></span>3<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r rec<span class=\"_ _0\"></span>eivab<span class=\"_ _0\"></span>les<span class=\"_ _2dc\"> </span><span class=\"lse0 wsd7\">2<span class=\"_ _0\"></span>16<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>13<span class=\"_ _363\"> </span></span>Cash<span class=\"_ _2dd\"> </span><span class=\"lsdd ws3b\">10<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>rade an<span class=\"_ _0\"></span>d othe<span class=\"_ _0\"></span>r payable<span class=\"_ _0\"></span>s<span class=\"_ _2de\"> </span><span class=\"lsa2 ws97\">(242<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>6<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>Provisio<span class=\"_ _0\"></span>ns<span class=\"_ _24f\"> </span><span class=\"ls105 ws162\">(5<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>9)<span class=\"_ _363\"> </span></span>Lease lia<span class=\"_ _0\"></span>biliti<span class=\"_ _0\"></span>es (curre<span class=\"_ _0\"></span>nt and no<span class=\"_ _0\"></span>n<span class=\"_ _0\"></span>-<span class=\"_ _0\"></span>cur<span class=\"_ _0\"></span>rent)<span class=\"_ _2d0\"> </span><span class=\"ls143 ws151\">(<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>7,<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>0<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>)<span class=\"_ _363\"> </span></span>Defer<span class=\"_ _0\"></span>red t<span class=\"_ _0\"></span>ax li<span class=\"_ _0\"></span>abilit<span class=\"_ _0\"></span>y<span class=\"_ _227\"> </span><span class=\"lse0 wsd7\">(<span class=\"_ _0\"></span>1<span class=\"_ _0\"></span>8<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>1)<span class=\"_ _363\"> </span></span>Co<span class=\"_ _0\"></span>rpo<span class=\"_ _0\"></span>rati<span class=\"_ _0\"></span>on ta<span class=\"_ _0\"></span>x liabili<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y<span class=\"_ _2df\"> </span><span class=\"ls132 ws146\">(<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>,16<span class=\"_ _0\"></span>1)<span class=\"_ _363\"> </span></span>Net assets disposed<span class=\"_ _2e0\"> </span><span class=\"ls143 ws151\">4<span class=\"_ _3\"></span>7<span class=\"_ _34\"></span>7,1<span class=\"_ _0\"></span>9<span class=\"_ _34\"></span>2<span class=\"_ _363\"> </span></span>Cash c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ived an<span class=\"_ _0\"></span>d set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt of interco<span class=\"_ _0\"></span>mpany bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es<span class=\"_ _21f\"> </span><span class=\"lsef ws12e\">(6<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>2<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>8)<span class=\"_ _363\"> </span></span>Ne<span class=\"_ _0\"></span>t pr<span class=\"_ _0\"></span>of<span class=\"_ _0\"></span>it on d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sal o<span class=\"_ _0\"></span>f Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p bu<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s, be<span class=\"_ _0\"></span>fo<span class=\"_ _0\"></span>re di<span class=\"_ _0\"></span>sp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ts<span class=\"_ _197\"> </span><span class=\"ff84 ls14 wsb9\">(1<span class=\"_ _2\"></span>25<span class=\"_ _0\"></span>,<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>6<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>Rec<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>lia<span class=\"_ _0\"></span>ti<span class=\"_ _0\"></span>on of c<span class=\"_ _0\"></span>as<span class=\"_ _0\"></span>h co<span class=\"_ _0\"></span>ns<span class=\"_ _0\"></span>id<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>ati<span class=\"_ _0\"></span>on r<span class=\"_ _0\"></span>ec<span class=\"_ _0\"></span>eiv<span class=\"_ _0\"></span>ab<span class=\"_ _0\"></span>le fr<span class=\"_ _0\"></span>om 3<span class=\"_ _0\"></span>0 Ju<span class=\"_ _0\"></span>ne 20<span class=\"_ _0\"></span>21 to cas<span class=\"_ _0\"></span>h re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>d at 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2021<span class=\"_ _363\"> </span>Cash c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ivabl<span class=\"_ _0\"></span>e at 30 Ju<span class=\"_ _0\"></span>ne 20<span class=\"_ _0\"></span>21<span class=\"_ _2e1\"> </span><span class=\"ls6b wsb\">465,7<span class=\"_ _4\"></span>34<span class=\"_ _363\"> </span></span>Cash re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ived fo<span class=\"_ _0\"></span>r interco<span class=\"_ _0\"></span>mpany bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es owed to Grou<span class=\"_ _0\"></span>p at 30 Ju<span class=\"_ _0\"></span>ne 20<span class=\"_ _0\"></span>21<span class=\"_ _199\"> </span><span class=\"lsdf wsd6\">115<span class=\"_ _34\"></span>,<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _363\"> </span></span>Addi<span class=\"_ _0\"></span>tion<span class=\"_ _0\"></span>al cons<span class=\"_ _0\"></span>ider<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>n payabl<span class=\"_ _0\"></span>e to date of compl<span class=\"_ _0\"></span>etio<span class=\"_ _0\"></span>n (daily tic<span class=\"_ _0\"></span>ker rate)<span class=\"_ _234\"> </span><span class=\"ls1a ws7d\">20,<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>85<span class=\"_ _363\"> </span></span>Ot<span class=\"_ _0\"></span>her a<span class=\"_ _0\"></span>djusti<span class=\"_ _0\"></span>ng items u<span class=\"_ _0\"></span>pon c<span class=\"_ _0\"></span>omp<span class=\"_ _0\"></span>leti<span class=\"_ _0\"></span>on<span class=\"_ _2e2\"> </span><span class=\"ls8b ws7c\">220<span class=\"_ _363\"> </span></span>602,30<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>Ne<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>sh i<span class=\"_ _0\"></span>nf<span class=\"_ _0\"></span>low o<span class=\"_ _0\"></span>n dis<span class=\"_ _0\"></span>po<span class=\"_ _0\"></span>sa<span class=\"_ _0\"></span>l of Gr<span class=\"_ _0\"></span>ou<span class=\"_ _0\"></span>p bu<span class=\"_ _0\"></span>si<span class=\"_ _0\"></span>nes<span class=\"_ _0\"></span>se<span class=\"_ _0\"></span>s<span class=\"_ _363\"> </span>Cash c<span class=\"_ _0\"></span>onsid<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ion re<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>ived an<span class=\"_ _0\"></span>d set<span class=\"_ _0\"></span>tl<span class=\"_ _0\"></span>eme<span class=\"_ _0\"></span>nt of interco<span class=\"_ _0\"></span>mpany bal<span class=\"_ _0\"></span>anc<span class=\"_ _0\"></span>es<span class=\"_ _19a\"> </span><span class=\"ls6e ws10\">602,30<span class=\"_ _0\"></span>8<span class=\"_ _363\"> </span></span>Cash disposed with Group<span class=\"_ _4\"></span> businesses<span class=\"_ _221\"> </span><span class=\"lsdd ws3b\">(<span class=\"_ _3\"></span>10<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>7<span class=\"_ _3\"></span>7<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>498,530<span class=\"_ _363\"> </span>T<span class=\"_ _2\"></span>otal \u00a3\u2019000<span class=\"_ _363\"> </span>Amounts recognised in t<span class=\"_ _4\"></span>he period wit<span class=\"_ _4\"></span>hin discontinued<span class=\"_ _2\"></span> o<span class=\"_ _0\"></span>perations<span class=\"_ _363\"> </span>Gross pro<span class=\"_ _4\"></span>fit on disposal of<span class=\"_ _2\"></span> G<span class=\"_ _0\"></span>roup businesses<span class=\"_ _1a1\"> </span><span class=\"lsdf wsd6\">12<span class=\"_ _3\"></span>5<span class=\"_ _3\"></span>,11<span class=\"_ _0\"></span>6<span class=\"_ _363\"> </span></span>Disposal costs*<span class=\"_ _2e3\"> </span><span class=\"ls8a ws7b\">(1<span class=\"_ _37\"></span>1<span class=\"_ _2\"></span>,945)<span class=\"_ _363\"> </span></span>Net p<span class=\"_ _0\"></span>rofit o<span class=\"_ _0\"></span>n dispo<span class=\"_ _0\"></span>sal of Grou<span class=\"_ _0\"></span>p busine<span class=\"_ _0\"></span>sses<span class=\"_ _207\"> </span><span class=\"lsdf wsd6\">11<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>17<span class=\"_ _3\"></span>1<span class=\"_ _363\"> </span></span>Resul<span class=\"_ _0\"></span>t for the p<span class=\"_ _0\"></span>eri<span class=\"_ _0\"></span>od fr<span class=\"_ _0\"></span>om disc<span class=\"_ _0\"></span>ontin<span class=\"_ _0\"></span>ued o<span class=\"_ _0\"></span>per<span class=\"_ _0\"></span>atio<span class=\"_ _0\"></span>ns<span class=\"_ _2e4\"> </span><span class=\"lsdd ws3b\">2<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>1<span class=\"_ _363\"> </span></span>1<span class=\"_ _2\"></span>34,4<span class=\"_ _2\"></span>22<span class=\"_ _363\"> </span>*  <span class=\"_ _32\"> </span>D<span class=\"_ _0\"></span>isp<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>al co<span class=\"_ _0\"></span>sts i<span class=\"_ _0\"></span>ncl<span class=\"_ _0\"></span>ud<span class=\"_ _0\"></span>e profe<span class=\"_ _0\"></span>ssi<span class=\"_ _0\"></span>ona<span class=\"_ _0\"></span>l fee<span class=\"_ _0\"></span>s of \u00a34.9 mi<span class=\"_ _0\"></span>llio<span class=\"_ _0\"></span>n, l<span class=\"_ _0\"></span>eg<span class=\"_ _0\"></span>al fe<span class=\"_ _0\"></span>es of \u00a31.0 milli<span class=\"_ _0\"></span>on<span class=\"_ _0\"></span>, ven<span class=\"_ _0\"></span>do<span class=\"_ _0\"></span>r fi<span class=\"_ _0\"></span>nan<span class=\"_ _0\"></span>cial<span class=\"_ _0\"></span>, ta<span class=\"_ _0\"></span>x &amp; I<span class=\"_ _0\"></span>T due d<span class=\"_ _0\"></span>ilig<span class=\"_ _0\"></span>en<span class=\"_ _0\"></span>ce fe<span class=\"_ _0\"></span>es of \u00a3<span class=\"_ _0\"></span>0.9 mill<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n, pr<span class=\"_ _0\"></span>op<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d co<span class=\"_ _0\"></span>sts of <span class=\"ls2\"> </span>\u00a30.<span class=\"_ _0\"></span>3 mill<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>n and \u00a34<span class=\"_ _0\"></span>.8 m<span class=\"_ _0\"></span>illi<span class=\"_ _0\"></span>on of ot<span class=\"_ _0\"></span>her c<span class=\"_ _0\"></span>os<span class=\"_ _0\"></span>ts re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>d to the d<span class=\"_ _0\"></span>ive<span class=\"_ _0\"></span>stm<span class=\"_ _0\"></span>ent of t<span class=\"_ _0\"></span>he b<span class=\"_ _0\"></span>usin<span class=\"_ _0\"></span>es<span class=\"_ _0\"></span>s.<span class=\"_ _363\"> </span>27<span class=\"_ _2\"></span>. <span class=\"_ _38\"> </span>Acquisition &amp; Disposal<span class=\"_ _4\"></span>s of Subsidiary Undertakings and Businesses<span class=\"_ _2\"></span><span class=\"ff85 ls9d ws54\"> c<span class=\"_ _0\"></span>ontinu<span class=\"_ _0\"></span>ed<span class=\"_ _363\"> </span></span>Disposal of<span class=\"_ _2\"></span> Subsidiar<span class=\"_ _0\"></span>y Undertakings and Business<span class=\"_ _2\"></span>es<span class=\"ff85 ls36 wsf\"> conti<span class=\"_ _0\"></span>nued<span class=\"_ _363\"> </span></span>Profit<span class=\"_ _2\"></span> b<span class=\"_ _0\"></span>efore tax<span class=\"_ _2\"></span>ation from discontinued operations<span class=\"_ _363\"> </span>Cash flow<span class=\"_ _2\"></span>s from discontinued operations<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Net c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>low fro<span class=\"_ _0\"></span>m ope<span class=\"_ _0\"></span>ratin<span class=\"_ _0\"></span>g acti<span class=\"_ _0\"></span>viti<span class=\"_ _0\"></span>es<span class=\"_ _18d\"> </span><span class=\"ls36 wsf\">36,592<span class=\"_ _363\"> </span></span>Net c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>low fro<span class=\"_ _0\"></span>m investin<span class=\"_ _0\"></span>g acti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>ies<span class=\"_ _1e2\"> </span><span class=\"ls106 wsf9\">(<span class=\"_ _2\"></span>3,346<span class=\"_ _2\"></span>)<span class=\"_ _363\"> </span></span>Net c<span class=\"_ _0\"></span>ash f<span class=\"_ _0\"></span>low fro<span class=\"_ _0\"></span>m fin<span class=\"_ _0\"></span>ancin<span class=\"_ _0\"></span>g acti<span class=\"_ _0\"></span>vit<span class=\"_ _0\"></span>ies<span class=\"_ _2e5\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _0\"></span>,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>Ne<span class=\"_ _0\"></span>t ca<span class=\"_ _0\"></span>sh f<span class=\"_ _0\"></span>low f<span class=\"_ _0\"></span>rom d<span class=\"_ _0\"></span>is<span class=\"_ _0\"></span>co<span class=\"_ _0\"></span>nti<span class=\"_ _0\"></span>nu<span class=\"_ _0\"></span>ed o<span class=\"_ _0\"></span>pe<span class=\"_ _0\"></span>ra<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>ns<span class=\"_ _213\"> </span><span class=\"ff84 ws77\">2<span class=\"_ _0\"></span>8,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>52<span class=\"_ _363\"> </span></span>Profit<span class=\"_ _2\"></span> b<span class=\"_ _0\"></span>efore tax<span class=\"_ _2\"></span>ation from discontinued operations<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Resul<span class=\"_ _0\"></span>ts from d<span class=\"_ _0\"></span>isco<span class=\"_ _0\"></span>ntinue<span class=\"_ _0\"></span>d op<span class=\"_ _0\"></span>erat<span class=\"_ _0\"></span>ions<span class=\"_ _1e2\"> </span><span class=\"ls3e ws35\">30<span class=\"_ _0\"></span>,675<span class=\"_ _363\"> </span></span>Profi<span class=\"_ _0\"></span>t on disp<span class=\"_ _0\"></span>osal of Gro<span class=\"_ _0\"></span>up busi<span class=\"_ _0\"></span>ness<span class=\"_ _0\"></span>es, n<span class=\"_ _0\"></span>et of dispo<span class=\"_ _0\"></span>sal co<span class=\"_ _0\"></span>sts<span class=\"_ _2e6\"> </span><span class=\"lsdf wsd6\">113<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>17<span class=\"_ _34\"></span>1<span class=\"_ _363\"> </span></span>Profit before taxation from<span class=\"_ _2\"></span> disco<span class=\"_ _0\"></span>ntinued operations<span class=\"_ _2e7\"> </span><span class=\"ff84 lse8 wsde\">14<span class=\"_ _3\"></span>3<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _34\"></span>4<span class=\"_ _3\"></span>6<span class=\"_ _363\"> </span></span>Results o<span class=\"_ _2\"></span>f Discontinued Operations<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 \u00a3\u2019000<span class=\"_ _363\"> </span>Rev<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>nue<span class=\"_ _2e8\"> </span><span class=\"ff84 lsc0 ws9a\">522,89<span class=\"_ _2\"></span>5<span class=\"_ _363\"> </span></span>Operating costs <span class=\"_ _2e9\"> </span><span class=\"lsef ws12e\">(49<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>3)<span class=\"_ _363\"> </span></span>Operating profit before<span class=\"_ _2\"></span> proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y profits<span class=\"_ _1e0\"> </span><span class=\"ff84 ls36 wsf\">29,022<span class=\"_ _363\"> </span></span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y prof<span class=\"_ _0\"></span>its<span class=\"_ _2ea\"> </span><span class=\"ls6e ws10\">396<span class=\"_ _363\"> </span></span>Operating profit pre-exceptional<span class=\"_ _4\"></span> items<span class=\"_ _22b\"> </span><span class=\"ff84 lsdd ws3b\">2<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>18<span class=\"_ _363\"> </span></span>E<span class=\"_ _0\"></span>xce<span class=\"_ _0\"></span>ptio<span class=\"_ _0\"></span>nal ite<span class=\"_ _0\"></span>ms*<span class=\"_ _2eb\"> </span><span class=\"ls12a wsab\">2,500<span class=\"_ _363\"> </span></span>Operating profit<span class=\"_ _2e3\"> </span><span class=\"ff84 lsdd ws3b\">3<span class=\"_ _0\"></span>1,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>18<span class=\"_ _363\"> </span></span>Net f<span class=\"_ _0\"></span>inan<span class=\"_ _0\"></span>ce c<span class=\"_ _0\"></span>osts<span class=\"_ _2da\"> </span><span class=\"lsdd ws3b\">(1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>4<span class=\"_ _3\"></span>3<span class=\"_ _0\"></span>)<span class=\"_ _363\"> </span></span>Pro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>x<span class=\"_ _2ec\"> </span><span class=\"ff84 ls3e ws35\">30<span class=\"_ _0\"></span>,675<span class=\"_ _363\"> </span></span>Income tax<span class=\"_ _2ed\"> </span><span class=\"lsa2 ws97\">(9,<span class=\"_ _0\"></span>424)<span class=\"_ _363\"> </span></span>Pro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r ta<span class=\"_ _0\"></span>x fo<span class=\"_ _0\"></span>r the f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d<span class=\"_ _2ee\"> </span><span class=\"ff84 lsdd ws3b\">2<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>1<span class=\"_ _363\"> </span></span>*  <span class=\"_ _32\"> </span>E<span class=\"_ _0\"></span>xc<span class=\"_ _0\"></span>ep<span class=\"_ _0\"></span>tio<span class=\"_ _0\"></span>nal i<span class=\"_ _0\"></span>tems a<span class=\"_ _0\"></span>t 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>mb<span class=\"_ _0\"></span>er 2<span class=\"_ _0\"></span>021 re<span class=\"_ _0\"></span>late<span class=\"_ _0\"></span>s to an IA<span class=\"_ _0\"></span>S 19 past s<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>v<span class=\"_ _0\"></span>ic<span class=\"_ _0\"></span>e cre<span class=\"_ _0\"></span>dit b<span class=\"_ _0\"></span>oo<span class=\"_ _0\"></span>ked i<span class=\"_ _0\"></span>n 20<span class=\"_ _0\"></span>20 (N<span class=\"_ _0\"></span>ote 30).<span class=\"_ _0\"></span> Th<span class=\"_ _0\"></span>e tradin<span class=\"_ _0\"></span>g resul<span class=\"_ _0\"></span>ts for 20<span class=\"_ _0\"></span>21 is set ou<span class=\"_ _0\"></span>t bel<span class=\"_ _0\"></span>ow.<span class=\"_ _363\"> </span>Trading Res<span class=\"_ _2\"></span>ul<span class=\"_ _0\"></span>ts<span class=\"_ _363\"> </span>For t<span class=\"_ _0\"></span>he yea<span class=\"_ _0\"></span>r e<span class=\"_ _0\"></span>nd<span class=\"_ _0\"></span>ed 31 De<span class=\"_ _0\"></span>ce<span class=\"_ _0\"></span>m<span class=\"_ _0\"></span>be<span class=\"_ _0\"></span>r 2021<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21<span class=\"_ _363\"> </span>Continuing \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 Discon<span class=\"_ _4\"></span>tinued<span class=\"_ _2\"></span> \u00a3\u2019000<span class=\"_ _363\"> </span>20<span class=\"_ _0\"></span>21 To<span class=\"_ _0\"></span>t<span class=\"_ _3\"></span>a<span class=\"_ _0\"></span>l<span class=\"_ _3\"></span> \u00a3\u2019000<span class=\"_ _363\"> </span>Rev<span class=\"_ _2\"></span>e<span class=\"_ _0\"></span>nue<span class=\"_ _1ae\"> </span><span class=\"ff84 ls2c ws14\">2,<span class=\"_ _2\"></span>1<span class=\"_ _5\"></span>09,909<span class=\"_ _96\"> </span><span class=\"lsc0 ws9a\">522,895<span class=\"_ _dc\"> </span>2,632,804<span class=\"_ _363\"> </span></span></span>Operating costs<span class=\"_ _22e\"> </span><span class=\"ls1f wsc\">(<span class=\"_ _2\"></span>1<span class=\"_ _2\"></span>,<span class=\"_ _0\"></span>857<span class=\"_ _5\"></span>,4<span class=\"_ _0\"></span>87)<span class=\"_ _40\"> </span><span class=\"lsef ws12e\">(4<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>3<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>8<span class=\"_ _0\"></span>7<span class=\"_ _0\"></span>3)<span class=\"_ _c8\"> </span><span class=\"ls4e ws45\">(<span class=\"_ _2\"></span>2,351<span class=\"_ _5\"></span>,360<span class=\"_ _2\"></span>)<span class=\"_ _363\"> </span></span></span></span>Operating profit before<span class=\"_ _2\"></span> proper<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y profits<span class=\"_ _239\"> </span><span class=\"ff84 lsc0 ws9a\">2<span class=\"_ _2\"></span>52,4<span class=\"_ _2\"></span>22<span class=\"_ _c4\"> </span><span class=\"ls36 wsf\">29,022<span class=\"_ _b4\"> </span><span class=\"ls162 ws17d\">2<span class=\"_ _2\"></span>81<span class=\"_ _5\"></span>,<span class=\"_ _4\"></span>444<span class=\"_ _363\"> </span></span></span></span>Prop<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>t<span class=\"_ _0\"></span>y prof<span class=\"_ _0\"></span>its<span class=\"_ _205\"> </span><span class=\"ls14e ws15e\">1<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>,<span class=\"_ _0\"></span>74<span class=\"_ _34\"> </span>0<span class=\"_ _1c\"> </span><span class=\"ls6e ws10\">396<span class=\"_ _141\"> </span><span class=\"ls143 ws151\">1<span class=\"_ _0\"></span>7,1<span class=\"_ _0\"></span>3<span class=\"_ _3\"></span>6<span class=\"_ _363\"> </span></span></span></span>Operating profit before<span class=\"_ _2\"></span> exceptional items<span class=\"_ _2ef\"> </span><span class=\"ff84 ls132 ws146\">2<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,16<span class=\"_ _3\"></span>2<span class=\"_ _63\"> </span><span class=\"lsdd ws3b\">2<span class=\"_ _3\"></span>9<span class=\"_ _0\"></span>,<span class=\"_ _3\"></span>4<span class=\"_ _0\"></span>18<span class=\"_ _b4\"> </span><span class=\"ls12a wsab\">298,580<span class=\"_ _363\"> </span></span></span></span>E<span class=\"_ _0\"></span>xception<span class=\"_ _0\"></span>al items<span class=\"_ _20c\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _6e\"> </span><span class=\"ls12a wsab\">2,500<span class=\"_ _46\"> </span>2,500<span class=\"_ _363\"> </span></span></span>Operating profit<span class=\"_ _15a\"> </span><span class=\"ff84 ls132 ws146\">2<span class=\"_ _0\"></span>6<span class=\"_ _3\"></span>9<span class=\"_ _3\"></span>,16<span class=\"_ _0\"></span>2<span class=\"_ _141\"> </span><span class=\"lsdd ws3b\">31<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>18<span class=\"_ _db\"> </span>3<span class=\"_ _0\"></span>0<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>8<span class=\"_ _0\"></span>0<span class=\"_ _363\"> </span></span></span>Finan<span class=\"_ _4\"></span>ce expen<span class=\"_ _2\"></span>se<span class=\"_ _15a\"> </span><span class=\"lsdd ws3b\">(<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _3\"></span>6<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>)<span class=\"_ _5d\"> </span>(<span class=\"_ _3\"></span>1,<span class=\"_ _0\"></span>2<span class=\"_ _0\"></span>4<span class=\"_ _34\"></span>3)<span class=\"_ _21\"> </span><span class=\"lsc0 ws9a\">(<span class=\"_ _2\"></span>22,51<span class=\"_ _5\"></span>2)<span class=\"_ _363\"> </span></span></span>Finance inc<span class=\"_ _0\"></span>ome<span class=\"_ _2f0\"> </span><span class=\"lsdd ws3b\">1,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>4<span class=\"_ _128\"> </span><span class=\"ls2 ws0\">\u2013<span class=\"_ _a3\"> </span></span>1,<span class=\"_ _0\"></span>9<span class=\"_ _3\"></span>0<span class=\"_ _3\"></span>4<span class=\"_ _363\"> </span></span>Pro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t be<span class=\"_ _0\"></span>for<span class=\"_ _0\"></span>e ta<span class=\"_ _0\"></span>x<span class=\"_ _f6\"> </span><span class=\"ff84 ls144 ws152\">24<span class=\"_ _0\"></span>9,7<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>7<span class=\"_ _76\"> </span><span class=\"ls3e ws35\">3<span class=\"_ _0\"></span>0,<span class=\"_ _0\"></span>675<span class=\"_ _db\"> </span><span class=\"ls14 wsb9\">280<span class=\"_ _0\"></span>,472<span class=\"_ _363\"> </span></span></span></span>Inco<span class=\"_ _0\"></span>me ta<span class=\"_ _0\"></span>x ex<span class=\"_ _0\"></span>pens<span class=\"_ _0\"></span>e<span class=\"_ _2f1\"> </span><span class=\"lsef ws12e\">(42<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>9<span class=\"_ _0\"></span>52<span class=\"_ _0\"></span>)<span class=\"_ _5d\"> </span><span class=\"lsa2 ws97\">(9,<span class=\"_ _0\"></span>424)<span class=\"_ _b0\"> </span></span></span><span class=\"ws77\">(52<span class=\"_ _0\"></span>,<span class=\"_ _0\"></span>376)<span class=\"_ _363\"> </span></span>Pro<span class=\"_ _0\"></span>fi<span class=\"_ _0\"></span>t af<span class=\"_ _0\"></span>te<span class=\"_ _0\"></span>r ta<span class=\"_ _0\"></span>x fo<span class=\"_ _0\"></span>r the f<span class=\"_ _0\"></span>in<span class=\"_ _0\"></span>an<span class=\"_ _0\"></span>ci<span class=\"_ _0\"></span>al p<span class=\"_ _0\"></span>er<span class=\"_ _0\"></span>io<span class=\"_ _0\"></span>d<span class=\"_ _1c2\"> </span><span class=\"ff84 ls8b ws7c\">206,8<span class=\"_ _0\"></span>4<span class=\"_ _0\"></span>5<span class=\"_ _126\"> </span><span class=\"lsdd ws3b\">2<span class=\"_ _0\"></span>1,<span class=\"_ _3\"></span>2<span class=\"_ _0\"></span>5<span class=\"_ _0\"></span>1<span class=\"_ _b0\"> </span><span class=\"ls20 ws19\">228<span class=\"_ _0\"></span>,096<span class=\"_ _363\"> </span></span></span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSignificantInvestmentsInSubsidiariesExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-639": {
   "value": "28.  Reconciliation of Net Cash Flow to Movement in Net Cash 2022 \u00a3\u2019000 2021 \u00a3\u2019000 Net (decrease)/increase in cash and cash equivalents (142,780) 399,155 Net movement in derivative financial instruments (21) 57 Lease liabilities disposed with Group businesses \u2013 67,10 0 Bank loans and loan notes acquired with subsidiaries* \u2013 (55,647) Lease liabilities acquired with subsidiaries (2,745) (24,192) Movement in debt and lease financing 30,981 84,863 Change in net (debt)/cash resulting from cash flows (114,565) 471,336 Translation adjustment (15,578) 22,695 Movement in net debt in the year (130,143) 494,031 Net cash/(debt) at 1 January 139,030 (355,001) Net cash at 31 December 8,887 139,030 *   Repaid at completion. Analysis of Net Debt \u2013 2022 Balance 1 Jan 22 \u00a3\u2019000 Cashflow \u00a3\u2019000 Acquisition (Note 27) \u00a3\u2019000 Non-cash movements \u00a3\u2019000 Translation adjustment \u00a3\u2019000 Balance 31 Dec 22 \u00a3\u2019000 Cash and cash equivalents 844,663 (148,659) 5,879 \u2013 9,838 711,721 Interest bearing loans and borrowings: Non-current liabilities (172,601) (68,763) \u2013 \u2013 (12,138) (253,502) Current liabilities (84,030) 85,950 \u2013 \u2013 (1,920) \u2013 Total interest-bearing loans and borrowings (256,631) 17,187 \u2013 \u2013 (14,058) (253,502) Lease liabilities (448,994) 72,997 (2,745) (59,203) (11, 358) (449,303) Derivatives \u2013 current (8) (21) \u2013 \u2013 \u2013 (29) Net cash/(debt) 139,030 (58,496) 3,134 (59,203) (15,578) 8,887 Analysis of Net Debt \u2013 2021 Balance 1 Jan 21 \u00a3\u2019000 Cashflow \u00a3\u2019000 Acquisition (Note 27) \u00a3\u2019000 Disposals (Note 27) \u00a3\u2019000 Non-cash movements \u00a3\u2019000 Translation adjustment \u00a3\u2019000 Balance 31 Dec 21 \u00a3\u2019000 Cash and cash equivalents 456,028 490,537 12,396 (103,778) \u2013 (10,520) 844,663 Interest bearing loans and borrowings: Non-current liabilities (274,030) 140,087 (55,647) \u2013 \u2013 16,989 (172,601) Current liabilities \u2013 (84,980) \u2013 \u2013 \u2013 950 (84,030) Total interest-bearing loans and borrowings (274,030) 55,107 (55,647) \u2013 \u2013 17,939 (256,631) Lease liabilities (536,934) 72,165 (24,192) 67,100 (42,409) 15,276 (448,994) Derivatives \u2013 current (65) 57 \u2013 \u2013 \u2013 \u2013 (8) Net cash/(debt) (355,001) 617, 866 (67,4 4 3) (36,678) (42,409) 22,695 139,030 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-640": {
   "value": "29.  Capital Expenditure Commitments At the year end the following commitments authorised by the Board had not been provided for in the financial statements: 2022 \u00a3\u2019000 2021 \u00a3\u2019000 Contracted for 16,933 8,625 Not contracted for 53,017 76,742 69,950 85,367 Capital expenditure commitments are analysed by geography in the table below: 2022 \u00a3\u2019000 2021 \u00a3\u2019000 UK 34,344 54,265 Ireland 23,465 20,547 Netherlands 9,181 7,249 Finland 2,960 3,306 69,950 85,367 Amounts relating to intangibles included above  8,851 2,788 ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-641": {
   "value": "30.  Pension Commitments A number of defined benefit and defined contribution pension schemes are operated by the Group and the assets of the schemes are held in separate trustee administered funds. The actuarial reports are not available for public inspection. IAS 19 \u2013 Employee Benefits The Group operates three defined benefit schemes in Ireland and one defined benefit scheme in the UK (the \u201cDB Schemes\u201d). One scheme in the UK was closed in 2020. All schemes are closed to new entrants. The one remaining UK scheme was also closed to future accrual of DB benefits during 2020. In November 2022, an Irish scheme was closed to future accrual of DB benefits. The DB Schemes are administered by trusts that are legally separated from the Group. The trustees of the DB Schemes are required by law to act in the interest of the members of the DB Schemes. The trustees of the DB Schemes are responsible for the investment policy of the schemes. The Group also provides other long term benefits to qualifying employees in the Netherlands which are unfunded and included in the liabilities shown. Under the DB Schemes, the employees are entitled to receive an annual payment on attainment of normal retirement age, which in Ireland is 67 or 68 depending on year of birth and in the UK is age 65 for the majority of benefits. The level of benefit payable depends on length of service. In the case of schemes still open to accrual, it also depends on a member\u2019s final pensionable salary and in the case of schemes closed to accrual, it depends on future revaluation from the date members ceased accruing benefits up to retirement. Salary for pension purposes is integrated with the State Pension. The DB Schemes provide post retirement pension increases in the UK only and spouse\u2019s death in retirement pensions in both Ireland and the UK. No other post-retirement benefits are provided to employees. Defined Benefit Pension Schemes \u2013 Principal Risks Through its defined benefit pension schemes the Group is exposed to a number of risks the most significant of which are detailed below: Asset Volatility Under IFRS the assets of the Group\u2019s defined benefit pension schemes are reported at fair value. The majority of the schemes\u2019 assets comprise of equities, bonds and property all of which may fluctuate significantly from one reporting period to the next. Discount Rates The discount rates used in calculating the present value of scheme liabilities are determined by reference to market yields at the balance sheet date of high quality corporate bonds consistent with the currency and term of the retirement benefit obligations. Changes to the discount rates can have a very significant impact on the amount of defined benefit scheme liabilities. Salary and Price Inflation Some of the Group\u2019s pension obligations are salary and inflation linked. Higher salary and price inflation will lead to higher liabilities. The exposure to inflation risk relates to the granting of inflation linked pension increases in the UK and also to revaluation of deferred benefits in both the UK and Ireland. Longevity Risk In the majority of cases the Group\u2019s defined benefit pension schemes provide benefits for life. Increases in life expectancy will therefore give rise  to higher liabilities. The nature of these risks is not materially different across all schemes with the exception of salary and price inflation risks which differ between  the UK and Ireland. Financial Assumptions The financial assumptions used to calculate the retirement benefit liabilities under IAS 19 were as follows: At 31 Dec 2022 Irish schemes At 31 Dec 2022 UK schemes At 31 Dec 2021 Irish schemes At 31 Dec 2021 UK schemes Valuation method Projected Unit Projected Unit Projected Unit Projected Unit Rate of increase in salaries* 3.80% N/A 3.30% N/A Rate of increase of pensions in payment \u2013 3.10% \u2013 3.10% Rate of revaluation of non-retired member benefits up to retirement* 2.45%-2.50% 2.60% 2.00% 2.70% Discount rate 3.70% 4.80% 1.15% 1.90% Inflation rate increase 2.60% 2.60%/3.20%** 2.10% 2.70%/3.30%** *   Following the closure to accrual of the UK scheme and one of the Irish schemes, benefits in those schemes are no longer linked to final salary. Instead, accrued benefits up to the date of closure revalue in line with inflation, subject to certain caps. The assumption for the rate of increase in salaries shown at 31 December 2022 for the Irish Schemes only applies to the schemes that were still open to accrual at that date. **   The inflation assumption shown for the UK is based on both the Consumer Price Index (CPI) and the Retail Price Index (RPI). 30.  Pension Commitments continued The future life expectancy at age 65 for males and females (currently aged 55 and 65), inherent in the mortality tables used for the 2022 and 2021  year end IAS 19 disclosures are as follows: 2022 Mortality (years) Ireland UK 2021 Mortality (years) Ireland UK Future Pensioner aged 65: Male 23.3 21.5 Future Pensioner aged 65: Male 23.0 21.4 Female 25.9 24.1 Female 25.2 24.1 Current Pensioner aged 65: Male 22.6 20.9 Current Pensioner aged 65 Male 21.8 20.9 Female 25.0 23.4 Female 24.2 23.3 Scheme Assets The assets in these schemes are analysed below: % 2022  \u00a3\u2019000 % 2021  \u00a3\u2019000 UK equities 1 2,174 1 3,656 Overseas (non-UK) equities 18 34,614 21 60,574 Government bonds 27 51,619 23 65,218 Corporate bonds 18 33,763 18 50,563 Property 1 2,536 1 4,959 Diversified growth funds 23 45,104 23 64,337 Liability driven investment (\u201cLDI\u201d) 11 20,381 12 33,349 Cash 1 2,107 1 1,049 100 192,298 100 283,705 Actuarial value of liabilities (202,782) (295,176) Deficit in the schemes (10,484) (11,471) Represented by: Retirement benefit assets  4,584 3,596 Retirement benefit obligations (15,068) (15,067) (10,484) (11,471) The net pension scheme deficit of \u00a310,484,000 is shown in the Group balance sheet at 31 December 2022 as (i) retirement benefit obligations  (non-current Liabilities) of \u00a315,068,000 of which \u00a314,236,000 relates to a UK scheme and \u00a3832,000 relates to a Euro scheme and (ii) retirement benefit assets (non-current assets) of \u00a34,584,000 relating to the other Euro schemes. The net pension scheme deficit of \u00a311,471,000 is shown in the Group balance sheet at 31 December 2021 as (i) retirement benefit obligations  (non-current Liabilities) of \u00a315,067,000 of which \u00a314,379,000 relates to the Euro schemes and \u00a3688,000 relates to a UK scheme and (ii) retirement benefit assets (non-current assets) of \u00a33,596,000 relating to another Euro scheme. The retirement benefit assets have been recognised in accordance with IFRIC 14 \u2018The Limit on a Defined Benefit Asset, Minimum Funding  Requirements and their Interaction\u2019 as it has been determined that the Group has an unconditional right to a refund of the surplus assets if the  schemes are run off until the last member has left the scheme. The actual return on plan assets is set out below: 2022  \u00a3\u2019000 2021  \u00a3\u2019000 Actual return on plan assets (93,329) 13,753 Plan assets are comprised as follows: 2022 Quoted* \u00a3\u2019000 2022 Unquoted \u00a3\u2019000 2022 Total \u00a3\u2019000 2021 Quoted \u00a3\u2019000 2021 Unquoted \u00a3\u2019000 2021 Total \u00a3\u2019000 Equity \u2013 UK 2,174 \u2013 2,174 3,656 \u2013 3,656 Equity \u2013 Other 34,614 \u2013 34,614 60,574 \u2013 60,574 Bonds \u2013 Government 51,619 \u2013 51,619 65,218 \u2013 65,218 Bonds \u2013 Corporate 33,763 \u2013 33,763 50,563 \u2013 50,563 Property 2,536 \u2013 2,536 4,959 \u2013 4,959 Cash 2,107 \u2013 2,107 1,049 \u2013 1,049 Diversified growth funds 45,104 \u2013 45,104 64,337 \u2013 64,337 LDI 20,381 \u2013 20,381 33,349 \u2013 33,349 Total 192,298 \u2013 192,298 283,705 \u2013 283,705 *  Assets are holdings in unitised funds where the underlying assets are liquid/quoted investments. 30.  Pension Commitments continued Sensitivity of Pension Liability to Judgements/Assumptions Assumption Change in Assumptions Impact on Scheme Liabilities Discount rate Increase by 0.25% Reduce by 3.4% Rate of salary growth Increase by 0.25% Increase by 0.1% Rate of inflation* Increase by 0.25% Increase by 1.5% Life expectancy Increase by 1 year Increase by 3.1% *   Assumed that an increase of 0.25% in the inflation assumption would also give rise to an increase in the salary increase assumption of 0.25%. The above sensitivity analysis is derived through changing an individual assumption while holding all other assumptions constant. The following table provides a reconciliation of the scheme assets (at bid value) and the actuarial value of scheme liabilities: Year Ended 31 December Assets Liabilities Net asset/(deficit) 2022 \u00a3\u2019000 2021 \u00a3\u2019000 2022 \u00a3\u2019000 2021 \u00a3\u2019000 2022 \u00a3\u2019000 2021 \u00a3\u2019000 At 1 January 283,705 263,604 (295,176) (314,188) (11,471) (50,584) Interest income on plan assets 4,519 2,836 \u2013 \u2013 4,519 2,836 Contributions by employer 4,413 24,082 \u2013 \u2013 4,413 24,082 Contributions by members 458 469 (458) (469) \u2013 \u2013 Benefit payments (8,812) (9,128) 8,812 9,128 \u2013 \u2013 Current service cost \u2013 \u2013 (1,962) (2,359) (1,962) (2,359) Past service credit \u2013 discontinued (Note 27) \u2013 \u2013 \u2013 2,500 \u2013 2,500 Curtailment gain \u2013 non-recurring \u2013 \u2013 3,690 \u2013 3,690 \u2013 Other long term credit/(expense) \u2013 \u2013 9 (191) 9 (191) Interest cost on scheme liabilities \u2013 \u2013 (4,627) (3,219) (4,627) (3,219) Administration costs \u2013 (382) \u2013 \u2013 \u2013 (382) Remeasurements Actuarial (loss) / gain arising from \u2013 experience variations \u2013 \u2013 (2,369) 1,131 (2,369) 1,131 \u2013 financial assumptions \u2013 \u2013 98,087 1,992 98,087 1,992 \u2013 demographic assumptions \u2013 \u2013 (2,910) 846 (2,910) 846 Return on plan assets excluding interest income (97,848) 10,917 \u2013 \u2013 (97,848) 10,917 Translation adjustment 5,863 (8,693) (5,878) 9,653 (15) 960 At 31 December 192,298 283,705 (202,782) (295,176) (10,484) (11,471) Related deferred tax asset (net) 3,201 1,636 Net pension liability (7,283) (9,835) (Credit)/Expense Recognised in Income Statement 2022 \u00a3\u2019000 2021 \u00a3\u2019000 Current service cost 1,962 2,359 Curtailment gain \u2013 non-recurring  (3,690) \u2013 Other long term benefit (credit)/expense (9) 191 Administration costs \u2013 382 Total operating (credit)/charge (1,737) 2,932 Net finance costs on pension scheme obligations 108 383 Total (credit)/expense recognised in income statement (1,629) 3,315 A non-recurring curtailment gain of \u00a33.7 million arose on closure to future accrual of a defined benefit pension scheme in Ireland. 30.  Pension Commitments continued (Credit) Recognised in Exceptional Items in 2021 \u2013 discontinued 2021  \u00a3\u2019000 Past service (credit)/cost (2,500) Administration costs (non-recurring) \u2013 Total (credit) recognised in exceptional items in 2021 (2,500) The Group retained responsibility for the UK defined benefit pension scheme following the divestment of the traditional merchanting business in  Great Britain. This scheme was closed to future accrual at the end of 2020 when alternative arrangements were put in place. This increased the scheme liabilities by \u00a32.5 million as 89 members who were previously active but not receiving increases to pensionable salary will now receive deferred revaluations. As part of the closure process, one-off costs of \u00a30.6 million were incurred and a further \u00a35.0 million increase in liability was  recognised in exceptional items. These all related to the traditional merchanting business in Great Britain which was disposed in 2021. During 2021, this increase in liability was reduced to \u00a32.5 million following an exercise undertaken by the Group to contractually settle a  disputed benefit with impacted members of the scheme. Consequently, a credit of \u00a32.5 million has been recognised in exceptional items of  discontinued operations (Note 27) and a charge of \u00a31.1 million was recognised in the gross profit on disposal of the traditional merchanting business in Great Britain. Recognised Directly in Other Comprehensive Income 2022  \u00a3\u2019000 2021  \u00a3\u2019000 Remeasurement (loss)/gain on pensions (5,040) 14,886 Deferred tax on pensions 2,558 (3,212) (2,482) 11,674 Actuarial Valuations \u2013 Funding Requirements Where a scheme is open to future accrual, employees pay contributions equal to a percentage of pensionable salary. The percentage payable varies by scheme. Triennial actuarial valuations are carried out to determine the group\u2019s contribution rate required under the schemes. In Ireland, the DB schemes are assessed against the Funding Standard (the statutory minimum funding requirement). All Irish DB schemes are in  funding proposals, agreed in 2013, to address the Funding Standard deficits that existed at that time by the end of 2023. The funding proposals  were agreed between the Group and the trustees of each scheme. An Irish defined benefit pension scheme was closed to future accrual on 30 November 2022 when alternative arrangements were put in place for  350 colleagues. As at 31 December 2022, two Irish DB schemes remained open to accrual.  The portion of contributions due for 2023, which relate to deficit funding in the Irish Schemes, is \u00a32.6 million. An annual assessment is carried out  each year to confirm the funding proposals remain on-track to achieve their funding targets. If a funding proposal is certified as being off-track,  higher contributions may be required to fund the deficits. Valuations as at 1 January 2022 were completed and all funding proposals were certified  as on-track. The next triennial valuations for the Irish schemes are due on 1st January 2025. In the UK, the DB schemes are subject to the Statutory Funding Objective under the Pensions Act 2004. Valuations of the DB Schemes are carried  out at least once every three years to determine whether or not the Statutory Funding Objectives are met. As part of the process, the Group must  agree with the Trustees of the DB Schemes the contributions to be paid to address any shortfalls against the Statutory Funding Objectives and  contributions to pay for future accrual of benefits. The next valuation is due to be carried out for the UK scheme as at 31 December 2023. No explicit external contracts have been entered into to provide liability matching such as longevity swaps or annuity purchase. The contributions expected to be paid to the Group\u2019s defined benefit schemes in 2023 total approximately \u00a34.4 million. Average Duration and Scheme Composition Ireland UK 2022 2021 2022 2021 Average duration of defined benefit obligation (years) 16.00 19.00 14.00 18.00 Allocation of Total Defined Benefit Obligation by Participant 2022 2021 Active plan participants 5% 24% Deferred plan participants 53% 40% Retirees 42% 36% 100% 100% ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-642": {
   "value": "31.  Share Based Payments The Group\u2019s employee share schemes are equity settled share based payments as defined in IFRS 2 Share Based Payments. The total share based payments expense for the year charged to the income statement was \u00a34,719,000 (2021: \u00a35,601,000), analysed as follows: 2022 \u00a3\u2019000 2021 \u00a3\u2019000 LTIP 4,312 4,715 UK SAYE Scheme 407 886 4,719 5,601 Details of the schemes operated by the Group are set out below: Long Term Incentive Plan (\u201cLTIP\u201d) A Long Term Incentive Plan (\u201cLTIP\u201d) was introduced in 2011. Details of the plan are set out in the Report of the Remuneration Committee  on Directors\u2019 Remuneration on pages 133 to 145. Awards over 706,305 Grafton Units were granted under the plan on 1 April 2022  (2021: 683,694 on 17 May 2021). Additional awards over 37,251 Grafton Units were granted on 29 November 2022 to Eric Born on his appointment as CEO. A summary of the awards granted on 1 April 2022 and 29 November 2022 is set out below: Grant date LTIP 2022 29 Nov 2022 LTIP 2022 1 April 2022 LTIP 2021 17 May 2021 Share price at date of award \u00a38.06 \u00a39.93 \u00a312.01 Exercise price N/A N/A N/A Number of employees 1 178 244 Number of share awards 37,251 706,305 683,694 Vesting period 3 years 3 years 3 years Expected volatility 33.1% 48.0% 50.0% Award life 3 years 3 years 3 years Expected life 3 years 3 years 3 years Risk free rate 3.19% 1.43% 0.12% Expected dividends expressed as dividend yield 4.02% 2.32% 2.31% Valuation model \u2013 EPS Black Scholes/ Black Scholes/ Black Scholes/ Valuation model \u2013 TSR Monte-Carlo Monte-Carlo Monte-Carlo Fair value of share award \u2013 EPS component \u00a37.14 \u00a39.26 \u00a311.20 Fair value of share award \u2013 TSR component \u00a32.11 \u00a34.65 \u00a38.32 The expected volatility, referred to above, is based on volatility over the last 3 years. The expected life is equal to the vesting period. The risk free rate of return is the yield on bonds from the Bank of England for a term consistent with the life of the award at the grant date. The fair values of share awards granted under the 2011 plan were determined taking account of peer group total share return volatility together with the above assumptions. A reconciliation of all share awards granted under the LTIP is as follows: 2022 Number 2021 Number Outstanding at 1 January 2,139,304 1,632,706 Granted in year 743,556 683,694 Forfeited# (562,602) (39,073) Expired unvested (68,457) (55,348) Exercised (796,902) (82,675) Outstanding at 31 December 1,454,899 2,139,304 #   Share entitlements forfeited by employees who have left the Group and have no further entitlements under the scheme. Share awards totalling 393,282 were forfeited by Gavin Slark on his resignation as CEO. At 31 December 2022 and 31 December 2021 none of the LTIPs were exercisable as the conditions for exercise were not fulfilled before the year-end. 31.  Share Based Payments continued UK SAYE Scheme Options over 727,248 (2021: 1,169,931) Grafton Units were outstanding at 31 December 2022, pursuant to the 2022 and the existing 2020 and 2019  three year saving contracts under the Grafton Group (UK) plc 2011 Approved SAYE Plan and the Grafton Group plc 2021 SAYE Plan at a price of  \u00a37.93, \u00a35.78 and \u00a36.33 respectively. These options are normally exercisable within a period of six months after the third anniversary of the savings  contract, being June 2025 for the 2022 SAYE scheme, December 2023 for the 2020 SAYE scheme and December 2022 for the 2019 SAYE scheme. The number of Grafton Units issued during the year under the 2017 SAYE scheme was Nil (2021: 210,181) and the total consideration received  amounted to \u00a3Nil (2021: \u00a31,394,000). Options forfeited in the year were Nil (2021: 51,503). The number of Grafton Units issued during the year under the 2018 SAYE Scheme was 81,667 (2021: 242,068) and the total consideration received amounted to \u00a3541,000 (2021: \u00a31,573,000). Options forfeited in the year were 14,597 (2021: 28,887). The number of Grafton Units issued during the year under the 2019 SAYE Scheme was 164,887 (2021: 1,139) and the total consideration received  amounted to \u00a31,019,000 (2021: \u00a37,000). Options forfeited in the year were 51,441 (2021: 46,182). The number of Grafton Units issued during the year under the 2020 SAYE Scheme was 168,157 (2021: Nil) and the total consideration received  amounted to \u00a3968,000 (2021: \u00a3Nil). Options forfeited in the year were 286,128 (2021: 93,656). The number of Grafton Units issued during the year under the 2022 SAYE Scheme was Nil and the total consideration received amounted to \u00a3Nil.  Options forfeited in the year were 41,047. A reconciliation of options granted under the 2017 SAYE is as follows: Number 2021  Option price \u00a3 Outstanding at 1 January 261,684 6.77 Granted \u2013 \u2013 Forfeited (51,503) 6.77 Exercised (210,181) 6.77 Outstanding at 31 December \u2013 A reconciliation of options granted under the 2018 SAYE is as follows: Number 2022 Option price  \u00a3 Number 2021 Option price  \u00a3 Outstanding at 1 January 96,264 6.58 367,219 6.58 Granted \u2013 \u2013 \u2013 \u2013 Forfeited (14,597) 6.58 (28,887) 6.58 Exercised (81,667) 6.58 (242,068) 6.58 Outstanding at 31 December \u2013 96,264 A reconciliation of options granted under the 2019 SAYE is as follows: Number 2022  Option price  \u00a3 Number 2021 Option price  \u00a3 Outstanding at 1 January 252,869 6.33 300,190 6.33 Granted \u2013 \u2013 \u2013 \u2013 Forfeited (51,441) 6.33 (46,182) 6.33 Exercised (164,887) 6.33 (1,139) 6.33 Outstanding at 31 December 36,541 252,869 A reconciliation of options granted under the 2020 SAYE is as follows: Number 2022 Option price  \u00a3 Number 2021  Option price  \u00a3 Outstanding at 1 January 820,798 5.78 914,454 5.78 Granted \u2013 \u2013 \u2013 \u2013 Forfeited (286,128) 5.78 (93,656) 5.78 Exercised (168,157) 5.78 \u2013 5.78 Outstanding at 31 December 366,513 820,798 There were no SAYE grants in 2021. 31.  Share Based Payments continued UK SAYE Scheme continued A reconciliation of options granted under the 2022 SAYE, which was under the Grafton Group plc 2021 SAYE Plan, is as follows: Number 2022 Option price \u00a3 Outstanding at 1 January \u2013 7.93 Granted 365,241 \u2013 Forfeited (41,047) 7.93 Exercised \u2013 7.93 Outstanding at 31 December 324,194 The weighted average share price for the period was \u00a38.76 (2021: \u00a311.68). At 31 December 2022 none of the 2022 or the 2020 UK SAYE shares were exercisable other than as permitted under the applicable Plan rules. The weighted average remaining life is 1.8 years (2021: 1.2 years). ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-643": {
   "value": "32.  Accounting Estimates and Judgements In the opinion of the Directors, the following significant judgement was exercised in the preparation of the financial statements: Recognition of Surplus on Defined Benefit Pension Schemes Where a surplus on a defined benefit scheme arises, the rights of the trustees to prevent the group obtaining a refund of that surplus in the future are considered in determining whether it is necessary to restrict the amount of the surplus that is recognised. The ROI defined benefit scheme is in surplus under IAS 19 valuation methodology as at 31 December 2022. The directors are satisfied that these amounts meet the requirements of recoverability on the basis that paragraph 11 (b) of IFRIC 14 applies, enabling a refund of the surplus assuming the gradual settlement of the scheme liabilities over time until all members have left the scheme, and a surplus of \u00a34.6 million has been recognised. In the opinion of the Directors, the key sources of estimation uncertainty were as follows: Goodwill The Group has capitalised goodwill of \u00a3635.8 million at 31 December 2022 (2021: \u00a3599.8 million) as detailed in Note 12. Goodwill is required to be tested for impairment at least annually or more frequently if changes in circumstances or the occurrence of events indicate potential impairment exists. The Group uses value-in-use calculations to determine the recoverable amount of cash generating units containing goodwill. Value-in-use  is calculated as the present value of future cash flows. In calculating value-in-use, management estimation is required in forecasting cash flows  of the segments and in selecting an appropriate discount rate and the nominal growth rate in perpetuity. In 2021, the Group disposed of a number of businesses which resulted in a write off of goodwill amounting to \u00a3126.3 million based on an allocation of goodwill attaching to the UK Distribution CGU. The allocation was determined based on the fair value of the traditional merchanting business relative to the fair value of the portion of the UK Distribution CGU which has been retained. Retirement Benefit Obligations The Group operates a number of defined benefit retirement plans which are as set out in Note 30. The Group\u2019s total obligation in respect of  defined benefit plans is calculated by independent, qualified actuaries and updated at least annually and totals \u00a3202.8 million at 31 December 2022 (2021: \u00a3295.2 million). Plan assets at 31 December 2022 amounted to \u00a3192.3 million (2021: \u00a3283.7 million) giving a net scheme deficit of \u00a310.5 million (2021: \u00a311.5 million). The size of the obligation is sensitive to actuarial assumptions. The key assumptions are the discount rate, the rate  of inflation, life expectancy, pension benefits and rate of salary increases. The sensitivities of the principal assumptions used to measure defined benefit pension scheme obligations are set out in Note 30. Rebate Income Rebate arrangements with suppliers are a common feature of trading in the distribution industry and the Group has agreements with individual suppliers related to purchases of goods for resale. Rebates are accounted for as a deduction from the cost of goods for resale and are recognised in the financial statements based on the amount that has been earned in respect of each individual supplier up to the balance sheet date. Rebates receivable are determined using established methodologies and are only recognised in the income statement where there is an agreement in place with an individual supplier, any related performance conditions have been met and the goods have been sold to a third-party customer. Rebates receivable from individual suppliers are typically calculated by applying an agreed percentage to the purchase price shown on the supplier invoice for products purchased for resale. A small proportion of rebates receivable are based on volumes purchased with certain supplier agreements providing for a stepped increase in rebates if purchases reach predetermined targets within a specified time period. The majority of rebate arrangements cover a calendar year which coincides with the financial year of the Group and this reduces the requirement to estimate rebates receivable at the year-end. Where estimation is used in the calculation of rebates receivable it is done on a consistent and prudent basis, based upon management\u2019s knowledge and experience of the suppliers and historic collection trends. 32.  Accounting Estimates and Judgements continued Rebate Income continued Rebates are classified in the balance sheet as follows: Inventories \u2022  The carrying value of inventories at the balance sheet date is reduced to reflect rebates receivable relating to inventory that has not been sold  at the balance sheet date. Trade and Other Receivables \u2022  The amount of rebate receivable at the balance sheet date is classified as other receivables and separately disclosed in Note 17,  Trade and Other Receivables. Trade and Other Payables \u2022  Where the Group has the legal right to set-off rebates receivable against amounts owing to individual suppliers, any rebates receivable at  the balance sheet date are netted against amounts payable to these suppliers and the amount, if material, is separately disclosed in Note 24,  Trade and Other Payables. Valuation of Inventory Inventory comprises raw materials, finished goods and goods purchased for resale. Provisions are made against slow moving, obsolete and  damaged inventories for which the net realisable value is estimated to be less than cost. Determining the net realisable value of the wide range of  products held in many locations requires estimation to be applied to determine the likely saleability of products and the potential prices that can be  achieved. In arriving at any provisions for net realisable value, the Directors take into account the age, condition, quality of the products in stock and  recent sales trends. The actual realisable value of inventory may differ from the estimated value on which the provision is based. The Group held provisions in respect of inventory balances at 31 December 2022 amounting to \u00a347.2 million (2021: \u00a341.9 million). IFRS 16 \u201cLeases\u201d Where the Group has an option to extend or terminate a lease, management uses its judgement to determine whether such an option would be reasonably certain to be exercised. Management considers all facts and circumstances, including past practice and costs that would be incurred  if an option were to be exercised, to help them determine the lease term. Management have also applied judgements in assessing the discount rate, which are based on the incremental borrowing rate. Such judgements could impact lease terms and associated lease liabilities. The Group availed of the practical expedient available on transition to IFRS 16 not to reassess whether a contract is or contains a lease. Accordingly, the definition of a lease  in accordance with IAS 17 and the guidance in IFRIC 4 will continue to be applied to those leases entered into or modified before 1 January 2019. Valuation of investment property The fair values derived are based on current estimated market values for the properties, being the amount that would be received from a sale of the assets in an orderly transaction between market participants. The valuation of the Group\u2019s investment property portfolio is inherently subjective as it requires among other factors, the estimation of the expected rental income in to the future, an assessment of a property\u2019s ability to remain  attractive to existing and prospective tenants in a changing market and a judgement to be reached on the attractiveness of a building, its location  and the surrounding environment. Further detail on the determination of fair value of investment properties is set out in note 13. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-644": {
   "value": "33.  Related Party Transactions The principal related party transactions that require disclosure under IAS 24: Related Party Disclosures relate to subsidiaries, key management  personnel and post-employment benefit plans. Subsidiaries Sales to and purchases from, together with outstanding payables and receivables to and from, subsidiaries are eliminated in the preparation of  the consolidated financial information in accordance with IFRS 10, Consolidated Financial Statements. Key Management Personnel The term key management personnel for 2022 is the Board of Grafton Group plc and the Company Secretary/Group Financial Controller. The cost of key management personnel is analysed in Note 6 to the Group Financial Statements. The Report of the Remuneration Committee on Directors\u2019 Remuneration on pages 120 to 145 provides detailed disclosure (\u2018unaudited\u2019) for 2022 and 2021 of salaries, fees, performance-related pay, pension allowance, other benefits and entitlements to awards granted under the Group\u2019s 2011 LTIP scheme. Post-Employment Benefit Plans Pension commitments to existing and former employees under defined benefit pension scheme arrangements are disclosed in Note 30 to the Group Financial Statements. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-645": {
   "value": "34.  Events after the Balance Sheet Date The Company bought back, for cancellation, 2,966,284 shares at a cost of \u00a327.5 million between 1 January 2023 and 28 February 2023.  There have been no other material events subsequent to 31 December 2022 that would require adjustment to or disclosure in this report. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  },
  "fact-646": {
   "value": "35.  Approval of Financial Statements The Board of Directors approved the Group Financial Statements on pages 160 to 218 on 1 March 2023. ",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:635400BE9SBAG61DJ963",
    "period": "2022-01-01T00:00:00/2023-01-01T00:00:00"
   }
  }
 }
}