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    "concept": "capitaplc:ProceedsFromCrossCurrencyInterestRateSwapsClassifiedAsFinancingActivities",
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  "fact-431": {
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   "value": "<div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gsb\">This section sets out the Group\u2019s accounting policies relating to these con<span class=\"_ _1\"></span>solidated financial statements<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gsc\">as a whole. Where an accounting policy is specific to one note, the policy is d<span class=\"_ _1\"></span>escribed in the note to<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gsd\">which it relates.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gse\">This section also includes details of new accounting standards, amend<span class=\"_ _1\"></span>ments and interpretations<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gsf\">including their effective dates and explanation on the expected<span class=\"_ _1\"></span> impact to the financial position and<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls57 ws46 gs10\">performance of the Group.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs11\">For ease of reference, this symbol has been used to denote an<span class=\"_ _1\"></span>y accounting policies included within the<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs12\">notes to these consolidated financial statements:<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff3f fs5 fc7 sc0 ls57 ws46 gs13\">Denotes accounting policies<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs14\">These financial statements consolidate those of Capita<span class=\"_ gs15\"> </span>plc (the Compa<span class=\"_ _1\"></span>ny or the Parent Company) and all of<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs16\">its subsidiaries (the Group). Capita<span class=\"_ gs15\"> </span>plc is a public limited compa<span class=\"_ _1\"></span>ny incorporated in England and Wales<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs17\">whose shares are publicly traded. The principal activities o<span class=\"_ _1\"></span>f the Group are given in the strategic report on<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls57 ws46 gs18\">pages 14 to 21.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs19\">These consolidated financial statements of Capita<span class=\"_ gs15\"> </span>plc for the year en<span class=\"_ _1\"></span>ded <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span> were<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs1a\">authorised for issue in accordance with a resolution of the directors on<span class=\"_ _1\"></span> <span class=\"ls57 ws46\">5<span class=\"_ gs15\"> </span>March 2024</span>.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs1b\">These consolidated financial statements are presented in British po<span class=\"_ _1\"></span>unds sterling and all values are rounded<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs1c\">to the nearest tenth of a million (\u00a3m) except where otherwise indicated.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff3f fs5 fc6 sc0 ls57 ws46 gs1d\">Statement of compliance<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls57 ws46 gs1e\">These consolidated financial statements have been prepared in accordance with UK-adopt<span class=\"_ _2a\"></span>ed International<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs1f\">Financial Reporting Standards (IFRSs) and the Disclosure and Transp<span class=\"_ _1\"></span>arency Rules of the UK's Financial<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs20\">Conduct Authority.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff3f fs5 fc6 sc0 ls57 ws46 gs21\">Basis of consolidation<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs22\">These consolidated financial statements comprise the financial stateme<span class=\"_ _1\"></span>nts of the Group at 31<span class=\"_ gs15\"> </span>December<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs23\">each year. Subsidiaries are consolidated from the date on which con<span class=\"_ _1\"></span>trol is transferred to the Group until<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs24\">control is transferred out of the Group. Where there is a loss of control of a su<span class=\"_ _1\"></span>bsidiary, these consolidated<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs25\">financial statements include the results for that part of the reporting year d<span class=\"_ _1\"></span>uring which Capita<span class=\"_ gs15\"> </span>plc had control<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs26\">and the profit or loss on disposal is calculated as the difference betwee<span class=\"_ _1\"></span>n the fair value of the consideration<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs27\">received and the carrying amount of the net assets (including goo<span class=\"_ _1\"></span>dwill) disposed of. Losses applicable to<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs28\">the non-controlling interests in subsidiaries are attributed to the non<span class=\"_ _1\"></span>-controlling interests even if that results<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs29\">in the non-controlling interests having a deficit balance.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs2a\">Investments in associates are accounted for using the equity method. Und<span class=\"_ _1\"></span>er the equity method, the<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs2b\">investment in the entity is stated as a one line item at cost plus the investor\u2019s share<span class=\"_ _1\"></span> of retained post-<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs2c\">acquisition profits or losses and other changes in net assets less any impa<span class=\"_ _1\"></span>irment.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff3f fs5 fc6 sc0 ls57 ws46 gs2e\">Going concern<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs2f\">In determining the appropriate basis of preparation of the fina<span class=\"_ _1\"></span>ncial statements for the year ended </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls57 ws46 gs30\">31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\">, the Board is required to consider whether the Group and Parent Compa<span class=\"_ _1\"></span>ny can continue </span></div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs31\">in operational existence for the foreseeable future. The Board<span class=\"_ _1\"></span> has concluded that it is appropriate to adopt </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs32\">the going concern basis, having undertaken a rigorous assessme<span class=\"_ _1\"></span>nt of the financial forecasts, key </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs33\">uncertainties, sensitivities, and mitigations as set out below.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs34\">Accounting standards require that \u2018the foreseeable future\u2019 for go<span class=\"_ _1\"></span>ing concern assessment covers a period of </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs35\">at least twelve months from the date of approval of these financial stateme<span class=\"_ _1\"></span>nts, although those standards do </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs36\">not specify how far beyond twelve months a Board should consider. In its go<span class=\"_ _1\"></span>ing concern assessment, the </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls57 ws46 gs37\">Board has considered the period from the date of approval of these financial statem<span class=\"_ _2a\"></span>ents to 30<span class=\"_ gs15\"> </span>June 2025 </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs38\">(\u2018the going concern period\u2019), which aligns with a period end and co<span class=\"_ _1\"></span>venant test date for the Group, and has </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs39\">also allowed the Board to assess the liquidity impact of the borrowings that ma<span class=\"_ _1\"></span>ture in January 2025 and </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs3a\">April 2025 (refer to note 4.5.3 to the consolidated financial sta<span class=\"_ _1\"></span>tements). There are no other debt maturities </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls57 ws46 gs3b\">in the period to 30 June 2025.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs3c\">The base case financial forecasts used in the going concern assessme<span class=\"_ _1\"></span>nt are derived from the 2024-2025 </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls57 ws46 gs3d\">business plans as approved by the Board in December 2023.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs3e\">The going concern assessment considers the Group\u2019s sources and u<span class=\"_ _1\"></span>ses of liquidity and covenant </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs3f\">compliance throughout the period under review. The value o<span class=\"_ _1\"></span>f the Group\u2019s committed revolving credit facility </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs40\">(RCF) was <span class=\"ls57 ws46\">\u00a3260.7m</span> at <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span> <span class=\"ls57 ws46\">having been extended to 31<span class=\"_ gs15\"> </span>December 2026. The original terms </span></div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls57 ws46 gs41\">of the RCF are substantially unchanged. The value was subsequently reduced to \u00a3250m on 23<span class=\"_ gs15\"> </span>January<span class=\"_ _2a\"></span> </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs42\">2024 following receipt of proceeds from the disposal of the Group\u2019s in<span class=\"_ _1\"></span>vestment in Fera Science Limited.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs43\">In July the Group issued <span class=\"ls57 ws46\">\u00a3101.9m</span> <span class=\"ls57 ws46\">equi</span>valent of new private placement loan<span class=\"_ _1\"></span> notes across three tranches: </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs44\">\u00a350m maturing 25<span class=\"_ gs15\"> </span>July 2026, USD45m maturing 25<span class=\"_ gs15\"> </span>July 2026 and USD23<span class=\"_ _1\"></span>m maturing 25<span class=\"_ gs15\"> </span>July 2028, with an </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs45\">average interest rate of 9.45%. The notes rank pari passu with the e<span class=\"_ _1\"></span>xisting indebtedness of the Group and </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs46\">includes financial covenants determined on the same basis as those u<span class=\"_ _1\"></span>nder the existing private placement </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls57 ws46 gs47\">loan notes.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc6 sc0 ls9 ws1 gs48\">Financial position at <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs49\">As detailed further in the Chief Financial Officer\u2019s review<span class=\"_ _1\"></span> in the strategic report, <span class=\"ls57 ws46\">at 31<span class=\"_ gs15\"> </span>December 2023 the </span></div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls57 ws46 gs4a\">Group had net debt of<span class=\"ls9 ws1\"> </span>\u00a3545.5m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a3482.4m<span class=\"ls9 ws1\">), net financial debt (pre-IFRS 16)<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h3e ff3e fs1c fc7 sc0 ls9 ws1 gs4b\">1</div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls57 ws46 gs4c\"> of<span class=\"ls9 ws1\"> </span>\u00a3182.1m (2022: </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls57 ws46 gs4d\">\u00a384.9m<span class=\"ls9 ws1\">), available liquidity</span></div><div class=\"t m0 h3e ff3e fs1c fc7 sc0 ls9 ws1 gs4e\">1</div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls57 ws46 gs4f\"> of<span class=\"ls9 ws1\"> </span>\u00a3282.3m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a3405.2m<span class=\"ls9 ws1\">) and was in compliance with all debt covenants<span class=\"_ _1\"></span> </span></div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs50\">(refer to note 4.1.2 to the consolidated financial statements).<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff3f fs5 fc6 sc0 ls57 ws46 gs51\">Board assessment<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc6 sc0 ls9 ws1 gs52\">Base case scenario<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs53\">Under the base case scenario, the Group\u2019s transformation p<span class=\"_ _1\"></span>rogramme and completion of the Portfolio non-<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls57 ws46 gs54\">core business disposal programme in January 2024 has simplified and strengthened the business and </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs55\">facilitates further efficiency savings enabling sustainable growth in reven<span class=\"_ _1\"></span>ue, profit and cash flow over the </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs56\">medium term. When combined with available committed facilities, this allows the Group<span class=\"_ _1\"></span> to manage </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs57\">scheduled debt repayments. The most material sensitivities to the base ca<span class=\"_ _1\"></span>se are the risk of not delivering </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls57 ws46 gs58\">the planned revenue grow<span class=\"ls9 ws1\">th and efficiency savings following the announcement of the Group\u2019s restru<span class=\"_ _1\"></span>cturing </span></div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls57 ws46 gs59\">programme.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs5a\">The base case projections used for going concern assessment pu<span class=\"_ _1\"></span>rposes reflect business disposals </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs5b\">completed up to the date of approval of these financial statements. T<span class=\"_ _1\"></span>he liquidity headroom assessment in </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs5c\">the base case projections reflects the Group\u2019s existing committed financing fa<span class=\"_ _1\"></span>cilities and debt redemptions </div><div class=\"t m0 h38 ff3e fs5 fc7 sc0 ls9 ws1 gs5d\">and does not reflect any potential future refinancing. The ba<span class=\"_ _1\"></span>se case financial forecasts demonstrate liquidity<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls57 ws46 gs5f\">headroom and compliance with all debt covenant measures throughout the going concern period to 30<span class=\"_ gs15\"> </span><span class=\"_ _2a\"></span>June </div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls57 ws46 gs60\">2025.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc6 sc0 ls9 ws1 gs61\">Severe but plausible downside scenario<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs62\">In considering severe but plausible downside scenarios, the Board h<span class=\"_ _1\"></span>as taken account of the potential </div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs63\">adverse financial impacts resulting from the following risks:<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs64\">\u2022<span class=\"_ _ae\"> </span>revenue growth falling materially short of plan;<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs65\">\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">operating profit margin expansion not being achieved;<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs66\">\u2022<span class=\"_ _ae\"> </span>targeted cost savings delayed or not delivere<span class=\"_ _1\"></span>d;<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs67\">\u2022<span class=\"_ _ae\"> </span>additional inflationary cost impacts which cannot b<span class=\"_ _1\"></span>e passed on to customers;<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs68\">\u2022<span class=\"_ _ae\"> </span>unforeseen operational issues leading<span class=\"_ _1\"></span> to contract losses and cash outflows;<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs69\">\u2022<span class=\"_ _ae\"> </span>volatility in interest rates;<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs6a\">\u2022<span class=\"_ _ae\"> </span>non-availability of the Group\u2019s non-recourse tra<span class=\"_ _1\"></span>de receivables financing facility; and<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs6b\">\u2022<span class=\"_ _ae\"> </span>unexpected financial costs linked to incidents such<span class=\"_ _1\"></span> as data breaches and/or cyber-attacks.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs6c\">The likelihood of simultaneous crystallisation of the above risks is considered<span class=\"_ _1\"></span> by the directors to be low. </div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs6d\">Nevertheless in the event that simultaneous crystallisation were to occur, the Gro<span class=\"_ _1\"></span>up would need to take </div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs6e\">action to mitigate the risk of insufficient liquidity and covenant headroom. In<span class=\"_ _1\"></span> its assessment of going </div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs6f\">concern, the Board has considered the mitigations, under the dire<span class=\"_ _1\"></span>ct control of the Group, that could be </div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs70\">implemented including reductions or delays in capital investment, and<span class=\"_ _1\"></span> substantially reducing (or removing in </div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs71\">full) bonus and incentive payments. Taking these mitigations into accou<span class=\"_ _1\"></span>nt, the Group\u2019s financial forecasts, in </div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs72\">a severe but plausible downside scenario, demonstrate sufficient liqu<span class=\"_ _1\"></span>idity headroom and compliance with all </div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls57 ws46 gs73\">debt covenant measures throughout the going concern period to 30<span class=\"_ gs15\"> </span>June 2025.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc6 sc0 ls57 ws46 gs74\">Adoption of going concern basis<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs75\">Reflecting the continued benefits from the tran<span class=\"_ _1\"></span>sformation programme delivered over the last few years and </div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs76\">the Portfolio non-core business disposal programme completed in Janu<span class=\"_ _1\"></span>ary 2024,<span class=\"ls57 ws46\"> coupled with the Board's </span></div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs77\">ability to implement appropriate mitigations should the severe but plau<span class=\"_ _1\"></span>sible downside materialise, the Group </div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls57 ws46 gs78\">continues to adopt the going concern basis in preparing these consolidated financial st<span class=\"_ _2a\"></span>atements. The Board </div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls57 ws46 gs79\">has concluded that the Group and Parent Company will be able to continue in operation and meet t<span class=\"_ _2a\"></span>heir </div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs7a\">liabilities as they fall due over the period to 30<span class=\"_ gs15\"> </span>June 2025.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3a ff42 fs8 fc7 sc0 ls58 ws47 gs7b\">1.Refer to alternative performance measures in section 8.2 to the financial statements.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff43 fs5 fc6 sc0 ls57 ws46 gs7d\">Foreign currency translation<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs7e\">The functional and presentation currency of Capita<span class=\"_ gs15\"> </span>plc and its UK sub<span class=\"_ _1\"></span>sidiaries is the British pound sterling </div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs7f\">(\u00a3). Transactions in foreign currencies are initially recorded at the functio<span class=\"_ _1\"></span>nal currency exchange rate ruling </div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs80\">at the date of the transaction. Monetary assets and liabilities denomina<span class=\"_ _1\"></span>ted in foreign currencies are </div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs81\">retranslated at the functional currency exchange rate ruling at the<span class=\"_ _1\"></span> balance sheet date. All differences are </div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs82\">taken to the consolidated income statement with the exception of differe<span class=\"_ _1\"></span>nces on foreign currency </div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs83\">borrowings that provide a hedge against a net investment in a fore<span class=\"_ _1\"></span>ign operation. These are taken directly to </div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs84\">equity until the disposal of the net investment, at which time they are recogn<span class=\"_ _1\"></span>ised in the consolidated income </div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs85\">statement.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs86\">Tax charges and credits attributable to exchange differences on<span class=\"_ _1\"></span> those borrowings are also taken directly to </div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs87\">equity. Non-monetary items that are measured at historical cost in a foreign cu<span class=\"_ _1\"></span>rrency are translated using </div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs88\">the exchange rate at the date of initial transaction. Non-monetary items me<span class=\"_ _1\"></span>asured at fair value in a foreign </div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs89\">currency are translated using the exchange rates at the date when<span class=\"_ _1\"></span> the fair value was determined.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs8a\">The functional currencies of overseas operations include the eu<span class=\"_ _1\"></span>ro, Indian rupee, South African rand, Polish </div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs8b\">zloty and the US<span class=\"_ gs15\"> </span>dollar. At the balance sheet date, the assets and liab<span class=\"_ _1\"></span>ilities of the overseas operations are </div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs8c\">retranslated into the presentation currency of Capita<span class=\"_ gs15\"> </span>plc at the excha<span class=\"_ _1\"></span>nge rate ruling on the balance sheet </div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs8d\">date and their income statements are translated using the weighte<span class=\"_ _1\"></span>d average exchange rate for the year.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs8e\">The exchange differences arising on the retranslation are take<span class=\"_ _1\"></span>n directly to a separate component of equity. </div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs8f\">On disposal of a foreign operation, the deferred cumulative foreig<span class=\"_ _1\"></span>n currency translation difference </div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs90\">recognised in equity relating to that particular foreign operation is re<span class=\"_ _1\"></span>cognised in the consolidated income </div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs91\">statement.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff43 fs5 fc6 sc0 ls57 ws46 gs92\">Current versus non-current classification<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs93\">The Group presents assets and liabilities in the balance sheet base<span class=\"_ _1\"></span>d on whether they are current or non-<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs94\">current.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs95\">An asset is current when it is:<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs96\">\u2022<span class=\"_ _ae\"> </span>Expected to be realised or intended to be<span class=\"_ _1\"></span> sold or consumed in the normal operating cycle;<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs97\">\u2022<span class=\"_ _ae\"> </span>Held primarily for the purpose of trading;<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs98\">\u2022<span class=\"_ _ae\"> </span>Expected to be realised within twelve months after th<span class=\"_ _1\"></span>e balance sheet date; or<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs99\">\u2022<span class=\"_ _ae\"> </span>Cash or cash equivalent unless restricted from bein<span class=\"_ _1\"></span>g exchanged or used to settle a liability for at least </div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs9a\">twelve months after the balance sheet date.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs9b\">All other assets are classified as non-current.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs9c\">A liability is current when:<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs9d\">\u2022<span class=\"_ _ae\"> </span>It is expected to be settled in the normal opera<span class=\"_ _1\"></span>ting cycle;<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs9e\">\u2022<span class=\"_ _ae\"> </span>It is held primarily for the purpose of trading;<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gs9f\">\u2022<span class=\"_ _ae\"> </span>It is due to be settled within twelve months after the b<span class=\"_ _1\"></span>alance sheet date; or<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gsa0\">\u2022<span class=\"_ _ae\"> </span>There is no unconditional right to defer th<span class=\"_ _1\"></span>e settlement of the liability for at least twelve months after the </div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls57 ws46 gsa1\">balance sheet date.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff42 fs5 fc7 sc0 ls9 ws1 gsa2\">All other liabilities are classified as non-current.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff45 fs5 fc6 sc0 ls57 ws46 gsa4\">Recoverable amount of non-current assets<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsa5\">At each balance sheet date, the Group assesses whether there is any in<span class=\"_ _1\"></span>dication that a non-current asset </div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsa6\">may be impaired. Where an indicator of impairment exists, the Group makes a fo<span class=\"_ _1\"></span>rmal estimate of the </div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsa7\">asset\u2019s recoverable amount. Where the carrying amount of an asset exce<span class=\"_ _1\"></span>eds its recoverable amount, the </div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsa8\">asset is considered impaired and is written down to its recoverable amoun<span class=\"_ _1\"></span>t. The recoverable amount is the </div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsa9\">higher of an asset\u2019s, or cash-generating unit\u2019s, fair value less costs to sell and<span class=\"_ _1\"></span> its value in use, and is </div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsaa\">determined for an individual asset, unless the asset does not gene<span class=\"_ _1\"></span>rate cash inflows that are largely </div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsab\">independent of those from other assets or groups of assets.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff45 fs5 fc6 sc0 ls57 ws46 gsac\">Consideration of climate change<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls57 ws46 gsad\">The impact of climate change has been considered in the preparation of these consolidated f<span class=\"_ _2a\"></span>inancial </div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsae\">statements across a number of areas, including our evaluation of the<span class=\"_ _1\"></span> critical accounting estimates and </div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsaf\">assumptions which are<span class=\"ls57 ws46\"> detailed below,</span> consistent with the risks and opportunities set o<span class=\"_ _1\"></span>ut in the strategic </div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls57 ws46 gsb0\">report on pages 50 to 56. <span class=\"ls9 ws1\">None of these risks had a material effect on the critical accounting estimates a<span class=\"_ _1\"></span>nd </span></div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsb1\">assumptions or on the consolidated financial statements of the Group<span class=\"_ _1\"></span>.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsb2\">The following areas were considered during the preparation<span class=\"_ _1\"></span> of these consolidated financial statements:<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsb3\">\u2022<span class=\"_ _ae\"> </span>contract judgements made on the Group\u2019s majo<span class=\"_ _1\"></span>r contracts including contract fulfilment assets;<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsb4\">\u2022<span class=\"_ _ae\"> </span>going concern and viability of the Group ove<span class=\"_ _1\"></span>r the relevant respective period;<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsb5\">\u2022<span class=\"_ _ae\"> </span>cash flow forecasts used in the impairment assessments o<span class=\"_ _1\"></span>f non-current assets including the Group\u2019s </div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsb6\">intangible assets such as customer contracts and goodwill;<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsb7\">\u2022<span class=\"_ _ae\"> </span>carrying value and useful economic lives of prop<span class=\"_ _1\"></span>erty, plant and equipment; and<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsb8\">\u2022<span class=\"_ _ae\"> </span>the valuation of assets held within the Group\u2019s p<span class=\"_ _1\"></span>ension schemes.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsb9\">As current legislation stands, there is currently no material short or medium-term</div><div class=\"t m0 h3e ff46 fs1c fc7 sc0 ls9 ws1 gsba\">1</div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsbb\"> impact expected from </div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls57 ws46 gsbc\">climate change on the Group.</div><div class=\"t m0 h38 ff46 fs7 fca sc0 ls9 ws1 gsbd\"> <span class=\"fs5 fc7\">The Group will continue to monitor it\u2019s climate strategy and the impact that </span></div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsbe\">policies or changes in legislation may have on the estimates the Group<span class=\"_ _1\"></span> makes, and any subsequent impact </div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsbf\">on assets and liabilities recognised and presented in its consolidate<span class=\"_ _1\"></span>d financial statements.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff45 fs5 fc6 sc0 ls57 ws46 gsc0\">Significant accounting judgements, estimates and assumptions<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsc1\">The preparation of financial statements in accordance with gene<span class=\"_ _1\"></span>rally accepted accounting principles </div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsc2\">requires the directors to make judgements and assumptions that affect th<span class=\"_ _1\"></span>e reported amounts of assets and </div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsc3\">liabilities and disclosure of contingencies at the date of the financial sta<span class=\"_ _1\"></span>tements and the reported income </div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls57 ws46 gsc4\">and expense during the presented periods. Although these judgements and assumptions are based on the </div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsc5\">directors\u2019 best knowledge of the amount, events or actions, actual results ma<span class=\"_ _1\"></span>y differ.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsc6\">As described in note<span class=\"_ gs15\"> </span>2.1, given the level of judgemen<span class=\"_ _1\"></span>t and estimation involved in assessing the future </div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsc7\">profitability of contracts, it is reasonably possible that outcomes within the next fin<span class=\"_ _1\"></span>ancial year may be </div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsc8\">different from management\u2019s assumptions and could require a materia<span class=\"_ _1\"></span>l adjustment to the carrying amounts </div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsc9\">of contract assets and, onerous contract provisions.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3a ff46 fs8 fc7 sc0 ls58 ws47 gsca\">1.<span class=\"_ _9\"> </span><span class=\"ls9 ws1\">A</span>s defined in the Task Force on Climate-related Financial Disclosures sec<span class=\"_ _2a\"></span>tion of the Strategic Report<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc6 sc0 ls57 ws46 gscc\">Judgements<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls57 ws46 gscd\">The key areas where significant accounting judgements have been made and which have the most </div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsce\">significant effect on the amounts recognised in the consolidated fina<span class=\"_ _1\"></span>ncial statements, are summarised </div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gscf\">below and set out in more detail in the related note(s):<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsd0\">\u2022<span class=\"_ _ae\"> </span>Contract accounting (note 2.1):<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsd1\">\u2013<span class=\"_ _1a8\"> </span><span class=\"ls57 ws46\">Revenue rec<span class=\"_ _2a\"></span>ognition;<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsd2\">\u2022<span class=\"_ _ae\"> </span>Capitalisation of contract fulfilment assets (note<span class=\"_ gs15\"> </span>3.1.3<span class=\"_ _1\"></span>); and<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsd3\">\u2022<span class=\"_ _ae\"> </span>Adoption of the going concern basis of pre<span class=\"_ _1\"></span>paration (section 1).<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc6 sc0 ls9 ws1 gsd4\">Estimates<span class=\"ls57 ws46\"> and assumptions<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsd5\">The key assumptions concerning the future and other key sources o<span class=\"_ _1\"></span>f estimation uncertainty at the balance </div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsd6\">sheet date, which have a significant risk of causing material adjustment to th<span class=\"_ _1\"></span>e carrying amounts of assets </div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsd7\">and liabilities within the next financial year, are summarised below and se<span class=\"_ _1\"></span>t out in more detail in the related </div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsd8\">note. The Group based its assumptions and estimates on paramete<span class=\"_ _1\"></span>rs available when the consolidated </div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsd9\">financial statements were prepared.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsda\">Existing circumstances and assumptions about future developments, howeve<span class=\"_ _1\"></span>r, may change due to market </div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsdb\">changes or circumstances arising that are beyond the control of the Gro<span class=\"_ _1\"></span>up. Such changes are incorporated </div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsdc\">into the assumptions when they occur:<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsdd\">\u2022<span class=\"_ _ae\"> </span>Contract accounting (note<span class=\"_ gs15\"> </span>2.1):<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsde\">\u2013<span class=\"_ _1a8\"> </span>Impairment of contract fulfilment assets;<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gsdf\">\u2013<span class=\"_ _1a8\"> </span>Customer and onerous contract provisions;<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gse0\">\u2022<span class=\"_ _ae\"> </span>Deferred tax asset recognition (note<span class=\"_ gs15\"> </span>2.6); and<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gse1\">\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">Measurement of defined benefit pension obligations (note<span class=\"_ gs15\"> </span>5.2).<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls57 ws46 gse2\">For ease of reference, the symbols below have been used to denote significant accounti<span class=\"_ _2a\"></span>ng judgements and/<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gse3\">or significant accounting estimates and assumptions where they occur within<span class=\"_ _1\"></span> the notes to these </div><div class=\"t m0 h38 ff46 fs5 fc7 sc0 ls9 ws1 gse4\">consolidated financial statements:<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff45 fs5 fc7 sc0 ls57 ws46 gse5\">Denotes significant accounting judgements<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff45 fs5 fc7 sc0 ls57 ws46 gse6\">Denotes significant accounting estimates and assumptions<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff47 fs5 fc6 sc0 ls57 ws46 gse8\">New standards and interpretations adopted<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff48 fs5 fc7 sc0 ls9 ws1 gse9\">The accounting policies adopted are consistent with those of the p<span class=\"_ _1\"></span>revious financial year. In addition, the </div><div class=\"t m0 h38 ff48 fs5 fc7 sc0 ls57 ws46 gsea\">Group has adopted the new, and amendments to, standards listed below. These amendments were ei<span class=\"_ _2a\"></span>ther </div><div class=\"t m0 h38 ff48 fs5 fc7 sc0 ls9 ws1 gseb\">not applicable or not material to the Group or Parent Company.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3a ff48 fs8 fc7 sc0 ls58 ws47 gsec\">International Accounting Standards (IAS/IFRS)<span class=\"_ _1e7\"> </span>Effective date<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff48 fs5 fc7 sc0 ls9 ws1 gsed\">IFRS<span class=\"_ gs15\"> </span>17 Insurance Contracts and amendments to IFRS<span class=\"_ gs15\"> </span>17 Insurance Con<span class=\"_ _1\"></span>tracts<span class=\"_ _11e\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ff48 fs5 fc7 sc0 ls5b ws4a gsee\">Disclosure of Accounting Policies (Amendments to IAS<span class=\"_ gs15\"> </span>1 and IFRS Practice Statement<span class=\"_ gs15\"> </span>2)<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff48 fs5 fc7 sc0 ls57 ws46 gsef\">1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff48 fs5 fc7 sc0 ls9 ws1 gsf0\">Definition of Accounting Estimates (Amendments to IAS<span class=\"_ gs15\"> </span>8)<span class=\"_ _1e8\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ff48 fs5 fc7 sc0 ls9 ws1 gsf1\">Deferred Tax related to Assets and Liabilities arising from a Single Transa<span class=\"_ _1\"></span>ction </div><div class=\"t m0 h38 ff48 fs5 fc7 sc0 ls9 ws1 gsf2\">(Amendments to IAS<span class=\"_ gs15\"> </span>12)<span class=\"_ _d6\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ff48 fs5 fc7 sc0 ls9 ws1 gsf3\">International Tax Reform - Pillar Two Model Rules (Amendments to IAS<span class=\"_ gs15\"> </span>12)<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff48 fs5 fc7 sc0 ls57 ws46 gsf4\">1 January 2023<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff47 fs5 fc6 sc0 ls57 ws46 gsf6\">New standards and interpretations not yet adopted<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff48 fs5 fc7 sc0 ls9 ws1 gsf7\">The International Accounting Standards Board (IASB) has issued the follo<span class=\"_ _1\"></span>wing standards, amendments and </div><div class=\"t m0 h38 ff48 fs5 fc7 sc0 ls9 ws1 gsf8\">interpretations with an effective date after the date of these consolid<span class=\"_ _1\"></span>ated financial statements. These are </div><div class=\"t m0 h38 ff48 fs5 fc7 sc0 ls57 ws46 gsf9\">effective for annual reporting periods beginning on or after the date indicated:<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3a ff48 fs8 fc7 sc0 ls58 ws47 gsfa\">International Accounting Standards (IAS/IFRS)<span class=\"_ _1e7\"> </span>Effective date<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff48 fs5 fc7 sc0 ls9 ws1 gsfb\">Classification of liabilities as current or non-current and non-current liabilitie<span class=\"_ _1\"></span>s with </div><div class=\"t m0 h38 ff48 fs5 fc7 sc0 ls9 ws1 gsfc\">Covenants - Amendments to IAS<span class=\"_ gs15\"> </span>1<span class=\"_ _1e9\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2024<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ff48 fs5 fc7 sc0 ls9 ws1 gsfd\">Lease Liability in a Sale and Leaseback - Amendments to IFRS<span class=\"_ gs15\"> </span>16<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff48 fs5 fc7 sc0 ls57 ws46 gsfe\">1<span class=\"_ gs15\"> </span>January 2024<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff48 fs5 fc7 sc0 ls9 ws1 gsff\">Supplier Finance Arrangements - Amendments to IAS<span class=\"_ gs15\"> </span>7 and IFRS<span class=\"_ gs15\"> </span>7<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff48 fs5 fc7 sc0 ls57 ws46 gs100\">1<span class=\"_ gs15\"> </span>January 2024<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff48 fs5 fc7 sc0 ls9 ws1 gs101\">Lack of exchangeability - Amendments to IAS<span class=\"_ gs15\"> </span>21</div><div class=\"t m0 h3e ff48 fs1c fc7 sc0 ls9 ws1 gs102\">1<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff48 fs5 fc7 sc0 ls57 ws46 gs103\">1<span class=\"_ gs15\"> </span>January 2025<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3a ff48 fs8 fc7 sc0 ls58 ws47 gs104\">1.<span class=\"_ _9\"> </span><span class=\"ls9 ws1\">T</span>he effective date is based on the standard or amendment issued by the IASB and are still subject to adoption by the UK Endorsement </div><div class=\"t m0 h3a ff48 fs8 fc7 sc0 ls58 ws47 gs105\">Board.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff48 fs5 fc7 sc0 ls9 ws1 gs106\">The Group is assessing the impact of these new standards and the Gro<span class=\"_ _1\"></span>up\u2019s financial reporting will be </div><div class=\"t m0 h38 ff48 fs5 fc7 sc0 ls9 ws1 gs107\">presented in accordance with these standards from the effective date<span class=\"_ _1\"></span>.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff56 fs5 fc7 sc0 ls57 ws46 gs175\">Accounting policies </div><div class=\"t m0 h38 ff57 fs5 fc6 sc0 ls57 ws46 gs176\">Revenue<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs177\">The Group operates a diverse range of businesses and accord<span class=\"_ _1\"></span>ingly applies a variety of methods for </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs178\">revenue recognition, based on the principles set out in IFRS<span class=\"_ gs15\"> </span>15 <span class=\"_ _1\"></span><span class=\"ff58\">Revenue from Contracts with Customers<span class=\"ff57\">.<span class=\"_ _2b5\"> </span></span></span></div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls57 ws46 gs179\">The revenue and profits recognised in any period are based on the delivery of performance obligat<span class=\"_ _2a\"></span>ions and </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs17a\">an assessment of when control is transferred to the customer.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs17b\">Revenue is recognised either when the performance obligation in<span class=\"_ _1\"></span> the contract has been performed (\u2018point-<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs17c\">in-time\u2019 recognition) or \u2018over-time\u2019 as control of the performance obligation<span class=\"_ _1\"></span> is transferred to the customer.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs17d\">For all contracts, the Group determines if the arrangement with a customer cre<span class=\"_ _1\"></span>ates enforceable rights and </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs17e\">obligations. This assessment results in certain Master Service Agreements (MSA) or Framewo<span class=\"_ _1\"></span>rks not </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs17f\">meeting the definition of a contract under IFRS<span class=\"_ gs15\"> </span>15 and as such the in<span class=\"_ _1\"></span>dividual call-off agreements, linked to </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs180\">the MSA, are treated as individual contracts.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs181\">The Group enters into contracts which contain extension periods, where<span class=\"_ _1\"></span> either the customer or both parties </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs182\">can choose to extend the contract or there is an automatic annua<span class=\"_ _1\"></span>l renewal, and/or termination clauses that </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs183\">could impact the actual duration of the contract. Judgement is applied<span class=\"_ _1\"></span> to assess the impact that these </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs184\">clauses have when determining the appropriate contract term. The<span class=\"_ _1\"></span> term of the contract impacts both the </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls57 ws46 gs185\">period over which revenue from performance obligations may be recognised and the period ov<span class=\"_ _2a\"></span>er which non-<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs186\">current contract fulfilment assets and capitalised costs to obtain a contract are e<span class=\"_ _1\"></span>xpensed.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs187\">For contracts with multiple components to be delivered such as transformatio<span class=\"_ _1\"></span>n, transitions and the delivery </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls57 ws46 gs188\">of outsourced services, management applies judgement to consider whether those pr<span class=\"_ _2a\"></span>omised goods and </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs189\">services are:<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs18a\">(i)<span class=\"_ _42\"> </span>distinct \u2013 to be accounted for as separate performance obligations;<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs18b\">(ii)<span class=\"_ _ec\"> </span>not distinct \u2013 to be combined with other promised goods or services until a bundle is identified that is </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs18c\">distinct; or,<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs18d\">(iii)<span class=\"_ _9\"> </span>part of a series of distinct goods and services that are substantially the same and have the same </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs18e\">pattern of transfer to the customer.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs18f\">At a contract\u2019s inception the total transaction price is estimated, being the amo<span class=\"_ _1\"></span>unt to which the Group </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs190\">expects to be entitled and has rights to under the contract. This includ<span class=\"_ _1\"></span>es an assessment of any variable </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs191\">consideration where the Group\u2019s performance may result in additiona<span class=\"_ _1\"></span>l revenues based on the achievement </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs192\">of agreed Key Performance Indicators (KPIs). Such amounts are only included<span class=\"_ _1\"></span> based on the expected </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs193\">value, or the most likely outcome method, and only to the extent that it is high<span class=\"_ _1\"></span>ly probable that no revenue </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs194\">reversal will occur.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs195\">The transaction price does not include estimates of consideration re<span class=\"_ _1\"></span>sulting from change orders for </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls57 ws46 gs196\">additional goods and services unless these are already agreed.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs197\">After the total transaction price is determined, the Group allocates this to the id<span class=\"_ _1\"></span>entified performance </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs198\">obligations in proportion to their relative standalone selling prices a<span class=\"_ _1\"></span>nd recognises revenue when (or while) </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs199\">those performance obligations are satisfied.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs19b\">The Group infrequently sells standard products with observable stan<span class=\"_ _1\"></span>dalone prices due to the specialised </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs19c\">services required by customers, consequently the Group applies judge<span class=\"_ _1\"></span>ment to determine an appropriate </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs19d\">standalone selling price. More frequently, the Group sells customers besp<span class=\"_ _1\"></span>oke solutions, and in these cases </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs19e\">the Group typically uses the expected cost-plus margin or a contractually state<span class=\"_ _1\"></span>d price approach to estimate </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls57 ws46 gs19f\">the standalone selling price of each performance obligation.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1a0\">The Group may offer price step downs during the life of a contract, but with<span class=\"_ _1\"></span> no change to the underlying </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1a1\">scope of services to be delivered. In general, any such variable consid<span class=\"_ _1\"></span>eration, price step down or discount </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1a2\">is included in the total transaction price to be allocated across all perfo<span class=\"_ _1\"></span>rmance obligations unless it relates </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1a3\">to only one performance obligation in a contract.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls57 ws46 gs1a4\">For each performance obligation to be recognised over-time, the Group applies a revenue r<span class=\"_ _2a\"></span>ecognition </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1a5\">method that faithfully depicts the Group\u2019s performance in transferring contro<span class=\"_ _1\"></span>l of the goods or services to the </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1a6\">customer. This decision requires assessment of the real nature of the go<span class=\"_ _1\"></span>ods or services that the Group has </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1a7\">promised to transfer to the customer. The Group applies the relevant o<span class=\"_ _1\"></span>utput or input method consistently to </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1a8\">similar performance obligations in other contracts.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1a9\">When using the output method, the Group recognises revenue<span class=\"_ _1\"></span> on the basis of direct measurements of the </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1aa\">value to the customer of the goods and services transferred to date re<span class=\"_ _1\"></span>lative to the remaining goods and </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1ab\">services under the contract. This is a faithful depiction of the transfer of services sin<span class=\"_ _1\"></span>ce the service delivered </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1ac\">to the customer is unchanged. Where the output method is used, in p<span class=\"_ _1\"></span>articular for long-term service </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1ad\">contracts where the series guidance is applied, the Group often use<span class=\"_ _1\"></span>s a method of time elapsed which </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1ae\">requires minimal estimation. Certain long-term contracts use output methods b<span class=\"_ _1\"></span>ased upon estimations of: </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1af\">user numbers; service activity levels; or fees collected.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1b0\">When transfer of control is most closely aligned to Group efforts in delivering the<span class=\"_ _1\"></span> service, the input method </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1b1\">is used to measure progress and revenue is recognised in direct prop<span class=\"_ _1\"></span>ortion to costs incurred. This is a </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1b2\">faithful depiction of the transfer of services because costs (or other inputs) mo<span class=\"_ _1\"></span>st accurately reflect the </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1b3\">incremental benefits received by the customer from efforts to date.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1b4\">If performance obligations in a contract do not meet the over-time criteria, the<span class=\"_ _1\"></span> Group recognises revenue at </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1b5\">a point-in-time when the service or good is delivered.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc6 sc0 ls9 ws1 gs1b6\">Contract modifications<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1b7\">The Group\u2019s contracts are often amended for changes in contract sp<span class=\"_ _1\"></span>ecifications and requirements. Contract </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1b8\">modifications exist when the amendment either creates new, or change<span class=\"_ _1\"></span>s existing, enforceable rights and </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1b9\">obligations. The effect of a contract modification on the transaction price<span class=\"_ _1\"></span> and the Group\u2019s measure of </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1ba\">progress for the performance obligation to which it relates, is recognised<span class=\"_ _1\"></span> as an adjustment to revenue in </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1bb\">one of the following ways:<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls57 ws46 gs1bc\">a)<span class=\"_ _42\"> </span><span class=\"ls9 ws1\">prospectively as an additional performance obligation (this is typically when new distinct goods or </span></div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1bd\">services are provided on an existing contact);<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls57 ws46 gs1be\">b)<span class=\"_ _42\"> </span><span class=\"ls9 ws1\">prospectively as a termination of the existing contract and creation of a new contract;<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1bf\">c)<span class=\"_ _18d\"> </span>as part of the orig<span class=\"_ _1\"></span>inal contract using a cumulative catch up (this is typically where the modification </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1c0\">changes the services provided to date); or,<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls57 ws46 gs1c1\">d)<span class=\"_ _42\"> </span><span class=\"ls9 ws1\">as a combination of (b) and (c).<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1c2\">In respect of contracts for which the Group has decided there is a series of d<span class=\"_ _1\"></span>istinct goods and services that </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1c3\">are substantially the same and have the same pattern of transfer where<span class=\"_ _1\"></span> revenue is recognised over-time, </div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1c4\">the modification will always be treated under either (a) or (b); (d) may arise whe<span class=\"_ _1\"></span>n a contract has a part-<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff57 fs5 fc7 sc0 ls9 ws1 gs1c5\">termination and a modification of the remaining performance oblig<span class=\"_ _1\"></span>ations.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1c7\">Judgement is applied in relation to the accounting for such modificatio<span class=\"_ _1\"></span>ns where the final terms or legal </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls57 ws46 gs1c8\">contracts have not been agreed prior to the period end because management needs to determine if a </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1c9\">modification has been approved and if it either creates new, or cha<span class=\"_ _1\"></span>nges existing, enforceable rights and </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls57 ws46 gs1ca\">obligations of the parties. Depending upon the outcome of such negotiations, the timi<span class=\"_ _2a\"></span>ng and amount of </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1cb\">revenue recognised may be different in the relevant accounting p<span class=\"_ _1\"></span>eriods. Modification and amendments to </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls57 ws46 gs1cc\">contracts are undertaken through an agreed formal process. For example, if a change i<span class=\"_ _2a\"></span>n scope has been </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls57 ws46 gs1cd\">approved but the corresponding change in price is still being negotiated, management uses <span class=\"_ _2a\"></span>judgement to </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1ce\">estimate the change in total transaction price. Importantly, any variable con<span class=\"_ _1\"></span>sideration is only recognised to </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1cf\">the extent that it is highly probable that no revenue reversal will occur. F<span class=\"_ _1\"></span>or example, if pricing is subject to </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1d0\">indexation based on an external metric (such as the Consumer Price Inde<span class=\"_ _1\"></span>x (CPI) or the Retail Price Index </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1d1\">(RPI)) then the revenue related to the indexation will only be recogn<span class=\"_ _1\"></span>ised once the relevant indexation is </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1d2\">confirmed. Future indexation will not be recognised because it is not h<span class=\"_ _1\"></span>ighly probable that a significant </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1d3\">reversal of an indexation adjustment will not occur.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc6 sc0 ls9 ws1 gs1d4\">Principal versus agent<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1d5\">The Group has arrangements with some of its customers whereby it needs to<span class=\"_ _1\"></span> determine if it acts as a </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1d6\">principal or an agent because more than one party is involved in<span class=\"_ _1\"></span> providing the goods and services to the </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1d7\">customer. The Group is a principal if it controls a promised good or service be<span class=\"_ _1\"></span>fore transferring that good or </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1d8\">service to the customer. The Group is an agent if its role is to arrange for an<span class=\"_ _1\"></span>other entity to provide the </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1d9\">goods or services. Factors considered in making this assessment are most notab<span class=\"_ _1\"></span>ly: the discretion the </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1da\">Group has in establishing the price for the specified good or service; whe<span class=\"_ _1\"></span>ther the Group has inventory risk; </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1db\">and whether or not the Group is primarily responsible for fulfilling the pro<span class=\"_ _1\"></span>mise to deliver the service or good.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1dc\">This assessment of control requires judgement particularly in relation to ce<span class=\"_ _1\"></span>rtain service contracts. An </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1dd\">example is the provision of certain recruitment and learning services where<span class=\"_ _1\"></span> the Group may be assessed to </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls57 ws46 gs1de\">be agent or principal dependent upon the facts and circumstances of the arrangement and the nature of<span class=\"_ _2a\"></span> the </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1df\">services being delivered.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1e0\">Where the Group is acting as a principal, revenue is recorded on a gro<span class=\"_ _1\"></span>ss basis. Where the Group is acting </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1e1\">as an agent, revenue is recorded on a net basis, recognising o<span class=\"_ _1\"></span>nly the commission or fee earned as </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls57 ws46 gs1e2\">revenue.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc6 sc0 ls57 ws46 gs1e3\">Licences<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1e4\">Software licences delivered by the Group can either be right to access (active<span class=\"_ _1\"></span>) or right to use (passive) </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1e5\">licences, which determines the timing of revenue recognition. The asse<span class=\"_ _1\"></span>ssment of whether a licence is active </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1e6\">or passive involves judgement.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1e7\">The key determinant of an active licence is whether or not the Group is re<span class=\"_ _1\"></span>quired to undertake continuing </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1e8\">activities that significantly affect the licensed intellectual property (or the custome<span class=\"_ _1\"></span>r has a reasonable </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1e9\">expectation that it will do so) and the customer is, therefore, exposed to po<span class=\"_ _1\"></span>sitive (or negative) impacts </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1ea\">resulting from those changes. Where the Group is responsible for any ma<span class=\"_ _1\"></span>intenance, continuing support, </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1eb\">updates and upgrades, then the sale of the initial software is not d<span class=\"_ _1\"></span>istinct. All other licences which have </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1ec\">significant standalone functionality are treated as passive licences.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1ed\">When software upgrades are sold as part of the software licence agre<span class=\"_ _1\"></span>ement (ie software upgrades are </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1ee\">promised to the customer), the Group applies judgement to assess wheth<span class=\"_ _1\"></span>er the software upgrades are </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1ef\">distinct from the licence (ie a separate performance obligation). If the upg<span class=\"_ _1\"></span>rades are considered fundamental </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1f0\">to the ongoing use of the software by the customer, the upgrade<span class=\"_ _1\"></span>s are not considered distinct and not </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls57 ws46 gs1f1\">accounted for as a separate performance obligation.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1f3\">For each contract that includes a separate licence performance ob<span class=\"_ _1\"></span>ligation, the Group considers all the facts </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1f4\">and circumstances in determining whether the licence revenue is recog<span class=\"_ _1\"></span>nised over-time (active) or at a point-<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1f5\">in-time (passive) from the go-live date of the licence.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc6 sc0 ls57 ws46 gs1f6\">Deferred and accrued income<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls57 ws46 gs1f7\">The Group\u2019s customer contracts include a diverse range of payment schedules dependent<span class=\"_ _2a\"></span> upon the nature </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls57 ws46 gs1f8\">and type of goods and/or services being provided. This can include performance-based pay<span class=\"_ _2a\"></span>ments or </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1f9\">progress payments as well as regular monthly or quarterly payments for ong<span class=\"_ _1\"></span>oing service delivery. Payments </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1fa\">for transactional goods and services may be at delivery date, in arrears o<span class=\"_ _1\"></span>r part payment in advance. The </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1fb\">long-term service contracts tend to have higher cash flows early in the contra<span class=\"_ _1\"></span>ct to cover transformational </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1fc\">activities.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls57 ws46 gs1fd\">Where payments received are greater than the revenue recognised up to the balance sheet date, the G<span class=\"_ _2a\"></span>roup </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs1fe\">recognises a deferred income contract liability for this difference. Where pa<span class=\"_ _1\"></span>yments received are less than </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls57 ws46 gs1ff\">the revenue recognised up to the balance sheet date, the Group recognises an accrued contract i<span class=\"_ _2a\"></span>ncome </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs200\">asset for this difference.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs201\">At each balance sheet date, the Group assesses whether there is any in<span class=\"_ _1\"></span>dication that accrued contract </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs202\">income assets may be impaired by considering whether or not any revenu<span class=\"_ _1\"></span>e reversal could occur. Where an </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs203\">indicator of impairment exists, the Group makes a formal estimate of the asset\u2019s recove<span class=\"_ _1\"></span>rable amount. </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs204\">Where the carrying amount of an asset exceeds its recoverable amoun<span class=\"_ _1\"></span>t, the asset is considered impaired </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs205\">and is written down to its recoverable amount.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff59 fs5 fc6 sc0 ls57 ws46 gs206\">Contract types<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs207\">The Group disaggregates revenue from contracts with customers by contra<span class=\"_ _1\"></span>ct type, because management </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs208\">believe this best depicts how the nature, amount, timing, and uncerta<span class=\"_ _1\"></span>inty of the Group\u2019s revenue and cash </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs209\">flows are affected by economic factors. Categories are: long-term contractual \u2013 g<span class=\"_ _1\"></span>reater than two years; </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs20a\">short-term contractual \u2013 less than two years; and transactional. The years b<span class=\"_ _1\"></span>eing measured from the service </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls57 ws46 gs20b\">commencement date.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc6 sc0 ls9 ws1 gs20c\">Long-term contractual \u2013 greater than two years<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs20d\">The Group provides a range of services under contracts with a duration<span class=\"_ _1\"></span> of more than two years. The nature </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs20e\">of contracts or performance obligations within this revenue type includes:<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs20f\">(i)<span class=\"_ _42\"> </span>long-term outsourced service arrangements in the public and private sectors; and<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs210\">(ii)<span class=\"_ _ec\"> </span>active software licence arrangements.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs211\">The majority of long-term contractual agreements form part of a series of distin<span class=\"_ _1\"></span>ct goods and services </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs212\">because they are substantially the same service; and have the same p<span class=\"_ _1\"></span>attern of transfer, since the series </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs213\">constitutes services provided in distinct time increments (eg daily, monthly, quarterly o<span class=\"_ _1\"></span>r annually), and </div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs214\">therefore treats the series as one performance obligation.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc6 sc0 ls9 ws1 gs215\">Short-term contractual \u2013 less than two years<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs216\">The nature of contracts or performance obligations within this revenu<span class=\"_ _1\"></span>e type includes:<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs217\">(i)<span class=\"_ _42\"> </span>short-term outsourced service arrangements in the public and private sectors; and<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5a fs5 fc7 sc0 ls9 ws1 gs218\">(ii)<span class=\"_ _ec\"> </span>software maintenance contracts.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5c fs5 fc7 sc0 ls9 ws1 gs21a\">The Group has assessed that maintenance and support (ie on<span class=\"_ _1\"></span>-call support, remote support) for software </div><div class=\"t m0 h38 ff5c fs5 fc7 sc0 ls9 ws1 gs21b\">licences is a performance obligation that can be considered capa<span class=\"_ _1\"></span>ble of being distinct and separately </div><div class=\"t m0 h38 ff5c fs5 fc7 sc0 ls9 ws1 gs21c\">identifiable in a contract if the customer has a passive licence. These recu<span class=\"_ _1\"></span>rring services are substantially </div><div class=\"t m0 h38 ff5c fs5 fc7 sc0 ls9 ws1 gs113\">the same because the nature of the promise is for the Group to \u2018stand re<span class=\"_ _1\"></span>ady\u2019 to perform maintenance and </div><div class=\"t m0 h38 ff5c fs5 fc7 sc0 ls9 ws1 gs21d\">support when required by the customer. Each day of \u2018standing ready\u2019 is d<span class=\"_ _1\"></span>istinct from each subsequent day </div><div class=\"t m0 h38 ff5c fs5 fc7 sc0 ls9 ws1 gs21e\">and is transferred in the same pattern to the customer.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5c fs5 fc6 sc0 ls9 ws1 gs21f\">Transactional (point-in-time) contracts<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5c fs5 fc7 sc0 ls9 ws1 gs220\">The Group delivers a range of goods or services in all reportable se<span class=\"_ _1\"></span>gments that are transactional services </div><div class=\"t m0 h38 ff5c fs5 fc7 sc0 ls9 ws1 gs118\">for which revenue is recognised at the point-in-time when control of the g<span class=\"_ _1\"></span>oods or services has transferred to </div><div class=\"t m0 h38 ff5c fs5 fc7 sc0 ls9 ws1 gs119\">the customer. This may be at the point of physical delivery of goods or service<span class=\"_ _1\"></span>s and acceptance by the </div><div class=\"t m0 h38 ff5c fs5 fc7 sc0 ls9 ws1 gs221\">customer or when the customer obtains control of an asset or service in a contra<span class=\"_ _1\"></span>ct with customer-specified </div><div class=\"t m0 h38 ff5c fs5 fc7 sc0 ls9 ws1 gs222\">acceptance criteria.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5c fs5 fc7 sc0 ls9 ws1 gs11c\">The nature of contracts or performance obligations within this revenu<span class=\"_ _1\"></span>e type includes:<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5c fs5 fc7 sc0 ls9 ws1 gs11d\">(i)<span class=\"_ _42\"> </span><span class=\"ls57 ws46\">provision of computing hardware goods;<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ff5c fs5 fc7 sc0 ls9 ws1 gs11e\">(ii)<span class=\"_ _ec\"> </span>passive software licence agreements; </div><div class=\"t m0 h38 ff5c fs5 fc7 sc0 ls9 ws1 gs11f\">(iii)<span class=\"_ _9\"> </span>commission received as agent from the sale of third-party software; and<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5c fs5 fc7 sc0 ls9 ws1 gs120\">(iv)<span class=\"_ _a\"> </span>fees received in relation to the delivery of professional services.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff61 fs5 fc7 sc0 ls57 ws46 gs27f\">Accounting policies<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs280\">IAS<span class=\"_ gs15\"> </span>1 <span class=\"ff63\">Presentation of Financial Statements</span> p<span class=\"_ _1\"></span>ermits an entity to present additional information for specific </div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs281\">items to enable users to better assess the entity\u2019s financial performance.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs282\">The Board has adopted a policy to disclose separately those items tha<span class=\"_ _1\"></span>t it considers are outside the </div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs283\">underlying operating results for the particular year under review an<span class=\"_ _1\"></span>d against which the Group\u2019s performance </div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs284\">is assessed internally. In the Board\u2019s judgement, these need to be d<span class=\"_ _1\"></span>isclosed separately by virtue of their </div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs285\">nature, size and/or incidence, for users of the consolidated financia<span class=\"_ _1\"></span>l statements to obtain an understanding </div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs286\">of the financial information and the underlying performance of th<span class=\"_ _1\"></span>e Group. In general, the Board believes that </div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs287\">alternative performance measures (APMs) are useful for investors because they p<span class=\"_ _1\"></span>rovide further clarity and </div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs288\">transparency of the Group\u2019s financial performance and are closely mon<span class=\"_ _1\"></span>itored by management to evaluate </div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs18f\">the Group\u2019s operating performance to facilitate financial, strategic and<span class=\"_ _1\"></span> operating decisions. Accordingly, </div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs190\">these items are also excluded from the discussion of divisional performance<span class=\"_ _1\"></span> in the strategic report. This </div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs289\">policy is kept under review by the Board and the Audit and Risk Committee<span class=\"_ _1\"></span>. Refer to Section<span class=\"_ gs15\"> </span>8.2 for further </div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs192\">details of the Group\u2019s APMs.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls57 ws46 gs28a\">The Board considers<span class=\"ls9 ws1\"> APMs to be helpful to the reader, but notes that APMs have certain limitations, </span></div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs28b\">including the exclusion of significant recurring and non-recurring items, a<span class=\"_ _1\"></span>nd may not be directly comparable </div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs28c\">with similarly titled measures presented by other companies.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs28d\">Those items excluded from the adjusted income statement are: busine<span class=\"_ _1\"></span>ss exits; amortisation and impairment </div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs197\">of acquired intangibles; impairment of goodwill; certain mark-to-market valua<span class=\"_ _1\"></span>tion changes that impact net </div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs28e\">finance expense/income; the costs associated with the cyber incident in March<span class=\"_ _1\"></span> 2023, and the costs </div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls57 ws46 gs199\">associated with the cost reduction programme announced in November 2023.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff61 fs5 fc7 sc0 ls57 ws46 gs290\">Amortisation and impairment of acquired intangible assets:<span class=\"ff62\"> the Group recognised acquired intangible </span></div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs291\">amortisation of <span class=\"ls57 ws46\">\u00a30.2m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a35.1m</span>). These charges are excluded from the adju<span class=\"_ _1\"></span>sted results of the Group </div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs292\">because they are non-cash items generated from historical acquisition<span class=\"_ _1\"></span> related activity. The charge is </div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs293\">included within administrative expenses.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff61 fs5 fc7 sc0 ls9 ws1 gs294\">Impairment of goodwill: <span class=\"ff62\">the Group carries on its balance she<span class=\"_ _1\"></span>et significant balances related to goodwill. </span></div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs295\">Goodwill is subject to annual impairment testing and any impairment charg<span class=\"_ _1\"></span>es are reported separately </div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs296\">because they are non-cash items generated from historical acquisition<span class=\"_ _1\"></span> related activity. The charge is </div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs297\">included within administrative expenses.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff61 fs5 fc7 sc0 ls57 ws46 gs298\">Net finance costs: <span class=\"ff62 ls9 ws1\">net finance costs excluded from adjusted profits relate to movements in the mark-to<span class=\"_ _1\"></span>-<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs299\">market value of forward foreign exchange contracts to cover anticipated<span class=\"_ _1\"></span> future costs and therefore have no </div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs29a\">equivalent offsetting transaction in the accounting records, also refer to<span class=\"_ _1\"></span> note<span class=\"_ gs15\"> </span><span class=\"ls57 ws46\">4.2.2.<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ff61 fs5 fc7 sc0 ls57 ws46 gs29b\">Business exits:<span class=\"ff62 ls9 ws1\"> the trading result of businesses exited, or in the process of being exited, an<span class=\"_ _1\"></span>d the gain or </span></div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs29c\">loss on disposals are excluded from the Group's adjusted results. <span class=\"_ _1\"></span>Note<span class=\"_ gs15\"> </span>2.8 provides further detail <span class=\"ls57 ws46\">regarding </span></div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs29d\">which income statement line items are impacted by business exits.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff61 fs5 fc7 sc0 ls57 ws46 gs29e\">Cyber incident:<span class=\"ff62 ls9 ws1\"> As detailed in the Chief Financial Officer's review, the Group has incurred excep<span class=\"_ _1\"></span>tional </span></div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs29f\">costs associated with the cyber incident. These costs comprise specialist professiona<span class=\"_ _1\"></span>l fees, recovery and </div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs2a0\">remediation costs and investment to reinforce Capita\u2019s cyber security environmen<span class=\"_ _1\"></span>t. A charge of <span class=\"ls57 ws46\">\u00a325.3m has </span></div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls57 ws46 gs2a1\">been recognised in the year ended 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\">, which excludes any potential insurance receipts </span></div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs2a2\">because they had not met the criteria for recognition. Please also refe<span class=\"_ _1\"></span>r to note<span class=\"_ gs15\"> </span><span class=\"ls57 ws46\">6.2</span> contingent liabilities<span class=\"ls57 ws46\">. The </span></div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs2a3\">charge is included within administrative expenses.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff61 fs5 fc7 sc0 ls57 ws46 gs2a4\">Cost reduction programme:<span class=\"ff62 ls9 ws1\"> As detailed in the Chief Financial Officer\u2019s review, the Group announced the </span></div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs2a5\">implementation of a significant cost reduction programme in November 20<span class=\"_ _1\"></span>23. A charge of <span class=\"ls57 ws46\">\u00a354.4m has been </span></div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls57 ws46 gs2a6\">recognised in the year ended 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> for the costs to deliver the cost reduction programme. This </span></div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs2a7\">includes redundancy and other costs of \u00a323.3m to deliver a <span class=\"_ _1\"></span>significant reduction in indirect support function </div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs2a8\">and overhead roles, and property related costs of \u00a331.1m arising fro<span class=\"_ _1\"></span>m the associated rationalisation of the </div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs2a9\">Group\u2019s property estate with impairment of right-of-use assets and property, p<span class=\"_ _1\"></span>lant &amp; equipment, and </div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs2aa\">provisions in respect of onerous property costs (refer to<span class=\"_ _1\"></span> notes 3.2, 3.5 and 3.6).<span class=\"ls57 ws46\"> The charge is included </span></div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs2ab\">within administrative expenses.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff62 fs5 fc7 sc0 ls9 ws1 gs2ac\">Refer to note<span class=\"_ gs15\"> </span>2.9.1 for the cash flow impact of the above.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff66 fs5 fc7 sc0 ls57 ws46 gs2bb\">Accounting policies<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls5e ws4d gs2bc\">Tax on <span class=\"_ _1\"></span>the profit or loss <span class=\"_ _1\"></span>for the year <span class=\"_ _1\"></span>comprises current and <span class=\"_ _1\"></span>deferred tax. Tax is <span class=\"_ _1\"></span>recognised in the <span class=\"_ _1\"></span>income </div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls5e ws4d gs2bd\">statement except <span class=\"_ _1\"></span>to the extent that <span class=\"_ _1\"></span>it relates to <span class=\"_ _1\"></span>items recognised directly <span class=\"_ _1\"></span>in equity or other <span class=\"_ _1\"></span>comprehensive </div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls5e ws4d gs2be\">income.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls9 ws1 gs2bf\">Current tax is the expected tax payable or receivable on the taxable<span class=\"_ _1\"></span> income or loss for the year, using tax </div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls9 ws1 gs2c0\">rates enacted or substantively enacted at the balance sheet date<span class=\"_ _1\"></span>, and any adjustment to tax payable in </div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls9 ws1 gs2c1\">respect of previous years.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls9 ws1 gs2c2\">Deferred tax is provided, using the liability method, on all temporary differen<span class=\"_ _1\"></span>ces at the balance sheet date </div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls9 ws1 gs2c3\">between the tax bases of assets and liabilities and their carrying amou<span class=\"_ _1\"></span>nts for financial reporting purposes.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls9 ws1 gs2c4\">Deferred tax liabilities are recognised for all taxable temporary difference<span class=\"_ _1\"></span>s:<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls9 ws1 gs2c5\">\u2022<span class=\"_ _ae\"> </span>except where the deferred tax liability arises from the in<span class=\"_ _1\"></span>itial recognition of goodwill;<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls9 ws1 gs2c6\">\u2022<span class=\"_ _ae\"> </span>except where the deferred tax liability arises from the in<span class=\"_ _1\"></span>itial recognition of an asset or liability in a </div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls9 ws1 gs2c7\">transaction that is not a business combination and, at the time of the tra<span class=\"_ _1\"></span>nsaction, affects neither the </div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls9 ws1 gs2c8\">accounting profit nor taxable profit or loss; and<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls9 ws1 gs2c9\">\u2022<span class=\"_ _ae\"> </span>in respect of taxable temporary differences associa<span class=\"_ _1\"></span>ted with investments in subsidiaries, associates and </div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls9 ws1 gs2ca\">interests in joint ventures, except where the timing of the reversal of the tempo<span class=\"_ _1\"></span>rary differences can be </div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls9 ws1 gs2cb\">controlled and it is probable that the temporary differences will not reve<span class=\"_ _1\"></span>rse in the foreseeable future.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls9 ws1 gs2cc\">The carrying amount of deferred tax assets is reviewed at each balan<span class=\"_ _1\"></span>ce sheet date and reduced to the </div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls9 ws1 gs2cd\">extent that it is no longer probable that sufficient taxable profit will be a<span class=\"_ _1\"></span>vailable to allow all or part of the </div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls9 ws1 gs2ce\">deferred tax asset to be utilised.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls9 ws1 gs2cf\">Deferred tax assets and liabilities are measured at the tax rates that are e<span class=\"_ _1\"></span>xpected to apply to the year when </div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls9 ws1 gs2d0\">the asset is realised or the liability is settled, based on tax rates (and tax laws) th<span class=\"_ _1\"></span>at have been enacted or </div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls57 ws46 gs2d1\">substantively enacted at the balance sheet date.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff6f fs5 fc7 sc0 ls9 ws1 gs36d\">Basic earnings/(loss) per share are calculated by dividing net profit for the p<span class=\"_ _1\"></span>eriod attributable to ordinary </div><div class=\"t m0 h38 ff6f fs5 fc7 sc0 ls57 ws46 gs2cc\">equity holders of the Parent Company by the weighted average number of ordinary shares<span class=\"_ _2a\"></span> outstanding </div><div class=\"t m0 h38 ff6f fs5 fc7 sc0 ls57 ws46 gs36e\">during the year.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff6f fs5 fc7 sc0 ls9 ws1 gs36f\">Diluted earnings/(loss) per share are calculated by dividing the net (loss)/p<span class=\"_ _1\"></span>rofit for the period attributable to </div><div class=\"t m0 h38 ff6f fs5 fc7 sc0 ls9 ws1 gs2cf\">ordinary equity holders of the Parent Company by the weighted avera<span class=\"_ _1\"></span>ge number of ordinary shares </div><div class=\"t m0 h38 ff6f fs5 fc7 sc0 ls57 ws46 gs2d0\">outstanding during the year plus the weighted average number of ordinary shares that would be i<span class=\"_ _2a\"></span>ssued on </div><div class=\"t m0 h38 ff6f fs5 fc7 sc0 ls9 ws1 gs2d1\">the conversion of all the dilutive potential ordinary shares into ordin<span class=\"_ _1\"></span>ary shares.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff71 fs5 fc7 sc0 ls57 ws46 gs37a\">Accounting policies<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff72 fs5 fc6 sc0 ls9 ws1 gs37b\">Business exits<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls9 ws1 gs37c\">Business exits are businesses that have been sold, exited during the p<span class=\"_ _1\"></span>eriod, or are in the process of being </div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls9 ws1 gs37d\">sold or exited in accordance with the Group's strategy. None of these b<span class=\"_ _1\"></span>usiness exits meets the definition of </div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls9 ws1 gs37e\">\u2018discontinued operations\u2019 as stipulated by IFRS<span class=\"_ gs15\"> </span>5 <span class=\"_ _1\"></span><span class=\"ff73\">Non-current Assets Held for Sale and Discontinued </span></div><div class=\"t m0 h38 ff73 fs5 fc7 sc0 ls57 ws46 gs37f\">Operations<span class=\"ff72 ls9 ws1\">, which requires comparative financial information to be restated where the relative<span class=\"_ _1\"></span> size of a </span></div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls9 ws1 gs380\">disposal or business closure is significant, which is normally understood to mea<span class=\"_ _1\"></span>n a reported segment.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls9 ws1 gs381\">However, the trading result of these businesses, non-trading expense<span class=\"_ _1\"></span>s, and any gain/loss on disposal, have </div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls9 ws1 gs382\">been excluded from adjusted results. To enable a like-for-like compariso<span class=\"_ _1\"></span>n of adjusted results, the <span class=\"ls57 ws46\">2022</span> </div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls9 ws1 gs383\">comparatives have been re-presented to exclude the businesse<span class=\"_ _1\"></span>s classified as business exits during <span class=\"ls57 ws46\">2023</span>.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff72 fs5 fc6 sc0 ls9 ws1 gs384\">Assets held for sale<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls9 ws1 gs385\">The Group classifies a non-current asset (or disposal group) as held fo<span class=\"_ _1\"></span>r sale if its carrying amount will be </div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls9 ws1 gs386\">recovered principally through a sale transaction rather than contin<span class=\"_ _1\"></span>ued use. For this to be the case, the asset </div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls9 ws1 gs387\">(or disposal group) must be available for immediate sale in its present con<span class=\"_ _1\"></span>dition subject only to terms that </div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls9 ws1 gs388\">are usual and customary for sales of such assets (or disposal groups) and<span class=\"_ _1\"></span> its sale must be highly probable. </div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls9 ws1 gs389\">For the sale to be highly probable, the appropriate level of ma<span class=\"_ _1\"></span>nagement must be committed to a plan to sell </div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls9 ws1 gs38a\">the asset (or disposal group), and an active programme to locate a bu<span class=\"_ _1\"></span>yer and complete the plan must have </div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls9 ws1 gs38b\">been initiated. Further, the asset (or disposal group) must be actively ma<span class=\"_ _1\"></span>rketed for sale at a price that is </div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls9 ws1 gs38c\">reasonable in relation to its current fair value, and, the sale should b<span class=\"_ _1\"></span>e expected to be completed within one </div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls9 ws1 gs38d\">year from the date of classification.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls9 ws1 gs38e\">Based on the above requirements, individual businesses will only reach<span class=\"_ _1\"></span> the criteria to be treated as held for </div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls9 ws1 gs38f\">sale when their disposal is seen to be highly probable, and expe<span class=\"_ _1\"></span>cted to complete within the following twelve </div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls9 ws1 gs390\">months. At <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span> one business (the Group\u2019s 75% shareholding in Fera Scie<span class=\"_ _1\"></span>nce Limited </div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls9 ws1 gs391\">(Fera)) was deemed to have met this threshold. At <span class=\"_ _1\"></span><span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2022<span class=\"ls9 ws1\"> </span>no disposals wer<span class=\"_ _2a\"></span>e deemed to have </span></div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls9 ws1 gs392\">met this threshold.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls57 ws46 gs394\">Trading revenue and costs represent the current period trading performance of the above bus<span class=\"_ _2a\"></span>inesses up to </div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls57 ws46 gs395\">the point of being disposed or exited, and in the comparative period those businesses di<span class=\"_ _2a\"></span>sposed of during </div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls9 ws1 gs260\">2022 (AMT Sybex, Secure Solutions and Services, Trustmarque, Speciality Insura<span class=\"_ _1\"></span>nce, Real estate and </div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls9 ws1 gs261\">infrastructure consultancy, Optima Legal Services, Pay360, and Capita Tran<span class=\"_ _1\"></span>slation and Interpreting).<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls57 ws46 gs32c\">Trading expenses <span class=\"ls9 ws1\">primarily comprise payroll costs of \u00a3121.0m (</span>2022<span class=\"ls9 ws1\">: </span>\u00a3307.2m), information technology </div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls9 ws1 gs32d\">costs of \u00a318.5m (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a350.0m)</span>,<span class=\"ls57 ws46\"> and the </span>de-recognition of non-current contract fulfilmen<span class=\"_ _1\"></span>t assets on the </div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls9 ws1 gs264\">early termination of a customer contract within the business being exited in<span class=\"_ _1\"></span> Capita Public Service of <span class=\"ls57 ws46\">\u00a38.2m</span> </div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls9 ws1 gs265\">(<span class=\"ls57 ws46\">2022</span>: \u00a3nil).<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls9 ws1 gs32e\">Non-trading administrative expenses include: asset impairments of <span class=\"_ _1\"></span><span class=\"ls57 ws46\">\u00a325.4m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: \u00a3</span>nil<span class=\"ls9 ws1\">); disposal project </span></span></div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls9 ws1 gs27c\">costs of <span class=\"ls57 ws46\">\u00a35.6m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a314.4m</span>); other costs including staff and redundancy costs of <span class=\"_ _1\"></span><span class=\"ls57 ws46\">\u00a32.6m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a38.7m<span class=\"ls9 ws1\">); </span></span></div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls57 ws46 gs27d\">and, other income of \u00a30.6m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a3nil<span class=\"ls9 ws1\">). The asset impairments arising in </span>2023<span class=\"ls9 ws1\"> include goodwill within<span class=\"_ _1\"></span> </span></div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls9 ws1 gs106\">assets held for sale of <span class=\"ls57 ws46\">\u00a318.1m</span>, <span class=\"ls57 ws46\">property, plant and equipment of \u00a37.1m</span> (refer to note 3.2) <span class=\"ls57 ws46\">and right-of-use-<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ff72 fs5 fc7 sc0 ls9 ws1 gs269\">assets of <span class=\"ls57 ws46\">\u00a30.2m</span> (refer to note<span class=\"_ gs15\"> </span>3.5).<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff78 fs5 fc7 sc0 ls57 ws46 gs3a9\">Accounting policies<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff79 fs5 fc7 sc0 ls9 ws1 gs3aa\">Cash and short-term deposits in the balance sheet comprise cash at ba<span class=\"_ _1\"></span>nk and in-hand and short-term deposits with an original maturity of three months or less. In the consolidated cash flow statement, cash<span class=\"_ _1\"></span> and cash </div><div class=\"t m0 h38 ff79 fs5 fc7 sc0 ls9 ws1 gs3ab\">equivalents consist of cash and short-term deposits net of outstanding<span class=\"_ _1\"></span> bank overdrafts and include cash and overdrafts within disposal group assets and liabilities held for sale. Cash at bank earns in<span class=\"_ _1\"></span>terest at fixed and </div><div class=\"t m0 h38 ff79 fs5 fc7 sc0 ls9 ws1 gs3ac\">floating rates based on prevailing bank deposit rates.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff80 fs5 fc7 sc0 ls57 ws46 gs3e5\">Accounting policies<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff80 fs5 fc7 sc0 ls57 ws46 gs3e6\">Trade receivables: <span class=\"ff81 ls9 ws1\">Trade receivables are initially recognised at cost (being the same as fair valu<span class=\"_ _1\"></span>e) and </span></div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls9 ws1 gs3e7\">subsequently at amortised cost less any provision for impairment, to ensure th<span class=\"_ _1\"></span>e amounts recognised </div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls57 ws46 gs3e8\">represent their recoverable amount.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff80 fs5 fc7 sc0 ls9 ws1 gs3e9\">Impairment:<span class=\"ff81\"> For trade receivables, the Group applies the simplified a<span class=\"_ _1\"></span>pproach permitted by IFRS<span class=\"_ gs15\"> </span>9 </span></div><div class=\"t m0 h38 ff82 fs5 fc7 sc0 ls57 ws46 gs3ea\">Financial Instruments<span class=\"ff81 ls9 ws1\">, resulting in trade receivables recognised and carried at original invoice amoun<span class=\"_ _1\"></span>t less </span></div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls9 ws1 gs3eb\">an allowance for any uncollectible amounts based on expected cre<span class=\"_ _1\"></span>dit losses. Where the carrying amount of </div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls9 ws1 gs3ec\">an asset exceeds its recoverable amount, the asset is considered impaire<span class=\"_ _1\"></span>d and is written down to its </div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls57 ws46 gs3ed\">recoverable amount.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls9 ws1 gs3ee\">The Group monitors the level of trade receivables on a monthly basis, co<span class=\"_ _1\"></span>ntinually assessing the risk of </div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls9 ws1 gs3ef\">default by any counterparty. Each customer has an external credit score wh<span class=\"_ _1\"></span>ich determines the level of credit </div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls57 ws46 gs3f0\">provided.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff80 fs5 fc7 sc0 ls57 ws46 gs3f1\">Derecognition:<span class=\"ff81 ls9 ws1\"> A financial asset (or, where applicable, a part of a financial asset or part of a gro<span class=\"_ _1\"></span>up of </span></div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls9 ws1 gs3f2\">similar financial assets) is derecognised (ie removed from the Group\u2019s consolidate<span class=\"_ _1\"></span>d balance sheet) when (i) </div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls9 ws1 gs3f3\">the rights to receive the cash flows from the asset have expired; or, (ii) the Group h<span class=\"_ _1\"></span>as transferred its right to </div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls9 ws1 gs3f4\">receive cash flows from the asset or has assumed an obligation to pay the<span class=\"_ _1\"></span> received cash flows in full </div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls9 ws1 gs3f5\">without material delay to a third party under a \u2018pass-through\u2019 arrang<span class=\"_ _1\"></span>ement; and either (a) the Group has </div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls9 ws1 gs3f6\">transferred substantially all the risk and rewards of the asset; or, (b) the Group<span class=\"_ _1\"></span> has neither transferred nor </div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls9 ws1 gs3f7\">retained substantially all the risks and rewards of the asset, but has transfe<span class=\"_ _1\"></span>rred control of the asset.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls9 ws1 gs3f8\">Trade receivables that are sold without recourse are derecognise<span class=\"_ _1\"></span>d at the point of sale when the risks and </div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls9 ws1 gs3f9\">rewards of the receivables have been fully transferred.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff80 fs5 fc7 sc0 ls57 ws46 gs3fa\">Accrued income: <span class=\"ff81 ls9 ws1\">Accrued income in relation to contract assets is recognised when payments receive<span class=\"_ _1\"></span>d </span></div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls9 ws1 gs3fb\">from customers are less than the revenue recognised by the balance<span class=\"_ _1\"></span> sheet date.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff83 fs5 fc7 sc0 ls57 ws46 gs423\">Accounting policies<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs424\">The Group regularly incurs costs to deliver its outsourcing services in a more efficie<span class=\"_ _1\"></span>nt way (often referred to </div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs425\">as \u2018transformation\u2019 costs). These costs may include process mapping and desig<span class=\"_ _1\"></span>n, system development, </div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs426\">project management, hardware (generally within the scope of the Gro<span class=\"_ _1\"></span>up\u2019s accounting policy for property, </div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs427\">plant and equipment), software licence costs (generally within the scope<span class=\"_ _1\"></span> of the Group\u2019s accounting policy </div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs428\">for intangible assets), recruitment costs and training.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs429\">Contract fulfilment costs are divided into: (i) costs that give rise to an asset; and (ii) costs th<span class=\"_ _1\"></span>at are expensed </div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs42a\">as incurred.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs42b\">When determining the appropriate accounting treatment for such co<span class=\"_ _1\"></span>sts, the Group firstly considers any </div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs42c\">other applicable standards. If those other standards preclude ca<span class=\"_ _1\"></span>pitalisation of a particular cost, then an </div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs42d\">asset is not recognised under IFRS<span class=\"_ gs15\"> </span>15 <span class=\"ff85\">Revenue fro<span class=\"_ _1\"></span>m Contracts with Customers<span class=\"ff84\">.<span class=\"_ _2b5\"> </span></span></span></div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs42f\">If other standards are not applicable to contract fulfilment costs, the Group<span class=\"_ _1\"></span> applies the following criteria </div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs430\">which, if met, result in capitalisation of costs that: (i) directly relate to a contract or to a spe<span class=\"_ _1\"></span>cifically </div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs431\">identifiable anticipated contract; (ii) generate or enhance resou<span class=\"_ _1\"></span>rces that will be used in satisfying (or in </div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs432\">continuing to satisfy) performance obligations in the future; and (iii) are e<span class=\"_ _1\"></span>xpected to be recovered.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs433\">The Group has determined that, where the relevant specific criteria are me<span class=\"_ _1\"></span>t, the costs for (i) process </div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs434\">mapping and design; (ii) system development; and (iii) project manage<span class=\"_ _1\"></span>ment; are likely to qualify to be </div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs435\">capitalised as contract fulfilment assets.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs436\">The incremental costs of obtaining a contract with a customer are recogn<span class=\"_ _1\"></span>ised as a contract fulfilment asset </div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs437\">if the Group expects to recover them. The Group incurs costs such as bid costs, lega<span class=\"_ _1\"></span>l fees to draft a </div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs438\">contract and sales commissions when it enters into a new contract.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs439\">The Group has determined that the following costs may be capitalised a<span class=\"_ _1\"></span>s contract fulfilment assets: (i) legal </div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs43a\">fees to draft a contract after the Group has been selected as preferre<span class=\"_ _1\"></span>d supplier; and (ii) sales commissions </div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs43b\">directly related to winning a specific contract.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs43c\">Costs incurred prior to selection as preferred supplier are not capitalised<span class=\"_ _1\"></span> but expensed when incurred.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff83 fs5 fc7 sc0 ls9 ws1 gs43d\">Utilisation:<span class=\"ff84\"> The utilisation charge is included within cost of sales. Th<span class=\"_ _1\"></span>e Group utilises non-current contract </span></div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs43e\">fulfilment assets over the expected contract period on a systematic basis that mirro<span class=\"_ _1\"></span>rs the pattern in which </div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs43f\">the Group transfers control of the service to the customer.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff83 fs5 fc7 sc0 ls57 ws46 gs440\">Derecognition: <span class=\"ff84 ls9 ws1\">A non-current contract fulfilment asset is derecognised either when it is disposed<span class=\"_ _1\"></span> of or </span></div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs441\">when no further economic benefits are expected to flow from its use or disp<span class=\"_ _1\"></span>osal.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff83 fs5 fc7 sc0 ls9 ws1 gs442\">Impairment:<span class=\"ff84\"> At each balance sheet date, the Group determines wh<span class=\"_ _1\"></span>ether or not the non-current contract </span></div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs443\">fulfilment assets are impaired by comparing the carrying amount of the asset with<span class=\"_ _1\"></span> the remaining amount of </div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs444\">consideration that the Group expects to receive less the costs that relate to<span class=\"_ _1\"></span> providing services under the </div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs445\">relevant contract. In determining the estimated amount of consideratio<span class=\"_ _1\"></span>n, the Group uses the same </div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs446\">principles as it does to determine the contract transaction price, except tha<span class=\"_ _1\"></span>t any constraints used to reduce </div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs447\">the transaction price are removed for the impairment test.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff86 fs5 fc7 sc0 ls57 ws46 gs461\">Accounting policies<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff87 fs5 fc7 sc0 ls9 ws1 gs462\">Property, plant and equipment is stated at cost less accumulated depre<span class=\"_ _1\"></span>ciation and any impairment in value.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff86 fs5 fc7 sc0 ls57 ws46 gs463\">Depreciation: <span class=\"ff87 ls9 ws1\">Depreciation is calculated on a straight-line basis over the estimated useful life<span class=\"_ _1\"></span> of the asset, </span></div><div class=\"t m0 h38 ff87 fs5 fc7 sc0 ls9 ws1 gs464\">as follows:<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff87 fs5 fc7 sc0 ls9 ws1 gs465\">\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">Freehold buildings and long leasehold property \u2013 up to 50 years.<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ff87 fs5 fc7 sc0 ls9 ws1 gs466\">\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">Leasehold improvements \u2013 period of the lease.<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ff87 fs5 fc7 sc0 ls9 ws1 gs467\">\u2022<span class=\"_ _ae\"> </span>Plant and machinery \u2013 3 to 10 years.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff86 fs5 fc7 sc0 ls9 ws1 gs468\">Impairment: <span class=\"ff87\">The carrying values of property, plant and equipme<span class=\"_ _1\"></span>nt are reviewed for impairment when </span></div><div class=\"t m0 h38 ff87 fs5 fc7 sc0 ls9 ws1 gs469\">events or changes in circumstances indicate that the carrying value may no<span class=\"_ _1\"></span>t be recoverable. If any such </div><div class=\"t m0 h38 ff87 fs5 fc7 sc0 ls57 ws46 gs46a\">indication <span class=\"ls60 ws4f\">exists and where the carrying <span class=\"_ _1\"></span>values exceed the estimated recoverable amount, th<span class=\"_ _1\"></span>e assets are </span></div><div class=\"t m0 h38 ff87 fs5 fc7 sc0 ls60 ws4f gs46b\">written down <span class=\"ls9 ws1\">to their recoverable amou<span class=\"_ _1\"></span>nt. The recoverable amount of property, plant and equipment is the </span></div><div class=\"t m0 h38 ff87 fs5 fc7 sc0 ls9 ws1 gs46c\">greater of net selling price and value-in-use. In assessing value-in-use<span class=\"_ _1\"></span>, the estimated future cash flows are </div><div class=\"t m0 h38 ff87 fs5 fc7 sc0 ls9 ws1 gs46d\">discounted to their present value using a pre-tax discount rate tha<span class=\"_ _1\"></span>t reflects current market assessments of </div><div class=\"t m0 h38 ff87 fs5 fc7 sc0 ls9 ws1 gs46e\">the time value of money and the risks specific to the asset. For an asset that d<span class=\"_ _1\"></span>oes not generate largely </div><div class=\"t m0 h38 ff87 fs5 fc7 sc0 ls9 ws1 gs46f\">independent cash inflows, the recoverable amount is determined<span class=\"_ _1\"></span> for the cash-generating unit to which the </div><div class=\"t m0 h38 ff87 fs5 fc7 sc0 ls9 ws1 gs470\">asset belongs. Impairment losses are disclosed as administrative expenses in<span class=\"_ _1\"></span> the consolidated income </div><div class=\"t m0 h38 ff87 fs5 fc7 sc0 ls9 ws1 gs471\">statement.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff86 fs5 fc7 sc0 ls57 ws46 gs472\">Derecognition: <span class=\"ff87 ls9 ws1\">An item of property, plant and equipment is derecognised on disposal, o<span class=\"_ _1\"></span>r when no future </span></div><div class=\"t m0 h38 ff87 fs5 fc7 sc0 ls9 ws1 gs473\">economic benefits are expected to arise from the continued use of th<span class=\"_ _1\"></span>e asset (retired). Any gain or loss </div><div class=\"t m0 h38 ff87 fs5 fc7 sc0 ls9 ws1 gs474\">arising on derecognition of the asset, calculated as the difference<span class=\"_ _1\"></span> between the net disposal proceeds and </div><div class=\"t m0 h38 ff87 fs5 fc7 sc0 ls9 ws1 gs475\">the carrying value of the asset, is included in the consolidated income<span class=\"_ _1\"></span> statement when the asset is </div><div class=\"t m0 h38 ff87 fs5 fc7 sc0 ls57 ws46 gs476\">derecognised.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff8a fs5 fc7 sc0 ls57 ws46 gs484\">Accounting policies<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff8b fs5 fc7 sc0 ls9 ws1 gs485\">Intangible assets acquired separately are capitalised at cost and tho<span class=\"_ _1\"></span>se identified in a business acquisition </div><div class=\"t m0 h38 ff8b fs5 fc7 sc0 ls9 ws1 gs486\">are capitalised at fair value at the date of acquisition. In the case of ca<span class=\"_ _1\"></span>pitalised software development costs, </div><div class=\"t m0 h38 ff8b fs5 fc7 sc0 ls9 ws1 gs487\">research expenditure is written off to the consolidated income statemen<span class=\"_ _1\"></span>t when it is incurred. Development </div><div class=\"t m0 h38 ff8b fs5 fc7 sc0 ls9 ws1 gs488\">expenditure is similarly written off until the Group is satisfied as to the technical, commercia<span class=\"_ _1\"></span>l and financial </div><div class=\"t m0 h38 ff8b fs5 fc7 sc0 ls9 ws1 gs489\">viability of individual projects. Where this condition is satisfied, the developme<span class=\"_ _1\"></span>nt expenditure is capitalised </div><div class=\"t m0 h38 ff8b fs5 fc7 sc0 ls9 ws1 gs48a\">and amortised over the period during which the Group is expected to<span class=\"_ _1\"></span> benefit.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff8b fs5 fc7 sc0 ls9 ws1 gs48b\">Following initial recognition, the carrying amount of an intangible a<span class=\"_ _1\"></span>sset is its cost less accumulated </div><div class=\"t m0 h38 ff8b fs5 fc7 sc0 ls9 ws1 gs48c\">amortisation and impairment losses. The useful lives of intangible assets a<span class=\"_ _1\"></span>re assessed to be either finite or </div><div class=\"t m0 h38 ff8b fs5 fc7 sc0 ls9 ws1 gs48d\">indefinite. There were no indefinite-lived assets in <span class=\"_ _1\"></span><span class=\"ls57 ws46\">2023<span class=\"ls9 ws1\"> or </span>2022<span class=\"ls9 ws1\">.<span class=\"_ _2b5\"> </span></span></span></div><div class=\"t m0 h38 ff8a fs5 fc7 sc0 ls9 ws1 gs48e\">Amortisation:<span class=\"ff8b fc6\"> <span class=\"fc7\">Amortisation is charged on assets with finite lives<span class=\"_ _1\"></span>. The amortisation method used reflects the </span></span></div><div class=\"t m0 h38 ff8b fs5 fc7 sc0 ls9 ws1 gs48f\">expected pattern of consumption of future economic benefits and<span class=\"_ _1\"></span> generally amortised on a straight-line </div><div class=\"t m0 h38 ff8b fs5 fc7 sc0 ls9 ws1 gs490\">basis, the amortisation periods used are as follows:<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff8b fs5 fc7 sc0 ls9 ws1 gs491\">\u2022<span class=\"_ _ae\"> </span>Intangible assets acquired in business combin<span class=\"_ _1\"></span>ations \u2013 1.5 to 20 years.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff8b fs5 fc7 sc0 ls9 ws1 gs492\">\u2022<span class=\"_ _ae\"> </span>Intangible assets purchased or internally cap<span class=\"_ _1\"></span>italised \u2013 3 to 20 years.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff8a fs5 fc7 sc0 ls9 ws1 gs493\">Impairment:<span class=\"ff8b\"> Intangible assets with finite lives are only tested for impairment, e<span class=\"_ _1\"></span>ither individually or at the </span></div><div class=\"t m0 h38 ff8b fs5 fc7 sc0 ls9 ws1 gs494\">cash-generating unit level, when there is an indicator of impairment.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff8a fs5 fc7 sc0 ls57 ws46 gs495\">Derecognition: <span class=\"ff8b\">Intangible assets are derecognised upon disposal, or when no future economic benefit<span class=\"_ _2a\"></span>s are </span></div><div class=\"t m0 h38 ff8b fs5 fc7 sc0 ls9 ws1 gs496\">expected to arise from the continued use of the asset (retired). Any gain<span class=\"_ _1\"></span> or loss arising on derecognition of </div><div class=\"t m0 h38 ff8b fs5 fc7 sc0 ls9 ws1 gs497\">the asset, calculated as the difference between the net disposal pro<span class=\"_ _1\"></span>ceeds and the carrying value of the </div><div class=\"t m0 h38 ff8b fs5 fc7 sc0 ls9 ws1 gs498\">asset, is included in the consolidated income statement when the asset is d<span class=\"_ _1\"></span>erecognised.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff8a fs5 fc7 sc0 ls57 ws46 gs49a\">The measurement of intangible assets other than goodwill in a business combination: <span class=\"ff8b\">on the </span></div><div class=\"t m0 h38 ff8b fs5 fc7 sc0 ls9 ws1 gs49b\">acquisition of a business, the identifiable intangible assets may include<span class=\"_ _1\"></span> licences, customer lists and brands. </div><div class=\"t m0 h38 ff8b fs5 fc7 sc0 ls9 ws1 gs49c\">The fair value of these assets is determined by discounting estimated fu<span class=\"_ _1\"></span>ture net cash flows generated by </div><div class=\"t m0 h38 ff8b fs5 fc7 sc0 ls9 ws1 gs49d\">the asset because in most cases no active market for the assets exists and there<span class=\"_ _1\"></span>fore no observable value </div><div class=\"t m0 h38 ff8b fs5 fc7 sc0 ls9 ws1 gs49e\">exists. The use of different assumptions for the expectations of future cash<span class=\"_ _1\"></span> flows and the discount rate </div><div class=\"t m0 h38 ff8b fs5 fc7 sc0 ls57 ws46 gs49f\">would change the valuation of the intangible assets.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff8a fs5 fc7 sc0 ls57 ws46 gs4a0\">The assessment of costs capitalised as intangible assets to generate future economic benefits:<span class=\"ff8b ls9 ws1\"> </span></div><div class=\"t m0 h38 ff8b fs5 fc7 sc0 ls9 ws1 gs4a1\">judgement is applied in assessing whether costs incurred, both intern<span class=\"_ _1\"></span>al and external, will generate future </div><div class=\"t m0 h38 ff8b fs5 fc7 sc0 ls9 ws1 gs4a2\">economic benefits. Judgements and estimates are applied in dete<span class=\"_ _1\"></span>rmining the carrying value of the assets, </div><div class=\"t m0 h38 ff8b fs5 fc7 sc0 ls9 ws1 gs4a3\">including assumptions made in respect of the status of the programme e<span class=\"_ _1\"></span>ach asset relates to. Given the </div><div class=\"t m0 h38 ff8b fs5 fc7 sc0 ls9 ws1 gs4a4\">level of judgement and estimation involved in assessing future cash flows, it is re<span class=\"_ _1\"></span>asonably possible that </div><div class=\"t m0 h38 ff8b fs5 fc7 sc0 ls9 ws1 gs4a5\">outcomes within the next financial year may be different from managemen<span class=\"_ _1\"></span>t\u2019s assumptions and require an </div><div class=\"t m0 h38 ff8b fs5 fc7 sc0 ls9 ws1 gs4a6\">adjustment to the carrying value of intangible assets, however any ad<span class=\"_ _1\"></span>justment is not expected to be </div><div class=\"t m0 h38 ff8b fs5 fc7 sc0 ls9 ws1 gs4a7\">material.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff8e fs5 fc7 sc0 ls57 ws46 gs4af\">Accounting policies<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff8f fs5 fc7 sc0 ls9 ws1 gs4b0\">Following initial recognition, goodwill is stated at cost less any accumulated imp<span class=\"_ _1\"></span>airment losses. Goodwill is </div><div class=\"t m0 h38 ff8f fs5 fc7 sc0 ls9 ws1 gs181\">reviewed for impairment annually or more frequently if events or change<span class=\"_ _1\"></span>s in circumstances indicate that the </div><div class=\"t m0 h38 ff8f fs5 fc7 sc0 ls9 ws1 gs4b1\">carrying value may be impaired. Goodwill arising on acquisitions prior to 31<span class=\"_ _1\"></span><span class=\"_ gs15\"> </span>December 1997 remains set off </div><div class=\"t m0 h38 ff8f fs5 fc7 sc0 ls9 ws1 gs4b2\">directly against reserves and does not get recycled through the con<span class=\"_ _1\"></span>solidated income statement.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff8f fs5 fc7 sc0 ls9 ws1 gs4b3\">At the acquisition date, any goodwill acquired is allocated to the cash-g<span class=\"_ _1\"></span>enerating units (CGU) which are </div><div class=\"t m0 h38 ff8f fs5 fc7 sc0 ls9 ws1 gs4b4\">expected to benefit from the combination\u2019s synergies. Impairment is determin<span class=\"_ _1\"></span>ed by assessing the </div><div class=\"t m0 h38 ff8f fs5 fc7 sc0 ls9 ws1 gs280\">recoverable amount of the CGU to which the goodwill relates. Where the re<span class=\"_ _1\"></span>coverable amount of the CGU is </div><div class=\"t m0 h38 ff8f fs5 fc7 sc0 ls9 ws1 gs281\">less than the carrying amount, an impairment loss is recognised. Where go<span class=\"_ _1\"></span>odwill forms part of a CGU and </div><div class=\"t m0 h38 ff8f fs5 fc7 sc0 ls9 ws1 gs4b5\">part of the operation within that unit is disposed of, the goodwill associa<span class=\"_ _1\"></span>ted with the operation disposed of is </div><div class=\"t m0 h38 ff8f fs5 fc7 sc0 ls9 ws1 gs189\">included in the carrying amount of the operation when determinin<span class=\"_ _1\"></span>g the gain or loss on disposal of the </div><div class=\"t m0 h38 ff8f fs5 fc7 sc0 ls9 ws1 gs18a\">operation. Goodwill disposed of in these circumstances is measured on th<span class=\"_ _1\"></span>e basis of the relative values of </div><div class=\"t m0 h38 ff8f fs5 fc7 sc0 ls57 ws46 gs18b\">the operation disposed of and the portion of the CGU retained.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff8f fs5 fc7 sc0 ls9 ws1 gs4b6\">Acquisitions and disposals of non-controlling interests that do not result in<span class=\"_ _1\"></span> a change of control are </div><div class=\"t m0 h38 ff8f fs5 fc7 sc0 ls9 ws1 gs4b7\">accounted for as transactions with owners in their capacity as owners and the<span class=\"_ _1\"></span>refore no goodwill is </div><div class=\"t m0 h38 ff8f fs5 fc7 sc0 ls9 ws1 gs288\">recognised as a result of such transactions. The adjustments to non-co<span class=\"_ _1\"></span>ntrolling interests are based on a </div><div class=\"t m0 h38 ff8f fs5 fc7 sc0 ls9 ws1 gs18f\">proportionate amount of the net assets of the subsidiary. Any differen<span class=\"_ _1\"></span>ce between the price paid or received </div><div class=\"t m0 h38 ff8f fs5 fc7 sc0 ls9 ws1 gs190\">and the amount by which non-controlling interests are adjusted is re<span class=\"_ _1\"></span>cognised directly in equity and </div><div class=\"t m0 h38 ff8f fs5 fc7 sc0 ls9 ws1 gs289\">attributed to the owners of the Parent company.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff8f fs5 fc7 sc0 ls9 ws1 gs4b8\">Prior to the adoption of IAS<span class=\"_ gs15\"> </span>27 <span class=\"ff90 ls57 ws46\">Separate Financial Statements (Amended)</span>, goodwill was recognised on<span class=\"_ _1\"></span> the </div><div class=\"t m0 h38 ff8f fs5 fc7 sc0 ls9 ws1 gs28a\">acquisition of non-controlling interests in a subsidiary, which represente<span class=\"_ _1\"></span>d the excess of the cost of the </div><div class=\"t m0 h38 ff8f fs5 fc7 sc0 ls9 ws1 gs28b\">additional investment over the carrying amount of the interest in the n<span class=\"_ _1\"></span>et assets acquired at the date of the </div><div class=\"t m0 h38 ff8f fs5 fc7 sc0 ls9 ws1 gs28c\">transaction.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff8e fs5 fc7 sc0 ls9 ws1 gs28d\">Impairment of goodwill:<span class=\"ff8f\"> the Group determines whether goo<span class=\"_ _1\"></span>dwill is impaired on an annual basis, or more </span></div><div class=\"t m0 h38 ff8f fs5 fc7 sc0 ls9 ws1 gs197\">frequently if required, and this requires an estimation of the recovera<span class=\"_ _1\"></span>ble amount of the CGUs to which the </div><div class=\"t m0 h38 ff8f fs5 fc7 sc0 ls9 ws1 gs28e\">intangible assets are allocated utilising an estimation of future cash flows a<span class=\"_ _1\"></span>nd choosing a suitable discount </div><div class=\"t m0 h38 ff8f fs5 fc7 sc0 ls57 ws46 gs199\">rate.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff95 fs5 fc7 sc0 ls57 ws46 gs528\">Accounting policies<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff96 fs5 fc7 sc0 ls9 ws1 gs38b\">At the inception of the lease, the Group recognises a right-of-use asse<span class=\"_ _1\"></span>t at cost, which comprises the present </div><div class=\"t m0 h38 ff96 fs5 fc7 sc0 ls9 ws1 gs38c\">value of minimum future lease payments determined at the inception o<span class=\"_ _1\"></span>f the lease. Right-of-use assets are </div><div class=\"t m0 h38 ff96 fs5 fc7 sc0 ls9 ws1 gs529\">depreciated using the straight-line method over the shorter of estima<span class=\"_ _1\"></span>ted life or the lease term. Amendments </div><div class=\"t m0 h38 ff96 fs5 fc7 sc0 ls9 ws1 gs52a\">to lease terms resulting in a change in payments or the length of the<span class=\"_ _1\"></span> lease results in an adjustment to the </div><div class=\"t m0 h38 ff96 fs5 fc7 sc0 ls9 ws1 gs52b\">right-of-use asset and corresponding lease liability. Right-of-use assets a<span class=\"_ _1\"></span>re reviewed for impairment when </div><div class=\"t m0 h38 ff96 fs5 fc7 sc0 ls9 ws1 gs52c\">events or changes in circumstances indicate the carrying value may not be<span class=\"_ _1\"></span> fully recoverable.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff96 fs5 fc7 sc0 ls9 ws1 gs391\">Right-of-use assets exclude leases with low values and terms of twelve months or le<span class=\"_ _1\"></span>ss. These leases are </div><div class=\"t m0 h38 ff96 fs5 fc7 sc0 ls57 ws46 gs52d\">expensed to the consolidated income statement when incurred.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff97 fs5 fc7 sc0 ls57 ws46 gs531\">Accounting policies<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff98 fs5 fc7 sc0 ls9 ws1 gs532\">Provisions are recognised when the Group has a present legal or co<span class=\"_ _1\"></span>nstructive obligation arising from past </div><div class=\"t m0 h38 ff98 fs5 fc7 sc0 ls9 ws1 gs533\">events, it is probable that cash will be paid to settle it, and the amount ca<span class=\"_ _1\"></span>n be estimated reliably.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff98 fs5 fc7 sc0 ls9 ws1 gs534\">If the effect of the time value of money is material, provisions are discounted usin<span class=\"_ _1\"></span>g the yield on government </div><div class=\"t m0 h38 ff98 fs5 fc7 sc0 ls9 ws1 gs535\">bonds which have a similar timing and currency of cash flows to the provision b<span class=\"_ _1\"></span>eing discounted. Where </div><div class=\"t m0 h38 ff98 fs5 fc7 sc0 ls9 ws1 gs536\">required adjustments are made to the yields to reflect the risks specific to the ca<span class=\"_ _1\"></span>sh flows being discounted. </div><div class=\"t m0 h38 ff98 fs5 fc7 sc0 ls9 ws1 gs537\">The unwinding of the discount is recognised as a financing cost in th<span class=\"_ _1\"></span>e consolidated income statement.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff98 fs5 fc7 sc0 ls9 ws1 gs2cc\">The value of the provision is determined based on assumptions a<span class=\"_ _1\"></span>nd estimates in relation to the amount, </div><div class=\"t m0 h38 ff98 fs5 fc7 sc0 ls9 ws1 gs36e\">timing and likelihood of actual cash flows, which are dependent on fu<span class=\"_ _1\"></span>ture events. Where no reliable basis of </div><div class=\"t m0 h38 ff98 fs5 fc7 sc0 ls9 ws1 gs538\">estimation can be made, no provision is recorded. However, contingen<span class=\"_ _1\"></span>t liabilities disclosures are given </div><div class=\"t m0 h38 ff98 fs5 fc7 sc0 ls9 ws1 gs539\">when there is a greater than remote probability of outflow of econo<span class=\"_ _1\"></span>mic benefits. See note<span class=\"_ gs15\"> </span>6.2.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff98 fs5 fc7 sc0 ls9 ws1 gs2d0\">On an ongoing basis, management monitor provisions and their a<span class=\"_ _1\"></span>ccurate estimation when compared to final </div><div class=\"t m0 h38 ff98 fs5 fc7 sc0 ls57 ws46 gs2d1\">outcomes.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ffa8 fs5 fc7 sc0 ls57 ws46 gs5f3\">Accounting policies<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs5f4\">The Group leases various assets, comprising land and buildings, eq<span class=\"_ _1\"></span>uipment and motor vehicles.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs5f5\">The determination whether an arrangement is, or contains, a lea<span class=\"_ _1\"></span>se is based on whether the contract </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs5f6\">conveys a right to control the use of an identified asset for a period o<span class=\"_ _1\"></span>f time in exchange for consideration.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs5f7\">The <span class=\"_ _2\"></span>following <span class=\"_ _2\"></span>sets <span class=\"_ _2\"></span>out <span class=\"_ _2\"></span>the <span class=\"_ _1b9\"></span>Group\u2019s <span class=\"_ _2\"></span>lease <span class=\"_ _2\"></span>accounting <span class=\"_ _2\"></span>policy <span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>all <span class=\"_ _1b9\"></span>leases <span class=\"_ _2\"></span>with <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>exception <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>leases <span class=\"_ _2\"></span>with </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs5f8\">low value and term of twelve months or less which are expensed to the conso<span class=\"_ _1\"></span>lidated income statement.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc6 sc0 ls9 ws1 gs5f9\">The Group as a lessee \u2013 Right-of-use assets and lease liabilities<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs5fa\">The accounting policy for right-of-use assets is included in note<span class=\"_ gs15\"> </span>3.5.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs5fb\">The Group recognises lease liabilities where a lease contract exists and rig<span class=\"_ _1\"></span>ht-of-use assets representing the </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs5fc\">right to use the underlying leased assets.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs5fd\">At the commencement of a lease, the Group recognises the lease liability me<span class=\"_ _1\"></span>asured at the present value of </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs5fe\">the lease payments to be made over the lease term.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs5ff\">In calculating the present value of lease payments, the Group uses its incre<span class=\"_ _1\"></span>mental borrowing rate at the </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs600\">lease commencement date because the interest rate implicit in the lease<span class=\"_ _1\"></span> is not readily determinable. After </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs601\">the commencement date, the amount of the lease liability is increased to<span class=\"_ _1\"></span> reflect the accretion of interest and </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs602\">reduced for the lease payments made. The incremental borrowing<span class=\"_ _1\"></span> rate is the rate of interest that the Group </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs603\">would have to pay to borrow, over a similar term and with a similar security, the funds n<span class=\"_ _1\"></span>ecessary to obtain </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs604\">an asset of a similar value to the right-of-use asset in a similar economic environme<span class=\"_ _1\"></span>nt. Incremental </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs605\">borrowing rates are determined monthly and depend on the<span class=\"_ _1\"></span> term, country, currency and commencement </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs606\">date of the lease. The incremental borrowing rate is determined ba<span class=\"_ _1\"></span>sed on a series of inputs including: the </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs607\">risk-free rate based on swap market data; a country-specific risk adjustment; a credit risk a<span class=\"_ _1\"></span>djustment; and </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs608\">an entity-specific adjustment where the entity risk profile is different to that of the<span class=\"_ _1\"></span> Group.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs609\">The lease liability is subsequently remeasured (with a corresponding<span class=\"_ _1\"></span> adjustment to the related right-of-use </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs60a\">asset) when there is a change in future lease payments due to a ren<span class=\"_ _1\"></span>egotiation or market rent review, a </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs60b\">change of an index or rate or a reassessment of the lease term.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls57 ws46 gs60c\">Lease payments are apportioned between a finance charge and a reduction of the lease liability bas<span class=\"_ _2a\"></span>ed on </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs60d\">the constant interest rate applied to the remaining balance of th<span class=\"_ _1\"></span>e liability. Interest expense is included within </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs60e\">net finance costs in the consolidated income statement.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs610\">Lease payments comprise fixed payments, including in-substance fixed p<span class=\"_ _1\"></span>ayments such as service charges </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs611\">and variable lease payments that depend on an index or a<span class=\"_ _1\"></span> rate, initially measured using the minimum index </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs612\">or rate at inception date. The payments also include any lease in<span class=\"_ _1\"></span>centives and any penalty payments for </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs613\">terminating the lease, if the lease term reflects the lessee exercising that op<span class=\"_ _1\"></span>tion.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs614\">The lease term determined comprises the non-cancellable period o<span class=\"_ _1\"></span>f the lease contract. Periods covered by </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs615\">an option to extend the lease are included if the Group has re<span class=\"_ _1\"></span>asonable certainty that the option will be </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs616\">exercised, and periods covered by an option to terminate are inclu<span class=\"_ _1\"></span>ded if it is reasonably certain that this will </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls57 ws46 gs617\">not be exercised.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs618\">The Group has elected to apply the practical expedient in IFRS<span class=\"_ gs15\"> </span>16<span class=\"_ _1\"></span> <span class=\"ffaa ls57 ws46\">Leases<span class=\"ffa9\"> paragraph<span class=\"_ gs15\"> </span>15 not to separate </span></span></div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs619\">non-lease components such as service charges from lease rental charg<span class=\"_ _1\"></span>es.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc6 sc0 ls57 ws46 gs61a\">The Group as a lessor<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs61b\">When the Group acts as a lessor, it determines at lease commencement wheth<span class=\"_ _1\"></span>er the lease is a finance </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls57 ws46 gs61c\">lease or an operating lease.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs61d\">To classify each lease, the Group makes an overall assessment of whether th<span class=\"_ _1\"></span>e lease transfers to the lessee </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs61e\">all of the risks and rewards of ownership in relation to the underlying a<span class=\"_ _1\"></span>sset. If this is the case, then the lease </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs61f\">is a finance lease. If not, then it is an operating lease.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs620\">The Group acts as an intermediate lessor of property assets and equ<span class=\"_ _1\"></span>ipment. When the Group is an </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs621\">intermediate lessor, it accounts for its interests in the head lease and the su<span class=\"_ _1\"></span>b-lease separately. It assesses </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs622\">whether the sub-lease is a finance or operating lease in the con<span class=\"_ _1\"></span>text of the right-of-use asset arising from the </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls57 ws46 gs623\">head lease.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs624\">In instances where the Group is the intermediate lessor and the sub-le<span class=\"_ _1\"></span>ase is classified as a finance lease, </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs625\">the Group recognises a net investment in sub-leases for amounts recove<span class=\"_ _1\"></span>rable from the sub-lessees while </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs626\">derecognising the respective portion of the right-of-use asset. The<span class=\"_ _1\"></span> lease liability is retained on the balance </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs627\">sheet. The net investment in sub-leases is classified as current or non-curre<span class=\"_ _1\"></span>nt finance assets in the </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs628\">consolidated balance sheet according to whether or not the amo<span class=\"_ _1\"></span>unts will be recovered within twelve months </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs629\">of the balance sheet date. Finance income recognised in respe<span class=\"_ _1\"></span>ct of net investment in sub-leases is </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs62a\">presented within net finance costs in the consolidated income stateme<span class=\"_ _1\"></span>nt and the capital element of lease </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs62b\">rental received is presented within investing activities in the consolidated ca<span class=\"_ _1\"></span>sh flow statement.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs62c\">The Group recognises lease payments received under operatin<span class=\"_ _1\"></span>g leases as income on a straight-line basis </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs62d\">over the lease term. The Group accounts for finance leases as finance<span class=\"_ _1\"></span> lease receivables, using an </div><div class=\"t m0 h38 ffa9 fs5 fc7 sc0 ls9 ws1 gs62e\">incremental borrowing rate where the interest rate implicit in sub-lease is no<span class=\"_ _1\"></span>t easily determinable.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ffad fs5 fc7 sc0 ls57 ws46 gs648\">Accounting policies<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffae fs5 fc6 sc0 ls9 ws1 gs649\">Financial instruments \u2013 classification of financial instruments<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs64a\">The Group classifies its financial instruments in the following measurement categ<span class=\"_ _1\"></span>ories:<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs64b\">\u2022<span class=\"_ _ae\"> </span>those to be measured subsequently at fair va<span class=\"_ _1\"></span>lue, either through other comprehensive income (FVOCI) or </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs64c\">through profit or loss (FVPL); and<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs64d\">\u2022<span class=\"_ _ae\"> </span>those to be measured at amortised cost.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs64e\">The classification depends on the Group\u2019s business model for mana<span class=\"_ _1\"></span>ging the financial assets and the </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs64f\">contractual terms of the cash flows.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffae fs5 fc6 sc0 ls9 ws1 gs650\">Financial instruments \u2013 initial recognition<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs651\">At initial recognition, the Group measures a financial instrument at its fair value<span class=\"_ _1\"></span> plus, in the case of a </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs652\">financial instrument not at FVPL, transaction costs that are directly attributable<span class=\"_ _1\"></span> to the acquisition of the </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs653\">financial instrument. Transaction costs of financial instruments carried at FVPL a<span class=\"_ _1\"></span>re expensed in the </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs654\">consolidated income statement.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs655\">Financial instruments with embedded derivatives are considered in th<span class=\"_ _1\"></span>eir entirety when determining whether </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs656\">their cash flows are solely payment of principal and interest.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs657\">Purchases and sales of financial instruments are recognised on their tra<span class=\"_ _1\"></span>de date (ie the date the Group </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs658\">commits to purchase or sell the instrument). Financial instruments are derecog<span class=\"_ _1\"></span>nised when the rights to </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs659\">receive/pay cash flows from the financial instrument have expired or have b<span class=\"_ _1\"></span>een transferred such that the </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs65a\">Group has transferred substantially all risks and rewards of ownership.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffae fs5 fc6 sc0 ls9 ws1 gs65b\">Debt instruments<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs65c\">Debt instruments are initially recognised at fair value less directly attributable tra<span class=\"_ _1\"></span>nsaction costs and are </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls57 ws46 gs65d\">subsequently remeasured depending on the Group\u2019s business model for managing the instrum<span class=\"_ _2a\"></span>ent and the </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs65e\">cash flow characteristics of the debt instrument. There are three measureme<span class=\"_ _1\"></span>nt categories into which the </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs65f\">Group classifies its debt instruments:<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs660\">\u2022<span class=\"_ _ae\"> </span><span class=\"ffad ls57 ws46\">Amortised cost:</span> instruments that are held for collection/payment of contra<span class=\"_ _1\"></span>ctual cash flows are measured </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs661\">at amortised cost where those cash flows represent solely payments of principal a<span class=\"_ _1\"></span>nd interest. Interest </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs662\">income/expense from these financial instruments is included in net finan<span class=\"_ _1\"></span>ce costs using the effective </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs663\">interest rate method.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs664\">\u2022<span class=\"_ _ae\"> </span><span class=\"ffad\">FVOCI: </span>instruments that are held for collection/pa<span class=\"_ _1\"></span>yment of contractual cash flows and for selling the </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs665\">financial instrument are measured at FVOCI where the instrument\u2019s cash flows rep<span class=\"_ _1\"></span>resent solely </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs666\">payments of principal and interest. Movements in the carrying amount are<span class=\"_ _1\"></span> taken through consolidated </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs667\">Other Comprehensive Income (OCI), except for the recognition of impairment gain<span class=\"_ _1\"></span>s or losses, interest </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs668\">income and foreign exchange gains/losses, which are recognised<span class=\"_ _1\"></span> in the consolidated income statement. </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs669\">When the financial instrument is derecognised, the cumulative gain/loss p<span class=\"_ _1\"></span>reviously recognised in OCI is </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs66a\">reclassified to the consolidated income statement and recognised in o<span class=\"_ _1\"></span>ther gains/(losses).<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs66b\">\u2022<span class=\"_ _ae\"> </span><span class=\"ffad\">FVPL: </span>instruments that do not meet the criteria fo<span class=\"_ _1\"></span>r amortised cost or FVOCI are measured at FVPL. A </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs66c\">gain/loss on a debt instrument that is measured at FVPL is recognised in<span class=\"_ _1\"></span> the consolidated income </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs66d\">statement and presented within net finance costs.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs66e\">The Group reclassifies debt instruments when, and only when, its business mo<span class=\"_ _1\"></span>del for managing those </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs66f\">instruments changes.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffae fs5 fc6 sc0 ls9 ws1 gs671\">Equity instruments<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs672\">Investments in equity instruments are initially recognised at fair value and a<span class=\"_ _1\"></span>re subsequently remeasured at </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs673\">fair value with the movement recognised through the consolidated<span class=\"_ _1\"></span> income statement, except where an </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs674\">election has been made for the movement to be recognised thro<span class=\"_ _1\"></span>ugh OCI. An election can be made on initial </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs675\">recognition of equity instruments that are neither held-for-trading o<span class=\"_ _1\"></span>r instruments acquired as part of a </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs676\">business combination. Once an election has been made all movemen<span class=\"_ _1\"></span>ts in fair value, with the exception of </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs677\">dividends, are presented through OCI and there is no subsequ<span class=\"_ _1\"></span>ent reclassification of fair value gains/losses </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs678\">to the consolidated income statement following the derecognition<span class=\"_ _1\"></span> of the investment. Dividends from such </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs679\">investments continue to be recognised in the consolidated income sta<span class=\"_ _1\"></span>tement as other income when the </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs67a\">Group\u2019s right to receive payment is established.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffae fs5 fc6 sc0 ls9 ws1 gs67b\">Impairment<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs67c\">The Group assesses, on a forward looking basis, the expected credit losse<span class=\"_ _1\"></span>s associated with its financial </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs67d\">instruments carried at amortised cost and FVOCI. The impairment methodolog<span class=\"_ _1\"></span>y applied depends on </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs67e\">whether there has been a significant increase in credit risk.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffae fs5 fc6 sc0 ls9 ws1 gs67f\">Derivatives<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs680\">Derivative financial instruments are initially recognised at fair value and are<span class=\"_ _1\"></span> subsequently remeasured at fair </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls57 ws46 gs681\">value at the end of each reporting period with the movement recognised through the consolidat<span class=\"_ _2a\"></span>ed income </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs682\">statement, except where derivatives qualify for cash flow hedge accounting<span class=\"_ _1\"></span>. The effective proportion of cash </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs683\">flow hedges is recognised in OCI and presented in the hedging re<span class=\"_ _1\"></span>serve within equity. The cumulative gain/<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs684\">loss is subsequently reclassified to the consolidated income statement in the<span class=\"_ _1\"></span> same period that the relevant </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls57 ws46 gs685\">hedged transaction is realised.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffae fs5 fc6 sc0 ls9 ws1 gs686\">Borrowing costs<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs687\">Borrowing costs directly attributable to the acquisition, construction or produ<span class=\"_ _1\"></span>ction of an asset that </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs688\">necessarily takes a substantial period of time to get ready for its intended<span class=\"_ _1\"></span> use or sale are capitalised as part </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs689\">of the cost of the respective assets. All other borrowing costs are expensed in th<span class=\"_ _1\"></span>e period they occur. </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs68a\">Borrowing costs consist of interest and other costs incurred in connection with th<span class=\"_ _1\"></span>e borrowing of funds.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ffbc fs5 fc7 sc0 ls57 ws46 gs6fb\">Accounting policies<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs6fc\">The fair value of the equity instrument granted under these sche<span class=\"_ _1\"></span>mes is measured at grant date and is </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls57 ws46 gs6fd\">recognised as an expense over the vesting period, which ends on the date on which the relevant em<span class=\"_ _2a\"></span>ployees </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs6fe\">become fully entitled to the award. Fair value is determined using an<span class=\"_ _1\"></span> option pricing model, only taking into </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs6ff\">account vesting conditions linked to the price of the shares of the Compa<span class=\"_ _1\"></span>ny (market conditions).<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs700\">No expense is recognised for awards that do not ultimately vest as a result o<span class=\"_ _1\"></span>f not meeting performance or </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs701\">service conditions. Where all service and performance vesting conditions h<span class=\"_ _1\"></span>ave been met, the awards are </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs702\">treated as vesting, irrespective of whether or not the market condition is satisfied<span class=\"_ _1\"></span>, since market conditions </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs703\">were reflected in the fair value of the equity instruments.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs704\">At each balance sheet date before vesting, the cumulative expense<span class=\"_ _1\"></span> is calculated, representing the extent to </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs705\">which the vesting period has expired and management\u2019s best estimate<span class=\"_ _1\"></span> of the achievement or otherwise of </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs706\">non-market conditions, the number of equity instruments that will ultimately vest or, in<span class=\"_ _1\"></span> the case of an </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs707\">instrument subject to a market condition, be treated as vesting as described<span class=\"_ _1\"></span> above. The movement in </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs708\">cumulative expense since the previous balance sheet date is recogn<span class=\"_ _1\"></span>ised in the consolidated income </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs709\">statement, with a corresponding adjustment to equity.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs70a\">Where the terms of an award are modified or a new award is designate<span class=\"_ _1\"></span>d as replacing a cancelled or settled </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs70b\">award, the cost based on the original award terms continues to be re<span class=\"_ _1\"></span>cognised over the original vesting </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs70c\">period adjusted for the incremental fair value of any modification ie th<span class=\"_ _1\"></span>e difference between the fair value of </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs70d\">the original award and the fair value of the modified award, both<span class=\"_ _1\"></span> as measured on the date of the </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs70e\">modification. No reduction is recognised if this difference is negative.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs70f\">Where an award is cancelled, it is treated as if it had vested on the date o<span class=\"_ _1\"></span>f cancellation, and any cost not </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs710\">yet recognised in the consolidated income statement for the award is e<span class=\"_ _1\"></span>xpensed immediately. Any </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs711\">compensation paid up to the fair value of the award at the cancella<span class=\"_ _1\"></span>tion or settlement date is deducted from </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs42c\">equity, with any excess over the fair value being treated as an expense<span class=\"_ _1\"></span> in the consolidated income </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs42d\">statement.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs713\">The expense recognised for share-based payments (before ta<span class=\"_ _1\"></span>x) in respect of employee services received </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls57 ws46 gs714\">during the year to 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> was </span>\u00a35.5m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a35.4m<span class=\"ls9 ws1\">), all of which arises from equity-settled </span></div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs715\">share based payment transactions. Details of the schemes are as<span class=\"_ gs15\"> </span>follows:<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ffbc fs5 fc6 sc0 ls57 ws46 gs716\">Deferred annual bonus plan<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs717\">This scheme is applicable to executive directors. Under this scheme, awards are<span class=\"_ _1\"></span> made annually consisting </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs718\">of only deferred shares, which are linked to the payout under the<span class=\"_ _1\"></span> annual bonus scheme (details of which are </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls57 ws46 gs719\">contained in the directors\u2019 remuneration report on page 96 to 118).<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls57 ws46 gs71a\">The value of deferred shares is determined by the pay-out under the annual bonus scheme: half of t<span class=\"_ _2a\"></span>he </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls57 ws46 gs71b\">annual bonus is paid in cash and the remainder is deferred into shares under the deferred annual bonus </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs71c\">plan or the Capita executive plan. Directors have the option to defer u<span class=\"_ _1\"></span>p to 100% of their annual bonus into </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs71d\">deferred shares or net bonus into a restricted share award. The d<span class=\"_ _1\"></span>eferred/restricted shares are held for a </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs71e\">period of three years from the date of award, during which they are n<span class=\"_ _1\"></span>ot forfeitable, except in the case of </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs71f\">dismissal for gross misconduct.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs720\">The weighted average share price of options at the date of e<span class=\"_ _1\"></span>xercise in <span class=\"ls57 ws46\">2023</span> was <span class=\"ls57 ws46\">\u00a30.33</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a30.22). The </span></div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls57 ws46 gs721\">weighted average share price during the year was \u00a30.26<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a30.26<span class=\"ls9 ws1\">).<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs722\">The total cash value of the deferred shares awarded during th<span class=\"_ _1\"></span>e year was <span class=\"ls57 ws46\">\u00a30.7m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a30.2m</span>).<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ffbc fs5 fc6 sc0 ls57 ws46 gs723\">Long-term incentive plans (LTIPs)<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs724\">The structure of the Group\u2019s LTIP schemes was approved at the Compan<span class=\"_ _1\"></span>y\u2019s Annual General Meeting </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs725\">(AGM) in 2017. From 2021, no new awards will be granted under the<span class=\"_ _1\"></span> LTIP with the final awards under the </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs726\">scheme (the 2020 grant) having vested in April 2023.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs727\">The 2020 award was split into three equal tranches that vested o<span class=\"_ _1\"></span>n the first, second and third anniversary of </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs728\">the grant date. The first tranche in 2020 was subject to a retention e<span class=\"_ _1\"></span>lement which would vest in full on each </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs729\">annual vesting date, with the remaining 50% subject to a performan<span class=\"_ _1\"></span>ce condition of net debt. Threshold </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls57 ws46 gs72a\">vesting (25%) was dependent on net debt falling to \u00a3872m, target vesting (50%) was<span class=\"_ _2a\"></span> dependent on net debt </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls57 ws46 gs72b\">falling to \u00a3822m and maximum vesting (100%) was dependent on net debt being below \u00a3772m. Tranches<span class=\"_ gs15\"> </span><span class=\"_ _2a\"></span>2 </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs72c\">and<span class=\"_ gs15\"> </span>3 were subject to the retention element only apart from the CEO\u2019s awa<span class=\"_ _1\"></span>rd which was subject to relative </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs72d\">Total Shareholder Return (TSR) and responsible business scorecard<span class=\"_ _1\"></span> measures.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs72e\">Details of the 2020 LTIP award outturn and vesting levels for executive d<span class=\"_ _1\"></span>irectors are set out in the 2022 </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls57 ws46 gs72f\">directors\u2019 remuneration report, on page 115 of the 2022 Annual Report.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls9 ws1 gs730\">All of the above awards are subject to a performance underpin asse<span class=\"_ _1\"></span>ssment of the underlying financial and </div><div class=\"t m0 h38 ffbd fs5 fc7 sc0 ls57 ws46 gs476\">operational performance of Capita over the performance period.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ffbe fs5 fc7 sc0 ls57 ws46 gs748\">Accounting policies<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffbf fs5 fc6 sc0 ls57 ws46 gs749\">Defined contribution pension schemes<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls57 ws46 gs74a\">The Group maintains a number of defined contribution pension schemes and for these schemes<span class=\"_ _2a\"></span> the Group </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls57 ws46 gs74b\">has no further payment obligations once the contributions have been paid. The contributions<span class=\"_ _2a\"></span> are recognised </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs74c\">as an employee benefit expense in the consolidated income state<span class=\"_ _1\"></span>ment when the related service is provided </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls57 ws46 gs74d\">and as they fall due.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffbf fs5 fc6 sc0 ls57 ws46 gs74e\">Defined benefit pension schemes<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs74f\">In addition, the Group operates two defined benefit pension sch<span class=\"_ _1\"></span>emes and participates in a number of other </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs750\">defined benefit pension schemes, all of which require contribution<span class=\"_ _1\"></span>s to be made to separate trustee-<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs751\">administered funds. The costs of providing benefits under these sche<span class=\"_ _1\"></span>mes are determined separately for </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs752\">each scheme using the projected unit credit method, which attributes e<span class=\"_ _1\"></span>ntitlement to benefits to the current </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs753\">period (to determine current service cost) and to the current and prior p<span class=\"_ _1\"></span>eriods (to determine the present </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs754\">value of the defined benefit obligation) and is based on actu<span class=\"_ _1\"></span>arial advice. Past service costs are recognised </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs755\">immediately in the consolidated income statement.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs756\">When a settlement (eliminating all obligations for benefits already accru<span class=\"_ _1\"></span>ed) or a curtailment (reducing future </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs757\">obligations as a result of a material reduction in the scheme membership<span class=\"_ _1\"></span> or a reduction in future </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs758\">entitlement) occurs, the obligation and related plan assets are reme<span class=\"_ _1\"></span>asured using current actuarial </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs759\">assumptions and the resultant gain/loss recognised in the consolid<span class=\"_ _1\"></span>ated income statement during the period </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs75a\">in which the settlement or curtailment occurs.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs75b\">Remeasurements of the net defined benefit asset/liability, which comprise a<span class=\"_ _1\"></span>ctuarial gains and losses, the </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs75c\">return on plan assets (excluding interest) and the effect of the asset ce<span class=\"_ _1\"></span>iling (if any, excluding interest), are </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs75d\">recognised immediately in other comprehensive income and will not be<span class=\"_ _1\"></span> reclassified to the consolidated </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs75e\">income statement. The Group generally determines the net interest exp<span class=\"_ _1\"></span>ense/income on the net defined </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs75f\">benefit asset/liability for the year by applying the discount rate used to me<span class=\"_ _1\"></span>asure the defined benefit </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs760\">obligation at the beginning of the year to the then net defin<span class=\"_ _1\"></span>ed benefit asset/liability, taking into account any </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs761\">changes in the net defined benefit asset/liability during the year a<span class=\"_ _1\"></span>s a result of contributions and benefit </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs762\">payments. However, due consideration is given to events which require the<span class=\"_ _1\"></span> net interest expense/income on </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs763\">the net defined benefit asset/liability to be remeasured over the co<span class=\"_ _1\"></span>urse of the year.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs764\">Current and past service costs are charged to operating profit while the n<span class=\"_ _1\"></span>et interest cost is included within </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs765\">net finance costs.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs766\">The net asset/(liability) in the consolidated balance sheet with respe<span class=\"_ _1\"></span>ct to the defined benefit pension </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs767\">schemes comprises the total for each scheme, or group of schemes, of the prese<span class=\"_ _1\"></span>nt value of the defined </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs768\">benefit obligation (using a discount rate based on high qua<span class=\"_ _1\"></span>lity corporate bonds), less the fair value of assets </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs769\">out of which the obligations are to be settled directly. The policy to dete<span class=\"_ _1\"></span>rmine fair value of assets is detailed </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs76a\">in the note below. Where applicable the value of a net pension<span class=\"_ _1\"></span> benefit asset is restricted to the present </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs76b\">value of any amount the Group expects to recover by way of refunds or re<span class=\"_ _1\"></span>ductions in the future </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs76c\">contributions.<span class=\"_ _2b5\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMaterialAccountingPolicyInformationExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-443": {
   "value": "This section sets out the Group\u2019s accounting policies relating to these con<span class=\"_ _1\"></span>solidated financial statements<span class=\"_ _2b5\"> </span>as a whole. Where an accounting policy is specific to one note, the policy is d<span class=\"_ _1\"></span>escribed in the note to<span class=\"_ _2b5\"> </span>which it relates.<span class=\"_ _2b5\"> </span>This section also includes details of new accounting standards, amend<span class=\"_ _1\"></span>ments and interpretations<span class=\"_ _2b5\"> </span>including their effective dates and explanation on the expected<span class=\"_ _1\"></span> impact to the financial position and<span class=\"_ _2b5\"> </span>performance of the Group.<span class=\"_ _2b5\"> </span>For ease of reference, this symbol has been used to denote an<span class=\"_ _1\"></span>y accounting policies included within the<span class=\"_ _2b5\"> </span>notes to these consolidated financial statements:<span class=\"_ _2b5\"> </span>Denotes accounting policies<span class=\"_ _2b5\"> </span>These financial statements consolidate those of Capita<span class=\"_ gs15\"> </span>plc (the Compa<span class=\"_ _1\"></span>ny or the Parent Company) and all of<span class=\"_ _2b5\"> </span>its subsidiaries (the Group). Capita<span class=\"_ gs15\"> </span>plc is a public limited compa<span class=\"_ _1\"></span>ny incorporated in England and Wales<span class=\"_ _2b5\"> </span>whose shares are publicly traded. The principal activities o<span class=\"_ _1\"></span>f the Group are given in the strategic report on<span class=\"_ _2b5\"> </span>pages 14 to 21.<span class=\"_ _2b5\"> </span>These consolidated financial statements of Capita<span class=\"_ gs15\"> </span>plc for the year en<span class=\"_ _1\"></span>ded <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span> were<span class=\"_ _2b5\"> </span>authorised for issue in accordance with a resolution of the directors on<span class=\"_ _1\"></span> <span class=\"ls57 ws46\">5<span class=\"_ gs15\"> </span>March 2024</span>.<span class=\"_ _2b5\"> </span>These consolidated financial statements are presented in British po<span class=\"_ _1\"></span>unds sterling and all values are rounded<span class=\"_ _2b5\"> </span>to the nearest tenth of a million (\u00a3m) except where otherwise indicated.<span class=\"_ _2b5\"> </span>Statement of compliance<span class=\"_ _2b5\"> </span>These consolidated financial statements have been prepared in accordance with UK-adopt<span class=\"_ _2a\"></span>ed International<span class=\"_ _2b5\"> </span>Financial Reporting Standards (IFRSs) and the Disclosure and Transp<span class=\"_ _1\"></span>arency Rules of the UK's Financial<span class=\"_ _2b5\"> </span>Conduct Authority.<span class=\"_ _2b5\"> </span>Basis of consolidation<span class=\"_ _2b5\"> </span>These consolidated financial statements comprise the financial stateme<span class=\"_ _1\"></span>nts of the Group at 31<span class=\"_ gs15\"> </span>December<span class=\"_ _2b5\"> </span>each year. Subsidiaries are consolidated from the date on which con<span class=\"_ _1\"></span>trol is transferred to the Group until<span class=\"_ _2b5\"> </span>control is transferred out of the Group. Where there is a loss of control of a su<span class=\"_ _1\"></span>bsidiary, these consolidated<span class=\"_ _2b5\"> </span>financial statements include the results for that part of the reporting year d<span class=\"_ _1\"></span>uring which Capita<span class=\"_ gs15\"> </span>plc had control<span class=\"_ _2b5\"> </span>and the profit or loss on disposal is calculated as the difference betwee<span class=\"_ _1\"></span>n the fair value of the consideration<span class=\"_ _2b5\"> </span>received and the carrying amount of the net assets (including goo<span class=\"_ _1\"></span>dwill) disposed of. Losses applicable to<span class=\"_ _2b5\"> </span>the non-controlling interests in subsidiaries are attributed to the non<span class=\"_ _1\"></span>-controlling interests even if that results<span class=\"_ _2b5\"> </span>in the non-controlling interests having a deficit balance.<span class=\"_ _2b5\"> </span>Investments in associates are accounted for using the equity method. Und<span class=\"_ _1\"></span>er the equity method, the<span class=\"_ _2b5\"> </span>investment in the entity is stated as a one line item at cost plus the investor\u2019s share<span class=\"_ _1\"></span> of retained post-<span class=\"_ _2b5\"> </span>acquisition profits or losses and other changes in net assets less any impa<span class=\"_ _1\"></span>irment.<span class=\"_ _2b5\"> </span>AP<span class=\"_ _2b5\"> </span>Section 1: Basis of preparation<span class=\"_ _2b5\"> </span>Going concern<span class=\"_ _2b5\"> </span>In determining the appropriate basis of preparation of the fina<span class=\"_ _1\"></span>ncial statements for the year ended 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\">, the Board is required to consider whether the Group and Parent Compa<span class=\"_ _1\"></span>ny can continue </span>in operational existence for the foreseeable future. The Board<span class=\"_ _1\"></span> has concluded that it is appropriate to adopt the going concern basis, having undertaken a rigorous assessme<span class=\"_ _1\"></span>nt of the financial forecasts, key uncertainties, sensitivities, and mitigations as set out below.<span class=\"_ _2b5\"> </span>Accounting standards require that \u2018the foreseeable future\u2019 for go<span class=\"_ _1\"></span>ing concern assessment covers a period of at least twelve months from the date of approval of these financial stateme<span class=\"_ _1\"></span>nts, although those standards do not specify how far beyond twelve months a Board should consider. In its go<span class=\"_ _1\"></span>ing concern assessment, the Board has considered the period from the date of approval of these financial statem<span class=\"_ _2a\"></span>ents to 30<span class=\"_ gs15\"> </span>June 2025 (\u2018the going concern period\u2019), which aligns with a period end and co<span class=\"_ _1\"></span>venant test date for the Group, and has also allowed the Board to assess the liquidity impact of the borrowings that ma<span class=\"_ _1\"></span>ture in January 2025 and April 2025 (refer to note 4.5.3 to the consolidated financial sta<span class=\"_ _1\"></span>tements). There are no other debt maturities in the period to 30 June 2025.<span class=\"_ _2b5\"> </span>The base case financial forecasts used in the going concern assessme<span class=\"_ _1\"></span>nt are derived from the 2024-2025 business plans as approved by the Board in December 2023.<span class=\"_ _2b5\"> </span>The going concern assessment considers the Group\u2019s sources and u<span class=\"_ _1\"></span>ses of liquidity and covenant compliance throughout the period under review. The value o<span class=\"_ _1\"></span>f the Group\u2019s committed revolving credit facility (RCF) was <span class=\"ls57 ws46\">\u00a3260.7m</span> at <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span> <span class=\"ls57 ws46\">having been extended to 31<span class=\"_ gs15\"> </span>December 2026. The original terms </span>of the RCF are substantially unchanged. The value was subsequently reduced to \u00a3250m on 23<span class=\"_ gs15\"> </span>January<span class=\"_ _2a\"></span> 2024 following receipt of proceeds from the disposal of the Group\u2019s in<span class=\"_ _1\"></span>vestment in Fera Science Limited.<span class=\"_ _2b5\"> </span>In July the Group issued <span class=\"ls57 ws46\">\u00a3101.9m</span> <span class=\"ls57 ws46\">equi</span>valent of new private placement loan<span class=\"_ _1\"></span> notes across three tranches: \u00a350m maturing 25<span class=\"_ gs15\"> </span>July 2026, USD45m maturing 25<span class=\"_ gs15\"> </span>July 2026 and USD23<span class=\"_ _1\"></span>m maturing 25<span class=\"_ gs15\"> </span>July 2028, with an average interest rate of 9.45%. The notes rank pari passu with the e<span class=\"_ _1\"></span>xisting indebtedness of the Group and includes financial covenants determined on the same basis as those u<span class=\"_ _1\"></span>nder the existing private placement loan notes.<span class=\"_ _2b5\"> </span>Financial position at <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023<span class=\"_ _2b5\"> </span></span>As detailed further in the Chief Financial Officer\u2019s review<span class=\"_ _1\"></span> in the strategic report, <span class=\"ls57 ws46\">at 31<span class=\"_ gs15\"> </span>December 2023 the </span>Group had net debt of<span class=\"ls9 ws1\"> </span>\u00a3545.5m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a3482.4m<span class=\"ls9 ws1\">), net financial debt (pre-IFRS 16)<span class=\"_ _2b5\"> </span></span>1 of<span class=\"ls9 ws1\"> </span>\u00a3182.1m (2022: \u00a384.9m<span class=\"ls9 ws1\">), available liquidity</span>1 of<span class=\"ls9 ws1\"> </span>\u00a3282.3m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a3405.2m<span class=\"ls9 ws1\">) and was in compliance with all debt covenants<span class=\"_ _1\"></span> </span>(refer to note 4.1.2 to the consolidated financial statements).<span class=\"_ _2b5\"> </span>Board assessment<span class=\"_ _2b5\"> </span>Base case scenario<span class=\"_ _2b5\"> </span>Under the base case scenario, the Group\u2019s transformation p<span class=\"_ _1\"></span>rogramme and completion of the Portfolio non-<span class=\"_ _2b5\"> </span>core business disposal programme in January 2024 has simplified and strengthened the business and facilitates further efficiency savings enabling sustainable growth in reven<span class=\"_ _1\"></span>ue, profit and cash flow over the medium term. When combined with available committed facilities, this allows the Group<span class=\"_ _1\"></span> to manage scheduled debt repayments. The most material sensitivities to the base ca<span class=\"_ _1\"></span>se are the risk of not delivering the planned revenue grow<span class=\"ls9 ws1\">th and efficiency savings following the announcement of the Group\u2019s restru<span class=\"_ _1\"></span>cturing </span>programme.<span class=\"_ _2b5\"> </span>The base case projections used for going concern assessment pu<span class=\"_ _1\"></span>rposes reflect business disposals completed up to the date of approval of these financial statements. T<span class=\"_ _1\"></span>he liquidity headroom assessment in the base case projections reflects the Group\u2019s existing committed financing fa<span class=\"_ _1\"></span>cilities and debt redemptions and does not reflect any potential future refinancing. The ba<span class=\"_ _1\"></span>se case financial forecasts demonstrate liquidity<span class=\"_ _2b5\"> </span>headroom and compliance with all debt covenant measures throughout the going concern period to 30<span class=\"_ gs15\"> </span><span class=\"_ _2a\"></span>June 2025.<span class=\"_ _2b5\"> </span>Severe but plausible downside scenario<span class=\"_ _2b5\"> </span>In considering severe but plausible downside scenarios, the Board h<span class=\"_ _1\"></span>as taken account of the potential adverse financial impacts resulting from the following risks:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>revenue growth falling materially short of plan;<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">operating profit margin expansion not being achieved;<span class=\"_ _2b5\"> </span></span>\u2022<span class=\"_ _ae\"> </span>targeted cost savings delayed or not delivere<span class=\"_ _1\"></span>d;<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>additional inflationary cost impacts which cannot b<span class=\"_ _1\"></span>e passed on to customers;<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>unforeseen operational issues leading<span class=\"_ _1\"></span> to contract losses and cash outflows;<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>volatility in interest rates;<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>non-availability of the Group\u2019s non-recourse tra<span class=\"_ _1\"></span>de receivables financing facility; and<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>unexpected financial costs linked to incidents such<span class=\"_ _1\"></span> as data breaches and/or cyber-attacks.<span class=\"_ _2b5\"> </span>The likelihood of simultaneous crystallisation of the above risks is considered<span class=\"_ _1\"></span> by the directors to be low. Nevertheless in the event that simultaneous crystallisation were to occur, the Gro<span class=\"_ _1\"></span>up would need to take action to mitigate the risk of insufficient liquidity and covenant headroom. In<span class=\"_ _1\"></span> its assessment of going concern, the Board has considered the mitigations, under the dire<span class=\"_ _1\"></span>ct control of the Group, that could be implemented including reductions or delays in capital investment, and<span class=\"_ _1\"></span> substantially reducing (or removing in full) bonus and incentive payments. Taking these mitigations into accou<span class=\"_ _1\"></span>nt, the Group\u2019s financial forecasts, in a severe but plausible downside scenario, demonstrate sufficient liqu<span class=\"_ _1\"></span>idity headroom and compliance with all debt covenant measures throughout the going concern period to 30<span class=\"_ gs15\"> </span>June 2025.<span class=\"_ _2b5\"> </span>Adoption of going concern basis<span class=\"_ _2b5\"> </span>Reflecting the continued benefits from the tran<span class=\"_ _1\"></span>sformation programme delivered over the last few years and the Portfolio non-core business disposal programme completed in Janu<span class=\"_ _1\"></span>ary 2024,<span class=\"ls57 ws46\"> coupled with the Board's </span>ability to implement appropriate mitigations should the severe but plau<span class=\"_ _1\"></span>sible downside materialise, the Group continues to adopt the going concern basis in preparing these consolidated financial st<span class=\"_ _2a\"></span>atements. The Board has concluded that the Group and Parent Company will be able to continue in operation and meet t<span class=\"_ _2a\"></span>heir liabilities as they fall due over the period to 30<span class=\"_ gs15\"> </span>June 2025.<span class=\"_ _2b5\"> </span>1.Refer to alternative performance measures in section 8.2 to the financial statements.<span class=\"_ _2b5\"> </span>Foreign currency translation<span class=\"_ _2b5\"> </span>The functional and presentation currency of Capita<span class=\"_ gs15\"> </span>plc and its UK sub<span class=\"_ _1\"></span>sidiaries is the British pound sterling (\u00a3). Transactions in foreign currencies are initially recorded at the functio<span class=\"_ _1\"></span>nal currency exchange rate ruling at the date of the transaction. Monetary assets and liabilities denomina<span class=\"_ _1\"></span>ted in foreign currencies are retranslated at the functional currency exchange rate ruling at the<span class=\"_ _1\"></span> balance sheet date. All differences are taken to the consolidated income statement with the exception of differe<span class=\"_ _1\"></span>nces on foreign currency borrowings that provide a hedge against a net investment in a fore<span class=\"_ _1\"></span>ign operation. These are taken directly to equity until the disposal of the net investment, at which time they are recogn<span class=\"_ _1\"></span>ised in the consolidated income statement.<span class=\"_ _2b5\"> </span>Tax charges and credits attributable to exchange differences on<span class=\"_ _1\"></span> those borrowings are also taken directly to equity. Non-monetary items that are measured at historical cost in a foreign cu<span class=\"_ _1\"></span>rrency are translated using the exchange rate at the date of initial transaction. Non-monetary items me<span class=\"_ _1\"></span>asured at fair value in a foreign currency are translated using the exchange rates at the date when<span class=\"_ _1\"></span> the fair value was determined.<span class=\"_ _2b5\"> </span>The functional currencies of overseas operations include the eu<span class=\"_ _1\"></span>ro, Indian rupee, South African rand, Polish zloty and the US<span class=\"_ gs15\"> </span>dollar. At the balance sheet date, the assets and liab<span class=\"_ _1\"></span>ilities of the overseas operations are retranslated into the presentation currency of Capita<span class=\"_ gs15\"> </span>plc at the excha<span class=\"_ _1\"></span>nge rate ruling on the balance sheet date and their income statements are translated using the weighte<span class=\"_ _1\"></span>d average exchange rate for the year.<span class=\"_ _2b5\"> </span>The exchange differences arising on the retranslation are take<span class=\"_ _1\"></span>n directly to a separate component of equity. On disposal of a foreign operation, the deferred cumulative foreig<span class=\"_ _1\"></span>n currency translation difference recognised in equity relating to that particular foreign operation is re<span class=\"_ _1\"></span>cognised in the consolidated income statement.<span class=\"_ _2b5\"> </span>Current versus non-current classification<span class=\"_ _2b5\"> </span>The Group presents assets and liabilities in the balance sheet base<span class=\"_ _1\"></span>d on whether they are current or non-<span class=\"_ _2b5\"> </span>current.<span class=\"_ _2b5\"> </span>An asset is current when it is:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Expected to be realised or intended to be<span class=\"_ _1\"></span> sold or consumed in the normal operating cycle;<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Held primarily for the purpose of trading;<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Expected to be realised within twelve months after th<span class=\"_ _1\"></span>e balance sheet date; or<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Cash or cash equivalent unless restricted from bein<span class=\"_ _1\"></span>g exchanged or used to settle a liability for at least twelve months after the balance sheet date.<span class=\"_ _2b5\"> </span>All other assets are classified as non-current.<span class=\"_ _2b5\"> </span>A liability is current when:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>It is expected to be settled in the normal opera<span class=\"_ _1\"></span>ting cycle;<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>It is held primarily for the purpose of trading;<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>It is due to be settled within twelve months after the b<span class=\"_ _1\"></span>alance sheet date; or<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>There is no unconditional right to defer th<span class=\"_ _1\"></span>e settlement of the liability for at least twelve months after the balance sheet date.<span class=\"_ _2b5\"> </span>All other liabilities are classified as non-current.<span class=\"_ _2b5\"> </span>Recoverable amount of non-current assets<span class=\"_ _2b5\"> </span>At each balance sheet date, the Group assesses whether there is any in<span class=\"_ _1\"></span>dication that a non-current asset may be impaired. Where an indicator of impairment exists, the Group makes a fo<span class=\"_ _1\"></span>rmal estimate of the asset\u2019s recoverable amount. Where the carrying amount of an asset exce<span class=\"_ _1\"></span>eds its recoverable amount, the asset is considered impaired and is written down to its recoverable amoun<span class=\"_ _1\"></span>t. The recoverable amount is the higher of an asset\u2019s, or cash-generating unit\u2019s, fair value less costs to sell and<span class=\"_ _1\"></span> its value in use, and is determined for an individual asset, unless the asset does not gene<span class=\"_ _1\"></span>rate cash inflows that are largely independent of those from other assets or groups of assets.<span class=\"_ _2b5\"> </span>Consideration of climate change<span class=\"_ _2b5\"> </span>The impact of climate change has been considered in the preparation of these consolidated f<span class=\"_ _2a\"></span>inancial statements across a number of areas, including our evaluation of the<span class=\"_ _1\"></span> critical accounting estimates and assumptions which are<span class=\"ls57 ws46\"> detailed below,</span> consistent with the risks and opportunities set o<span class=\"_ _1\"></span>ut in the strategic report on pages 50 to 56. <span class=\"ls9 ws1\">None of these risks had a material effect on the critical accounting estimates a<span class=\"_ _1\"></span>nd </span>assumptions or on the consolidated financial statements of the Group<span class=\"_ _1\"></span>.<span class=\"_ _2b5\"> </span>The following areas were considered during the preparation<span class=\"_ _1\"></span> of these consolidated financial statements:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>contract judgements made on the Group\u2019s majo<span class=\"_ _1\"></span>r contracts including contract fulfilment assets;<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>going concern and viability of the Group ove<span class=\"_ _1\"></span>r the relevant respective period;<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>cash flow forecasts used in the impairment assessments o<span class=\"_ _1\"></span>f non-current assets including the Group\u2019s intangible assets such as customer contracts and goodwill;<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>carrying value and useful economic lives of prop<span class=\"_ _1\"></span>erty, plant and equipment; and<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>the valuation of assets held within the Group\u2019s p<span class=\"_ _1\"></span>ension schemes.<span class=\"_ _2b5\"> </span>As current legislation stands, there is currently no material short or medium-term1 impact expected from climate change on the Group. <span class=\"fs5 fc7\">The Group will continue to monitor it\u2019s climate strategy and the impact that </span>policies or changes in legislation may have on the estimates the Group<span class=\"_ _1\"></span> makes, and any subsequent impact on assets and liabilities recognised and presented in its consolidate<span class=\"_ _1\"></span>d financial statements.<span class=\"_ _2b5\"> </span>Significant accounting judgements, estimates and assumptions<span class=\"_ _2b5\"> </span>The preparation of financial statements in accordance with gene<span class=\"_ _1\"></span>rally accepted accounting principles requires the directors to make judgements and assumptions that affect th<span class=\"_ _1\"></span>e reported amounts of assets and liabilities and disclosure of contingencies at the date of the financial sta<span class=\"_ _1\"></span>tements and the reported income and expense during the presented periods. Although these judgements and assumptions are based on the directors\u2019 best knowledge of the amount, events or actions, actual results ma<span class=\"_ _1\"></span>y differ.<span class=\"_ _2b5\"> </span>As described in note<span class=\"_ gs15\"> </span>2.1, given the level of judgemen<span class=\"_ _1\"></span>t and estimation involved in assessing the future profitability of contracts, it is reasonably possible that outcomes within the next fin<span class=\"_ _1\"></span>ancial year may be different from management\u2019s assumptions and could require a materia<span class=\"_ _1\"></span>l adjustment to the carrying amounts of contract assets and, onerous contract provisions.<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span><span class=\"ls9 ws1\">A</span>s defined in the Task Force on Climate-related Financial Disclosures sec<span class=\"_ _2a\"></span>tion of the Strategic Report<span class=\"_ _2b5\"> </span>Judgements<span class=\"_ _2b5\"> </span>The key areas where significant accounting judgements have been made and which have the most significant effect on the amounts recognised in the consolidated fina<span class=\"_ _1\"></span>ncial statements, are summarised below and set out in more detail in the related note(s):<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Contract accounting (note 2.1):<span class=\"_ _2b5\"> </span>\u2013<span class=\"_ _1a8\"> </span><span class=\"ls57 ws46\">Revenue rec<span class=\"_ _2a\"></span>ognition;<span class=\"_ _2b5\"> </span></span>\u2022<span class=\"_ _ae\"> </span>Capitalisation of contract fulfilment assets (note<span class=\"_ gs15\"> </span>3.1.3<span class=\"_ _1\"></span>); and<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Adoption of the going concern basis of pre<span class=\"_ _1\"></span>paration (section 1).<span class=\"_ _2b5\"> </span>Estimates<span class=\"ls57 ws46\"> and assumptions<span class=\"_ _2b5\"> </span></span>The key assumptions concerning the future and other key sources o<span class=\"_ _1\"></span>f estimation uncertainty at the balance sheet date, which have a significant risk of causing material adjustment to th<span class=\"_ _1\"></span>e carrying amounts of assets and liabilities within the next financial year, are summarised below and se<span class=\"_ _1\"></span>t out in more detail in the related note. The Group based its assumptions and estimates on paramete<span class=\"_ _1\"></span>rs available when the consolidated financial statements were prepared.<span class=\"_ _2b5\"> </span>Existing circumstances and assumptions about future developments, howeve<span class=\"_ _1\"></span>r, may change due to market changes or circumstances arising that are beyond the control of the Gro<span class=\"_ _1\"></span>up. Such changes are incorporated into the assumptions when they occur:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Contract accounting (note<span class=\"_ gs15\"> </span>2.1):<span class=\"_ _2b5\"> </span>\u2013<span class=\"_ _1a8\"> </span>Impairment of contract fulfilment assets;<span class=\"_ _2b5\"> </span>\u2013<span class=\"_ _1a8\"> </span>Customer and onerous contract provisions;<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Deferred tax asset recognition (note<span class=\"_ gs15\"> </span>2.6); and<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">Measurement of defined benefit pension obligations (note<span class=\"_ gs15\"> </span>5.2).<span class=\"_ _2b5\"> </span></span>For ease of reference, the symbols below have been used to denote significant accounti<span class=\"_ _2a\"></span>ng judgements and/<span class=\"_ _2b5\"> </span>or significant accounting estimates and assumptions where they occur within<span class=\"_ _1\"></span> the notes to these consolidated financial statements:<span class=\"_ _2b5\"> </span>Denotes significant accounting judgements<span class=\"_ _2b5\"> </span>Denotes significant accounting estimates and assumptions<span class=\"_ _2b5\"> </span>New standards and interpretations adopted<span class=\"_ _2b5\"> </span>The accounting policies adopted are consistent with those of the p<span class=\"_ _1\"></span>revious financial year. In addition, the Group has adopted the new, and amendments to, standards listed below. These amendments were ei<span class=\"_ _2a\"></span>ther not applicable or not material to the Group or Parent Company.<span class=\"_ _2b5\"> </span>International Accounting Standards (IAS/IFRS)<span class=\"_ _1e7\"> </span>Effective date<span class=\"_ _2b5\"> </span>IFRS<span class=\"_ gs15\"> </span>17 Insurance Contracts and amendments to IFRS<span class=\"_ gs15\"> </span>17 Insurance Con<span class=\"_ _1\"></span>tracts<span class=\"_ _11e\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2b5\"> </span></span>Disclosure of Accounting Policies (Amendments to IAS<span class=\"_ gs15\"> </span>1 and IFRS Practice Statement<span class=\"_ gs15\"> </span>2)<span class=\"_ _2b5\"> </span>1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2b5\"> </span>Definition of Accounting Estimates (Amendments to IAS<span class=\"_ gs15\"> </span>8)<span class=\"_ _1e8\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2b5\"> </span></span>Deferred Tax related to Assets and Liabilities arising from a Single Transa<span class=\"_ _1\"></span>ction (Amendments to IAS<span class=\"_ gs15\"> </span>12)<span class=\"_ _d6\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2b5\"> </span></span>International Tax Reform - Pillar Two Model Rules (Amendments to IAS<span class=\"_ gs15\"> </span>12)<span class=\"_ _2b5\"> </span>1 January 2023<span class=\"_ _2b5\"> </span>New standards and interpretations not yet adopted<span class=\"_ _2b5\"> </span>The International Accounting Standards Board (IASB) has issued the follo<span class=\"_ _1\"></span>wing standards, amendments and interpretations with an effective date after the date of these consolid<span class=\"_ _1\"></span>ated financial statements. These are effective for annual reporting periods beginning on or after the date indicated:<span class=\"_ _2b5\"> </span>International Accounting Standards (IAS/IFRS)<span class=\"_ _1e7\"> </span>Effective date<span class=\"_ _2b5\"> </span>Classification of liabilities as current or non-current and non-current liabilitie<span class=\"_ _1\"></span>s with Covenants - Amendments to IAS<span class=\"_ gs15\"> </span>1<span class=\"_ _1e9\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2024<span class=\"_ _2b5\"> </span></span>Lease Liability in a Sale and Leaseback - Amendments to IFRS<span class=\"_ gs15\"> </span>16<span class=\"_ _2b5\"> </span>1<span class=\"_ gs15\"> </span>January 2024<span class=\"_ _2b5\"> </span>Supplier Finance Arrangements - Amendments to IAS<span class=\"_ gs15\"> </span>7 and IFRS<span class=\"_ gs15\"> </span>7<span class=\"_ _2b5\"> </span>1<span class=\"_ gs15\"> </span>January 2024<span class=\"_ _2b5\"> </span>Lack of exchangeability - Amendments to IAS<span class=\"_ gs15\"> </span>211<span class=\"_ _2b5\"> </span>1<span class=\"_ gs15\"> </span>January 2025<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span><span class=\"ls9 ws1\">T</span>he effective date is based on the standard or amendment issued by the IASB and are still subject to adoption by the UK Endorsement Board.<span class=\"_ _2b5\"> </span>The Group is assessing the impact of these new standards and the Gro<span class=\"_ _1\"></span>up\u2019s financial reporting will be presented in accordance with these standards from the effective date<span class=\"_ _1\"></span>.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfPreparationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-493": {
   "value": "These financial statements consolidate those of Capita<span class=\"_ gs15\"> </span>plc (the Compa<span class=\"_ _1\"></span>ny or the Parent Company) and all of<span class=\"_ _2b5\"> </span> its subsidiaries (the Group). Capita<span class=\"_ gs15\"> </span>plc is a public limited compa<span class=\"_ _1\"></span>ny incorporated in England and Wales<span class=\"_ _2b5\"> </span> whose shares are publicly traded. The principal activities o<span class=\"_ _1\"></span>f the Group are given in the strategic report on<span class=\"_ _2b5\"> </span> pages 14 to 21.<span class=\"_ _2b5\"> </span>These consolidated financial statements of Capita<span class=\"_ gs15\"> </span>plc for the year en<span class=\"_ _1\"></span>ded <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span> were<span class=\"_ _2b5\"> </span> authorised for issue in accordance with a resolution of the directors on<span class=\"_ _1\"></span> <span class=\"ls57 ws46\">5<span class=\"_ gs15\"> </span>March 2024</span>.<span class=\"_ _2b5\"> </span>These consolidated financial statements are presented in British po<span class=\"_ _1\"></span>unds sterling and all values are rounded<span class=\"_ _2b5\"> </span> to the nearest tenth of a million (\u00a3m) except where otherwise indicated.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralInformationAboutFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-2": {
   "value": "Capita<span class=\"_ gs15\"> </span>plc",
   "dimensions": {
    "concept": "ifrs-full:NameOfParentEntity",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-441": {
   "value": "Capita<span class=\"_ gs15\"> </span>plc",
   "dimensions": {
    "concept": "ifrs-full:NameOfReportingEntityOrOtherMeansOfIdentification",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-3": {
   "value": "public limited compa<span class=\"_ _1\"></span>ny",
   "dimensions": {
    "concept": "ifrs-full:LegalFormOfEntity",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-4": {
   "value": "England and Wales<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:CountryOfIncorporation",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-516": {
   "value": "These consolidated financial statements of Capita<span class=\"_ gs15\"> </span>plc for the year en<span class=\"_ _1\"></span>ded <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span> were<span class=\"_ _2b5\"> </span> authorised for issue in accordance with a resolution of the directors on<span class=\"_ _1\"></span> <span class=\"ls57 ws46\">5<span class=\"_ gs15\"> </span>March 2024</span>.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuthorisationOfFinancialStatementsExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-517": {
   "value": "These consolidated financial statements are presented in British po<span class=\"_ _1\"></span>unds sterling and all values are rounded<span class=\"_ _2b5\"> </span> to the nearest tenth of a million (\u00a3m) except where otherwise indicated.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFunctionalCurrencyExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-494": {
   "value": "Statement of compliance<span class=\"_ _2b5\"> </span>These consolidated financial statements have been prepared in accordance with UK-adopt<span class=\"_ _2a\"></span>ed International<span class=\"_ _2b5\"> </span> Financial Reporting Standards (IFRSs) and the Disclosure and Transp<span class=\"_ _1\"></span>arency Rules of the UK's Financial<span class=\"_ _2b5\"> </span> Conduct Authority.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:StatementOfIFRSCompliance",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-495": {
   "value": "Basis of consolidation<span class=\"_ _2b5\"> </span>These consolidated financial statements comprise the financial stateme<span class=\"_ _1\"></span>nts of the Group at 31<span class=\"_ gs15\"> </span>December<span class=\"_ _2b5\"> </span> each year. Subsidiaries are consolidated from the date on which con<span class=\"_ _1\"></span>trol is transferred to the Group until<span class=\"_ _2b5\"> </span> control is transferred out of the Group. Where there is a loss of control of a su<span class=\"_ _1\"></span>bsidiary, these consolidated<span class=\"_ _2b5\"> </span> financial statements include the results for that part of the reporting year d<span class=\"_ _1\"></span>uring which Capita<span class=\"_ gs15\"> </span>plc had control<span class=\"_ _2b5\"> </span> and the profit or loss on disposal is calculated as the difference betwee<span class=\"_ _1\"></span>n the fair value of the consideration<span class=\"_ _2b5\"> </span> received and the carrying amount of the net assets (including goo<span class=\"_ _1\"></span>dwill) disposed of. Losses applicable to<span class=\"_ _2b5\"> </span> the non-controlling interests in subsidiaries are attributed to the non<span class=\"_ _1\"></span>-controlling interests even if that results<span class=\"_ _2b5\"> </span> in the non-controlling interests having a deficit balance.<span class=\"_ _2b5\"> </span>Investments in associates are accounted for using the equity method. Und<span class=\"_ _1\"></span>er the equity method, the<span class=\"_ _2b5\"> </span> investment in the entity is stated as a one line item at cost plus the investor\u2019s share<span class=\"_ _1\"></span> of retained post-<span class=\"_ _2b5\"> </span>acquisition profits or losses and other changes in net assets less any impa<span class=\"_ _1\"></span>irment.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBasisOfConsolidationExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-496": {
   "value": "Going concern<span class=\"_ _2b5\"> </span>In determining the appropriate basis of preparation of the fina<span class=\"_ _1\"></span>ncial statements for the year ended 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\">, the Board is required to consider whether the Group and Parent Compa<span class=\"_ _1\"></span>ny can continue </span>in operational existence for the foreseeable future. The Board<span class=\"_ _1\"></span> has concluded that it is appropriate to adopt the going concern basis, having undertaken a rigorous assessme<span class=\"_ _1\"></span>nt of the financial forecasts, key uncertainties, sensitivities, and mitigations as set out below.<span class=\"_ _2b5\"> </span>Accounting standards require that \u2018the foreseeable future\u2019 for go<span class=\"_ _1\"></span>ing concern assessment covers a period of at least twelve months from the date of approval of these financial stateme<span class=\"_ _1\"></span>nts, although those standards do not specify how far beyond twelve months a Board should consider. In its go<span class=\"_ _1\"></span>ing concern assessment, the Board has considered the period from the date of approval of these financial statem<span class=\"_ _2a\"></span>ents to 30<span class=\"_ gs15\"> </span>June 2025 (\u2018the going concern period\u2019), which aligns with a period end and co<span class=\"_ _1\"></span>venant test date for the Group, and has also allowed the Board to assess the liquidity impact of the borrowings that ma<span class=\"_ _1\"></span>ture in January 2025 and April 2025 (refer to note 4.5.3 to the consolidated financial sta<span class=\"_ _1\"></span>tements). There are no other debt maturities in the period to 30 June 2025.<span class=\"_ _2b5\"> </span>The base case financial forecasts used in the going concern assessme<span class=\"_ _1\"></span>nt are derived from the 2024-2025 business plans as approved by the Board in December 2023.<span class=\"_ _2b5\"> </span>The going concern assessment considers the Group\u2019s sources and u<span class=\"_ _1\"></span>ses of liquidity and covenant compliance throughout the period under review. The value o<span class=\"_ _1\"></span>f the Group\u2019s committed revolving credit facility (RCF) was <span class=\"ls57 ws46\">\u00a3260.7m</span> at <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span> <span class=\"ls57 ws46\">having been extended to 31<span class=\"_ gs15\"> </span>December 2026. The original terms </span>of the RCF are substantially unchanged. The value was subsequently reduced to \u00a3250m on 23<span class=\"_ gs15\"> </span>January<span class=\"_ _2a\"></span> 2024 following receipt of proceeds from the disposal of the Group\u2019s in<span class=\"_ _1\"></span>vestment in Fera Science Limited.<span class=\"_ _2b5\"> </span>In July the Group issued <span class=\"ls57 ws46\">\u00a3101.9m</span> <span class=\"ls57 ws46\">equi</span>valent of new private placement loan<span class=\"_ _1\"></span> notes across three tranches: \u00a350m maturing 25<span class=\"_ gs15\"> </span>July 2026, USD45m maturing 25<span class=\"_ gs15\"> </span>July 2026 and USD23<span class=\"_ _1\"></span>m maturing 25<span class=\"_ gs15\"> </span>July 2028, with an average interest rate of 9.45%. The notes rank pari passu with the e<span class=\"_ _1\"></span>xisting indebtedness of the Group and includes financial covenants determined on the same basis as those u<span class=\"_ _1\"></span>nder the existing private placement loan notes.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoingConcernExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-518": {
   "value": "Foreign currency translation<span class=\"_ _2b5\"> </span>The functional and presentation currency of Capita<span class=\"_ gs15\"> </span>plc and its UK sub<span class=\"_ _1\"></span>sidiaries is the British pound sterling (\u00a3). Transactions in foreign currencies are initially recorded at the functio<span class=\"_ _1\"></span>nal currency exchange rate ruling at the date of the transaction. Monetary assets and liabilities denomina<span class=\"_ _1\"></span>ted in foreign currencies are retranslated at the functional currency exchange rate ruling at the<span class=\"_ _1\"></span> balance sheet date. All differences are taken to the consolidated income statement with the exception of differe<span class=\"_ _1\"></span>nces on foreign currency borrowings that provide a hedge against a net investment in a fore<span class=\"_ _1\"></span>ign operation. These are taken directly to equity until the disposal of the net investment, at which time they are recogn<span class=\"_ _1\"></span>ised in the consolidated income statement.<span class=\"_ _2b5\"> </span>Tax charges and credits attributable to exchange differences on<span class=\"_ _1\"></span> those borrowings are also taken directly to equity. Non-monetary items that are measured at historical cost in a foreign cu<span class=\"_ _1\"></span>rrency are translated using the exchange rate at the date of initial transaction. Non-monetary items me<span class=\"_ _1\"></span>asured at fair value in a foreign currency are translated using the exchange rates at the date when<span class=\"_ _1\"></span> the fair value was determined.<span class=\"_ _2b5\"> </span>The functional currencies of overseas operations include the eu<span class=\"_ _1\"></span>ro, Indian rupee, South African rand, Polish zloty and the US<span class=\"_ gs15\"> </span>dollar. At the balance sheet date, the assets and liab<span class=\"_ _1\"></span>ilities of the overseas operations are retranslated into the presentation currency of Capita<span class=\"_ gs15\"> </span>plc at the excha<span class=\"_ _1\"></span>nge rate ruling on the balance sheet date and their income statements are translated using the weighte<span class=\"_ _1\"></span>d average exchange rate for the year.<span class=\"_ _2b5\"> </span>The exchange differences arising on the retranslation are take<span class=\"_ _1\"></span>n directly to a separate component of equity. On disposal of a foreign operation, the deferred cumulative foreig<span class=\"_ _1\"></span>n currency translation difference recognised in equity relating to that particular foreign operation is re<span class=\"_ _1\"></span>cognised in the consolidated income statement.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForForeignCurrencyTranslationExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-549": {
   "value": "Significant accounting judgements, estimates and assumptions<span class=\"_ _2b5\"> </span>The preparation of financial statements in accordance with gene<span class=\"_ _1\"></span>rally accepted accounting principles requires the directors to make judgements and assumptions that affect th<span class=\"_ _1\"></span>e reported amounts of assets and liabilities and disclosure of contingencies at the date of the financial sta<span class=\"_ _1\"></span>tements and the reported income and expense during the presented periods. Although these judgements and assumptions are based on the directors\u2019 best knowledge of the amount, events or actions, actual results ma<span class=\"_ _1\"></span>y differ.<span class=\"_ _2b5\"> </span>As described in note<span class=\"_ gs15\"> </span>2.1, given the level of judgemen<span class=\"_ _1\"></span>t and estimation involved in assessing the future profitability of contracts, it is reasonably possible that outcomes within the next fin<span class=\"_ _1\"></span>ancial year may be different from management\u2019s assumptions and could require a materia<span class=\"_ _1\"></span>l adjustment to the carrying amounts of contract assets and, onerous contract provisions.<span class=\"_ _2b5\"> </span>Judgements<span class=\"_ _2b5\"> </span>The key areas where significant accounting judgements have been made and which have the most significant effect on the amounts recognised in the consolidated fina<span class=\"_ _1\"></span>ncial statements, are summarised below and set out in more detail in the related note(s):<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Contract accounting (note 2.1):<span class=\"_ _2b5\"> </span>\u2013<span class=\"_ _1a8\"> </span><span class=\"ls57 ws46\">Revenue rec<span class=\"_ _2a\"></span>ognition;<span class=\"_ _2b5\"> </span></span>\u2022<span class=\"_ _ae\"> </span>Capitalisation of contract fulfilment assets (note<span class=\"_ gs15\"> </span>3.1.3<span class=\"_ _1\"></span>); and<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Adoption of the going concern basis of pre<span class=\"_ _1\"></span>paration (section 1).<span class=\"_ _2b5\"> </span>Estimates<span class=\"ls57 ws46\"> and assumptions<span class=\"_ _2b5\"> </span></span>The key assumptions concerning the future and other key sources o<span class=\"_ _1\"></span>f estimation uncertainty at the balance sheet date, which have a significant risk of causing material adjustment to th<span class=\"_ _1\"></span>e carrying amounts of assets and liabilities within the next financial year, are summarised below and se<span class=\"_ _1\"></span>t out in more detail in the related note. The Group based its assumptions and estimates on paramete<span class=\"_ _1\"></span>rs available when the consolidated financial statements were prepared.<span class=\"_ _2b5\"> </span>Existing circumstances and assumptions about future developments, howeve<span class=\"_ _1\"></span>r, may change due to market changes or circumstances arising that are beyond the control of the Gro<span class=\"_ _1\"></span>up. Such changes are incorporated into the assumptions when they occur:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Contract accounting (note<span class=\"_ gs15\"> </span>2.1):<span class=\"_ _2b5\"> </span>\u2013<span class=\"_ _1a8\"> </span>Impairment of contract fulfilment assets;<span class=\"_ _2b5\"> </span>\u2013<span class=\"_ _1a8\"> </span>Customer and onerous contract provisions;<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Deferred tax asset recognition (note<span class=\"_ gs15\"> </span>2.6); and<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">Measurement of defined benefit pension obligations (note<span class=\"_ gs15\"> </span>5.2).<span class=\"_ _2b5\"> </span></span>For ease of reference, the symbols below have been used to denote significant accounti<span class=\"_ _2a\"></span>ng judgements and/<span class=\"_ _2b5\"> </span>or significant accounting estimates and assumptions where they occur within<span class=\"_ _1\"></span> the notes to these consolidated financial statements:<span class=\"_ _2b5\"> </span>Denotes significant accounting judgements<span class=\"_ _2b5\"> </span>Denotes significant accounting estimates and assumptions<span class=\"_ _2b5\"> </span><div class=\"t m0 h39 ff52 fs5 fc6 sc0 ls57 ws46 gs122\">Significant accounting estimates and assumptions<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs123\">Due to the size and complexity of some of the Group\u2019s contracts, there are sign<span class=\"_ _1\"></span>ificant judgements to be </div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs124\">applied, specifically in assessing: (i) the recoverability of non-current contract fu<span class=\"_ _1\"></span>lfilment assets; and (ii) the </div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls57 ws46 gs125\">completeness of the customer and onerous contract provisions. These judgements<span class=\"_ _2a\"></span> are dependent on </div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs126\">assessing the contract\u2019s future profitability and give rise to a key source of estima<span class=\"_ _1\"></span>tion uncertainty. It is </div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs127\">possible that outcomes within the next financial year may be different from man<span class=\"_ _1\"></span>agement\u2019s assumptions and </div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs128\">could require a material adjustment to the carrying amounts of contract a<span class=\"_ _1\"></span>ssets and onerous contract </div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs129\">provisions.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff52 fs5 fc7 sc0 ls57 ws46 gs12a\">Significant accounting judgements<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs12b\">Significant judgement is exercised by management as to when to recogn<span class=\"_ _1\"></span>ise revenue from variations or </div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs12c\">scope changes on long-term contracts. There is a risk that revenue may b<span class=\"_ _1\"></span>e recognised even though it is not </div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs12d\">probable that consideration will be collected, which could be due to<span class=\"_ _1\"></span> uncertainties over contractual terms and </div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs12e\">ongoing negotiations with clients. Judgement is also required when<span class=\"_ _1\"></span> customers request scope changes to </div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs12f\">determine if there is a contract modification or a contract termination followed b<span class=\"_ _1\"></span>y a new contract. Contract </div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs130\">terminations can lead to the immediate recognition of any deferred<span class=\"_ _1\"></span> income being held for recognition in </div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs131\">future periods. Refer to note 2.2 for the Group\u2019s accounting policies.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff55 fs5 fc6 sc0 ls9 ws1 gs133\">Assessing contract profitability<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs134\">In assessing a contract\u2019s future lifetime profitability, management must estimate fore<span class=\"_ _1\"></span>cast revenue and costs </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs135\">to both transform and run the service over the remaining contract term. Th<span class=\"_ _1\"></span>e ability to accurately forecast the </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs136\">outcomes involves estimates in respect of: costs to be incurred; cost savings to be a<span class=\"_ _1\"></span>chieved; future </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs137\">performance against any contract-specific key performance indicators (KPIs) that co<span class=\"_ _1\"></span>uld trigger variable </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs138\">consideration or service credits; outcome of any commercial negotiations; an<span class=\"_ _1\"></span>d impact of inflation on the cost </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls57 ws46 gs139\">base and the indexation of revenue.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs13a\">The level of uncertainty in the estimated future profitability of a contract is d<span class=\"_ _1\"></span>irectly related to the stage in the </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs13b\">life-cycle of the contract and the complexity of the performance obligation<span class=\"_ _1\"></span>s. Contracts in the transformation </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs13c\">stage are considered to have a higher level of uncertainty beca<span class=\"_ _1\"></span>use of:<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs13d\">\u2022<span class=\"_ _ae\"> </span>the ability to accurately estimate the costs to deliver the tra<span class=\"_ _1\"></span>nsformed process;<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs13e\">\u2022<span class=\"_ _ae\"> </span>the dependency on the customer to agre<span class=\"_ _1\"></span>e to the specifics of the transformation: for example, where they </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs13f\">are involved in certifying that the new process or, the new technical solution<span class=\"_ _1\"></span>, designed by Capita meets </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs140\">their specific requirements; and<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs141\">\u2022<span class=\"_ _ae\"> </span>the assumptions made to forecast expected savin<span class=\"_ _1\"></span>gs in the target operating model.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs142\">Those contracts which are in BAU tend to have a much lower level of uncerta<span class=\"_ _1\"></span>inty in estimating future </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs143\">profitability.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff55 fs5 fc6 sc0 ls9 ws1 gs144\">Recoverability of non-current contract fulfilment assets and completeness of on<span class=\"_ _1\"></span>erous contract provisions<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs145\">Management first assesses whether contract assets are impaired and then<span class=\"_ _1\"></span> further considers whether an </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs146\">onerous contract exists. For half and full year reporting, the Audit and Risk Co<span class=\"_ _1\"></span>mmittee specifically reviews </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs147\">the material judgements and estimates, and the overall approach<span class=\"_ _1\"></span> to this assessment in respect of the </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs148\">Group\u2019s major contracts, including comparison against previous forecasts. Major co<span class=\"_ _1\"></span>ntracts include those </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs149\">that are material in size or risk to the Group\u2019s results. An assessment of which contracts are<span class=\"_ _1\"></span> major contracts </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs14a\">is performed twice a year, and to enable comparability the prior period a<span class=\"_ _1\"></span>mounts below are re-presented to </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs14b\">reflect the same scope as the current period. Other contracts are reported<span class=\"_ _1\"></span> to the Audit and Risk Committee </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs14c\">as deemed appropriate. These contracts are collectively referred to a<span class=\"_ _1\"></span>s \u2018major contracts\u2019 in the remainder of </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs14d\">this note.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs14e\">The major contracts contributed \u00a31.1 billion (<span class=\"_ _1\"></span><span class=\"ls57 ws46\">2022<span class=\"ls9 ws1\">: \u00a31.1 billion) or </span>42%<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>42%<span class=\"ls9 ws1\">) of Group adjusted </span></span></div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls57 ws46 gs14f\">revenue. <span class=\"ls9 ws1\">Non-current contract fulfilment assets at </span>31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> were </span>\u00a3257.0m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a3263.0m<span class=\"ls9 ws1\">), of </span></div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs150\">which <span class=\"ls57 ws46\">\u00a3125.1m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a3109.7m</span>) relates to major contracts with ongoing transformational activities. Th<span class=\"_ _1\"></span>e </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs151\">remainder relates to contracts post transformation and includes non-ma<span class=\"_ _1\"></span>jor contracts.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs152\">The major contracts, both pre- and post-transformation, are rated acco<span class=\"_ _1\"></span>rding to their financial risk profile, </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs153\">which is linked to the level of uncertainty over future assumptions. For those<span class=\"_ _1\"></span> that are in the high and </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs154\">medium rated risk categories the associated non-current contract fulfilment asse<span class=\"_ _1\"></span>ts were, in aggregate, </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls57 ws46 gs155\">\u00a352.8m<span class=\"ls9 ws1\"> at </span>31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a342.2m<span class=\"ls9 ws1\">). The recoverability of these assets is dependent on no </span></div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs156\">significant adverse change in the key contract assumptions arising durin<span class=\"_ _1\"></span>g the next financial year. The </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs157\">balance of deferred income associated with these contrac<span class=\"_ _1\"></span>ts was <span class=\"ls57 ws46\">\u00a3109.5m</span> at <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span> (<span class=\"ls57 ws46\">2022</span>: </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls57 ws46 gs158\">\u00a3116.2m<span class=\"ls9 ws1\">) and is forecast to be recognised as performance obligations continu<span class=\"_ _1\"></span>e to be delivered over the life </span></div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs159\">of the respective contracts. Onerous contract provisions associated with these co<span class=\"_ _1\"></span>ntracts were <span class=\"ls57 ws46\">\u00a337.3m</span> at </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls57 ws46 gs15a\">31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a342.5m<span class=\"ls9 ws1\">).<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs15c\">Following these reviews, and reviews of smaller contracts across the business,<span class=\"_ _1\"></span><span class=\"ls57 ws46\"> as outlined in note<span class=\"_ gs15\"> </span>3.1.3,<span class=\"ls9 ws1\"> </span></span></div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs15d\">non-current contract fulfilment asset impairments of <span class=\"_ _1\"></span><span class=\"ls57 ws46\">\u00a33.4m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a33.8m) were identifi<span class=\"_ _2a\"></span>ed and recognised </span></div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs15e\">within adjusted cost of sales, of which <span class=\"ls57 ws46\">\u00a3nil</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a30.5m</span>) relates to <span class=\"_ _1\"></span>non-current contract fulfilment assets </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls57 ws46 gs15f\">added during the period, and net onerous contract provisions of \u00a37.1m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a31.7m<span class=\"ls9 ws1\">) were identified and </span></div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls57 ws46 gs160\">recognised in <span class=\"ls9 ws1\">adjusted cost of sales.<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs161\">Given the quantum of the relevant contract assets and liabilities, and the<span class=\"_ _1\"></span> nature of the estimates noted </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls57 ws46 gs162\">above, management has concluded<span class=\"ls9 ws1\"> it is reasonably possible, that outcomes within the next financial year </span></div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs163\">may be different from management\u2019s current assumptions and could req<span class=\"_ _1\"></span>uire a material adjustment to the </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs164\">carrying amounts of contract assets and onerous contract provisions. Howeve<span class=\"_ _1\"></span>r, as noted above, <span class=\"ls57 ws46\">\u00a3125.1m</span> of </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs165\">non-current contract fulfilment assets relates to major contracts with ongoing tra<span class=\"_ _1\"></span>nsformational activities; </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls57 ws46 gs166\">and, \u00a352.8m of non-<span class=\"ls9 ws1\">current contract fulfilment assets and </span>\u00a337.3m<span class=\"ls9 ws1\"> of onerous contract p<span class=\"_ _1\"></span>rovisions relate to </span></div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs167\">the highest and medium rated risk category. Due to the level of uncerta<span class=\"_ _1\"></span>inty, combination of variables and </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs168\">timing across numerous contracts, it is not practical to provide a quantitative ana<span class=\"_ _1\"></span>lysis of the aggregated </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls57 ws46 gs169\">judgements that are applied, and management do not believe that disclosing a potential range of out<span class=\"_ _2a\"></span>comes </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs16a\">on a consolidated basis would provide meaningful information to a<span class=\"_ _1\"></span> user of the financial statements. Due to </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs16b\">commercial sensitivities, the Group does not specifically disclose the amounts involved<span class=\"_ _1\"></span> in any individual </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs16c\">contract.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs16d\">Certain major transformation contracts have key milestones during the next twe<span class=\"_ _1\"></span>lve months and an inability </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs16e\">to meet these key milestones could lead to reduced profitability and a<span class=\"_ _1\"></span> risk of impairment of the associated </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs16f\">contract assets. These include contracts with the BBC, Transport for London<span class=\"_ _1\"></span>, Department for Work and </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs170\">Pensions and the City of London Police.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs171\">Additional information, which does not form part of these<span class=\"_ _1\"></span> consolidated financial statements, on the results </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs172\">and performance of the underlying divisions including the outloo<span class=\"_ _1\"></span>k on certain contracts is set out in the </div><div class=\"t m0 h38 ff55 fs5 fc7 sc0 ls9 ws1 gs173\">divisional performance review in the strategic report.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff66 fs5 fc7 sc0 ls57 ws46 gs2d3\">Significant accounting judgements and assumptions<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls9 ws1 gs1b9\">Deferred tax assets are recognised for all deductible temporary differen<span class=\"_ _1\"></span>ces, carry-forward of unused tax </div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls9 ws1 gs1ba\">assets and unused tax losses, to the extent that it is probable that taxab<span class=\"_ _1\"></span>le profit will be available against </div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls9 ws1 gs2d4\">which the deductible temporary differences and the carry-forward of un<span class=\"_ _1\"></span>used tax assets and unused tax </div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls9 ws1 gs2d5\">losses can be utilised, except where the deferred tax asset relating to th<span class=\"_ _1\"></span>e deductible temporary difference </div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls9 ws1 gs2d6\">arises from the initial recognition of an asset or liability in a transaction that is n<span class=\"_ _1\"></span>ot a business combination </div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls9 ws1 gs2d7\">and, at the time of the transaction, affects neither the accounting pro<span class=\"_ _1\"></span>fit nor taxable profit or loss. This </div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls9 ws1 gs1bf\">involves an assessment of when those assets are likely to reverse, and a jud<span class=\"_ _1\"></span>gement as to whether or not </div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls9 ws1 gs2d8\">there will be sufficient taxable profits available to offset the assets when they d<span class=\"_ _1\"></span>o reverse. This requires </div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls9 ws1 gs2d9\">assumptions regarding future profitability and is therefore inheren<span class=\"_ _1\"></span>tly uncertain. To the extent assumptions </div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls9 ws1 gs2da\">regarding future profitability change, there may be an increase o<span class=\"_ _1\"></span>r decrease in the amounts recognised in </div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls9 ws1 gs2db\">respect of deferred tax assets as well as in the amounts recognised durin<span class=\"_ _1\"></span>g the year in which the change </div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls9 ws1 gs2dc\">occurs.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff67 fs5 fc7 sc0 ls9 ws1 gs2dd\">Sensitivities and additional information relating to deferred tax assets/liab<span class=\"_ _1\"></span>ilities are provided in note<span class=\"_ gs15\"> </span>2.6.2.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff83 fs5 fc7 sc0 ls57 ws46 gs449\">Significant accounting judgements<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs44a\">Judgement is applied by the Group when determining what costs qua<span class=\"_ _1\"></span>lify to be capitalised, in particular when </div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs44b\">considering whether these costs are incremental and when conside<span class=\"_ _1\"></span>ring if costs generate or enhance </div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs44c\">resources to be used to satisfy future performance obligations and wh<span class=\"_ _1\"></span>ether costs are expected to be </div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs44d\">recoverable. For example, the Group considers which type of sales commission<span class=\"_ _1\"></span>s are incremental to the cost </div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs44e\">of obtaining specific contracts and the point in time when the costs will be cap<span class=\"_ _1\"></span>italised. See note<span class=\"_ gs15\"> </span>2.1 for </div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs44f\">further information.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff87 fs5 fc7 sc0 ls9 ws1 gs451\">Movements in non-current contract fulfilment assets were as follows<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3e ff87 fs1c fc7 sc0 ls9 ws1 gs452\">1<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff87 fs5 fc7 sc0 ls9 ws1 gs453\">:<span class=\"_ _2b5\"> </span></div><div class=\"gs454\"><table class=\"s w1a6 h8d\" id=\"_198cf740-0836-4aae-8497-2cd546c20604\"><tr><td></td><td class=\"t m0 x307 h3b y2e3d ff86 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y2e3d ff87 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x30a h3b y2e3e ff86 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2e3e ff87 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2e3f w19a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9dc y2e3f w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff86 fs5 fc7 sc0 ls57 ws46\">263.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9dd y2e3f w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls57 ws46\">286.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2e40 ff87 fs5 fc7 sc0 ls9 ws1\">Impact of change in accounting standards \u2013 amendments to IAS<span class=\"_ gs15\"> </span>37<span class=\"_ _2b5\"> </span></td><td class=\"c n x9de y2e41 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff86 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9df y2e41 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">(2.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2e42 ff87 fs5 fc7 sc0 ls57 ws46\">At 1<span class=\"_ gs15\"> </span>January 2022 on adoption of IAS<span class=\"_ gs15\"> </span>37<span class=\"_ _2b5\"> </span></td><td class=\"c n x330 y2e43 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff86 fs5 fc7 sc0 ls57 ws46\">263.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x331 y2e43 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls57 ws46\">284.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e44 w1a7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls57 ws46\">Additions<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x34c y2e44 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff86 fs5 fc7 sc0 ls57 ws46\">79.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e0 y2e44 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls57 ws46\">67.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2e45 ff87 fs5 fc7 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2b5\"> </span></td><td class=\"c n x9e1 y2e46 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff86 fs5 fc7 sc0 ls9 ws1\">(0.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e2 y2e46 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e47 w1a8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e3 y2e47 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff86 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e4 y2e47 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">(2.8)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e48 w1a9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">Impairment - included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x76c y2e48 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff86 fs5 fc7 sc0 ls9 ws1\">(3.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x76d y2e48 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">(3.8)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cef w1aa h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">Impairment - included in business exits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e5 y2cef w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff86 fs5 fc7 sc0 ls9 ws1\">(0.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x78f y2cef w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf0 w176 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">Derecognition - included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e6 y2cf0 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff86 fs5 fc7 sc0 ls9 ws1\">(4.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e7 y2cf0 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">(0.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf1 w10e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">Derecognition - included in business exits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e8 y2cf1 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff86 fs5 fc7 sc0 ls9 ws1\">(8.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e9 y2cf1 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e12 w1ab h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">Utilisation - included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x76e y2e12 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff86 fs5 fc7 sc0 ls57 ws46\">(68.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ea y2e12 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls57 ws46\">(79.3)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bf8 w1ac h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">Utilisation - included in business exits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e5 y2bf8 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff86 fs5 fc7 sc0 ls9 ws1\">(0.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9eb y2bf8 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">(2.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bfb w1ad h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ec y2bfb w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff86 fs5 fc7 sc0 ls9 ws1\">(0.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d1 y2bfb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w154 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">At 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ed y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff86 fs5 fc7 sc0 ls57 ws46\">257.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x311 y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls57 ws46\">263.0<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h3e ff87 fs1c fc7 sc0 ls9 ws1 gs455\">2<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3e ff87 fs1c fc7 sc0 ls9 ws1 gs456\">3<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3a ff87 fs8 fc7 sc0 ls58 ws47 gs457\">1.<span class=\"_ _9\"> </span>Refer to note<span class=\"_ gs234\"> </span>3.1.1 for current contract fulfilment assets.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3a ff87 fs8 fc7 sc0 ls58 ws47 gs458\">2.<span class=\"_ _9\"> </span>The Group initially applied the amendments to IAS<span class=\"_ gs234\"> </span>37 at 1<span class=\"_ gs234\"> </span>January 2022 and the cumulative effect of applying the amendments was </div><div class=\"t m0 h3a ff87 fs8 fc7 sc0 ls58 ws47 gs459\">recognised as an opening balance adjustment to retained earnings.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3a ff87 fs8 fc7 sc0 ls58 ws47 gs45a\">3.<span class=\"_ _9\"> </span>Transfers to disposal group assets held for sale in the year ended 31<span class=\"_ gs234\"> </span>December 2023 includes \u00a30.9m that was transferred at 30<span class=\"_ gs234\"> </span>June 2023 </div><div class=\"t m0 h3a ff87 fs8 fc7 sc0 ls58 ws47 gs45b\">and subsequently sold during the second half of the year.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff86 fs5 fc7 sc0 ls9 ws1 gs45c\">Impairment: <span class=\"ff87 ls57 ws46\">In 2023</span><span class=\"ff87\">, the Group recognised an impairment o<span class=\"_ _1\"></span>f <span class=\"ls57 ws46\">\u00a33.4m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a33.8m</span>) in cost of sales, of </span></div><div class=\"t m0 h38 ff87 fs5 fc7 sc0 ls9 ws1 gs45d\">which, <span class=\"ls57 ws46\">\u00a3nil</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a30.5m</span>) relates to contract fulfilment assets added during the year.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff86 fs5 fc7 sc0 ls57 ws46 gs155\">Derecognition:<span class=\"ff87 fc6 ls9 ws1\"> </span><span class=\"ff87\">In 2023<span class=\"ls9 ws1\">, </span>\u00a312.3m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a30.4m<span class=\"ls9 ws1\">) was derecognised, primarily in relation to a contract in </span></span></div><div class=\"t m0 h38 ff87 fs5 fc7 sc0 ls9 ws1 gs45e\">Capita Public Service following the termination of a customer contract and the<span class=\"_ _1\"></span> Group having no further use </div><div class=\"t m0 h38 ff87 fs5 fc7 sc0 ls9 ws1 gs157\">for the assets (<span class=\"ls57 ws46\">\u00a38.2m</span>). Subsequently the Group decided to exit the busin<span class=\"_ _1\"></span>ess this contract was within and </div><div class=\"t m0 h38 ff87 fs5 fc7 sc0 ls9 ws1 gs158\">therefore the derecognition of the contract fulfilment asset has bee<span class=\"_ _1\"></span>n included within business exits (refer to </div><div class=\"t m0 h38 ff87 fs5 fc7 sc0 ls9 ws1 gs159\">note<span class=\"_ gs15\"> </span>2.8). In <span class=\"ls57 ws46\">2022</span> the derecognition related to a contract in Cap<span class=\"_ _1\"></span>ita Experience where the scope of services </div><div class=\"t m0 h38 ff87 fs5 fc7 sc0 ls9 ws1 gs45f\">changed due to termination of contracts and the Group had n<span class=\"_ _1\"></span>o further use for the assets.<span class=\"_ _2b5\"> </span></div>The assessment of costs capitalised as intangible assets to generate future economic benefits:<span class=\"ff8b ls9 ws1\"> </span>judgement is applied in assessing whether costs incurred, both intern<span class=\"_ _1\"></span>al and external, will generate future economic benefits. Judgements and estimates are applied in dete<span class=\"_ _1\"></span>rmining the carrying value of the assets, including assumptions made in respect of the status of the programme e<span class=\"_ _1\"></span>ach asset relates to. Given the level of judgement and estimation involved in assessing future cash flows, it is re<span class=\"_ _1\"></span>asonably possible that outcomes within the next financial year may be different from managemen<span class=\"_ _1\"></span>t\u2019s assumptions and require an adjustment to the carrying value of intangible assets, however any ad<span class=\"_ _1\"></span>justment is not expected to be material.<span class=\"_ _2b5\"> </span><div class=\"t m0 h39 ff97 fs5 fc7 sc0 ls57 ws46 gs53b\">Denotes significant accounting estimates and assumptions<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff98 fs5 fc7 sc0 ls9 ws1 gs53c\">As detailed in note<span class=\"_ gs15\"> </span>2.1, in respect of onerous customer contract provisions, d<span class=\"_ _1\"></span>ue to the level of uncertainty, </div><div class=\"t m0 h38 ff98 fs5 fc7 sc0 ls9 ws1 gs53d\">combination of variables and timing across numerous contracts, it is not practical to<span class=\"_ _1\"></span> provide a quantitative </div><div class=\"t m0 h38 ff98 fs5 fc7 sc0 ls57 ws46 gs53e\">analysis of the aggregated estimates and assumptions that are applied, and management do not<span class=\"_ _2a\"></span> believe </div><div class=\"t m0 h38 ff98 fs5 fc7 sc0 ls9 ws1 gs53f\">that disclosing a potential range of outcomes on a consolidated b<span class=\"_ _1\"></span>asis would provide meaningful information </div><div class=\"t m0 h38 ff98 fs5 fc7 sc0 ls9 ws1 gs540\">to a user of the financial statements. Due to commercial sensitivities, the Group do<span class=\"_ _1\"></span>es not specifically </div><div class=\"t m0 h38 ff98 fs5 fc7 sc0 ls9 ws1 gs541\">disclose the amounts involved in any individual contract.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs76e\">Measurement of defined benefit obligations \u2013 the accounting<span class=\"_ _1\"></span> cost of these benefits and the present value of </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs76f\">pension liabilities involve judgements about uncertain events includ<span class=\"_ _1\"></span>ing such factors as the life expectancy of </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs770\">members, the salary progression of current employees, price inflation and<span class=\"_ _1\"></span> the discount rate used to </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs771\">calculate the net present value of the future pension payments. T<span class=\"_ _1\"></span>he Group uses estimates for all of these </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs772\">factors in determining the pension costs and liabilities incorporated in<span class=\"_ _1\"></span> the consolidated financial statements. </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs773\">The assumptions reflect historical experience and judgement regard<span class=\"_ _1\"></span>ing future expectations.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs774\">The Group continued to set Retail Price Inflation (RPI) in accordance with the<span class=\"_ _1\"></span> market break-even </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs775\">expectations less an inflation risk premium, which has remained at 0.25%<span class=\"_ gs15\"> </span>pa<span class=\"_ _1\"></span>. For Consumer Price Inflation </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs776\">(CPI), the Group reduced the assumed difference between RPI and CPI to an<span class=\"_ _1\"></span> average of 0.60%<span class=\"_ gs15\"> </span>pa.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs777\">Short-term inflation expectations continued to remain high due to the<span class=\"_ _1\"></span> global economic recovery from the </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs778\">initial phase of Covid-19, combined with supply constraints in certain sectors su<span class=\"_ _1\"></span>ch as energy. Current </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs779\">inflation levels continue to be higher than recent norms. This will have<span class=\"_ _1\"></span> an impact on pension increases that </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs77a\">are linked to inflation and this impact, where applicable, has been<span class=\"_ _1\"></span> reflected in the disclosures. It should be </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs77b\">noted that a material proportion of pension increases are capp<span class=\"_ _1\"></span>ed (at different levels, but the main cap is </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs77c\">5.0%<span class=\"_ gs15\"> </span>pa) with some caps applying annually and others applying o<span class=\"_ _1\"></span>ver a period of years.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs77d\">The impact of Covid-19 on the effects of future life expectancy continue<span class=\"_ _1\"></span>s to be uncertain. The pandemic is </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs77e\">likely to have an impact on the setting of appropriate life expectancy assu<span class=\"_ _1\"></span>mptions and models for future </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs77f\">improvements will need to consider whether the experiences since 202<span class=\"_ _1\"></span>0 are a short-term phenomenon, and </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs780\">if the pandemic will influence future mortality in other ways. For example, the pre<span class=\"_ _1\"></span>ssure on health services </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs781\">may mean that progress against other causes of death such as cancer is slo<span class=\"_ _1\"></span>wer than previously expected, </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs782\">meaning an assumption of a lower rate of mortality improvements might be a<span class=\"_ _1\"></span>ppropriate. Alternatively, the </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs783\">surviving population may be in better health than those dying from Co<span class=\"_ _1\"></span>vid-19, meaning that it might be </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs784\">expected that the remaining members live slightly longer. In June 2023<span class=\"_ _1\"></span>, the Continuous Mortality </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs785\">Investigation (CMI) published a new model (CMI<span class=\"_ gs15\"> </span>2022) that includes pop<span class=\"_ _1\"></span>ulation experience up to 2022. This </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs786\">latest version of the model could be heavily impacted by Covid-19 with the<span class=\"_ _1\"></span> core version of the model placing </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls57 ws46 gs787\">a 25% weighting on 2022 experienced data and a 0% weighting on both 2020 and 2021 experienced data. </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs788\">The core version of the model reflects the fact that 2022 excess death<span class=\"_ _1\"></span>s remain higher than pre-Covid levels.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs789\">The Group is aware of the 2023 high court case that considered<span class=\"_ _1\"></span> the validity of deeds where no Section<span class=\"_ gs15\"> </span>37 </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs78a\">certificate (confirming that the minimum level of benefits had not been brea<span class=\"_ _1\"></span>ched) was attached to the deed; </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls57 ws46 gs78b\">and further understands that the case is being appealed with judgement expected in 2024. The HPS<span class=\"_ _2a\"></span> </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs78c\">Trustee Board has received legal advice regarding this matter, which is to a<span class=\"_ _1\"></span>wait the outcome of the appeal </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs78d\">and any Government intervention prior to assessing what, if any, impact there<span class=\"_ _1\"></span> might be on the scheme. The </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls57 ws46 gs78e\">Group considers this approach reasonable and appropriate.<span class=\"_ _2b5\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccountingJudgementsAndEstimatesExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-519": {
   "value": "New standards and interpretations adopted<span class=\"_ _2b5\"> </span>The accounting policies adopted are consistent with those of the p<span class=\"_ _1\"></span>revious financial year. In addition, the Group has adopted the new, and amendments to, standards listed below. These amendments were ei<span class=\"_ _2a\"></span>ther not applicable or not material to the Group or Parent Company.<span class=\"_ _2b5\"> </span>International Accounting Standards (IAS/IFRS)<span class=\"_ _1e7\"> </span>Effective date<span class=\"_ _2b5\"> </span>IFRS<span class=\"_ gs15\"> </span>17 Insurance Contracts and amendments to IFRS<span class=\"_ gs15\"> </span>17 Insurance Con<span class=\"_ _1\"></span>tracts<span class=\"_ _11e\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2b5\"> </span></span>Disclosure of Accounting Policies (Amendments to IAS<span class=\"_ gs15\"> </span>1 and IFRS Practice Statement<span class=\"_ gs15\"> </span>2)<span class=\"_ _2b5\"> </span>1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2b5\"> </span>Definition of Accounting Estimates (Amendments to IAS<span class=\"_ gs15\"> </span>8)<span class=\"_ _1e8\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2b5\"> </span></span>Deferred Tax related to Assets and Liabilities arising from a Single Transa<span class=\"_ _1\"></span>ction (Amendments to IAS<span class=\"_ gs15\"> </span>12)<span class=\"_ _d6\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2b5\"> </span></span>International Tax Reform - Pillar Two Model Rules (Amendments to IAS<span class=\"_ gs15\"> </span>12)<span class=\"_ _2b5\"> </span>1 January 2023<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfInitialApplicationOfStandardsOrInterpretations",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-497": {
   "value": "New standards and interpretations adopted<span class=\"_ _2b5\"> </span>The accounting policies adopted are consistent with those of the p<span class=\"_ _1\"></span>revious financial year. In addition, the Group has adopted the new, and amendments to, standards listed below. These amendments were ei<span class=\"_ _2a\"></span>ther not applicable or not material to the Group or Parent Company.<span class=\"_ _2b5\"> </span>International Accounting Standards (IAS/IFRS)<span class=\"_ _1e7\"> </span>Effective date<span class=\"_ _2b5\"> </span>IFRS<span class=\"_ gs15\"> </span>17 Insurance Contracts and amendments to IFRS<span class=\"_ gs15\"> </span>17 Insurance Con<span class=\"_ _1\"></span>tracts<span class=\"_ _11e\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2b5\"> </span></span>Disclosure of Accounting Policies (Amendments to IAS<span class=\"_ gs15\"> </span>1 and IFRS Practice Statement<span class=\"_ gs15\"> </span>2)<span class=\"_ _2b5\"> </span>1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2b5\"> </span>Definition of Accounting Estimates (Amendments to IAS<span class=\"_ gs15\"> </span>8)<span class=\"_ _1e8\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2b5\"> </span></span>Deferred Tax related to Assets and Liabilities arising from a Single Transa<span class=\"_ _1\"></span>ction (Amendments to IAS<span class=\"_ gs15\"> </span>12)<span class=\"_ _d6\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2023<span class=\"_ _2b5\"> </span></span>International Tax Reform - Pillar Two Model Rules (Amendments to IAS<span class=\"_ gs15\"> </span>12)<span class=\"_ _2b5\"> </span>1 January 2023<span class=\"_ _2b5\"> </span>New standards and interpretations not yet adopted<span class=\"_ _2b5\"> </span>The International Accounting Standards Board (IASB) has issued the follo<span class=\"_ _1\"></span>wing standards, amendments and interpretations with an effective date after the date of these consolid<span class=\"_ _1\"></span>ated financial statements. These are effective for annual reporting periods beginning on or after the date indicated:<span class=\"_ _2b5\"> </span>International Accounting Standards (IAS/IFRS)<span class=\"_ _1e7\"> </span>Effective date<span class=\"_ _2b5\"> </span>Classification of liabilities as current or non-current and non-current liabilitie<span class=\"_ _1\"></span>s with Covenants - Amendments to IAS<span class=\"_ gs15\"> </span>1<span class=\"_ _1e9\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2024<span class=\"_ _2b5\"> </span></span>Lease Liability in a Sale and Leaseback - Amendments to IFRS<span class=\"_ gs15\"> </span>16<span class=\"_ _2b5\"> </span>1<span class=\"_ gs15\"> </span>January 2024<span class=\"_ _2b5\"> </span>Supplier Finance Arrangements - Amendments to IAS<span class=\"_ gs15\"> </span>7 and IFRS<span class=\"_ gs15\"> </span>7<span class=\"_ _2b5\"> </span>1<span class=\"_ gs15\"> </span>January 2024<span class=\"_ _2b5\"> </span>Lack of exchangeability - Amendments to IAS<span class=\"_ gs15\"> </span>211<span class=\"_ _2b5\"> </span>1<span class=\"_ gs15\"> </span>January 2025<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span><span class=\"ls9 ws1\">T</span>he effective date is based on the standard or amendment issued by the IASB and are still subject to adoption by the UK Endorsement Board.<span class=\"_ _2b5\"> </span>The Group is assessing the impact of these new standards and the Gro<span class=\"_ _1\"></span>up\u2019s financial reporting will be presented in accordance with these standards from the effective date<span class=\"_ _1\"></span>.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfChangesInAccountingPoliciesExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-520": {
   "value": "New standards and interpretations not yet adopted<span class=\"_ _2b5\"> </span>The International Accounting Standards Board (IASB) has issued the follo<span class=\"_ _1\"></span>wing standards, amendments and interpretations with an effective date after the date of these consolid<span class=\"_ _1\"></span>ated financial statements. These are effective for annual reporting periods beginning on or after the date indicated:<span class=\"_ _2b5\"> </span>International Accounting Standards (IAS/IFRS)<span class=\"_ _1e7\"> </span>Effective date<span class=\"_ _2b5\"> </span>Classification of liabilities as current or non-current and non-current liabilitie<span class=\"_ _1\"></span>s with Covenants - Amendments to IAS<span class=\"_ gs15\"> </span>1<span class=\"_ _1e9\"> </span><span class=\"ls57 ws46\">1<span class=\"_ gs15\"> </span>January 2024<span class=\"_ _2b5\"> </span></span>Lease Liability in a Sale and Leaseback - Amendments to IFRS<span class=\"_ gs15\"> </span>16<span class=\"_ _2b5\"> </span>1<span class=\"_ gs15\"> </span>January 2024<span class=\"_ _2b5\"> </span>Supplier Finance Arrangements - Amendments to IAS<span class=\"_ gs15\"> </span>7 and IFRS<span class=\"_ gs15\"> </span>7<span class=\"_ _2b5\"> </span>1<span class=\"_ gs15\"> </span>January 2024<span class=\"_ _2b5\"> </span>Lack of exchangeability - Amendments to IAS<span class=\"_ gs15\"> </span>211<span class=\"_ _2b5\"> </span>1<span class=\"_ gs15\"> </span>January 2025<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span><span class=\"ls9 ws1\">T</span>he effective date is based on the standard or amendment issued by the IASB and are still subject to adoption by the UK Endorsement Board.<span class=\"_ _2b5\"> </span>The Group is assessing the impact of these new standards and the Gro<span class=\"_ _1\"></span>up\u2019s financial reporting will be presented in accordance with these standards from the effective date<span class=\"_ _1\"></span>.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfExpectedImpactOfInitialApplicationOfNewStandardsOrInterpretations",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-498": {
   "value": "<div class=\"t m0 h37 ff52 fs3 fc6 sc0 ls9 ws1 gs109\">2.1 Contract accounting<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs10a\">At <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span>, the Group had the following results and balance sheet items relate<span class=\"_ _1\"></span>d to long-term </div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs10b\">contracts:<span class=\"_ _2b5\"> </span></div><div class=\"gs10c\"><table class=\"s w53 h65\" id=\"_9b6a8640-feb3-4064-b05b-659d77b0ba1c\"><tr><td></td><td></td><td class=\"t m0 x307 h3b y2c98 ff52 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x308 h3a y2c98 ff53 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x309 h3a y2c99 ff53 fs8 fc7 sc0 ls58 ws47\">Notes<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30a h3b y2c99 ff52 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2c99 ff53 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2c9a wb5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff53 fs5 fc7 sc0 ls57 ws46\">Long-term contractual revenue<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x47a y2c9a w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff53 fs5 fc7 sc0 ls57 ws46\">2.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x47b y2c9a w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff52 fs5 fc7 sc0 ls57 ws46\">2,104.0</div></td><td class=\"t m0 x47c h38 y2c9b ff53 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _2f\"> </span>2,236.2 </td></tr><tr><td class=\"c n x2be y2be4 w67 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff53 fs5 fc7 sc0 ls9 ws1\">Deferred income<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x47d y2be4 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff52 fs5 fc7 sc0 ls57 ws46\">537.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x47e y2be4 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff53 fs5 fc7 sc0 ls57 ws46\">640.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be5 wb6 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff53 fs5 fc7 sc0 ls9 ws1\">Contract fulfilment assets (non-current)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x47f y2be5 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff53 fs5 fc7 sc0 ls57 ws46\">3.1.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x480 y2be5 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff52 fs5 fc7 sc0 ls57 ws46\">257.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x414 y2be5 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff53 fs5 fc7 sc0 ls57 ws46\">263.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 wb7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff53 fs5 fc7 sc0 ls9 ws1\">Onerous contract provisions<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x481 y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff52 fs5 fc7 sc0 ls57 ws46\">43.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x482 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff53 fs5 fc7 sc0 ls57 ws46\">52.8<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h39 ff52 fs5 fc6 sc0 ls57 ws46 gs10d\">Background<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs10e\">The Group operates diverse businesses. The majority of the Group\u2019s reve<span class=\"_ _1\"></span>nue is from contracts greater than </div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs10f\">two years in duration (long-term contractual), representing <span class=\"_ _1\"></span><span class=\"ls57 ws46\">75% of Group revenue in 2023<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>74%<span class=\"ls9 ws1\">).<span class=\"_ _2b5\"> </span></span></span></div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs110\">These long-term contracts can be complex in nature given the brea<span class=\"_ _1\"></span>dth of solutions the Group offers and the </div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs111\">transformational activities involved. Typically, Capita takes a customer\u2019s process and<span class=\"_ _1\"></span> transforms it into a </div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs112\">more efficient and effective solution which is then<span class=\"_ _1\"></span> operated for the customer. The outcome is a high quality </div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs113\">solution that addresses a customer\u2019s needs and is delivered consisten<span class=\"_ _1\"></span>tly over the life of the contract.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs114\">The Group recognises revenue on long-term contracts as the value<span class=\"_ _1\"></span> is delivered to the customer, which is </div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs115\">generally evenly over the contract term, regardless of any restructuring an<span class=\"_ _1\"></span>d transformation activity required </div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs116\">to deliver the services to the customer. Capita will often incur greater costs during co<span class=\"_ _1\"></span>ntract transformation </div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs117\">phases with costs diminishing over time as the target operating model is imple<span class=\"_ _1\"></span>mented and efficiencies </div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs118\">realised. This results in lower profits or losses in the early years of contracts and p<span class=\"_ _1\"></span>otentially higher profits in </div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs119\">later years as the transformation activities are successfully completed and the ta<span class=\"_ _1\"></span>rget operating model fully </div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs11a\">implemented (the business as usual (BAU) phase). The inflection point is whe<span class=\"_ _1\"></span>n the contract becomes </div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls57 ws46 gs11b\">profitable.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs11c\">Non-current contract fulfilment assets are recognised for those costs qualifying fo<span class=\"_ _1\"></span>r capitalisation. The </div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs11d\">utilisation of these assets is recognised over the contract term. The timing of cash<span class=\"_ _1\"></span> receipts from customers </div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs11e\">typically matches when the costs are incurred to transform, restructure and run th<span class=\"_ _1\"></span>e service. This results in </div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs11f\">income being deferred and released when the Group delive<span class=\"_ _1\"></span>rs against its obligations to provide services and </div><div class=\"t m0 h38 ff53 fs5 fc7 sc0 ls9 ws1 gs120\">solutions to its customers.<span class=\"_ _2b5\"> </span></div>An example, showing the revenue, cost, profit and cash <span class=\"_ _1\"></span>flow of a typical long-term contract lifecycle is as follows:<span class=\"_ _2b5\"> </span>Significant accounting estimates and assumptions<span class=\"_ _2b5\"> </span>Due to the size and complexity of some of the Group\u2019s contracts, there are sign<span class=\"_ _1\"></span>ificant judgements to be applied, specifically in assessing: (i) the recoverability of non-current contract fu<span class=\"_ _1\"></span>lfilment assets; and (ii) the completeness of the customer and onerous contract provisions. These judgements<span class=\"_ _2a\"></span> are dependent on assessing the contract\u2019s future profitability and give rise to a key source of estima<span class=\"_ _1\"></span>tion uncertainty. It is possible that outcomes within the next financial year may be different from man<span class=\"_ _1\"></span>agement\u2019s assumptions and could require a material adjustment to the carrying amounts of contract a<span class=\"_ _1\"></span>ssets and onerous contract provisions.<span class=\"_ _2b5\"> </span>Significant accounting judgements<span class=\"_ _2b5\"> </span>Significant judgement is exercised by management as to when to recogn<span class=\"_ _1\"></span>ise revenue from variations or scope changes on long-term contracts. There is a risk that revenue may b<span class=\"_ _1\"></span>e recognised even though it is not probable that consideration will be collected, which could be due to<span class=\"_ _1\"></span> uncertainties over contractual terms and ongoing negotiations with clients. Judgement is also required when<span class=\"_ _1\"></span> customers request scope changes to determine if there is a contract modification or a contract termination followed b<span class=\"_ _1\"></span>y a new contract. Contract terminations can lead to the immediate recognition of any deferred<span class=\"_ _1\"></span> income being held for recognition in future periods. Refer to note 2.2 for the Group\u2019s accounting policies.<span class=\"_ _2b5\"> </span>Assessing contract profitability<span class=\"_ _2b5\"> </span>In assessing a contract\u2019s future lifetime profitability, management must estimate fore<span class=\"_ _1\"></span>cast revenue and costs to both transform and run the service over the remaining contract term. Th<span class=\"_ _1\"></span>e ability to accurately forecast the outcomes involves estimates in respect of: costs to be incurred; cost savings to be a<span class=\"_ _1\"></span>chieved; future performance against any contract-specific key performance indicators (KPIs) that co<span class=\"_ _1\"></span>uld trigger variable consideration or service credits; outcome of any commercial negotiations; an<span class=\"_ _1\"></span>d impact of inflation on the cost base and the indexation of revenue.<span class=\"_ _2b5\"> </span>The level of uncertainty in the estimated future profitability of a contract is d<span class=\"_ _1\"></span>irectly related to the stage in the life-cycle of the contract and the complexity of the performance obligation<span class=\"_ _1\"></span>s. Contracts in the transformation stage are considered to have a higher level of uncertainty beca<span class=\"_ _1\"></span>use of:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>the ability to accurately estimate the costs to deliver the tra<span class=\"_ _1\"></span>nsformed process;<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>the dependency on the customer to agre<span class=\"_ _1\"></span>e to the specifics of the transformation: for example, where they are involved in certifying that the new process or, the new technical solution<span class=\"_ _1\"></span>, designed by Capita meets their specific requirements; and<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>the assumptions made to forecast expected savin<span class=\"_ _1\"></span>gs in the target operating model.<span class=\"_ _2b5\"> </span>Those contracts which are in BAU tend to have a much lower level of uncerta<span class=\"_ _1\"></span>inty in estimating future profitability.<span class=\"_ _2b5\"> </span>Recoverability of non-current contract fulfilment assets and completeness of on<span class=\"_ _1\"></span>erous contract provisions<span class=\"_ _2b5\"> </span>Management first assesses whether contract assets are impaired and then<span class=\"_ _1\"></span> further considers whether an onerous contract exists. For half and full year reporting, the Audit and Risk Co<span class=\"_ _1\"></span>mmittee specifically reviews the material judgements and estimates, and the overall approach<span class=\"_ _1\"></span> to this assessment in respect of the Group\u2019s major contracts, including comparison against previous forecasts. Major co<span class=\"_ _1\"></span>ntracts include those that are material in size or risk to the Group\u2019s results. An assessment of which contracts are<span class=\"_ _1\"></span> major contracts is performed twice a year, and to enable comparability the prior period a<span class=\"_ _1\"></span>mounts below are re-presented to reflect the same scope as the current period. Other contracts are reported<span class=\"_ _1\"></span> to the Audit and Risk Committee as deemed appropriate. These contracts are collectively referred to a<span class=\"_ _1\"></span>s \u2018major contracts\u2019 in the remainder of this note.<span class=\"_ _2b5\"> </span>The major contracts contributed \u00a31.1 billion (<span class=\"_ _1\"></span><span class=\"ls57 ws46\">2022<span class=\"ls9 ws1\">: \u00a31.1 billion) or </span>42%<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>42%<span class=\"ls9 ws1\">) of Group adjusted </span></span>revenue. <span class=\"ls9 ws1\">Non-current contract fulfilment assets at </span>31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> were </span>\u00a3257.0m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a3263.0m<span class=\"ls9 ws1\">), of </span>which <span class=\"ls57 ws46\">\u00a3125.1m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a3109.7m</span>) relates to major contracts with ongoing transformational activities. Th<span class=\"_ _1\"></span>e remainder relates to contracts post transformation and includes non-ma<span class=\"_ _1\"></span>jor contracts.<span class=\"_ _2b5\"> </span>The major contracts, both pre- and post-transformation, are rated acco<span class=\"_ _1\"></span>rding to their financial risk profile, which is linked to the level of uncertainty over future assumptions. For those<span class=\"_ _1\"></span> that are in the high and medium rated risk categories the associated non-current contract fulfilment asse<span class=\"_ _1\"></span>ts were, in aggregate, \u00a352.8m<span class=\"ls9 ws1\"> at </span>31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a342.2m<span class=\"ls9 ws1\">). The recoverability of these assets is dependent on no </span>significant adverse change in the key contract assumptions arising durin<span class=\"_ _1\"></span>g the next financial year. The balance of deferred income associated with these contrac<span class=\"_ _1\"></span>ts was <span class=\"ls57 ws46\">\u00a3109.5m</span> at <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span> (<span class=\"ls57 ws46\">2022</span>: \u00a3116.2m<span class=\"ls9 ws1\">) and is forecast to be recognised as performance obligations continu<span class=\"_ _1\"></span>e to be delivered over the life </span>of the respective contracts. Onerous contract provisions associated with these co<span class=\"_ _1\"></span>ntracts were <span class=\"ls57 ws46\">\u00a337.3m</span> at 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a342.5m<span class=\"ls9 ws1\">).<span class=\"_ _2b5\"> </span></span>Following these reviews, and reviews of smaller contracts across the business,<span class=\"_ _1\"></span><span class=\"ls57 ws46\"> as outlined in note<span class=\"_ gs15\"> </span>3.1.3,<span class=\"ls9 ws1\"> </span></span>non-current contract fulfilment asset impairments of <span class=\"_ _1\"></span><span class=\"ls57 ws46\">\u00a33.4m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a33.8m) were identifi<span class=\"_ _2a\"></span>ed and recognised </span>within adjusted cost of sales, of which <span class=\"ls57 ws46\">\u00a3nil</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a30.5m</span>) relates to <span class=\"_ _1\"></span>non-current contract fulfilment assets added during the period, and net onerous contract provisions of \u00a37.1m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a31.7m<span class=\"ls9 ws1\">) were identified and </span>recognised in <span class=\"ls9 ws1\">adjusted cost of sales.<span class=\"_ _2b5\"> </span></span>Given the quantum of the relevant contract assets and liabilities, and the<span class=\"_ _1\"></span> nature of the estimates noted above, management has concluded<span class=\"ls9 ws1\"> it is reasonably possible, that outcomes within the next financial year </span>may be different from management\u2019s current assumptions and could req<span class=\"_ _1\"></span>uire a material adjustment to the carrying amounts of contract assets and onerous contract provisions. Howeve<span class=\"_ _1\"></span>r, as noted above, <span class=\"ls57 ws46\">\u00a3125.1m</span> of non-current contract fulfilment assets relates to major contracts with ongoing tra<span class=\"_ _1\"></span>nsformational activities; and, \u00a352.8m of non-<span class=\"ls9 ws1\">current contract fulfilment assets and </span>\u00a337.3m<span class=\"ls9 ws1\"> of onerous contract p<span class=\"_ _1\"></span>rovisions relate to </span>the highest and medium rated risk category. Due to the level of uncerta<span class=\"_ _1\"></span>inty, combination of variables and timing across numerous contracts, it is not practical to provide a quantitative ana<span class=\"_ _1\"></span>lysis of the aggregated judgements that are applied, and management do not believe that disclosing a potential range of out<span class=\"_ _2a\"></span>comes on a consolidated basis would provide meaningful information to a<span class=\"_ _1\"></span> user of the financial statements. Due to commercial sensitivities, the Group does not specifically disclose the amounts involved<span class=\"_ _1\"></span> in any individual contract.<span class=\"_ _2b5\"> </span>Certain major transformation contracts have key milestones during the next twe<span class=\"_ _1\"></span>lve months and an inability to meet these key milestones could lead to reduced profitability and a<span class=\"_ _1\"></span> risk of impairment of the associated contract assets. These include contracts with the BBC, Transport for London<span class=\"_ _1\"></span>, Department for Work and Pensions and the City of London Police.<span class=\"_ _2b5\"> </span>Additional information, which does not form part of these<span class=\"_ _1\"></span> consolidated financial statements, on the results and performance of the underlying divisions including the outloo<span class=\"_ _1\"></span>k on certain contracts is set out in the divisional performance review in the strategic report.<span class=\"_ _2b5\"> </span>2.2 Revenue including segmental revenue<span class=\"_ _2b5\"> </span>Accounting policies Revenue<span class=\"_ _2b5\"> </span>The Group operates a diverse range of businesses and accord<span class=\"_ _1\"></span>ingly applies a variety of methods for revenue recognition, based on the principles set out in IFRS<span class=\"_ gs15\"> </span>15 <span class=\"_ _1\"></span><span class=\"ff58\">Revenue from Contracts with Customers<span class=\"ff57\">.<span class=\"_ _2b5\"> </span></span></span>The revenue and profits recognised in any period are based on the delivery of performance obligat<span class=\"_ _2a\"></span>ions and an assessment of when control is transferred to the customer.<span class=\"_ _2b5\"> </span>Revenue is recognised either when the performance obligation in<span class=\"_ _1\"></span> the contract has been performed (\u2018point-<span class=\"_ _2b5\"> </span>in-time\u2019 recognition) or \u2018over-time\u2019 as control of the performance obligation<span class=\"_ _1\"></span> is transferred to the customer.<span class=\"_ _2b5\"> </span>For all contracts, the Group determines if the arrangement with a customer cre<span class=\"_ _1\"></span>ates enforceable rights and obligations. This assessment results in certain Master Service Agreements (MSA) or Framewo<span class=\"_ _1\"></span>rks not meeting the definition of a contract under IFRS<span class=\"_ gs15\"> </span>15 and as such the in<span class=\"_ _1\"></span>dividual call-off agreements, linked to the MSA, are treated as individual contracts.<span class=\"_ _2b5\"> </span>The Group enters into contracts which contain extension periods, where<span class=\"_ _1\"></span> either the customer or both parties can choose to extend the contract or there is an automatic annua<span class=\"_ _1\"></span>l renewal, and/or termination clauses that could impact the actual duration of the contract. Judgement is applied<span class=\"_ _1\"></span> to assess the impact that these clauses have when determining the appropriate contract term. The<span class=\"_ _1\"></span> term of the contract impacts both the period over which revenue from performance obligations may be recognised and the period ov<span class=\"_ _2a\"></span>er which non-<span class=\"_ _2b5\"> </span>current contract fulfilment assets and capitalised costs to obtain a contract are e<span class=\"_ _1\"></span>xpensed.<span class=\"_ _2b5\"> </span>For contracts with multiple components to be delivered such as transformatio<span class=\"_ _1\"></span>n, transitions and the delivery of outsourced services, management applies judgement to consider whether those pr<span class=\"_ _2a\"></span>omised goods and services are:<span class=\"_ _2b5\"> </span>(i)<span class=\"_ _42\"> </span>distinct \u2013 to be accounted for as separate performance obligations;<span class=\"_ _2b5\"> </span>(ii)<span class=\"_ _ec\"> </span>not distinct \u2013 to be combined with other promised goods or services until a bundle is identified that is distinct; or,<span class=\"_ _2b5\"> </span>(iii)<span class=\"_ _9\"> </span>part of a series of distinct goods and services that are substantially the same and have the same pattern of transfer to the customer.<span class=\"_ _2b5\"> </span>At a contract\u2019s inception the total transaction price is estimated, being the amo<span class=\"_ _1\"></span>unt to which the Group expects to be entitled and has rights to under the contract. This includ<span class=\"_ _1\"></span>es an assessment of any variable consideration where the Group\u2019s performance may result in additiona<span class=\"_ _1\"></span>l revenues based on the achievement of agreed Key Performance Indicators (KPIs). Such amounts are only included<span class=\"_ _1\"></span> based on the expected value, or the most likely outcome method, and only to the extent that it is high<span class=\"_ _1\"></span>ly probable that no revenue reversal will occur.<span class=\"_ _2b5\"> </span>The transaction price does not include estimates of consideration re<span class=\"_ _1\"></span>sulting from change orders for additional goods and services unless these are already agreed.<span class=\"_ _2b5\"> </span>After the total transaction price is determined, the Group allocates this to the id<span class=\"_ _1\"></span>entified performance obligations in proportion to their relative standalone selling prices a<span class=\"_ _1\"></span>nd recognises revenue when (or while) those performance obligations are satisfied.<span class=\"_ _2b5\"> </span>The Group infrequently sells standard products with observable stan<span class=\"_ _1\"></span>dalone prices due to the specialised services required by customers, consequently the Group applies judge<span class=\"_ _1\"></span>ment to determine an appropriate standalone selling price. More frequently, the Group sells customers besp<span class=\"_ _1\"></span>oke solutions, and in these cases the Group typically uses the expected cost-plus margin or a contractually state<span class=\"_ _1\"></span>d price approach to estimate the standalone selling price of each performance obligation.<span class=\"_ _2b5\"> </span>The Group may offer price step downs during the life of a contract, but with<span class=\"_ _1\"></span> no change to the underlying scope of services to be delivered. In general, any such variable consid<span class=\"_ _1\"></span>eration, price step down or discount is included in the total transaction price to be allocated across all perfo<span class=\"_ _1\"></span>rmance obligations unless it relates to only one performance obligation in a contract.<span class=\"_ _2b5\"> </span>For each performance obligation to be recognised over-time, the Group applies a revenue r<span class=\"_ _2a\"></span>ecognition method that faithfully depicts the Group\u2019s performance in transferring contro<span class=\"_ _1\"></span>l of the goods or services to the customer. This decision requires assessment of the real nature of the go<span class=\"_ _1\"></span>ods or services that the Group has promised to transfer to the customer. The Group applies the relevant o<span class=\"_ _1\"></span>utput or input method consistently to similar performance obligations in other contracts.<span class=\"_ _2b5\"> </span>When using the output method, the Group recognises revenue<span class=\"_ _1\"></span> on the basis of direct measurements of the value to the customer of the goods and services transferred to date re<span class=\"_ _1\"></span>lative to the remaining goods and services under the contract. This is a faithful depiction of the transfer of services sin<span class=\"_ _1\"></span>ce the service delivered to the customer is unchanged. Where the output method is used, in p<span class=\"_ _1\"></span>articular for long-term service contracts where the series guidance is applied, the Group often use<span class=\"_ _1\"></span>s a method of time elapsed which requires minimal estimation. Certain long-term contracts use output methods b<span class=\"_ _1\"></span>ased upon estimations of: user numbers; service activity levels; or fees collected.<span class=\"_ _2b5\"> </span>When transfer of control is most closely aligned to Group efforts in delivering the<span class=\"_ _1\"></span> service, the input method is used to measure progress and revenue is recognised in direct prop<span class=\"_ _1\"></span>ortion to costs incurred. This is a faithful depiction of the transfer of services because costs (or other inputs) mo<span class=\"_ _1\"></span>st accurately reflect the incremental benefits received by the customer from efforts to date.<span class=\"_ _2b5\"> </span>If performance obligations in a contract do not meet the over-time criteria, the<span class=\"_ _1\"></span> Group recognises revenue at a point-in-time when the service or good is delivered.<span class=\"_ _2b5\"> </span>Contract modifications<span class=\"_ _2b5\"> </span>The Group\u2019s contracts are often amended for changes in contract sp<span class=\"_ _1\"></span>ecifications and requirements. Contract modifications exist when the amendment either creates new, or change<span class=\"_ _1\"></span>s existing, enforceable rights and obligations. The effect of a contract modification on the transaction price<span class=\"_ _1\"></span> and the Group\u2019s measure of progress for the performance obligation to which it relates, is recognised<span class=\"_ _1\"></span> as an adjustment to revenue in one of the following ways:<span class=\"_ _2b5\"> </span>a)<span class=\"_ _42\"> </span><span class=\"ls9 ws1\">prospectively as an additional performance obligation (this is typically when new distinct goods or </span>services are provided on an existing contact);<span class=\"_ _2b5\"> </span>b)<span class=\"_ _42\"> </span><span class=\"ls9 ws1\">prospectively as a termination of the existing contract and creation of a new contract;<span class=\"_ _2b5\"> </span></span>c)<span class=\"_ _18d\"> </span>as part of the orig<span class=\"_ _1\"></span>inal contract using a cumulative catch up (this is typically where the modification changes the services provided to date); or,<span class=\"_ _2b5\"> </span>d)<span class=\"_ _42\"> </span><span class=\"ls9 ws1\">as a combination of (b) and (c).<span class=\"_ _2b5\"> </span></span>In respect of contracts for which the Group has decided there is a series of d<span class=\"_ _1\"></span>istinct goods and services that are substantially the same and have the same pattern of transfer where<span class=\"_ _1\"></span> revenue is recognised over-time, the modification will always be treated under either (a) or (b); (d) may arise whe<span class=\"_ _1\"></span>n a contract has a part-<span class=\"_ _2b5\"> </span>termination and a modification of the remaining performance oblig<span class=\"_ _1\"></span>ations.<span class=\"_ _2b5\"> </span>Judgement is applied in relation to the accounting for such modificatio<span class=\"_ _1\"></span>ns where the final terms or legal contracts have not been agreed prior to the period end because management needs to determine if a modification has been approved and if it either creates new, or cha<span class=\"_ _1\"></span>nges existing, enforceable rights and obligations of the parties. Depending upon the outcome of such negotiations, the timi<span class=\"_ _2a\"></span>ng and amount of revenue recognised may be different in the relevant accounting p<span class=\"_ _1\"></span>eriods. Modification and amendments to contracts are undertaken through an agreed formal process. For example, if a change i<span class=\"_ _2a\"></span>n scope has been approved but the corresponding change in price is still being negotiated, management uses <span class=\"_ _2a\"></span>judgement to estimate the change in total transaction price. Importantly, any variable con<span class=\"_ _1\"></span>sideration is only recognised to the extent that it is highly probable that no revenue reversal will occur. F<span class=\"_ _1\"></span>or example, if pricing is subject to indexation based on an external metric (such as the Consumer Price Inde<span class=\"_ _1\"></span>x (CPI) or the Retail Price Index (RPI)) then the revenue related to the indexation will only be recogn<span class=\"_ _1\"></span>ised once the relevant indexation is confirmed. Future indexation will not be recognised because it is not h<span class=\"_ _1\"></span>ighly probable that a significant reversal of an indexation adjustment will not occur.<span class=\"_ _2b5\"> </span>Principal versus agent<span class=\"_ _2b5\"> </span>The Group has arrangements with some of its customers whereby it needs to<span class=\"_ _1\"></span> determine if it acts as a principal or an agent because more than one party is involved in<span class=\"_ _1\"></span> providing the goods and services to the customer. The Group is a principal if it controls a promised good or service be<span class=\"_ _1\"></span>fore transferring that good or service to the customer. The Group is an agent if its role is to arrange for an<span class=\"_ _1\"></span>other entity to provide the goods or services. Factors considered in making this assessment are most notab<span class=\"_ _1\"></span>ly: the discretion the Group has in establishing the price for the specified good or service; whe<span class=\"_ _1\"></span>ther the Group has inventory risk; and whether or not the Group is primarily responsible for fulfilling the pro<span class=\"_ _1\"></span>mise to deliver the service or good.<span class=\"_ _2b5\"> </span>This assessment of control requires judgement particularly in relation to ce<span class=\"_ _1\"></span>rtain service contracts. An example is the provision of certain recruitment and learning services where<span class=\"_ _1\"></span> the Group may be assessed to be agent or principal dependent upon the facts and circumstances of the arrangement and the nature of<span class=\"_ _2a\"></span> the services being delivered.<span class=\"_ _2b5\"> </span>Where the Group is acting as a principal, revenue is recorded on a gro<span class=\"_ _1\"></span>ss basis. Where the Group is acting as an agent, revenue is recorded on a net basis, recognising o<span class=\"_ _1\"></span>nly the commission or fee earned as revenue.<span class=\"_ _2b5\"> </span>Licences<span class=\"_ _2b5\"> </span>Software licences delivered by the Group can either be right to access (active<span class=\"_ _1\"></span>) or right to use (passive) licences, which determines the timing of revenue recognition. The asse<span class=\"_ _1\"></span>ssment of whether a licence is active or passive involves judgement.<span class=\"_ _2b5\"> </span>The key determinant of an active licence is whether or not the Group is re<span class=\"_ _1\"></span>quired to undertake continuing activities that significantly affect the licensed intellectual property (or the custome<span class=\"_ _1\"></span>r has a reasonable expectation that it will do so) and the customer is, therefore, exposed to po<span class=\"_ _1\"></span>sitive (or negative) impacts resulting from those changes. Where the Group is responsible for any ma<span class=\"_ _1\"></span>intenance, continuing support, updates and upgrades, then the sale of the initial software is not d<span class=\"_ _1\"></span>istinct. All other licences which have significant standalone functionality are treated as passive licences.<span class=\"_ _2b5\"> </span>When software upgrades are sold as part of the software licence agre<span class=\"_ _1\"></span>ement (ie software upgrades are promised to the customer), the Group applies judgement to assess wheth<span class=\"_ _1\"></span>er the software upgrades are distinct from the licence (ie a separate performance obligation). If the upg<span class=\"_ _1\"></span>rades are considered fundamental to the ongoing use of the software by the customer, the upgrade<span class=\"_ _1\"></span>s are not considered distinct and not accounted for as a separate performance obligation.<span class=\"_ _2b5\"> </span>For each contract that includes a separate licence performance ob<span class=\"_ _1\"></span>ligation, the Group considers all the facts and circumstances in determining whether the licence revenue is recog<span class=\"_ _1\"></span>nised over-time (active) or at a point-<span class=\"_ _2b5\"> </span>in-time (passive) from the go-live date of the licence.<span class=\"_ _2b5\"> </span>Deferred and accrued income<span class=\"_ _2b5\"> </span>The Group\u2019s customer contracts include a diverse range of payment schedules dependent<span class=\"_ _2a\"></span> upon the nature and type of goods and/or services being provided. This can include performance-based pay<span class=\"_ _2a\"></span>ments or progress payments as well as regular monthly or quarterly payments for ong<span class=\"_ _1\"></span>oing service delivery. Payments for transactional goods and services may be at delivery date, in arrears o<span class=\"_ _1\"></span>r part payment in advance. The long-term service contracts tend to have higher cash flows early in the contra<span class=\"_ _1\"></span>ct to cover transformational activities.<span class=\"_ _2b5\"> </span>Where payments received are greater than the revenue recognised up to the balance sheet date, the G<span class=\"_ _2a\"></span>roup recognises a deferred income contract liability for this difference. Where pa<span class=\"_ _1\"></span>yments received are less than the revenue recognised up to the balance sheet date, the Group recognises an accrued contract i<span class=\"_ _2a\"></span>ncome asset for this difference.<span class=\"_ _2b5\"> </span>At each balance sheet date, the Group assesses whether there is any in<span class=\"_ _1\"></span>dication that accrued contract income assets may be impaired by considering whether or not any revenu<span class=\"_ _1\"></span>e reversal could occur. Where an indicator of impairment exists, the Group makes a formal estimate of the asset\u2019s recove<span class=\"_ _1\"></span>rable amount. Where the carrying amount of an asset exceeds its recoverable amoun<span class=\"_ _1\"></span>t, the asset is considered impaired and is written down to its recoverable amount.<span class=\"_ _2b5\"> </span>Contract types<span class=\"_ _2b5\"> </span>The Group disaggregates revenue from contracts with customers by contra<span class=\"_ _1\"></span>ct type, because management believe this best depicts how the nature, amount, timing, and uncerta<span class=\"_ _1\"></span>inty of the Group\u2019s revenue and cash flows are affected by economic factors. Categories are: long-term contractual \u2013 g<span class=\"_ _1\"></span>reater than two years; short-term contractual \u2013 less than two years; and transactional. The years b<span class=\"_ _1\"></span>eing measured from the service commencement date.<span class=\"_ _2b5\"> </span>Long-term contractual \u2013 greater than two years<span class=\"_ _2b5\"> </span>The Group provides a range of services under contracts with a duration<span class=\"_ _1\"></span> of more than two years. The nature of contracts or performance obligations within this revenue type includes:<span class=\"_ _2b5\"> </span>(i)<span class=\"_ _42\"> </span>long-term outsourced service arrangements in the public and private sectors; and<span class=\"_ _2b5\"> </span>(ii)<span class=\"_ _ec\"> </span>active software licence arrangements.<span class=\"_ _2b5\"> </span>The majority of long-term contractual agreements form part of a series of distin<span class=\"_ _1\"></span>ct goods and services because they are substantially the same service; and have the same p<span class=\"_ _1\"></span>attern of transfer, since the series constitutes services provided in distinct time increments (eg daily, monthly, quarterly o<span class=\"_ _1\"></span>r annually), and therefore treats the series as one performance obligation.<span class=\"_ _2b5\"> </span>Short-term contractual \u2013 less than two years<span class=\"_ _2b5\"> </span>The nature of contracts or performance obligations within this revenu<span class=\"_ _1\"></span>e type includes:<span class=\"_ _2b5\"> </span>(i)<span class=\"_ _42\"> </span>short-term outsourced service arrangements in the public and private sectors; and<span class=\"_ _2b5\"> </span>(ii)<span class=\"_ _ec\"> </span>software maintenance contracts.<span class=\"_ _2b5\"> </span>The Group has assessed that maintenance and support (ie on<span class=\"_ _1\"></span>-call support, remote support) for software licences is a performance obligation that can be considered capa<span class=\"_ _1\"></span>ble of being distinct and separately identifiable in a contract if the customer has a passive licence. These recu<span class=\"_ _1\"></span>rring services are substantially the same because the nature of the promise is for the Group to \u2018stand re<span class=\"_ _1\"></span>ady\u2019 to perform maintenance and support when required by the customer. Each day of \u2018standing ready\u2019 is d<span class=\"_ _1\"></span>istinct from each subsequent day and is transferred in the same pattern to the customer.<span class=\"_ _2b5\"> </span>Transactional (point-in-time) contracts<span class=\"_ _2b5\"> </span>The Group delivers a range of goods or services in all reportable se<span class=\"_ _1\"></span>gments that are transactional services for which revenue is recognised at the point-in-time when control of the g<span class=\"_ _1\"></span>oods or services has transferred to the customer. This may be at the point of physical delivery of goods or service<span class=\"_ _1\"></span>s and acceptance by the customer or when the customer obtains control of an asset or service in a contra<span class=\"_ _1\"></span>ct with customer-specified acceptance criteria.<span class=\"_ _2b5\"> </span>The nature of contracts or performance obligations within this revenu<span class=\"_ _1\"></span>e type includes:<span class=\"_ _2b5\"> </span>(i)<span class=\"_ _42\"> </span><span class=\"ls57 ws46\">provision of computing hardware goods;<span class=\"_ _2b5\"> </span></span>(ii)<span class=\"_ _ec\"> </span>passive software licence agreements; (iii)<span class=\"_ _9\"> </span>commission received as agent from the sale of third-party software; and<span class=\"_ _2b5\"> </span>(iv)<span class=\"_ _a\"> </span>fees received in relation to the delivery of professional services.<span class=\"_ _2b5\"> </span>2.2.1 Segmental revenue<span class=\"_ _2b5\"> </span>The Group\u2019s operations are managed separately according to<span class=\"_ _1\"></span> the nature of the services provided, with each segment representing a strategic business division offering a different p<span class=\"_ _1\"></span>ackage of client services across the markets the Group serves. Capita plc is a reconciling item and not an opera<span class=\"_ _1\"></span>ting segment. A description of the service provision for each segment can be found in the strategic re<span class=\"_ _1\"></span>port <span class=\"ls57 ws46\">on pages 14 to 21.</span> Inter-<span class=\"_ _2b5\"> </span>segment<span class=\"ls9 ws1\">al pricing is based on set criteria and is either charged on an arm's length<span class=\"_ _1\"></span> basis or at cost.<span class=\"_ _2b5\"> </span></span>The tables below present revenue for the Group\u2019s business segme<span class=\"_ _1\"></span>nts as reported to the Chief Opera<span class=\"ls57 ws46\">ting </span>Decision Maker. The Group now comprises two divisions - Capita Public Service and Ca<span class=\"_ _1\"></span>pita Experience - following the completion of the Group\u2019s exit of the non-core businesses in<span class=\"_ _1\"></span> the Capita Portfolio division. Comparative information has been re-presented to reflect businesse<span class=\"_ _1\"></span>s exited during <span class=\"ls57 ws46\">2023</span>, and accordingly the Capita Portfolio division is no longer disclose<span class=\"_ _1\"></span>d as a division. Comparative information has also been re-<span class=\"_ _2b5\"> </span>presented to reflect the move of businesses between segments during<span class=\"_ _1\"></span> 2023 to enable comparability.<span class=\"_ _2b5\"> </span>Adjusted revenue, excluding results from businesses exited in both years (a<span class=\"_ _1\"></span>djusting items), was <span class=\"ls57 ws46\">\u00a32,642.1m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a32,609.0m</span>), an increase of <span class=\"ls57 ws46\">1.3%</span> (<span class=\"ls57 ws46\">2022</span>: increase <span class=\"ls57 ws46\">1.7%</span>).<span class=\"_ _2b5\"> </span><table class=\"s wb8 h66\" id=\"_f12e3f9a-1569-4bd9-8581-3a401b13d4e8\"><tr><td></td><td></td><td class=\"t m0 x483 h3b y2c9c ff5b fs8 fc7 sc0 ls58 ws47\">Capita </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x484 h3b y2c9d ff5b fs8 fc7 sc0 ls58 ws47\">Public </td><td class=\"t m0 x485 h3b y2c9d ff5b fs8 fc7 sc0 ls58 ws47\">Capita </td><td class=\"t m0 x486 h3b y2c9d ff5b fs8 fc7 sc0 ls58 ws47\">Total </td><td class=\"t m0 x487 h3b y2c9d ff5b fs8 fc7 sc0 ls58 ws47\">Adjusting </td><td class=\"t m0 x488 h3b y2c9d ff5b fs8 fc7 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x349 h3a y2c9e ff5c fs8 fc7 sc0 ls58 ws47\">Year ended </td><td></td><td class=\"t m0 x489 h3b y2c9e ff5b fs8 fc7 sc0 ls58 ws47\">Service </td><td class=\"t m0 x48a h3b y2c9e ff5b fs8 fc7 sc0 ls58 ws47\">Experience </td><td class=\"t m0 x48b h3b y2c9e ff5b fs8 fc7 sc0 ls58 ws47\">adjusted </td><td class=\"t m0 x48c h3b y2c9e ff5b fs8 fc7 sc0 ls58 ws47\">items </td><td class=\"t m0 x48d h3b y2c9e ff5b fs8 fc7 sc0 ls58 ws47\">reported </td></tr><tr><td class=\"c n x2be y2ca0 wb9 h67\"><div class=\"t m0 x2bd h3a y2c9f ff5c fs8 fc7 sc0 ls58 ws47\">31<span class=\"_ gs234\"> </span>December 2023<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x48e y2ca0 wba h67\"><div class=\"t m0 x2bd h3a y2c9f ff5c fs8 fc7 sc0 ls58 ws47\">Notes<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 x48f h3b y2ca1 ff5b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x490 h3b y2ca1 ff5b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x491 h3b y2ca1 ff5b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x492 h3b y2ca1 ff5b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3b y2ca1 ff5b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h39 y2ca2 ff5b fs5 fc7 sc0 ls57 ws46\">Continuing operations<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2ca3 wbb h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">Long-term contractual<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x493 y2ca3 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">1,206.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x494 y2ca3 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">875.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x495 y2ca3 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">2,082.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x496 y2ca3 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">21.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x497 y2ca3 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">2,104.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ca4 wbc h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls9 ws1\">Short-term contractual<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x498 y2ca4 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">195.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x499 y2ca4 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">288.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x49a y2ca4 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">484.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x49b y2ca4 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">19.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x49c y2ca4 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">503.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ca5 wbd h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls9 ws1\">Transactional (point-in-time)<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x49d y2ca5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">56.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x49e y2ca5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">19.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x49f y2ca5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">75.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a0 y2ca5 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">131.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a1 y2ca5 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">207.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ca6 wbe h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">Total segment revenue<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4a2 y2ca6 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">1,458.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a3 y2ca6 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">1,183.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a4 y2ca6 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">2,642.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a5 y2ca6 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">172.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a6 y2ca6 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">2,814.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ca7 wbf h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">Trading revenue<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4a7 y2ca7 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">1,507.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a8 y2ca7 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">1,221.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a9 y2ca7 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">2,729.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4aa y2ca7 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">194.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ab y2ca7 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">2,924.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ca8 wc0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">Inter-segment revenue<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4ac y2ca8 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">(49.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ad y2ca8 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">(38.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ae y2ca8 w89 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">(<span class=\"_ _2a\"></span>87.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4af y2ca8 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">(21.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b0 y2ca8 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">(109.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ca9 wc1 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">Total adjusted segment revenue<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4b1 y2ca9 wc2 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">1,<span class=\"_ _2a\"></span>458.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b2 y2ca9 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">1,183.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b3 y2ca9 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">2,642.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b4 y2ca9 w32 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b5 y2ca9 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">2,642.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2caa wc3 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls9 ws1\">Business exits \u2013 trading<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b6 y2caa w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">2.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b7 y2caa w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b8 y2caa w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b9 y2caa w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ba y2caa w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">172.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x32e y2caa w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">172.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cab wbe h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">Total segment revenue<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4a2 y2cab w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">1,458.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a3 y2cab w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">1,183.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a4 y2cab w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">2,642.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a5 y2cab w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">172.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a6 y2cab w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">2,814.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h3a y2cac ff5c fs8 fc7 sc0 ls58 ws47\">Year ended </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x349 h3a y2cad ff5c fs8 fc7 sc0 ls58 ws47\">31<span class=\"_ gs234\"> </span>December 2022<span class=\"ls9 ws1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x349 h38 y2cae ff5c fs5 fc7 sc0 ls57 ws46\">Continuing operations<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2caf wbb h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">Long-term contractual<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4bb y2caf w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">1,166.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4bc y2caf w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">987.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4bd y2caf w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">2,154.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4be y2caf w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">81.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4bf y2caf w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">2,236.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cb0 wbc h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls9 ws1\">Short-term contractual<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x498 y2cb0 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">236.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x499 y2cb0 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">150.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x49a y2cb0 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">387.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c0 y2cb0 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">107.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c1 y2cb0 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">494.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cb1 wbd h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls9 ws1\">Transactional (point-in-time)<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x49d y2cb1 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">51.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x49e y2cb1 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">16.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x49f y2cb1 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">67.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a0 y2cb1 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">216.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a1 y2cb1 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">283.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cb2 wc4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">Total segment revenue<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4bb y2cb2 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">1,454.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c2 y2cb2 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">1,154.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c3 y2cb2 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">2,609.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ba y2cb2 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">405.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c4 y2cb2 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">3,014.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cb3 wbf h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">Trading revenue<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4a7 y2cb3 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">1,497.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a8 y2cb3 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">1,194.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a9 y2cb3 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">2,691.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4aa y2cb3 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">490.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ab y2cb3 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">3,181.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cb4 wc0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">Inter-segment revenue<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4ac y2cb4 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">(42.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ad y2cb4 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">(40.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ae y2cb4 w89 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">(<span class=\"_ _2a\"></span>82.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4af y2cb4 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">(84.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b0 y2cb4 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">(166.8)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be4 wc5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">Total adjusted segment revenue<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4a7 y2be4 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">1,454.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a8 y2be4 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">1,154.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a9 y2be4 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">2,609.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c5 y2be4 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c6 y2be4 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">2,609.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be5 wc3 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls9 ws1\">Business exits \u2013 trading<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b6 y2be5 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">2.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b7 y2be5 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b8 y2be5 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b9 y2be5 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ba y2be5 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">405.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x32e y2be5 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">405.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 wc4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">Total segment revenue<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4bb y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">1,454.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c2 y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">1,154.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c3 y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">2,609.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ba y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">405.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c4 y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">3,014.6<span class=\"_ _2b5\"> </span></div></td></tr></table>Geographical location<span class=\"_ _2b5\"> </span>The Group generates revenue largely in the UK and Europe. The table below presents revenue by geographical location.<span class=\"_ _2b5\"> </span><table class=\"s wc6 h68\" id=\"_3d09b6ef-713d-47d3-bfd9-7f058aa3c692\"><tr><td></td><td></td><td></td><td></td><td class=\"c n x4c7 y2cb5 wc7 h69\"><div class=\"t m0 x2bd h3a y2c9f ff5b fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4c8 y2cb5 wc7 h67\"><div class=\"t m0 x2bd h3a y2c9f ff5c fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x4c9 h3b y2cb6 ff5b fs8 fc7 sc0 ls58 ws47\">United </td><td></td><td></td><td></td><td class=\"t m0 x4ca h3a y2cb7 ff5c fs8 fc7 sc0 ls58 ws47\">United </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x4cb h3b y2cb8 ff5b fs8 fc7 sc0 ls58 ws47\">Kingdom </td><td class=\"t m0 x4cc h3b y2cb8 ff5b fs8 fc7 sc0 ls58 ws47\">Europe </td><td class=\"t m0 x4cd h3b y2cb8 ff5b fs8 fc7 sc0 ls58 ws47\">Other </td><td class=\"t m0 x4ce h3b y2cb8 ff5b fs8 fc7 sc0 ls58 ws47\">Total </td><td class=\"t m0 x4cf h3a y2cb9 ff5c fs8 fc7 sc0 ls58 ws47\">Kingdom </td><td class=\"t m0 x4d0 h3a y2cb9 ff5c fs8 fc7 sc0 ls58 ws47\">Europe </td><td class=\"t m0 x4d1 h3a y2cb9 ff5c fs8 fc7 sc0 ls58 ws47\">Other </td><td class=\"t m0 x345 h3a y2cb9 ff5c fs8 fc7 sc0 ls58 ws47\">Total </td></tr><tr><td></td><td class=\"t m0 x4d2 h3b y2cba ff5b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d3 h3b y2cba ff5b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d4 h3b y2cba ff5b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d5 h3b y2cba ff5b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d6 h3a y2cba ff5c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d7 h3a y2cba ff5c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d8 h3a y2cba ff5c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2cba ff5c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2be6 wc8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">Revenue<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4d9 y2be6 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">2,526.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4da y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">282.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4db y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">6.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4dc y2be6 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">2,814.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4dd y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">2,731.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4de y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">270.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4df y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">12.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4e0 y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">3,014.6<span class=\"_ _2b5\"> </span></div></td></tr></table>2.2.2 Order book<span class=\"_ _2b5\"> </span>The tables below show the order book for each division, categorised<span class=\"_ _1\"></span> into long-term contractual (contracts with length greater than two years) and short-term contractual (contracts with le<span class=\"_ _1\"></span>ngth less than two years). The length of the contract is calculated from the service commencement da<span class=\"_ _1\"></span>te. The figures represent the aggregate amount of currently contracted transaction price allocate<span class=\"_ _1\"></span>d to the performance obligations that are unsatisfied or partially unsatisfied. Revenue expected to be recognise<span class=\"_ _1\"></span>d upon satisfaction of these performance obligations is as follows:<span class=\"_ _2b5\"> </span><table class=\"s wc9 h6a\" id=\"_028a012e-7a88-435a-97f2-94c0c52c754c\"><tr><td></td><td class=\"t m0 x4e1 h3b y2cbb ff5d fs8 fc7 sc0 ls58 ws47\">Capita </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x4e1 h3b y2cbc ff5d fs8 fc7 sc0 ls58 ws47\">Public </td><td class=\"t m0 x4e2 h3b y2cbc ff5d fs8 fc7 sc0 ls58 ws47\">Capita </td><td class=\"t m0 x4e3 h3b y2cbc ff5d fs8 fc7 sc0 ls58 ws47\">Capita </td><td></td></tr><tr><td class=\"t m0 x2d8 h3b y2cbd ff5d fs8 fc7 sc0 ls58 ws47\">Order book </td><td class=\"t m0 x4e4 h3b y2cbd ff5d fs8 fc7 sc0 ls58 ws47\">Service </td><td class=\"t m0 x4e5 h3b y2cbd ff5d fs8 fc7 sc0 ls58 ws47\">Experience </td><td class=\"t m0 x4e6 h3b y2cbd ff5d fs8 fc7 sc0 ls58 ws47\">Portfolio </td><td class=\"t m0 x4e7 h3b y2cbd ff5d fs8 fc7 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x2d8 h3b y2cbe ff5d fs8 fc7 sc0 ls58 ws47\">31<span class=\"_ gs234\"> </span>December 2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4e8 h3b y2cbe ff5d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x309 h3b y2cbe ff5d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4e9 h3b y2cbe ff5d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4ea h3b y2cbe ff5d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2cbf wbb h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls57 ws46\">Long-term contractual<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4eb y2cbf w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">3,381.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ec y2cbf w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">2,111.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ed y2cbf w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ee y2cbf w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">5,492.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cc0 wbc h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls9 ws1\">Short-term contractual<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ef y2cc0 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">164.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4f0 y2cc0 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">188.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4f1 y2cc0 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">37.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4f2 y2cc0 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">390.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 wa6 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5d fs5 fc7 sc0 ls57 ws46\">Total<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4f3 y2be6 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5d fs5 fc7 sc0 ls57 ws46\">3,546.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4f4 y2be6 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5d fs5 fc7 sc0 ls57 ws46\">2,299.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4f5 y2be6 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5d fs5 fc7 sc0 ls57 ws46\">37.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4f6 y2be6 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5d fs5 fc7 sc0 ls57 ws46\">5,882.6<span class=\"_ _2b5\"> </span></div></td></tr></table><table class=\"s wca h6b\" id=\"_c5dbd6c9-001f-44af-89ea-34c6bd84bbab\"><tr><td></td><td class=\"t m0 x4f7 h3a y2cc1 ff5e fs8 fc7 sc0 ls58 ws47\">Capita </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x4f7 h3a y2cc2 ff5e fs8 fc7 sc0 ls9 ws1\">Public </td><td class=\"t m0 x4f8 h3a y2cc2 ff5e fs8 fc7 sc0 ls58 ws47\">Capita </td><td class=\"t m0 x4f9 h3a y2cc2 ff5e fs8 fc7 sc0 ls58 ws47\">Capita </td><td></td></tr><tr><td class=\"t m0 x2d8 h3a y2cc3 ff5e fs8 fc7 sc0 ls58 ws47\">Order book </td><td class=\"t m0 x4fa h3a y2cc3 ff5e fs8 fc7 sc0 ls9 ws1\">Service </td><td class=\"t m0 x4fb h3a y2cc3 ff5e fs8 fc7 sc0 ls58 ws47\">Experience </td><td class=\"t m0 x4fc h3a y2cc3 ff5e fs8 fc7 sc0 ls58 ws47\">Portfolio </td><td class=\"t m0 x4fd h3a y2cc3 ff5e fs8 fc7 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x2d8 h3a y2cc4 ff5e fs8 fc7 sc0 ls58 ws47\">31<span class=\"_ gs234\"> </span>December 2022<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4e8 h3a y2cc4 ff5e fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4fe h3a y2cc4 ff5e fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4e9 h3a y2cc4 ff5e fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y2cc4 ff5e fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2be4 wbb h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls57 ws46\">Long-term contractual<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4eb y2be4 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls57 ws46\">2,916.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ec y2be4 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls57 ws46\">2,465.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ff y2be4 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls57 ws46\">201.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x500 y2be4 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls57 ws46\">5,583.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2cc5 ff5e fs5 fc7 sc0 ls9 ws1\">Short-term contractual<span class=\"_ _2b5\"> </span></td><td class=\"c n x501 y2cc6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls57 ws46\">68.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x502 y2cc6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls57 ws46\">61.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x503 y2cc6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls57 ws46\">91.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x504 y2cc6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls57 ws46\">221.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 wa6 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">Total<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4f3 y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls57 ws46\">2,985.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4f4 y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls57 ws46\">2,526.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x505 y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls57 ws46\">293.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x506 y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls57 ws46\">5,805.2<span class=\"_ _2b5\"> </span></div></td></tr></table>The table below shows the expected timing of revenue to be reco<span class=\"_ _1\"></span>gnised from long-term contractual orders at 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\">: </span><table class=\"s wc9 h6c\" id=\"_e3a22239-6fe5-4fd8-90ee-9bb2330aac21\"><tr><td></td><td class=\"t m0 x4e2 h3b y2cc7 ff5d fs8 fc7 sc0 ls58 ws47\">Capita </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x4e2 h3b y2cc8 ff5d fs8 fc7 sc0 ls58 ws47\">Public </td><td class=\"t m0 x4e3 h3b y2cc8 ff5d fs8 fc7 sc0 ls58 ws47\">Capita </td><td></td></tr><tr><td class=\"t m0 x2d8 h3b y2cc9 ff5d fs8 fc7 sc0 ls58 ws47\">Time bands of expected revenue recognition from long-term contractual </td><td class=\"t m0 x507 h3b y2cc9 ff5d fs8 fc7 sc0 ls58 ws47\">Service </td><td class=\"t m0 x508 h3b y2cc9 ff5d fs8 fc7 sc0 ls58 ws47\">Experience </td><td class=\"t m0 x4e7 h3b y2cc9 ff5d fs8 fc7 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x2d8 h3b y2cca ff5d fs8 fc7 sc0 ls58 ws47\">orders<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x309 h3b y2cca ff5d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4e9 h3b y2cca ff5d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4ea h3b y2cca ff5d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2ccb wcb h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls9 ws1\">&lt; 1 year<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x509 y2ccb w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">765.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x50a y2ccb w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">574.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x50b y2ccb w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">1,339.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ccc wcc h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls57 ws46\">1\u20135 years<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x50c y2ccc w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">2,155.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x50d y2ccc w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">1,378.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x50e y2ccc w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">3,534.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c50 wcd h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls9 ws1\">&gt; 5 years<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x509 y2c50 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">460.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x50a y2c50 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">158.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x50f y2c50 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">618.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 wa6 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5d fs5 fc7 sc0 ls57 ws46\">Total<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x510 y2be6 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5d fs5 fc7 sc0 ls57 ws46\">3,381.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x511 y2be6 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5d fs5 fc7 sc0 ls57 ws46\">2,111.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x512 y2be6 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5d fs5 fc7 sc0 ls57 ws46\">5,492.3<span class=\"_ _2b5\"> </span></div></td></tr></table>Prior year comparative information is not presented for the expected timing<span class=\"_ _1\"></span> of revenue recognition because it is a forward looking disclosure and therefore management does n<span class=\"_ _1\"></span>ot believe that such disclosure provides meaningful information to a user of the consolidated financial stateme<span class=\"_ _1\"></span>nts.<span class=\"_ _2b5\"> </span>The order book represents the consideration that the Group will b<span class=\"_ _1\"></span>e entitled to receive from customers when the Group satisfies its remaining performance obligations under the co<span class=\"_ _1\"></span>ntracts. However, the total revenue that will be earned by the Group will also include non-contracted volume<span class=\"_ _1\"></span>tric revenue, future indexation linked to an external metric, new wins, scope changes, and anticipated<span class=\"_ _1\"></span> contract extensions. These elements have been excluded from the above tables because they are not contracted. Addit<span class=\"_ _2a\"></span>ionally, revenue from contract extensions is excluded from the order book unless they are p<span class=\"_ _1\"></span>re-priced extensions whereby the Group has a legally binding obligation to deliver the performance obligations dur<span class=\"_ _2a\"></span>ing the extension period. The total revenue related to pre-priced extensions included in the tables above am<span class=\"_ _2a\"></span>ounted to \u00a3513.8m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a3577.0m<span class=\"ls9 ws1\">). The amounts presented do not include orders for which neither p<span class=\"_ _1\"></span>arty has </span>performed, and each party has the unilateral right to terminate a who<span class=\"_ _1\"></span>lly unperformed contract without compensating the other party.<span class=\"_ _2b5\"> </span>Of the \u00a35.5 billion (<span class=\"ls57 ws46\">2022</span>: \u00a35.6 billion) revenue to<span class=\"_ _1\"></span> be earned on long-term contracts, \u00a33.4 billion (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a34.2 </span>billion) relates to major contracts. This amount excludes revenue tha<span class=\"_ _1\"></span>t will be derived from frameworks (transactional \u2018point-in-time\u2019 contracts), non-contracted volumetric revenue, no<span class=\"_ _1\"></span>n-contracted scope changes and future unforeseen volume changes from these major contracts, wh<span class=\"_ _1\"></span>ich together are anticipated to contribute an additional <span class=\"ls9 ws1\">\u00a30.6 billion (</span>2022<span class=\"ls9 ws1\">: \u00a30.7 billion) of revenue to the Group o<span class=\"_ _1\"></span>ver the life of these </span>contracts.<span class=\"_ _2b5\"> </span>The Group performs various services for a number of UK Government ministerial de<span class=\"_ _1\"></span>partments and considers these individual ministerial departments to be separate custo<span class=\"_ _1\"></span>mers due to the limited economic integration between each ministerial department.<span class=\"_ _1\"></span> <span class=\"ls57 ws46\">Revenues of \u00a3319.8m</span> from one customer in the Capita Public Service division represented more than 10% of the Group\u2019s total reven<span class=\"_ _1\"></span>ues (<span class=\"ls57 ws46\">2022</span>: no customer represented more than 10% of the Group\u2019s total revenues)<span class=\"_ _2b5\"> </span>In February 2024, the Group extended and expanded its co<span class=\"_ _1\"></span>ntract with a major European telecoms provider. The new contract is based on expected volumes, and therefore tre<span class=\"_ _1\"></span>ated as a framework contract under IFRS 15. As a result, \u00a3365m included in the Capita Experience order boo<span class=\"_ _1\"></span>k at 31 December 2023 relating to the previous contract has been released. The new contract is expected<span class=\"_ _1\"></span> to be worth up to \u00a3420m to 2030.<span class=\"_ _2b5\"> </span>2.2.3 Deferred income<span class=\"_ _2b5\"> </span>The Group\u2019s deferred income balances solely relate to revenue fro<span class=\"_ _1\"></span>m contracts with customers. Revenue recognised in the reporting period that was included in the deferred income balance at t<span class=\"_ _2a\"></span>he beginning of the period was \u00a3599.0m (2022<span class=\"ls9 ws1\">: \u00a3</span>744.2.m).<span class=\"_ _2b5\"> </span>Movements in the deferred income balances were driven by transaction<span class=\"_ _1\"></span>s entered into by the Group in the normal course of business during the current and prior year, other th<span class=\"_ _1\"></span>an the accelerated revenue recognised of \u00a39.9m<span class=\"ls9 ws1\"> which primarily relates to an early termination of a contract in Capita Experience<span class=\"_ _1\"></span> (2022: \u00a3<span class=\"ls57 ws46\">nil</span>).<span class=\"_ _2b5\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueFromContractsWithCustomersExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-472": {
   "value": "2.1 Contract accounting<span class=\"_ _2b5\"> </span>At <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span>, the Group had the following results and balance sheet items relate<span class=\"_ _1\"></span>d to long-term contracts:<span class=\"_ _2b5\"> </span><table class=\"s w53 h65\" id=\"_9b6a8640-feb3-4064-b05b-659d77b0ba1c\"><tr><td></td><td></td><td class=\"t m0 x307 h3b y2c98 ff52 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x308 h3a y2c98 ff53 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x309 h3a y2c99 ff53 fs8 fc7 sc0 ls58 ws47\">Notes<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30a h3b y2c99 ff52 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2c99 ff53 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2c9a wb5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff53 fs5 fc7 sc0 ls57 ws46\">Long-term contractual revenue<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x47a y2c9a w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff53 fs5 fc7 sc0 ls57 ws46\">2.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x47b y2c9a w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff52 fs5 fc7 sc0 ls57 ws46\">2,104.0</div></td><td class=\"t m0 x47c h38 y2c9b ff53 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _2f\"> </span>2,236.2 </td></tr><tr><td class=\"c n x2be y2be4 w67 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff53 fs5 fc7 sc0 ls9 ws1\">Deferred income<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x47d y2be4 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff52 fs5 fc7 sc0 ls57 ws46\">537.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x47e y2be4 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff53 fs5 fc7 sc0 ls57 ws46\">640.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be5 wb6 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff53 fs5 fc7 sc0 ls9 ws1\">Contract fulfilment assets (non-current)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x47f y2be5 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff53 fs5 fc7 sc0 ls57 ws46\">3.1.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x480 y2be5 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff52 fs5 fc7 sc0 ls57 ws46\">257.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x414 y2be5 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff53 fs5 fc7 sc0 ls57 ws46\">263.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 wb7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff53 fs5 fc7 sc0 ls9 ws1\">Onerous contract provisions<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x481 y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff52 fs5 fc7 sc0 ls57 ws46\">43.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x482 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff53 fs5 fc7 sc0 ls57 ws46\">52.8<span class=\"_ _2b5\"> </span></div></td></tr></table>Background<span class=\"_ _2b5\"> </span>The Group operates diverse businesses. The majority of the Group\u2019s reve<span class=\"_ _1\"></span>nue is from contracts greater than two years in duration (long-term contractual), representing <span class=\"_ _1\"></span><span class=\"ls57 ws46\">75% of Group revenue in 2023<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>74%<span class=\"ls9 ws1\">).<span class=\"_ _2b5\"> </span></span></span>These long-term contracts can be complex in nature given the brea<span class=\"_ _1\"></span>dth of solutions the Group offers and the transformational activities involved. Typically, Capita takes a customer\u2019s process and<span class=\"_ _1\"></span> transforms it into a more efficient and effective solution which is then<span class=\"_ _1\"></span> operated for the customer. The outcome is a high quality solution that addresses a customer\u2019s needs and is delivered consisten<span class=\"_ _1\"></span>tly over the life of the contract.<span class=\"_ _2b5\"> </span>The Group recognises revenue on long-term contracts as the value<span class=\"_ _1\"></span> is delivered to the customer, which is generally evenly over the contract term, regardless of any restructuring an<span class=\"_ _1\"></span>d transformation activity required to deliver the services to the customer. Capita will often incur greater costs during co<span class=\"_ _1\"></span>ntract transformation phases with costs diminishing over time as the target operating model is imple<span class=\"_ _1\"></span>mented and efficiencies realised. This results in lower profits or losses in the early years of contracts and p<span class=\"_ _1\"></span>otentially higher profits in later years as the transformation activities are successfully completed and the ta<span class=\"_ _1\"></span>rget operating model fully implemented (the business as usual (BAU) phase). The inflection point is whe<span class=\"_ _1\"></span>n the contract becomes profitable.<span class=\"_ _2b5\"> </span>Non-current contract fulfilment assets are recognised for those costs qualifying fo<span class=\"_ _1\"></span>r capitalisation. The utilisation of these assets is recognised over the contract term. The timing of cash<span class=\"_ _1\"></span> receipts from customers typically matches when the costs are incurred to transform, restructure and run th<span class=\"_ _1\"></span>e service. This results in income being deferred and released when the Group delive<span class=\"_ _1\"></span>rs against its obligations to provide services and solutions to its customers.<span class=\"_ _2b5\"> </span>An example, showing the revenue, cost, profit and cash <span class=\"_ _1\"></span>flow of a typical long-term contract lifecycle is as follows:<span class=\"_ _2b5\"> </span>Significant accounting estimates and assumptions<span class=\"_ _2b5\"> </span>Due to the size and complexity of some of the Group\u2019s contracts, there are sign<span class=\"_ _1\"></span>ificant judgements to be applied, specifically in assessing: (i) the recoverability of non-current contract fu<span class=\"_ _1\"></span>lfilment assets; and (ii) the completeness of the customer and onerous contract provisions. These judgements<span class=\"_ _2a\"></span> are dependent on assessing the contract\u2019s future profitability and give rise to a key source of estima<span class=\"_ _1\"></span>tion uncertainty. It is possible that outcomes within the next financial year may be different from man<span class=\"_ _1\"></span>agement\u2019s assumptions and could require a material adjustment to the carrying amounts of contract a<span class=\"_ _1\"></span>ssets and onerous contract provisions.<span class=\"_ _2b5\"> </span>Significant accounting judgements<span class=\"_ _2b5\"> </span>Significant judgement is exercised by management as to when to recogn<span class=\"_ _1\"></span>ise revenue from variations or scope changes on long-term contracts. There is a risk that revenue may b<span class=\"_ _1\"></span>e recognised even though it is not probable that consideration will be collected, which could be due to<span class=\"_ _1\"></span> uncertainties over contractual terms and ongoing negotiations with clients. Judgement is also required when<span class=\"_ _1\"></span> customers request scope changes to determine if there is a contract modification or a contract termination followed b<span class=\"_ _1\"></span>y a new contract. Contract terminations can lead to the immediate recognition of any deferred<span class=\"_ _1\"></span> income being held for recognition in future periods. Refer to note 2.2 for the Group\u2019s accounting policies.<span class=\"_ _2b5\"> </span>Assessing contract profitability<span class=\"_ _2b5\"> </span>In assessing a contract\u2019s future lifetime profitability, management must estimate fore<span class=\"_ _1\"></span>cast revenue and costs to both transform and run the service over the remaining contract term. Th<span class=\"_ _1\"></span>e ability to accurately forecast the outcomes involves estimates in respect of: costs to be incurred; cost savings to be a<span class=\"_ _1\"></span>chieved; future performance against any contract-specific key performance indicators (KPIs) that co<span class=\"_ _1\"></span>uld trigger variable consideration or service credits; outcome of any commercial negotiations; an<span class=\"_ _1\"></span>d impact of inflation on the cost base and the indexation of revenue.<span class=\"_ _2b5\"> </span>The level of uncertainty in the estimated future profitability of a contract is d<span class=\"_ _1\"></span>irectly related to the stage in the life-cycle of the contract and the complexity of the performance obligation<span class=\"_ _1\"></span>s. Contracts in the transformation stage are considered to have a higher level of uncertainty beca<span class=\"_ _1\"></span>use of:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>the ability to accurately estimate the costs to deliver the tra<span class=\"_ _1\"></span>nsformed process;<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>the dependency on the customer to agre<span class=\"_ _1\"></span>e to the specifics of the transformation: for example, where they are involved in certifying that the new process or, the new technical solution<span class=\"_ _1\"></span>, designed by Capita meets their specific requirements; and<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>the assumptions made to forecast expected savin<span class=\"_ _1\"></span>gs in the target operating model.<span class=\"_ _2b5\"> </span>Those contracts which are in BAU tend to have a much lower level of uncerta<span class=\"_ _1\"></span>inty in estimating future profitability.<span class=\"_ _2b5\"> </span>Recoverability of non-current contract fulfilment assets and completeness of on<span class=\"_ _1\"></span>erous contract provisions<span class=\"_ _2b5\"> </span>Management first assesses whether contract assets are impaired and then<span class=\"_ _1\"></span> further considers whether an onerous contract exists. For half and full year reporting, the Audit and Risk Co<span class=\"_ _1\"></span>mmittee specifically reviews the material judgements and estimates, and the overall approach<span class=\"_ _1\"></span> to this assessment in respect of the Group\u2019s major contracts, including comparison against previous forecasts. Major co<span class=\"_ _1\"></span>ntracts include those that are material in size or risk to the Group\u2019s results. An assessment of which contracts are<span class=\"_ _1\"></span> major contracts is performed twice a year, and to enable comparability the prior period a<span class=\"_ _1\"></span>mounts below are re-presented to reflect the same scope as the current period. Other contracts are reported<span class=\"_ _1\"></span> to the Audit and Risk Committee as deemed appropriate. These contracts are collectively referred to a<span class=\"_ _1\"></span>s \u2018major contracts\u2019 in the remainder of this note.<span class=\"_ _2b5\"> </span>The major contracts contributed \u00a31.1 billion (<span class=\"_ _1\"></span><span class=\"ls57 ws46\">2022<span class=\"ls9 ws1\">: \u00a31.1 billion) or </span>42%<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>42%<span class=\"ls9 ws1\">) of Group adjusted </span></span>revenue. <span class=\"ls9 ws1\">Non-current contract fulfilment assets at </span>31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> were </span>\u00a3257.0m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a3263.0m<span class=\"ls9 ws1\">), of </span>which <span class=\"ls57 ws46\">\u00a3125.1m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a3109.7m</span>) relates to major contracts with ongoing transformational activities. Th<span class=\"_ _1\"></span>e remainder relates to contracts post transformation and includes non-ma<span class=\"_ _1\"></span>jor contracts.<span class=\"_ _2b5\"> </span>The major contracts, both pre- and post-transformation, are rated acco<span class=\"_ _1\"></span>rding to their financial risk profile, which is linked to the level of uncertainty over future assumptions. For those<span class=\"_ _1\"></span> that are in the high and medium rated risk categories the associated non-current contract fulfilment asse<span class=\"_ _1\"></span>ts were, in aggregate, \u00a352.8m<span class=\"ls9 ws1\"> at </span>31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a342.2m<span class=\"ls9 ws1\">). The recoverability of these assets is dependent on no </span>significant adverse change in the key contract assumptions arising durin<span class=\"_ _1\"></span>g the next financial year. The balance of deferred income associated with these contrac<span class=\"_ _1\"></span>ts was <span class=\"ls57 ws46\">\u00a3109.5m</span> at <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span> (<span class=\"ls57 ws46\">2022</span>: \u00a3116.2m<span class=\"ls9 ws1\">) and is forecast to be recognised as performance obligations continu<span class=\"_ _1\"></span>e to be delivered over the life </span>of the respective contracts. Onerous contract provisions associated with these co<span class=\"_ _1\"></span>ntracts were <span class=\"ls57 ws46\">\u00a337.3m</span> at 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a342.5m<span class=\"ls9 ws1\">).<span class=\"_ _2b5\"> </span></span>Following these reviews, and reviews of smaller contracts across the business,<span class=\"_ _1\"></span><span class=\"ls57 ws46\"> as outlined in note<span class=\"_ gs15\"> </span>3.1.3,<span class=\"ls9 ws1\"> </span></span>non-current contract fulfilment asset impairments of <span class=\"_ _1\"></span><span class=\"ls57 ws46\">\u00a33.4m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a33.8m) were identifi<span class=\"_ _2a\"></span>ed and recognised </span>within adjusted cost of sales, of which <span class=\"ls57 ws46\">\u00a3nil</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a30.5m</span>) relates to <span class=\"_ _1\"></span>non-current contract fulfilment assets added during the period, and net onerous contract provisions of \u00a37.1m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a31.7m<span class=\"ls9 ws1\">) were identified and </span>recognised in <span class=\"ls9 ws1\">adjusted cost of sales.<span class=\"_ _2b5\"> </span></span>Given the quantum of the relevant contract assets and liabilities, and the<span class=\"_ _1\"></span> nature of the estimates noted above, management has concluded<span class=\"ls9 ws1\"> it is reasonably possible, that outcomes within the next financial year </span>may be different from management\u2019s current assumptions and could req<span class=\"_ _1\"></span>uire a material adjustment to the carrying amounts of contract assets and onerous contract provisions. Howeve<span class=\"_ _1\"></span>r, as noted above, <span class=\"ls57 ws46\">\u00a3125.1m</span> of non-current contract fulfilment assets relates to major contracts with ongoing tra<span class=\"_ _1\"></span>nsformational activities; and, \u00a352.8m of non-<span class=\"ls9 ws1\">current contract fulfilment assets and </span>\u00a337.3m<span class=\"ls9 ws1\"> of onerous contract p<span class=\"_ _1\"></span>rovisions relate to </span>the highest and medium rated risk category. Due to the level of uncerta<span class=\"_ _1\"></span>inty, combination of variables and timing across numerous contracts, it is not practical to provide a quantitative ana<span class=\"_ _1\"></span>lysis of the aggregated judgements that are applied, and management do not believe that disclosing a potential range of out<span class=\"_ _2a\"></span>comes on a consolidated basis would provide meaningful information to a<span class=\"_ _1\"></span> user of the financial statements. Due to commercial sensitivities, the Group does not specifically disclose the amounts involved<span class=\"_ _1\"></span> in any individual contract.<span class=\"_ _2b5\"> </span>Certain major transformation contracts have key milestones during the next twe<span class=\"_ _1\"></span>lve months and an inability to meet these key milestones could lead to reduced profitability and a<span class=\"_ _1\"></span> risk of impairment of the associated contract assets. These include contracts with the BBC, Transport for London<span class=\"_ _1\"></span>, Department for Work and Pensions and the City of London Police.<span class=\"_ _2b5\"> </span>Additional information, which does not form part of these<span class=\"_ _1\"></span> consolidated financial statements, on the results and performance of the underlying divisions including the outloo<span class=\"_ _1\"></span>k on certain contracts is set out in the divisional performance review in the strategic report.<span class=\"_ _2b5\"> </span>2.2 Revenue including segmental revenue<span class=\"_ _2b5\"> </span>Accounting policies Revenue<span class=\"_ _2b5\"> </span>The Group operates a diverse range of businesses and accord<span class=\"_ _1\"></span>ingly applies a variety of methods for revenue recognition, based on the principles set out in IFRS<span class=\"_ gs15\"> </span>15 <span class=\"_ _1\"></span><span class=\"ff58\">Revenue from Contracts with Customers<span class=\"ff57\">.<span class=\"_ _2b5\"> </span></span></span>The revenue and profits recognised in any period are based on the delivery of performance obligat<span class=\"_ _2a\"></span>ions and an assessment of when control is transferred to the customer.<span class=\"_ _2b5\"> </span>Revenue is recognised either when the performance obligation in<span class=\"_ _1\"></span> the contract has been performed (\u2018point-<span class=\"_ _2b5\"> </span>in-time\u2019 recognition) or \u2018over-time\u2019 as control of the performance obligation<span class=\"_ _1\"></span> is transferred to the customer.<span class=\"_ _2b5\"> </span>For all contracts, the Group determines if the arrangement with a customer cre<span class=\"_ _1\"></span>ates enforceable rights and obligations. This assessment results in certain Master Service Agreements (MSA) or Framewo<span class=\"_ _1\"></span>rks not meeting the definition of a contract under IFRS<span class=\"_ gs15\"> </span>15 and as such the in<span class=\"_ _1\"></span>dividual call-off agreements, linked to the MSA, are treated as individual contracts.<span class=\"_ _2b5\"> </span>The Group enters into contracts which contain extension periods, where<span class=\"_ _1\"></span> either the customer or both parties can choose to extend the contract or there is an automatic annua<span class=\"_ _1\"></span>l renewal, and/or termination clauses that could impact the actual duration of the contract. Judgement is applied<span class=\"_ _1\"></span> to assess the impact that these clauses have when determining the appropriate contract term. The<span class=\"_ _1\"></span> term of the contract impacts both the period over which revenue from performance obligations may be recognised and the period ov<span class=\"_ _2a\"></span>er which non-<span class=\"_ _2b5\"> </span>current contract fulfilment assets and capitalised costs to obtain a contract are e<span class=\"_ _1\"></span>xpensed.<span class=\"_ _2b5\"> </span>For contracts with multiple components to be delivered such as transformatio<span class=\"_ _1\"></span>n, transitions and the delivery of outsourced services, management applies judgement to consider whether those pr<span class=\"_ _2a\"></span>omised goods and services are:<span class=\"_ _2b5\"> </span>(i)<span class=\"_ _42\"> </span>distinct \u2013 to be accounted for as separate performance obligations;<span class=\"_ _2b5\"> </span>(ii)<span class=\"_ _ec\"> </span>not distinct \u2013 to be combined with other promised goods or services until a bundle is identified that is distinct; or,<span class=\"_ _2b5\"> </span>(iii)<span class=\"_ _9\"> </span>part of a series of distinct goods and services that are substantially the same and have the same pattern of transfer to the customer.<span class=\"_ _2b5\"> </span>At a contract\u2019s inception the total transaction price is estimated, being the amo<span class=\"_ _1\"></span>unt to which the Group expects to be entitled and has rights to under the contract. This includ<span class=\"_ _1\"></span>es an assessment of any variable consideration where the Group\u2019s performance may result in additiona<span class=\"_ _1\"></span>l revenues based on the achievement of agreed Key Performance Indicators (KPIs). Such amounts are only included<span class=\"_ _1\"></span> based on the expected value, or the most likely outcome method, and only to the extent that it is high<span class=\"_ _1\"></span>ly probable that no revenue reversal will occur.<span class=\"_ _2b5\"> </span>The transaction price does not include estimates of consideration re<span class=\"_ _1\"></span>sulting from change orders for additional goods and services unless these are already agreed.<span class=\"_ _2b5\"> </span>After the total transaction price is determined, the Group allocates this to the id<span class=\"_ _1\"></span>entified performance obligations in proportion to their relative standalone selling prices a<span class=\"_ _1\"></span>nd recognises revenue when (or while) those performance obligations are satisfied.<span class=\"_ _2b5\"> </span>The Group infrequently sells standard products with observable stan<span class=\"_ _1\"></span>dalone prices due to the specialised services required by customers, consequently the Group applies judge<span class=\"_ _1\"></span>ment to determine an appropriate standalone selling price. More frequently, the Group sells customers besp<span class=\"_ _1\"></span>oke solutions, and in these cases the Group typically uses the expected cost-plus margin or a contractually state<span class=\"_ _1\"></span>d price approach to estimate the standalone selling price of each performance obligation.<span class=\"_ _2b5\"> </span>The Group may offer price step downs during the life of a contract, but with<span class=\"_ _1\"></span> no change to the underlying scope of services to be delivered. In general, any such variable consid<span class=\"_ _1\"></span>eration, price step down or discount is included in the total transaction price to be allocated across all perfo<span class=\"_ _1\"></span>rmance obligations unless it relates to only one performance obligation in a contract.<span class=\"_ _2b5\"> </span>For each performance obligation to be recognised over-time, the Group applies a revenue r<span class=\"_ _2a\"></span>ecognition method that faithfully depicts the Group\u2019s performance in transferring contro<span class=\"_ _1\"></span>l of the goods or services to the customer. This decision requires assessment of the real nature of the go<span class=\"_ _1\"></span>ods or services that the Group has promised to transfer to the customer. The Group applies the relevant o<span class=\"_ _1\"></span>utput or input method consistently to similar performance obligations in other contracts.<span class=\"_ _2b5\"> </span>When using the output method, the Group recognises revenue<span class=\"_ _1\"></span> on the basis of direct measurements of the value to the customer of the goods and services transferred to date re<span class=\"_ _1\"></span>lative to the remaining goods and services under the contract. This is a faithful depiction of the transfer of services sin<span class=\"_ _1\"></span>ce the service delivered to the customer is unchanged. Where the output method is used, in p<span class=\"_ _1\"></span>articular for long-term service contracts where the series guidance is applied, the Group often use<span class=\"_ _1\"></span>s a method of time elapsed which requires minimal estimation. Certain long-term contracts use output methods b<span class=\"_ _1\"></span>ased upon estimations of: user numbers; service activity levels; or fees collected.<span class=\"_ _2b5\"> </span>When transfer of control is most closely aligned to Group efforts in delivering the<span class=\"_ _1\"></span> service, the input method is used to measure progress and revenue is recognised in direct prop<span class=\"_ _1\"></span>ortion to costs incurred. This is a faithful depiction of the transfer of services because costs (or other inputs) mo<span class=\"_ _1\"></span>st accurately reflect the incremental benefits received by the customer from efforts to date.<span class=\"_ _2b5\"> </span>If performance obligations in a contract do not meet the over-time criteria, the<span class=\"_ _1\"></span> Group recognises revenue at a point-in-time when the service or good is delivered.<span class=\"_ _2b5\"> </span>Contract modifications<span class=\"_ _2b5\"> </span>The Group\u2019s contracts are often amended for changes in contract sp<span class=\"_ _1\"></span>ecifications and requirements. Contract modifications exist when the amendment either creates new, or change<span class=\"_ _1\"></span>s existing, enforceable rights and obligations. The effect of a contract modification on the transaction price<span class=\"_ _1\"></span> and the Group\u2019s measure of progress for the performance obligation to which it relates, is recognised<span class=\"_ _1\"></span> as an adjustment to revenue in one of the following ways:<span class=\"_ _2b5\"> </span>a)<span class=\"_ _42\"> </span><span class=\"ls9 ws1\">prospectively as an additional performance obligation (this is typically when new distinct goods or </span>services are provided on an existing contact);<span class=\"_ _2b5\"> </span>b)<span class=\"_ _42\"> </span><span class=\"ls9 ws1\">prospectively as a termination of the existing contract and creation of a new contract;<span class=\"_ _2b5\"> </span></span>c)<span class=\"_ _18d\"> </span>as part of the orig<span class=\"_ _1\"></span>inal contract using a cumulative catch up (this is typically where the modification changes the services provided to date); or,<span class=\"_ _2b5\"> </span>d)<span class=\"_ _42\"> </span><span class=\"ls9 ws1\">as a combination of (b) and (c).<span class=\"_ _2b5\"> </span></span>In respect of contracts for which the Group has decided there is a series of d<span class=\"_ _1\"></span>istinct goods and services that are substantially the same and have the same pattern of transfer where<span class=\"_ _1\"></span> revenue is recognised over-time, the modification will always be treated under either (a) or (b); (d) may arise whe<span class=\"_ _1\"></span>n a contract has a part-<span class=\"_ _2b5\"> </span>termination and a modification of the remaining performance oblig<span class=\"_ _1\"></span>ations.<span class=\"_ _2b5\"> </span>Judgement is applied in relation to the accounting for such modificatio<span class=\"_ _1\"></span>ns where the final terms or legal contracts have not been agreed prior to the period end because management needs to determine if a modification has been approved and if it either creates new, or cha<span class=\"_ _1\"></span>nges existing, enforceable rights and obligations of the parties. Depending upon the outcome of such negotiations, the timi<span class=\"_ _2a\"></span>ng and amount of revenue recognised may be different in the relevant accounting p<span class=\"_ _1\"></span>eriods. Modification and amendments to contracts are undertaken through an agreed formal process. For example, if a change i<span class=\"_ _2a\"></span>n scope has been approved but the corresponding change in price is still being negotiated, management uses <span class=\"_ _2a\"></span>judgement to estimate the change in total transaction price. Importantly, any variable con<span class=\"_ _1\"></span>sideration is only recognised to the extent that it is highly probable that no revenue reversal will occur. F<span class=\"_ _1\"></span>or example, if pricing is subject to indexation based on an external metric (such as the Consumer Price Inde<span class=\"_ _1\"></span>x (CPI) or the Retail Price Index (RPI)) then the revenue related to the indexation will only be recogn<span class=\"_ _1\"></span>ised once the relevant indexation is confirmed. Future indexation will not be recognised because it is not h<span class=\"_ _1\"></span>ighly probable that a significant reversal of an indexation adjustment will not occur.<span class=\"_ _2b5\"> </span>Principal versus agent<span class=\"_ _2b5\"> </span>The Group has arrangements with some of its customers whereby it needs to<span class=\"_ _1\"></span> determine if it acts as a principal or an agent because more than one party is involved in<span class=\"_ _1\"></span> providing the goods and services to the customer. The Group is a principal if it controls a promised good or service be<span class=\"_ _1\"></span>fore transferring that good or service to the customer. The Group is an agent if its role is to arrange for an<span class=\"_ _1\"></span>other entity to provide the goods or services. Factors considered in making this assessment are most notab<span class=\"_ _1\"></span>ly: the discretion the Group has in establishing the price for the specified good or service; whe<span class=\"_ _1\"></span>ther the Group has inventory risk; and whether or not the Group is primarily responsible for fulfilling the pro<span class=\"_ _1\"></span>mise to deliver the service or good.<span class=\"_ _2b5\"> </span>This assessment of control requires judgement particularly in relation to ce<span class=\"_ _1\"></span>rtain service contracts. An example is the provision of certain recruitment and learning services where<span class=\"_ _1\"></span> the Group may be assessed to be agent or principal dependent upon the facts and circumstances of the arrangement and the nature of<span class=\"_ _2a\"></span> the services being delivered.<span class=\"_ _2b5\"> </span>Where the Group is acting as a principal, revenue is recorded on a gro<span class=\"_ _1\"></span>ss basis. Where the Group is acting as an agent, revenue is recorded on a net basis, recognising o<span class=\"_ _1\"></span>nly the commission or fee earned as revenue.<span class=\"_ _2b5\"> </span>Licences<span class=\"_ _2b5\"> </span>Software licences delivered by the Group can either be right to access (active<span class=\"_ _1\"></span>) or right to use (passive) licences, which determines the timing of revenue recognition. The asse<span class=\"_ _1\"></span>ssment of whether a licence is active or passive involves judgement.<span class=\"_ _2b5\"> </span>The key determinant of an active licence is whether or not the Group is re<span class=\"_ _1\"></span>quired to undertake continuing activities that significantly affect the licensed intellectual property (or the custome<span class=\"_ _1\"></span>r has a reasonable expectation that it will do so) and the customer is, therefore, exposed to po<span class=\"_ _1\"></span>sitive (or negative) impacts resulting from those changes. Where the Group is responsible for any ma<span class=\"_ _1\"></span>intenance, continuing support, updates and upgrades, then the sale of the initial software is not d<span class=\"_ _1\"></span>istinct. All other licences which have significant standalone functionality are treated as passive licences.<span class=\"_ _2b5\"> </span>When software upgrades are sold as part of the software licence agre<span class=\"_ _1\"></span>ement (ie software upgrades are promised to the customer), the Group applies judgement to assess wheth<span class=\"_ _1\"></span>er the software upgrades are distinct from the licence (ie a separate performance obligation). If the upg<span class=\"_ _1\"></span>rades are considered fundamental to the ongoing use of the software by the customer, the upgrade<span class=\"_ _1\"></span>s are not considered distinct and not accounted for as a separate performance obligation.<span class=\"_ _2b5\"> </span>For each contract that includes a separate licence performance ob<span class=\"_ _1\"></span>ligation, the Group considers all the facts and circumstances in determining whether the licence revenue is recog<span class=\"_ _1\"></span>nised over-time (active) or at a point-<span class=\"_ _2b5\"> </span>in-time (passive) from the go-live date of the licence.<span class=\"_ _2b5\"> </span>Deferred and accrued income<span class=\"_ _2b5\"> </span>The Group\u2019s customer contracts include a diverse range of payment schedules dependent<span class=\"_ _2a\"></span> upon the nature and type of goods and/or services being provided. This can include performance-based pay<span class=\"_ _2a\"></span>ments or progress payments as well as regular monthly or quarterly payments for ong<span class=\"_ _1\"></span>oing service delivery. Payments for transactional goods and services may be at delivery date, in arrears o<span class=\"_ _1\"></span>r part payment in advance. The long-term service contracts tend to have higher cash flows early in the contra<span class=\"_ _1\"></span>ct to cover transformational activities.<span class=\"_ _2b5\"> </span>Where payments received are greater than the revenue recognised up to the balance sheet date, the G<span class=\"_ _2a\"></span>roup recognises a deferred income contract liability for this difference. Where pa<span class=\"_ _1\"></span>yments received are less than the revenue recognised up to the balance sheet date, the Group recognises an accrued contract i<span class=\"_ _2a\"></span>ncome asset for this difference.<span class=\"_ _2b5\"> </span>At each balance sheet date, the Group assesses whether there is any in<span class=\"_ _1\"></span>dication that accrued contract income assets may be impaired by considering whether or not any revenu<span class=\"_ _1\"></span>e reversal could occur. Where an indicator of impairment exists, the Group makes a formal estimate of the asset\u2019s recove<span class=\"_ _1\"></span>rable amount. Where the carrying amount of an asset exceeds its recoverable amoun<span class=\"_ _1\"></span>t, the asset is considered impaired and is written down to its recoverable amount.<span class=\"_ _2b5\"> </span>Contract types<span class=\"_ _2b5\"> </span>The Group disaggregates revenue from contracts with customers by contra<span class=\"_ _1\"></span>ct type, because management believe this best depicts how the nature, amount, timing, and uncerta<span class=\"_ _1\"></span>inty of the Group\u2019s revenue and cash flows are affected by economic factors. Categories are: long-term contractual \u2013 g<span class=\"_ _1\"></span>reater than two years; short-term contractual \u2013 less than two years; and transactional. The years b<span class=\"_ _1\"></span>eing measured from the service commencement date.<span class=\"_ _2b5\"> </span>Long-term contractual \u2013 greater than two years<span class=\"_ _2b5\"> </span>The Group provides a range of services under contracts with a duration<span class=\"_ _1\"></span> of more than two years. The nature of contracts or performance obligations within this revenue type includes:<span class=\"_ _2b5\"> </span>(i)<span class=\"_ _42\"> </span>long-term outsourced service arrangements in the public and private sectors; and<span class=\"_ _2b5\"> </span>(ii)<span class=\"_ _ec\"> </span>active software licence arrangements.<span class=\"_ _2b5\"> </span>The majority of long-term contractual agreements form part of a series of distin<span class=\"_ _1\"></span>ct goods and services because they are substantially the same service; and have the same p<span class=\"_ _1\"></span>attern of transfer, since the series constitutes services provided in distinct time increments (eg daily, monthly, quarterly o<span class=\"_ _1\"></span>r annually), and therefore treats the series as one performance obligation.<span class=\"_ _2b5\"> </span>Short-term contractual \u2013 less than two years<span class=\"_ _2b5\"> </span>The nature of contracts or performance obligations within this revenu<span class=\"_ _1\"></span>e type includes:<span class=\"_ _2b5\"> </span>(i)<span class=\"_ _42\"> </span>short-term outsourced service arrangements in the public and private sectors; and<span class=\"_ _2b5\"> </span>(ii)<span class=\"_ _ec\"> </span>software maintenance contracts.<span class=\"_ _2b5\"> </span>The Group has assessed that maintenance and support (ie on<span class=\"_ _1\"></span>-call support, remote support) for software licences is a performance obligation that can be considered capa<span class=\"_ _1\"></span>ble of being distinct and separately identifiable in a contract if the customer has a passive licence. These recu<span class=\"_ _1\"></span>rring services are substantially the same because the nature of the promise is for the Group to \u2018stand re<span class=\"_ _1\"></span>ady\u2019 to perform maintenance and support when required by the customer. Each day of \u2018standing ready\u2019 is d<span class=\"_ _1\"></span>istinct from each subsequent day and is transferred in the same pattern to the customer.<span class=\"_ _2b5\"> </span>Transactional (point-in-time) contracts<span class=\"_ _2b5\"> </span>The Group delivers a range of goods or services in all reportable se<span class=\"_ _1\"></span>gments that are transactional services for which revenue is recognised at the point-in-time when control of the g<span class=\"_ _1\"></span>oods or services has transferred to the customer. This may be at the point of physical delivery of goods or service<span class=\"_ _1\"></span>s and acceptance by the customer or when the customer obtains control of an asset or service in a contra<span class=\"_ _1\"></span>ct with customer-specified acceptance criteria.<span class=\"_ _2b5\"> </span>The nature of contracts or performance obligations within this revenu<span class=\"_ _1\"></span>e type includes:<span class=\"_ _2b5\"> </span>(i)<span class=\"_ _42\"> </span><span class=\"ls57 ws46\">provision of computing hardware goods;<span class=\"_ _2b5\"> </span></span>(ii)<span class=\"_ _ec\"> </span>passive software licence agreements; (iii)<span class=\"_ _9\"> </span>commission received as agent from the sale of third-party software; and<span class=\"_ _2b5\"> </span>(iv)<span class=\"_ _a\"> </span>fees received in relation to the delivery of professional services.<span class=\"_ _2b5\"> </span>2.2.1 Segmental revenue<span class=\"_ _2b5\"> </span>The Group\u2019s operations are managed separately according to<span class=\"_ _1\"></span> the nature of the services provided, with each segment representing a strategic business division offering a different p<span class=\"_ _1\"></span>ackage of client services across the markets the Group serves. Capita plc is a reconciling item and not an opera<span class=\"_ _1\"></span>ting segment. A description of the service provision for each segment can be found in the strategic re<span class=\"_ _1\"></span>port <span class=\"ls57 ws46\">on pages 14 to 21.</span> Inter-<span class=\"_ _2b5\"> </span>segment<span class=\"ls9 ws1\">al pricing is based on set criteria and is either charged on an arm's length<span class=\"_ _1\"></span> basis or at cost.<span class=\"_ _2b5\"> </span></span>The tables below present revenue for the Group\u2019s business segme<span class=\"_ _1\"></span>nts as reported to the Chief Opera<span class=\"ls57 ws46\">ting </span>Decision Maker. The Group now comprises two divisions - Capita Public Service and Ca<span class=\"_ _1\"></span>pita Experience - following the completion of the Group\u2019s exit of the non-core businesses in<span class=\"_ _1\"></span> the Capita Portfolio division. Comparative information has been re-presented to reflect businesse<span class=\"_ _1\"></span>s exited during <span class=\"ls57 ws46\">2023</span>, and accordingly the Capita Portfolio division is no longer disclose<span class=\"_ _1\"></span>d as a division. Comparative information has also been re-<span class=\"_ _2b5\"> </span>presented to reflect the move of businesses between segments during<span class=\"_ _1\"></span> 2023 to enable comparability.<span class=\"_ _2b5\"> </span>Adjusted revenue, excluding results from businesses exited in both years (a<span class=\"_ _1\"></span>djusting items), was <span class=\"ls57 ws46\">\u00a32,642.1m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a32,609.0m</span>), an increase of <span class=\"ls57 ws46\">1.3%</span> (<span class=\"ls57 ws46\">2022</span>: increase <span class=\"ls57 ws46\">1.7%</span>).<span class=\"_ _2b5\"> </span><div class=\"gs233\"><table class=\"s wb8 h66\" id=\"_f12e3f9a-1569-4bd9-8581-3a401b13d4e8\"><tr><td></td><td></td><td class=\"t m0 x483 h3b y2c9c ff5b fs8 fc7 sc0 ls58 ws47\">Capita </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x484 h3b y2c9d ff5b fs8 fc7 sc0 ls58 ws47\">Public </td><td class=\"t m0 x485 h3b y2c9d ff5b fs8 fc7 sc0 ls58 ws47\">Capita </td><td class=\"t m0 x486 h3b y2c9d ff5b fs8 fc7 sc0 ls58 ws47\">Total </td><td class=\"t m0 x487 h3b y2c9d ff5b fs8 fc7 sc0 ls58 ws47\">Adjusting </td><td class=\"t m0 x488 h3b y2c9d ff5b fs8 fc7 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x349 h3a y2c9e ff5c fs8 fc7 sc0 ls58 ws47\">Year ended </td><td></td><td class=\"t m0 x489 h3b y2c9e ff5b fs8 fc7 sc0 ls58 ws47\">Service </td><td class=\"t m0 x48a h3b y2c9e ff5b fs8 fc7 sc0 ls58 ws47\">Experience </td><td class=\"t m0 x48b h3b y2c9e ff5b fs8 fc7 sc0 ls58 ws47\">adjusted </td><td class=\"t m0 x48c h3b y2c9e ff5b fs8 fc7 sc0 ls58 ws47\">items </td><td class=\"t m0 x48d h3b y2c9e ff5b fs8 fc7 sc0 ls58 ws47\">reported </td></tr><tr><td class=\"c n x2be y2ca0 wb9 h67\"><div class=\"t m0 x2bd h3a y2c9f ff5c fs8 fc7 sc0 ls58 ws47\">31<span class=\"_ gs234\"> </span>December 2023<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x48e y2ca0 wba h67\"><div class=\"t m0 x2bd h3a y2c9f ff5c fs8 fc7 sc0 ls58 ws47\">Notes<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 x48f h3b y2ca1 ff5b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x490 h3b y2ca1 ff5b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x491 h3b y2ca1 ff5b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x492 h3b y2ca1 ff5b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3b y2ca1 ff5b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h39 y2ca2 ff5b fs5 fc7 sc0 ls57 ws46\">Continuing operations<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2ca3 wbb h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">Long-term contractual<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x493 y2ca3 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">1,206.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x494 y2ca3 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">875.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x495 y2ca3 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">2,082.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x496 y2ca3 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">21.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x497 y2ca3 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">2,104.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ca4 wbc h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls9 ws1\">Short-term contractual<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x498 y2ca4 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">195.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x499 y2ca4 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">288.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x49a y2ca4 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">484.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x49b y2ca4 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">19.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x49c y2ca4 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">503.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ca5 wbd h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls9 ws1\">Transactional (point-in-time)<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x49d y2ca5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">56.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x49e y2ca5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">19.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x49f y2ca5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">75.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a0 y2ca5 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">131.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a1 y2ca5 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">207.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ca6 wbe h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">Total segment revenue<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4a2 y2ca6 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">1,458.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a3 y2ca6 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">1,183.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a4 y2ca6 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">2,642.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a5 y2ca6 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">172.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a6 y2ca6 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">2,814.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ca7 wbf h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">Trading revenue<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4a7 y2ca7 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">1,507.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a8 y2ca7 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">1,221.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a9 y2ca7 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">2,729.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4aa y2ca7 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">194.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ab y2ca7 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">2,924.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ca8 wc0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">Inter-segment revenue<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4ac y2ca8 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">(49.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ad y2ca8 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">(38.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ae y2ca8 w89 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">(<span class=\"_ _2a\"></span>87.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4af y2ca8 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">(21.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b0 y2ca8 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">(109.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ca9 wc1 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">Total adjusted segment revenue<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4b1 y2ca9 wc2 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">1,<span class=\"_ _2a\"></span>458.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b2 y2ca9 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">1,183.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b3 y2ca9 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">2,642.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b4 y2ca9 w32 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b5 y2ca9 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">2,642.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2caa wc3 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls9 ws1\">Business exits \u2013 trading<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b6 y2caa w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">2.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b7 y2caa w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b8 y2caa w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b9 y2caa w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ba y2caa w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">172.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x32e y2caa w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">172.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cab wbe h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">Total segment revenue<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4a2 y2cab w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">1,458.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a3 y2cab w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">1,183.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a4 y2cab w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">2,642.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a5 y2cab w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">172.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a6 y2cab w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">2,814.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h3a y2cac ff5c fs8 fc7 sc0 ls58 ws47\">Year ended </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x349 h3a y2cad ff5c fs8 fc7 sc0 ls58 ws47\">31<span class=\"_ gs234\"> </span>December 2022<span class=\"ls9 ws1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x349 h38 y2cae ff5c fs5 fc7 sc0 ls57 ws46\">Continuing operations<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2caf wbb h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">Long-term contractual<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4bb y2caf w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">1,166.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4bc y2caf w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">987.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4bd y2caf w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">2,154.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4be y2caf w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">81.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4bf y2caf w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">2,236.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cb0 wbc h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls9 ws1\">Short-term contractual<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x498 y2cb0 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">236.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x499 y2cb0 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">150.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x49a y2cb0 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">387.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c0 y2cb0 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">107.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c1 y2cb0 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">494.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cb1 wbd h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls9 ws1\">Transactional (point-in-time)<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x49d y2cb1 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">51.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x49e y2cb1 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">16.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x49f y2cb1 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">67.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a0 y2cb1 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">216.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a1 y2cb1 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">283.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cb2 wc4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">Total segment revenue<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4bb y2cb2 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">1,454.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c2 y2cb2 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">1,154.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c3 y2cb2 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">2,609.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ba y2cb2 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">405.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c4 y2cb2 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">3,014.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cb3 wbf h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">Trading revenue<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4a7 y2cb3 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">1,497.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a8 y2cb3 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">1,194.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a9 y2cb3 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">2,691.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4aa y2cb3 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">490.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ab y2cb3 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">3,181.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cb4 wc0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">Inter-segment revenue<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4ac y2cb4 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">(42.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ad y2cb4 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">(40.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ae y2cb4 w89 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">(<span class=\"_ _2a\"></span>82.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4af y2cb4 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">(84.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b0 y2cb4 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">(166.8)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be4 wc5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">Total adjusted segment revenue<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4a7 y2be4 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">1,454.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a8 y2be4 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">1,154.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a9 y2be4 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">2,609.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c5 y2be4 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c6 y2be4 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">2,609.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be5 wc3 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls9 ws1\">Business exits \u2013 trading<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b6 y2be5 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">2.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b7 y2be5 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b8 y2be5 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b9 y2be5 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ba y2be5 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">405.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x32e y2be5 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">405.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 wc4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">Total segment revenue<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4bb y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">1,454.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c2 y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">1,154.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c3 y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">2,609.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ba y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">405.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c4 y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">3,014.6<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h39 ff5b fs5 fc6 sc0 ls57 ws46 gs235\">Geographical location<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5c fs5 fc7 sc0 ls57 ws46 gs236\">The Group generates revenue largely in the UK and Europe. The table below presents revenue by </div><div class=\"t m0 h38 ff5c fs5 fc7 sc0 ls57 ws46 gs237\">geographical location.<span class=\"_ _2b5\"> </span></div><div class=\"gs238\"><table class=\"s wc6 h68\" id=\"_3d09b6ef-713d-47d3-bfd9-7f058aa3c692\"><tr><td></td><td></td><td></td><td></td><td class=\"c n x4c7 y2cb5 wc7 h69\"><div class=\"t m0 x2bd h3a y2c9f ff5b fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4c8 y2cb5 wc7 h67\"><div class=\"t m0 x2bd h3a y2c9f ff5c fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x4c9 h3b y2cb6 ff5b fs8 fc7 sc0 ls58 ws47\">United </td><td></td><td></td><td></td><td class=\"t m0 x4ca h3a y2cb7 ff5c fs8 fc7 sc0 ls58 ws47\">United </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x4cb h3b y2cb8 ff5b fs8 fc7 sc0 ls58 ws47\">Kingdom </td><td class=\"t m0 x4cc h3b y2cb8 ff5b fs8 fc7 sc0 ls58 ws47\">Europe </td><td class=\"t m0 x4cd h3b y2cb8 ff5b fs8 fc7 sc0 ls58 ws47\">Other </td><td class=\"t m0 x4ce h3b y2cb8 ff5b fs8 fc7 sc0 ls58 ws47\">Total </td><td class=\"t m0 x4cf h3a y2cb9 ff5c fs8 fc7 sc0 ls58 ws47\">Kingdom </td><td class=\"t m0 x4d0 h3a y2cb9 ff5c fs8 fc7 sc0 ls58 ws47\">Europe </td><td class=\"t m0 x4d1 h3a y2cb9 ff5c fs8 fc7 sc0 ls58 ws47\">Other </td><td class=\"t m0 x345 h3a y2cb9 ff5c fs8 fc7 sc0 ls58 ws47\">Total </td></tr><tr><td></td><td class=\"t m0 x4d2 h3b y2cba ff5b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d3 h3b y2cba ff5b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d4 h3b y2cba ff5b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d5 h3b y2cba ff5b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d6 h3a y2cba ff5c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d7 h3a y2cba ff5c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d8 h3a y2cba ff5c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2cba ff5c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2be6 wc8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">Revenue<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4d9 y2be6 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">2,526.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4da y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">282.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4db y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">6.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4dc y2be6 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">2,814.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4dd y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">2,731.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4de y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">270.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4df y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">12.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4e0 y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">3,014.6<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h39 ff5d fs5 fc6 sc0 ls57 ws46 gs23a\">2.2.2 Order book<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs23b\">The tables below show the order book for each division, categorised<span class=\"_ _1\"></span> into long-term contractual (contracts </div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs23c\">with length greater than two years) and short-term contractual (contracts with le<span class=\"_ _1\"></span>ngth less than two years). </div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs23d\">The length of the contract is calculated from the service commencement da<span class=\"_ _1\"></span>te. The figures represent the </div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs23e\">aggregate amount of currently contracted transaction price allocate<span class=\"_ _1\"></span>d to the performance obligations that are </div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs23f\">unsatisfied or partially unsatisfied. Revenue expected to be recognise<span class=\"_ _1\"></span>d upon satisfaction of these </div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs240\">performance obligations is as follows:<span class=\"_ _2b5\"> </span></div><div class=\"gs241\"><table class=\"s wc9 h6a\" id=\"_028a012e-7a88-435a-97f2-94c0c52c754c\"><tr><td></td><td class=\"t m0 x4e1 h3b y2cbb ff5d fs8 fc7 sc0 ls58 ws47\">Capita </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x4e1 h3b y2cbc ff5d fs8 fc7 sc0 ls58 ws47\">Public </td><td class=\"t m0 x4e2 h3b y2cbc ff5d fs8 fc7 sc0 ls58 ws47\">Capita </td><td class=\"t m0 x4e3 h3b y2cbc ff5d fs8 fc7 sc0 ls58 ws47\">Capita </td><td></td></tr><tr><td class=\"t m0 x2d8 h3b y2cbd ff5d fs8 fc7 sc0 ls58 ws47\">Order book </td><td class=\"t m0 x4e4 h3b y2cbd ff5d fs8 fc7 sc0 ls58 ws47\">Service </td><td class=\"t m0 x4e5 h3b y2cbd ff5d fs8 fc7 sc0 ls58 ws47\">Experience </td><td class=\"t m0 x4e6 h3b y2cbd ff5d fs8 fc7 sc0 ls58 ws47\">Portfolio </td><td class=\"t m0 x4e7 h3b y2cbd ff5d fs8 fc7 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x2d8 h3b y2cbe ff5d fs8 fc7 sc0 ls58 ws47\">31<span class=\"_ gs234\"> </span>December 2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4e8 h3b y2cbe ff5d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x309 h3b y2cbe ff5d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4e9 h3b y2cbe ff5d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4ea h3b y2cbe ff5d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2cbf wbb h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls57 ws46\">Long-term contractual<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4eb y2cbf w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">3,381.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ec y2cbf w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">2,111.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ed y2cbf w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ee y2cbf w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">5,492.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cc0 wbc h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls9 ws1\">Short-term contractual<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ef y2cc0 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">164.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4f0 y2cc0 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">188.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4f1 y2cc0 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">37.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4f2 y2cc0 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">390.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 wa6 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5d fs5 fc7 sc0 ls57 ws46\">Total<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4f3 y2be6 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5d fs5 fc7 sc0 ls57 ws46\">3,546.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4f4 y2be6 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5d fs5 fc7 sc0 ls57 ws46\">2,299.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4f5 y2be6 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5d fs5 fc7 sc0 ls57 ws46\">37.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4f6 y2be6 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5d fs5 fc7 sc0 ls57 ws46\">5,882.6<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"gs242\"><table class=\"s wca h6b\" id=\"_c5dbd6c9-001f-44af-89ea-34c6bd84bbab\"><tr><td></td><td class=\"t m0 x4f7 h3a y2cc1 ff5e fs8 fc7 sc0 ls58 ws47\">Capita </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x4f7 h3a y2cc2 ff5e fs8 fc7 sc0 ls9 ws1\">Public </td><td class=\"t m0 x4f8 h3a y2cc2 ff5e fs8 fc7 sc0 ls58 ws47\">Capita </td><td class=\"t m0 x4f9 h3a y2cc2 ff5e fs8 fc7 sc0 ls58 ws47\">Capita </td><td></td></tr><tr><td class=\"t m0 x2d8 h3a y2cc3 ff5e fs8 fc7 sc0 ls58 ws47\">Order book </td><td class=\"t m0 x4fa h3a y2cc3 ff5e fs8 fc7 sc0 ls9 ws1\">Service </td><td class=\"t m0 x4fb h3a y2cc3 ff5e fs8 fc7 sc0 ls58 ws47\">Experience </td><td class=\"t m0 x4fc h3a y2cc3 ff5e fs8 fc7 sc0 ls58 ws47\">Portfolio </td><td class=\"t m0 x4fd h3a y2cc3 ff5e fs8 fc7 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x2d8 h3a y2cc4 ff5e fs8 fc7 sc0 ls58 ws47\">31<span class=\"_ gs234\"> </span>December 2022<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4e8 h3a y2cc4 ff5e fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4fe h3a y2cc4 ff5e fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4e9 h3a y2cc4 ff5e fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y2cc4 ff5e fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2be4 wbb h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls57 ws46\">Long-term contractual<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4eb y2be4 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls57 ws46\">2,916.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ec y2be4 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls57 ws46\">2,465.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ff y2be4 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls57 ws46\">201.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x500 y2be4 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls57 ws46\">5,583.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2cc5 ff5e fs5 fc7 sc0 ls9 ws1\">Short-term contractual<span class=\"_ _2b5\"> </span></td><td class=\"c n x501 y2cc6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls57 ws46\">68.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x502 y2cc6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls57 ws46\">61.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x503 y2cc6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls57 ws46\">91.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x504 y2cc6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls57 ws46\">221.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 wa6 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">Total<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4f3 y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls57 ws46\">2,985.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4f4 y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls57 ws46\">2,526.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x505 y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls57 ws46\">293.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x506 y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls57 ws46\">5,805.2<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs243\">The table below shows the expected timing of revenue to be reco<span class=\"_ _1\"></span>gnised from long-term contractual orders </div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls57 ws46 gs244\">at 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\">: </span></div><div class=\"gs245\"><table class=\"s wc9 h6c\" id=\"_e3a22239-6fe5-4fd8-90ee-9bb2330aac21\"><tr><td></td><td class=\"t m0 x4e2 h3b y2cc7 ff5d fs8 fc7 sc0 ls58 ws47\">Capita </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x4e2 h3b y2cc8 ff5d fs8 fc7 sc0 ls58 ws47\">Public </td><td class=\"t m0 x4e3 h3b y2cc8 ff5d fs8 fc7 sc0 ls58 ws47\">Capita </td><td></td></tr><tr><td class=\"t m0 x2d8 h3b y2cc9 ff5d fs8 fc7 sc0 ls58 ws47\">Time bands of expected revenue recognition from long-term contractual </td><td class=\"t m0 x507 h3b y2cc9 ff5d fs8 fc7 sc0 ls58 ws47\">Service </td><td class=\"t m0 x508 h3b y2cc9 ff5d fs8 fc7 sc0 ls58 ws47\">Experience </td><td class=\"t m0 x4e7 h3b y2cc9 ff5d fs8 fc7 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x2d8 h3b y2cca ff5d fs8 fc7 sc0 ls58 ws47\">orders<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x309 h3b y2cca ff5d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4e9 h3b y2cca ff5d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4ea h3b y2cca ff5d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2ccb wcb h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls9 ws1\">&lt; 1 year<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x509 y2ccb w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">765.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x50a y2ccb w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">574.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x50b y2ccb w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">1,339.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ccc wcc h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls57 ws46\">1\u20135 years<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x50c y2ccc w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">2,155.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x50d y2ccc w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">1,378.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x50e y2ccc w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">3,534.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c50 wcd h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5e fs5 fc7 sc0 ls9 ws1\">&gt; 5 years<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x509 y2c50 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">460.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x50a y2c50 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">158.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x50f y2c50 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5d fs5 fc7 sc0 ls57 ws46\">618.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 wa6 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5d fs5 fc7 sc0 ls57 ws46\">Total<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x510 y2be6 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5d fs5 fc7 sc0 ls57 ws46\">3,381.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x511 y2be6 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5d fs5 fc7 sc0 ls57 ws46\">2,111.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x512 y2be6 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5d fs5 fc7 sc0 ls57 ws46\">5,492.3<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs247\">Prior year comparative information is not presented for the expected timing<span class=\"_ _1\"></span> of revenue recognition because </div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs248\">it is a forward looking disclosure and therefore management does n<span class=\"_ _1\"></span>ot believe that such disclosure provides </div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs249\">meaningful information to a user of the consolidated financial stateme<span class=\"_ _1\"></span>nts.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs24a\">The order book represents the consideration that the Group will b<span class=\"_ _1\"></span>e entitled to receive from customers when </div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs24b\">the Group satisfies its remaining performance obligations under the co<span class=\"_ _1\"></span>ntracts. However, the total revenue </div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs24c\">that will be earned by the Group will also include non-contracted volume<span class=\"_ _1\"></span>tric revenue, future indexation </div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs24d\">linked to an external metric, new wins, scope changes, and anticipated<span class=\"_ _1\"></span> contract extensions. These </div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls57 ws46 gs24e\">elements have been excluded from the above tables because they are not contracted. Addit<span class=\"_ _2a\"></span>ionally, revenue </div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs24f\">from contract extensions is excluded from the order book unless they are p<span class=\"_ _1\"></span>re-priced extensions whereby </div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls57 ws46 gs250\">the Group has a legally binding obligation to deliver the performance obligations dur<span class=\"_ _2a\"></span>ing the extension </div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls57 ws46 gs251\">period. The total revenue related to pre-priced extensions included in the tables above am<span class=\"_ _2a\"></span>ounted to </div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls57 ws46 gs252\">\u00a3513.8m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a3577.0m<span class=\"ls9 ws1\">). The amounts presented do not include orders for which neither p<span class=\"_ _1\"></span>arty has </span></div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs253\">performed, and each party has the unilateral right to terminate a who<span class=\"_ _1\"></span>lly unperformed contract without </div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls57 ws46 gs254\">compensating the other party.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs255\">Of the \u00a35.5 billion (<span class=\"ls57 ws46\">2022</span>: \u00a35.6 billion) revenue to<span class=\"_ _1\"></span> be earned on long-term contracts, \u00a33.4 billion (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a34.2 </span></div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs256\">billion) relates to major contracts. This amount excludes revenue tha<span class=\"_ _1\"></span>t will be derived from frameworks </div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs257\">(transactional \u2018point-in-time\u2019 contracts), non-contracted volumetric revenue, no<span class=\"_ _1\"></span>n-contracted scope changes </div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs258\">and future unforeseen volume changes from these major contracts, wh<span class=\"_ _1\"></span>ich together are anticipated to </div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls57 ws46 gs259\">contribute an additional <span class=\"ls9 ws1\">\u00a30.6 billion (</span>2022<span class=\"ls9 ws1\">: \u00a30.7 billion) of revenue to the Group o<span class=\"_ _1\"></span>ver the life of these </span></div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs25a\">contracts.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs25b\">The Group performs various services for a number of UK Government ministerial de<span class=\"_ _1\"></span>partments and </div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs25c\">considers these individual ministerial departments to be separate custo<span class=\"_ _1\"></span>mers due to the limited economic </div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs25d\">integration between each ministerial department.<span class=\"_ _1\"></span> <span class=\"ls57 ws46\">Revenues of \u00a3319.8m</span> from one customer in the Capita </div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs25e\">Public Service division represented more than 10% of the Group\u2019s total reven<span class=\"_ _1\"></span>ues (<span class=\"ls57 ws46\">2022</span>: no customer </div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs25f\">represented more than 10% of the Group\u2019s total revenues)<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs260\">In February 2024, the Group extended and expanded its co<span class=\"_ _1\"></span>ntract with a major European telecoms provider. </div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs261\">The new contract is based on expected volumes, and therefore tre<span class=\"_ _1\"></span>ated as a framework contract under IFRS </div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs262\">15. As a result, \u00a3365m included in the Capita Experience order boo<span class=\"_ _1\"></span>k at 31 December 2023 relating to the </div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs263\">previous contract has been released. The new contract is expected<span class=\"_ _1\"></span> to be worth up to \u00a3420m to 2030.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff5d fs5 fc6 sc0 ls57 ws46 gs264\">2.2.3 Deferred income<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs265\">The Group\u2019s deferred income balances solely relate to revenue fro<span class=\"_ _1\"></span>m contracts with customers. Revenue </div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls57 ws46 gs266\">recognised in the reporting period that was included in the deferred income balance at t<span class=\"_ _2a\"></span>he beginning of the </div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls57 ws46 gs267\">period was \u00a3599.0m (2022<span class=\"ls9 ws1\">: \u00a3</span>744.2.m).<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs268\">Movements in the deferred income balances were driven by transaction<span class=\"_ _1\"></span>s entered into by the Group in the </div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls9 ws1 gs106\">normal course of business during the current and prior year, other th<span class=\"_ _1\"></span>an the accelerated revenue recognised </div><div class=\"t m0 h38 ff5e fs5 fc7 sc0 ls57 ws46 gs269\">of \u00a39.9m<span class=\"ls9 ws1\"> which primarily relates to an early termination of a contract in Capita Experience<span class=\"_ _1\"></span> (2022: \u00a3<span class=\"ls57 ws46\">nil</span>).<span class=\"_ _2b5\"> </span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRevenueExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-444": {
   "value": "Accounting policies Revenue<span class=\"_ _2b5\"> </span>The Group operates a diverse range of businesses and accord<span class=\"_ _1\"></span>ingly applies a variety of methods for revenue recognition, based on the principles set out in IFRS<span class=\"_ gs15\"> </span>15 <span class=\"_ _1\"></span><span class=\"ff58\">Revenue from Contracts with Customers<span class=\"ff57\">.<span class=\"_ _2b5\"> </span></span></span>The revenue and profits recognised in any period are based on the delivery of performance obligat<span class=\"_ _2a\"></span>ions and an assessment of when control is transferred to the customer.<span class=\"_ _2b5\"> </span>Revenue is recognised either when the performance obligation in<span class=\"_ _1\"></span> the contract has been performed (\u2018point-<span class=\"_ _2b5\"> </span>in-time\u2019 recognition) or \u2018over-time\u2019 as control of the performance obligation<span class=\"_ _1\"></span> is transferred to the customer.<span class=\"_ _2b5\"> </span>For all contracts, the Group determines if the arrangement with a customer cre<span class=\"_ _1\"></span>ates enforceable rights and obligations. This assessment results in certain Master Service Agreements (MSA) or Framewo<span class=\"_ _1\"></span>rks not meeting the definition of a contract under IFRS<span class=\"_ gs15\"> </span>15 and as such the in<span class=\"_ _1\"></span>dividual call-off agreements, linked to the MSA, are treated as individual contracts.<span class=\"_ _2b5\"> </span>The Group enters into contracts which contain extension periods, where<span class=\"_ _1\"></span> either the customer or both parties can choose to extend the contract or there is an automatic annua<span class=\"_ _1\"></span>l renewal, and/or termination clauses that could impact the actual duration of the contract. Judgement is applied<span class=\"_ _1\"></span> to assess the impact that these clauses have when determining the appropriate contract term. The<span class=\"_ _1\"></span> term of the contract impacts both the period over which revenue from performance obligations may be recognised and the period ov<span class=\"_ _2a\"></span>er which non-<span class=\"_ _2b5\"> </span>current contract fulfilment assets and capitalised costs to obtain a contract are e<span class=\"_ _1\"></span>xpensed.<span class=\"_ _2b5\"> </span>For contracts with multiple components to be delivered such as transformatio<span class=\"_ _1\"></span>n, transitions and the delivery of outsourced services, management applies judgement to consider whether those pr<span class=\"_ _2a\"></span>omised goods and services are:<span class=\"_ _2b5\"> </span>(i)<span class=\"_ _42\"> </span>distinct \u2013 to be accounted for as separate performance obligations;<span class=\"_ _2b5\"> </span>(ii)<span class=\"_ _ec\"> </span>not distinct \u2013 to be combined with other promised goods or services until a bundle is identified that is distinct; or,<span class=\"_ _2b5\"> </span>(iii)<span class=\"_ _9\"> </span>part of a series of distinct goods and services that are substantially the same and have the same pattern of transfer to the customer.<span class=\"_ _2b5\"> </span>At a contract\u2019s inception the total transaction price is estimated, being the amo<span class=\"_ _1\"></span>unt to which the Group expects to be entitled and has rights to under the contract. This includ<span class=\"_ _1\"></span>es an assessment of any variable consideration where the Group\u2019s performance may result in additiona<span class=\"_ _1\"></span>l revenues based on the achievement of agreed Key Performance Indicators (KPIs). Such amounts are only included<span class=\"_ _1\"></span> based on the expected value, or the most likely outcome method, and only to the extent that it is high<span class=\"_ _1\"></span>ly probable that no revenue reversal will occur.<span class=\"_ _2b5\"> </span>The transaction price does not include estimates of consideration re<span class=\"_ _1\"></span>sulting from change orders for additional goods and services unless these are already agreed.<span class=\"_ _2b5\"> </span>After the total transaction price is determined, the Group allocates this to the id<span class=\"_ _1\"></span>entified performance obligations in proportion to their relative standalone selling prices a<span class=\"_ _1\"></span>nd recognises revenue when (or while) those performance obligations are satisfied.<span class=\"_ _2b5\"> </span>The Group infrequently sells standard products with observable stan<span class=\"_ _1\"></span>dalone prices due to the specialised services required by customers, consequently the Group applies judge<span class=\"_ _1\"></span>ment to determine an appropriate standalone selling price. More frequently, the Group sells customers besp<span class=\"_ _1\"></span>oke solutions, and in these cases the Group typically uses the expected cost-plus margin or a contractually state<span class=\"_ _1\"></span>d price approach to estimate the standalone selling price of each performance obligation.<span class=\"_ _2b5\"> </span>The Group may offer price step downs during the life of a contract, but with<span class=\"_ _1\"></span> no change to the underlying scope of services to be delivered. In general, any such variable consid<span class=\"_ _1\"></span>eration, price step down or discount is included in the total transaction price to be allocated across all perfo<span class=\"_ _1\"></span>rmance obligations unless it relates to only one performance obligation in a contract.<span class=\"_ _2b5\"> </span>For each performance obligation to be recognised over-time, the Group applies a revenue r<span class=\"_ _2a\"></span>ecognition method that faithfully depicts the Group\u2019s performance in transferring contro<span class=\"_ _1\"></span>l of the goods or services to the customer. This decision requires assessment of the real nature of the go<span class=\"_ _1\"></span>ods or services that the Group has promised to transfer to the customer. The Group applies the relevant o<span class=\"_ _1\"></span>utput or input method consistently to similar performance obligations in other contracts.<span class=\"_ _2b5\"> </span>When using the output method, the Group recognises revenue<span class=\"_ _1\"></span> on the basis of direct measurements of the value to the customer of the goods and services transferred to date re<span class=\"_ _1\"></span>lative to the remaining goods and services under the contract. This is a faithful depiction of the transfer of services sin<span class=\"_ _1\"></span>ce the service delivered to the customer is unchanged. Where the output method is used, in p<span class=\"_ _1\"></span>articular for long-term service contracts where the series guidance is applied, the Group often use<span class=\"_ _1\"></span>s a method of time elapsed which requires minimal estimation. Certain long-term contracts use output methods b<span class=\"_ _1\"></span>ased upon estimations of: user numbers; service activity levels; or fees collected.<span class=\"_ _2b5\"> </span>When transfer of control is most closely aligned to Group efforts in delivering the<span class=\"_ _1\"></span> service, the input method is used to measure progress and revenue is recognised in direct prop<span class=\"_ _1\"></span>ortion to costs incurred. This is a faithful depiction of the transfer of services because costs (or other inputs) mo<span class=\"_ _1\"></span>st accurately reflect the incremental benefits received by the customer from efforts to date.<span class=\"_ _2b5\"> </span>If performance obligations in a contract do not meet the over-time criteria, the<span class=\"_ _1\"></span> Group recognises revenue at a point-in-time when the service or good is delivered.<span class=\"_ _2b5\"> </span>Contract modifications<span class=\"_ _2b5\"> </span>The Group\u2019s contracts are often amended for changes in contract sp<span class=\"_ _1\"></span>ecifications and requirements. Contract modifications exist when the amendment either creates new, or change<span class=\"_ _1\"></span>s existing, enforceable rights and obligations. The effect of a contract modification on the transaction price<span class=\"_ _1\"></span> and the Group\u2019s measure of progress for the performance obligation to which it relates, is recognised<span class=\"_ _1\"></span> as an adjustment to revenue in one of the following ways:<span class=\"_ _2b5\"> </span>a)<span class=\"_ _42\"> </span><span class=\"ls9 ws1\">prospectively as an additional performance obligation (this is typically when new distinct goods or </span>services are provided on an existing contact);<span class=\"_ _2b5\"> </span>b)<span class=\"_ _42\"> </span><span class=\"ls9 ws1\">prospectively as a termination of the existing contract and creation of a new contract;<span class=\"_ _2b5\"> </span></span>c)<span class=\"_ _18d\"> </span>as part of the orig<span class=\"_ _1\"></span>inal contract using a cumulative catch up (this is typically where the modification changes the services provided to date); or,<span class=\"_ _2b5\"> </span>d)<span class=\"_ _42\"> </span><span class=\"ls9 ws1\">as a combination of (b) and (c).<span class=\"_ _2b5\"> </span></span>In respect of contracts for which the Group has decided there is a series of d<span class=\"_ _1\"></span>istinct goods and services that are substantially the same and have the same pattern of transfer where<span class=\"_ _1\"></span> revenue is recognised over-time, the modification will always be treated under either (a) or (b); (d) may arise whe<span class=\"_ _1\"></span>n a contract has a part-<span class=\"_ _2b5\"> </span>termination and a modification of the remaining performance oblig<span class=\"_ _1\"></span>ations.<span class=\"_ _2b5\"> </span>Judgement is applied in relation to the accounting for such modificatio<span class=\"_ _1\"></span>ns where the final terms or legal contracts have not been agreed prior to the period end because management needs to determine if a modification has been approved and if it either creates new, or cha<span class=\"_ _1\"></span>nges existing, enforceable rights and obligations of the parties. Depending upon the outcome of such negotiations, the timi<span class=\"_ _2a\"></span>ng and amount of revenue recognised may be different in the relevant accounting p<span class=\"_ _1\"></span>eriods. Modification and amendments to contracts are undertaken through an agreed formal process. For example, if a change i<span class=\"_ _2a\"></span>n scope has been approved but the corresponding change in price is still being negotiated, management uses <span class=\"_ _2a\"></span>judgement to estimate the change in total transaction price. Importantly, any variable con<span class=\"_ _1\"></span>sideration is only recognised to the extent that it is highly probable that no revenue reversal will occur. F<span class=\"_ _1\"></span>or example, if pricing is subject to indexation based on an external metric (such as the Consumer Price Inde<span class=\"_ _1\"></span>x (CPI) or the Retail Price Index (RPI)) then the revenue related to the indexation will only be recogn<span class=\"_ _1\"></span>ised once the relevant indexation is confirmed. Future indexation will not be recognised because it is not h<span class=\"_ _1\"></span>ighly probable that a significant reversal of an indexation adjustment will not occur.<span class=\"_ _2b5\"> </span>Principal versus agent<span class=\"_ _2b5\"> </span>The Group has arrangements with some of its customers whereby it needs to<span class=\"_ _1\"></span> determine if it acts as a principal or an agent because more than one party is involved in<span class=\"_ _1\"></span> providing the goods and services to the customer. The Group is a principal if it controls a promised good or service be<span class=\"_ _1\"></span>fore transferring that good or service to the customer. The Group is an agent if its role is to arrange for an<span class=\"_ _1\"></span>other entity to provide the goods or services. Factors considered in making this assessment are most notab<span class=\"_ _1\"></span>ly: the discretion the Group has in establishing the price for the specified good or service; whe<span class=\"_ _1\"></span>ther the Group has inventory risk; and whether or not the Group is primarily responsible for fulfilling the pro<span class=\"_ _1\"></span>mise to deliver the service or good.<span class=\"_ _2b5\"> </span>This assessment of control requires judgement particularly in relation to ce<span class=\"_ _1\"></span>rtain service contracts. An example is the provision of certain recruitment and learning services where<span class=\"_ _1\"></span> the Group may be assessed to be agent or principal dependent upon the facts and circumstances of the arrangement and the nature of<span class=\"_ _2a\"></span> the services being delivered.<span class=\"_ _2b5\"> </span>Where the Group is acting as a principal, revenue is recorded on a gro<span class=\"_ _1\"></span>ss basis. Where the Group is acting as an agent, revenue is recorded on a net basis, recognising o<span class=\"_ _1\"></span>nly the commission or fee earned as revenue.<span class=\"_ _2b5\"> </span>Licences<span class=\"_ _2b5\"> </span>Software licences delivered by the Group can either be right to access (active<span class=\"_ _1\"></span>) or right to use (passive) licences, which determines the timing of revenue recognition. The asse<span class=\"_ _1\"></span>ssment of whether a licence is active or passive involves judgement.<span class=\"_ _2b5\"> </span>The key determinant of an active licence is whether or not the Group is re<span class=\"_ _1\"></span>quired to undertake continuing activities that significantly affect the licensed intellectual property (or the custome<span class=\"_ _1\"></span>r has a reasonable expectation that it will do so) and the customer is, therefore, exposed to po<span class=\"_ _1\"></span>sitive (or negative) impacts resulting from those changes. Where the Group is responsible for any ma<span class=\"_ _1\"></span>intenance, continuing support, updates and upgrades, then the sale of the initial software is not d<span class=\"_ _1\"></span>istinct. All other licences which have significant standalone functionality are treated as passive licences.<span class=\"_ _2b5\"> </span>When software upgrades are sold as part of the software licence agre<span class=\"_ _1\"></span>ement (ie software upgrades are promised to the customer), the Group applies judgement to assess wheth<span class=\"_ _1\"></span>er the software upgrades are distinct from the licence (ie a separate performance obligation). If the upg<span class=\"_ _1\"></span>rades are considered fundamental to the ongoing use of the software by the customer, the upgrade<span class=\"_ _1\"></span>s are not considered distinct and not accounted for as a separate performance obligation.<span class=\"_ _2b5\"> </span>For each contract that includes a separate licence performance ob<span class=\"_ _1\"></span>ligation, the Group considers all the facts and circumstances in determining whether the licence revenue is recog<span class=\"_ _1\"></span>nised over-time (active) or at a point-<span class=\"_ _2b5\"> </span>in-time (passive) from the go-live date of the licence.<span class=\"_ _2b5\"> </span>Deferred and accrued income<span class=\"_ _2b5\"> </span>The Group\u2019s customer contracts include a diverse range of payment schedules dependent<span class=\"_ _2a\"></span> upon the nature and type of goods and/or services being provided. This can include performance-based pay<span class=\"_ _2a\"></span>ments or progress payments as well as regular monthly or quarterly payments for ong<span class=\"_ _1\"></span>oing service delivery. Payments for transactional goods and services may be at delivery date, in arrears o<span class=\"_ _1\"></span>r part payment in advance. The long-term service contracts tend to have higher cash flows early in the contra<span class=\"_ _1\"></span>ct to cover transformational activities.<span class=\"_ _2b5\"> </span>Where payments received are greater than the revenue recognised up to the balance sheet date, the G<span class=\"_ _2a\"></span>roup recognises a deferred income contract liability for this difference. Where pa<span class=\"_ _1\"></span>yments received are less than the revenue recognised up to the balance sheet date, the Group recognises an accrued contract i<span class=\"_ _2a\"></span>ncome asset for this difference.<span class=\"_ _2b5\"> </span>At each balance sheet date, the Group assesses whether there is any in<span class=\"_ _1\"></span>dication that accrued contract income assets may be impaired by considering whether or not any revenu<span class=\"_ _1\"></span>e reversal could occur. Where an indicator of impairment exists, the Group makes a formal estimate of the asset\u2019s recove<span class=\"_ _1\"></span>rable amount. Where the carrying amount of an asset exceeds its recoverable amoun<span class=\"_ _1\"></span>t, the asset is considered impaired and is written down to its recoverable amount.<span class=\"_ _2b5\"> </span>Contract types<span class=\"_ _2b5\"> </span>The Group disaggregates revenue from contracts with customers by contra<span class=\"_ _1\"></span>ct type, because management believe this best depicts how the nature, amount, timing, and uncerta<span class=\"_ _1\"></span>inty of the Group\u2019s revenue and cash flows are affected by economic factors. Categories are: long-term contractual \u2013 g<span class=\"_ _1\"></span>reater than two years; short-term contractual \u2013 less than two years; and transactional. The years b<span class=\"_ _1\"></span>eing measured from the service commencement date.<span class=\"_ _2b5\"> </span>Long-term contractual \u2013 greater than two years<span class=\"_ _2b5\"> </span>The Group provides a range of services under contracts with a duration<span class=\"_ _1\"></span> of more than two years. The nature of contracts or performance obligations within this revenue type includes:<span class=\"_ _2b5\"> </span>(i)<span class=\"_ _42\"> </span>long-term outsourced service arrangements in the public and private sectors; and<span class=\"_ _2b5\"> </span>(ii)<span class=\"_ _ec\"> </span>active software licence arrangements.<span class=\"_ _2b5\"> </span>The majority of long-term contractual agreements form part of a series of distin<span class=\"_ _1\"></span>ct goods and services because they are substantially the same service; and have the same p<span class=\"_ _1\"></span>attern of transfer, since the series constitutes services provided in distinct time increments (eg daily, monthly, quarterly o<span class=\"_ _1\"></span>r annually), and therefore treats the series as one performance obligation.<span class=\"_ _2b5\"> </span>Short-term contractual \u2013 less than two years<span class=\"_ _2b5\"> </span>The nature of contracts or performance obligations within this revenu<span class=\"_ _1\"></span>e type includes:<span class=\"_ _2b5\"> </span>(i)<span class=\"_ _42\"> </span>short-term outsourced service arrangements in the public and private sectors; and<span class=\"_ _2b5\"> </span>(ii)<span class=\"_ _ec\"> </span>software maintenance contracts.<span class=\"_ _2b5\"> </span>The Group has assessed that maintenance and support (ie on<span class=\"_ _1\"></span>-call support, remote support) for software licences is a performance obligation that can be considered capa<span class=\"_ _1\"></span>ble of being distinct and separately identifiable in a contract if the customer has a passive licence. These recu<span class=\"_ _1\"></span>rring services are substantially the same because the nature of the promise is for the Group to \u2018stand re<span class=\"_ _1\"></span>ady\u2019 to perform maintenance and support when required by the customer. Each day of \u2018standing ready\u2019 is d<span class=\"_ _1\"></span>istinct from each subsequent day and is transferred in the same pattern to the customer.<span class=\"_ _2b5\"> </span>Transactional (point-in-time) contracts<span class=\"_ _2b5\"> </span>The Group delivers a range of goods or services in all reportable se<span class=\"_ _1\"></span>gments that are transactional services for which revenue is recognised at the point-in-time when control of the g<span class=\"_ _1\"></span>oods or services has transferred to the customer. This may be at the point of physical delivery of goods or service<span class=\"_ _1\"></span>s and acceptance by the customer or when the customer obtains control of an asset or service in a contra<span class=\"_ _1\"></span>ct with customer-specified acceptance criteria.<span class=\"_ _2b5\"> </span>The nature of contracts or performance obligations within this revenu<span class=\"_ _1\"></span>e type includes:<span class=\"_ _2b5\"> </span>(i)<span class=\"_ _42\"> </span><span class=\"ls57 ws46\">provision of computing hardware goods;<span class=\"_ _2b5\"> </span></span>(ii)<span class=\"_ _ec\"> </span>passive software licence agreements; (iii)<span class=\"_ _9\"> </span>commission received as agent from the sale of third-party software; and<span class=\"_ _2b5\"> </span>(iv)<span class=\"_ _a\"> </span>fees received in relation to the delivery of professional services.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForRecognitionOfRevenue",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-546": {
   "value": "<div class=\"t m0 h39 ff5b fs5 fc6 sc0 ls57 ws46 gs224\">2.2.1 Segmental revenue<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5c fs5 fc7 sc0 ls9 ws1 gs225\">The Group\u2019s operations are managed separately according to<span class=\"_ _1\"></span> the nature of the services provided, with each </div><div class=\"t m0 h38 ff5c fs5 fc7 sc0 ls9 ws1 gs226\">segment representing a strategic business division offering a different p<span class=\"_ _1\"></span>ackage of client services across the </div><div class=\"t m0 h38 ff5c fs5 fc7 sc0 ls9 ws1 gs227\">markets the Group serves. Capita plc is a reconciling item and not an opera<span class=\"_ _1\"></span>ting segment. A description of </div><div class=\"t m0 h38 ff5c fs5 fc7 sc0 ls9 ws1 gs228\">the service provision for each segment can be found in the strategic re<span class=\"_ _1\"></span>port <span class=\"ls57 ws46\">on pages 14 to 21.</span> Inter-<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5c fs5 fc7 sc0 ls57 ws46 gs229\">segment<span class=\"ls9 ws1\">al pricing is based on set criteria and is either charged on an arm's length<span class=\"_ _1\"></span> basis or at cost.<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ff5c fs5 fc7 sc0 ls9 ws1 gs22a\">The tables below present revenue for the Group\u2019s business segme<span class=\"_ _1\"></span>nts as reported to the Chief Opera<span class=\"ls57 ws46\">ting </span></div><div class=\"t m0 h38 ff5c fs5 fc7 sc0 ls9 ws1 gs22b\">Decision Maker. The Group now comprises two divisions - Capita Public Service and Ca<span class=\"_ _1\"></span>pita Experience - </div><div class=\"t m0 h38 ff5c fs5 fc7 sc0 ls9 ws1 gs22c\">following the completion of the Group\u2019s exit of the non-core businesses in<span class=\"_ _1\"></span> the Capita Portfolio division. </div><div class=\"t m0 h38 ff5c fs5 fc7 sc0 ls9 ws1 gs22d\">Comparative information has been re-presented to reflect businesse<span class=\"_ _1\"></span>s exited during <span class=\"ls57 ws46\">2023</span>, and accordingly </div><div class=\"t m0 h38 ff5c fs5 fc7 sc0 ls9 ws1 gs22e\">the Capita Portfolio division is no longer disclose<span class=\"_ _1\"></span>d as a division. Comparative information has also been re-<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5c fs5 fc7 sc0 ls9 ws1 gs22f\">presented to reflect the move of businesses between segments during<span class=\"_ _1\"></span> 2023 to enable comparability.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff5c fs5 fc7 sc0 ls9 ws1 gs230\">Adjusted revenue, excluding results from businesses exited in both years (a<span class=\"_ _1\"></span>djusting items), was <span class=\"ls57 ws46\">\u00a32,642.1m</span> </div><div class=\"t m0 h38 ff5c fs5 fc7 sc0 ls9 ws1 gs231\">(<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a32,609.0m</span>), an increase of <span class=\"ls57 ws46\">1.3%</span> (<span class=\"ls57 ws46\">2022</span>: increase <span class=\"ls57 ws46\">1.7%</span>).<span class=\"_ _2b5\"> </span></div><table class=\"s wb8 h66\" id=\"_f12e3f9a-1569-4bd9-8581-3a401b13d4e8\"><tr><td></td><td></td><td class=\"t m0 x483 h3b y2c9c ff5b fs8 fc7 sc0 ls58 ws47\">Capita </td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x484 h3b y2c9d ff5b fs8 fc7 sc0 ls58 ws47\">Public </td><td class=\"t m0 x485 h3b y2c9d ff5b fs8 fc7 sc0 ls58 ws47\">Capita </td><td class=\"t m0 x486 h3b y2c9d ff5b fs8 fc7 sc0 ls58 ws47\">Total </td><td class=\"t m0 x487 h3b y2c9d ff5b fs8 fc7 sc0 ls58 ws47\">Adjusting </td><td class=\"t m0 x488 h3b y2c9d ff5b fs8 fc7 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x349 h3a y2c9e ff5c fs8 fc7 sc0 ls58 ws47\">Year ended </td><td></td><td class=\"t m0 x489 h3b y2c9e ff5b fs8 fc7 sc0 ls58 ws47\">Service </td><td class=\"t m0 x48a h3b y2c9e ff5b fs8 fc7 sc0 ls58 ws47\">Experience </td><td class=\"t m0 x48b h3b y2c9e ff5b fs8 fc7 sc0 ls58 ws47\">adjusted </td><td class=\"t m0 x48c h3b y2c9e ff5b fs8 fc7 sc0 ls58 ws47\">items </td><td class=\"t m0 x48d h3b y2c9e ff5b fs8 fc7 sc0 ls58 ws47\">reported </td></tr><tr><td class=\"c n x2be y2ca0 wb9 h67\"><div class=\"t m0 x2bd h3a y2c9f ff5c fs8 fc7 sc0 ls58 ws47\">31<span class=\"_ gs234\"> </span>December 2023<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x48e y2ca0 wba h67\"><div class=\"t m0 x2bd h3a y2c9f ff5c fs8 fc7 sc0 ls58 ws47\">Notes<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 x48f h3b y2ca1 ff5b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x490 h3b y2ca1 ff5b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x491 h3b y2ca1 ff5b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x492 h3b y2ca1 ff5b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3b y2ca1 ff5b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h39 y2ca2 ff5b fs5 fc7 sc0 ls57 ws46\">Continuing operations<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2ca3 wbb h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">Long-term contractual<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x493 y2ca3 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">1,206.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x494 y2ca3 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">875.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x495 y2ca3 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">2,082.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x496 y2ca3 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">21.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x497 y2ca3 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">2,104.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ca4 wbc h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls9 ws1\">Short-term contractual<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x498 y2ca4 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">195.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x499 y2ca4 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">288.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x49a y2ca4 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">484.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x49b y2ca4 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">19.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x49c y2ca4 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">503.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ca5 wbd h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls9 ws1\">Transactional (point-in-time)<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x49d y2ca5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">56.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x49e y2ca5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">19.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x49f y2ca5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">75.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a0 y2ca5 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">131.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a1 y2ca5 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">207.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ca6 wbe h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">Total segment revenue<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4a2 y2ca6 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">1,458.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a3 y2ca6 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">1,183.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a4 y2ca6 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">2,642.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a5 y2ca6 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">172.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a6 y2ca6 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">2,814.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ca7 wbf h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">Trading revenue<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4a7 y2ca7 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">1,507.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a8 y2ca7 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">1,221.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a9 y2ca7 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">2,729.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4aa y2ca7 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">194.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ab y2ca7 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">2,924.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ca8 wc0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">Inter-segment revenue<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4ac y2ca8 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">(49.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ad y2ca8 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">(38.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ae y2ca8 w89 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">(<span class=\"_ _2a\"></span>87.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4af y2ca8 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">(21.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b0 y2ca8 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">(109.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ca9 wc1 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">Total adjusted segment revenue<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4b1 y2ca9 wc2 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">1,<span class=\"_ _2a\"></span>458.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b2 y2ca9 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">1,183.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b3 y2ca9 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">2,642.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b4 y2ca9 w32 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b5 y2ca9 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">2,642.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2caa wc3 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls9 ws1\">Business exits \u2013 trading<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b6 y2caa w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">2.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b7 y2caa w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b8 y2caa w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b9 y2caa w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ba y2caa w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">172.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x32e y2caa w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">172.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cab wbe h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">Total segment revenue<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4a2 y2cab w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">1,458.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a3 y2cab w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">1,183.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a4 y2cab w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">2,642.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a5 y2cab w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">172.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a6 y2cab w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff5b fs5 fc7 sc0 ls57 ws46\">2,814.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h3a y2cac ff5c fs8 fc7 sc0 ls58 ws47\">Year ended </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x349 h3a y2cad ff5c fs8 fc7 sc0 ls58 ws47\">31<span class=\"_ gs234\"> </span>December 2022<span class=\"ls9 ws1\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x349 h38 y2cae ff5c fs5 fc7 sc0 ls57 ws46\">Continuing operations<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2caf wbb h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">Long-term contractual<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4bb y2caf w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">1,166.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4bc y2caf w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">987.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4bd y2caf w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">2,154.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4be y2caf w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">81.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4bf y2caf w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">2,236.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cb0 wbc h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls9 ws1\">Short-term contractual<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x498 y2cb0 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">236.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x499 y2cb0 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">150.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x49a y2cb0 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">387.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c0 y2cb0 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">107.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c1 y2cb0 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">494.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cb1 wbd h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls9 ws1\">Transactional (point-in-time)<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x49d y2cb1 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">51.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x49e y2cb1 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">16.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x49f y2cb1 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">67.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a0 y2cb1 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">216.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a1 y2cb1 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">283.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cb2 wc4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">Total segment revenue<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4bb y2cb2 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">1,454.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c2 y2cb2 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">1,154.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c3 y2cb2 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">2,609.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ba y2cb2 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">405.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c4 y2cb2 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">3,014.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cb3 wbf h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">Trading revenue<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4a7 y2cb3 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">1,497.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a8 y2cb3 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">1,194.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a9 y2cb3 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">2,691.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4aa y2cb3 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">490.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ab y2cb3 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">3,181.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cb4 wc0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">Inter-segment revenue<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4ac y2cb4 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">(42.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ad y2cb4 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">(40.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ae y2cb4 w89 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">(<span class=\"_ _2a\"></span>82.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4af y2cb4 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">(84.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b0 y2cb4 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">(166.8)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be4 wc5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">Total adjusted segment revenue<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4a7 y2be4 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">1,454.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a8 y2be4 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">1,154.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a9 y2be4 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">2,609.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c5 y2be4 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c6 y2be4 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">2,609.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be5 wc3 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls9 ws1\">Business exits \u2013 trading<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b6 y2be5 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">2.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b7 y2be5 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b8 y2be5 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4b9 y2be5 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ba y2be5 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">405.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x32e y2be5 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">405.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 wc4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">Total segment revenue<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4bb y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">1,454.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c2 y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">1,154.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c3 y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">2,609.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4ba y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">405.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c4 y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">3,014.6<span class=\"_ _2b5\"> </span></div></td></tr></table>Geographical location<span class=\"_ _2b5\"> </span>The Group generates revenue largely in the UK and Europe. The table below presents revenue by geographical location.<span class=\"_ _2b5\"> </span><table class=\"s wc6 h68\" id=\"_3d09b6ef-713d-47d3-bfd9-7f058aa3c692\"><tr><td></td><td></td><td></td><td></td><td class=\"c n x4c7 y2cb5 wc7 h69\"><div class=\"t m0 x2bd h3a y2c9f ff5b fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x4c8 y2cb5 wc7 h67\"><div class=\"t m0 x2bd h3a y2c9f ff5c fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x4c9 h3b y2cb6 ff5b fs8 fc7 sc0 ls58 ws47\">United </td><td></td><td></td><td></td><td class=\"t m0 x4ca h3a y2cb7 ff5c fs8 fc7 sc0 ls58 ws47\">United </td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x4cb h3b y2cb8 ff5b fs8 fc7 sc0 ls58 ws47\">Kingdom </td><td class=\"t m0 x4cc h3b y2cb8 ff5b fs8 fc7 sc0 ls58 ws47\">Europe </td><td class=\"t m0 x4cd h3b y2cb8 ff5b fs8 fc7 sc0 ls58 ws47\">Other </td><td class=\"t m0 x4ce h3b y2cb8 ff5b fs8 fc7 sc0 ls58 ws47\">Total </td><td class=\"t m0 x4cf h3a y2cb9 ff5c fs8 fc7 sc0 ls58 ws47\">Kingdom </td><td class=\"t m0 x4d0 h3a y2cb9 ff5c fs8 fc7 sc0 ls58 ws47\">Europe </td><td class=\"t m0 x4d1 h3a y2cb9 ff5c fs8 fc7 sc0 ls58 ws47\">Other </td><td class=\"t m0 x345 h3a y2cb9 ff5c fs8 fc7 sc0 ls58 ws47\">Total </td></tr><tr><td></td><td class=\"t m0 x4d2 h3b y2cba ff5b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d3 h3b y2cba ff5b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d4 h3b y2cba ff5b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d5 h3b y2cba ff5b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d6 h3a y2cba ff5c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d7 h3a y2cba ff5c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d8 h3a y2cba ff5c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2cba ff5c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2be6 wc8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">Revenue<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4d9 y2be6 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">2,526.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4da y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">282.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4db y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">6.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4dc y2be6 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5b fs5 fc7 sc0 ls57 ws46\">2,814.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4dd y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">2,731.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4de y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">270.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4df y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">12.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4e0 y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff5c fs5 fc7 sc0 ls57 ws46\">3,014.6<span class=\"_ _2b5\"> </span></div></td></tr></table><div class=\"t m0 h37 ff64 fs3 fc6 sc0 ls9 ws1 gs2ae\">2.5 Segmental information<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff65 fs5 fc7 sc0 ls9 ws1 gs2af\">The Group\u2019s operations are managed separately according to<span class=\"_ _1\"></span> the nature of the services provided, with each segment representing a strategic business division offering a different package o<span class=\"_ _1\"></span>f client outcomes across the </div><div class=\"t m0 h38 ff65 fs5 fc7 sc0 ls9 ws1 gs2b0\">markets the Group serves. Capita plc is a reconciling item and not an opera<span class=\"_ _1\"></span>ting segment. A description of the services provided by each segment can be found in the strategic report on pages 14 to 21<span class=\"_ _1\"></span>. The tables below </div><div class=\"t m0 h38 ff65 fs5 fc7 sc0 ls9 ws1 gs2b1\">present profit for the Group\u2019s business segments. The Group now comprise<span class=\"_ _1\"></span>s two divisions - Capita Public Service and Capita Experience - following the completion of the Group\u2019s exit of the non-core businesses in the<span class=\"_ _1\"></span> </div><div class=\"t m0 h38 ff65 fs5 fc7 sc0 ls9 ws1 gs2b2\">Capita Portfolio division. For segmental reporting, the costs of the central fu<span class=\"_ _1\"></span>nctions have been allocated to the segments using appropriate drivers such as adjusted revenue, adjusted profit or he<span class=\"_ _1\"></span>adcount. Comparative </div><div class=\"t m0 h38 ff65 fs5 fc7 sc0 ls9 ws1 gs2b3\">information has been re-presented to reflect businesses exited du<span class=\"_ _1\"></span>ring <span class=\"ls57 ws46\">2023</span>, and accordingly the Capita Portfolio division is now not disclosed as a division, and central fu<span class=\"_ _1\"></span>nctions\u2019 costs that were allocated to Capita </div><div class=\"t m0 h38 ff65 fs5 fc7 sc0 ls9 ws1 gs2b4\">Portfolio have been reallocated to the Capita plc segment. Compara<span class=\"_ _1\"></span>tive information has also be re-presented to reflect the move of businesses between segments during <span class=\"_ _1\"></span><span class=\"ls57 ws46\">2023<span class=\"ls9 ws1\"> to enable comparability. Information on </span></span></div><div class=\"t m0 h38 ff65 fs5 fc7 sc0 ls57 ws46 gs2b5\">segmental revenue can be found in note<span class=\"_ gs15\"> </span>2.2.<span class=\"_ _2b5\"> </span></div><div class=\"gs2b6\"><table class=\"s web h70\" id=\"_24ba8d3a-c66c-4b46-9a48-bcb94f465aa9\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x564 y2cf8 wec h69\"><div class=\"t m0 x2bd h3a y2c9f ff64 fs8 fc7 sc0 ls58 ws47\">Year ended 31<span class=\"_ gs234\"> </span>December 2023<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x565 y2cf8 wed h67\"><div class=\"t m0 x2bd h3a y2c9f ff65 fs8 fc7 sc0 ls58 ws47\">Year ended 31<span class=\"_ gs234\"> </span>December 2022<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m0 x566 h3b y2cf9 ff64 fs8 fc7 sc0 ls58 ws47\">Capita </td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x567 h3a y2cf9 ff65 fs8 fc7 sc0 ls58 ws47\">Capita </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x568 h3b y2cfa ff64 fs8 fc7 sc0 ls58 ws47\">Public </td><td class=\"t m0 x569 h3b y2cfa ff64 fs8 fc7 sc0 ls58 ws47\">Capita </td><td class=\"t m0 x56a h3b y2cfa ff64 fs8 fc7 sc0 ls58 ws47\">Capita </td><td class=\"t m0 x56b h3b y2cfa ff64 fs8 fc7 sc0 ls58 ws47\">Total </td><td class=\"t m0 x56c h3b y2cfa ff64 fs8 fc7 sc0 ls58 ws47\">Adjusting </td><td class=\"t m0 x56d h3b y2cfa ff64 fs8 fc7 sc0 ls58 ws47\">Total </td><td class=\"t m0 x56e h3a y2cfa ff65 fs8 fc7 sc0 ls9 ws1\">Public </td><td class=\"t m0 x56f h3a y2cfa ff65 fs8 fc7 sc0 ls58 ws47\">Capita </td><td class=\"t m0 x570 h3a y2cfa ff65 fs8 fc7 sc0 ls58 ws47\">Capita </td><td class=\"t m0 x571 h3a y2cfa ff65 fs8 fc7 sc0 ls58 ws47\">Total </td><td class=\"t m0 x572 h3a y2cfa ff65 fs8 fc7 sc0 ls58 ws47\">Adjusting </td><td class=\"t m0 x2b9 h3a y2cfa ff65 fs8 fc7 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x2d8 h3b y2cfb ff64 fs8 fc7 sc0 ls58 ws47\">Year ended </td><td></td><td class=\"t m0 x573 h3b y2cfb ff64 fs8 fc7 sc0 ls58 ws47\">Service </td><td class=\"t m0 x574 h3b y2cfb ff64 fs8 fc7 sc0 ls58 ws47\">Experience </td><td class=\"t m0 x575 h3b y2cfb ff64 fs8 fc7 sc0 ls58 ws47\">plc </td><td class=\"t m0 x576 h3b y2cfb ff64 fs8 fc7 sc0 ls58 ws47\">adjusted </td><td class=\"t m0 x577 h3b y2cfb ff64 fs8 fc7 sc0 ls58 ws47\">items </td><td class=\"t m0 x376 h3b y2cfb ff64 fs8 fc7 sc0 ls58 ws47\">reported </td><td class=\"t m0 x578 h3a y2cfb ff65 fs8 fc7 sc0 ls9 ws1\">Service </td><td class=\"t m0 x579 h3a y2cfb ff65 fs8 fc7 sc0 ls58 ws47\">Experience </td><td class=\"t m0 x57a h3a y2cfb ff65 fs8 fc7 sc0 ls9 ws1\">plc </td><td class=\"t m0 x57b h3a y2cfb ff65 fs8 fc7 sc0 ls58 ws47\">adjusted </td><td class=\"t m0 x57c h3a y2cfb ff65 fs8 fc7 sc0 ls58 ws47\">items </td><td class=\"t m0 x57d h3a y2cfb ff65 fs8 fc7 sc0 ls58 ws47\">reported </td></tr><tr><td class=\"c n x2be y2cfc wee h69\"><div class=\"t m0 x2bd h3a y2c9f ff64 fs8 fc7 sc0 ls58 ws47\">31<span class=\"_ gs234\"> </span>December 2023<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x57e y2cfc wba h67\"><div class=\"t m0 x2bd h3a y2c9f ff65 fs8 fc7 sc0 ls58 ws47\">Notes</div></td><td class=\"t m0 x57f h3b y2cfd ff64 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x580 h3b y2cfd ff64 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x575 h3b y2cfd ff64 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x581 h3b y2cfd ff64 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x582 h3b y2cfd ff64 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x583 h3b y2cfd ff64 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x584 h3a y2cfd ff65 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x585 h3a y2cfd ff65 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x586 h3a y2cfd ff65 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x587 h3a y2cfd ff65 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x588 h3a y2cfd ff65 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x383 h3a y2cfd ff65 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h38 y2cfe ff65 fs5 fc7 sc0 ls57 ws46\">Adjusted operating profit<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x589 h38 y2cff ff65 fs5 fc7 sc0 ls57 ws46\">2.4<span class=\"_ _2b5\"> </span></td><td class=\"c n x58a y2d00 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">89.3</div></td><td class=\"c n x58b y2d00 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">50.9</div></td><td class=\"c n x58c y2d00 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">(33.7)</div></td><td class=\"c n x58d y2d00 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">106.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x58e y2d00 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x58f y2d00 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">106.5</div></td><td class=\"c n x590 y2d00 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">93.7</div></td><td class=\"c n x591 y2d00 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">35.7</div></td><td class=\"c n x592 y2d00 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">(51.4)</div></td><td class=\"c n x593 y2d00 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">78.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x594 y2d00 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x595 y2d00 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">78.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2d01 ff65 fs5 fc7 sc0 ls9 ws1\">Cost reduction programme<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x589 h38 y2d02 ff65 fs5 fc7 sc0 ls57 ws46\">2.4<span class=\"_ _2b5\"> </span></td><td class=\"c n x596 y2d03 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls9 ws1\">(7.0)</div></td><td class=\"c n x597 y2d03 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">(37.3)</div></td><td class=\"c n x598 y2d03 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">(10.1)</div></td><td class=\"c n x599 y2d03 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x59a y2d03 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">(54.4)</div></td><td class=\"c n x59b y2d03 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">(54.4)</div></td><td class=\"c n x59c y2d03 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x59d y2d03 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x59e y2d03 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x59f y2d03 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x5a0 y2d03 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x5a1 y2d03 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2d04 ff65 fs5 fc7 sc0 ls9 ws1\">Business exits \u2013 trading<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x589 h38 y2d05 ff65 fs5 fc7 sc0 ls57 ws46\">2.8<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td class=\"c n x5a2 y2d06 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls9 ws1\">(3.4)</div></td><td class=\"c n x5a3 y2d06 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls9 ws1\">(3.4)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x5a4 y2d06 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">39.7</div></td><td class=\"c n x5a5 y2d06 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">39.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d07 wef h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">Total trading result<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x5a6 y2d07 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">82.3</div></td><td class=\"c n x5a7 y2d07 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">13.6</div></td><td class=\"c n x5a8 y2d07 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">(43.8)</div></td><td class=\"c n x5a9 y2d07 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">106.5</div></td><td class=\"c n x5aa y2d07 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">(57.8)</div></td><td class=\"c n x5ab y2d07 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">48.7</div></td><td class=\"c n x5ac y2d07 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">93.7</div></td><td class=\"c n x5ad y2d07 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">35.7</div></td><td class=\"c n x5ae y2d07 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">(51.4)</div></td><td class=\"c n x5af y2d07 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">78.0</div></td><td class=\"c n x5b0 y2d07 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">39.7</div></td><td class=\"c n x5b1 y2d07 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">117.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2d08 ff65 fs5 fc7 sc0 ls9 ws1\">Non-trading items:<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x5b2 h38 y2d09 ff65 fs5 fc7 sc0 ls9 ws1\">Business exits \u2013 non-trading<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x589 h38 y2d0a ff65 fs5 fc7 sc0 ls57 ws46\">2.8<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td class=\"c n x5b3 y2d0b w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x5b4 y2d0b w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">(33.0)</div></td><td class=\"c n x5b5 y2d0b w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">(33.0)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x5b6 y2d0b w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x5b7 y2d0b w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">(23.2)</div></td><td class=\"c n x5b8 y2d0b w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">(23.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x5b2 h38 y2d0c ff65 fs5 fc7 sc0 ls9 ws1\">Other adjusting items<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x589 h38 y2d0d ff65 fs5 fc7 sc0 ls57 ws46\">2.4<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td class=\"c n x5b3 y2d0e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x5b4 y2d0e w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">(67.7)</div></td><td class=\"c n x5b5 y2d0e w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">(67.7)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x5b6 y2d0e w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x5b9 y2d0e w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">(174.1)</div></td><td class=\"c n x5ba y2d0e w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">(174.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d0f wf0 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls9 ws1\">Operating profit/(loss)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td></td><td></td><td class=\"c n x5bb y2d0f w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">106.5</div></td><td class=\"c n x5bc y2d0f w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">(158.5)</div></td><td class=\"c n x5bd y2d0f w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">(52.0)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x5be y2d0f w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">78.0</div></td><td class=\"c n x5bf y2d0f w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">(157.6)</div></td><td class=\"c n x5c0 y2d0f w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">(79.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d10 wf1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls9 ws1\">Interest income<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x5c1 y2d10 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">4.3<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x5c2 y2d10 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">8.7<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x5c3 y2d10 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">8.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d11 wf2 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls9 ws1\">Interest expense<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x5c1 y2d11 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">4.3<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x5c4 y2d11 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">(60.9)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x5c5 y2d11 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">(40.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d12 w31 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls9 ws1\">Share of results in associates and investment gains<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x5c6 y2d12 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x5c7 y2d12 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">5.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d13 wf3 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls9 ws1\">(Loss)/gain on business disposal<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x5c1 y2d13 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">2.8<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x5c8 y2d13 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls9 ws1\">(2.4)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x5c9 y2d13 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">166.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d14 w36 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls9 ws1\">(Loss)/profit before tax<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x5ca y2d14 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">(106.6)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td class=\"c n x5cb y2d14 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">61.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2d15 ff64 fs5 fc7 sc0 ls57 ws46\">Supplementary Information<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x2d8 h38 y2d16 ff65 fs5 fc7 sc0 ls9 ws1\">Depreciation and amortisation<span class=\"_ _2b5\"> </span></td><td class=\"c x53e y2d17 w10 h46\"><div class=\"t m0 x23f h38 y1f07 ff65 fs5 fc7 sc0 ls57 ws46\">3.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x58a y2d18 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff64 fs5 fc7 sc0 ls57 ws46\">42.5</div></td><td class=\"c n x58b y2d18 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff64 fs5 fc7 sc0 ls57 ws46\">57.8</div></td><td class=\"c n x5cc y2d18 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff64 fs5 fc7 sc0 ls57 ws46\">3.6</div></td><td class=\"c n x5cd y2d18 wf4 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff64 fs5 fc7 sc0 ls57 ws46\">103.9</div></td><td class=\"c n x5ce y2d18 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff64 fs5 fc7 sc0 ls57 ws46\">4.9</div></td><td class=\"c n x5cf y2d18 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ff64 fs5 fc7 sc0 ls57 ws46\">108.8</div></td><td class=\"c n x5d0 y2d19 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">38.2</div></td><td class=\"c n x5d1 y2d19 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">66.5</div></td><td class=\"c n x5d2 y2d19 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">14.6</div></td><td class=\"c n x5d3 y2d19 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">119.3</div></td><td class=\"c n x5d4 y2d19 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">19.1</div></td><td class=\"c n x5d5 y2d19 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">138.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x589 h38 y2d1a ff65 fs5 fc7 sc0 ls57 ws46\">3.3<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x2d8 h38 y2d1b ff65 fs5 fc7 sc0 ls9 ws1\">Impairment of property, plant and equipment, intangible assets an<span class=\"_ _1\"></span>d right-of-use assets<span class=\"_ _2b5\"> </span></td><td class=\"c x53e y2d17 w10 h46\"><div class=\"t m0 x23f h38 y1f09 ff65 fs5 fc7 sc0 ls57 ws46\">3.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x5d6 y2d1c w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">1.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x5d7 y2d1c w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">2.6</div></td><td class=\"c n x5d8 y2d1c w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">0.1</div></td><td class=\"c n x5d9 y2d1c w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">4.2</div></td><td class=\"c n x5da y2d1c w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">23.2</div></td><td class=\"c n x5db y2d1c w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">27.4</div></td><td class=\"c n x5dc y2d1c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x5dd y2d1c w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">7.7</div></td><td class=\"c n x5de y2d1c w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls9 ws1\">(0.6)</div></td><td class=\"t m0 x5df h38 y2d1b ff65 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _1ff\"> </span>7.1 </td><td class=\"t m0 x5e0 h38 y2d1d ff65 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _c2\"> </span>0.8 </td><td class=\"t m0 x5e1 h38 y2d1b ff65 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _1ff\"> </span>7.9 </td></tr><tr><td class=\"t m0 x2d8 h38 y2d1e ff65 fs5 fc7 sc0 ls9 ws1\">Non-current contract fulfilment assets utilisation, impairment and derecognitio<span class=\"_ _1\"></span>n<span class=\"_ _2b5\"> </span></td><td class=\"c n x5e2 y2d1f w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">3.1.3</div></td><td class=\"c n x5e3 y2d1f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">59.8</div></td><td class=\"c n x5e4 y2d1f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">16.0</div></td><td class=\"c n x5e5 y2d1f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x5e6 y2d1f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">75.8</div></td><td class=\"c n x5e7 y2d1f w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">8.7</div></td><td class=\"c n x5e8 y2d1f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">84.5</div></td><td class=\"c n x5e9 y2d1f w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">67.2</div></td><td class=\"c n x5ea y2d1f w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">16.3</div></td><td class=\"c n x5eb y2d1f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"t m0 x5df h38 y2d1e ff65 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _d\"> </span>83.5 </td><td class=\"t m0 x5e0 h38 y2d20 ff65 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _c2\"> </span>2.2 </td><td class=\"t m0 x5e1 h38 y2d1e ff65 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _d\"> </span>85.7 </td></tr><tr><td class=\"c n x2be y2be6 wb7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls9 ws1\">Onerous contract provisions<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x5ec y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">2.3</div></td><td class=\"c n x5ed y2be6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x5ee y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">7.1</div></td><td class=\"c n x5ef y2be6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x5f0 y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">7.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x5f1 y2be6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x5f2 y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">7.1</div></td><td class=\"c n x5f3 y2be6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x5f4 y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">1.7</div></td><td class=\"c n x5f5 y2be6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x5f6 y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">1.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x5f7 y2be6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x5f8 y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">1.7<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h39 ff64 fs5 fc6 sc0 ls57 ws46 gs2b7\">Geographical location<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff65 fs5 fc7 sc0 ls9 ws1 gs2b8\">The table below presents the carrying amount of non-current asse<span class=\"_ _1\"></span>ts (excluding deferred tax, financial assets and employee benefits) by the geographical location of those assets.<span class=\"_ _2b5\"> </span></div><div class=\"gs2b9\"><table class=\"s wf5 h68\" id=\"_c088ea26-7417-4cf3-9106-f3d866fad485\"><tr><td></td><td></td><td></td><td></td><td class=\"c n x5f9 y2cb5 wc7 h69\"><div class=\"t m0 x2bd h3a y2c9f ff64 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x5fa y2cb5 wc7 h67\"><div class=\"t m0 x2bd h3a y2c9f ff65 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c x5fb y2d21 w11 h47\"><div class=\"t m0 xb8 h3b y1f15 ff64 fs8 fc7 sc0 ls58 ws47\">United  </div></td><td></td><td></td><td></td><td class=\"c x5fc y2d21 w11 h47\"><div class=\"t m0 x244 h3a y1f15 ff65 fs8 fc7 sc0 ls58 ws47\">United  </div></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x57f h3b y2d22 ff64 fs8 fc7 sc0 ls58 ws47\">Kingdom </td><td class=\"t m0 x5fd h3b y2d22 ff64 fs8 fc7 sc0 ls58 ws47\">Europe </td><td class=\"t m0 x5fe h3b y2d22 ff64 fs8 fc7 sc0 ls58 ws47\">Other </td><td class=\"t m0 x37f h3b y2d22 ff64 fs8 fc7 sc0 ls58 ws47\">Total </td><td class=\"t m0 x36f h3a y2d22 ff65 fs8 fc7 sc0 ls58 ws47\">Kingdom </td><td class=\"t m0 x5ff h3a y2d23 ff65 fs8 fc7 sc0 ls58 ws47\">Europe </td><td class=\"t m0 x2bb h3a y2d23 ff65 fs8 fc7 sc0 ls58 ws47\">Other </td><td class=\"t m0 x2b9 h3a y2d23 ff65 fs8 fc7 sc0 ls58 ws47\">Total </td></tr><tr><td></td><td class=\"t m0 x574 h3b y2d24 ff64 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x600 h3b y2d24 ff64 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x601 h3b y2d24 ff64 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x602 h3b y2d24 ff64 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x603 h3a y2d24 ff65 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x57a h3a y2d24 ff65 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x572 h3a y2d24 ff65 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x383 h3a y2d24 ff65 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2be6 wf6 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls9 ws1\">Non-current assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x604 y2be6 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">1,112.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x605 y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">14.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x606 y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">17.0</div></td><td class=\"c n x607 y2be6 wc2 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff64 fs5 fc7 sc0 ls57 ws46\">1,<span class=\"_ _2a\"></span>143.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x608 y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">1,320.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x609 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">11.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x60a y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">8.9</div></td><td class=\"c n x60b y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff65 fs5 fc7 sc0 ls57 ws46\">1,341.5</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEntitysReportableSegmentsExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-537": {
   "value": "2.2.3 Deferred income<span class=\"_ _2b5\"> </span>The Group\u2019s deferred income balances solely relate to revenue fro<span class=\"_ _1\"></span>m contracts with customers. Revenue recognised in the reporting period that was included in the deferred income balance at t<span class=\"_ _2a\"></span>he beginning of the period was \u00a3599.0m (2022<span class=\"ls9 ws1\">: \u00a3</span>744.2.m).<span class=\"_ _2b5\"> </span>Movements in the deferred income balances were driven by transaction<span class=\"_ _1\"></span>s entered into by the Group in the normal course of business during the current and prior year, other th<span class=\"_ _1\"></span>an the accelerated revenue recognised of \u00a39.9m<span class=\"ls9 ws1\"> which primarily relates to an early termination of a contract in Capita Experience<span class=\"_ _1\"></span> (2022: \u00a3<span class=\"ls57 ws46\">nil</span>).<span class=\"_ _2b5\"> </span></span>3.1.2 Trade and other payables<span class=\"_ _2b5\"> </span><table class=\"s w53 h8c\" id=\"_83b2b9fc-24cf-4a80-a777-6cd4ba99f181\"><tr><td></td><td></td><td class=\"c n x9a3 y2e3a w196 h69\"><div class=\"t m0 x2bd h3b y2d37 ff83 fs8 fc7 sc0 ls58 ws47\">Current<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x9a4 y2e3a w197 h69\"><div class=\"t m0 x2bd h3b y2d37 ff83 fs8 fc7 sc0 ls58 ws47\">Non-current<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x7a6 h3b y2e3b ff83 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x833 h3a y2e3b ff84 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x307 h3b y2e3b ff83 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x308 h3a y2e3b ff84 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x834 h3b y2e3c ff83 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x617 h3a y2e3c ff84 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30a h3b y2e3c ff83 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2e3c ff84 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2cf1 w1a4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">Trade payables<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b3 y2cf1 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">164.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b4 y2cf1 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">134.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9cf y2cf1 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d0 y2cf1 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf2 w1a5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">Other payables<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b6 y2cf2 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">27.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b7 y2cf2 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">32.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b8 y2cf2 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">6.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d1 y2cf2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">6.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf3 w169 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls9 ws1\">Other taxes and social security<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d2 y2cf3 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">74.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d3 y2cf3 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">85.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d4 y2cf3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d5 y2cf3 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">6.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d32 w57 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls9 ws1\">Accruals<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d6 y2d32 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">159.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d7 y2d32 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">239.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d8 y2d32 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d9 y2d32 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">2.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x9ba y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">425.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9bb y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">492.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9da y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">8.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9db y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">15.1<span class=\"_ _2b5\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-521": {
   "value": "2.2.3 Deferred income<span class=\"_ _2b5\"> </span>The Group\u2019s deferred income balances solely relate to revenue fro<span class=\"_ _1\"></span>m contracts with customers. Revenue recognised in the reporting period that was included in the deferred income balance at t<span class=\"_ _2a\"></span>he beginning of the period was \u00a3599.0m (2022<span class=\"ls9 ws1\">: \u00a3</span>744.2.m).<span class=\"_ _2b5\"> </span>Movements in the deferred income balances were driven by transaction<span class=\"_ _1\"></span>s entered into by the Group in the normal course of business during the current and prior year, other th<span class=\"_ _1\"></span>an the accelerated revenue recognised of \u00a39.9m<span class=\"ls9 ws1\"> which primarily relates to an early termination of a contract in Capita Experience<span class=\"_ _1\"></span> (2022: \u00a3<span class=\"ls57 ws46\">nil</span>).<span class=\"_ _2b5\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredIncomeExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-473": {
   "value": "<div class=\"t m0 h37 ff5f fs3 fc6 sc0 ls9 ws1 gs26b\">2.3 Operating profit<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff5f fs5 fc6 sc0 ls57 ws46 gs26c\">2.3.1 Items charged/(credited) to reported operating profit<span class=\"_ _2b5\"> </span></div><div class=\"gs26d\"><table class=\"s wce h6d\" id=\"_f3c26cb4-d907-42c1-95e0-bb03f1ff9d8d\"><tr><td></td><td></td><td class=\"t m0 x307 h3b y2ccd ff5f fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y2cce ff60 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x309 h3a y2ccf ff60 fs8 fc7 sc0 ls58 ws47\">Notes<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30a h3b y2ccf ff5f fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2ccf ff60 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2cd0 wcf h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">Depreciation of property, plant and equipment<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x315 y2cd0 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x513 y2cd0 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">31.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x514 y2cd0 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">40.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd1 wd0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Depreciation of right-of-use assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x515 y2cd1 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x516 y2cd1 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">48.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x517 y2cd1 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">56.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd2 wd1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">Impairment of property, plant and equipment<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x518 y2cd2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x519 y2cd2 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">10.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x418 y2cd2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">4.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd3 wd2 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Impairment/(reversal of impairment) of right-of-use assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x51a y2cd3 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x32b y2cd3 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">15.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x51b y2cd3 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">(2.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd4 wd3 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Amortisation of intangible assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x47a y2cd4 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x323 y2cd4 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">29.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x324 y2cd4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">41.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd5 wd4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Impairment of intangible assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x35d y2cd5 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x51c y2cd5 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">0.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x51d y2cd5 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">5.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd6 wd5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Impairment of goodwill<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x51e y2cd6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x51f y2cd6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">42.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c1 y2cd6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">169.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd7 wd6 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Impairment of disposal group assets held for sale<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x520 y2cd7 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">2.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x521 y2cd7 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">18.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x43c y2cd7 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd8 wd7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">Loss on sale of property, plant and equipment and intangibles<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x522 y2cd8 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">2.9.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x523 y2cd8 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x524 y2cd8 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd9 wd8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Income from foreign exchange differences<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x525 y2cd9 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">5.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x526 y2cd9 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">6.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cda wd9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Contract fulfilment asset utilisation, impairment and derecognition<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x527 y2cda w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.1.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x528 y2cda w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">84.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x529 y2cda w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">85.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cdb wda h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Contract termination gains<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x52a y2cdb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">6.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x52b y2cdb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2cdc ff60 fs5 fc7 sc0 ls57 ws46\">The net of: accelerated deferred income unwind, and contract </td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2cdd wdb h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">fulfilment asset utilisation<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x52c y2cdd w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">9.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x52d y2cdd w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 wdc h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Onerous contract provisions (net of additions and releases)<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x52e y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">7.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x52f y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">1.7<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ff5f fs5 fc7 sc0 ls9 ws1 gs26e\">Contract termination gains: <span class=\"ff60\">customer contracts usually conta<span class=\"_ _1\"></span>in provisions to compensate the Group for </span></div><div class=\"t m0 h38 ff60 fs5 fc7 sc0 ls9 ws1 gs26f\">exit costs and future profits in the event of early termination. During <span class=\"_ _1\"></span><span class=\"ls57 ws46\">2023<span class=\"ls9 ws1\">, customer contract terminations in </span></span></div><div class=\"t m0 h38 ff60 fs5 fc7 sc0 ls9 ws1 gs270\">Capita Experience, for customer convenience, led to associated exit fees be<span class=\"_ _1\"></span>ing earned by Capita of <span class=\"ls57 ws46\">\u00a36.0m</span> </div><div class=\"t m0 h38 ff60 fs5 fc7 sc0 ls9 ws1 gs271\">(<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">nil) and recorded as income during the year.<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ff5f fs5 fc7 sc0 ls57 ws46 gs11a\">The net of: accelerated deferred income unwind and contract fulfilment asset utilisation: <span class=\"ff60 ls9 ws1\">d</span><span class=\"ff60\">uring 2023<span class=\"ls9 ws1\"> </span></span></div><div class=\"t m0 h38 ff60 fs5 fc7 sc0 ls57 ws46 gs272\">the Group recognised a gain<span class=\"ls9 ws1\"> of </span>\u00a39.8m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>no<span class=\"ls9 ws1\"> gains or losses) related to the net of ac</span>celerated deferred </div><div class=\"t m0 h38 ff60 fs5 fc7 sc0 ls9 ws1 gs273\">income unwinds and non-current contract fulfilment asset utilisation. This p<span class=\"_ _1\"></span>rimarily related to Capita </div><div class=\"t m0 h38 ff60 fs5 fc7 sc0 ls9 ws1 gs274\">Experience where a contract was terminated earlier than planned.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff5f fs5 fc7 sc0 ls57 ws46 gs275\">Onerous contract provisions:</div><div class=\"t m0 h38 ff60 fs7 fca sc0 ls9 ws1 gs276\"> <span class=\"fs5 fc7 ls57 ws46\">during 2023 the Group recognised a net <span class=\"ls9 ws1\">loss of </span>\u00a37.1m related to onerous </span></div><div class=\"t m0 h38 ff60 fs5 fc7 sc0 ls9 ws1 gs277\">contract provisions (refer to note<span class=\"_ gs15\"> </span>3.6) in Capita Experience (<span class=\"_ _1\"></span><span class=\"ls57 ws46\">2022<span class=\"ls9 ws1\">: </span>\u00a31.7m<span class=\"ls9 ws1\"> loss related to contracts in Capita </span></span></div><div class=\"t m0 h38 ff60 fs5 fc7 sc0 ls9 ws1 gs120\">Experience).<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff5f fs5 fc6 sc0 ls57 ws46 gs279\">2.3.2 Fees payable to auditors<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff60 fs5 fc7 sc0 ls9 ws1 gs27a\">The amounts included in the table below relate to fees payable<span class=\"_ _1\"></span> to KPMG LLP and its associates:<span class=\"_ _2b5\"> </span></div><div class=\"gs27b\"><table class=\"s wdd h6e\" id=\"_2bc829c2-6a13-4b91-9805-59378b34cb17\"><tr><td></td><td class=\"t m0 x344 h3b y2cde ff5f fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x345 h3a y2cdf ff60 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x347 h3b y2ce0 ff5f fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2ce0 ff60 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h39 y2ce1 ff5f fs5 fc7 sc0 ls57 ws46\">Audit and audit-related services<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x530 h38 y2ce2 ff60 fs5 fc7 sc0 ls57 ws46\">The audit of the Parent Company and the Group\u2019s consolidated financial </td><td></td><td></td></tr><tr><td class=\"c n x531 y2ce3 wde h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">statements<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x532 y2ce3 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">4.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x533 y2ce3 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">5.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x531 y2ce4 wdf h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">The audit of the financial statements of the Group\u2019s subsidiary compan<span class=\"_ _1\"></span>ies<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x534 y2ce4 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">0.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x535 y2ce4 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">1.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cb2 we0 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">Total audit and audit-related services<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x536 y2cb2 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x537 y2cb2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">6.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h39 y2ce5 ff5f fs5 fc7 sc0 ls57 ws46\">Non-audit services<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x531 y2ce6 we1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Other assurance services<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x538 y2ce6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x539 y2ce6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x531 y2ce7 we2 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Audit-related assurance services<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x53a y2ce7 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">0.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x53b y2ce7 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">1.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bfb we3 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">Total non-audit services<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x525 y2bfb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x526 y2bfb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">1.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 we4 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">Total audit and non-audit services<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x53c y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">5.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x53d y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">7.7<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ff60 fs5 fc7 sc0 ls57 ws46 gs27c\">The non-audit fees<span class=\"ls9 ws1\"> in respect of </span>2023<span class=\"ls9 ws1\"> related to the review of interim results, ISAE<span class=\"_ gs15\"> </span>3402 assurance </span></div><div class=\"t m0 h38 ff60 fs5 fc7 sc0 ls9 ws1 gs27d\">reporting on controls operated by a subsidiary, and ISAE<span class=\"_ gs15\"> </span>3000 assura<span class=\"_ _1\"></span>nce reporting over non-financial </div><div class=\"t m0 h38 ff60 fs5 fc7 sc0 ls9 ws1 gs106\">metrics reported within the Annual Report and Accounts. In respect of <span class=\"_ _1\"></span><span class=\"ls57 ws46\">2022<span class=\"ls9 ws1\">, the non-audit fees related to </span></span></div><div class=\"t m0 h38 ff60 fs5 fc7 sc0 ls9 ws1 gs107\">the review of interim results, and services as reporting accountant for the disp<span class=\"_ _1\"></span>osal of Pay360 Limited.<span class=\"_ _2b5\"> </span></div>2.4 Adjusted operating profit and adjusted profit before tax<span class=\"_ _2b5\"> </span>Accounting policies<span class=\"_ _2b5\"> </span>IAS<span class=\"_ gs15\"> </span>1 <span class=\"ff63\">Presentation of Financial Statements</span> p<span class=\"_ _1\"></span>ermits an entity to present additional information for specific items to enable users to better assess the entity\u2019s financial performance.<span class=\"_ _2b5\"> </span>The Board has adopted a policy to disclose separately those items tha<span class=\"_ _1\"></span>t it considers are outside the underlying operating results for the particular year under review an<span class=\"_ _1\"></span>d against which the Group\u2019s performance is assessed internally. In the Board\u2019s judgement, these need to be d<span class=\"_ _1\"></span>isclosed separately by virtue of their nature, size and/or incidence, for users of the consolidated financia<span class=\"_ _1\"></span>l statements to obtain an understanding of the financial information and the underlying performance of th<span class=\"_ _1\"></span>e Group. In general, the Board believes that alternative performance measures (APMs) are useful for investors because they p<span class=\"_ _1\"></span>rovide further clarity and transparency of the Group\u2019s financial performance and are closely mon<span class=\"_ _1\"></span>itored by management to evaluate the Group\u2019s operating performance to facilitate financial, strategic and<span class=\"_ _1\"></span> operating decisions. Accordingly, these items are also excluded from the discussion of divisional performance<span class=\"_ _1\"></span> in the strategic report. This policy is kept under review by the Board and the Audit and Risk Committee<span class=\"_ _1\"></span>. Refer to Section<span class=\"_ gs15\"> </span>8.2 for further details of the Group\u2019s APMs.<span class=\"_ _2b5\"> </span>The Board considers<span class=\"ls9 ws1\"> APMs to be helpful to the reader, but notes that APMs have certain limitations, </span>including the exclusion of significant recurring and non-recurring items, a<span class=\"_ _1\"></span>nd may not be directly comparable with similarly titled measures presented by other companies.<span class=\"_ _2b5\"> </span>Those items excluded from the adjusted income statement are: busine<span class=\"_ _1\"></span>ss exits; amortisation and impairment of acquired intangibles; impairment of goodwill; certain mark-to-market valua<span class=\"_ _1\"></span>tion changes that impact net finance expense/income; the costs associated with the cyber incident in March<span class=\"_ _1\"></span> 2023, and the costs associated with the cost reduction programme announced in November 2023.<span class=\"_ _2b5\"> </span>The items below <span class=\"_ _1\"></span>are excluded from the <span class=\"_ _1\"></span>adjusted results:<span class=\"_ _2b5\"> </span><table class=\"s we5 h6f\" id=\"_3112e0cb-d59b-4b9c-9232-2eba2ec32706\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x53e h3b y2ce8 ff61 fs8 fc7 sc0 ls58 ws47\">(Loss)/<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x53f h3b y2ce9 ff61 fs8 fc7 sc0 ls58 ws47\">Operating </td><td></td><td class=\"t m0 x4ea h3b y2ce9 ff61 fs8 fc7 sc0 ls58 ws47\">profit </td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x540 h3b y2cea ff61 fs8 fc7 sc0 ls58 ws47\">(loss)/profit<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 x541 h3b y2cea ff61 fs8 fc7 sc0 ls58 ws47\">before tax<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x542 h3b y2ceb ff61 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x543 h3a y2cec ff62 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x544 h3b y2ceb ff61 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x308 h3a y2cec ff62 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x545 h3a y2ced ff62 fs8 fc7 sc0 ls58 ws47\">Notes<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4e2 h3b y2ced ff61 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x546 h3a y2ced ff62 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x47c h3b y2ced ff61 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2ced ff62 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2cee we6 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">Reported<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x547 y2cee w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">(52.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x548 y2cee w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">(79.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x549 y2cee w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">(106.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x54a y2cee w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">61.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cef we7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls9 ws1\">Amortisation and impairment of acquired intangibles<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x54b y2cef w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">3.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x54c y2cef w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x54d y2cef w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">5.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x54e y2cef w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x54f y2cef w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">5.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf0 wd5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls9 ws1\">Impairment of goodwill<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x550 y2cf0 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">3.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x551 y2cf0 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">42.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x552 y2cf0 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">169.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x553 y2cf0 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">42.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x334 y2cf0 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">169.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf1 we8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls9 ws1\">Net finance expense/(income)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x550 y2cf1 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">4.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x554 y2cf1 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x555 y2cf1 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x556 y2cf1 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">2.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x557 y2cf1 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls9 ws1\">(3.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf2 wb0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls9 ws1\">Business exits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x558 y2cf2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">2.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x559 y2cf2 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">36.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x55a y2cf2 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">(16.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x55b y2cf2 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">38.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x55c y2cf2 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">(182.3)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf3 wb0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls9 ws1\">Cyber incident<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x55d y2cf3 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">25.3</div></td><td class=\"t m0 x540 h38 y2cf4 ff62 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _3b\"> </span>\u2014 </td><td class=\"t m0 x55e h39 y2cf5 ff61 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _2e\"> </span>25.3 </td><td class=\"t m0 x55f h38 y2cf4 ff62 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _3b\"> </span>\u2014 </td></tr><tr><td class=\"c n x2be y2bfb wb1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls9 ws1\">Cost reduction programme<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x560 y2bfb we9 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">54.<span class=\"_ _2a\"></span>4</div></td><td class=\"t m0 x540 h38 y2cf6 ff62 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _3b\"> </span>\u2014 </td><td class=\"t m0 x55e h39 y2cf7 ff61 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _2e\"> </span>54.4 </td><td class=\"t m0 x55f h38 y2cf6 ff62 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _3b\"> </span>\u2014 </td></tr><tr><td class=\"c n x2be y2be6 wea h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">Adjusted<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x561 y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">106.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x562 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">78.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x563 y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">56.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x33e y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">49.8<span class=\"_ _2b5\"> </span></div></td></tr></table>1.<span class=\"_ _9\"> </span>Adjusted operating profit<span class=\"ls9 ws1\"> </span>increased by 36.5% (2022: increased 232.4%) and adjusted profit before tax increased by 13.5% (2022: increased 160.1%). Adjusted operating profit of \u00a3106.5m (2022: profit<span class=\"ls9 ws1\"> </span>\u00a378.0m) was generated on adjusted revenue of \u00a32,642.1m (2022: \u00a32,609.0m) resulting in an adjusted operating margin of 4.0% (2022: 3.0%).<span class=\"_ _2b5\"> </span>2.<span class=\"_ _9\"> </span>The tax charge on adjusted profit before tax is \u00a331.1m (2022: \u00a34.4m<span class=\"ls9 ws1\"> </span>charge) resulting in adjusted profit after tax of \u00a325.4m (2022: \u00a345.4m<span class=\"ls9 ws1\"> </span>profit).<span class=\"_ _2b5\"> </span>3.<span class=\"_ _9\"> </span>The adjusted operating profit and adjusted profit before tax for 2022 have been re-presented for the impact of business exits during 2023 and the change in adjusting items. This has resulted in adjusted operating profit decreasing from \u00a3102.9m to<span class=\"ls9 ws1\"> </span>\u00a378.0m and adjusted profit before tax decreasing from \u00a373.8m to<span class=\"ls9 ws1\"> </span>\u00a349.8m<span class=\"_ _2b5\"> </span>Amortisation and impairment of acquired intangible assets:<span class=\"ff62\"> the Group recognised acquired intangible </span>amortisation of <span class=\"ls57 ws46\">\u00a30.2m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a35.1m</span>). These charges are excluded from the adju<span class=\"_ _1\"></span>sted results of the Group because they are non-cash items generated from historical acquisition<span class=\"_ _1\"></span> related activity. The charge is included within administrative expenses.<span class=\"_ _2b5\"> </span>Impairment of goodwill: <span class=\"ff62\">the Group carries on its balance she<span class=\"_ _1\"></span>et significant balances related to goodwill. </span>Goodwill is subject to annual impairment testing and any impairment charg<span class=\"_ _1\"></span>es are reported separately because they are non-cash items generated from historical acquisition<span class=\"_ _1\"></span> related activity. The charge is included within administrative expenses.<span class=\"_ _2b5\"> </span>Net finance costs: <span class=\"ff62 ls9 ws1\">net finance costs excluded from adjusted profits relate to movements in the mark-to<span class=\"_ _1\"></span>-<span class=\"_ _2b5\"> </span></span>market value of forward foreign exchange contracts to cover anticipated<span class=\"_ _1\"></span> future costs and therefore have no equivalent offsetting transaction in the accounting records, also refer to<span class=\"_ _1\"></span> note<span class=\"_ gs15\"> </span><span class=\"ls57 ws46\">4.2.2.<span class=\"_ _2b5\"> </span></span>Business exits:<span class=\"ff62 ls9 ws1\"> the trading result of businesses exited, or in the process of being exited, an<span class=\"_ _1\"></span>d the gain or </span>loss on disposals are excluded from the Group's adjusted results. <span class=\"_ _1\"></span>Note<span class=\"_ gs15\"> </span>2.8 provides further detail <span class=\"ls57 ws46\">regarding </span>which income statement line items are impacted by business exits.<span class=\"_ _2b5\"> </span>Cyber incident:<span class=\"ff62 ls9 ws1\"> As detailed in the Chief Financial Officer's review, the Group has incurred excep<span class=\"_ _1\"></span>tional </span>costs associated with the cyber incident. These costs comprise specialist professiona<span class=\"_ _1\"></span>l fees, recovery and remediation costs and investment to reinforce Capita\u2019s cyber security environmen<span class=\"_ _1\"></span>t. A charge of <span class=\"ls57 ws46\">\u00a325.3m has </span>been recognised in the year ended 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\">, which excludes any potential insurance receipts </span>because they had not met the criteria for recognition. Please also refe<span class=\"_ _1\"></span>r to note<span class=\"_ gs15\"> </span><span class=\"ls57 ws46\">6.2</span> contingent liabilities<span class=\"ls57 ws46\">. The </span>charge is included within administrative expenses.<span class=\"_ _2b5\"> </span>Cost reduction programme:<span class=\"ff62 ls9 ws1\"> As detailed in the Chief Financial Officer\u2019s review, the Group announced the </span>implementation of a significant cost reduction programme in November 20<span class=\"_ _1\"></span>23. A charge of <span class=\"ls57 ws46\">\u00a354.4m has been </span>recognised in the year ended 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> for the costs to deliver the cost reduction programme. This </span>includes redundancy and other costs of \u00a323.3m to deliver a <span class=\"_ _1\"></span>significant reduction in indirect support function and overhead roles, and property related costs of \u00a331.1m arising fro<span class=\"_ _1\"></span>m the associated rationalisation of the Group\u2019s property estate with impairment of right-of-use assets and property, p<span class=\"_ _1\"></span>lant &amp; equipment, and provisions in respect of onerous property costs (refer to<span class=\"_ _1\"></span> notes 3.2, 3.5 and 3.6).<span class=\"ls57 ws46\"> The charge is included </span>within administrative expenses.<span class=\"_ _2b5\"> </span>Refer to note<span class=\"_ gs15\"> </span>2.9.1 for the cash flow impact of the above.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-538": {
   "value": "2.3 Operating profit<span class=\"_ _2b5\"> </span>2.3.1 Items charged/(credited) to reported operating profit<span class=\"_ _2b5\"> </span><table class=\"s wce h6d\" id=\"_f3c26cb4-d907-42c1-95e0-bb03f1ff9d8d\"><tr><td></td><td></td><td class=\"t m0 x307 h3b y2ccd ff5f fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y2cce ff60 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x309 h3a y2ccf ff60 fs8 fc7 sc0 ls58 ws47\">Notes<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30a h3b y2ccf ff5f fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2ccf ff60 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2cd0 wcf h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">Depreciation of property, plant and equipment<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x315 y2cd0 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x513 y2cd0 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">31.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x514 y2cd0 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">40.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd1 wd0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Depreciation of right-of-use assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x515 y2cd1 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x516 y2cd1 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">48.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x517 y2cd1 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">56.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd2 wd1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">Impairment of property, plant and equipment<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x518 y2cd2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x519 y2cd2 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">10.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x418 y2cd2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">4.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd3 wd2 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Impairment/(reversal of impairment) of right-of-use assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x51a y2cd3 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x32b y2cd3 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">15.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x51b y2cd3 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">(2.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd4 wd3 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Amortisation of intangible assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x47a y2cd4 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x323 y2cd4 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">29.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x324 y2cd4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">41.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd5 wd4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Impairment of intangible assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x35d y2cd5 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x51c y2cd5 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">0.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x51d y2cd5 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">5.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd6 wd5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Impairment of goodwill<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x51e y2cd6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x51f y2cd6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">42.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c1 y2cd6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">169.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd7 wd6 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Impairment of disposal group assets held for sale<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x520 y2cd7 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">2.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x521 y2cd7 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">18.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x43c y2cd7 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd8 wd7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">Loss on sale of property, plant and equipment and intangibles<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x522 y2cd8 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">2.9.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x523 y2cd8 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x524 y2cd8 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd9 wd8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Income from foreign exchange differences<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x525 y2cd9 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">5.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x526 y2cd9 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">6.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cda wd9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Contract fulfilment asset utilisation, impairment and derecognition<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x527 y2cda w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.1.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x528 y2cda w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">84.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x529 y2cda w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">85.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cdb wda h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Contract termination gains<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x52a y2cdb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">6.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x52b y2cdb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2cdc ff60 fs5 fc7 sc0 ls57 ws46\">The net of: accelerated deferred income unwind, and contract </td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2cdd wdb h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">fulfilment asset utilisation<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x52c y2cdd w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">9.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x52d y2cdd w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 wdc h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Onerous contract provisions (net of additions and releases)<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x52e y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">7.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x52f y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">1.7<span class=\"_ _2b5\"> </span></div></td></tr></table>Contract termination gains: <span class=\"ff60\">customer contracts usually conta<span class=\"_ _1\"></span>in provisions to compensate the Group for </span>exit costs and future profits in the event of early termination. During <span class=\"_ _1\"></span><span class=\"ls57 ws46\">2023<span class=\"ls9 ws1\">, customer contract terminations in </span></span>Capita Experience, for customer convenience, led to associated exit fees be<span class=\"_ _1\"></span>ing earned by Capita of <span class=\"ls57 ws46\">\u00a36.0m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">nil) and recorded as income during the year.<span class=\"_ _2b5\"> </span></span>The net of: accelerated deferred income unwind and contract fulfilment asset utilisation: <span class=\"ff60 ls9 ws1\">d</span><span class=\"ff60\">uring 2023<span class=\"ls9 ws1\"> </span></span>the Group recognised a gain<span class=\"ls9 ws1\"> of </span>\u00a39.8m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>no<span class=\"ls9 ws1\"> gains or losses) related to the net of ac</span>celerated deferred income unwinds and non-current contract fulfilment asset utilisation. This p<span class=\"_ _1\"></span>rimarily related to Capita Experience where a contract was terminated earlier than planned.<span class=\"_ _2b5\"> </span>Onerous contract provisions: <span class=\"fs5 fc7 ls57 ws46\">during 2023 the Group recognised a net <span class=\"ls9 ws1\">loss of </span>\u00a37.1m related to onerous </span>contract provisions (refer to note<span class=\"_ gs15\"> </span>3.6) in Capita Experience (<span class=\"_ _1\"></span><span class=\"ls57 ws46\">2022<span class=\"ls9 ws1\">: </span>\u00a31.7m<span class=\"ls9 ws1\"> loss related to contracts in Capita </span></span>Experience).<span class=\"_ _2b5\"> </span>2.3.2 Fees payable to auditors<span class=\"_ _2b5\"> </span>The amounts included in the table below relate to fees payable<span class=\"_ _1\"></span> to KPMG LLP and its associates:<span class=\"_ _2b5\"> </span><table class=\"s wdd h6e\" id=\"_2bc829c2-6a13-4b91-9805-59378b34cb17\"><tr><td></td><td class=\"t m0 x344 h3b y2cde ff5f fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x345 h3a y2cdf ff60 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x347 h3b y2ce0 ff5f fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2ce0 ff60 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h39 y2ce1 ff5f fs5 fc7 sc0 ls57 ws46\">Audit and audit-related services<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x530 h38 y2ce2 ff60 fs5 fc7 sc0 ls57 ws46\">The audit of the Parent Company and the Group\u2019s consolidated financial </td><td></td><td></td></tr><tr><td class=\"c n x531 y2ce3 wde h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">statements<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x532 y2ce3 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">4.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x533 y2ce3 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">5.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x531 y2ce4 wdf h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">The audit of the financial statements of the Group\u2019s subsidiary compan<span class=\"_ _1\"></span>ies<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x534 y2ce4 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">0.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x535 y2ce4 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">1.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cb2 we0 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">Total audit and audit-related services<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x536 y2cb2 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x537 y2cb2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">6.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h39 y2ce5 ff5f fs5 fc7 sc0 ls57 ws46\">Non-audit services<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x531 y2ce6 we1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Other assurance services<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x538 y2ce6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x539 y2ce6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x531 y2ce7 we2 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Audit-related assurance services<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x53a y2ce7 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">0.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x53b y2ce7 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">1.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bfb we3 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">Total non-audit services<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x525 y2bfb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x526 y2bfb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">1.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 we4 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">Total audit and non-audit services<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x53c y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">5.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x53d y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">7.7<span class=\"_ _2b5\"> </span></div></td></tr></table>The non-audit fees<span class=\"ls9 ws1\"> in respect of </span>2023<span class=\"ls9 ws1\"> related to the review of interim results, ISAE<span class=\"_ gs15\"> </span>3402 assurance </span>reporting on controls operated by a subsidiary, and ISAE<span class=\"_ gs15\"> </span>3000 assura<span class=\"_ _1\"></span>nce reporting over non-financial metrics reported within the Annual Report and Accounts. In respect of <span class=\"_ _1\"></span><span class=\"ls57 ws46\">2022<span class=\"ls9 ws1\">, the non-audit fees related to </span></span>the review of interim results, and services as reporting accountant for the disp<span class=\"_ _1\"></span>osal of Pay360 Limited.<span class=\"_ _2b5\"> </span>2.4 Adjusted operating profit and adjusted profit before tax<span class=\"_ _2b5\"> </span>Accounting policies<span class=\"_ _2b5\"> </span>IAS<span class=\"_ gs15\"> </span>1 <span class=\"ff63\">Presentation of Financial Statements</span> p<span class=\"_ _1\"></span>ermits an entity to present additional information for specific items to enable users to better assess the entity\u2019s financial performance.<span class=\"_ _2b5\"> </span>The Board has adopted a policy to disclose separately those items tha<span class=\"_ _1\"></span>t it considers are outside the underlying operating results for the particular year under review an<span class=\"_ _1\"></span>d against which the Group\u2019s performance is assessed internally. In the Board\u2019s judgement, these need to be d<span class=\"_ _1\"></span>isclosed separately by virtue of their nature, size and/or incidence, for users of the consolidated financia<span class=\"_ _1\"></span>l statements to obtain an understanding of the financial information and the underlying performance of th<span class=\"_ _1\"></span>e Group. In general, the Board believes that alternative performance measures (APMs) are useful for investors because they p<span class=\"_ _1\"></span>rovide further clarity and transparency of the Group\u2019s financial performance and are closely mon<span class=\"_ _1\"></span>itored by management to evaluate the Group\u2019s operating performance to facilitate financial, strategic and<span class=\"_ _1\"></span> operating decisions. Accordingly, these items are also excluded from the discussion of divisional performance<span class=\"_ _1\"></span> in the strategic report. This policy is kept under review by the Board and the Audit and Risk Committee<span class=\"_ _1\"></span>. Refer to Section<span class=\"_ gs15\"> </span>8.2 for further details of the Group\u2019s APMs.<span class=\"_ _2b5\"> </span>The Board considers<span class=\"ls9 ws1\"> APMs to be helpful to the reader, but notes that APMs have certain limitations, </span>including the exclusion of significant recurring and non-recurring items, a<span class=\"_ _1\"></span>nd may not be directly comparable with similarly titled measures presented by other companies.<span class=\"_ _2b5\"> </span>Those items excluded from the adjusted income statement are: busine<span class=\"_ _1\"></span>ss exits; amortisation and impairment of acquired intangibles; impairment of goodwill; certain mark-to-market valua<span class=\"_ _1\"></span>tion changes that impact net finance expense/income; the costs associated with the cyber incident in March<span class=\"_ _1\"></span> 2023, and the costs associated with the cost reduction programme announced in November 2023.<span class=\"_ _2b5\"> </span>The items below <span class=\"_ _1\"></span>are excluded from the <span class=\"_ _1\"></span>adjusted results:<span class=\"_ _2b5\"> </span><table class=\"s we5 h6f\" id=\"_3112e0cb-d59b-4b9c-9232-2eba2ec32706\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x53e h3b y2ce8 ff61 fs8 fc7 sc0 ls58 ws47\">(Loss)/<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x53f h3b y2ce9 ff61 fs8 fc7 sc0 ls58 ws47\">Operating </td><td></td><td class=\"t m0 x4ea h3b y2ce9 ff61 fs8 fc7 sc0 ls58 ws47\">profit </td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x540 h3b y2cea ff61 fs8 fc7 sc0 ls58 ws47\">(loss)/profit<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 x541 h3b y2cea ff61 fs8 fc7 sc0 ls58 ws47\">before tax<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x542 h3b y2ceb ff61 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x543 h3a y2cec ff62 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x544 h3b y2ceb ff61 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x308 h3a y2cec ff62 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x545 h3a y2ced ff62 fs8 fc7 sc0 ls58 ws47\">Notes<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4e2 h3b y2ced ff61 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x546 h3a y2ced ff62 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x47c h3b y2ced ff61 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2ced ff62 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2cee we6 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">Reported<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x547 y2cee w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">(52.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x548 y2cee w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">(79.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x549 y2cee w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">(106.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x54a y2cee w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">61.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cef we7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls9 ws1\">Amortisation and impairment of acquired intangibles<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x54b y2cef w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">3.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x54c y2cef w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x54d y2cef w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">5.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x54e y2cef w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x54f y2cef w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">5.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf0 wd5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls9 ws1\">Impairment of goodwill<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x550 y2cf0 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">3.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x551 y2cf0 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">42.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x552 y2cf0 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">169.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x553 y2cf0 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">42.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x334 y2cf0 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">169.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf1 we8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls9 ws1\">Net finance expense/(income)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x550 y2cf1 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">4.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x554 y2cf1 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x555 y2cf1 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x556 y2cf1 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">2.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x557 y2cf1 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls9 ws1\">(3.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf2 wb0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls9 ws1\">Business exits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x558 y2cf2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">2.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x559 y2cf2 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">36.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x55a y2cf2 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">(16.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x55b y2cf2 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">38.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x55c y2cf2 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">(182.3)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf3 wb0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls9 ws1\">Cyber incident<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x55d y2cf3 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">25.3</div></td><td class=\"t m0 x540 h38 y2cf4 ff62 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _3b\"> </span>\u2014 </td><td class=\"t m0 x55e h39 y2cf5 ff61 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _2e\"> </span>25.3 </td><td class=\"t m0 x55f h38 y2cf4 ff62 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _3b\"> </span>\u2014 </td></tr><tr><td class=\"c n x2be y2bfb wb1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls9 ws1\">Cost reduction programme<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x560 y2bfb we9 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">54.<span class=\"_ _2a\"></span>4</div></td><td class=\"t m0 x540 h38 y2cf6 ff62 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _3b\"> </span>\u2014 </td><td class=\"t m0 x55e h39 y2cf7 ff61 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _2e\"> </span>54.4 </td><td class=\"t m0 x55f h38 y2cf6 ff62 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _3b\"> </span>\u2014 </td></tr><tr><td class=\"c n x2be y2be6 wea h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">Adjusted<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x561 y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">106.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x562 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">78.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x563 y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">56.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x33e y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">49.8<span class=\"_ _2b5\"> </span></div></td></tr></table>1.<span class=\"_ _9\"> </span>Adjusted operating profit<span class=\"ls9 ws1\"> </span>increased by 36.5% (2022: increased 232.4%) and adjusted profit before tax increased by 13.5% (2022: increased 160.1%). Adjusted operating profit of \u00a3106.5m (2022: profit<span class=\"ls9 ws1\"> </span>\u00a378.0m) was generated on adjusted revenue of \u00a32,642.1m (2022: \u00a32,609.0m) resulting in an adjusted operating margin of 4.0% (2022: 3.0%).<span class=\"_ _2b5\"> </span>2.<span class=\"_ _9\"> </span>The tax charge on adjusted profit before tax is \u00a331.1m (2022: \u00a34.4m<span class=\"ls9 ws1\"> </span>charge) resulting in adjusted profit after tax of \u00a325.4m (2022: \u00a345.4m<span class=\"ls9 ws1\"> </span>profit).<span class=\"_ _2b5\"> </span>3.<span class=\"_ _9\"> </span>The adjusted operating profit and adjusted profit before tax for 2022 have been re-presented for the impact of business exits during 2023 and the change in adjusting items. This has resulted in adjusted operating profit decreasing from \u00a3102.9m to<span class=\"ls9 ws1\"> </span>\u00a378.0m and adjusted profit before tax decreasing from \u00a373.8m to<span class=\"ls9 ws1\"> </span>\u00a349.8m<span class=\"_ _2b5\"> </span>Amortisation and impairment of acquired intangible assets:<span class=\"ff62\"> the Group recognised acquired intangible </span>amortisation of <span class=\"ls57 ws46\">\u00a30.2m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a35.1m</span>). These charges are excluded from the adju<span class=\"_ _1\"></span>sted results of the Group because they are non-cash items generated from historical acquisition<span class=\"_ _1\"></span> related activity. The charge is included within administrative expenses.<span class=\"_ _2b5\"> </span>Impairment of goodwill: <span class=\"ff62\">the Group carries on its balance she<span class=\"_ _1\"></span>et significant balances related to goodwill. </span>Goodwill is subject to annual impairment testing and any impairment charg<span class=\"_ _1\"></span>es are reported separately because they are non-cash items generated from historical acquisition<span class=\"_ _1\"></span> related activity. The charge is included within administrative expenses.<span class=\"_ _2b5\"> </span>Net finance costs: <span class=\"ff62 ls9 ws1\">net finance costs excluded from adjusted profits relate to movements in the mark-to<span class=\"_ _1\"></span>-<span class=\"_ _2b5\"> </span></span>market value of forward foreign exchange contracts to cover anticipated<span class=\"_ _1\"></span> future costs and therefore have no equivalent offsetting transaction in the accounting records, also refer to<span class=\"_ _1\"></span> note<span class=\"_ gs15\"> </span><span class=\"ls57 ws46\">4.2.2.<span class=\"_ _2b5\"> </span></span>Business exits:<span class=\"ff62 ls9 ws1\"> the trading result of businesses exited, or in the process of being exited, an<span class=\"_ _1\"></span>d the gain or </span>loss on disposals are excluded from the Group's adjusted results. <span class=\"_ _1\"></span>Note<span class=\"_ gs15\"> </span>2.8 provides further detail <span class=\"ls57 ws46\">regarding </span>which income statement line items are impacted by business exits.<span class=\"_ _2b5\"> </span>Cyber incident:<span class=\"ff62 ls9 ws1\"> As detailed in the Chief Financial Officer's review, the Group has incurred excep<span class=\"_ _1\"></span>tional </span>costs associated with the cyber incident. These costs comprise specialist professiona<span class=\"_ _1\"></span>l fees, recovery and remediation costs and investment to reinforce Capita\u2019s cyber security environmen<span class=\"_ _1\"></span>t. A charge of <span class=\"ls57 ws46\">\u00a325.3m has </span>been recognised in the year ended 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\">, which excludes any potential insurance receipts </span>because they had not met the criteria for recognition. Please also refe<span class=\"_ _1\"></span>r to note<span class=\"_ gs15\"> </span><span class=\"ls57 ws46\">6.2</span> contingent liabilities<span class=\"ls57 ws46\">. The </span>charge is included within administrative expenses.<span class=\"_ _2b5\"> </span>Cost reduction programme:<span class=\"ff62 ls9 ws1\"> As detailed in the Chief Financial Officer\u2019s review, the Group announced the </span>implementation of a significant cost reduction programme in November 20<span class=\"_ _1\"></span>23. A charge of <span class=\"ls57 ws46\">\u00a354.4m has been </span>recognised in the year ended 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> for the costs to deliver the cost reduction programme. This </span>includes redundancy and other costs of \u00a323.3m to deliver a <span class=\"_ _1\"></span>significant reduction in indirect support function and overhead roles, and property related costs of \u00a331.1m arising fro<span class=\"_ _1\"></span>m the associated rationalisation of the Group\u2019s property estate with impairment of right-of-use assets and property, p<span class=\"_ _1\"></span>lant &amp; equipment, and provisions in respect of onerous property costs (refer to<span class=\"_ _1\"></span> notes 3.2, 3.5 and 3.6).<span class=\"ls57 ws46\"> The charge is included </span>within administrative expenses.<span class=\"_ _2b5\"> </span>Refer to note<span class=\"_ gs15\"> </span>2.9.1 for the cash flow impact of the above.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProfitLossFromOperatingActivitiesExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-499": {
   "value": "2.3 Operating profit<span class=\"_ _2b5\"> </span>2.3.1 Items charged/(credited) to reported operating profit<span class=\"_ _2b5\"> </span><table class=\"s wce h6d\" id=\"_f3c26cb4-d907-42c1-95e0-bb03f1ff9d8d\"><tr><td></td><td></td><td class=\"t m0 x307 h3b y2ccd ff5f fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y2cce ff60 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x309 h3a y2ccf ff60 fs8 fc7 sc0 ls58 ws47\">Notes<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30a h3b y2ccf ff5f fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2ccf ff60 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2cd0 wcf h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">Depreciation of property, plant and equipment<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x315 y2cd0 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x513 y2cd0 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">31.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x514 y2cd0 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">40.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd1 wd0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Depreciation of right-of-use assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x515 y2cd1 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x516 y2cd1 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">48.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x517 y2cd1 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">56.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd2 wd1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">Impairment of property, plant and equipment<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x518 y2cd2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x519 y2cd2 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">10.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x418 y2cd2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">4.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd3 wd2 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Impairment/(reversal of impairment) of right-of-use assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x51a y2cd3 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x32b y2cd3 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">15.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x51b y2cd3 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">(2.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd4 wd3 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Amortisation of intangible assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x47a y2cd4 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x323 y2cd4 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">29.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x324 y2cd4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">41.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd5 wd4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Impairment of intangible assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x35d y2cd5 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x51c y2cd5 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">0.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x51d y2cd5 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">5.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd6 wd5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Impairment of goodwill<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x51e y2cd6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x51f y2cd6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">42.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c1 y2cd6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">169.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd7 wd6 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Impairment of disposal group assets held for sale<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x520 y2cd7 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">2.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x521 y2cd7 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">18.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x43c y2cd7 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd8 wd7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">Loss on sale of property, plant and equipment and intangibles<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x522 y2cd8 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">2.9.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x523 y2cd8 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x524 y2cd8 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd9 wd8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Income from foreign exchange differences<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x525 y2cd9 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">5.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x526 y2cd9 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">6.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cda wd9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Contract fulfilment asset utilisation, impairment and derecognition<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x527 y2cda w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.1.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x528 y2cda w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">84.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x529 y2cda w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">85.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cdb wda h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Contract termination gains<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x52a y2cdb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">6.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x52b y2cdb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2cdc ff60 fs5 fc7 sc0 ls57 ws46\">The net of: accelerated deferred income unwind, and contract </td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2cdd wdb h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">fulfilment asset utilisation<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x52c y2cdd w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">9.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x52d y2cdd w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 wdc h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Onerous contract provisions (net of additions and releases)<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x52e y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">7.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x52f y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">1.7<span class=\"_ _2b5\"> </span></div></td></tr></table>Contract termination gains: <span class=\"ff60\">customer contracts usually conta<span class=\"_ _1\"></span>in provisions to compensate the Group for </span>exit costs and future profits in the event of early termination. During <span class=\"_ _1\"></span><span class=\"ls57 ws46\">2023<span class=\"ls9 ws1\">, customer contract terminations in </span></span>Capita Experience, for customer convenience, led to associated exit fees be<span class=\"_ _1\"></span>ing earned by Capita of <span class=\"ls57 ws46\">\u00a36.0m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">nil) and recorded as income during the year.<span class=\"_ _2b5\"> </span></span>The net of: accelerated deferred income unwind and contract fulfilment asset utilisation: <span class=\"ff60 ls9 ws1\">d</span><span class=\"ff60\">uring 2023<span class=\"ls9 ws1\"> </span></span>the Group recognised a gain<span class=\"ls9 ws1\"> of </span>\u00a39.8m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>no<span class=\"ls9 ws1\"> gains or losses) related to the net of ac</span>celerated deferred income unwinds and non-current contract fulfilment asset utilisation. This p<span class=\"_ _1\"></span>rimarily related to Capita Experience where a contract was terminated earlier than planned.<span class=\"_ _2b5\"> </span>Onerous contract provisions: <span class=\"fs5 fc7 ls57 ws46\">during 2023 the Group recognised a net <span class=\"ls9 ws1\">loss of </span>\u00a37.1m related to onerous </span>contract provisions (refer to note<span class=\"_ gs15\"> </span>3.6) in Capita Experience (<span class=\"_ _1\"></span><span class=\"ls57 ws46\">2022<span class=\"ls9 ws1\">: </span>\u00a31.7m<span class=\"ls9 ws1\"> loss related to contracts in Capita </span></span>Experience).<span class=\"_ _2b5\"> </span>2.3.2 Fees payable to auditors<span class=\"_ _2b5\"> </span>The amounts included in the table below relate to fees payable<span class=\"_ _1\"></span> to KPMG LLP and its associates:<span class=\"_ _2b5\"> </span><table class=\"s wdd h6e\" id=\"_2bc829c2-6a13-4b91-9805-59378b34cb17\"><tr><td></td><td class=\"t m0 x344 h3b y2cde ff5f fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x345 h3a y2cdf ff60 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x347 h3b y2ce0 ff5f fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2ce0 ff60 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h39 y2ce1 ff5f fs5 fc7 sc0 ls57 ws46\">Audit and audit-related services<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x530 h38 y2ce2 ff60 fs5 fc7 sc0 ls57 ws46\">The audit of the Parent Company and the Group\u2019s consolidated financial </td><td></td><td></td></tr><tr><td class=\"c n x531 y2ce3 wde h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">statements<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x532 y2ce3 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">4.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x533 y2ce3 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">5.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x531 y2ce4 wdf h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">The audit of the financial statements of the Group\u2019s subsidiary compan<span class=\"_ _1\"></span>ies<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x534 y2ce4 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">0.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x535 y2ce4 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">1.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cb2 we0 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">Total audit and audit-related services<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x536 y2cb2 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x537 y2cb2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">6.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h39 y2ce5 ff5f fs5 fc7 sc0 ls57 ws46\">Non-audit services<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x531 y2ce6 we1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Other assurance services<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x538 y2ce6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x539 y2ce6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x531 y2ce7 we2 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Audit-related assurance services<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x53a y2ce7 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">0.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x53b y2ce7 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">1.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bfb we3 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">Total non-audit services<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x525 y2bfb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x526 y2bfb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">1.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 we4 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">Total audit and non-audit services<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x53c y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">5.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x53d y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">7.7<span class=\"_ _2b5\"> </span></div></td></tr></table>The non-audit fees<span class=\"ls9 ws1\"> in respect of </span>2023<span class=\"ls9 ws1\"> related to the review of interim results, ISAE<span class=\"_ gs15\"> </span>3402 assurance </span>reporting on controls operated by a subsidiary, and ISAE<span class=\"_ gs15\"> </span>3000 assura<span class=\"_ _1\"></span>nce reporting over non-financial metrics reported within the Annual Report and Accounts. In respect of <span class=\"_ _1\"></span><span class=\"ls57 ws46\">2022<span class=\"ls9 ws1\">, the non-audit fees related to </span></span>the review of interim results, and services as reporting accountant for the disp<span class=\"_ _1\"></span>osal of Pay360 Limited.<span class=\"_ _2b5\"> </span>2.4 Adjusted operating profit and adjusted profit before tax<span class=\"_ _2b5\"> </span>Accounting policies<span class=\"_ _2b5\"> </span>IAS<span class=\"_ gs15\"> </span>1 <span class=\"ff63\">Presentation of Financial Statements</span> p<span class=\"_ _1\"></span>ermits an entity to present additional information for specific items to enable users to better assess the entity\u2019s financial performance.<span class=\"_ _2b5\"> </span>The Board has adopted a policy to disclose separately those items tha<span class=\"_ _1\"></span>t it considers are outside the underlying operating results for the particular year under review an<span class=\"_ _1\"></span>d against which the Group\u2019s performance is assessed internally. In the Board\u2019s judgement, these need to be d<span class=\"_ _1\"></span>isclosed separately by virtue of their nature, size and/or incidence, for users of the consolidated financia<span class=\"_ _1\"></span>l statements to obtain an understanding of the financial information and the underlying performance of th<span class=\"_ _1\"></span>e Group. In general, the Board believes that alternative performance measures (APMs) are useful for investors because they p<span class=\"_ _1\"></span>rovide further clarity and transparency of the Group\u2019s financial performance and are closely mon<span class=\"_ _1\"></span>itored by management to evaluate the Group\u2019s operating performance to facilitate financial, strategic and<span class=\"_ _1\"></span> operating decisions. Accordingly, these items are also excluded from the discussion of divisional performance<span class=\"_ _1\"></span> in the strategic report. This policy is kept under review by the Board and the Audit and Risk Committee<span class=\"_ _1\"></span>. Refer to Section<span class=\"_ gs15\"> </span>8.2 for further details of the Group\u2019s APMs.<span class=\"_ _2b5\"> </span>The Board considers<span class=\"ls9 ws1\"> APMs to be helpful to the reader, but notes that APMs have certain limitations, </span>including the exclusion of significant recurring and non-recurring items, a<span class=\"_ _1\"></span>nd may not be directly comparable with similarly titled measures presented by other companies.<span class=\"_ _2b5\"> </span>Those items excluded from the adjusted income statement are: busine<span class=\"_ _1\"></span>ss exits; amortisation and impairment of acquired intangibles; impairment of goodwill; certain mark-to-market valua<span class=\"_ _1\"></span>tion changes that impact net finance expense/income; the costs associated with the cyber incident in March<span class=\"_ _1\"></span> 2023, and the costs associated with the cost reduction programme announced in November 2023.<span class=\"_ _2b5\"> </span>The items below <span class=\"_ _1\"></span>are excluded from the <span class=\"_ _1\"></span>adjusted results:<span class=\"_ _2b5\"> </span><table class=\"s we5 h6f\" id=\"_3112e0cb-d59b-4b9c-9232-2eba2ec32706\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x53e h3b y2ce8 ff61 fs8 fc7 sc0 ls58 ws47\">(Loss)/<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x53f h3b y2ce9 ff61 fs8 fc7 sc0 ls58 ws47\">Operating </td><td></td><td class=\"t m0 x4ea h3b y2ce9 ff61 fs8 fc7 sc0 ls58 ws47\">profit </td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x540 h3b y2cea ff61 fs8 fc7 sc0 ls58 ws47\">(loss)/profit<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 x541 h3b y2cea ff61 fs8 fc7 sc0 ls58 ws47\">before tax<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x542 h3b y2ceb ff61 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x543 h3a y2cec ff62 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x544 h3b y2ceb ff61 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x308 h3a y2cec ff62 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x545 h3a y2ced ff62 fs8 fc7 sc0 ls58 ws47\">Notes<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4e2 h3b y2ced ff61 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x546 h3a y2ced ff62 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x47c h3b y2ced ff61 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2ced ff62 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2cee we6 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">Reported<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x547 y2cee w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">(52.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x548 y2cee w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">(79.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x549 y2cee w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">(106.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x54a y2cee w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">61.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cef we7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls9 ws1\">Amortisation and impairment of acquired intangibles<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x54b y2cef w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">3.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x54c y2cef w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x54d y2cef w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">5.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x54e y2cef w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x54f y2cef w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">5.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf0 wd5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls9 ws1\">Impairment of goodwill<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x550 y2cf0 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">3.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x551 y2cf0 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">42.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x552 y2cf0 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">169.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x553 y2cf0 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">42.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x334 y2cf0 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">169.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf1 we8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls9 ws1\">Net finance expense/(income)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x550 y2cf1 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">4.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x554 y2cf1 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x555 y2cf1 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x556 y2cf1 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">2.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x557 y2cf1 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls9 ws1\">(3.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf2 wb0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls9 ws1\">Business exits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x558 y2cf2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">2.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x559 y2cf2 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">36.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x55a y2cf2 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">(16.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x55b y2cf2 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">38.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x55c y2cf2 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">(182.3)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf3 wb0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls9 ws1\">Cyber incident<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x55d y2cf3 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">25.3</div></td><td class=\"t m0 x540 h38 y2cf4 ff62 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _3b\"> </span>\u2014 </td><td class=\"t m0 x55e h39 y2cf5 ff61 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _2e\"> </span>25.3 </td><td class=\"t m0 x55f h38 y2cf4 ff62 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _3b\"> </span>\u2014 </td></tr><tr><td class=\"c n x2be y2bfb wb1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls9 ws1\">Cost reduction programme<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x560 y2bfb we9 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">54.<span class=\"_ _2a\"></span>4</div></td><td class=\"t m0 x540 h38 y2cf6 ff62 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _3b\"> </span>\u2014 </td><td class=\"t m0 x55e h39 y2cf7 ff61 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _2e\"> </span>54.4 </td><td class=\"t m0 x55f h38 y2cf6 ff62 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _3b\"> </span>\u2014 </td></tr><tr><td class=\"c n x2be y2be6 wea h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">Adjusted<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x561 y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">106.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x562 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">78.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x563 y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff61 fs5 fc7 sc0 ls57 ws46\">56.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x33e y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff62 fs5 fc7 sc0 ls57 ws46\">49.8<span class=\"_ _2b5\"> </span></div></td></tr></table>1.<span class=\"_ _9\"> </span>Adjusted operating profit<span class=\"ls9 ws1\"> </span>increased by 36.5% (2022: increased 232.4%) and adjusted profit before tax increased by 13.5% (2022: increased 160.1%). Adjusted operating profit of \u00a3106.5m (2022: profit<span class=\"ls9 ws1\"> </span>\u00a378.0m) was generated on adjusted revenue of \u00a32,642.1m (2022: \u00a32,609.0m) resulting in an adjusted operating margin of 4.0% (2022: 3.0%).<span class=\"_ _2b5\"> </span>2.<span class=\"_ _9\"> </span>The tax charge on adjusted profit before tax is \u00a331.1m (2022: \u00a34.4m<span class=\"ls9 ws1\"> </span>charge) resulting in adjusted profit after tax of \u00a325.4m (2022: \u00a345.4m<span class=\"ls9 ws1\"> </span>profit).<span class=\"_ _2b5\"> </span>3.<span class=\"_ _9\"> </span>The adjusted operating profit and adjusted profit before tax for 2022 have been re-presented for the impact of business exits during 2023 and the change in adjusting items. This has resulted in adjusted operating profit decreasing from \u00a3102.9m to<span class=\"ls9 ws1\"> </span>\u00a378.0m and adjusted profit before tax decreasing from \u00a373.8m to<span class=\"ls9 ws1\"> </span>\u00a349.8m<span class=\"_ _2b5\"> </span>Amortisation and impairment of acquired intangible assets:<span class=\"ff62\"> the Group recognised acquired intangible </span>amortisation of <span class=\"ls57 ws46\">\u00a30.2m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a35.1m</span>). These charges are excluded from the adju<span class=\"_ _1\"></span>sted results of the Group because they are non-cash items generated from historical acquisition<span class=\"_ _1\"></span> related activity. The charge is included within administrative expenses.<span class=\"_ _2b5\"> </span>Impairment of goodwill: <span class=\"ff62\">the Group carries on its balance she<span class=\"_ _1\"></span>et significant balances related to goodwill. </span>Goodwill is subject to annual impairment testing and any impairment charg<span class=\"_ _1\"></span>es are reported separately because they are non-cash items generated from historical acquisition<span class=\"_ _1\"></span> related activity. The charge is included within administrative expenses.<span class=\"_ _2b5\"> </span>Net finance costs: <span class=\"ff62 ls9 ws1\">net finance costs excluded from adjusted profits relate to movements in the mark-to<span class=\"_ _1\"></span>-<span class=\"_ _2b5\"> </span></span>market value of forward foreign exchange contracts to cover anticipated<span class=\"_ _1\"></span> future costs and therefore have no equivalent offsetting transaction in the accounting records, also refer to<span class=\"_ _1\"></span> note<span class=\"_ gs15\"> </span><span class=\"ls57 ws46\">4.2.2.<span class=\"_ _2b5\"> </span></span>Business exits:<span class=\"ff62 ls9 ws1\"> the trading result of businesses exited, or in the process of being exited, an<span class=\"_ _1\"></span>d the gain or </span>loss on disposals are excluded from the Group's adjusted results. <span class=\"_ _1\"></span>Note<span class=\"_ gs15\"> </span>2.8 provides further detail <span class=\"ls57 ws46\">regarding </span>which income statement line items are impacted by business exits.<span class=\"_ _2b5\"> </span>Cyber incident:<span class=\"ff62 ls9 ws1\"> As detailed in the Chief Financial Officer's review, the Group has incurred excep<span class=\"_ _1\"></span>tional </span>costs associated with the cyber incident. These costs comprise specialist professiona<span class=\"_ _1\"></span>l fees, recovery and remediation costs and investment to reinforce Capita\u2019s cyber security environmen<span class=\"_ _1\"></span>t. A charge of <span class=\"ls57 ws46\">\u00a325.3m has </span>been recognised in the year ended 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\">, which excludes any potential insurance receipts </span>because they had not met the criteria for recognition. Please also refe<span class=\"_ _1\"></span>r to note<span class=\"_ gs15\"> </span><span class=\"ls57 ws46\">6.2</span> contingent liabilities<span class=\"ls57 ws46\">. The </span>charge is included within administrative expenses.<span class=\"_ _2b5\"> </span>Cost reduction programme:<span class=\"ff62 ls9 ws1\"> As detailed in the Chief Financial Officer\u2019s review, the Group announced the </span>implementation of a significant cost reduction programme in November 20<span class=\"_ _1\"></span>23. A charge of <span class=\"ls57 ws46\">\u00a354.4m has been </span>recognised in the year ended 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> for the costs to deliver the cost reduction programme. This </span>includes redundancy and other costs of \u00a323.3m to deliver a <span class=\"_ _1\"></span>significant reduction in indirect support function and overhead roles, and property related costs of \u00a331.1m arising fro<span class=\"_ _1\"></span>m the associated rationalisation of the Group\u2019s property estate with impairment of right-of-use assets and property, p<span class=\"_ _1\"></span>lant &amp; equipment, and provisions in respect of onerous property costs (refer to<span class=\"_ _1\"></span> notes 3.2, 3.5 and 3.6).<span class=\"ls57 ws46\"> The charge is included </span>within administrative expenses.<span class=\"_ _2b5\"> </span>Refer to note<span class=\"_ gs15\"> </span>2.9.1 for the cash flow impact of the above.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfExpensesByNatureExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-542": {
   "value": "2.3.1 Items charged/(credited) to reported operating profit<span class=\"_ _2b5\"> </span><table class=\"s wce h6d\" id=\"_f3c26cb4-d907-42c1-95e0-bb03f1ff9d8d\"><tr><td></td><td></td><td class=\"t m0 x307 h3b y2ccd ff5f fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y2cce ff60 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x309 h3a y2ccf ff60 fs8 fc7 sc0 ls58 ws47\">Notes<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30a h3b y2ccf ff5f fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2ccf ff60 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2cd0 wcf h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">Depreciation of property, plant and equipment<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x315 y2cd0 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x513 y2cd0 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">31.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x514 y2cd0 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">40.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd1 wd0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Depreciation of right-of-use assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x515 y2cd1 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x516 y2cd1 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">48.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x517 y2cd1 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">56.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd2 wd1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">Impairment of property, plant and equipment<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x518 y2cd2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x519 y2cd2 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">10.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x418 y2cd2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">4.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd3 wd2 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Impairment/(reversal of impairment) of right-of-use assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x51a y2cd3 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x32b y2cd3 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">15.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x51b y2cd3 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">(2.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd4 wd3 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Amortisation of intangible assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x47a y2cd4 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x323 y2cd4 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">29.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x324 y2cd4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">41.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd5 wd4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Impairment of intangible assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x35d y2cd5 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x51c y2cd5 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">0.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x51d y2cd5 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">5.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd6 wd5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Impairment of goodwill<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x51e y2cd6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x51f y2cd6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">42.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c1 y2cd6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">169.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd7 wd6 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Impairment of disposal group assets held for sale<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x520 y2cd7 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">2.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x521 y2cd7 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">18.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x43c y2cd7 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd8 wd7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">Loss on sale of property, plant and equipment and intangibles<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x522 y2cd8 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">2.9.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x523 y2cd8 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x524 y2cd8 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd9 wd8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Income from foreign exchange differences<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x525 y2cd9 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">5.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x526 y2cd9 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">6.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cda wd9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Contract fulfilment asset utilisation, impairment and derecognition<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x527 y2cda w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">3.1.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x528 y2cda w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">84.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x529 y2cda w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">85.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cdb wda h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Contract termination gains<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x52a y2cdb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">6.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x52b y2cdb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2cdc ff60 fs5 fc7 sc0 ls57 ws46\">The net of: accelerated deferred income unwind, and contract </td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2cdd wdb h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">fulfilment asset utilisation<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x52c y2cdd w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">9.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x52d y2cdd w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 wdc h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Onerous contract provisions (net of additions and releases)<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x52e y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">7.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x52f y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">1.7<span class=\"_ _2b5\"> </span></div></td></tr></table>Contract termination gains: <span class=\"ff60\">customer contracts usually conta<span class=\"_ _1\"></span>in provisions to compensate the Group for </span>exit costs and future profits in the event of early termination. During <span class=\"_ _1\"></span><span class=\"ls57 ws46\">2023<span class=\"ls9 ws1\">, customer contract terminations in </span></span>Capita Experience, for customer convenience, led to associated exit fees be<span class=\"_ _1\"></span>ing earned by Capita of <span class=\"ls57 ws46\">\u00a36.0m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">nil) and recorded as income during the year.<span class=\"_ _2b5\"> </span></span>The net of: accelerated deferred income unwind and contract fulfilment asset utilisation: <span class=\"ff60 ls9 ws1\">d</span><span class=\"ff60\">uring 2023<span class=\"ls9 ws1\"> </span></span>the Group recognised a gain<span class=\"ls9 ws1\"> of </span>\u00a39.8m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>no<span class=\"ls9 ws1\"> gains or losses) related to the net of ac</span>celerated deferred income unwinds and non-current contract fulfilment asset utilisation. This p<span class=\"_ _1\"></span>rimarily related to Capita Experience where a contract was terminated earlier than planned.<span class=\"_ _2b5\"> </span>Onerous contract provisions: <span class=\"fs5 fc7 ls57 ws46\">during 2023 the Group recognised a net <span class=\"ls9 ws1\">loss of </span>\u00a37.1m related to onerous </span>contract provisions (refer to note<span class=\"_ gs15\"> </span>3.6) in Capita Experience (<span class=\"_ _1\"></span><span class=\"ls57 ws46\">2022<span class=\"ls9 ws1\">: </span>\u00a31.7m<span class=\"ls9 ws1\"> loss related to contracts in Capita </span></span>Experience).<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDepreciationAndAmortisationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-522": {
   "value": "2.3.2 Fees payable to auditors<span class=\"_ _2b5\"> </span>The amounts included in the table below relate to fees payable<span class=\"_ _1\"></span> to KPMG LLP and its associates:<span class=\"_ _2b5\"> </span><table class=\"s wdd h6e\" id=\"_2bc829c2-6a13-4b91-9805-59378b34cb17\"><tr><td></td><td class=\"t m0 x344 h3b y2cde ff5f fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x345 h3a y2cdf ff60 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x347 h3b y2ce0 ff5f fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2ce0 ff60 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h39 y2ce1 ff5f fs5 fc7 sc0 ls57 ws46\">Audit and audit-related services<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 x530 h38 y2ce2 ff60 fs5 fc7 sc0 ls57 ws46\">The audit of the Parent Company and the Group\u2019s consolidated financial </td><td></td><td></td></tr><tr><td class=\"c n x531 y2ce3 wde h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">statements<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x532 y2ce3 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">4.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x533 y2ce3 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">5.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x531 y2ce4 wdf h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">The audit of the financial statements of the Group\u2019s subsidiary compan<span class=\"_ _1\"></span>ies<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x534 y2ce4 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">0.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x535 y2ce4 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">1.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cb2 we0 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">Total audit and audit-related services<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x536 y2cb2 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x537 y2cb2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">6.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h39 y2ce5 ff5f fs5 fc7 sc0 ls57 ws46\">Non-audit services<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x531 y2ce6 we1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Other assurance services<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x538 y2ce6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x539 y2ce6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x531 y2ce7 we2 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls9 ws1\">Audit-related assurance services<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x53a y2ce7 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">0.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x53b y2ce7 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">1.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bfb we3 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">Total non-audit services<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x525 y2bfb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x526 y2bfb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">1.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 we4 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">Total audit and non-audit services<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x53c y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff5f fs5 fc7 sc0 ls57 ws46\">5.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x53d y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff60 fs5 fc7 sc0 ls57 ws46\">7.7<span class=\"_ _2b5\"> </span></div></td></tr></table>The non-audit fees<span class=\"ls9 ws1\"> in respect of </span>2023<span class=\"ls9 ws1\"> related to the review of interim results, ISAE<span class=\"_ gs15\"> </span>3402 assurance </span>reporting on controls operated by a subsidiary, and ISAE<span class=\"_ gs15\"> </span>3000 assura<span class=\"_ _1\"></span>nce reporting over non-financial metrics reported within the Annual Report and Accounts. In respect of <span class=\"_ _1\"></span><span class=\"ls57 ws46\">2022<span class=\"ls9 ws1\">, the non-audit fees related to </span></span>the review of interim results, and services as reporting accountant for the disp<span class=\"_ _1\"></span>osal of Pay360 Limited.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAuditorsRemunerationExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-445": {
   "value": "Net finance costs: <span class=\"ff62 ls9 ws1\">net finance costs excluded from adjusted profits relate to movements in the mark-to<span class=\"_ _1\"></span>-<span class=\"_ _2b5\"> </span></span>market value of forward foreign exchange contracts to cover anticipated<span class=\"_ _1\"></span> future costs and therefore have no equivalent offsetting transaction in the accounting records, also refer to<span class=\"_ _1\"></span> note<span class=\"_ gs15\"> </span><span class=\"ls57 ws46\">4.2.2.<span class=\"_ _2b5\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceIncomeAndCostsExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-458": {
   "value": "Net finance costs: <span class=\"ff62 ls9 ws1\">net finance costs excluded from adjusted profits relate to movements in the mark-to<span class=\"_ _1\"></span>-<span class=\"_ _2b5\"> </span></span>market value of forward foreign exchange contracts to cover anticipated<span class=\"_ _1\"></span> future costs and therefore have no equivalent offsetting transaction in the accounting records, also refer to<span class=\"_ _1\"></span> note<span class=\"_ gs15\"> </span><span class=\"ls57 ws46\">4.2.2.<span class=\"_ _2b5\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinanceCostsExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-467": {
   "value": "Net finance costs: <span class=\"ff62 ls9 ws1\">net finance costs excluded from adjusted profits relate to movements in the mark-to<span class=\"_ _1\"></span>-<span class=\"_ _2b5\"> </span></span>market value of forward foreign exchange contracts to cover anticipated<span class=\"_ _1\"></span> future costs and therefore have no equivalent offsetting transaction in the accounting records, also refer to<span class=\"_ _1\"></span> note<span class=\"_ gs15\"> </span><span class=\"ls57 ws46\">4.2.2.<span class=\"_ _2b5\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForInterestIncomeAndExpenseExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-474": {
   "value": "2.6 Taxation<span class=\"_ _2b5\"> </span>Accounting policies<span class=\"_ _2b5\"> </span>Tax on <span class=\"_ _1\"></span>the profit or loss <span class=\"_ _1\"></span>for the year <span class=\"_ _1\"></span>comprises current and <span class=\"_ _1\"></span>deferred tax. Tax is <span class=\"_ _1\"></span>recognised in the <span class=\"_ _1\"></span>income statement except <span class=\"_ _1\"></span>to the extent that <span class=\"_ _1\"></span>it relates to <span class=\"_ _1\"></span>items recognised directly <span class=\"_ _1\"></span>in equity or other <span class=\"_ _1\"></span>comprehensive income.<span class=\"_ _2b5\"> </span>Current tax is the expected tax payable or receivable on the taxable<span class=\"_ _1\"></span> income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date<span class=\"_ _1\"></span>, and any adjustment to tax payable in respect of previous years.<span class=\"_ _2b5\"> </span>Deferred tax is provided, using the liability method, on all temporary differen<span class=\"_ _1\"></span>ces at the balance sheet date between the tax bases of assets and liabilities and their carrying amou<span class=\"_ _1\"></span>nts for financial reporting purposes.<span class=\"_ _2b5\"> </span>Deferred tax liabilities are recognised for all taxable temporary difference<span class=\"_ _1\"></span>s:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>except where the deferred tax liability arises from the in<span class=\"_ _1\"></span>itial recognition of goodwill;<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>except where the deferred tax liability arises from the in<span class=\"_ _1\"></span>itial recognition of an asset or liability in a transaction that is not a business combination and, at the time of the tra<span class=\"_ _1\"></span>nsaction, affects neither the accounting profit nor taxable profit or loss; and<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>in respect of taxable temporary differences associa<span class=\"_ _1\"></span>ted with investments in subsidiaries, associates and interests in joint ventures, except where the timing of the reversal of the tempo<span class=\"_ _1\"></span>rary differences can be controlled and it is probable that the temporary differences will not reve<span class=\"_ _1\"></span>rse in the foreseeable future.<span class=\"_ _2b5\"> </span>The carrying amount of deferred tax assets is reviewed at each balan<span class=\"_ _1\"></span>ce sheet date and reduced to the extent that it is no longer probable that sufficient taxable profit will be a<span class=\"_ _1\"></span>vailable to allow all or part of the deferred tax asset to be utilised.<span class=\"_ _2b5\"> </span>Deferred tax assets and liabilities are measured at the tax rates that are e<span class=\"_ _1\"></span>xpected to apply to the year when the asset is realised or the liability is settled, based on tax rates (and tax laws) th<span class=\"_ _1\"></span>at have been enacted or substantively enacted at the balance sheet date.<span class=\"_ _2b5\"> </span>Significant accounting judgements and assumptions<span class=\"_ _2b5\"> </span>Deferred tax assets are recognised for all deductible temporary differen<span class=\"_ _1\"></span>ces, carry-forward of unused tax assets and unused tax losses, to the extent that it is probable that taxab<span class=\"_ _1\"></span>le profit will be available against which the deductible temporary differences and the carry-forward of un<span class=\"_ _1\"></span>used tax assets and unused tax losses can be utilised, except where the deferred tax asset relating to th<span class=\"_ _1\"></span>e deductible temporary difference arises from the initial recognition of an asset or liability in a transaction that is n<span class=\"_ _1\"></span>ot a business combination and, at the time of the transaction, affects neither the accounting pro<span class=\"_ _1\"></span>fit nor taxable profit or loss. This involves an assessment of when those assets are likely to reverse, and a jud<span class=\"_ _1\"></span>gement as to whether or not there will be sufficient taxable profits available to offset the assets when they d<span class=\"_ _1\"></span>o reverse. This requires assumptions regarding future profitability and is therefore inheren<span class=\"_ _1\"></span>tly uncertain. To the extent assumptions regarding future profitability change, there may be an increase o<span class=\"_ _1\"></span>r decrease in the amounts recognised in respect of deferred tax assets as well as in the amounts recognised durin<span class=\"_ _1\"></span>g the year in which the change occurs.<span class=\"_ _2b5\"> </span>Sensitivities and additional information relating to deferred tax assets/liab<span class=\"_ _1\"></span>ilities are provided in note<span class=\"_ gs15\"> </span>2.6.2.<span class=\"_ _2b5\"> </span><div class=\"t m0 h39 ff68 fs5 fc6 sc0 ls57 ws46 gs2df\">2.6.1 Income tax charge<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff69 fs5 fc7 sc0 ls57 ws46 gs2e0\">The reported income tax charge<span class=\"ls9 ws1\"> for the period is </span>\u00a374.0m on reported <span class=\"ls9 ws1\">loss before tax of </span>\u00a3106.6m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span></div><div class=\"t m0 h38 ff69 fs5 fc7 sc0 ls9 ws1 gs2e1\">reported income tax credit of <span class=\"ls57 ws46\">\u00a314.6m on reported </span>profit of <span class=\"ls57 ws46\">\u00a361.4m</span>), and an a<span class=\"_ _1\"></span>djusted income tax <span class=\"ls57 ws46\">charge</span> for </div><div class=\"t m0 h38 ff69 fs5 fc7 sc0 ls57 ws46 gs2e2\">the period of \u00a331.1m on adjusted <span class=\"ls9 ws1\">profit before tax of </span>\u00a356.5m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: adjusted tax </span>charge<span class=\"ls9 ws1\"> of </span>\u00a34.4m on </div><div class=\"t m0 h38 ff69 fs5 fc7 sc0 ls57 ws46 gs2e3\">adjusted <span class=\"ls9 ws1\">profit of </span>\u00a349.8m<span class=\"ls9 ws1\">). The most significant reconciling items, explaining the difference<span class=\"_ _1\"></span> from the </span></div><div class=\"t m0 h38 ff69 fs5 fc7 sc0 ls9 ws1 gs2e4\">standard UK <span class=\"ls57 ws46\">weighted average corporation tax rate of 23.5%</span> for the period (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">19.0%</span>)<span class=\"ls57 ws46\"> are changes in </span></div><div class=\"t m0 h38 ff69 fs5 fc7 sc0 ls9 ws1 gs2e5\">the accounting estimate of recognised deferred tax assets, unrecog<span class=\"_ _1\"></span>nised current year tax losses carried </div><div class=\"t m0 h38 ff69 fs5 fc7 sc0 ls57 ws46 gs2e6\">forward and non-deductible goodwill impairment.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff69 fs5 fc7 sc0 ls9 ws1 gs2e7\">The forecast future adjusted effective tax rates, before and assuming<span class=\"_ _1\"></span> no material changes to tax laws in the </div><div class=\"t m0 h38 ff69 fs5 fc7 sc0 ls9 ws1 gs2e8\">jurisdictions in which Capita operates, are expected to be broadly similar to<span class=\"_ _1\"></span> the UK corporation tax rate, with </div><div class=\"t m0 h38 ff69 fs5 fc7 sc0 ls9 ws1 gs2e9\">an increase for taxable profits in higher tax rate jurisdictions.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff69 fs5 fc7 sc0 ls9 ws1 gs2ea\">The major components of the income tax charge/(credit) are set out be<span class=\"_ _1\"></span>low:<span class=\"_ _2b5\"> </span></div><div class=\"gs2eb\"><table class=\"s wf7 h71\" id=\"_6b0d3f11-5a6d-4bb8-8e7d-e81342ae695f\"><tr><td></td><td></td><td class=\"c n x60c y2d25 wc7 h69\"><div class=\"t m0 x2bd h3a y2c9f ff68 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n x60d y2d25 wc7 h67\"><div class=\"t m0 x2bd h3a y2c9f ff69 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"c x542 y2d26 w12 h48\"><div class=\"t m0 xb8 h3b y1f40 ff68 fs8 fc7 sc0 ls58 ws47\">Not </div></td><td></td><td></td><td class=\"t m0 x60e h3a y2d27 ff69 fs8 fc7 sc0 ls58 ws47\">Not </td></tr><tr><td></td><td></td><td class=\"t m0 x60f h3b y2d28 ff68 fs8 fc7 sc0 ls58 ws47\">Included in<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4e2 h3b y2d28 ff68 fs8 fc7 sc0 ls58 ws47\">included in<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 x610 h3a y2d28 ff69 fs8 fc7 sc0 ls58 ws47\">Included in<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x541 h3a y2d28 ff69 fs8 fc7 sc0 ls58 ws47\">included in<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x4e1 h3b y2d29 ff68 fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td><td class=\"c x611 y2d26 w12 h48\"><div class=\"t m0 x246 h3b y1f3f ff68 fs8 fc7 sc0 ls58 ws47\">adjusted </div></td><td class=\"c x542 y2d26 w12 h48\"><div class=\"t m0 x246 h3b y1f3f ff68 fs8 fc7 sc0 ls58 ws47\">adjusted </div></td><td class=\"t m0 x612 h3a y2d29 ff69 fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x613 h3a y2d29 ff69 fs8 fc7 sc0 ls58 ws47\">adjusted </td><td class=\"t m0 x614 h3a y2d29 ff69 fs8 fc7 sc0 ls58 ws47\">adjusted </td></tr><tr><td></td><td class=\"t m0 x615 h3b y2d2a ff68 fs8 fc7 sc0 ls58 ws47\">reported<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x616 h3b y2d2a ff68 fs8 fc7 sc0 ls58 ws47\">profit<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x617 h3b y2d2a ff68 fs8 fc7 sc0 ls58 ws47\">profit<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x546 h3a y2d2a ff69 fs8 fc7 sc0 ls58 ws47\">reported<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x618 h3a y2d2a ff69 fs8 fc7 sc0 ls58 ws47\">profit<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4ea h3a y2d2a ff69 fs8 fc7 sc0 ls58 ws47\">profit<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h3b y2d2b ff68 fs8 fc7 sc0 ls58 ws47\">Consolidated income statement<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x619 h3b y2d2b ff68 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4fb h3b y2d2b ff68 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x61a h3b y2d2b ff68 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4e3 h3a y2d2b ff69 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x61b h3a y2d2b ff69 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2d2b ff69 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y2d2c ff68 fs5 fc7 sc0 ls9 ws1\">Current income tax<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x61c y2d12 wf8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">Current income tax charge/(credit)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x61d y2d12 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">26.2</div></td><td class=\"c n x61e y2d12 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">26.4</div></td><td class=\"c n x61f y2d12 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls9 ws1\">(0.2)</div></td><td class=\"c n x620 y2d12 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">14.0</div></td><td class=\"c n x621 y2d12 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">7.6</div></td><td class=\"c n x526 y2d12 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">6.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2d2d wf9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">Adjustment in respect of prior years<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x622 y2d2d w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">4.0</div></td><td class=\"c n x623 y2d2d w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">4.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x624 y2d2d w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x625 y2d2d w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">(1.2)</div></td><td class=\"c n x626 y2d2d w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">(1.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x627 y2d2d w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2d2e ff68 fs5 fc7 sc0 ls9 ws1\">Deferred tax<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x2e9 h38 y2d2f ff69 fs5 fc7 sc0 ls9 ws1\">On origination and reversal of temporary </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x61c y2d30 wfa h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">differences<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x61d y2d30 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">43.9</div></td><td class=\"c n x628 y2d30 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">0.8</div></td><td class=\"c n x629 y2d30 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">43.1</div></td><td class=\"c n x62a y2d30 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">(36.7)</div></td><td class=\"c n x62b y2d30 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">(11.3)</div></td><td class=\"c n x62c y2d30 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">(25.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2e9 h38 y2d31 ff69 fs5 fc7 sc0 ls9 ws1\">Effect of changes in tax rate on deferred tax </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x61c y2cf3 wfb h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">balances<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x62d y2cf3 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls9 ws1\">(0.4)</div></td><td class=\"c n x62e y2cf3 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls9 ws1\">(0.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x62f y2cf3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x630 y2cf3 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">3.0</div></td><td class=\"c n x631 y2cf3 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">3.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x43c y2cf3 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2d32 wf9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">Adjustment in respect of prior years<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x622 y2d32 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">0.3</div></td><td class=\"c n x623 y2d32 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">0.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x624 y2d32 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x632 y2d32 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">6.3</div></td><td class=\"c n x633 y2d32 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">6.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x634 y2d32 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 wfc h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">Total charge/(credit)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x635 y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">74.0</div></td><td class=\"c n x636 y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">31.1</div></td><td class=\"c n x637 y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">42.9</div></td><td class=\"c n x638 y2be6 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">(14.6)</div></td><td class=\"c n x639 y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">4.4</div></td><td class=\"c n x63a y2be6 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">(19.0)<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h43 ff69 fs1e fc7 sc0 ls9 ws1 gs2ec\">1<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h43 ff69 fs1e fc7 sc0 ls9 ws1 gs2ed\">1<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3a ff69 fs8 fc7 sc0 ls58 ws47 gs2ee\">1.<span class=\"_ _9\"> </span>To enable a like-for-like comparison of adjusted results, the 2022 comparatives have been re-presented to exclude the businesses classified </div><div class=\"t m0 h3a ff69 fs8 fc7 sc0 ls58 ws47 gs2ef\">as business exits during 2023 from adjusted profit. Refer to note 2.8.<span class=\"_ _2b5\"> </span></div><div class=\"gs2f0\"><table class=\"s wfd h72\" id=\"_6c13d54b-e59b-46d5-8cb3-e58b023a34e7\"><tr><td></td><td class=\"t m0 x63b h3b y2d33 ff68 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x308 h3a y2d33 ff69 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td class=\"t m0 x2d8 h3b y2d34 ff68 fs8 fc7 sc0 ls58 ws47\">Consolidated statement of comprehensive income and consolidated statement of changes in equity<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x63c h3b y2d34 ff68 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2d34 ff69 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2d35 wfe h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">Deferred tax movement on cash flow hedges<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x63d y2d35 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls9 ws1\">(2.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x63e y2d35 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">1.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2d36 ff69 fs5 fc7 sc0 ls9 ws1\">Deferred tax movement in relation to actuarial changes on defined<span class=\"_ _1\"></span> benefit </td><td></td><td></td></tr><tr><td class=\"c n x2be y2cf1 wff h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">pension schemes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x63f y2cf1 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">3.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x640 y2cf1 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">5.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf2 w100 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">Current income tax movement on defined benefit pension scheme con<span class=\"_ _1\"></span>tributions<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x641 y2cf2 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">(19.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x642 y2cf2 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">(7.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bf8 w101 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">Deferred tax movement in relation to share-based payments<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x643 y2bf8 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls9 ws1\">(0.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x644 y2bf8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bfb w102 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">Current income tax deduction on the exercise of share options<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x645 y2bfb w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x634 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w103 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">Total credit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x646 y2be6 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">(18.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x647 y2be6 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">(0.4)<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ff69 fs5 fc7 sc0 ls9 ws1 gs2f2\">The reconciliation between the total tax charge/(credit) and the a<span class=\"_ _1\"></span>ccounting profit multiplied by the UK </div><div class=\"t m0 h38 ff69 fs5 fc7 sc0 ls57 ws46 gs2f3\">weighted average corporation<span class=\"ls9 ws1\"> tax rate is as follows:<span class=\"_ _2b5\"> </span></span></div><div class=\"gs2f4\"><table class=\"s w104 h73\" id=\"_8ce4b185-8b5e-445c-acdb-5004d228117f\"><tr><td></td><td></td><td></td><td class=\"c n x648 y2d38 w105 h69\"><div class=\"t m0 x2bd h3b y2d37 ff68 fs8 fc7 sc0 ls58 ws47\">Total tax<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x649 y2d38 w29 h69\"><div class=\"t m0 x2bd h3b y2d37 ff68 fs8 fc7 sc0 ls58 ws47\">Current tax<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td></td><td class=\"t m0 x64a h3b y2d39 ff68 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x64b h3a y2d39 ff69 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x64c h3b y2d39 ff68 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x345 h3a y2d39 ff69 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x64d h3b y2d3a ff68 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x64e h3a y2d3a ff69 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x64f h3b y2d3a ff68 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2d3a ff69 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2d3b w106 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">(Loss)/profit before tax<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x650 y2d3b w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">(106.6)</div></td><td class=\"c n x651 y2d3b w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">61.4</div></td><td class=\"c n x652 y2d3b w107 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">(106.<span class=\"_ _2a\"></span>6)</div></td><td class=\"c n x359 y2d3b w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">61.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2d3c ff69 fs5 fc7 sc0 ls9 ws1\">Notional (credit)/charge at UK weighted average </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2d3d w108 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">corporation tax rate of <span class=\"ls57 ws46\">23.5%</span> (<span class=\"ls57 ws46\"></span><span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">19.0%</span>)<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x653 y2d3d w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">(25.1)</div></td><td class=\"c n x654 y2d3d w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">11.7</div></td><td class=\"c n x655 y2d3d w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">(25.1)</div></td><td class=\"c n x656 y2d3d w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">11.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2d3e ff69 fs5 fc7 sc0 ls9 ws1\">Adjustments in respect of current income tax of prior </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2d3f w109 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">years<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x657 y2d3f w10a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">a</div></td><td class=\"c n x658 y2d3f w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">4.0</div></td><td class=\"c n x659 y2d3f w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">(1.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x65a y2d3f w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">4.0</div></td><td class=\"c n x65b y2d3f w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">(1.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d40 w10b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">Adjustments in respect of deferred tax of prior years<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x65c y2d40 w10a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">b</div></td><td class=\"c n x312 y2d40 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">0.3</div></td><td class=\"c n x65d y2d40 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">6.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x65e y2d40 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x65f y2d40 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2d41 ff69 fs5 fc7 sc0 ls57 ws46\">Non-deductible expenses/(non-taxable income) \u2013 </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2d42 w40 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">adjusted<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x660 y2d42 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">0.2</div></td><td class=\"c n x661 y2d42 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">(2.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x662 y2d42 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">0.2</div></td><td class=\"c n x663 y2d42 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">(2.3)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bed w10c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">Non-deductible expenses \u2013 business exit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x664 y2bed w10d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">c*</div></td><td class=\"c n x665 y2bed w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">4.9</div></td><td class=\"c n x666 y2bed w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">2.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x667 y2bed w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">4.9</div></td><td class=\"c n x668 y2bed w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">2.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d43 w10e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">Non-deductible expenses \u2013 specific items<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x669 y2d43 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">1.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x66a y2d43 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x66b y2d43 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">1.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x66c y2d43 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d44 w10f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">Loss/(profit) on disposal of businesses<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x66d y2d44 w110 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">d*</div></td><td class=\"c n x315 y2d44 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">0.6</div></td><td class=\"c n x66e y2d44 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">(31.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x66f y2d44 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">0.6</div></td><td class=\"c n x670 y2d44 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">(31.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d45 w111 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">Non-deductible goodwill impairment<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x671 y2d45 w110 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">e*</div></td><td class=\"c n x41d y2d45 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">9.9</div></td><td class=\"c n x672 y2d45 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">32.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x673 y2d45 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">9.9</div></td><td class=\"c n x674 y2d45 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">32.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d46 w112 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">Difference in rate recognition of temporary differences<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x675 y2d46 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls9 ws1\">(0.4)</div></td><td class=\"c n x676 y2d46 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">3.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x677 y2d46 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x678 y2d46 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d47 w113 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">Tax provided on unremitted earnings<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x679 y2d47 w114 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">f</div></td><td class=\"c n x67a y2d47 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">0.2</div></td><td class=\"c n x67b y2d47 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">1.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x67c y2d47 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x67d y2d47 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2d48 ff69 fs5 fc7 sc0 ls9 ws1\">Attributable to different tax rates in overseas </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2d49 w115 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">jurisdictions<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x67e y2d49 w10a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">g</div></td><td class=\"c n x67f y2d49 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls9 ws1\">(4.3)</div></td><td class=\"c n x680 y2d49 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x681 y2d49 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls9 ws1\">(2.9)</div></td><td class=\"c n x682 y2d49 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2d4a ff69 fs5 fc7 sc0 ls9 ws1\">Movement in unrecognised temporary differences<span class=\"_ _2b5\"> </span></td><td class=\"c x683 y2d4b w13 h49\"><div class=\"t m0 x24e h38 y1f6f ff69 fs5 fc7 sc0 ls57 ws46\">note </div><div class=\"t m0 x24f h38 y1f70 ff69 fs5 fc7 sc0 ls57 ws46\">2.6.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x684 y2d4c w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">82.0</div></td><td class=\"c n x685 y2d4c w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">(36.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x686 y2d4c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x687 y2d4c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d4d w116 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">Fixed asset temporary differences<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x688 y2d4d w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x689 y2d4d w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x68a y2d4d w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">5.7</div></td><td class=\"c n x68b y2d4d w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">6.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d4e w117 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">Current tax impact on other temporary differences<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x688 y2d4e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x689 y2d4e w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x68c y2d4e w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls9 ws1\">(0.4)</div></td><td class=\"c n x68d y2d4e w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">(6.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d4f w118 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">Carry forward of losses in current period<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x657 y2d4f w10a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">h<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x68e y2d4f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x68f y2d4f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"c n x690 y2d4f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">31.6</div></td><td class=\"c n x524 y2d4f w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">1.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2d50 ff69 fs5 fc7 sc0 ls9 ws1\">At the effective total tax rate of <span class=\"ls57 ws46\">(69.4)%</span> (<span class=\"ls57 ws46\">2022</span>: </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x349 h38 y2d51 ff69 fs5 fc7 sc0 ls57 ws46\">(23.8)%<span class=\"ls9 ws1\">) and the effective current tax rate of </span>(28.3)%<span class=\"ls9 ws1\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2d52 w119 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">(<span class=\"ls57 ws46\"></span><span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">20.8%</span>)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x691 y2d52 w11a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls9 ws1\">i</div></td><td class=\"c n x692 y2d52 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">74.0</div></td><td class=\"c n x693 y2d52 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">(14.6)</div></td><td class=\"c n x694 y2d52 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">30.2</div></td><td class=\"c n x359 y2d52 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">12.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h39 y2d53 ff68 fs5 fc7 sc0 ls57 ws46\">Tax charge/(credit) reported in the income </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2be6 w11b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">statement<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x695 y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">74.0</div></td><td class=\"c n x693 y2be6 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">(14.6)</div></td><td class=\"c n x694 y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff68 fs5 fc7 sc0 ls57 ws46\">30.2</div></td><td class=\"c n x359 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff69 fs5 fc7 sc0 ls57 ws46\">12.8<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h3a ff69 fs8 fc7 sc0 ls9 ws1 gs2f5\">*<span class=\"_ _15\"> </span><span class=\"ls58 ws47\">These \u00a315.4m (2022: \u00a32.7m) of reconciling items relate to the reported tax charge only, with no impact on the adjusted tax charge. Further </span></div><div class=\"t m0 h3a ff69 fs8 fc7 sc0 ls58 ws47 gs2f6\">details are given below.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3a ff69 fs8 fc7 sc0 ls9 ws1 gs2f7\">a<span class=\"_ _1ff\"> </span><span class=\"ls58 ws47\">The \u00a34.0m prior year charge adjustment includes: (i) \u00a30.2m for additional uncertain tax positions provided against; (ii) \u00a30.3m credit which </span></div><div class=\"t m0 h3a ff69 fs8 fc7 sc0 ls58 ws47 gs2f8\">has a corresponding impact within deferred tax of prior years; and (iii) a \u00a34.1m charge to adjust for finalisation of submitted tax returns for </div><div class=\"t m0 h3a ff69 fs8 fc7 sc0 ls58 ws47 gs2f9\">which there is no opposite deferred tax credit in relation to the temporary difference true-up because these are unrecognised.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3a ff69 fs8 fc7 sc0 ls9 ws1 gs2fa\">b<span class=\"_ _1ff\"> </span><span class=\"ls58 ws47\">Adjustments in respect of deferred tax of prior years mainly relate to \u00a30.3m of charges which have a corresponding impact within current </span></div><div class=\"t m0 h3a ff69 fs8 fc7 sc0 ls58 ws47 gs2fb\">income tax of prior years.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3a ff69 fs8 fc7 sc0 ls9 ws1 gs2fc\">c*<span class=\"_ _22\"> </span><span class=\"ls58 ws47\">Business<span class=\"_ _2a\"></span> exit: relates to non-deductible closure costs associated with the sale of entities. Refer to note<span class=\"_ gs234\"> </span>2.8 for further details.<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h3a ff69 fs8 fc7 sc0 ls58 ws47 gs2fd\">d*<span class=\"_ _22\"> </span>Relates to the application of the tax exemption on accounting losses from the sale of entities. Refer to note<span class=\"_ gs234\"> </span>2.8.1 for further details.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3a ff69 fs8 fc7 sc0 ls58 ws47 gs2fe\">e*<span class=\"_ _22\"> </span>Relates to the<span class=\"ls9 ws1\"> </span>goodwill impairments as detailed further in note<span class=\"_ gs234\"> </span>3.4.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3a ff69 fs8 fc7 sc0 ls9 ws1 gs2ff\">f<span class=\"_ _31\"> </span><span class=\"ls58 ws47\">Movement on the deferred tax liability recognised on the unremitted earnings of those subsidiaries affected by withholding taxes.<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h3a ff69 fs8 fc7 sc0 ls9 ws1 gs300\">g<span class=\"_ _1ff\"> </span><span class=\"ls58 ws47\">Mainly relates to tax payable at lower rates, eg in the Isle of Man.<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h3a ff69 fs8 fc7 sc0 ls9 ws1 gs301\">h<span class=\"_ _1ff\"> </span><span class=\"ls58 ws47\">Relates to the carry forward of tax losses in the current period, most of which arise in relation to adjusting items (cost reduction programme </span></div><div class=\"t m0 h3a ff69 fs8 fc7 sc0 ls58 ws47 gs302\">and cyber incident) and deductible pension contributions in the period.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3a ff69 fs8 fc7 sc0 ls9 ws1 gs303\">i<span class=\"_ _31\"> </span><span class=\"ls58 ws47\">The current tax charge of \u00a330.2m (2022: \u00a312.8m) results in an effective current tax rate of (28.3)%, which is different from the UK weighted </span></div><div class=\"t m0 h3a ff69 fs8 fc7 sc0 ls58 ws47 gs304\">average statutory rate of tax of 23.5% predominantly due to: non-deductible goodwill impairment; and unrecognised losses carried </div><div class=\"t m0 h3a ff69 fs8 fc7 sc0 ls58 ws47 gs305\">forward. The impact of differing overseas tax rates is covered in footnote g.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff6a fs5 fc6 sc0 ls57 ws46 gs307\">2.6.2 <span class=\"ls9 ws1\">Deferred tax<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs308\">A change to the main UK statutory corporation tax rate was sub<span class=\"_ _1\"></span>stantively enacted on 24<span class=\"_ gs15\"> </span>May 2021. The </div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs309\">rate applicable from 1<span class=\"_ gs15\"> </span>April 2023 increased from 19% to 25%. The ne<span class=\"_ _1\"></span>t UK deferred tax assets for the period </div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls57 ws46 gs30a\">to 31<span class=\"_ gs15\"> </span>December 2023, and the prior period, have been calculated based on this rate.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs30b\">Deferred tax relates to the following:<span class=\"_ _2b5\"> </span></div><div class=\"gs30c\"><table class=\"s w11c h74\" id=\"_b040e34d-b24e-414e-9ff5-9655d9b6c33c\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x696 h3b y2d54 ff6a fs8 fc7 sc0 ls58 ws47\">Credited/(charged) to<span class=\"_ _2b5\"> </span></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x697 h3b y2d55 ff6a fs8 fc7 sc0 ls58 ws47\">OCI and<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x698 h3a y2d56 ff6b fs8 fc7 sc0 ls58 ws47\">At </td><td class=\"t m0 x616 h3b y2d56 ff6a fs8 fc7 sc0 ls58 ws47\">Income<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x699 h3b y2d56 ff6a fs8 fc7 sc0 ls58 ws47\">changes in<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x69a h3b y2d56 ff6a fs8 fc7 sc0 ls58 ws47\">Other </td><td class=\"t m0 x69b h3b y2d56 ff6a fs8 fc7 sc0 ls58 ws47\">At </td></tr><tr><td></td><td class=\"t m0 x69c h3a y2d57 ff6b fs8 fc7 sc0 ls58 ws47\">1<span class=\"_ gs234\"> </span>January </td><td class=\"t m0 x69d h3b y2d57 ff6a fs8 fc7 sc0 ls58 ws47\">statement<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x69e h3b y2d57 ff6a fs8 fc7 sc0 ls58 ws47\">equity<span class=\"_ _2b5\"> </span></td><td class=\"c x6a0 y2d59 w11d h75\"><div class=\"t m0 x2bd h3b y2d37 ff6a fs8 fc7 sc0 ls58 ws47\">movements</div><div class=\"t m0 x69f h4a y2d58 ff6a fs1e fc7 sc0 ls5c ws4b\">2<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 x6a1 h3b y2d57 ff6a fs8 fc7 sc0 ls58 ws47\">31<span class=\"_ gs234\"> </span>December </td></tr><tr><td></td><td class=\"t m0 x4f7 h3a y2d5a ff6b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x6a2 h3b y2d5a ff6a fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x6a3 h3b y2d5a ff6a fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x63c h3b y2d5a ff6a fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3b y2d5a ff6a fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y2d5b ff6a fs5 fc7 sc0 ls57 ws46\">Deferred tax assets<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x61c y2d5c w11e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">Fixed assets which qualify for tax relief<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6a4 y2d5c w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">90.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6a5 y2d5c w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(1.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6a6 y2d5c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6a7 y2d5c w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(2.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6a8 y2d5c w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">87.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2e9 h38 y2d5d ff6b fs5 fc7 sc0 ls9 ws1\">Provisions and other temporary </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x61c y2bd8 wfa h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">differences<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6a9 y2bd8 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">10.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6aa y2bd8 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(1.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ab y2bd8 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">2.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ac y2bd8 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ad y2bd8 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">11.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2bd9 w11f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">Pension schemes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ae y2bd9 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">5.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6af y2bd9 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b0 y2bd9 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(3.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b1 y2bd9 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b2 y2bd9 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">1.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2d5e w120 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">Share-based payments<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b3 y2d5e w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">1.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b4 y2d5e w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b5 y2d5e w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b6 y2d5e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b7 y2d5e w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">1.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2e9 h38 y2d5f ff6b fs5 fc7 sc0 ls9 ws1\">Tax losses<span class=\"_ _2b5\"> </span></td><td class=\"c n x6b8 y2bdb w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">81.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b9 y2bdb w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">(42.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ba y2bdb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6bb y2bdb w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(2.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6bc y2bdb w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">36.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x6bd y2d60 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">189.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6be y2d60 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">(45.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6bf y2d60 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c0 y2d60 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(5.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c1 y2d60 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">138.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2d61 w121 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">Jurisdictional netting<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c2 y2d61 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">(0.4)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x6c3 y2d61 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">1.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2d62 w122 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">Net deferred tax assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c4 y2d62 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">189.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c5 y2d62 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">(45.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c6 y2d62 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c7 y2d62 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(5.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c8 y2d62 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">140.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2d63 ff6a fs5 fc7 sc0 ls9 ws1\">Deferred tax liabilities<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x61c y2d64 w123 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">Acquired intangibles<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c9 y2d64 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ca y2d64 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6cb y2d64 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6cc y2d64 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6cd y2d64 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2d65 w5a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">Contract fulfilment assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ce y2d65 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">(2.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6cf y2d65 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">2.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d0 y2d65 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d1 y2d65 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d2 y2d65 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2be2 w123 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">Unremitted earnings<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c9 y2be2 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">(4.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d3 y2be2 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d4 y2be2 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d5 y2be2 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d6 y2be2 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(5.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x6d7 y2d66 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">(7.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d8 y2d66 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">1.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ba y2d66 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d9 y2d66 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6da y2d66 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(5.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2d67 w121 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">Jurisdictional netting<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6db y2d67 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">0.4<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x6dc y2d67 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(1.8)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2d68 w5a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">Net deferred tax liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ce y2d68 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">(6.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6cf y2d68 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">1.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d0 y2d68 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d1 y2d68 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d2 y2d68 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(7.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w124 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">Net deferred tax<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6dd y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">182.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6de y2be6 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">(43.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6df y2be6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6e0 y2be6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(5.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6e1 y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">133.1<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h3e ff6b fs1c fc7 sc0 ls9 ws1 gs30d\">1<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3a ff6b fs8 fc7 sc0 ls58 ws47 gs30e\">1.<span class=\"_ _9\"> </span>Mainly trading losses available to shelter future profits and deferred interest.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3a ff6b fs8 fc7 sc0 ls58 ws47 gs30f\">2.<span class=\"_ _9\"> </span>Other movements includes business disposals.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs311\">The main movement in the net deferred tax asset is the income statemen<span class=\"_ _1\"></span>t tax charge arising on the change </div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs312\">in the accounting estimate of deferred tax.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs313\">For the purpose of recognising deferred tax on the pension<span class=\"_ _1\"></span> scheme surplus, withholding tax at 35% would </div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs314\">apply for any surplus being refunded to the Group at the end o<span class=\"_ _1\"></span>f the life of the scheme. Corporation tax at </div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs315\">25% would apply for any surplus expected to unwind over the life of the<span class=\"_ _1\"></span> scheme. Management have </div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls57 ws46 gs316\">concluded that the corporation tax rate should apply to the recognition of deferred t<span class=\"_ _2a\"></span>ax on the pension </div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs317\">scheme surplus, reflecting the Group\u2019s intention regarding the mann<span class=\"_ _1\"></span>er of recovery of the asset.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs318\">Deferred tax assets are recognised only to the extent that it is probable th<span class=\"_ _1\"></span>at future taxable profits will be </div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs319\">available against which the assets can be utilised. The recoverability of d<span class=\"_ _1\"></span>eferred tax assets is supported by </div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs31a\">the deferred tax liabilities against which the reversal can be offset and th<span class=\"_ _1\"></span>e expected level of future taxable </div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs31b\">profits available to offset the assets when they reverse.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls57 ws46 gs31c\">The recognition of deferred tax assets at 31<span class=\"_ gs15\"> </span>December 2023 has been based on the forecast account<span class=\"_ _2a\"></span>ing </div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs31d\">profits in the 2024-2026 business plans (BP) approved by the Board<span class=\"_ _1\"></span>. This is the same plan used to derive </div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs31e\">forecast cash flows for the goodwill impairment test (refer to note <span class=\"_ _1\"></span><span class=\"ls57 ws46\">3.4<span class=\"ls9 ws1\">). A long-term growth rate of 1.7%, as </span></span></div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs31f\">used for impairment test purposes, has been applied to the years b<span class=\"_ _1\"></span>eyond 2026. A reducing probability </div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs320\">factor has also been applied to future profits for the potential de<span class=\"_ _1\"></span>crease in reliability of forecasts extrapolated </div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs321\">for later years, such that profits beyond seven years of the balance she<span class=\"_ _1\"></span>et date have not been considered </div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs322\">probable for the purpose of assessing deferred tax asset recogn<span class=\"_ _1\"></span>ition.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs323\">Unused tax losses make up the majority of the temporary differences availab<span class=\"_ _1\"></span>le to be utilised in future </div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs324\">periods. These losses mainly arose due to the historic adoption of IF<span class=\"_ _1\"></span>RS<span class=\"_ gs15\"> </span>15, previous Covid-19 related </div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs325\">downward pressures on profits and tax deductible restructuring costs, an<span class=\"_ _1\"></span>d in the current year due to tax </div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs326\">deductible cost reduction programme expenses, cyber costs and pen<span class=\"_ _1\"></span>sion contributions. Based on the </div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs327\">forecast accounting profits, management have concluded that some<span class=\"_ _1\"></span> of the deductible temporary differences </div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs328\">and unused tax losses are not recognisable due to uncertain<span class=\"_ _1\"></span>ty in their recoverability. Therefore, there is a </div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs329\">decrease in the amounts previously recognised in respect of deferre<span class=\"_ _1\"></span>d tax assets, along with further </div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs32a\">unrecognised temporary differences arising during the year. The<span class=\"_ _1\"></span> impact of this is a charge to the income </div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs32b\">statement of \u00a345.2m. This is included in the movement in unrecognise<span class=\"_ _1\"></span>d temporary differences of <span class=\"ls57 ws46\">\u00a382.0m</span> in </div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs32c\">the tax reconciliation table in section<span class=\"_ gs15\"> </span>2.6.1<span class=\"_ _1\"></span> above, which also includes unrecognised current year t<span class=\"ls57 ws46\">emporary </span></div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs32d\">differences (mainly losses) of \u00a336.8m. The reported income statement cha<span class=\"_ _1\"></span>rge <span class=\"ls57 ws46\">includes \u00a345.5m change in </span></div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs264\">the deferred tax asset estimate due to the reduction in future taxab<span class=\"_ _1\"></span>le profits on disposal of taxable </div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs265\">subsidiaries, reflected in the tax arising on business exits (see Note <span class=\"_ _1\"></span><span class=\"ls57 ws46\">2.8).<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs32e\">Deferred tax asset recognition depends on the reliability of manag<span class=\"_ _1\"></span>ement\u2019s forecasts and the assumptions </div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls57 ws46 gs32f\">that underlie them. Management have considered the severe but plausible downsides appli<span class=\"_ _2a\"></span>ed to the base-<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs268\">case projections for assessing going concern and viability, to gauge<span class=\"_ _1\"></span> sensitivity and identify a reasonable </div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs106\">possible alternative result. This scenario identified a further potentia<span class=\"_ _1\"></span>l reduction in recognised deferred tax </div><div class=\"t m0 h38 ff6b fs5 fc7 sc0 ls9 ws1 gs269\">assets of approximately <span class=\"ls57 ws46\">\u00a316m</span>.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs331\">The Group has unrecognised tax losses and other temporary diffe<span class=\"_ _1\"></span>rences that are available for offset against </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs332\">future taxable profits of the companies in which the losses or other tempo<span class=\"_ _1\"></span>rary differences arose, but have </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs333\">not been recognised because their recoverability is uncertain. <span class=\"_ _1\"></span>The table below shows the amounts split </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs334\">between UK and non-UK jurisdictions.<span class=\"_ _2b5\"> </span></div><div class=\"gs335\"><table class=\"s w125 h76\" id=\"_3cdfb72c-2ebc-4b02-a5bd-edbb1e60369b\"><tr><td></td><td class=\"t m0 x307 h3b y2d69 ff6c fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y2d69 ff6d fs8 fc7 sc0 ls58 ws47\">2022</td></tr><tr><td></td><td class=\"t m0 x6e2 h3b y2d6a ff6c fs8 fc7 sc0 ls58 ws47\"> \u00a3m </td><td class=\"t m0 x6e3 h3a y2d6a ff6d fs8 fc7 sc0 ls58 ws47\"> \u00a3m </td></tr><tr><td></td><td class=\"t m0 x6e4 h3b y2d6b ff6c fs8 fc7 sc0 ls58 ws47\">Gross Amount<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x6e5 h3a y2d6b ff6d fs8 fc7 sc0 ls58 ws47\">Gross Amount<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y2d6c ff6c fs5 fc7 sc0 ls9 ws1\">UK:<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x2be y2d6d w126 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls9 ws1\">Tax losses<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6e6 y2d6d w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">628.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6e7 y2d6d w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls57 ws46\">332.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d6e w127 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls9 ws1\">Other temporary timing differences<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x480 y2d6e w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">140.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x414 y2d6e w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls57 ws46\">113.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x330 y2d6f w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">768.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x331 y2d6f w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls57 ws46\">446.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2d70 ff6c fs5 fc7 sc0 ls9 ws1\">Non-UK:<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x2be y2d71 w126 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls9 ws1\">Tax losses<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6e8 y2d71 we9 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">67.<span class=\"_ _2a\"></span>4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6e9 y2d71 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls57 ws46\">60.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c4f w127 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls9 ws1\">Other temporary timing differences<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x521 y2c4f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">11.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ea y2c4f w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls57 ws46\">11.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x6eb y2d72 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">78.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ec y2d72 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls57 ws46\">72.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 wa6 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">Total<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ed y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">847.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ee y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls57 ws46\">519.0<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs336\">The \u00a3328.5m increase in unrecognised tax losses and other te<span class=\"_ _1\"></span>mporary differences reflects the decrease in </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs337\">the amounts previously recognised in respect of deferred tax assets, an<span class=\"_ _1\"></span>d unrecognised temporary </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs338\">differences arising during the year due to tax deductible cost reductio<span class=\"_ _1\"></span>n programme expenses, cyber costs </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls57 ws46 gs339\">and pension contributions.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs33a\">Assets have no time expiry, but some losses are subject to specific loss restriction rules. \u00a328<span class=\"_ _1\"></span>.8m (<span class=\"ls57 ws46\">2022</span>: </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs33b\">\u00a339.9m) of the losses were incurred by companies acquired by the Grou<span class=\"_ _1\"></span>p and are not a result of the </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs33c\">Group\u2019s trading performance.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs33d\">Dividends received from subsidiaries are largely exempt from UK tax but may be subje<span class=\"_ _1\"></span>ct to dividend </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs33e\">withholding taxes levied by the overseas tax jurisdictions in which the subsidia<span class=\"_ _1\"></span>ries operate. The gross </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs33f\">temporary differences of those subsidiaries affected by such potential taxe<span class=\"_ _1\"></span>s is \u00a348.4m (<span class=\"ls57 ws46\">2022</span>: \u00a358.4m). A </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs340\">deferred tax liability of \u00a35.1m (<span class=\"ls57 ws46\">2022</span>:<span class=\"ls57 ws46\"> \u00a34.9m) has been recognised on the unremitted earnings of those </span></div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs341\">subsidiaries affected by such potential taxes because the Group is able<span class=\"_ _1\"></span> to control the timing of reversal and </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs342\">it is anticipating dividends to be distributed. The earnings remitted d<span class=\"_ _1\"></span>uring the year have resulted in a </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs343\">reduction in the closing deferred tax liability.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff6c fs5 fc6 sc0 ls57 ws46 gs345\">2.6.3 Uncertain tax </div><div class=\"t m0 h39 ff6c fs5 fc6 sc0 ls57 ws46 gs346\">positions<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs347\">The Group files income tax returns in several jurisdictions and some of these<span class=\"_ _1\"></span> returns are open to, or subject </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs348\">to, tax authority audits or examinations. Tax returns contain matters that cou<span class=\"_ _1\"></span>ld be subject to differing </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs349\">interpretations of applicable tax laws and regulations; and the re<span class=\"_ _1\"></span>solution of tax positions, through </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs34a\">negotiations with relevant tax authorities or through litigation, can ta<span class=\"_ _1\"></span>ke several years. Tax uncertainties are </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs34b\">assessed throughout the year and specifically at the year-end with a<span class=\"_ _1\"></span>ny associated provisions recognised </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs34c\">considering the specific circumstances of each risk, including the merits of technical a<span class=\"_ _1\"></span>spects, previous </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs34d\">experience with tax authorities, recent tax law and if relevant, external spe<span class=\"_ _1\"></span>cialist advice. The Group applies </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs34e\">judgement in quantifying uncertainties over income tax treatments in a<span class=\"_ _1\"></span>ccordance with this criteria.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs34f\">At <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span> the net income tax receivable of <span class=\"ls57 ws46\">\u00a310.3m</span> is net of a \u00a33.1m (<span class=\"_ _1\"></span><span class=\"ls57 ws46\">2022<span class=\"ls9 ws1\">: \u00a32.9m) liability in </span></span></div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs350\">relation to uncertain tax positions. During <span class=\"ls57 ws46\">2023</span> th<span class=\"_ _1\"></span>e Group provided for tax on additional risks of \u00a30.2m </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs351\">(<span class=\"ls57 ws46\">2022</span>: \u00a31.2m release).<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs352\">Expiry under the statute of limitations, or conclusion of tax audits could result in a<span class=\"_ _1\"></span> further release of the </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs353\">provision in the next financial year. While it is difficult to predict the ultimate outcome<span class=\"_ _1\"></span> in some cases, and </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs354\">there are a range of different outcomes, the Group does not curre<span class=\"_ _1\"></span>ntly anticipate that there will be any </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs355\">material impact on the Group\u2019s financial position in the next financial yea<span class=\"_ _1\"></span>r.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff6c fs5 fc6 sc0 ls9 ws1 gs356\">2.6.4 Global minimum tax<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs357\">The Group is within the scope of the Pillar Two top-up tax that applies in th<span class=\"_ _1\"></span>e UK. The first period for which a </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs358\">Pillar Two return will be required is the accounting period ending o<span class=\"_ _1\"></span>n 31<span class=\"_ gs15\"> </span>December 2024.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls57 ws46 gs359\">The Group has applied the mandatory exception to recognising and disclosing informati<span class=\"_ _2a\"></span>on about deferred </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs35a\">tax assets and liabilities related to Pillar Two income taxes.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs35b\">The Group is in the process of the necessary analysis in preparation fo<span class=\"_ _1\"></span>r complying with the Pillar Two </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls57 ws46 gs35c\">model rules for the accounting period ending on 31<span class=\"_ gs15\"> </span>December 2024. Based on the analysis deriv<span class=\"_ _2a\"></span>ed from </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs35d\">information in respect of prior periods, the Group has identified pote<span class=\"_ _1\"></span>ntial exposure to Pillar Two top-up taxes </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs35e\">in Poland and Switzerland.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs35f\">Since the stated jurisdictions either have a low tax rate and no material pro<span class=\"_ _1\"></span>fits are expected for 2024; or, an </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs360\">expected effective tax rate close to 15%; it is not expected that the Pillar Two top<span class=\"_ _1\"></span>-up tax will have a material </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs361\">impact on the Group tax liability.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff6c fs5 fc6 sc0 ls57 ws46 gs362\">2.6.5 Capita\u2019s responsible approach to taxation<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs363\">Capita has an open and positive working relationship with HMRC, has a de<span class=\"_ _1\"></span>signated customer compliance </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs364\">manager, and is committed to prompt disclosure and transparency in all d<span class=\"_ _1\"></span>ealings with HMRC and overseas </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs365\">tax authorities. The Group does not have a complex tax structure, and<span class=\"_ _1\"></span> continues to progress well with its </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs366\">legal entity rationalisation programme. Nor does it pursue aggressive ta<span class=\"_ _1\"></span>x avoidance activities. The Group </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs367\">has a low-risk rating from HMRC, and has been awarded the Fair Tax Mark for its ta<span class=\"_ _1\"></span>x disclosures from 2018 </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs368\">to 2022. The Group has operations in a number of countries o<span class=\"_ _1\"></span>utside the UK. All such operations outside the </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs369\">UK are trading operations and pay the appropriate local taxes o<span class=\"_ _1\"></span>n these activities. Further detail, regarding </div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs36a\">Capita's tax strategy can be found on the Policies &amp; Principles area of the<span class=\"_ _1\"></span> Capita website (https://<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff6d fs5 fc7 sc0 ls9 ws1 gs36b\">www.capita.com/our-company/about-capita/policies-and-principles).</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-459": {
   "value": "Accounting policies<span class=\"_ _2b5\"> </span>Tax on <span class=\"_ _1\"></span>the profit or loss <span class=\"_ _1\"></span>for the year <span class=\"_ _1\"></span>comprises current and <span class=\"_ _1\"></span>deferred tax. Tax is <span class=\"_ _1\"></span>recognised in the <span class=\"_ _1\"></span>income statement except <span class=\"_ _1\"></span>to the extent that <span class=\"_ _1\"></span>it relates to <span class=\"_ _1\"></span>items recognised directly <span class=\"_ _1\"></span>in equity or other <span class=\"_ _1\"></span>comprehensive income.<span class=\"_ _2b5\"> </span>Current tax is the expected tax payable or receivable on the taxable<span class=\"_ _1\"></span> income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date<span class=\"_ _1\"></span>, and any adjustment to tax payable in respect of previous years.<span class=\"_ _2b5\"> </span>Deferred tax is provided, using the liability method, on all temporary differen<span class=\"_ _1\"></span>ces at the balance sheet date between the tax bases of assets and liabilities and their carrying amou<span class=\"_ _1\"></span>nts for financial reporting purposes.<span class=\"_ _2b5\"> </span>Deferred tax liabilities are recognised for all taxable temporary difference<span class=\"_ _1\"></span>s:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>except where the deferred tax liability arises from the in<span class=\"_ _1\"></span>itial recognition of goodwill;<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>except where the deferred tax liability arises from the in<span class=\"_ _1\"></span>itial recognition of an asset or liability in a transaction that is not a business combination and, at the time of the tra<span class=\"_ _1\"></span>nsaction, affects neither the accounting profit nor taxable profit or loss; and<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>in respect of taxable temporary differences associa<span class=\"_ _1\"></span>ted with investments in subsidiaries, associates and interests in joint ventures, except where the timing of the reversal of the tempo<span class=\"_ _1\"></span>rary differences can be controlled and it is probable that the temporary differences will not reve<span class=\"_ _1\"></span>rse in the foreseeable future.<span class=\"_ _2b5\"> </span>The carrying amount of deferred tax assets is reviewed at each balan<span class=\"_ _1\"></span>ce sheet date and reduced to the extent that it is no longer probable that sufficient taxable profit will be a<span class=\"_ _1\"></span>vailable to allow all or part of the deferred tax asset to be utilised.<span class=\"_ _2b5\"> </span>Deferred tax assets and liabilities are measured at the tax rates that are e<span class=\"_ _1\"></span>xpected to apply to the year when the asset is realised or the liability is settled, based on tax rates (and tax laws) th<span class=\"_ _1\"></span>at have been enacted or substantively enacted at the balance sheet date.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDeferredIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-446": {
   "value": "Accounting policies<span class=\"_ _2b5\"> </span>Tax on <span class=\"_ _1\"></span>the profit or loss <span class=\"_ _1\"></span>for the year <span class=\"_ _1\"></span>comprises current and <span class=\"_ _1\"></span>deferred tax. Tax is <span class=\"_ _1\"></span>recognised in the <span class=\"_ _1\"></span>income statement except <span class=\"_ _1\"></span>to the extent that <span class=\"_ _1\"></span>it relates to <span class=\"_ _1\"></span>items recognised directly <span class=\"_ _1\"></span>in equity or other <span class=\"_ _1\"></span>comprehensive income.<span class=\"_ _2b5\"> </span>Current tax is the expected tax payable or receivable on the taxable<span class=\"_ _1\"></span> income or loss for the year, using tax rates enacted or substantively enacted at the balance sheet date<span class=\"_ _1\"></span>, and any adjustment to tax payable in respect of previous years.<span class=\"_ _2b5\"> </span>Deferred tax is provided, using the liability method, on all temporary differen<span class=\"_ _1\"></span>ces at the balance sheet date between the tax bases of assets and liabilities and their carrying amou<span class=\"_ _1\"></span>nts for financial reporting purposes.<span class=\"_ _2b5\"> </span>Deferred tax liabilities are recognised for all taxable temporary difference<span class=\"_ _1\"></span>s:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>except where the deferred tax liability arises from the in<span class=\"_ _1\"></span>itial recognition of goodwill;<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>except where the deferred tax liability arises from the in<span class=\"_ _1\"></span>itial recognition of an asset or liability in a transaction that is not a business combination and, at the time of the tra<span class=\"_ _1\"></span>nsaction, affects neither the accounting profit nor taxable profit or loss; and<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>in respect of taxable temporary differences associa<span class=\"_ _1\"></span>ted with investments in subsidiaries, associates and interests in joint ventures, except where the timing of the reversal of the tempo<span class=\"_ _1\"></span>rary differences can be controlled and it is probable that the temporary differences will not reve<span class=\"_ _1\"></span>rse in the foreseeable future.<span class=\"_ _2b5\"> </span>The carrying amount of deferred tax assets is reviewed at each balan<span class=\"_ _1\"></span>ce sheet date and reduced to the extent that it is no longer probable that sufficient taxable profit will be a<span class=\"_ _1\"></span>vailable to allow all or part of the deferred tax asset to be utilised.<span class=\"_ _2b5\"> </span>Deferred tax assets and liabilities are measured at the tax rates that are e<span class=\"_ _1\"></span>xpected to apply to the year when the asset is realised or the liability is settled, based on tax rates (and tax laws) th<span class=\"_ _1\"></span>at have been enacted or substantively enacted at the balance sheet date.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIncomeTaxExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-500": {
   "value": "2.6.2 <span class=\"ls9 ws1\">Deferred tax<span class=\"_ _2b5\"> </span></span>A change to the main UK statutory corporation tax rate was sub<span class=\"_ _1\"></span>stantively enacted on 24<span class=\"_ gs15\"> </span>May 2021. The rate applicable from 1<span class=\"_ gs15\"> </span>April 2023 increased from 19% to 25%. The ne<span class=\"_ _1\"></span>t UK deferred tax assets for the period to 31<span class=\"_ gs15\"> </span>December 2023, and the prior period, have been calculated based on this rate.<span class=\"_ _2b5\"> </span>Deferred tax relates to the following:<span class=\"_ _2b5\"> </span><table class=\"s w11c h74\" id=\"_b040e34d-b24e-414e-9ff5-9655d9b6c33c\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x696 h3b y2d54 ff6a fs8 fc7 sc0 ls58 ws47\">Credited/(charged) to<span class=\"_ _2b5\"> </span></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x697 h3b y2d55 ff6a fs8 fc7 sc0 ls58 ws47\">OCI and<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x698 h3a y2d56 ff6b fs8 fc7 sc0 ls58 ws47\">At </td><td class=\"t m0 x616 h3b y2d56 ff6a fs8 fc7 sc0 ls58 ws47\">Income<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x699 h3b y2d56 ff6a fs8 fc7 sc0 ls58 ws47\">changes in<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x69a h3b y2d56 ff6a fs8 fc7 sc0 ls58 ws47\">Other </td><td class=\"t m0 x69b h3b y2d56 ff6a fs8 fc7 sc0 ls58 ws47\">At </td></tr><tr><td></td><td class=\"t m0 x69c h3a y2d57 ff6b fs8 fc7 sc0 ls58 ws47\">1<span class=\"_ gs234\"> </span>January </td><td class=\"t m0 x69d h3b y2d57 ff6a fs8 fc7 sc0 ls58 ws47\">statement<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x69e h3b y2d57 ff6a fs8 fc7 sc0 ls58 ws47\">equity<span class=\"_ _2b5\"> </span></td><td class=\"c x6a0 y2d59 w11d h75\"><div class=\"t m0 x2bd h3b y2d37 ff6a fs8 fc7 sc0 ls58 ws47\">movements</div><div class=\"t m0 x69f h4a y2d58 ff6a fs1e fc7 sc0 ls5c ws4b\">2<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 x6a1 h3b y2d57 ff6a fs8 fc7 sc0 ls58 ws47\">31<span class=\"_ gs234\"> </span>December </td></tr><tr><td></td><td class=\"t m0 x4f7 h3a y2d5a ff6b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x6a2 h3b y2d5a ff6a fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x6a3 h3b y2d5a ff6a fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x63c h3b y2d5a ff6a fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3b y2d5a ff6a fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y2d5b ff6a fs5 fc7 sc0 ls57 ws46\">Deferred tax assets<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x61c y2d5c w11e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">Fixed assets which qualify for tax relief<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6a4 y2d5c w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">90.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6a5 y2d5c w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(1.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6a6 y2d5c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6a7 y2d5c w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(2.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6a8 y2d5c w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">87.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2e9 h38 y2d5d ff6b fs5 fc7 sc0 ls9 ws1\">Provisions and other temporary </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x61c y2bd8 wfa h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">differences<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6a9 y2bd8 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">10.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6aa y2bd8 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(1.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ab y2bd8 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">2.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ac y2bd8 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ad y2bd8 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">11.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2bd9 w11f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">Pension schemes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ae y2bd9 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">5.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6af y2bd9 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b0 y2bd9 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(3.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b1 y2bd9 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b2 y2bd9 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">1.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2d5e w120 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">Share-based payments<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b3 y2d5e w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">1.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b4 y2d5e w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b5 y2d5e w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b6 y2d5e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b7 y2d5e w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">1.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2e9 h38 y2d5f ff6b fs5 fc7 sc0 ls9 ws1\">Tax losses<span class=\"_ _2b5\"> </span></td><td class=\"c n x6b8 y2bdb w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">81.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b9 y2bdb w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">(42.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ba y2bdb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6bb y2bdb w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(2.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6bc y2bdb w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">36.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x6bd y2d60 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">189.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6be y2d60 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">(45.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6bf y2d60 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c0 y2d60 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(5.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c1 y2d60 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">138.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2d61 w121 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">Jurisdictional netting<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c2 y2d61 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">(0.4)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x6c3 y2d61 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">1.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2d62 w122 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">Net deferred tax assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c4 y2d62 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">189.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c5 y2d62 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">(45.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c6 y2d62 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c7 y2d62 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(5.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c8 y2d62 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">140.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2d63 ff6a fs5 fc7 sc0 ls9 ws1\">Deferred tax liabilities<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x61c y2d64 w123 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">Acquired intangibles<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c9 y2d64 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ca y2d64 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6cb y2d64 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6cc y2d64 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6cd y2d64 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2d65 w5a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">Contract fulfilment assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ce y2d65 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">(2.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6cf y2d65 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">2.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d0 y2d65 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d1 y2d65 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d2 y2d65 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2be2 w123 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">Unremitted earnings<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c9 y2be2 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">(4.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d3 y2be2 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d4 y2be2 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d5 y2be2 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d6 y2be2 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(5.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x6d7 y2d66 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">(7.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d8 y2d66 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">1.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ba y2d66 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d9 y2d66 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6da y2d66 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(5.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2d67 w121 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">Jurisdictional netting<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6db y2d67 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">0.4<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x6dc y2d67 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(1.8)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2d68 w5a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">Net deferred tax liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ce y2d68 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">(6.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6cf y2d68 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">1.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d0 y2d68 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d1 y2d68 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d2 y2d68 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(7.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w124 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">Net deferred tax<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6dd y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">182.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6de y2be6 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">(43.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6df y2be6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6e0 y2be6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(5.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6e1 y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">133.1<span class=\"_ _2b5\"> </span></div></td></tr></table>1<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span>Mainly trading losses available to shelter future profits and deferred interest.<span class=\"_ _2b5\"> </span>2.<span class=\"_ _9\"> </span>Other movements includes business disposals.<span class=\"_ _2b5\"> </span>The main movement in the net deferred tax asset is the income statemen<span class=\"_ _1\"></span>t tax charge arising on the change in the accounting estimate of deferred tax.<span class=\"_ _2b5\"> </span>For the purpose of recognising deferred tax on the pension<span class=\"_ _1\"></span> scheme surplus, withholding tax at 35% would apply for any surplus being refunded to the Group at the end o<span class=\"_ _1\"></span>f the life of the scheme. Corporation tax at 25% would apply for any surplus expected to unwind over the life of the<span class=\"_ _1\"></span> scheme. Management have concluded that the corporation tax rate should apply to the recognition of deferred t<span class=\"_ _2a\"></span>ax on the pension scheme surplus, reflecting the Group\u2019s intention regarding the mann<span class=\"_ _1\"></span>er of recovery of the asset.<span class=\"_ _2b5\"> </span>Deferred tax assets are recognised only to the extent that it is probable th<span class=\"_ _1\"></span>at future taxable profits will be available against which the assets can be utilised. The recoverability of d<span class=\"_ _1\"></span>eferred tax assets is supported by the deferred tax liabilities against which the reversal can be offset and th<span class=\"_ _1\"></span>e expected level of future taxable profits available to offset the assets when they reverse.<span class=\"_ _2b5\"> </span>The recognition of deferred tax assets at 31<span class=\"_ gs15\"> </span>December 2023 has been based on the forecast account<span class=\"_ _2a\"></span>ing profits in the 2024-2026 business plans (BP) approved by the Board<span class=\"_ _1\"></span>. This is the same plan used to derive forecast cash flows for the goodwill impairment test (refer to note <span class=\"_ _1\"></span><span class=\"ls57 ws46\">3.4<span class=\"ls9 ws1\">). A long-term growth rate of 1.7%, as </span></span>used for impairment test purposes, has been applied to the years b<span class=\"_ _1\"></span>eyond 2026. A reducing probability factor has also been applied to future profits for the potential de<span class=\"_ _1\"></span>crease in reliability of forecasts extrapolated for later years, such that profits beyond seven years of the balance she<span class=\"_ _1\"></span>et date have not been considered probable for the purpose of assessing deferred tax asset recogn<span class=\"_ _1\"></span>ition.<span class=\"_ _2b5\"> </span>Unused tax losses make up the majority of the temporary differences availab<span class=\"_ _1\"></span>le to be utilised in future periods. These losses mainly arose due to the historic adoption of IF<span class=\"_ _1\"></span>RS<span class=\"_ gs15\"> </span>15, previous Covid-19 related downward pressures on profits and tax deductible restructuring costs, an<span class=\"_ _1\"></span>d in the current year due to tax deductible cost reduction programme expenses, cyber costs and pen<span class=\"_ _1\"></span>sion contributions. Based on the forecast accounting profits, management have concluded that some<span class=\"_ _1\"></span> of the deductible temporary differences and unused tax losses are not recognisable due to uncertain<span class=\"_ _1\"></span>ty in their recoverability. Therefore, there is a decrease in the amounts previously recognised in respect of deferre<span class=\"_ _1\"></span>d tax assets, along with further unrecognised temporary differences arising during the year. The<span class=\"_ _1\"></span> impact of this is a charge to the income statement of \u00a345.2m. This is included in the movement in unrecognise<span class=\"_ _1\"></span>d temporary differences of <span class=\"ls57 ws46\">\u00a382.0m</span> in the tax reconciliation table in section<span class=\"_ gs15\"> </span>2.6.1<span class=\"_ _1\"></span> above, which also includes unrecognised current year t<span class=\"ls57 ws46\">emporary </span>differences (mainly losses) of \u00a336.8m. The reported income statement cha<span class=\"_ _1\"></span>rge <span class=\"ls57 ws46\">includes \u00a345.5m change in </span>the deferred tax asset estimate due to the reduction in future taxab<span class=\"_ _1\"></span>le profits on disposal of taxable subsidiaries, reflected in the tax arising on business exits (see Note <span class=\"_ _1\"></span><span class=\"ls57 ws46\">2.8).<span class=\"_ _2b5\"> </span></span>Deferred tax asset recognition depends on the reliability of manag<span class=\"_ _1\"></span>ement\u2019s forecasts and the assumptions that underlie them. Management have considered the severe but plausible downsides appli<span class=\"_ _2a\"></span>ed to the base-<span class=\"_ _2b5\"> </span>case projections for assessing going concern and viability, to gauge<span class=\"_ _1\"></span> sensitivity and identify a reasonable possible alternative result. This scenario identified a further potentia<span class=\"_ _1\"></span>l reduction in recognised deferred tax assets of approximately <span class=\"ls57 ws46\">\u00a316m</span>.<span class=\"_ _2b5\"> </span>The Group has unrecognised tax losses and other temporary diffe<span class=\"_ _1\"></span>rences that are available for offset against future taxable profits of the companies in which the losses or other tempo<span class=\"_ _1\"></span>rary differences arose, but have not been recognised because their recoverability is uncertain. <span class=\"_ _1\"></span>The table below shows the amounts split between UK and non-UK jurisdictions.<span class=\"_ _2b5\"> </span><table class=\"s w125 h76\" id=\"_3cdfb72c-2ebc-4b02-a5bd-edbb1e60369b\"><tr><td></td><td class=\"t m0 x307 h3b y2d69 ff6c fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y2d69 ff6d fs8 fc7 sc0 ls58 ws47\">2022</td></tr><tr><td></td><td class=\"t m0 x6e2 h3b y2d6a ff6c fs8 fc7 sc0 ls58 ws47\"> \u00a3m </td><td class=\"t m0 x6e3 h3a y2d6a ff6d fs8 fc7 sc0 ls58 ws47\"> \u00a3m </td></tr><tr><td></td><td class=\"t m0 x6e4 h3b y2d6b ff6c fs8 fc7 sc0 ls58 ws47\">Gross Amount<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x6e5 h3a y2d6b ff6d fs8 fc7 sc0 ls58 ws47\">Gross Amount<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y2d6c ff6c fs5 fc7 sc0 ls9 ws1\">UK:<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x2be y2d6d w126 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls9 ws1\">Tax losses<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6e6 y2d6d w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">628.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6e7 y2d6d w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls57 ws46\">332.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d6e w127 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls9 ws1\">Other temporary timing differences<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x480 y2d6e w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">140.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x414 y2d6e w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls57 ws46\">113.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x330 y2d6f w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">768.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x331 y2d6f w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls57 ws46\">446.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2d70 ff6c fs5 fc7 sc0 ls9 ws1\">Non-UK:<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x2be y2d71 w126 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls9 ws1\">Tax losses<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6e8 y2d71 we9 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">67.<span class=\"_ _2a\"></span>4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6e9 y2d71 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls57 ws46\">60.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c4f w127 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls9 ws1\">Other temporary timing differences<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x521 y2c4f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">11.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ea y2c4f w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls57 ws46\">11.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x6eb y2d72 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">78.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ec y2d72 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls57 ws46\">72.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 wa6 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">Total<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ed y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">847.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ee y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls57 ws46\">519.0<span class=\"_ _2b5\"> </span></div></td></tr></table>The \u00a3328.5m increase in unrecognised tax losses and other te<span class=\"_ _1\"></span>mporary differences reflects the decrease in the amounts previously recognised in respect of deferred tax assets, an<span class=\"_ _1\"></span>d unrecognised temporary differences arising during the year due to tax deductible cost reductio<span class=\"_ _1\"></span>n programme expenses, cyber costs and pension contributions.<span class=\"_ _2b5\"> </span>Assets have no time expiry, but some losses are subject to specific loss restriction rules. \u00a328<span class=\"_ _1\"></span>.8m (<span class=\"ls57 ws46\">2022</span>: \u00a339.9m) of the losses were incurred by companies acquired by the Grou<span class=\"_ _1\"></span>p and are not a result of the Group\u2019s trading performance.<span class=\"_ _2b5\"> </span>Dividends received from subsidiaries are largely exempt from UK tax but may be subje<span class=\"_ _1\"></span>ct to dividend withholding taxes levied by the overseas tax jurisdictions in which the subsidia<span class=\"_ _1\"></span>ries operate. The gross temporary differences of those subsidiaries affected by such potential taxe<span class=\"_ _1\"></span>s is \u00a348.4m (<span class=\"ls57 ws46\">2022</span>: \u00a358.4m). A deferred tax liability of \u00a35.1m (<span class=\"ls57 ws46\">2022</span>:<span class=\"ls57 ws46\"> \u00a34.9m) has been recognised on the unremitted earnings of those </span>subsidiaries affected by such potential taxes because the Group is able<span class=\"_ _1\"></span> to control the timing of reversal and it is anticipating dividends to be distributed. The earnings remitted d<span class=\"_ _1\"></span>uring the year have resulted in a reduction in the closing deferred tax liability.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDeferredTaxesExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-543": {
   "value": "2.6.2 <span class=\"ls9 ws1\">Deferred tax<span class=\"_ _2b5\"> </span></span>A change to the main UK statutory corporation tax rate was sub<span class=\"_ _1\"></span>stantively enacted on 24<span class=\"_ gs15\"> </span>May 2021. The rate applicable from 1<span class=\"_ gs15\"> </span>April 2023 increased from 19% to 25%. The ne<span class=\"_ _1\"></span>t UK deferred tax assets for the period to 31<span class=\"_ gs15\"> </span>December 2023, and the prior period, have been calculated based on this rate.<span class=\"_ _2b5\"> </span>Deferred tax relates to the following:<span class=\"_ _2b5\"> </span><table class=\"s w11c h74\" id=\"_b040e34d-b24e-414e-9ff5-9655d9b6c33c\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x696 h3b y2d54 ff6a fs8 fc7 sc0 ls58 ws47\">Credited/(charged) to<span class=\"_ _2b5\"> </span></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x697 h3b y2d55 ff6a fs8 fc7 sc0 ls58 ws47\">OCI and<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x698 h3a y2d56 ff6b fs8 fc7 sc0 ls58 ws47\">At </td><td class=\"t m0 x616 h3b y2d56 ff6a fs8 fc7 sc0 ls58 ws47\">Income<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x699 h3b y2d56 ff6a fs8 fc7 sc0 ls58 ws47\">changes in<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x69a h3b y2d56 ff6a fs8 fc7 sc0 ls58 ws47\">Other </td><td class=\"t m0 x69b h3b y2d56 ff6a fs8 fc7 sc0 ls58 ws47\">At </td></tr><tr><td></td><td class=\"t m0 x69c h3a y2d57 ff6b fs8 fc7 sc0 ls58 ws47\">1<span class=\"_ gs234\"> </span>January </td><td class=\"t m0 x69d h3b y2d57 ff6a fs8 fc7 sc0 ls58 ws47\">statement<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x69e h3b y2d57 ff6a fs8 fc7 sc0 ls58 ws47\">equity<span class=\"_ _2b5\"> </span></td><td class=\"c x6a0 y2d59 w11d h75\"><div class=\"t m0 x2bd h3b y2d37 ff6a fs8 fc7 sc0 ls58 ws47\">movements</div><div class=\"t m0 x69f h4a y2d58 ff6a fs1e fc7 sc0 ls5c ws4b\">2<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 x6a1 h3b y2d57 ff6a fs8 fc7 sc0 ls58 ws47\">31<span class=\"_ gs234\"> </span>December </td></tr><tr><td></td><td class=\"t m0 x4f7 h3a y2d5a ff6b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x6a2 h3b y2d5a ff6a fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x6a3 h3b y2d5a ff6a fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x63c h3b y2d5a ff6a fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3b y2d5a ff6a fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y2d5b ff6a fs5 fc7 sc0 ls57 ws46\">Deferred tax assets<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x61c y2d5c w11e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">Fixed assets which qualify for tax relief<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6a4 y2d5c w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">90.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6a5 y2d5c w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(1.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6a6 y2d5c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6a7 y2d5c w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(2.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6a8 y2d5c w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">87.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2e9 h38 y2d5d ff6b fs5 fc7 sc0 ls9 ws1\">Provisions and other temporary </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x61c y2bd8 wfa h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">differences<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6a9 y2bd8 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">10.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6aa y2bd8 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(1.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ab y2bd8 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">2.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ac y2bd8 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ad y2bd8 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">11.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2bd9 w11f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">Pension schemes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ae y2bd9 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">5.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6af y2bd9 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b0 y2bd9 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(3.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b1 y2bd9 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b2 y2bd9 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">1.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2d5e w120 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">Share-based payments<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b3 y2d5e w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">1.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b4 y2d5e w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b5 y2d5e w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b6 y2d5e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b7 y2d5e w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">1.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2e9 h38 y2d5f ff6b fs5 fc7 sc0 ls9 ws1\">Tax losses<span class=\"_ _2b5\"> </span></td><td class=\"c n x6b8 y2bdb w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">81.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b9 y2bdb w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">(42.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ba y2bdb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6bb y2bdb w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(2.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6bc y2bdb w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">36.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x6bd y2d60 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">189.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6be y2d60 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">(45.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6bf y2d60 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c0 y2d60 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(5.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c1 y2d60 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">138.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2d61 w121 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">Jurisdictional netting<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c2 y2d61 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">(0.4)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x6c3 y2d61 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">1.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2d62 w122 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">Net deferred tax assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c4 y2d62 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">189.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c5 y2d62 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">(45.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c6 y2d62 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c7 y2d62 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(5.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c8 y2d62 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">140.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2d63 ff6a fs5 fc7 sc0 ls9 ws1\">Deferred tax liabilities<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x61c y2d64 w123 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">Acquired intangibles<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c9 y2d64 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ca y2d64 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6cb y2d64 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6cc y2d64 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6cd y2d64 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2d65 w5a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">Contract fulfilment assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ce y2d65 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">(2.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6cf y2d65 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">2.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d0 y2d65 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d1 y2d65 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d2 y2d65 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2be2 w123 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">Unremitted earnings<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c9 y2be2 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">(4.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d3 y2be2 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d4 y2be2 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d5 y2be2 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d6 y2be2 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(5.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x6d7 y2d66 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">(7.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d8 y2d66 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">1.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ba y2d66 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d9 y2d66 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6da y2d66 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(5.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2d67 w121 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">Jurisdictional netting<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6db y2d67 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">0.4<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x6dc y2d67 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(1.8)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2d68 w5a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">Net deferred tax liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ce y2d68 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">(6.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6cf y2d68 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">1.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d0 y2d68 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d1 y2d68 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d2 y2d68 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(7.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w124 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">Net deferred tax<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6dd y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">182.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6de y2be6 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">(43.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6df y2be6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6e0 y2be6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(5.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6e1 y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">133.1<span class=\"_ _2b5\"> </span></div></td></tr></table>1<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span>Mainly trading losses available to shelter future profits and deferred interest.<span class=\"_ _2b5\"> </span>2.<span class=\"_ _9\"> </span>Other movements includes business disposals.<span class=\"_ _2b5\"> </span>The main movement in the net deferred tax asset is the income statemen<span class=\"_ _1\"></span>t tax charge arising on the change in the accounting estimate of deferred tax.<span class=\"_ _2b5\"> </span>For the purpose of recognising deferred tax on the pension<span class=\"_ _1\"></span> scheme surplus, withholding tax at 35% would apply for any surplus being refunded to the Group at the end o<span class=\"_ _1\"></span>f the life of the scheme. Corporation tax at 25% would apply for any surplus expected to unwind over the life of the<span class=\"_ _1\"></span> scheme. Management have concluded that the corporation tax rate should apply to the recognition of deferred t<span class=\"_ _2a\"></span>ax on the pension scheme surplus, reflecting the Group\u2019s intention regarding the mann<span class=\"_ _1\"></span>er of recovery of the asset.<span class=\"_ _2b5\"> </span>Deferred tax assets are recognised only to the extent that it is probable th<span class=\"_ _1\"></span>at future taxable profits will be available against which the assets can be utilised. The recoverability of d<span class=\"_ _1\"></span>eferred tax assets is supported by the deferred tax liabilities against which the reversal can be offset and th<span class=\"_ _1\"></span>e expected level of future taxable profits available to offset the assets when they reverse.<span class=\"_ _2b5\"> </span>The recognition of deferred tax assets at 31<span class=\"_ gs15\"> </span>December 2023 has been based on the forecast account<span class=\"_ _2a\"></span>ing profits in the 2024-2026 business plans (BP) approved by the Board<span class=\"_ _1\"></span>. This is the same plan used to derive forecast cash flows for the goodwill impairment test (refer to note <span class=\"_ _1\"></span><span class=\"ls57 ws46\">3.4<span class=\"ls9 ws1\">). A long-term growth rate of 1.7%, as </span></span>used for impairment test purposes, has been applied to the years b<span class=\"_ _1\"></span>eyond 2026. A reducing probability factor has also been applied to future profits for the potential de<span class=\"_ _1\"></span>crease in reliability of forecasts extrapolated for later years, such that profits beyond seven years of the balance she<span class=\"_ _1\"></span>et date have not been considered probable for the purpose of assessing deferred tax asset recogn<span class=\"_ _1\"></span>ition.<span class=\"_ _2b5\"> </span>Unused tax losses make up the majority of the temporary differences availab<span class=\"_ _1\"></span>le to be utilised in future periods. These losses mainly arose due to the historic adoption of IF<span class=\"_ _1\"></span>RS<span class=\"_ gs15\"> </span>15, previous Covid-19 related downward pressures on profits and tax deductible restructuring costs, an<span class=\"_ _1\"></span>d in the current year due to tax deductible cost reduction programme expenses, cyber costs and pen<span class=\"_ _1\"></span>sion contributions. Based on the forecast accounting profits, management have concluded that some<span class=\"_ _1\"></span> of the deductible temporary differences and unused tax losses are not recognisable due to uncertain<span class=\"_ _1\"></span>ty in their recoverability. Therefore, there is a decrease in the amounts previously recognised in respect of deferre<span class=\"_ _1\"></span>d tax assets, along with further unrecognised temporary differences arising during the year. The<span class=\"_ _1\"></span> impact of this is a charge to the income statement of \u00a345.2m. This is included in the movement in unrecognise<span class=\"_ _1\"></span>d temporary differences of <span class=\"ls57 ws46\">\u00a382.0m</span> in the tax reconciliation table in section<span class=\"_ gs15\"> </span>2.6.1<span class=\"_ _1\"></span> above, which also includes unrecognised current year t<span class=\"ls57 ws46\">emporary </span>differences (mainly losses) of \u00a336.8m. The reported income statement cha<span class=\"_ _1\"></span>rge <span class=\"ls57 ws46\">includes \u00a345.5m change in </span>the deferred tax asset estimate due to the reduction in future taxab<span class=\"_ _1\"></span>le profits on disposal of taxable subsidiaries, reflected in the tax arising on business exits (see Note <span class=\"_ _1\"></span><span class=\"ls57 ws46\">2.8).<span class=\"_ _2b5\"> </span></span>Deferred tax asset recognition depends on the reliability of manag<span class=\"_ _1\"></span>ement\u2019s forecasts and the assumptions that underlie them. Management have considered the severe but plausible downsides appli<span class=\"_ _2a\"></span>ed to the base-<span class=\"_ _2b5\"> </span>case projections for assessing going concern and viability, to gauge<span class=\"_ _1\"></span> sensitivity and identify a reasonable possible alternative result. This scenario identified a further potentia<span class=\"_ _1\"></span>l reduction in recognised deferred tax assets of approximately <span class=\"ls57 ws46\">\u00a316m</span>.<span class=\"_ _2b5\"> </span>The Group has unrecognised tax losses and other temporary diffe<span class=\"_ _1\"></span>rences that are available for offset against future taxable profits of the companies in which the losses or other tempo<span class=\"_ _1\"></span>rary differences arose, but have not been recognised because their recoverability is uncertain. <span class=\"_ _1\"></span>The table below shows the amounts split between UK and non-UK jurisdictions.<span class=\"_ _2b5\"> </span><table class=\"s w125 h76\" id=\"_3cdfb72c-2ebc-4b02-a5bd-edbb1e60369b\"><tr><td></td><td class=\"t m0 x307 h3b y2d69 ff6c fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y2d69 ff6d fs8 fc7 sc0 ls58 ws47\">2022</td></tr><tr><td></td><td class=\"t m0 x6e2 h3b y2d6a ff6c fs8 fc7 sc0 ls58 ws47\"> \u00a3m </td><td class=\"t m0 x6e3 h3a y2d6a ff6d fs8 fc7 sc0 ls58 ws47\"> \u00a3m </td></tr><tr><td></td><td class=\"t m0 x6e4 h3b y2d6b ff6c fs8 fc7 sc0 ls58 ws47\">Gross Amount<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x6e5 h3a y2d6b ff6d fs8 fc7 sc0 ls58 ws47\">Gross Amount<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y2d6c ff6c fs5 fc7 sc0 ls9 ws1\">UK:<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x2be y2d6d w126 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls9 ws1\">Tax losses<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6e6 y2d6d w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">628.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6e7 y2d6d w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls57 ws46\">332.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d6e w127 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls9 ws1\">Other temporary timing differences<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x480 y2d6e w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">140.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x414 y2d6e w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls57 ws46\">113.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x330 y2d6f w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">768.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x331 y2d6f w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls57 ws46\">446.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2d70 ff6c fs5 fc7 sc0 ls9 ws1\">Non-UK:<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x2be y2d71 w126 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls9 ws1\">Tax losses<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6e8 y2d71 we9 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">67.<span class=\"_ _2a\"></span>4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6e9 y2d71 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls57 ws46\">60.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c4f w127 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls9 ws1\">Other temporary timing differences<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x521 y2c4f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">11.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ea y2c4f w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls57 ws46\">11.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x6eb y2d72 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">78.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ec y2d72 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls57 ws46\">72.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 wa6 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">Total<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ed y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">847.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ee y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls57 ws46\">519.0<span class=\"_ _2b5\"> </span></div></td></tr></table>The \u00a3328.5m increase in unrecognised tax losses and other te<span class=\"_ _1\"></span>mporary differences reflects the decrease in the amounts previously recognised in respect of deferred tax assets, an<span class=\"_ _1\"></span>d unrecognised temporary differences arising during the year due to tax deductible cost reductio<span class=\"_ _1\"></span>n programme expenses, cyber costs and pension contributions.<span class=\"_ _2b5\"> </span>Assets have no time expiry, but some losses are subject to specific loss restriction rules. \u00a328<span class=\"_ _1\"></span>.8m (<span class=\"ls57 ws46\">2022</span>: \u00a339.9m) of the losses were incurred by companies acquired by the Grou<span class=\"_ _1\"></span>p and are not a result of the Group\u2019s trading performance.<span class=\"_ _2b5\"> </span>Dividends received from subsidiaries are largely exempt from UK tax but may be subje<span class=\"_ _1\"></span>ct to dividend withholding taxes levied by the overseas tax jurisdictions in which the subsidia<span class=\"_ _1\"></span>ries operate. The gross temporary differences of those subsidiaries affected by such potential taxe<span class=\"_ _1\"></span>s is \u00a348.4m (<span class=\"ls57 ws46\">2022</span>: \u00a358.4m). A deferred tax liability of \u00a35.1m (<span class=\"ls57 ws46\">2022</span>:<span class=\"ls57 ws46\"> \u00a34.9m) has been recognised on the unremitted earnings of those </span>subsidiaries affected by such potential taxes because the Group is able<span class=\"_ _1\"></span> to control the timing of reversal and it is anticipating dividends to be distributed. The earnings remitted d<span class=\"_ _1\"></span>uring the year have resulted in a reduction in the closing deferred tax liability.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTaxReceivablesAndPayablesExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-547": {
   "value": "2.6.2 <span class=\"ls9 ws1\">Deferred tax<span class=\"_ _2b5\"> </span></span>A change to the main UK statutory corporation tax rate was sub<span class=\"_ _1\"></span>stantively enacted on 24<span class=\"_ gs15\"> </span>May 2021. The rate applicable from 1<span class=\"_ gs15\"> </span>April 2023 increased from 19% to 25%. The ne<span class=\"_ _1\"></span>t UK deferred tax assets for the period to 31<span class=\"_ gs15\"> </span>December 2023, and the prior period, have been calculated based on this rate.<span class=\"_ _2b5\"> </span>Deferred tax relates to the following:<span class=\"_ _2b5\"> </span><table class=\"s w11c h74\" id=\"_b040e34d-b24e-414e-9ff5-9655d9b6c33c\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x696 h3b y2d54 ff6a fs8 fc7 sc0 ls58 ws47\">Credited/(charged) to<span class=\"_ _2b5\"> </span></td><td></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x697 h3b y2d55 ff6a fs8 fc7 sc0 ls58 ws47\">OCI and<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x698 h3a y2d56 ff6b fs8 fc7 sc0 ls58 ws47\">At </td><td class=\"t m0 x616 h3b y2d56 ff6a fs8 fc7 sc0 ls58 ws47\">Income<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x699 h3b y2d56 ff6a fs8 fc7 sc0 ls58 ws47\">changes in<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x69a h3b y2d56 ff6a fs8 fc7 sc0 ls58 ws47\">Other </td><td class=\"t m0 x69b h3b y2d56 ff6a fs8 fc7 sc0 ls58 ws47\">At </td></tr><tr><td></td><td class=\"t m0 x69c h3a y2d57 ff6b fs8 fc7 sc0 ls58 ws47\">1<span class=\"_ gs234\"> </span>January </td><td class=\"t m0 x69d h3b y2d57 ff6a fs8 fc7 sc0 ls58 ws47\">statement<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x69e h3b y2d57 ff6a fs8 fc7 sc0 ls58 ws47\">equity<span class=\"_ _2b5\"> </span></td><td class=\"c x6a0 y2d59 w11d h75\"><div class=\"t m0 x2bd h3b y2d37 ff6a fs8 fc7 sc0 ls58 ws47\">movements</div><div class=\"t m0 x69f h4a y2d58 ff6a fs1e fc7 sc0 ls5c ws4b\">2<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 x6a1 h3b y2d57 ff6a fs8 fc7 sc0 ls58 ws47\">31<span class=\"_ gs234\"> </span>December </td></tr><tr><td></td><td class=\"t m0 x4f7 h3a y2d5a ff6b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x6a2 h3b y2d5a ff6a fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x6a3 h3b y2d5a ff6a fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x63c h3b y2d5a ff6a fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3b y2d5a ff6a fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y2d5b ff6a fs5 fc7 sc0 ls57 ws46\">Deferred tax assets<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x61c y2d5c w11e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">Fixed assets which qualify for tax relief<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6a4 y2d5c w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">90.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6a5 y2d5c w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(1.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6a6 y2d5c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6a7 y2d5c w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(2.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6a8 y2d5c w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">87.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2e9 h38 y2d5d ff6b fs5 fc7 sc0 ls9 ws1\">Provisions and other temporary </td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x61c y2bd8 wfa h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">differences<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6a9 y2bd8 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">10.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6aa y2bd8 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(1.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ab y2bd8 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">2.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ac y2bd8 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ad y2bd8 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">11.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2bd9 w11f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">Pension schemes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ae y2bd9 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">5.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6af y2bd9 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b0 y2bd9 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(3.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b1 y2bd9 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b2 y2bd9 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">1.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2d5e w120 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">Share-based payments<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b3 y2d5e w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">1.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b4 y2d5e w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b5 y2d5e w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b6 y2d5e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b7 y2d5e w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">1.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2e9 h38 y2d5f ff6b fs5 fc7 sc0 ls9 ws1\">Tax losses<span class=\"_ _2b5\"> </span></td><td class=\"c n x6b8 y2bdb w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">81.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b9 y2bdb w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">(42.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ba y2bdb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6bb y2bdb w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(2.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6bc y2bdb w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">36.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x6bd y2d60 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">189.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6be y2d60 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">(45.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6bf y2d60 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c0 y2d60 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(5.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c1 y2d60 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">138.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2d61 w121 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">Jurisdictional netting<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c2 y2d61 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">(0.4)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x6c3 y2d61 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">1.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2d62 w122 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">Net deferred tax assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c4 y2d62 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">189.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c5 y2d62 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">(45.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c6 y2d62 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c7 y2d62 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(5.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c8 y2d62 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">140.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2d63 ff6a fs5 fc7 sc0 ls9 ws1\">Deferred tax liabilities<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x61c y2d64 w123 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">Acquired intangibles<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c9 y2d64 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ca y2d64 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6cb y2d64 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6cc y2d64 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6cd y2d64 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2d65 w5a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">Contract fulfilment assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ce y2d65 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">(2.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6cf y2d65 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">2.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d0 y2d65 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d1 y2d65 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d2 y2d65 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2be2 w123 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">Unremitted earnings<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6c9 y2be2 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">(4.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d3 y2be2 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d4 y2be2 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d5 y2be2 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d6 y2be2 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(5.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x6d7 y2d66 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">(7.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d8 y2d66 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">1.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ba y2d66 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d9 y2d66 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6da y2d66 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(5.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2d67 w121 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">Jurisdictional netting<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6db y2d67 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">0.4<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td></td><td class=\"c n x6dc y2d67 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(1.8)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x61c y2d68 w5a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">Net deferred tax liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ce y2d68 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls9 ws1\">(6.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6cf y2d68 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">1.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d0 y2d68 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d1 y2d68 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6d2 y2d68 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(7.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w124 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">Net deferred tax<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6dd y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6b fs5 fc7 sc0 ls57 ws46\">182.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6de y2be6 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">(43.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6df y2be6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6e0 y2be6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls9 ws1\">(5.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6e1 y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6a fs5 fc7 sc0 ls57 ws46\">133.1<span class=\"_ _2b5\"> </span></div></td></tr></table>1<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span>Mainly trading losses available to shelter future profits and deferred interest.<span class=\"_ _2b5\"> </span>2.<span class=\"_ _9\"> </span>Other movements includes business disposals.<span class=\"_ _2b5\"> </span>The main movement in the net deferred tax asset is the income statemen<span class=\"_ _1\"></span>t tax charge arising on the change in the accounting estimate of deferred tax.<span class=\"_ _2b5\"> </span>For the purpose of recognising deferred tax on the pension<span class=\"_ _1\"></span> scheme surplus, withholding tax at 35% would apply for any surplus being refunded to the Group at the end o<span class=\"_ _1\"></span>f the life of the scheme. Corporation tax at 25% would apply for any surplus expected to unwind over the life of the<span class=\"_ _1\"></span> scheme. Management have concluded that the corporation tax rate should apply to the recognition of deferred t<span class=\"_ _2a\"></span>ax on the pension scheme surplus, reflecting the Group\u2019s intention regarding the mann<span class=\"_ _1\"></span>er of recovery of the asset.<span class=\"_ _2b5\"> </span>Deferred tax assets are recognised only to the extent that it is probable th<span class=\"_ _1\"></span>at future taxable profits will be available against which the assets can be utilised. The recoverability of d<span class=\"_ _1\"></span>eferred tax assets is supported by the deferred tax liabilities against which the reversal can be offset and th<span class=\"_ _1\"></span>e expected level of future taxable profits available to offset the assets when they reverse.<span class=\"_ _2b5\"> </span>The recognition of deferred tax assets at 31<span class=\"_ gs15\"> </span>December 2023 has been based on the forecast account<span class=\"_ _2a\"></span>ing profits in the 2024-2026 business plans (BP) approved by the Board<span class=\"_ _1\"></span>. This is the same plan used to derive forecast cash flows for the goodwill impairment test (refer to note <span class=\"_ _1\"></span><span class=\"ls57 ws46\">3.4<span class=\"ls9 ws1\">). A long-term growth rate of 1.7%, as </span></span>used for impairment test purposes, has been applied to the years b<span class=\"_ _1\"></span>eyond 2026. A reducing probability factor has also been applied to future profits for the potential de<span class=\"_ _1\"></span>crease in reliability of forecasts extrapolated for later years, such that profits beyond seven years of the balance she<span class=\"_ _1\"></span>et date have not been considered probable for the purpose of assessing deferred tax asset recogn<span class=\"_ _1\"></span>ition.<span class=\"_ _2b5\"> </span>Unused tax losses make up the majority of the temporary differences availab<span class=\"_ _1\"></span>le to be utilised in future periods. These losses mainly arose due to the historic adoption of IF<span class=\"_ _1\"></span>RS<span class=\"_ gs15\"> </span>15, previous Covid-19 related downward pressures on profits and tax deductible restructuring costs, an<span class=\"_ _1\"></span>d in the current year due to tax deductible cost reduction programme expenses, cyber costs and pen<span class=\"_ _1\"></span>sion contributions. Based on the forecast accounting profits, management have concluded that some<span class=\"_ _1\"></span> of the deductible temporary differences and unused tax losses are not recognisable due to uncertain<span class=\"_ _1\"></span>ty in their recoverability. Therefore, there is a decrease in the amounts previously recognised in respect of deferre<span class=\"_ _1\"></span>d tax assets, along with further unrecognised temporary differences arising during the year. The<span class=\"_ _1\"></span> impact of this is a charge to the income statement of \u00a345.2m. This is included in the movement in unrecognise<span class=\"_ _1\"></span>d temporary differences of <span class=\"ls57 ws46\">\u00a382.0m</span> in the tax reconciliation table in section<span class=\"_ gs15\"> </span>2.6.1<span class=\"_ _1\"></span> above, which also includes unrecognised current year t<span class=\"ls57 ws46\">emporary </span>differences (mainly losses) of \u00a336.8m. The reported income statement cha<span class=\"_ _1\"></span>rge <span class=\"ls57 ws46\">includes \u00a345.5m change in </span>the deferred tax asset estimate due to the reduction in future taxab<span class=\"_ _1\"></span>le profits on disposal of taxable subsidiaries, reflected in the tax arising on business exits (see Note <span class=\"_ _1\"></span><span class=\"ls57 ws46\">2.8).<span class=\"_ _2b5\"> </span></span>Deferred tax asset recognition depends on the reliability of manag<span class=\"_ _1\"></span>ement\u2019s forecasts and the assumptions that underlie them. Management have considered the severe but plausible downsides appli<span class=\"_ _2a\"></span>ed to the base-<span class=\"_ _2b5\"> </span>case projections for assessing going concern and viability, to gauge<span class=\"_ _1\"></span> sensitivity and identify a reasonable possible alternative result. This scenario identified a further potentia<span class=\"_ _1\"></span>l reduction in recognised deferred tax assets of approximately <span class=\"ls57 ws46\">\u00a316m</span>.<span class=\"_ _2b5\"> </span>The Group has unrecognised tax losses and other temporary diffe<span class=\"_ _1\"></span>rences that are available for offset against future taxable profits of the companies in which the losses or other tempo<span class=\"_ _1\"></span>rary differences arose, but have not been recognised because their recoverability is uncertain. <span class=\"_ _1\"></span>The table below shows the amounts split between UK and non-UK jurisdictions.<span class=\"_ _2b5\"> </span><table class=\"s w125 h76\" id=\"_3cdfb72c-2ebc-4b02-a5bd-edbb1e60369b\"><tr><td></td><td class=\"t m0 x307 h3b y2d69 ff6c fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y2d69 ff6d fs8 fc7 sc0 ls58 ws47\">2022</td></tr><tr><td></td><td class=\"t m0 x6e2 h3b y2d6a ff6c fs8 fc7 sc0 ls58 ws47\"> \u00a3m </td><td class=\"t m0 x6e3 h3a y2d6a ff6d fs8 fc7 sc0 ls58 ws47\"> \u00a3m </td></tr><tr><td></td><td class=\"t m0 x6e4 h3b y2d6b ff6c fs8 fc7 sc0 ls58 ws47\">Gross Amount<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x6e5 h3a y2d6b ff6d fs8 fc7 sc0 ls58 ws47\">Gross Amount<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y2d6c ff6c fs5 fc7 sc0 ls9 ws1\">UK:<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x2be y2d6d w126 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls9 ws1\">Tax losses<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6e6 y2d6d w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">628.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6e7 y2d6d w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls57 ws46\">332.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d6e w127 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls9 ws1\">Other temporary timing differences<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x480 y2d6e w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">140.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x414 y2d6e w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls57 ws46\">113.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x330 y2d6f w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">768.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x331 y2d6f w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls57 ws46\">446.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2d70 ff6c fs5 fc7 sc0 ls9 ws1\">Non-UK:<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x2be y2d71 w126 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls9 ws1\">Tax losses<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6e8 y2d71 we9 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">67.<span class=\"_ _2a\"></span>4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6e9 y2d71 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls57 ws46\">60.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c4f w127 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls9 ws1\">Other temporary timing differences<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x521 y2c4f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">11.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ea y2c4f w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls57 ws46\">11.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x6eb y2d72 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">78.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ec y2d72 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls57 ws46\">72.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 wa6 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">Total<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ed y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6c fs5 fc7 sc0 ls57 ws46\">847.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ee y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6d fs5 fc7 sc0 ls57 ws46\">519.0<span class=\"_ _2b5\"> </span></div></td></tr></table>The \u00a3328.5m increase in unrecognised tax losses and other te<span class=\"_ _1\"></span>mporary differences reflects the decrease in the amounts previously recognised in respect of deferred tax assets, an<span class=\"_ _1\"></span>d unrecognised temporary differences arising during the year due to tax deductible cost reductio<span class=\"_ _1\"></span>n programme expenses, cyber costs and pension contributions.<span class=\"_ _2b5\"> </span>Assets have no time expiry, but some losses are subject to specific loss restriction rules. \u00a328<span class=\"_ _1\"></span>.8m (<span class=\"ls57 ws46\">2022</span>: \u00a339.9m) of the losses were incurred by companies acquired by the Grou<span class=\"_ _1\"></span>p and are not a result of the Group\u2019s trading performance.<span class=\"_ _2b5\"> </span>Dividends received from subsidiaries are largely exempt from UK tax but may be subje<span class=\"_ _1\"></span>ct to dividend withholding taxes levied by the overseas tax jurisdictions in which the subsidia<span class=\"_ _1\"></span>ries operate. The gross temporary differences of those subsidiaries affected by such potential taxe<span class=\"_ _1\"></span>s is \u00a348.4m (<span class=\"ls57 ws46\">2022</span>: \u00a358.4m). A deferred tax liability of \u00a35.1m (<span class=\"ls57 ws46\">2022</span>:<span class=\"ls57 ws46\"> \u00a34.9m) has been recognised on the unremitted earnings of those </span>subsidiaries affected by such potential taxes because the Group is able<span class=\"_ _1\"></span> to control the timing of reversal and it is anticipating dividends to be distributed. The earnings remitted d<span class=\"_ _1\"></span>uring the year have resulted in a reduction in the closing deferred tax liability.<span class=\"_ _2b5\"> </span>3.1.1 Trade and other receivables<span class=\"_ _2b5\"> </span>Accounting policies<span class=\"_ _2b5\"> </span>Trade receivables: <span class=\"ff81 ls9 ws1\">Trade receivables are initially recognised at cost (being the same as fair valu<span class=\"_ _1\"></span>e) and </span>subsequently at amortised cost less any provision for impairment, to ensure th<span class=\"_ _1\"></span>e amounts recognised represent their recoverable amount.<span class=\"_ _2b5\"> </span>Impairment:<span class=\"ff81\"> For trade receivables, the Group applies the simplified a<span class=\"_ _1\"></span>pproach permitted by IFRS<span class=\"_ gs15\"> </span>9 </span>Financial Instruments<span class=\"ff81 ls9 ws1\">, resulting in trade receivables recognised and carried at original invoice amoun<span class=\"_ _1\"></span>t less </span>an allowance for any uncollectible amounts based on expected cre<span class=\"_ _1\"></span>dit losses. Where the carrying amount of an asset exceeds its recoverable amount, the asset is considered impaire<span class=\"_ _1\"></span>d and is written down to its recoverable amount.<span class=\"_ _2b5\"> </span>The Group monitors the level of trade receivables on a monthly basis, co<span class=\"_ _1\"></span>ntinually assessing the risk of default by any counterparty. Each customer has an external credit score wh<span class=\"_ _1\"></span>ich determines the level of credit provided.<span class=\"_ _2b5\"> </span>Derecognition:<span class=\"ff81 ls9 ws1\"> A financial asset (or, where applicable, a part of a financial asset or part of a gro<span class=\"_ _1\"></span>up of </span>similar financial assets) is derecognised (ie removed from the Group\u2019s consolidate<span class=\"_ _1\"></span>d balance sheet) when (i) the rights to receive the cash flows from the asset have expired; or, (ii) the Group h<span class=\"_ _1\"></span>as transferred its right to receive cash flows from the asset or has assumed an obligation to pay the<span class=\"_ _1\"></span> received cash flows in full without material delay to a third party under a \u2018pass-through\u2019 arrang<span class=\"_ _1\"></span>ement; and either (a) the Group has transferred substantially all the risk and rewards of the asset; or, (b) the Group<span class=\"_ _1\"></span> has neither transferred nor retained substantially all the risks and rewards of the asset, but has transfe<span class=\"_ _1\"></span>rred control of the asset.<span class=\"_ _2b5\"> </span>Trade receivables that are sold without recourse are derecognise<span class=\"_ _1\"></span>d at the point of sale when the risks and rewards of the receivables have been fully transferred.<span class=\"_ _2b5\"> </span>Accrued income: <span class=\"ff81 ls9 ws1\">Accrued income in relation to contract assets is recognised when payments receive<span class=\"_ _1\"></span>d </span>from customers are less than the revenue recognised by the balance<span class=\"_ _1\"></span> sheet date.<span class=\"_ _2b5\"> </span><table class=\"s w53 h88\" id=\"_49bff0a3-ffc1-4e71-81c8-6e655690c934\"><tr><td></td><td></td><td class=\"c n x9a3 y2e2b w196 h69\"><div class=\"t m0 x2bd h3b y2d37 ff80 fs8 fc7 sc0 ls58 ws47\">Current<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x9a4 y2e2b w197 h69\"><div class=\"t m0 x2bd h3b y2d37 ff80 fs8 fc7 sc0 ls58 ws47\">Non-current<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x7a6 h3b y2e2c ff80 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x833 h3a y2e2d ff81 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x307 h3b y2e2c ff80 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y2e2d ff81 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x834 h3b y2e2e ff80 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x617 h3a y2e2e ff81 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30a h3b y2e2e ff80 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2e2e ff81 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2e2f w198 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">Trade receivables<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9a5 y2e2f w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">126.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9a6 y2e2f w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">149.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9a7 y2e2f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9a8 y2e2f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2e30 ff81 fs5 fc7 sc0 ls9 ws1\">Other receivables<span class=\"_ _2b5\"> </span></td><td class=\"c n x9a9 y2e31 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">15.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9aa y2e31 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">23.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ab y2e31 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">4.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ac y2e31 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">5.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e11 w169 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Other taxes and social security<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ad y2e11 w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">2.<span class=\"_ _2a\"></span>3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ae y2e11 w49 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">9.<span class=\"_ _2a\"></span>6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9af y2e11 w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">1.<span class=\"_ _2a\"></span>0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b0 y2e11 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2e32 ff81 fs5 fc7 sc0 ls9 ws1\">Current contract fulfilment assets<span class=\"_ _2b5\"> </span></td><td class=\"c n x9a9 y2e12 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">13.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9aa y2e12 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">10.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b1 y2e12 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b2 y2e12 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bf8 w5b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Accrued income<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b3 y2bf8 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">138.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b4 y2bf8 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">179.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b5 y2bf8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x798 y2bf8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bfb w166 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">Prepayments<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b6 y2bfb w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">54.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b7 y2bfb w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">58.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b8 y2bfb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">7.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b9 y2bfb w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">10.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x9ba y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">350.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9bb y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">430.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9bc y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">12.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9bd y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">15.8<span class=\"_ _2b5\"> </span></div></td></tr></table>1<span class=\"_ _2b5\"> </span>2<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span>Other receivables includes \u00a30.3m (2022: \u00a30.4m) of accrued interest on cross-currency interest rate swaps.<span class=\"_ _2b5\"> </span>2.<span class=\"_ _9\"> </span>Refer to note 3.1.3 for non-current contract fulfilment assets.<span class=\"_ _2b5\"> </span>Trade receivables are non-interest bearing and generally on 30-day terms.<span class=\"_ _2b5\"> </span>The Group\u2019s accrued income balances solely relate to revenue from co<span class=\"_ _1\"></span>ntracts with customers. Movements in the accrued income balances were driven by transactions entered in<span class=\"_ _1\"></span>to by the Group in the normal course of business during the year.<span class=\"_ _2b5\"> </span>Movements in the loss allowance made against receivables were as follows:<span class=\"_ _2b5\"> </span><table class=\"s w199 h89\" id=\"_02a8164f-7add-48c1-a23d-f00b8e090b8a\"><tr><td></td><td class=\"t m0 x344 h3b y2e33 ff80 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x345 h3a y2e34 ff81 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x347 h3b y2e35 ff80 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2e35 ff81 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2e2f w19a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x516 y2e2f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">29.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x517 y2e2f w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">19.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e31 w19b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Utilised<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9be y2e31 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls9 ws1\">(1.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9bf y2e31 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">(4.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e11 w19c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Provided in the year<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c0 y2e11 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">4.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c1 y2e11 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">15.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e12 w19d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">Released in the year<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c2 y2e12 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">(25.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c3 y2e12 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e29 w19e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Business disposal<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c4 y2e29 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls9 ws1\">(1.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c5 y2e29 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">(1.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2e36 ff81 fs5 fc7 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2b5\"> </span></td><td class=\"c n x9c6 y2bfb w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls9 ws1\">(1.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c7 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w154 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">At 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c8 y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">5.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x707 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">29.7<span class=\"_ _2b5\"> </span></div></td></tr></table>1<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span>Transfers to disposal group assets held for sale in the year ended 31<span class=\"_ gs234\"> </span>December 2023 represent amounts transferred at 30<span class=\"_ gs234\"> </span>June 2023 and subsequently sold during the second half of the year.<span class=\"_ _2b5\"> </span><table class=\"s w19f h8a\" id=\"_79e52447-3173-4fef-b00e-0b4010a488b8\"><tr><td></td><td class=\"t m0 x344 h3b y2e2c ff80 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x345 h3a y2e2d ff81 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h3a y2e37 ff81 fs8 fc7 sc0 ls58 ws47\">Ageing of trade receivables<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x347 h3b y2e37 ff80 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2e37 ff81 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2e2f w1a0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">Not due<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x44e y2e2f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">79.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x44f y2e2f w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">118.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e31 w1a1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Overdue by less than three months<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x704 y2e31 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">19.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x705 y2e31 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">26.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e11 w1a2 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">Overdue between three and six months<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x413 y2e11 w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">4.<span class=\"_ _2a\"></span>9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c9 y2e11 w49 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">6.<span class=\"_ _2a\"></span>3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e12 w17d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Overdue between six and twelve months<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x791 y2e12 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ca y2e12 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">9.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c x2be y2bf8 w1a3 h8b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Overdue more than twelve months</div><div class=\"t m0 x9cb h3e y2e38 ff81 fs1c fc7 sc0 ls9 ws1\">1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9cc y2bf8 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">23.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9cd y2bf8 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">18.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2e39 ff81 fs5 fc7 sc0 ls9 ws1\">Allowance for doubtful debts<span class=\"_ _2b5\"> </span></td><td class=\"c n x9c6 y2bfb w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls9 ws1\">(5.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ce y2bfb w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">(29.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x353 y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">126.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x354 y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">149.9<span class=\"_ _2b5\"> </span></div></td></tr></table>1<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span>The increase in amounts overdue by more than twelve months and the decrease in the allowance for doubtful debts primarily relate to a commercial settlement in the closed book Life &amp; Pensions business which will not be received until a future date.<span class=\"_ _2b5\"> </span>Under the simplified approach permitted by IFRS<span class=\"_ gs15\"> </span>9, all invoices <span class=\"_ _1\"></span>six months or more past due are fully provided for unless there is a specific confirmation from the customer that the in<span class=\"_ _1\"></span>voice will be settled during the following month, or there are specific circumstances such that recognition<span class=\"_ _1\"></span> of a provision is not appropriate. Additionally, any other invoices where the customer relatio<span class=\"_ _1\"></span>nship manager has identified significant financial problems which mean that customer is unlikely to pay the in<span class=\"_ _1\"></span>voice in the near future are also provided for. No material amounts receivable were renegotiated<span class=\"_ _1\"></span> such that they were not past due at the balance sheet date.<span class=\"_ _2b5\"> </span>The Group trades only with third parties that are expected to be cred<span class=\"_ _1\"></span>itworthy. It is the Group\u2019s policy that all clients who wish to trade on credit terms are subject to credit verification procedu<span class=\"_ _1\"></span>res. The Group manages its operations to avoid any excessive concentration of counterparty risk an<span class=\"_ _1\"></span>d the Group takes all reasonable steps to seek assurance from the counterparties that they can fulfil their ob<span class=\"_ _1\"></span>ligations. In addition, receivable balances are monitored on an ongoing basis with the result that th<span class=\"_ _1\"></span>e Group\u2019s exposure to credit loss remains low.<span class=\"_ _2b5\"> </span>Non-recourse trade receivable financing<span class=\"_ _2b5\"> </span>The value of invoices sold under the UK non-recourse trade receiva<span class=\"_ _1\"></span>bles financing <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span> was \u00a323.7m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a336.9m<span class=\"ls9 ws1\">). Additionally, in Germany the Group uses a non-recourse trade receivable<span class=\"_ _1\"></span> financing </span>arrangement for two specific customer contracts, the value of invoices sold und<span class=\"_ _1\"></span>er that arrangement at 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> was </span>\u00a311.5m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a37.5m<span class=\"ls9 ws1\">).<span class=\"_ _2b5\"> </span></span>The cost of selling such invoices totalled <span class=\"ls57 ws46\">\u00a33.7m</span> (<span class=\"ls57 ws46\">2022</span>: \u00a30.8m) a<span class=\"_ _1\"></span>nd was included in net finance expense in the consolidated income statement (2022: administrative expenses).<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-475": {
   "value": "2.7 Earnings/(loss) per share<span class=\"_ _2b5\"> </span>Accounting policies<span class=\"_ _2b5\"> </span>Basic earnings/(loss) per share are calculated by dividing net profit for the p<span class=\"_ _1\"></span>eriod attributable to ordinary equity holders of the Parent Company by the weighted average number of ordinary shares<span class=\"_ _2a\"></span> outstanding during the year.<span class=\"_ _2b5\"> </span>Diluted earnings/(loss) per share are calculated by dividing the net (loss)/p<span class=\"_ _1\"></span>rofit for the period attributable to ordinary equity holders of the Parent Company by the weighted avera<span class=\"_ _1\"></span>ge number of ordinary shares outstanding during the year plus the weighted average number of ordinary shares that would be i<span class=\"_ _2a\"></span>ssued on the conversion of all the dilutive potential ordinary shares into ordin<span class=\"_ _1\"></span>ary shares.<span class=\"_ _2b5\"> </span><table class=\"s w128 h77\" id=\"_6a538aa6-d5ea-4f4b-9bb7-cee3a47a8320\"><tr><td></td><td></td><td class=\"c n x6ef y2d73 wc7 h69\"><div class=\"t m0 x2bd h3a y2c9f ff6e fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6f0 y2d73 wc7 h67\"><div class=\"t m0 x2bd h3a y2c9f ff6f fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x6f1 y2d74 w129 h69\"><div class=\"t m0 x2bd h3a y2c9f ff6e fs8 fc7 sc0 ls58 ws47\">pence<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6f2 y2d74 w12a h67\"><div class=\"t m0 x2bd h3a y2c9f ff6f fs8 fc7 sc0 ls58 ws47\">pence<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2d75 ff6f fs5 fc7 sc0 ls9 ws1\">Basic earnings/(loss) per share<span class=\"_ _2b5\"> </span></td><td class=\"c n x6f3 y2be3 w12b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6f fs5 fc7 sc0 ls57 ws46\">\u2013 reported<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6f4 y2be3 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6e fs5 fc7 sc0 ls57 ws46\">(10.60)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6f5 y2be3 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6f fs5 fc7 sc0 ls57 ws46\">4.47<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x6f3 y2be4 w12c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6f fs5 fc7 sc0 ls57 ws46\">\u2013 adjusted<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6f6 y2be4 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6e fs5 fc7 sc0 ls57 ws46\">1.70<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6f7 y2be4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6f fs5 fc7 sc0 ls57 ws46\">2.64<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2d76 ff6f fs5 fc7 sc0 ls9 ws1\">Diluted earnings/(loss) per share<span class=\"_ _2b5\"> </span></td><td class=\"c n x6f3 y2be5 w12b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6f fs5 fc7 sc0 ls57 ws46\">\u2013 reported<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6f4 y2be5 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6e fs5 fc7 sc0 ls57 ws46\">(10.60)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6f5 y2be5 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6f fs5 fc7 sc0 ls57 ws46\">4.40<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x6f3 y2be6 w12c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6f fs5 fc7 sc0 ls57 ws46\">\u2013 adjusted<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6f6 y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6e fs5 fc7 sc0 ls57 ws46\">1.70<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6f7 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6f fs5 fc7 sc0 ls57 ws46\">2.60<span class=\"_ _2b5\"> </span></div></td></tr></table>The following tables show the earnings and share data used in<span class=\"_ _1\"></span> the basic and diluted earnings/(loss) per share calculations:<span class=\"_ _2b5\"> </span><table class=\"s w12d h78\" id=\"_053930bd-e922-4097-8b95-642025192085\"><tr><td></td><td></td><td class=\"c n x6ef y2d77 wc7 h69\"><div class=\"t m0 x2bd h3a y2c9f ff6e fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6f0 y2d77 wc7 h67\"><div class=\"t m0 x2bd h3a y2c9f ff6f fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n x6f8 y2d78 w12e h69\"><div class=\"t m0 x2bd h3a y2c9f ff6e fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6f9 y2d78 w12f h67\"><div class=\"t m0 x2bd h3a y2c9f ff6f fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d79 w130 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6f fs5 fc7 sc0 ls9 ws1\">Reported (loss)/profit before tax for the period<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x44b y2d79 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6e fs5 fc7 sc0 ls57 ws46\">(106.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x44c y2d79 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6f fs5 fc7 sc0 ls57 ws46\">61.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2d7a ff6f fs5 fc7 sc0 ls9 ws1\">Income tax (charge)/credit<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x6fa h38 y2d7b ff6f fs5 fc7 sc0 ls57 ws46\">2.6.1<span class=\"_ _2b5\"> </span></td><td class=\"c n x6fb y2d7c w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6e fs5 fc7 sc0 ls57 ws46\">(74.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6fc y2d7c w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6f fs5 fc7 sc0 ls57 ws46\">14.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d7d w131 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6f fs5 fc7 sc0 ls9 ws1\">Reported (loss)/profit for the period<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x6fd y2d7d w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6e fs5 fc7 sc0 ls57 ws46\">(180.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x674 y2d7d w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6f fs5 fc7 sc0 ls57 ws46\">76.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d7e w132 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6f fs5 fc7 sc0 ls9 ws1\">Less: Non-controlling interest<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x34a y2d7e w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6e fs5 fc7 sc0 ls57 ws46\">2.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x35f y2d7e w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6f fs5 fc7 sc0 ls9 ws1\">(1.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d7f w133 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6f fs5 fc7 sc0 ls9 ws1\">Total (loss)/profit attributable to shareholders<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x6fe y2d7f w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6e fs5 fc7 sc0 ls57 ws46\">(178.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ff y2d7f w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6f fs5 fc7 sc0 ls57 ws46\">74.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c x2be y2d82 w134 h79\"><div class=\"t m0 x2bd h38 y2d80 ff6f fs5 fc7 sc0 ls9 ws1\">Adjusted profit before tax</div><div class=\"t m0 x700 h3e y2d81 ff6f fs1c fc7 sc0 ls9 ws1\">1<span class=\"_ _2b5\"> </span></div><div class=\"t m0 x701 h38 y2bd0 ff6f fs5 fc7 sc0 ls9 ws1\">for the period<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 x702 h38 y2d83 ff6f fs5 fc7 sc0 ls57 ws46\">2.4<span class=\"_ _2b5\"> </span></td><td class=\"c n x6eb y2d82 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6e fs5 fc7 sc0 ls57 ws46\">56.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ec y2d82 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6f fs5 fc7 sc0 ls57 ws46\">49.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2d84 ff6f fs5 fc7 sc0 ls9 ws1\">Income tax (charge)/credit<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x6fa h38 y2d85 ff6f fs5 fc7 sc0 ls57 ws46\">2.6.1<span class=\"_ _2b5\"> </span></td><td class=\"c n x6fb y2d71 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6e fs5 fc7 sc0 ls57 ws46\">(31.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x703 y2d71 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6f fs5 fc7 sc0 ls9 ws1\">(4.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c4f w135 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6f fs5 fc7 sc0 ls9 ws1\">Adjusted profit for the period<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x704 y2c4f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6e fs5 fc7 sc0 ls57 ws46\">25.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x705 y2c4f w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6f fs5 fc7 sc0 ls57 ws46\">45.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be5 w132 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6f fs5 fc7 sc0 ls9 ws1\">Less: Non-controlling interest<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x34a y2be5 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6e fs5 fc7 sc0 ls57 ws46\">3.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x35f y2be5 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6f fs5 fc7 sc0 ls9 ws1\">(1.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w136 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6f fs5 fc7 sc0 ls9 ws1\">Adjusted profit attributable to shareholders<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x706 y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6e fs5 fc7 sc0 ls57 ws46\">28.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x707 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6f fs5 fc7 sc0 ls57 ws46\">44.2<span class=\"_ _2b5\"> </span></div></td></tr></table>1.<span class=\"_ _9\"> </span>Definitions of the alternative performance measures and related Key Performance Indicators (KPIs) can be found in section 8.2.<span class=\"_ _2b5\"> </span><div class=\"gs233\"><table class=\"s wdd h7a\" id=\"_fca71783-fb18-442c-a810-2badb21f1c93\"><tr><td></td><td class=\"t m0 x344 h3b y2d86 ff6e fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x345 h3a y2d87 ff6f fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x708 h3b y2d88 ff6e fs8 fc7 sc0 ls9 ws1\">m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x709 h3a y2d88 ff6f fs8 fc7 sc0 ls9 ws1\">m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h38 y2d89 ff6f fs5 fc7 sc0 ls9 ws1\">Weighted average number of ordinary shares (excluding Employee<span class=\"_ _1\"></span> Benefit </td><td></td><td></td></tr><tr><td class=\"c n x2be y2d30 w137 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6f fs5 fc7 sc0 ls9 ws1\">Trust shares) for basic earnings per share<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x70a y2d30 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6e fs5 fc7 sc0 ls57 ws46\">1,680.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x70b y2d30 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6f fs5 fc7 sc0 ls57 ws46\">1,671.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2d8a ff6f fs5 fc7 sc0 ls9 ws1\">Dilutive potential ordinary shares:<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x452 y2d8b w138 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6f fs5 fc7 sc0 ls57 ws46\">Employee share options<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x70c y2d8b w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6e fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x70d y2d8b w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6f fs5 fc7 sc0 ls57 ws46\">30.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2d8c ff6f fs5 fc7 sc0 ls9 ws1\">Weighted average number of ordinary shares (excluding Employee<span class=\"_ _1\"></span> Benefit </td><td></td><td></td></tr><tr><td class=\"c n x2be y2be6 w139 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6f fs5 fc7 sc0 ls9 ws1\">Trust shares) adjusted for the effect of dilution<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x70e y2be6 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff6e fs5 fc7 sc0 ls57 ws46\">1,680.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x70f y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff6f fs5 fc7 sc0 ls57 ws46\">1,701.7<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ff6f fs5 fc7 sc0 ls9 ws1 gs371\">At <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span> <span class=\"ls57 ws46\">35,795,731</span> (<span class=\"ls57 ws46\">2022</span>: nil) options were excluded from the diluted weighted average </div><div class=\"t m0 h38 ff6f fs5 fc7 sc0 ls9 ws1 gs372\">number of ordinary shares calculation because their effect would ha<span class=\"_ _1\"></span>ve been anti-dilutive. Under IAS<span class=\"_ gs15\"> </span>33 </div><div class=\"t m0 h38 ff70 fs5 fc7 sc0 ls57 ws46 gs373\">Earnings per Share<span class=\"ff6f ls9 ws1\">, potential ordinary shares are treated as dilutive when, and only when<span class=\"_ _1\"></span>, their conversion </span></div><div class=\"t m0 h38 ff6f fs5 fc7 sc0 ls9 ws1 gs210\">into ordinary shares would decrease earnings per share or increase<span class=\"_ _1\"></span> loss per share from continuing </div><div class=\"t m0 h38 ff6f fs5 fc7 sc0 ls57 ws46 gs374\">operations.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff6f fs5 fc7 sc0 ls57 ws46 gs375\">The earnings per share figures are calculated based on earnings attributable to ordinary equi<span class=\"_ _2a\"></span>ty holders of </div><div class=\"t m0 h38 ff6f fs5 fc7 sc0 ls9 ws1 gs213\">the Parent Company, and therefore exclude non-controlling inte<span class=\"_ _1\"></span>rest. The earnings per share is calculated </div><div class=\"t m0 h38 ff6f fs5 fc7 sc0 ls9 ws1 gs376\">on a total reported and an adjusted basis. The earnings pe<span class=\"_ _1\"></span>r share for business exits and specific items are </div><div class=\"t m0 h38 ff6f fs5 fc7 sc0 ls9 ws1 gs377\">reconciling items between total reported and adjusted basic earn<span class=\"_ _1\"></span>ings per share.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff6f fs5 fc7 sc0 ls57 ws46 gs216\">There have been no other transactions involving ordinary shares or potential ordinar<span class=\"_ _2a\"></span>y shares between the </div><div class=\"t m0 h38 ff6f fs5 fc7 sc0 ls57 ws46 gs378\">balance sheet date and the date on which these consolidated financial statements were author<span class=\"_ _2a\"></span>ised for </div><div class=\"t m0 h38 ff6f fs5 fc7 sc0 ls9 ws1 gs218\">issue.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-447": {
   "value": "Accounting policies<span class=\"_ _2b5\"> </span>Basic earnings/(loss) per share are calculated by dividing net profit for the p<span class=\"_ _1\"></span>eriod attributable to ordinary equity holders of the Parent Company by the weighted average number of ordinary shares<span class=\"_ _2a\"></span> outstanding during the year.<span class=\"_ _2b5\"> </span>Diluted earnings/(loss) per share are calculated by dividing the net (loss)/p<span class=\"_ _1\"></span>rofit for the period attributable to ordinary equity holders of the Parent Company by the weighted avera<span class=\"_ _1\"></span>ge number of ordinary shares outstanding during the year plus the weighted average number of ordinary shares that would be i<span class=\"_ _2a\"></span>ssued on the conversion of all the dilutive potential ordinary shares into ordin<span class=\"_ _1\"></span>ary shares.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEarningsPerShareExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-501": {
   "value": "2.8 Business exits and assets held for sale<span class=\"_ _2b5\"> </span>Accounting policies<span class=\"_ _2b5\"> </span>Business exits<span class=\"_ _2b5\"> </span>Business exits are businesses that have been sold, exited during the p<span class=\"_ _1\"></span>eriod, or are in the process of being sold or exited in accordance with the Group's strategy. None of these b<span class=\"_ _1\"></span>usiness exits meets the definition of \u2018discontinued operations\u2019 as stipulated by IFRS<span class=\"_ gs15\"> </span>5 <span class=\"_ _1\"></span><span class=\"ff73\">Non-current Assets Held for Sale and Discontinued </span>Operations<span class=\"ff72 ls9 ws1\">, which requires comparative financial information to be restated where the relative<span class=\"_ _1\"></span> size of a </span>disposal or business closure is significant, which is normally understood to mea<span class=\"_ _1\"></span>n a reported segment.<span class=\"_ _2b5\"> </span>However, the trading result of these businesses, non-trading expense<span class=\"_ _1\"></span>s, and any gain/loss on disposal, have been excluded from adjusted results. To enable a like-for-like compariso<span class=\"_ _1\"></span>n of adjusted results, the <span class=\"ls57 ws46\">2022</span> comparatives have been re-presented to exclude the businesse<span class=\"_ _1\"></span>s classified as business exits during <span class=\"ls57 ws46\">2023</span>.<span class=\"_ _2b5\"> </span>Assets held for sale<span class=\"_ _2b5\"> </span>The Group classifies a non-current asset (or disposal group) as held fo<span class=\"_ _1\"></span>r sale if its carrying amount will be recovered principally through a sale transaction rather than contin<span class=\"_ _1\"></span>ued use. For this to be the case, the asset (or disposal group) must be available for immediate sale in its present con<span class=\"_ _1\"></span>dition subject only to terms that are usual and customary for sales of such assets (or disposal groups) and<span class=\"_ _1\"></span> its sale must be highly probable. For the sale to be highly probable, the appropriate level of ma<span class=\"_ _1\"></span>nagement must be committed to a plan to sell the asset (or disposal group), and an active programme to locate a bu<span class=\"_ _1\"></span>yer and complete the plan must have been initiated. Further, the asset (or disposal group) must be actively ma<span class=\"_ _1\"></span>rketed for sale at a price that is reasonable in relation to its current fair value, and, the sale should b<span class=\"_ _1\"></span>e expected to be completed within one year from the date of classification.<span class=\"_ _2b5\"> </span>Based on the above requirements, individual businesses will only reach<span class=\"_ _1\"></span> the criteria to be treated as held for sale when their disposal is seen to be highly probable, and expe<span class=\"_ _1\"></span>cted to complete within the following twelve months. At <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span> one business (the Group\u2019s 75% shareholding in Fera Scie<span class=\"_ _1\"></span>nce Limited (Fera)) was deemed to have met this threshold. At <span class=\"_ _1\"></span><span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2022<span class=\"ls9 ws1\"> </span>no disposals wer<span class=\"_ _2a\"></span>e deemed to have </span>met this threshold.<span class=\"_ _2b5\"> </span>2023 business exits<span class=\"_ _2b5\"> </span>Business exits at <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span> primarily comprised the following business disp<span class=\"_ _1\"></span>osals:<span class=\"_ _2b5\"> </span><table class=\"s w13a h7b\" id=\"_4f68880d-ba3b-4a2b-b91e-e28e5ef87569\"><tr><td class=\"c n x2be y2d8d w13b h69\"><div class=\"t m0 x2bd h3b y2d37 ff71 fs8 fc7 sc0 ls58 ws47\">Business<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x710 y2d8d w13c h69\"><div class=\"t m0 x2bd h3b y2d37 ff71 fs8 fc7 sc0 ls58 ws47\">Disposal completed on<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c4a w13d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">Resourcing<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x711 y2c4a w13e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">31 May 2023<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d6f w13f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">Security Watchdog<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x712 y2d6f w140 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">31 M<span class=\"_ _2a\"></span>ay 2023<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d8e w141 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">PageOne<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x713 y2d8e w142 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">31 July 2023<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be3 w143 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">Software<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x714 y2be3 w142 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">31 July 2023<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be4 w144 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">Enforcement<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x713 y2be4 w142 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">31 July 2023<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be5 w145 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">Travel<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x715 y2be5 w146 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">14 November 2023<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w147 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">Fera<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x716 y2be6 w148 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">17 January 2024<span class=\"_ _2b5\"> </span></div></td></tr></table>In addition to the above disposals, the Group decided to exit a bu<span class=\"_ _1\"></span>siness in Capita Public Service in the second half of the year, and the trading result and non-trading expenses of this busines<span class=\"_ _2a\"></span>s have been excluded from adjusted results.<span class=\"_ _2b5\"> </span><table class=\"s w149 h7c\" id=\"_5ca618e4-1c47-4f58-b376-67917bb25dc4\"><tr><td></td><td></td><td class=\"c n x717 y2d8f wc7 h69\"><div class=\"t m0 x2bd h3a y2c9f ff71 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x718 y2d8f w14a h67\"><div class=\"t m0 x2bd h3a y2c9f ff72 fs8 fc7 sc0 ls58 ws47\">2022 <span class=\"_ _1\"></span>(Re-presented)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x719 h3b y2d90 ff71 fs8 fc7 sc0 ls58 ws47\">Trading<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x71a h3b y2d90 ff71 fs8 fc7 sc0 ls58 ws47\">Non-trading<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x71b h3b y2d90 ff71 fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x71c h3a y2d90 ff72 fs8 fc7 sc0 ls58 ws47\">Trading<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x71d h3a y2d90 ff72 fs8 fc7 sc0 ls58 ws47\">Non-trading<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x71e h3a y2d90 ff72 fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h3b y2d91 ff71 fs8 fc7 sc0 ls58 ws47\">Income statement impact<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x71f h3b y2d91 ff71 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x720 h3b y2d91 ff71 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x721 h3b y2d91 ff71 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x722 h3a y2d91 ff72 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x492 h3a y2d91 ff72 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x723 h3a y2d91 ff72 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2d92 w25 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">Revenue<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x724 y2d92 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">172.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x725 y2d92 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x726 y2d92 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">172.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x727 y2d92 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">405.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x728 y2d92 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x729 y2d92 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">405.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d93 w28 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">Cost of sales<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x72a y2d93 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">(110.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x72b y2d93 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x72c y2d93 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">(110.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x72d y2d93 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">(284.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x72e y2d93 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x72f y2d93 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">(284.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d94 w14b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">Gross profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x730 y2d94 we9 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">61.<span class=\"_ _2a\"></span>8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x731 y2d94 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x732 y2d94 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">61.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x733 y2d94 w56 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">121.<span class=\"_ _2a\"></span>0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x734 y2d94 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x735 y2d94 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">121.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d95 w2c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">Administrative expenses<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x736 y2d95 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">(65.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x737 y2d95 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">(33.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x738 y2d95 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">(98.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x739 y2d95 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">(81.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x73a y2d95 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">(23.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x73b y2d95 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">(104.5)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be1 wf0 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls9 ws1\">Operating (loss)/profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x73c y2be1 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls9 ws1\">(3.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x73d y2be1 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">(33.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x73e y2be1 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">(36.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x73f y2be1 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">39.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x740 y2be1 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">(23.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x741 y2be1 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">16.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d96 w7a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">Net finance costs<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x742 y2d96 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x743 y2d96 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x744 y2d96 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x745 y2d96 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">(1.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x746 y2d96 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x747 y2d96 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">(1.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d97 wf3 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">(Loss)/gain on business disposal<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x748 y2d97 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x749 y2d97 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls9 ws1\">(2.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x74a y2d97 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls9 ws1\">(2.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x74b y2d97 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x74c y2d97 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">166.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x74d y2d97 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">166.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d98 w36 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls9 ws1\">(Loss)/profit before tax<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x74e y2d98 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls9 ws1\">(3.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x74f y2d98 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">(35.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x750 y2d98 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">(38.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x751 y2d98 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">38.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x752 y2d98 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">143.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a1 y2d98 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">182.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d99 w14c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">Taxation<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x753 y2d99 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">0.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x754 y2d99 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">(43.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x755 y2d99 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">(43.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x756 y2d99 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">(7.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x757 y2d99 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">26.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x758 y2d99 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">18.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w14d h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls9 ws1\">(Loss)/profit after tax<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x759 y2be6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls9 ws1\">(3.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x75a y2be6 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">(79.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x75b y2be6 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">(82.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x75c y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">31.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x75d y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">169.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x47e y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">201.0<span class=\"_ _2b5\"> </span></div></td></tr></table>1<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span>To enable a like-for-like comparison of adjusted results, the 2022 comparatives have been re-presented to include the businesses classified as business exits during 2023<span class=\"ls9 ws1\">.<span class=\"_ _2b5\"> </span></span>Trading revenue and costs represent the current period trading performance of the above bus<span class=\"_ _2a\"></span>inesses up to the point of being disposed or exited, and in the comparative period those businesses di<span class=\"_ _2a\"></span>sposed of during 2022 (AMT Sybex, Secure Solutions and Services, Trustmarque, Speciality Insura<span class=\"_ _1\"></span>nce, Real estate and infrastructure consultancy, Optima Legal Services, Pay360, and Capita Tran<span class=\"_ _1\"></span>slation and Interpreting).<span class=\"_ _2b5\"> </span>Trading expenses <span class=\"ls9 ws1\">primarily comprise payroll costs of \u00a3121.0m (</span>2022<span class=\"ls9 ws1\">: </span>\u00a3307.2m), information technology costs of \u00a318.5m (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a350.0m)</span>,<span class=\"ls57 ws46\"> and the </span>de-recognition of non-current contract fulfilmen<span class=\"_ _1\"></span>t assets on the early termination of a customer contract within the business being exited in<span class=\"_ _1\"></span> Capita Public Service of <span class=\"ls57 ws46\">\u00a38.2m</span> (<span class=\"ls57 ws46\">2022</span>: \u00a3nil).<span class=\"_ _2b5\"> </span>Non-trading administrative expenses include: asset impairments of <span class=\"_ _1\"></span><span class=\"ls57 ws46\">\u00a325.4m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: \u00a3</span>nil<span class=\"ls9 ws1\">); disposal project </span></span>costs of <span class=\"ls57 ws46\">\u00a35.6m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a314.4m</span>); other costs including staff and redundancy costs of <span class=\"_ _1\"></span><span class=\"ls57 ws46\">\u00a32.6m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a38.7m<span class=\"ls9 ws1\">); </span></span>and, other income of \u00a30.6m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a3nil<span class=\"ls9 ws1\">). The asset impairments arising in </span>2023<span class=\"ls9 ws1\"> include goodwill within<span class=\"_ _1\"></span> </span>assets held for sale of <span class=\"ls57 ws46\">\u00a318.1m</span>, <span class=\"ls57 ws46\">property, plant and equipment of \u00a37.1m</span> (refer to note 3.2) <span class=\"ls57 ws46\">and right-of-use-<span class=\"_ _2b5\"> </span></span>assets of <span class=\"ls57 ws46\">\u00a30.2m</span> (refer to note<span class=\"_ gs15\"> </span>3.5).<span class=\"_ _2b5\"> </span>2.8.1 Disposals<span class=\"_ _2b5\"> </span>During 2023 the Group disposed of<span class=\"ls9 ws1\"> six businesses: Resourcing, Security Watchdog, PageOne, Software, </span>Enforcement and Travel. During <span class=\"ls57 ws46\">2022 the Group disposed of </span>eight businesses: AMT Sybex, Se<span class=\"_ _1\"></span>cure Solutions and Services, Trustmarque, Speciality Insurance, Real estate and in<span class=\"_ _1\"></span>frastructure consultancy, Optima Legal Services, Pay360 and Capita Translation and Interpre<span class=\"_ _1\"></span>ting. The (loss)/gain arising was determined as follows:<span class=\"_ _2b5\"> </span>1<span class=\"_ _2b5\"> </span>1<span class=\"_ _2b5\"> </span>Property, plant and equipment<span class=\"_ _2b5\"> </span>0.3<span class=\"_ _2b5\"> </span>0.2<span class=\"_ _2b5\"> </span>Intangible assets<span class=\"_ _2b5\"> </span>8.6<span class=\"_ _2b5\"> </span>20.4<span class=\"_ _2b5\"> </span>Goodwill<span class=\"_ _2b5\"> </span>3.2<span class=\"_ _2b5\"> </span>178.3<span class=\"_ _2b5\"> </span>Right-of-use assets<span class=\"_ _2b5\"> </span>0.2<span class=\"_ _2b5\"> </span>0.2<span class=\"_ _2b5\"> </span>Income tax recoverable and deferred tax assets<span class=\"_ _2b5\"> </span>0.8<span class=\"_ _2b5\"> </span>7.6<span class=\"_ _2b5\"> </span>Contract fulfilment assets<span class=\"_ _2b5\"> </span>\u2014<span class=\"_ _2b5\"> </span>2.8<span class=\"_ _2b5\"> </span>Trade and other receivables<span class=\"_ _2b5\"> </span>78.6<span class=\"_ _2b5\"> </span>136.6<span class=\"_ _2b5\"> </span>Cash and cash equivalents<span class=\"_ _2b5\"> </span>14.6<span class=\"_ _2b5\"> </span>55.9<span class=\"_ _2b5\"> </span>Disposal group assets held for sale<span class=\"_ _2b5\"> </span>78.2<span class=\"_ _2b5\"> </span>143.0<span class=\"_ _2b5\"> </span>Trade and other payables<span class=\"_ _2b5\"> </span>(36.6)<span class=\"_ _2b5\"> </span>(127.0)<span class=\"_ _2b5\"> </span>Deferred income<span class=\"_ _2b5\"> </span>(3.9)<span class=\"_ _2b5\"> </span>(<span class=\"_ _2a\"></span>38.6)<span class=\"_ _2b5\"> </span>Lease liabilities<span class=\"_ _2b5\"> </span>(0.2)<span class=\"_ _2b5\"> </span>(0.3)<span class=\"_ _2b5\"> </span>Capita group loan balances<span class=\"_ _2b5\"> </span>(42.7)<span class=\"_ _2b5\"> </span>(102.3)<span class=\"_ _2b5\"> </span>Income tax payable and deferred tax liabilities<span class=\"_ _2b5\"> </span>(1.1)<span class=\"_ _2b5\"> </span>(0.7)<span class=\"_ _2b5\"> </span>Provisions<span class=\"_ _2b5\"> </span>\u2014<span class=\"_ _2b5\"> </span>(0.4)<span class=\"_ _2b5\"> </span>Disposal group liabilities held for sale<span class=\"_ _2b5\"> </span>(33.5)<span class=\"_ _2b5\"> </span>(135.4)<span class=\"_ _2b5\"> </span>Net identifiable assets sold<span class=\"_ _2b5\"> </span>66.5<span class=\"_ _2b5\"> </span>140.3<span class=\"_ _2b5\"> </span>Non-controlling interests<span class=\"_ _2b5\"> </span>\u2014<span class=\"_ _2b5\"> </span>(0.3)<span class=\"_ _2b5\"> </span>66.5<span class=\"_ _2b5\"> </span>140.0<span class=\"_ _2b5\"> </span>Sales price:<span class=\"_ _2b5\"> </span>received in cash<span class=\"_ _2b5\"> </span>68.4<span class=\"_ _2b5\"> </span>330.0<span class=\"_ _2b5\"> </span>deferred receivable<span class=\"_ _2b5\"> </span>11.4<span class=\"_ _2b5\"> </span>10.5<span class=\"_ _2b5\"> </span>Less: disposal costs<span class=\"_ _2b5\"> </span>(15.5)<span class=\"_ _2b5\"> </span>(33.3)<span class=\"_ _2b5\"> </span>Net sales price<span class=\"_ _2b5\"> </span>64.3<span class=\"_ _2b5\"> </span>307.2<span class=\"_ _2b5\"> </span>Realisation of cumulative currency translation difference<span class=\"_ _2b5\"> </span>(0.2)<span class=\"_ _2b5\"> </span>(0.3)<span class=\"_ _2b5\"> </span>(Loss)/gain on disposal of businesses<span class=\"_ _2b5\"> </span>(2.4)<span class=\"_ _2b5\"> </span>166.9<span class=\"_ _2b5\"> </span><div class=\"t m0 h38 ff75 fs5 fc7 sc0 ls9 ws1 gs397\">The net cash inflow was determined as follows:<span class=\"_ _2b5\"> </span></div><div class=\"gs398\"><table class=\"s w15a h7e\" id=\"_ed5e398e-44c4-4ba4-a7f6-70ad49d84484\"><tr><td></td><td class=\"t m0 x344 h3b y2db4 ff74 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x345 h3a y2db4 ff75 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x347 h3b y2db5 ff74 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2db5 ff75 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h39 y2db6 ff74 fs5 fc7 sc0 ls57 ws46\">Net cash inflow<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x531 y2db7 w15b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls9 ws1\">Proceeds received<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x77d y2db7 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff74 fs5 fc7 sc0 ls57 ws46\">68.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x77e y2db7 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls57 ws46\">330.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x530 h38 y2db8 ff75 fs5 fc7 sc0 ls9 ws1\">Less disposal costs:<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x452 y2db9 w15c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls9 ws1\">income statement charge<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x77f y2db9 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff74 fs5 fc7 sc0 ls57 ws46\">(15.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x780 y2db9 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls57 ws46\">(33.3)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x452 y2dba w15d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls9 ws1\">change in accrued disposal costs during the year<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x781 y2dba w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff74 fs5 fc7 sc0 ls9 ws1\">(8.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x782 y2dba w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls57 ws46\">9.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x530 h38 y2dbb ff75 fs5 fc7 sc0 ls9 ws1\">Settlement of receivables due from disposed businesses:<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x452 y2ce3 w15e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls9 ws1\">disposal of businesses in the period<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x783 y2ce3 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff74 fs5 fc7 sc0 ls57 ws46\">52.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x784 y2ce3 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls57 ws46\">102.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x452 y2ce4 w15f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls9 ws1\">disposal of businesses classified as held for sale<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x785 y2ce4 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff74 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x786 y2ce4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls57 ws46\">54.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x531 y2cb2 w160 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff74 fs5 fc7 sc0 ls57 ws46\">Total proceeds received net of disposal costs paid<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x787 y2cb2 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff74 fs5 fc7 sc0 ls57 ws46\">96.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x788 y2cb2 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls57 ws46\">463.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x530 h39 y2dbc ff74 fs5 fc7 sc0 ls57 ws46\">Total cash held by businesses when sold<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x452 y2dbd w161 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls9 ws1\">Cash held by businesses when sold<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x789 y2dbd w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff74 fs5 fc7 sc0 ls57 ws46\">(33.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x78a y2dbd w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls57 ws46\">(55.9)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x452 y2ce7 w162 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls9 ws1\">Cash held by businesses classified as held for sale<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x78b y2ce7 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff74 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x78c y2ce7 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls57 ws46\">(19.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x531 y2bfb w163 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff74 fs5 fc7 sc0 ls57 ws46\">Total cash held by businesses when sold<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x78d y2bfb w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff74 fs5 fc7 sc0 ls57 ws46\">(33.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x78e y2bfb w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls57 ws46\">(75.5)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w164 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff74 fs5 fc7 sc0 ls57 ws46\">Net cash inflow<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x44e y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff74 fs5 fc7 sc0 ls57 ws46\">63.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x44f y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls57 ws46\">387.9<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h3a ff75 fs8 fc7 sc0 ls58 ws47 gs399\">1.<span class=\"_ _9\"> </span>2023 balances in respect of disposal group assets and liabilities held for sale relate to three business<span class=\"_ _2a\"></span>es (PageOne, Software and </div><div class=\"t m0 h3a ff75 fs8 fc7 sc0 ls58 ws47 gs39a\">Enforcement) that were transferred to held for sale on 30 June 2023, and were subsequently sold on 31 July 2023. 2022 balances relate to </div><div class=\"t m0 h3a ff75 fs8 fc7 sc0 ls58 ws47 gs39b\">three businesses (AMT Sybex software, Secure Solutions and Services (SSS), and Speciality Insurance) that were held for sale at 31 </div><div class=\"t m0 h3a ff75 fs8 fc7 sc0 ls58 ws47 gs39c\">December 2021, and were subsequently sold during 2022.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff75 fs5 fc7 sc0 ls9 ws1 gs39d\">Disposal costs of <span class=\"ls57 ws46\">\u00a311.0m</span>, relating to businesses disposed of in the year, were<span class=\"_ _1\"></span> recognised in prior years and </div><div class=\"t m0 h38 ff75 fs5 fc7 sc0 ls57 ws46 gs39e\">are excluded from the above <span class=\"ls9 ws1\">loss on disposal of businesses.<span class=\"_ _2b5\"> </span></span></div>2.8.2 Disposal group assets and liabilities held<span class=\"ls9 ws1\"> for sale<span class=\"_ _2b5\"> </span></span>At <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span>, the Fera business was deemed to have met the threshold to be tre<span class=\"_ _1\"></span>ated as held for sale (<span class=\"ls57 ws46\">2022</span>: no disposals were deemed to have met the held<span class=\"_ _1\"></span> for sale threshold).<span class=\"_ _2b5\"> </span><table class=\"s w165 h7f\" id=\"_e9f69496-2813-42e3-8cd2-3c8bbe5ec4f6\"><tr><td></td><td class=\"t m0 x307 h3b y2dbe ff76 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x308 h3a y2dbe ff77 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x30a h3b y2dbf ff76 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2dbf ff77 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2dc0 w54 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls57 ws46\">Property, plant and equipment<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x525 y2dc0 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls57 ws46\">5.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x78f y2dc0 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dc1 w57 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">Goodwill<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x44e y2dc1 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls57 ws46\">15.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x790 y2dc1 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d0e w5e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls57 ws46\">Trade and other receivables<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x791 y2d0e w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls57 ws46\">3.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x792 y2d0e w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dc2 w5b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">Accrued income<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x793 y2dc2 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls57 ws46\">6.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x794 y2dc2 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dc3 w166 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls57 ws46\">Prepayments<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x791 y2dc3 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls57 ws46\">1.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x792 y2dc3 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dc4 w150 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls57 ws46\">Cash and cash equivalents<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x523 y2dc4 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls57 ws46\">7.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x795 y2dc4 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bf3 w167 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">Income tax receivable and deferred tax assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x796 y2bf3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x797 y2bf3 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dc5 w168 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls57 ws46\">Disposal group assets held for sale<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x44e y2dc5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls57 ws46\">38.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x790 y2dc5 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d65 w64 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls57 ws46\">Trade and other payables<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x34a y2d65 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls57 ws46\">2.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x798 y2d65 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dc6 w169 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">Other taxes and social security<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x799 y2dc6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls57 ws46\">1.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x32c y2dc6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d66 w57 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">Accruals<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x525 y2d66 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls57 ws46\">1.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x78f y2d66 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d67 w67 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">Deferred income<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x79a y2d67 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls57 ws46\">3.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x79b y2d67 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d68 w152 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">Income tax payable and deferred tax liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x79c y2d68 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls57 ws46\">0.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x79d y2d68 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w16a h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls9 ws1\">Disposal group liabilities held for sale<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x525 y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls57 ws46\">9.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x78f y2be6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr></table>2.8.3 Business exit cash flows<span class=\"_ _2b5\"> </span>Businesses exited and being exited had a cash generated from operations outflow<span class=\"ls9 ws1\"> of </span>\u00a316.2m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: cash </span>inflow of <span class=\"ls57 ws46\">\u00a328.0m</span>).",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-476": {
   "value": "2.8 Business exits and assets held for sale<span class=\"_ _2b5\"> </span>Accounting policies<span class=\"_ _2b5\"> </span>Business exits<span class=\"_ _2b5\"> </span>Business exits are businesses that have been sold, exited during the p<span class=\"_ _1\"></span>eriod, or are in the process of being sold or exited in accordance with the Group's strategy. None of these b<span class=\"_ _1\"></span>usiness exits meets the definition of \u2018discontinued operations\u2019 as stipulated by IFRS<span class=\"_ gs15\"> </span>5 <span class=\"_ _1\"></span><span class=\"ff73\">Non-current Assets Held for Sale and Discontinued </span>Operations<span class=\"ff72 ls9 ws1\">, which requires comparative financial information to be restated where the relative<span class=\"_ _1\"></span> size of a </span>disposal or business closure is significant, which is normally understood to mea<span class=\"_ _1\"></span>n a reported segment.<span class=\"_ _2b5\"> </span>However, the trading result of these businesses, non-trading expense<span class=\"_ _1\"></span>s, and any gain/loss on disposal, have been excluded from adjusted results. To enable a like-for-like compariso<span class=\"_ _1\"></span>n of adjusted results, the <span class=\"ls57 ws46\">2022</span> comparatives have been re-presented to exclude the businesse<span class=\"_ _1\"></span>s classified as business exits during <span class=\"ls57 ws46\">2023</span>.<span class=\"_ _2b5\"> </span>Assets held for sale<span class=\"_ _2b5\"> </span>The Group classifies a non-current asset (or disposal group) as held fo<span class=\"_ _1\"></span>r sale if its carrying amount will be recovered principally through a sale transaction rather than contin<span class=\"_ _1\"></span>ued use. For this to be the case, the asset (or disposal group) must be available for immediate sale in its present con<span class=\"_ _1\"></span>dition subject only to terms that are usual and customary for sales of such assets (or disposal groups) and<span class=\"_ _1\"></span> its sale must be highly probable. For the sale to be highly probable, the appropriate level of ma<span class=\"_ _1\"></span>nagement must be committed to a plan to sell the asset (or disposal group), and an active programme to locate a bu<span class=\"_ _1\"></span>yer and complete the plan must have been initiated. Further, the asset (or disposal group) must be actively ma<span class=\"_ _1\"></span>rketed for sale at a price that is reasonable in relation to its current fair value, and, the sale should b<span class=\"_ _1\"></span>e expected to be completed within one year from the date of classification.<span class=\"_ _2b5\"> </span>Based on the above requirements, individual businesses will only reach<span class=\"_ _1\"></span> the criteria to be treated as held for sale when their disposal is seen to be highly probable, and expe<span class=\"_ _1\"></span>cted to complete within the following twelve months. At <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span> one business (the Group\u2019s 75% shareholding in Fera Scie<span class=\"_ _1\"></span>nce Limited (Fera)) was deemed to have met this threshold. At <span class=\"_ _1\"></span><span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2022<span class=\"ls9 ws1\"> </span>no disposals wer<span class=\"_ _2a\"></span>e deemed to have </span>met this threshold.<span class=\"_ _2b5\"> </span>2023 business exits<span class=\"_ _2b5\"> </span>Business exits at <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span> primarily comprised the following business disp<span class=\"_ _1\"></span>osals:<span class=\"_ _2b5\"> </span><table class=\"s w13a h7b\" id=\"_4f68880d-ba3b-4a2b-b91e-e28e5ef87569\"><tr><td class=\"c n x2be y2d8d w13b h69\"><div class=\"t m0 x2bd h3b y2d37 ff71 fs8 fc7 sc0 ls58 ws47\">Business<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x710 y2d8d w13c h69\"><div class=\"t m0 x2bd h3b y2d37 ff71 fs8 fc7 sc0 ls58 ws47\">Disposal completed on<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c4a w13d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">Resourcing<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x711 y2c4a w13e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">31 May 2023<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d6f w13f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">Security Watchdog<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x712 y2d6f w140 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">31 M<span class=\"_ _2a\"></span>ay 2023<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d8e w141 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">PageOne<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x713 y2d8e w142 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">31 July 2023<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be3 w143 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">Software<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x714 y2be3 w142 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">31 July 2023<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be4 w144 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">Enforcement<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x713 y2be4 w142 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">31 July 2023<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be5 w145 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">Travel<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x715 y2be5 w146 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">14 November 2023<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w147 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">Fera<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x716 y2be6 w148 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">17 January 2024<span class=\"_ _2b5\"> </span></div></td></tr></table>In addition to the above disposals, the Group decided to exit a bu<span class=\"_ _1\"></span>siness in Capita Public Service in the second half of the year, and the trading result and non-trading expenses of this busines<span class=\"_ _2a\"></span>s have been excluded from adjusted results.<span class=\"_ _2b5\"> </span><table class=\"s w149 h7c\" id=\"_5ca618e4-1c47-4f58-b376-67917bb25dc4\"><tr><td></td><td></td><td class=\"c n x717 y2d8f wc7 h69\"><div class=\"t m0 x2bd h3a y2c9f ff71 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x718 y2d8f w14a h67\"><div class=\"t m0 x2bd h3a y2c9f ff72 fs8 fc7 sc0 ls58 ws47\">2022 <span class=\"_ _1\"></span>(Re-presented)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x719 h3b y2d90 ff71 fs8 fc7 sc0 ls58 ws47\">Trading<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x71a h3b y2d90 ff71 fs8 fc7 sc0 ls58 ws47\">Non-trading<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x71b h3b y2d90 ff71 fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x71c h3a y2d90 ff72 fs8 fc7 sc0 ls58 ws47\">Trading<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x71d h3a y2d90 ff72 fs8 fc7 sc0 ls58 ws47\">Non-trading<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x71e h3a y2d90 ff72 fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h3b y2d91 ff71 fs8 fc7 sc0 ls58 ws47\">Income statement impact<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x71f h3b y2d91 ff71 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x720 h3b y2d91 ff71 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x721 h3b y2d91 ff71 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x722 h3a y2d91 ff72 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x492 h3a y2d91 ff72 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x723 h3a y2d91 ff72 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2d92 w25 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">Revenue<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x724 y2d92 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">172.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x725 y2d92 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x726 y2d92 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">172.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x727 y2d92 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">405.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x728 y2d92 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x729 y2d92 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">405.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d93 w28 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">Cost of sales<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x72a y2d93 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">(110.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x72b y2d93 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x72c y2d93 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">(110.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x72d y2d93 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">(284.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x72e y2d93 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x72f y2d93 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">(284.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d94 w14b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">Gross profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x730 y2d94 we9 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">61.<span class=\"_ _2a\"></span>8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x731 y2d94 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x732 y2d94 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">61.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x733 y2d94 w56 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">121.<span class=\"_ _2a\"></span>0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x734 y2d94 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x735 y2d94 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">121.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d95 w2c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">Administrative expenses<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x736 y2d95 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">(65.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x737 y2d95 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">(33.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x738 y2d95 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">(98.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x739 y2d95 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">(81.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x73a y2d95 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">(23.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x73b y2d95 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">(104.5)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be1 wf0 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls9 ws1\">Operating (loss)/profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x73c y2be1 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls9 ws1\">(3.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x73d y2be1 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">(33.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x73e y2be1 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">(36.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x73f y2be1 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">39.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x740 y2be1 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">(23.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x741 y2be1 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">16.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d96 w7a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">Net finance costs<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x742 y2d96 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x743 y2d96 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x744 y2d96 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x745 y2d96 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">(1.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x746 y2d96 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x747 y2d96 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">(1.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d97 wf3 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">(Loss)/gain on business disposal<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x748 y2d97 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x749 y2d97 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls9 ws1\">(2.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x74a y2d97 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls9 ws1\">(2.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x74b y2d97 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x74c y2d97 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">166.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x74d y2d97 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">166.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d98 w36 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls9 ws1\">(Loss)/profit before tax<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x74e y2d98 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls9 ws1\">(3.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x74f y2d98 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">(35.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x750 y2d98 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">(38.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x751 y2d98 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">38.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x752 y2d98 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">143.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4a1 y2d98 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">182.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d99 w14c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">Taxation<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x753 y2d99 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">0.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x754 y2d99 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">(43.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x755 y2d99 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">(43.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x756 y2d99 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls9 ws1\">(7.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x757 y2d99 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">26.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x758 y2d99 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">18.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w14d h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls9 ws1\">(Loss)/profit after tax<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x759 y2be6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls9 ws1\">(3.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x75a y2be6 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">(79.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x75b y2be6 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff71 fs5 fc7 sc0 ls57 ws46\">(82.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x75c y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">31.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x75d y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">169.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x47e y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff72 fs5 fc7 sc0 ls57 ws46\">201.0<span class=\"_ _2b5\"> </span></div></td></tr></table>1<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span>To enable a like-for-like comparison of adjusted results, the 2022 comparatives have been re-presented to include the businesses classified as business exits during 2023<span class=\"ls9 ws1\">.<span class=\"_ _2b5\"> </span></span>Trading revenue and costs represent the current period trading performance of the above bus<span class=\"_ _2a\"></span>inesses up to the point of being disposed or exited, and in the comparative period those businesses di<span class=\"_ _2a\"></span>sposed of during 2022 (AMT Sybex, Secure Solutions and Services, Trustmarque, Speciality Insura<span class=\"_ _1\"></span>nce, Real estate and infrastructure consultancy, Optima Legal Services, Pay360, and Capita Tran<span class=\"_ _1\"></span>slation and Interpreting).<span class=\"_ _2b5\"> </span>Trading expenses <span class=\"ls9 ws1\">primarily comprise payroll costs of \u00a3121.0m (</span>2022<span class=\"ls9 ws1\">: </span>\u00a3307.2m), information technology costs of \u00a318.5m (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a350.0m)</span>,<span class=\"ls57 ws46\"> and the </span>de-recognition of non-current contract fulfilmen<span class=\"_ _1\"></span>t assets on the early termination of a customer contract within the business being exited in<span class=\"_ _1\"></span> Capita Public Service of <span class=\"ls57 ws46\">\u00a38.2m</span> (<span class=\"ls57 ws46\">2022</span>: \u00a3nil).<span class=\"_ _2b5\"> </span>Non-trading administrative expenses include: asset impairments of <span class=\"_ _1\"></span><span class=\"ls57 ws46\">\u00a325.4m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: \u00a3</span>nil<span class=\"ls9 ws1\">); disposal project </span></span>costs of <span class=\"ls57 ws46\">\u00a35.6m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a314.4m</span>); other costs including staff and redundancy costs of <span class=\"_ _1\"></span><span class=\"ls57 ws46\">\u00a32.6m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a38.7m<span class=\"ls9 ws1\">); </span></span>and, other income of \u00a30.6m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a3nil<span class=\"ls9 ws1\">). The asset impairments arising in </span>2023<span class=\"ls9 ws1\"> include goodwill within<span class=\"_ _1\"></span> </span>assets held for sale of <span class=\"ls57 ws46\">\u00a318.1m</span>, <span class=\"ls57 ws46\">property, plant and equipment of \u00a37.1m</span> (refer to note 3.2) <span class=\"ls57 ws46\">and right-of-use-<span class=\"_ _2b5\"> </span></span>assets of <span class=\"ls57 ws46\">\u00a30.2m</span> (refer to note<span class=\"_ gs15\"> </span>3.5).<span class=\"_ _2b5\"> </span>2.8.1 Disposals<span class=\"_ _2b5\"> </span>During 2023 the Group disposed of<span class=\"ls9 ws1\"> six businesses: Resourcing, Security Watchdog, PageOne, Software, </span>Enforcement and Travel. During <span class=\"ls57 ws46\">2022 the Group disposed of </span>eight businesses: AMT Sybex, Se<span class=\"_ _1\"></span>cure Solutions and Services, Trustmarque, Speciality Insurance, Real estate and in<span class=\"_ _1\"></span>frastructure consultancy, Optima Legal Services, Pay360 and Capita Translation and Interpre<span class=\"_ _1\"></span>ting. The (loss)/gain arising was determined as follows:<span class=\"_ _2b5\"> </span>1<span class=\"_ _2b5\"> </span>1<span class=\"_ _2b5\"> </span>Property, plant and equipment<span class=\"_ _2b5\"> </span>0.3<span class=\"_ _2b5\"> </span>0.2<span class=\"_ _2b5\"> </span>Intangible assets<span class=\"_ _2b5\"> </span>8.6<span class=\"_ _2b5\"> </span>20.4<span class=\"_ _2b5\"> </span>Goodwill<span class=\"_ _2b5\"> </span>3.2<span class=\"_ _2b5\"> </span>178.3<span class=\"_ _2b5\"> </span>Right-of-use assets<span class=\"_ _2b5\"> </span>0.2<span class=\"_ _2b5\"> </span>0.2<span class=\"_ _2b5\"> </span>Income tax recoverable and deferred tax assets<span class=\"_ _2b5\"> </span>0.8<span class=\"_ _2b5\"> </span>7.6<span class=\"_ _2b5\"> </span>Contract fulfilment assets<span class=\"_ _2b5\"> </span>\u2014<span class=\"_ _2b5\"> </span>2.8<span class=\"_ _2b5\"> </span>Trade and other receivables<span class=\"_ _2b5\"> </span>78.6<span class=\"_ _2b5\"> </span>136.6<span class=\"_ _2b5\"> </span>Cash and cash equivalents<span class=\"_ _2b5\"> </span>14.6<span class=\"_ _2b5\"> </span>55.9<span class=\"_ _2b5\"> </span>Disposal group assets held for sale<span class=\"_ _2b5\"> </span>78.2<span class=\"_ _2b5\"> </span>143.0<span class=\"_ _2b5\"> </span>Trade and other payables<span class=\"_ _2b5\"> </span>(36.6)<span class=\"_ _2b5\"> </span>(127.0)<span class=\"_ _2b5\"> </span>Deferred income<span class=\"_ _2b5\"> </span>(3.9)<span class=\"_ _2b5\"> </span>(<span class=\"_ _2a\"></span>38.6)<span class=\"_ _2b5\"> </span>Lease liabilities<span class=\"_ _2b5\"> </span>(0.2)<span class=\"_ _2b5\"> </span>(0.3)<span class=\"_ _2b5\"> </span>Capita group loan balances<span class=\"_ _2b5\"> </span>(42.7)<span class=\"_ _2b5\"> </span>(102.3)<span class=\"_ _2b5\"> </span>Income tax payable and deferred tax liabilities<span class=\"_ _2b5\"> </span>(1.1)<span class=\"_ _2b5\"> </span>(0.7)<span class=\"_ _2b5\"> </span>Provisions<span class=\"_ _2b5\"> </span>\u2014<span class=\"_ _2b5\"> </span>(0.4)<span class=\"_ _2b5\"> </span>Disposal group liabilities held for sale<span class=\"_ _2b5\"> </span>(33.5)<span class=\"_ _2b5\"> </span>(135.4)<span class=\"_ _2b5\"> </span>Net identifiable assets sold<span class=\"_ _2b5\"> </span>66.5<span class=\"_ _2b5\"> </span>140.3<span class=\"_ _2b5\"> </span>Non-controlling interests<span class=\"_ _2b5\"> </span>\u2014<span class=\"_ _2b5\"> </span>(0.3)<span class=\"_ _2b5\"> </span>66.5<span class=\"_ _2b5\"> </span>140.0<span class=\"_ _2b5\"> </span>Sales price:<span class=\"_ _2b5\"> </span>received in cash<span class=\"_ _2b5\"> </span>68.4<span class=\"_ _2b5\"> </span>330.0<span class=\"_ _2b5\"> </span>deferred receivable<span class=\"_ _2b5\"> </span>11.4<span class=\"_ _2b5\"> </span>10.5<span class=\"_ _2b5\"> </span>Less: disposal costs<span class=\"_ _2b5\"> </span>(15.5)<span class=\"_ _2b5\"> </span>(33.3)<span class=\"_ _2b5\"> </span>Net sales price<span class=\"_ _2b5\"> </span>64.3<span class=\"_ _2b5\"> </span>307.2<span class=\"_ _2b5\"> </span>Realisation of cumulative currency translation difference<span class=\"_ _2b5\"> </span>(0.2)<span class=\"_ _2b5\"> </span>(0.3)<span class=\"_ _2b5\"> </span>(Loss)/gain on disposal of businesses<span class=\"_ _2b5\"> </span>(2.4)<span class=\"_ _2b5\"> </span>166.9<span class=\"_ _2b5\"> </span>The net cash inflow was determined as follows:<span class=\"_ _2b5\"> </span><table class=\"s w15a h7e\" id=\"_ed5e398e-44c4-4ba4-a7f6-70ad49d84484\"><tr><td></td><td class=\"t m0 x344 h3b y2db4 ff74 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x345 h3a y2db4 ff75 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x347 h3b y2db5 ff74 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2db5 ff75 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h39 y2db6 ff74 fs5 fc7 sc0 ls57 ws46\">Net cash inflow<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x531 y2db7 w15b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls9 ws1\">Proceeds received<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x77d y2db7 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff74 fs5 fc7 sc0 ls57 ws46\">68.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x77e y2db7 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls57 ws46\">330.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x530 h38 y2db8 ff75 fs5 fc7 sc0 ls9 ws1\">Less disposal costs:<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x452 y2db9 w15c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls9 ws1\">income statement charge<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x77f y2db9 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff74 fs5 fc7 sc0 ls57 ws46\">(15.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x780 y2db9 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls57 ws46\">(33.3)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x452 y2dba w15d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls9 ws1\">change in accrued disposal costs during the year<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x781 y2dba w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff74 fs5 fc7 sc0 ls9 ws1\">(8.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x782 y2dba w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls57 ws46\">9.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x530 h38 y2dbb ff75 fs5 fc7 sc0 ls9 ws1\">Settlement of receivables due from disposed businesses:<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x452 y2ce3 w15e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls9 ws1\">disposal of businesses in the period<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x783 y2ce3 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff74 fs5 fc7 sc0 ls57 ws46\">52.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x784 y2ce3 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls57 ws46\">102.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x452 y2ce4 w15f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls9 ws1\">disposal of businesses classified as held for sale<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x785 y2ce4 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff74 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x786 y2ce4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls57 ws46\">54.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x531 y2cb2 w160 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff74 fs5 fc7 sc0 ls57 ws46\">Total proceeds received net of disposal costs paid<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x787 y2cb2 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff74 fs5 fc7 sc0 ls57 ws46\">96.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x788 y2cb2 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls57 ws46\">463.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x530 h39 y2dbc ff74 fs5 fc7 sc0 ls57 ws46\">Total cash held by businesses when sold<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x452 y2dbd w161 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls9 ws1\">Cash held by businesses when sold<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x789 y2dbd w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff74 fs5 fc7 sc0 ls57 ws46\">(33.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x78a y2dbd w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls57 ws46\">(55.9)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x452 y2ce7 w162 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls9 ws1\">Cash held by businesses classified as held for sale<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x78b y2ce7 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff74 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x78c y2ce7 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls57 ws46\">(19.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x531 y2bfb w163 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff74 fs5 fc7 sc0 ls57 ws46\">Total cash held by businesses when sold<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x78d y2bfb w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff74 fs5 fc7 sc0 ls57 ws46\">(33.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x78e y2bfb w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls57 ws46\">(75.5)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w164 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff74 fs5 fc7 sc0 ls57 ws46\">Net cash inflow<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x44e y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff74 fs5 fc7 sc0 ls57 ws46\">63.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x44f y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff75 fs5 fc7 sc0 ls57 ws46\">387.9<span class=\"_ _2b5\"> </span></div></td></tr></table>1.<span class=\"_ _9\"> </span>2023 balances in respect of disposal group assets and liabilities held for sale relate to three business<span class=\"_ _2a\"></span>es (PageOne, Software and Enforcement) that were transferred to held for sale on 30 June 2023, and were subsequently sold on 31 July 2023. 2022 balances relate to three businesses (AMT Sybex software, Secure Solutions and Services (SSS), and Speciality Insurance) that were held for sale at 31 December 2021, and were subsequently sold during 2022.<span class=\"_ _2b5\"> </span>Disposal costs of <span class=\"ls57 ws46\">\u00a311.0m</span>, relating to businesses disposed of in the year, were<span class=\"_ _1\"></span> recognised in prior years and are excluded from the above <span class=\"ls9 ws1\">loss on disposal of businesses.<span class=\"_ _2b5\"> </span></span><div class=\"t m0 h39 ff76 fs5 fc6 sc0 ls57 ws46 gs3a0\">2.8.2 Disposal group assets and liabilities held<span class=\"ls9 ws1\"> for sale<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ff77 fs5 fc7 sc0 ls9 ws1 gs3a1\">At <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span>, the Fera business was deemed to have met the threshold to be tre<span class=\"_ _1\"></span>ated as held for </div><div class=\"t m0 h38 ff77 fs5 fc7 sc0 ls9 ws1 gs3a2\">sale (<span class=\"ls57 ws46\">2022</span>: no disposals were deemed to have met the held<span class=\"_ _1\"></span> for sale threshold).<span class=\"_ _2b5\"> </span></div><div class=\"gs3a3\"><table class=\"s w165 h7f\" id=\"_e9f69496-2813-42e3-8cd2-3c8bbe5ec4f6\"><tr><td></td><td class=\"t m0 x307 h3b y2dbe ff76 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x308 h3a y2dbe ff77 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x30a h3b y2dbf ff76 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2dbf ff77 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2dc0 w54 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls57 ws46\">Property, plant and equipment<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x525 y2dc0 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls57 ws46\">5.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x78f y2dc0 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dc1 w57 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">Goodwill<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x44e y2dc1 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls57 ws46\">15.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x790 y2dc1 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d0e w5e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls57 ws46\">Trade and other receivables<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x791 y2d0e w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls57 ws46\">3.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x792 y2d0e w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dc2 w5b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">Accrued income<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x793 y2dc2 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls57 ws46\">6.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x794 y2dc2 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dc3 w166 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls57 ws46\">Prepayments<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x791 y2dc3 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls57 ws46\">1.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x792 y2dc3 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dc4 w150 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls57 ws46\">Cash and cash equivalents<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x523 y2dc4 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls57 ws46\">7.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x795 y2dc4 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bf3 w167 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">Income tax receivable and deferred tax assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x796 y2bf3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x797 y2bf3 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dc5 w168 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls57 ws46\">Disposal group assets held for sale<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x44e y2dc5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls57 ws46\">38.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x790 y2dc5 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d65 w64 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls57 ws46\">Trade and other payables<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x34a y2d65 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls57 ws46\">2.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x798 y2d65 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dc6 w169 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">Other taxes and social security<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x799 y2dc6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls57 ws46\">1.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x32c y2dc6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d66 w57 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">Accruals<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x525 y2d66 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls57 ws46\">1.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x78f y2d66 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d67 w67 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">Deferred income<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x79a y2d67 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls57 ws46\">3.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x79b y2d67 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d68 w152 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">Income tax payable and deferred tax liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x79c y2d68 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls57 ws46\">0.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x79d y2d68 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w16a h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls9 ws1\">Disposal group liabilities held for sale<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x525 y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff76 fs5 fc7 sc0 ls57 ws46\">9.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x78f y2be6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff77 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h39 ff76 fs5 fc6 sc0 ls57 ws46 gs3a5\">2.8.3 Business exit cash flows<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff77 fs5 fc7 sc0 ls57 ws46 gs3a6\">Businesses exited and being exited had a cash generated from operations outflow<span class=\"ls9 ws1\"> of </span>\u00a316.2m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: cash </span></div><div class=\"t m0 h38 ff77 fs5 fc7 sc0 ls9 ws1 gs3a7\">inflow of <span class=\"ls57 ws46\">\u00a328.0m</span>).</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncurrentAssetsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-460": {
   "value": "Accounting policies<span class=\"_ _2b5\"> </span>Business exits<span class=\"_ _2b5\"> </span>Business exits are businesses that have been sold, exited during the p<span class=\"_ _1\"></span>eriod, or are in the process of being sold or exited in accordance with the Group's strategy. None of these b<span class=\"_ _1\"></span>usiness exits meets the definition of \u2018discontinued operations\u2019 as stipulated by IFRS<span class=\"_ gs15\"> </span>5 <span class=\"_ _1\"></span><span class=\"ff73\">Non-current Assets Held for Sale and Discontinued </span>Operations<span class=\"ff72 ls9 ws1\">, which requires comparative financial information to be restated where the relative<span class=\"_ _1\"></span> size of a </span>disposal or business closure is significant, which is normally understood to mea<span class=\"_ _1\"></span>n a reported segment.<span class=\"_ _2b5\"> </span>However, the trading result of these businesses, non-trading expense<span class=\"_ _1\"></span>s, and any gain/loss on disposal, have been excluded from adjusted results. To enable a like-for-like compariso<span class=\"_ _1\"></span>n of adjusted results, the <span class=\"ls57 ws46\">2022</span> comparatives have been re-presented to exclude the businesse<span class=\"_ _1\"></span>s classified as business exits during <span class=\"ls57 ws46\">2023</span>.<span class=\"_ _2b5\"> </span>Assets held for sale<span class=\"_ _2b5\"> </span>The Group classifies a non-current asset (or disposal group) as held fo<span class=\"_ _1\"></span>r sale if its carrying amount will be recovered principally through a sale transaction rather than contin<span class=\"_ _1\"></span>ued use. For this to be the case, the asset (or disposal group) must be available for immediate sale in its present con<span class=\"_ _1\"></span>dition subject only to terms that are usual and customary for sales of such assets (or disposal groups) and<span class=\"_ _1\"></span> its sale must be highly probable. For the sale to be highly probable, the appropriate level of ma<span class=\"_ _1\"></span>nagement must be committed to a plan to sell the asset (or disposal group), and an active programme to locate a bu<span class=\"_ _1\"></span>yer and complete the plan must have been initiated. Further, the asset (or disposal group) must be actively ma<span class=\"_ _1\"></span>rketed for sale at a price that is reasonable in relation to its current fair value, and, the sale should b<span class=\"_ _1\"></span>e expected to be completed within one year from the date of classification.<span class=\"_ _2b5\"> </span>Based on the above requirements, individual businesses will only reach<span class=\"_ _1\"></span> the criteria to be treated as held for sale when their disposal is seen to be highly probable, and expe<span class=\"_ _1\"></span>cted to complete within the following twelve months. At <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span> one business (the Group\u2019s 75% shareholding in Fera Scie<span class=\"_ _1\"></span>nce Limited (Fera)) was deemed to have met this threshold. At <span class=\"_ _1\"></span><span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2022<span class=\"ls9 ws1\"> </span>no disposals wer<span class=\"_ _2a\"></span>e deemed to have </span>met this threshold.<span class=\"_ _2b5\"> </span>Trading revenue and costs represent the current period trading performance of the above bus<span class=\"_ _2a\"></span>inesses up to the point of being disposed or exited, and in the comparative period those businesses di<span class=\"_ _2a\"></span>sposed of during 2022 (AMT Sybex, Secure Solutions and Services, Trustmarque, Speciality Insura<span class=\"_ _1\"></span>nce, Real estate and infrastructure consultancy, Optima Legal Services, Pay360, and Capita Tran<span class=\"_ _1\"></span>slation and Interpreting).<span class=\"_ _2b5\"> </span>Trading expenses <span class=\"ls9 ws1\">primarily comprise payroll costs of \u00a3121.0m (</span>2022<span class=\"ls9 ws1\">: </span>\u00a3307.2m), information technology costs of \u00a318.5m (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a350.0m)</span>,<span class=\"ls57 ws46\"> and the </span>de-recognition of non-current contract fulfilmen<span class=\"_ _1\"></span>t assets on the early termination of a customer contract within the business being exited in<span class=\"_ _1\"></span> Capita Public Service of <span class=\"ls57 ws46\">\u00a38.2m</span> (<span class=\"ls57 ws46\">2022</span>: \u00a3nil).<span class=\"_ _2b5\"> </span>Non-trading administrative expenses include: asset impairments of <span class=\"_ _1\"></span><span class=\"ls57 ws46\">\u00a325.4m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: \u00a3</span>nil<span class=\"ls9 ws1\">); disposal project </span></span>costs of <span class=\"ls57 ws46\">\u00a35.6m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a314.4m</span>); other costs including staff and redundancy costs of <span class=\"_ _1\"></span><span class=\"ls57 ws46\">\u00a32.6m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a38.7m<span class=\"ls9 ws1\">); </span></span>and, other income of \u00a30.6m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a3nil<span class=\"ls9 ws1\">). The asset impairments arising in </span>2023<span class=\"ls9 ws1\"> include goodwill within<span class=\"_ _1\"></span> </span>assets held for sale of <span class=\"ls57 ws46\">\u00a318.1m</span>, <span class=\"ls57 ws46\">property, plant and equipment of \u00a37.1m</span> (refer to note 3.2) <span class=\"ls57 ws46\">and right-of-use-<span class=\"_ _2b5\"> </span></span>assets of <span class=\"ls57 ws46\">\u00a30.2m</span> (refer to note<span class=\"_ gs15\"> </span>3.5).<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-448": {
   "value": "Accounting policies<span class=\"_ _2b5\"> </span>Business exits<span class=\"_ _2b5\"> </span>Business exits are businesses that have been sold, exited during the p<span class=\"_ _1\"></span>eriod, or are in the process of being sold or exited in accordance with the Group's strategy. None of these b<span class=\"_ _1\"></span>usiness exits meets the definition of \u2018discontinued operations\u2019 as stipulated by IFRS<span class=\"_ gs15\"> </span>5 <span class=\"_ _1\"></span><span class=\"ff73\">Non-current Assets Held for Sale and Discontinued </span>Operations<span class=\"ff72 ls9 ws1\">, which requires comparative financial information to be restated where the relative<span class=\"_ _1\"></span> size of a </span>disposal or business closure is significant, which is normally understood to mea<span class=\"_ _1\"></span>n a reported segment.<span class=\"_ _2b5\"> </span>However, the trading result of these businesses, non-trading expense<span class=\"_ _1\"></span>s, and any gain/loss on disposal, have been excluded from adjusted results. To enable a like-for-like compariso<span class=\"_ _1\"></span>n of adjusted results, the <span class=\"ls57 ws46\">2022</span> comparatives have been re-presented to exclude the businesse<span class=\"_ _1\"></span>s classified as business exits during <span class=\"ls57 ws46\">2023</span>.<span class=\"_ _2b5\"> </span>Assets held for sale<span class=\"_ _2b5\"> </span>The Group classifies a non-current asset (or disposal group) as held fo<span class=\"_ _1\"></span>r sale if its carrying amount will be recovered principally through a sale transaction rather than contin<span class=\"_ _1\"></span>ued use. For this to be the case, the asset (or disposal group) must be available for immediate sale in its present con<span class=\"_ _1\"></span>dition subject only to terms that are usual and customary for sales of such assets (or disposal groups) and<span class=\"_ _1\"></span> its sale must be highly probable. For the sale to be highly probable, the appropriate level of ma<span class=\"_ _1\"></span>nagement must be committed to a plan to sell the asset (or disposal group), and an active programme to locate a bu<span class=\"_ _1\"></span>yer and complete the plan must have been initiated. Further, the asset (or disposal group) must be actively ma<span class=\"_ _1\"></span>rketed for sale at a price that is reasonable in relation to its current fair value, and, the sale should b<span class=\"_ _1\"></span>e expected to be completed within one year from the date of classification.<span class=\"_ _2b5\"> </span>Based on the above requirements, individual businesses will only reach<span class=\"_ _1\"></span> the criteria to be treated as held for sale when their disposal is seen to be highly probable, and expe<span class=\"_ _1\"></span>cted to complete within the following twelve months. At <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span> one business (the Group\u2019s 75% shareholding in Fera Scie<span class=\"_ _1\"></span>nce Limited (Fera)) was deemed to have met this threshold. At <span class=\"_ _1\"></span><span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2022<span class=\"ls9 ws1\"> </span>no disposals wer<span class=\"_ _2a\"></span>e deemed to have </span>met this threshold.<span class=\"_ _2b5\"> </span>Trading revenue and costs represent the current period trading performance of the above bus<span class=\"_ _2a\"></span>inesses up to the point of being disposed or exited, and in the comparative period those businesses di<span class=\"_ _2a\"></span>sposed of during 2022 (AMT Sybex, Secure Solutions and Services, Trustmarque, Speciality Insura<span class=\"_ _1\"></span>nce, Real estate and infrastructure consultancy, Optima Legal Services, Pay360, and Capita Tran<span class=\"_ _1\"></span>slation and Interpreting).<span class=\"_ _2b5\"> </span>Trading expenses <span class=\"ls9 ws1\">primarily comprise payroll costs of \u00a3121.0m (</span>2022<span class=\"ls9 ws1\">: </span>\u00a3307.2m), information technology costs of \u00a318.5m (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a350.0m)</span>,<span class=\"ls57 ws46\"> and the </span>de-recognition of non-current contract fulfilmen<span class=\"_ _1\"></span>t assets on the early termination of a customer contract within the business being exited in<span class=\"_ _1\"></span> Capita Public Service of <span class=\"ls57 ws46\">\u00a38.2m</span> (<span class=\"ls57 ws46\">2022</span>: \u00a3nil).<span class=\"_ _2b5\"> </span>Non-trading administrative expenses include: asset impairments of <span class=\"_ _1\"></span><span class=\"ls57 ws46\">\u00a325.4m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: \u00a3</span>nil<span class=\"ls9 ws1\">); disposal project </span></span>costs of <span class=\"ls57 ws46\">\u00a35.6m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a314.4m</span>); other costs including staff and redundancy costs of <span class=\"_ _1\"></span><span class=\"ls57 ws46\">\u00a32.6m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a38.7m<span class=\"ls9 ws1\">); </span></span>and, other income of \u00a30.6m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a3nil<span class=\"ls9 ws1\">). The asset impairments arising in </span>2023<span class=\"ls9 ws1\"> include goodwill within<span class=\"_ _1\"></span> </span>assets held for sale of <span class=\"ls57 ws46\">\u00a318.1m</span>, <span class=\"ls57 ws46\">property, plant and equipment of \u00a37.1m</span> (refer to note 3.2) <span class=\"ls57 ws46\">and right-of-use-<span class=\"_ _2b5\"> </span></span>assets of <span class=\"ls57 ws46\">\u00a30.2m</span> (refer to note<span class=\"_ gs15\"> </span>3.5).<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForNoncurrentAssetsOrDisposalGroupsClassifiedAsHeldForSaleAndDiscontinuedOperationsExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-502": {
   "value": "2.9 Cash flow information<span class=\"_ _2b5\"> </span>Accounting policies<span class=\"_ _2b5\"> </span>Cash and short-term deposits in the balance sheet comprise cash at ba<span class=\"_ _1\"></span>nk and in-hand and short-term deposits with an original maturity of three months or less. In the consolidated cash flow statement, cash<span class=\"_ _1\"></span> and cash equivalents consist of cash and short-term deposits net of outstanding<span class=\"_ _1\"></span> bank overdrafts and include cash and overdrafts within disposal group assets and liabilities held for sale. Cash at bank earns in<span class=\"_ _1\"></span>terest at fixed and floating rates based on prevailing bank deposit rates.<span class=\"_ _2b5\"> </span>2.9.1 Additional cash flow <span class=\"ls9 ws1\">information<span class=\"_ _2b5\"> </span></span><table class=\"s w16b h80\" id=\"_d48a5c5e-afb2-4467-a930-20cf3aa3095c\"><tr><td></td><td></td><td></td><td class=\"c n x79e y2dc7 wc7 h69\"><div class=\"t m0 x2bd h3a y2c9f ff78 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x79f y2dc7 wc7 h67\"><div class=\"t m0 x2bd h3a y2c9f ff79 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x61a h3b y2dc8 ff78 fs8 fc7 sc0 ls58 ws47\">Excluding </td><td></td><td class=\"t m0 x7a0 h3a y2dc8 ff79 fs8 fc7 sc0 ls9 ws1\">Excluding </td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x7a1 h3b y2dc9 ff78 fs8 fc7 sc0 ls58 ws47\">business </td><td></td><td class=\"t m0 x7a2 h3a y2dc9 ff79 fs8 fc7 sc0 ls58 ws47\">business </td></tr><tr><td></td><td></td><td class=\"c x7a3 y2dca w16c h69\"><div class=\"t m0 x2bd h3b y2d37 ff78 fs8 fc7 sc0 ls58 ws47\">Reported<span class=\"_ _2b5\"> </span></div></td><td class=\"c x7a5 y2dcc w16d h81\"><div class=\"t m0 x2bd h3b y2d37 ff78 fs8 fc7 sc0 ls58 ws47\">exits<span class=\"_ _2b5\"> </span></div><div class=\"t m0 x7a4 h4a y2dcb ff78 fs1e fc7 sc0 ls5c ws4b\">1,2<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 x6e2 h3a y2dcd ff79 fs8 fc7 sc0 ls58 ws47\">Reported </td><td class=\"t m0 x37b h3a y2dcd ff79 fs8 fc7 sc0 ls58 ws47\">exits<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x7a6 h3a y2dce ff79 fs8 fc7 sc0 ls58 ws47\">Notes<span class=\"_ _2b5\"> </span></td><td class=\"c x7a7 y2dcf w12e h69\"><div class=\"t m0 x2bd h3b y2d37 ff78 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 x7a8 h3b y2dce ff78 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x47c h3a y2dce ff79 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2dce ff79 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y2dd0 ff78 fs5 fc7 sc0 ls9 ws1\">Cash flows from operating activities:<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2dd1 w16e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">Reported operating loss<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7a9 y2dd1 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7aa y2dd1 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(52.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7ab y2dd1 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(52.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7ac y2dd1 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(79.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7ad y2dd1 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(79.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dd2 w7c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">Less: business exit operating loss/(profit)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7ae y2dd2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">2.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7af y2dd2 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7b0 y2dd2 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">36.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7b1 y2dd2 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7b2 y2dd2 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(16.5)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dd3 w16f h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">Total operating loss<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x7b3 y2dd3 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(52.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7b4 y2dd3 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(15.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7b5 y2dd3 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(79.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7b6 y2dd3 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(96.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2dd4 ff78 fs5 fc7 sc0 ls57 ws46\">Adjustments for non-cash items:<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x2d8 h38 y2dd5 ff79 fs5 fc7 sc0 ls9 ws1\">Depreciation<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x7b7 h38 y2dd6 ff79 fs5 fc7 sc0 ls57 ws46\">3.2<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c n x7b8 y2dd7 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">3.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7b9 y2dd7 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">79.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7ba y2dd7 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">78.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7bb y2dd7 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">96.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7bc y2dd7 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">93.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dd8 wd3 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">Amortisation of intangible assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7bd y2dd8 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">3.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7be y2dd8 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">29.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7bf y2dd8 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">26.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7c0 y2dd8 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">41.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7c1 y2dd8 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">30.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dd9 w170 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">Share-based payment expense<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7c2 y2dd9 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">5.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7c3 y2dd9 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">5.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7c4 y2dd9 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">5.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7c5 y2dd9 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7c6 y2dd9 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">5.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dda w5d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">Employee benefits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7c7 y2dda w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7c8 y2dda w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">7.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7c9 y2dda w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">7.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7ca y2dda w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">9.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b2 y2dda w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">9.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c x2be y2ddb w171 h61\"><div class=\"t m0 x2bd h38 y2c5b ff79 fs5 fc7 sc0 ls57 ws46\">Loss on sale of property, plant and equipment and<span class=\"_ _2b5\"> </span></div><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">intangible assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7a9 y2ddb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">2.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7cb y2ddb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7cc y2ddb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7cd y2ddb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">3.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7ce y2ddb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">3.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ddc w172 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">Amendments and early terminations of leases<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x7cf y2ddc w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">3.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7d0 y2ddc w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">3.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7d1 y2ddc w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">(4.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7d2 y2ddc w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">(4.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ddd w173 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">Impairment of assets held for sale<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x7d3 y2ddd w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">18.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7d4 y2ddd w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7d5 y2ddd w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7d6 y2ddd w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dde w174 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">Impairment of non-current assets<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x7d7 y2dde w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">69.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7d8 y2dde w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">62.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7d9 y2dde w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">176.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7da y2dde w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">176.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2ddf ff78 fs5 fc7 sc0 ls57 ws46\">Other adjustments:<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2de0 w175 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">Movement in provisions<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x7db y2de0 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">23.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7dc y2de0 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">15.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7dd y2de0 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(42.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x41a y2de0 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(48.5)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dae waf h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">Pension deficit contributions<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7de y2dae w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7df y2dae w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(46.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7e0 y2dae w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(30.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7e1 y2dae w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(38.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7e2 y2dae w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(30.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2de1 w176 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">Other contributions into pension schemes<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x7e3 y2de1 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">(9.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7e4 y2de1 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">(9.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7b5 y2de1 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(10.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7e5 y2de1 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(10.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2de2 ff78 fs5 fc7 sc0 ls57 ws46\">Movements in working capital:<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2de3 w5e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">Trade and other receivables<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x7e6 y2de3 w89 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(30.<span class=\"_ _2a\"></span>1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7e7 y2de3 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">(5.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7e8 y2de3 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(41.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7e9 y2de3 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">37.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2de4 w177 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">Non-recourse trade receivables financing<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x7ea y2de4 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">(9.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7eb y2de4 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">(9.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7ec y2de4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">28.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7ed y2de4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">28.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2de5 w64 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">Trade and other payables<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x7ee y2de5 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">(8.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7ef y2de5 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">(6.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7f0 y2de5 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">84.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x768 y2de5 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">20.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2de6 w178 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">VAT deferral<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x7f1 y2de6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7f2 y2de6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7f3 y2de6 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(14.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7f4 y2de6 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(14.9)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2de7 w67 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">Deferred income<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x7f5 y2de7 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(77.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7f6 y2de7 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(81.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7f7 y2de7 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(116.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7f8 y2de7 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(122.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2db3 wb6 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">Contract fulfilment assets (non-current)<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x7f9 y2db3 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">5.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7fa y2db3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7fb y2db3 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">18.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7fc y2db3 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">20.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c1b w8b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">Cash generated from operations<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x7fd y2c1b w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">8.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7fe y2c1b w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">41.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7ff y2c1b w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">117.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x800 y2c1b w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">98.4<span class=\"_ _2b5\"> </span></div></td></tr></table>1,2<div class=\"t m0 h42 ff78 fs1c fc7 sc0 ls9 ws1 gs3b2\">2<span class=\"_ _2b5\"> </span></div><div class=\"gs233\"><table class=\"s w179 h82\" id=\"_69287554-6f1f-4d56-9ffd-32ecf8cf9669\"><tr><td></td><td></td><td></td><td class=\"c n x801 y2de8 wc7 h69\"><div class=\"t m0 x2bd h3a y2c9f ff78 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x802 y2de8 wc7 h67\"><div class=\"t m0 x2bd h3a y2c9f ff79 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x803 h3b y2de9 ff78 fs8 fc7 sc0 ls58 ws47\">Excluding </td><td></td><td class=\"t m0 x804 h3a y2de9 ff79 fs8 fc7 sc0 ls9 ws1\">Excluding </td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x805 h3b y2dea ff78 fs8 fc7 sc0 ls58 ws47\">business </td><td></td><td class=\"t m0 x806 h3a y2dea ff79 fs8 fc7 sc0 ls58 ws47\">business </td></tr><tr><td></td><td></td><td class=\"c x4d5 y2deb w15 h4c\"><div class=\"t m0 x259 h3b y20ca ff78 fs8 fc7 sc0 ls58 ws47\">Reported </div></td><td class=\"c x648 y2dec w17a h81\"><div class=\"t m0 x2bd h3b y2d37 ff78 fs8 fc7 sc0 ls58 ws47\">exits</div><div class=\"t m0 x807 h4a y2dcb ff78 fs1e fc7 sc0 ls5c ws4b\">1,2<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 x808 h3a y2ded ff79 fs8 fc7 sc0 ls58 ws47\">Reported </td><td class=\"t m0 x809 h3a y2ded ff79 fs8 fc7 sc0 ls58 ws47\">exits<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x80a h3a y2dee ff79 fs8 fc7 sc0 ls58 ws47\">Notes<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x80b h3b y2dee ff78 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x491 h3b y2dee ff78 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x492 h3a y2dee ff79 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2dee ff79 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h39 y2def ff78 fs5 fc7 sc0 ls9 ws1\">Adjustments for free cash flows:<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2df0 w8c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">Income tax paid<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x80c y2df0 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">(7.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x80d y2df0 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">(3.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x80e y2df0 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">(7.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x80f y2df0 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(10.9)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c5c w8d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">Interest received<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x810 y2c5c w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">6.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x811 y2c5c w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">6.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x812 y2c5c w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">5.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x813 y2c5c w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">5.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2df1 w8e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">Interest paid<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x814 y2df1 w89 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(<span class=\"_ _2a\"></span>47.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x815 y2df1 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(47.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x816 y2df1 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(43.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x817 y2df1 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(41.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2df2 w8f h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">Net cash (outflow)/inflow from operating activities<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x818 y2df2 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(40.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x819 y2df2 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">(3.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x81a y2df2 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">71.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x81b y2df2 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">50.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2df3 w90 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">Purchase of property, plant and equipment<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7a9 y2df3 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">3.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x81c y2df3 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(28.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x81d y2df3 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(27.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x81e y2df3 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(20.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x81f y2df3 w89 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(11.<span class=\"_ _2a\"></span>2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2df4 w91 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">Purchase of intangible assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x820 y2df4 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">3.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x821 y2df4 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(32.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x822 y2df4 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(31.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7ac y2df4 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(27.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x823 y2df4 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(27.3)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2df5 ff79 fs5 fc7 sc0 ls9 ws1\">Proceeds from sale of property, plant and equipment </td><td></td><td class=\"c n x824 y2df6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x825 y2df6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x826 y2df6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x827 y2df6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2df7 ff79 fs5 fc7 sc0 ls57 ws46\">and intangible assets<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x349 h38 y2df8 ff79 fs5 fc7 sc0 ls9 ws1\">Capital element of lease rental receipts<span class=\"_ _2b5\"> </span></td><td></td><td class=\"c n x824 y2df9 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">6.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x825 y2df9 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">6.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x826 y2df9 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">5.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x827 y2df9 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">5.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2dfa ff79 fs5 fc7 sc0 ls9 ws1\">Capital element of lease rental payments<span class=\"_ _2b5\"> </span></td><td></td><td class=\"c n x828 y2dfb w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(59.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x829 y2dfb w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(58.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x82a y2dfb w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(61.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x82b y2dfb w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(61.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h39 y2dfc ff78 fs5 fc7 sc0 ls57 ws46\">Free cash flow<span class=\"_ _2b5\"> </span></td><td></td><td class=\"c n x82c y2c1b w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(154.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x82d y2c1b w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(115.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x82e y2c1b w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(31.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x82f y2c1b w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(42.4)<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h43 ff79 fs1e fc7 sc0 ls5c ws4b gs3b3\">1,2<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h3a ff79 fs8 fc7 sc0 ls58 ws47 gs3b4\">1.<span class=\"_ _9\"> </span>Definitions of the alternative performance measures and related Key Performance Indicators (KPIs) can be found in section 8.2.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3a ff79 fs8 fc7 sc0 ls58 ws47 gs3b5\">2.<span class=\"_ _9\"> </span>From 1<span class=\"_ gs234\"> </span>January 2023 free cash flow and free cash flow excluding business exits are presented after deducting the capital element of lease<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h3a ff79 fs8 fc7 sc0 ls58 ws47 gs3b6\">payments and receipts. Comparative amounts have been re-presented. Refer to note 2.9.2.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff78 fs5 fc7 sc0 ls57 ws46 gs3b7\">Cyber incident: <span class=\"ff79 ls9 ws1\">In relation to the exceptional cyber incident costs referred to in note<span class=\"_ gs15\"> </span><span class=\"_ _1\"></span><span class=\"ls57 ws46\">2.4<span class=\"ls9 ws1\">, the cash outflow<span class=\"_ _2b5\"> </span></span></span></span><span class=\"ff79 ls9 ws1\"><span class=\"ls57 ws46\"><span class=\"ls9 ws1\"> </span></span></span></div><div class=\"t m0 h38 ff79 fs5 fc7 sc0 ls57 ws46 gs3b8\">during the year ended 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> was </span>\u00a320.1m<span class=\"ls9 ws1\"> and is included within free cash flow excluding<span class=\"_ _2b5\"> </span></span><span class=\"ls9 ws1\"> </span></div><div class=\"t m0 h38 ff79 fs5 fc7 sc0 ls9 ws1 gs3b9\">business exits, and cash generated from operations excluding busin<span class=\"_ _1\"></span>ess exits.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff78 fs5 fc7 sc0 ls57 ws46 gs3ba\">Cost reduction programme:<span class=\"ff79 ls9 ws1\"> In relation to the implementation of the cost reduction programme detailed in<span class=\"_ _2b5\"> </span></span><span class=\"ff79 ls9 ws1\"> </span></div><div class=\"t m0 h38 ff79 fs5 fc7 sc0 ls57 ws46 gs3bb\">note 2.4, the cash outflow during the year ended 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> was </span>\u00a36.1m<span class=\"ls9 ws1\"> and is included within free<span class=\"_ _2b5\"> </span></span><span class=\"ls9 ws1\"> </span></div><div class=\"t m0 h38 ff79 fs5 fc7 sc0 ls9 ws1 gs3bc\">cash flow excluding business exits, and cash generated from ope<span class=\"_ _1\"></span>rations excluding business exits. A further<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ff79 fs5 fc7 sc0 ls9 ws1 gs3bd\">outflow of approximately \u00a3<span class=\"ls57 ws46\">21m associated with the programme announced in November 2023 is expected<span class=\"_ _2b5\"> </span></span><span class=\"ls57 ws46\"> </span></div><div class=\"t m0 h38 ff79 fs5 fc7 sc0 ls57 ws46 gs3be\">in 2024.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff7a fs5 fc6 sc0 ls57 ws46 gs3c0\">2.9.2 Free cash flow and cash generated from operations (alternative performance measures - refer </div><div class=\"t m0 h39 ff7a fs5 fc6 sc0 ls57 ws46 gs3c1\">to section 8.2)<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff7b fs5 fc7 sc0 ls9 ws1 gs3c2\">The Board considers free cash flow, and cash generated from ope<span class=\"_ _1\"></span>rations excluding business exits, to be </div><div class=\"t m0 h38 ff7b fs5 fc7 sc0 ls9 ws1 gs3c3\">alternative performance measures because these metrics provide a more<span class=\"_ _1\"></span> representative measure of the </div><div class=\"t m0 h38 ff7b fs5 fc7 sc0 ls9 ws1 gs3c4\">sustainable cash flow of the Group.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff7b fs5 fc7 sc0 ls9 ws1 gs3c5\">Following feedback from investors the Board has revised its definition of th<span class=\"_ _1\"></span>e free cash flow and free cash </div><div class=\"t m0 h38 ff7b fs5 fc7 sc0 ls9 ws1 gs3c6\">flow excluding business exits alternative performance measures. From 1<span class=\"_ gs15\"> </span>Jan<span class=\"_ _1\"></span>uary 2023, both these metrics </div><div class=\"t m0 h38 ff7b fs5 fc7 sc0 ls9 ws1 gs3c7\">have been presented after deducting the capital element of le<span class=\"_ _1\"></span>ase payments and receipts, since this </div><div class=\"t m0 h38 ff7b fs5 fc7 sc0 ls57 ws46 gs3c8\">provides a more relevant and comparable measure of the cash generated by the Group\u2019s operati<span class=\"_ _2a\"></span>ons and </div><div class=\"t m0 h38 ff7b fs5 fc7 sc0 ls57 ws46 gs3c9\">available to fund operations, capital expenditure, non-lease debt obligations, and potent<span class=\"_ _2a\"></span>ial shareholder </div><div class=\"t m0 h38 ff7b fs5 fc7 sc0 ls9 ws1 gs3ca\">distributions. <span class=\"ls57 ws46\">Comparative amounts have been re-presented.<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ff7b fs5 fc7 sc0 ls57 ws46 gs3cb\">These measures are analysed below:<span class=\"_ _2b5\"> </span></div><div class=\"gs3cc\"><table class=\"s w17b h83\" id=\"_605096f5-9e52-4aaf-979f-125599c50e5e\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x830 h3b y2dfd ff7a fs8 fc7 sc0 ls58 ws47\">Cash generated/(used) by </td></tr><tr><td></td><td></td><td class=\"t m0 x831 h3b y2dfe ff7a fs8 fc7 sc0 ls58 ws47\">Free cash flow<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 x832 h3b y2dfe ff7a fs8 fc7 sc0 ls58 ws47\">operations<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x7a6 h3b y2dff ff7a fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x833 h3a y2e00 ff7b fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x307 h3b y2dff ff7a fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x308 h3a y2e00 ff7b fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x834 h3b y2e01 ff7a fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x617 h3a y2e01 ff7b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30a h3b y2e01 ff7a fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2e01 ff7b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2e02 w17c h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7a fs5 fc7 sc0 ls57 ws46\">Reported (including business exits)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x835 y2e02 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7a fs5 fc7 sc0 ls57 ws46\">(154.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x836 y2e02 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7b fs5 fc7 sc0 ls57 ws46\">(31.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x837 y2e02 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7a fs5 fc7 sc0 ls57 ws46\">8.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x334 y2e02 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7b fs5 fc7 sc0 ls57 ws46\">117.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2e03 wb0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7b fs5 fc7 sc0 ls9 ws1\">Business exits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x838 y2e03 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7a fs5 fc7 sc0 ls57 ws46\">23.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x839 y2e03 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7b fs5 fc7 sc0 ls57 ws46\">(19.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x83a y2e03 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7a fs5 fc7 sc0 ls57 ws46\">16.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x83b y2e03 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7b fs5 fc7 sc0 ls57 ws46\">(28.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c x460 y2bfb w17d h61\"><div class=\"t m0 x2bd h38 y2c5b ff7b fs5 fc7 sc0 ls9 ws1\">Pension deficit contributions triggered by<span class=\"_ _2b5\"> </span></div><div class=\"t m0 x2bd h38 y2bd0 ff7b fs5 fc7 sc0 ls57 ws46\">disposals<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x83c y2bfb w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7a fs5 fc7 sc0 ls57 ws46\">16.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x83d y2bfb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7b fs5 fc7 sc0 ls57 ws46\">8.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x83e y2bfb w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7a fs5 fc7 sc0 ls57 ws46\">16.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x83f y2bfb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7b fs5 fc7 sc0 ls57 ws46\">8.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w17e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7a fs5 fc7 sc0 ls57 ws46\">Excluding business exits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x840 y2be6 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7a fs5 fc7 sc0 ls57 ws46\">(115.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x841 y2be6 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7b fs5 fc7 sc0 ls57 ws46\">(42.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x842 y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7a fs5 fc7 sc0 ls57 ws46\">41.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x843 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7b fs5 fc7 sc0 ls57 ws46\">98.4<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ff7b fs5 fc7 sc0 ls9 ws1 gs3ce\">A reconciliation of net cash flow to movement in net debt is included<span class=\"_ _1\"></span><span class=\"ls57 ws46\"> in note<span class=\"_ gs15\"> </span>2.9.3.<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ff7a fs5 fc7 sc0 ls57 ws46 gs3cf\">Business exits:<span class=\"ff7b ls9 ws1\"> the cash flows of businesses exited, or in the process of being exited, and th<span class=\"_ _1\"></span>e proceeds </span></div><div class=\"t m0 h38 ff7b fs5 fc7 sc0 ls9 ws1 gs3d0\">from disposals, are disclosed outside the adjusted results. The <span class=\"_ _1\"></span><span class=\"ls57 ws46\">2022<span class=\"ls9 ws1\"> results have been re-presented for </span></span></div><div class=\"t m0 h38 ff7b fs5 fc7 sc0 ls9 ws1 gs3d1\">those businesses exited, or in the process of being exited, during <span class=\"_ _1\"></span><span class=\"ls57 ws46\">2023<span class=\"ls9 ws1\"> to enable comparability of the </span></span></div><div class=\"t m0 h38 ff7b fs5 fc7 sc0 ls9 ws1 gs3d2\">adjusted results.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff7a fs5 fc7 sc0 ls57 ws46 gs3d3\">Pension deficit contributions triggered by disposals:<span class=\"ff7b ls9 ws1\"> the Trustee of the Group\u2019s main defined benefit </span></div><div class=\"t m0 h38 ff7b fs5 fc7 sc0 ls9 ws1 gs3d4\">pension scheme has agreed with the Group to accelerate the payme<span class=\"_ _1\"></span>nt of future agreed deficit contributions </div><div class=\"t m0 h38 ff7b fs5 fc7 sc0 ls57 ws46 gs3d5\">on a pound for pound basis in the event of disposal proceeds being used to fund mandatory prepayments of<span class=\"_ _2a\"></span> </div><div class=\"t m0 h38 ff7b fs5 fc7 sc0 ls57 ws46 gs3d6\">debt. The disposal of Pay360 and Capita Translation and Interpreting in the second half of 2022 and </div><div class=\"t m0 h38 ff7b fs5 fc7 sc0 ls9 ws1 gs3d7\">Resourcing in 2023 resulted in accelerated deficit contributions totallin<span class=\"_ _1\"></span>g <span class=\"ls57 ws46\">\u00a316.3m being paid into the Scheme </span></div><div class=\"t m0 h38 ff7b fs5 fc7 sc0 ls9 ws1 gs3d8\">during 2023. Additionally, as a result of the Trustmarque disposal in<span class=\"_ _1\"></span> March 2022, a further \u00a314.5m of </div><div class=\"t m0 h38 ff7b fs5 fc7 sc0 ls9 ws1 gs3d9\">accelerated deficit contributions is required by March 2024 (2022: Pe<span class=\"_ _1\"></span>nsion deficit contributions of <span class=\"ls57 ws46\">\u00a38.6m</span> </div><div class=\"t m0 h38 ff7b fs5 fc7 sc0 ls57 ws46 gs3da\">triggered by:<span class=\"ls9 ws1\"> the disposal of the Trustmarque business which led to accelerated deficit con<span class=\"_ _1\"></span>tributions of </span></div><div class=\"t m0 h38 ff7b fs5 fc7 sc0 ls9 ws1 gs3db\">\u00a35.9m; and the disposal of the Axelos business in 2021 which led to a<span class=\"_ _1\"></span>ccelerated deficit contributions of </div><div class=\"t m0 h38 ff7b fs5 fc7 sc0 ls57 ws46 gs3dc\">\u00a32.7m).<span class=\"_ _2b5\"> </span></div>2.9.3 Reconciliation of net cash flow to movement in net debt<span class=\"_ _2b5\"> </span><table class=\"s w17f h84\" id=\"_fd8c0656-2325-4a10-923f-8f2ed7e51604\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x587 h3b y2e04 ff7c fs8 fc7 sc0 ls58 ws47\">Total </td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x831 h3b y2e05 ff7c fs8 fc7 sc0 ls58 ws47\">Net debt at </td><td class=\"c x844 y2e06 w180 h69\"><div class=\"t m0 x2bd h3b y2d37 ff7c fs8 fc7 sc0 ls58 ws47\">Cash flow<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"t m0 x845 h3b y2e07 ff7c fs8 fc7 sc0 ls58 ws47\">Change in </td><td></td><td class=\"t m0 x56b h3b y2e07 ff7c fs8 fc7 sc0 ls58 ws47\">New </td><td class=\"t m0 x846 h3b y2e07 ff7c fs8 fc7 sc0 ls58 ws47\">Lease </td><td class=\"t m0 x56e h3b y2e07 ff7c fs8 fc7 sc0 ls58 ws47\">Lease </td><td class=\"t m0 x56f h3b y2e07 ff7c fs8 fc7 sc0 ls58 ws47\">Exchange </td><td class=\"t m0 x847 h3b y2e07 ff7c fs8 fc7 sc0 ls58 ws47\">Non-cash </td><td class=\"t m0 x848 h3b y2e05 ff7c fs8 fc7 sc0 ls58 ws47\">Net debt at </td></tr><tr><td></td><td></td><td class=\"t m0 x4e5 h3b y2e08 ff7c fs8 fc7 sc0 ls58 ws47\">1 January </td><td class=\"c x849 y2e09 w25 h69\"><div class=\"t m0 x2bd h3b y2d37 ff7c fs8 fc7 sc0 ls58 ws47\">movements</div></td><td class=\"t m0 x84a h3b y2e0a ff7c fs8 fc7 sc0 ls58 ws47\">Amortisation </td><td class=\"t m0 x84b h3b y2e0a ff7c fs8 fc7 sc0 ls58 ws47\">fair value </td><td class=\"t m0 x36c h3b y2e0a ff7c fs8 fc7 sc0 ls58 ws47\">Interest </td><td class=\"t m0 x84c h3b y2e0a ff7c fs8 fc7 sc0 ls58 ws47\">leases </td><td class=\"t m0 x84d h3b y2e0a ff7c fs8 fc7 sc0 ls58 ws47\">terminations </td><td class=\"t m0 x84e h3b y2e0a ff7c fs8 fc7 sc0 ls58 ws47\">modifications </td><td class=\"t m0 x370 h3b y2e0a ff7c fs8 fc7 sc0 ls58 ws47\">movements </td><td class=\"t m0 x84f h3b y2e0a ff7c fs8 fc7 sc0 ls58 ws47\">movement </td><td class=\"t m0 x850 h3b y2e08 ff7c fs8 fc7 sc0 ls58 ws47\">31 December </td></tr><tr><td class=\"t m0 x2d8 h39 y2e0b ff7c fs5 fc7 sc0 ls57 ws46\">Year ended 31<span class=\"_ gs15\"> </span>December 2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x851 h3a y2e0c ff7d fs8 fc7 sc0 ls58 ws47\">Note<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x852 h3b y2e0c ff7c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"c x853 y2e0d w12e h69\"><div class=\"t m0 x2bd h3b y2d37 ff7c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 x372 h3b y2e0c ff7c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x854 h3b y2e0c ff7c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x374 h3b y2e0c ff7c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x855 h3b y2e0c ff7c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x856 h3b y2e0c ff7c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x584 h3b y2e0c ff7c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x857 h3b y2e0c ff7c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x858 h3b y2e0c ff7c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x859 h3b y2e0c ff7c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2e0e w181 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Cash, cash equivalents and overdrafts<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x85a y2e0e w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">4.5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x85b y2e0e w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">177.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x85c y2e0e w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(106.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x85d y2e0e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x85e y2e0e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x85f y2e0e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x860 y2e0e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x861 y2e0e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x862 y2e0e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x863 y2e0e w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(2.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x864 y2e0e w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(2.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x865 y2e0e w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">67.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d79 w182 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x866 y2d79 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(289.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x867 y2d79 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">17.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x868 y2d79 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x869 y2d79 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">3.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x86a y2d79 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x86b y2d79 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x86c y2d79 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x86d y2d79 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x86e y2d79 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">1.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x86f y2d79 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">5.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x870 y2d79 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(267.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d7c w183 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Unamortised transaction costs on debt issuance<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x871 y2d7c w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">4.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x872 y2d7c w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x873 y2d7c w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(4.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x874 y2d7c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x875 y2d7c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x876 y2d7c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x877 y2d7c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x878 y2d7c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x879 y2d7c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x87a y2d7c w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(4.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x87b y2d7c w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">4.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d7d w184 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Carrying value of private placement loan notes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x87c y2d7d w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">4.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x87d y2d7d w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(285.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x87e y2d7d w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">22.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x87f y2d7d w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(4.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x880 y2d7d w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">3.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x881 y2d7d w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x882 y2d7d w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x883 y2d7d w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x884 y2d7d w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x885 y2d7d w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">1.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x886 y2d7d w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x887 y2d7d w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(262.5)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e0f w185 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Cross-currency interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x888 y2e0f w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">4.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x889 y2e0f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">24.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x88a y2e0f w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(6.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x88b y2e0f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x88c y2e0f w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(4.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x88d y2e0f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x88e y2e0f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x88f y2e0f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x890 y2e0f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x891 y2e0f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x892 y2e0f w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(4.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x893 y2e0f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">13.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e10 w186 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Fair value of private placement loan notes<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x87d y2e10 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(260.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x87e y2e10 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">16.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x87f y2e10 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(4.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x894 y2e10 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x895 y2e10 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x896 y2e10 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x897 y2e10 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x898 y2e10 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x38a y2e10 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">1.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x899 y2e10 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(4.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x89a y2e10 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(248.9)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e11 w187 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Other finance<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x89b y2e11 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">4.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x89c y2e11 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(0.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x89d y2e11 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x89e y2e11 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x89f y2e11 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x88d y2e11 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x88e y2e11 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x88f y2e11 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x890 y2e11 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8a0 y2e11 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8a1 y2e11 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8a2 y2e11 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(0.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e12 w68 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8a3 y2e12 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">4.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8a4 y2e12 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(397.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8a5 y2e12 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">81.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8a6 y2e12 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8a7 y2e12 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8a8 y2e12 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(22.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8a9 y2e12 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(17.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8aa y2e12 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">2.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8ab y2e12 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(11.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8ac y2e12 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">1.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8ad y2e12 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(47.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8ae y2e12 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(363.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e13 w188 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff7c fs5 fc7 sc0 ls9 ws1\">Total net liabilities from financing activities<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x8af y2e13 w2e h5a\"><div class=\"t m0 x2bd h39 y2c43 ff7c fs5 fc7 sc0 ls57 ws46\">(658.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8b0 y2e13 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff7c fs5 fc7 sc0 ls57 ws46\">97.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8b1 y2e13 w35 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff7c fs5 fc7 sc0 ls9 ws1\">(4.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8b2 y2e13 w35 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff7c fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8b3 y2e13 w30 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff7c fs5 fc7 sc0 ls57 ws46\">(22.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8b4 y2e13 w30 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff7c fs5 fc7 sc0 ls57 ws46\">(17.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8b5 y2e13 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff7c fs5 fc7 sc0 ls57 ws46\">2.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8b6 y2e13 w30 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff7c fs5 fc7 sc0 ls57 ws46\">(11.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8b7 y2e13 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff7c fs5 fc7 sc0 ls57 ws46\">2.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8b8 y2e13 w89 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff7c fs5 fc7 sc0 ls57 ws46\">(51.<span class=\"_ _2a\"></span>4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8b9 y2e13 w2e h5a\"><div class=\"t m0 x2bd h39 y2c43 ff7c fs5 fc7 sc0 ls57 ws46\">(612.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bfb w189 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">Deferred consideration payable<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8ba y2bfb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">4.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8bb y2bfb w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(0.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8bc y2bfb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8bd y2bfb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8be y2bfb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8bf y2bfb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8c0 y2bfb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8c1 y2bfb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8c2 y2bfb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8c3 y2bfb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8c4 y2bfb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8c5 y2bfb w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(0.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w29 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">Net debt<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8c6 y2be6 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">4.1.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8a4 y2be6 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(482.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8c7 y2be6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(9.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8c8 y2be6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(4.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8c9 y2be6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8ca y2be6 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(22.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8cb y2be6 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(17.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8cc y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">2.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8cd y2be6 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(11.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8ce y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8cf y2be6 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(54.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8d0 y2be6 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(545.5)<span class=\"_ _2b5\"> </span></div></td></tr></table><table class=\"s w18a h85\" id=\"_ffc62b68-197f-47c2-bb4f-e2ff8da82b40\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x8d1 h3a y2e14 ff7d fs8 fc7 sc0 ls58 ws47\">Total </td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x8d2 h3a y2e15 ff7d fs8 fc7 sc0 ls58 ws47\">Net debt at </td><td class=\"t m0 x8d3 h3a y2e16 ff7d fs8 fc7 sc0 ls58 ws47\">Cash flow </td><td></td><td class=\"t m0 x84b h3a y2e16 ff7d fs8 fc7 sc0 ls58 ws47\">Change in </td><td></td><td class=\"t m0 x375 h3a y2e16 ff7d fs8 fc7 sc0 ls9 ws1\">New </td><td class=\"t m0 x36e h3a y2e16 ff7d fs8 fc7 sc0 ls58 ws47\">Lease </td><td class=\"t m0 x8d4 h3a y2e16 ff7d fs8 fc7 sc0 ls58 ws47\">Lease </td><td class=\"t m0 x8d5 h3a y2e16 ff7d fs8 fc7 sc0 ls58 ws47\">Exchange </td><td class=\"t m0 x8d6 h3a y2e16 ff7d fs8 fc7 sc0 ls58 ws47\">Non-cash </td><td class=\"t m0 x8d7 h3a y2e15 ff7d fs8 fc7 sc0 ls58 ws47\">Net debt at </td></tr><tr><td></td><td></td><td class=\"t m0 x4fb h3a y2e17 ff7d fs8 fc7 sc0 ls58 ws47\">1 January </td><td class=\"t m0 x8d8 h3a y2e17 ff7d fs8 fc7 sc0 ls58 ws47\">movements </td><td class=\"t m0 x8d9 h3a y2e17 ff7d fs8 fc7 sc0 ls58 ws47\">Amortisation </td><td class=\"t m0 x8da h3a y2e17 ff7d fs8 fc7 sc0 ls58 ws47\">fair value </td><td class=\"t m0 x8db h3a y2e17 ff7d fs8 fc7 sc0 ls58 ws47\">Interest </td><td class=\"t m0 x84c h3a y2e17 ff7d fs8 fc7 sc0 ls58 ws47\">Leases </td><td class=\"t m0 x8dc h3a y2e17 ff7d fs8 fc7 sc0 ls58 ws47\">terminations </td><td class=\"t m0 x8dd h3a y2e17 ff7d fs8 fc7 sc0 ls58 ws47\">modifications </td><td class=\"t m0 x8de h3a y2e17 ff7d fs8 fc7 sc0 ls58 ws47\">movements </td><td class=\"t m0 x847 h3a y2e17 ff7d fs8 fc7 sc0 ls58 ws47\">movement </td><td class=\"t m0 x57c h3a y2e17 ff7d fs8 fc7 sc0 ls58 ws47\">31 December </td></tr><tr><td class=\"t m0 x2d8 h38 y2e18 ff7d fs5 fc7 sc0 ls57 ws46\">Year ended 31<span class=\"_ gs15\"> </span>December 2022<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x619 h3a y2e19 ff7d fs8 fc7 sc0 ls58 ws47\">Note<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x6fa h3a y2e19 ff7d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x8df h3a y2e19 ff7d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x7a0 h3a y2e19 ff7d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x36b h3a y2e19 ff7d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x8e0 h3a y2e19 ff7d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x8e1 h3a y2e19 ff7d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x856 h3a y2e19 ff7d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x8e2 h3a y2e19 ff7d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x8e3 h3a y2e19 ff7d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x8e4 h3a y2e19 ff7d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x8e5 h3a y2e19 ff7d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2e1a w181 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Cash, cash equivalents and overdrafts<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8e6 y2e1a w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">4.5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8e7 y2e1a w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">101.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8e8 y2e1a w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">75.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8e9 y2e1a w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8ea y2e1a w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8eb y2e1a w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8ec y2e1a w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8ed y2e1a w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8ee y2e1a w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8ef y2e1a w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">0.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8f0 y2e1a w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">0.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8f1 y2e1a w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">177.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e1b w182 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x50c y2e1b w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(513.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8f2 y2e1b w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">236.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8f3 y2e1b w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8f4 y2e1b w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(6.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8f5 y2e1b w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8f6 y2e1b w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8f7 y2e1b w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8f8 y2e1b w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8f9 y2e1b w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(6.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8fa y2e1b w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(12.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8fb y2e1b w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(289.5)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e1c w18b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Unamortised discount on debt issuance<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x8fc y2e1c w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(2.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8fd y2e1c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8fe y2e1c w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">2.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8ff y2e1c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x900 y2e1c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x901 y2e1c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x902 y2e1c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x903 y2e1c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x904 y2e1c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x905 y2e1c w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">2.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x906 y2e1c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e1d w183 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Unamortised transaction costs on debt issuance<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x907 y2e1d w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">2.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x908 y2e1d w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x909 y2e1d w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(3.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x90a y2e1d w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x90b y2e1d w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x90c y2e1d w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x90d y2e1d w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x90e y2e1d w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x90f y2e1d w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x910 y2e1d w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(3.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x911 y2e1d w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">4.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e1e w184 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Carrying value of private placement loan notes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x912 y2e1e w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">4.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x913 y2e1e w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(512.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7d4 y2e1e w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">242.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x914 y2e1e w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(1.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x915 y2e1e w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(6.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x916 y2e1e w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x917 y2e1e w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x918 y2e1e w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x919 y2e1e w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x91a y2e1e w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(6.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x91b y2e1e w89 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(14.<span class=\"_ _2a\"></span>6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x91c y2e1e w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(285.5)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cee w185 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Cross-currency interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x91d y2cee w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">4.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x91e y2cee w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">28.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x91f y2cee w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(10.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x920 y2cee w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x921 y2cee w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">6.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x922 y2cee w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x923 y2cee w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x924 y2cee w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x925 y2cee w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x926 y2cee w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x927 y2cee w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">6.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x928 y2cee w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">24.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e0f w186 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Fair value of private placement loan notes<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x510 y2e0f w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(484.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x929 y2e0f w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">231.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x92a y2e0f w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(1.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x92b y2e0f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x92c y2e0f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x92d y2e0f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x92e y2e0f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x92f y2e0f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x930 y2e0f w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(6.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x931 y2e0f w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(7.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x932 y2e0f w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(260.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf0 w187 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Other finance<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x933 y2cf0 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">4.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x934 y2cf0 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(1.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x935 y2cf0 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">0.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x936 y2cf0 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x937 y2cf0 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x938 y2cf0 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x939 y2cf0 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x93a y2cf0 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x93b y2cf0 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x93c y2cf0 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x93d y2cf0 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x93e y2cf0 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(0.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf1 w18c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Credit facilities<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x93f y2cf1 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(46.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x940 y2cf1 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">46.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x941 y2cf1 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x942 y2cf1 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x943 y2cf1 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x944 y2cf1 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x945 y2cf1 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x946 y2cf1 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x947 y2cf1 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x948 y2cf1 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x949 y2cf1 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf2 w68 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x933 y2cf2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">4.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x94a y2cf2 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(448.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x94b y2cf2 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">84.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x94c y2cf2 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x94d y2cf2 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x94e y2cf2 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(22.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x94f y2cf2 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(15.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x950 y2cf2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">6.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x951 y2cf2 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(0.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x952 y2cf2 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(1.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x953 y2cf2 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(33.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x954 y2cf2 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(397.5)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf3 w18d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Total net liabilities from financing activities<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4f4 y2cf3 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(980.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x955 y2cf3 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">362.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x956 y2cf3 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(1.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x957 y2cf3 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x958 y2cf3 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(22.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x959 y2cf3 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(15.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x95a y2cf3 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">6.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x95b y2cf3 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(0.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x95c y2cf3 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(7.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x95d y2cf3 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(41.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x95e y2cf3 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(658.9)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bfb w189 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">Deferred consideration payable<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x95f y2bfb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">4.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x960 y2bfb w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(0.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4f5 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8f3 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x961 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x962 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x963 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x964 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x965 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x966 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x967 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x968 y2bfb w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(0.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w18e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">Net debt<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x969 y2be6 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">4.1.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x50c y2be6 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(879.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8f2 y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">438.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x96a y2be6 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(1.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x96b y2be6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x96c y2be6 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(22.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x5bb y2be6 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(15.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x96d y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">6.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x96e y2be6 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(0.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x96f y2be6 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(7.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x970 y2be6 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(40.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x971 y2be6 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(482.4)<span class=\"_ _2b5\"> </span></div></td></tr></table>Overdrafts comprise the aggregate value of overdrawn bank account b<span class=\"_ _1\"></span>alances within the Group\u2019s notional interest pooling arrangements. These aggregate overdrawn amounts are fully offse<span class=\"_ _1\"></span>t by surplus balances within the same notional pooling arrangements.<span class=\"_ _2b5\"> </span>At <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span>, the Group\u2019s <span class=\"ls57 ws46\">\u00a3260.7m</span> committed revolving credit facility was undrawn (<span class=\"_ _1\"></span><span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2022: undrawn)<span class=\"ls9 ws1\">.<span class=\"_ _2b5\"> </span></span></span>4.5.4 Cash, cash equivalents and overdrafts The Group has <span class=\"ls9 ws1\">a notional cash pool with its bank under which the bank is able to ne<span class=\"_ _1\"></span>t overdrafts against </span>cash balances held by other Group companies within the same notion<span class=\"_ _1\"></span>al pool. The overdraft balances shown below are fully offset by cash balances within the same notional pool. Sin<span class=\"_ _1\"></span>ce the pool is notional, the Group\u2019s gross cash and overdraft position is presented below:<span class=\"_ _2b5\"> </span><table class=\"s w229 haa\" id=\"_ef2bd5bc-c412-4fc5-af32-10864897b22e\"><tr><td></td><td class=\"t m0 x344 h3b y2fdc ffb5 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xdfd h3a y2fdc ffb6 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x347 h3b y2fdd ffb5 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2fdd ffb6 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2fde w150 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">Cash and cash equivalents<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdfe y2fde w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls57 ws46\">155.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x77b y2fde w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">396.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fdf w63 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">Overdrafts<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x76e y2fdf w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls57 ws46\">(95.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x76f y2fdf w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">(219.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x9cc y2fe0 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls57 ws46\">60.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdff y2fe0 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">177.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2fe1 ffb6 fs5 fc7 sc0 ls9 ws1\">Cash, net of overdrafts, included in disposal group assets and liabilitie<span class=\"_ _1\"></span>s </td><td></td><td></td></tr><tr><td class=\"c n x2be y2bfb w22a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">held for sale<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x525 y2bfb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls57 ws46\">7.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x78f y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w22b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls57 ws46\">Total cash, cash equivalents and overdrafts<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x44e y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls57 ws46\">67.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x44f y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">177.2<span class=\"_ _2b5\"> </span></div></td></tr></table>Of total cash, cash equivalents and overdrafts, <span class=\"ls57 ws46\">\u00a346.0m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a360.4m</span>) is restricte<span class=\"_ _1\"></span>d cash, which includes cash required to be held under FCA regulations, cash held in foreign bank accounts, and cas<span class=\"_ _2a\"></span>h represented by non-controlling interests.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashAndCashEquivalentsExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-477": {
   "value": "2.9 Cash flow information<span class=\"_ _2b5\"> </span>Accounting policies<span class=\"_ _2b5\"> </span>Cash and short-term deposits in the balance sheet comprise cash at ba<span class=\"_ _1\"></span>nk and in-hand and short-term deposits with an original maturity of three months or less. In the consolidated cash flow statement, cash<span class=\"_ _1\"></span> and cash equivalents consist of cash and short-term deposits net of outstanding<span class=\"_ _1\"></span> bank overdrafts and include cash and overdrafts within disposal group assets and liabilities held for sale. Cash at bank earns in<span class=\"_ _1\"></span>terest at fixed and floating rates based on prevailing bank deposit rates.<span class=\"_ _2b5\"> </span><div class=\"t m0 h39 ff78 fs5 fc6 sc0 ls57 ws46 gs3ae\">2.9.1 Additional cash flow <span class=\"ls9 ws1\">information<span class=\"_ _2b5\"> </span></span></div><div class=\"gs3af\"><table class=\"s w16b h80\" id=\"_d48a5c5e-afb2-4467-a930-20cf3aa3095c\"><tr><td></td><td></td><td></td><td class=\"c n x79e y2dc7 wc7 h69\"><div class=\"t m0 x2bd h3a y2c9f ff78 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x79f y2dc7 wc7 h67\"><div class=\"t m0 x2bd h3a y2c9f ff79 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x61a h3b y2dc8 ff78 fs8 fc7 sc0 ls58 ws47\">Excluding </td><td></td><td class=\"t m0 x7a0 h3a y2dc8 ff79 fs8 fc7 sc0 ls9 ws1\">Excluding </td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x7a1 h3b y2dc9 ff78 fs8 fc7 sc0 ls58 ws47\">business </td><td></td><td class=\"t m0 x7a2 h3a y2dc9 ff79 fs8 fc7 sc0 ls58 ws47\">business </td></tr><tr><td></td><td></td><td class=\"c x7a3 y2dca w16c h69\"><div class=\"t m0 x2bd h3b y2d37 ff78 fs8 fc7 sc0 ls58 ws47\">Reported<span class=\"_ _2b5\"> </span></div></td><td class=\"c x7a5 y2dcc w16d h81\"><div class=\"t m0 x2bd h3b y2d37 ff78 fs8 fc7 sc0 ls58 ws47\">exits<span class=\"_ _2b5\"> </span></div><div class=\"t m0 x7a4 h4a y2dcb ff78 fs1e fc7 sc0 ls5c ws4b\">1,2<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 x6e2 h3a y2dcd ff79 fs8 fc7 sc0 ls58 ws47\">Reported </td><td class=\"t m0 x37b h3a y2dcd ff79 fs8 fc7 sc0 ls58 ws47\">exits<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x7a6 h3a y2dce ff79 fs8 fc7 sc0 ls58 ws47\">Notes<span class=\"_ _2b5\"> </span></td><td class=\"c x7a7 y2dcf w12e h69\"><div class=\"t m0 x2bd h3b y2d37 ff78 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 x7a8 h3b y2dce ff78 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x47c h3a y2dce ff79 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2dce ff79 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y2dd0 ff78 fs5 fc7 sc0 ls9 ws1\">Cash flows from operating activities:<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2dd1 w16e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">Reported operating loss<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7a9 y2dd1 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7aa y2dd1 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(52.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7ab y2dd1 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(52.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7ac y2dd1 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(79.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7ad y2dd1 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(79.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dd2 w7c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">Less: business exit operating loss/(profit)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7ae y2dd2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">2.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7af y2dd2 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7b0 y2dd2 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">36.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7b1 y2dd2 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7b2 y2dd2 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(16.5)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dd3 w16f h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">Total operating loss<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x7b3 y2dd3 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(52.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7b4 y2dd3 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(15.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7b5 y2dd3 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(79.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7b6 y2dd3 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(96.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2dd4 ff78 fs5 fc7 sc0 ls57 ws46\">Adjustments for non-cash items:<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x2d8 h38 y2dd5 ff79 fs5 fc7 sc0 ls9 ws1\">Depreciation<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x7b7 h38 y2dd6 ff79 fs5 fc7 sc0 ls57 ws46\">3.2<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c n x7b8 y2dd7 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">3.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7b9 y2dd7 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">79.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7ba y2dd7 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">78.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7bb y2dd7 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">96.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7bc y2dd7 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">93.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dd8 wd3 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">Amortisation of intangible assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7bd y2dd8 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">3.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7be y2dd8 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">29.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7bf y2dd8 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">26.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7c0 y2dd8 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">41.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7c1 y2dd8 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">30.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dd9 w170 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">Share-based payment expense<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7c2 y2dd9 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">5.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7c3 y2dd9 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">5.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7c4 y2dd9 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">5.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7c5 y2dd9 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7c6 y2dd9 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">5.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dda w5d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">Employee benefits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7c7 y2dda w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7c8 y2dda w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">7.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7c9 y2dda w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">7.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7ca y2dda w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">9.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b2 y2dda w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">9.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c x2be y2ddb w171 h61\"><div class=\"t m0 x2bd h38 y2c5b ff79 fs5 fc7 sc0 ls57 ws46\">Loss on sale of property, plant and equipment and<span class=\"_ _2b5\"> </span></div><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">intangible assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7a9 y2ddb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">2.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7cb y2ddb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7cc y2ddb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7cd y2ddb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">3.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7ce y2ddb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">3.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ddc w172 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">Amendments and early terminations of leases<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x7cf y2ddc w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">3.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7d0 y2ddc w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">3.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7d1 y2ddc w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">(4.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7d2 y2ddc w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">(4.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ddd w173 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">Impairment of assets held for sale<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x7d3 y2ddd w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">18.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7d4 y2ddd w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7d5 y2ddd w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7d6 y2ddd w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dde w174 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">Impairment of non-current assets<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x7d7 y2dde w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">69.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7d8 y2dde w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">62.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7d9 y2dde w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">176.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7da y2dde w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">176.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2ddf ff78 fs5 fc7 sc0 ls57 ws46\">Other adjustments:<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2de0 w175 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">Movement in provisions<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x7db y2de0 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">23.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7dc y2de0 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">15.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7dd y2de0 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(42.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x41a y2de0 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(48.5)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dae waf h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">Pension deficit contributions<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7de y2dae w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7df y2dae w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(46.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7e0 y2dae w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(30.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7e1 y2dae w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(38.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7e2 y2dae w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(30.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2de1 w176 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">Other contributions into pension schemes<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x7e3 y2de1 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">(9.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7e4 y2de1 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">(9.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7b5 y2de1 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(10.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7e5 y2de1 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(10.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2de2 ff78 fs5 fc7 sc0 ls57 ws46\">Movements in working capital:<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2de3 w5e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">Trade and other receivables<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x7e6 y2de3 w89 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(30.<span class=\"_ _2a\"></span>1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7e7 y2de3 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">(5.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7e8 y2de3 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(41.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7e9 y2de3 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">37.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2de4 w177 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">Non-recourse trade receivables financing<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x7ea y2de4 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">(9.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7eb y2de4 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">(9.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7ec y2de4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">28.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7ed y2de4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">28.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2de5 w64 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">Trade and other payables<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x7ee y2de5 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">(8.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7ef y2de5 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">(6.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7f0 y2de5 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">84.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x768 y2de5 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">20.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2de6 w178 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">VAT deferral<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x7f1 y2de6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7f2 y2de6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7f3 y2de6 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(14.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7f4 y2de6 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(14.9)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2de7 w67 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">Deferred income<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x7f5 y2de7 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(77.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7f6 y2de7 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(81.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7f7 y2de7 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(116.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7f8 y2de7 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(122.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2db3 wb6 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">Contract fulfilment assets (non-current)<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x7f9 y2db3 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">5.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7fa y2db3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7fb y2db3 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">18.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7fc y2db3 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">20.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c1b w8b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">Cash generated from operations<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x7fd y2c1b w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">8.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7fe y2c1b w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">41.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7ff y2c1b w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">117.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x800 y2c1b w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">98.4<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h43 ff79 fs1e fc7 sc0 ls5c ws4b gs3b0\">1,2 </div>2<span class=\"_ _2b5\"> </span><table class=\"s w179 h82\" id=\"_69287554-6f1f-4d56-9ffd-32ecf8cf9669\"><tr><td></td><td></td><td></td><td class=\"c n x801 y2de8 wc7 h69\"><div class=\"t m0 x2bd h3a y2c9f ff78 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x802 y2de8 wc7 h67\"><div class=\"t m0 x2bd h3a y2c9f ff79 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x803 h3b y2de9 ff78 fs8 fc7 sc0 ls58 ws47\">Excluding </td><td></td><td class=\"t m0 x804 h3a y2de9 ff79 fs8 fc7 sc0 ls9 ws1\">Excluding </td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x805 h3b y2dea ff78 fs8 fc7 sc0 ls58 ws47\">business </td><td></td><td class=\"t m0 x806 h3a y2dea ff79 fs8 fc7 sc0 ls58 ws47\">business </td></tr><tr><td></td><td></td><td class=\"c x4d5 y2deb w15 h4c\"><div class=\"t m0 x259 h3b y20ca ff78 fs8 fc7 sc0 ls58 ws47\">Reported </div></td><td class=\"c x648 y2dec w17a h81\"><div class=\"t m0 x2bd h3b y2d37 ff78 fs8 fc7 sc0 ls58 ws47\">exits</div><div class=\"t m0 x807 h4a y2dcb ff78 fs1e fc7 sc0 ls5c ws4b\">1,2<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 x808 h3a y2ded ff79 fs8 fc7 sc0 ls58 ws47\">Reported </td><td class=\"t m0 x809 h3a y2ded ff79 fs8 fc7 sc0 ls58 ws47\">exits<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x80a h3a y2dee ff79 fs8 fc7 sc0 ls58 ws47\">Notes<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x80b h3b y2dee ff78 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x491 h3b y2dee ff78 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x492 h3a y2dee ff79 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2dee ff79 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h39 y2def ff78 fs5 fc7 sc0 ls9 ws1\">Adjustments for free cash flows:<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2df0 w8c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">Income tax paid<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x80c y2df0 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">(7.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x80d y2df0 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">(3.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x80e y2df0 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">(7.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x80f y2df0 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(10.9)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c5c w8d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">Interest received<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x810 y2c5c w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">6.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x811 y2c5c w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">6.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x812 y2c5c w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">5.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x813 y2c5c w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">5.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2df1 w8e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">Interest paid<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x814 y2df1 w89 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(<span class=\"_ _2a\"></span>47.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x815 y2df1 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(47.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x816 y2df1 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(43.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x817 y2df1 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(41.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2df2 w8f h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">Net cash (outflow)/inflow from operating activities<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x818 y2df2 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(40.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x819 y2df2 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls9 ws1\">(3.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x81a y2df2 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">71.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x81b y2df2 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">50.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2df3 w90 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">Purchase of property, plant and equipment<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7a9 y2df3 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">3.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x81c y2df3 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(28.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x81d y2df3 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(27.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x81e y2df3 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(20.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x81f y2df3 w89 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(11.<span class=\"_ _2a\"></span>2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2df4 w91 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls9 ws1\">Purchase of intangible assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x820 y2df4 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">3.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x821 y2df4 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(32.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x822 y2df4 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(31.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7ac y2df4 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(27.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x823 y2df4 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(27.3)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2df5 ff79 fs5 fc7 sc0 ls9 ws1\">Proceeds from sale of property, plant and equipment </td><td></td><td class=\"c n x824 y2df6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x825 y2df6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x826 y2df6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x827 y2df6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2df7 ff79 fs5 fc7 sc0 ls57 ws46\">and intangible assets<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x349 h38 y2df8 ff79 fs5 fc7 sc0 ls9 ws1\">Capital element of lease rental receipts<span class=\"_ _2b5\"> </span></td><td></td><td class=\"c n x824 y2df9 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">6.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x825 y2df9 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">6.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x826 y2df9 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">5.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x827 y2df9 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">5.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2dfa ff79 fs5 fc7 sc0 ls9 ws1\">Capital element of lease rental payments<span class=\"_ _2b5\"> </span></td><td></td><td class=\"c n x828 y2dfb w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(59.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x829 y2dfb w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(58.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x82a y2dfb w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(61.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x82b y2dfb w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(61.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h39 y2dfc ff78 fs5 fc7 sc0 ls57 ws46\">Free cash flow<span class=\"_ _2b5\"> </span></td><td></td><td class=\"c n x82c y2c1b w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(154.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x82d y2c1b w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff78 fs5 fc7 sc0 ls57 ws46\">(115.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x82e y2c1b w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(31.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x82f y2c1b w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff79 fs5 fc7 sc0 ls57 ws46\">(42.4)<span class=\"_ _2b5\"> </span></div></td></tr></table>1,2<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span>Definitions of the alternative performance measures and related Key Performance Indicators (KPIs) can be found in section 8.2.<span class=\"_ _2b5\"> </span>2.<span class=\"_ _9\"> </span>From 1<span class=\"_ gs234\"> </span>January 2023 free cash flow and free cash flow excluding business exits are presented after deducting the capital element of lease<span class=\"_ _2b5\"> </span>payments and receipts. Comparative amounts have been re-presented. Refer to note 2.9.2.<span class=\"_ _2b5\"> </span>Cyber incident: <span class=\"ff79 ls9 ws1\">In relation to the exceptional cyber incident costs referred to in note<span class=\"_ gs15\"> </span><span class=\"_ _1\"></span><span class=\"ls57 ws46\">2.4<span class=\"ls9 ws1\">, the cash outflow<span class=\"_ _2b5\"> </span></span></span></span>during the year ended 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> was </span>\u00a320.1m<span class=\"ls9 ws1\"> and is included within free cash flow excluding<span class=\"_ _2b5\"> </span></span>business exits, and cash generated from operations excluding busin<span class=\"_ _1\"></span>ess exits.<span class=\"_ _2b5\"> </span>Cost reduction programme:<span class=\"ff79 ls9 ws1\"> In relation to the implementation of the cost reduction programme detailed in<span class=\"_ _2b5\"> </span></span>note 2.4, the cash outflow during the year ended 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> was </span>\u00a36.1m<span class=\"ls9 ws1\"> and is included within free<span class=\"_ _2b5\"> </span></span>cash flow excluding business exits, and cash generated from ope<span class=\"_ _1\"></span>rations excluding business exits. A further<span class=\"_ _2b5\"> </span>outflow of approximately \u00a3<span class=\"ls57 ws46\">21m associated with the programme announced in November 2023 is expected<span class=\"_ _2b5\"> </span></span>in 2024.<span class=\"_ _2b5\"> </span>2.9.2 Free cash flow and cash generated from operations (alternative performance measures - refer to section 8.2)<span class=\"_ _2b5\"> </span>The Board considers free cash flow, and cash generated from ope<span class=\"_ _1\"></span>rations excluding business exits, to be alternative performance measures because these metrics provide a more<span class=\"_ _1\"></span> representative measure of the sustainable cash flow of the Group.<span class=\"_ _2b5\"> </span>Following feedback from investors the Board has revised its definition of th<span class=\"_ _1\"></span>e free cash flow and free cash flow excluding business exits alternative performance measures. From 1<span class=\"_ gs15\"> </span>Jan<span class=\"_ _1\"></span>uary 2023, both these metrics have been presented after deducting the capital element of le<span class=\"_ _1\"></span>ase payments and receipts, since this provides a more relevant and comparable measure of the cash generated by the Group\u2019s operati<span class=\"_ _2a\"></span>ons and available to fund operations, capital expenditure, non-lease debt obligations, and potent<span class=\"_ _2a\"></span>ial shareholder distributions. <span class=\"ls57 ws46\">Comparative amounts have been re-presented.<span class=\"_ _2b5\"> </span></span>These measures are analysed below:<span class=\"_ _2b5\"> </span><table class=\"s w17b h83\" id=\"_605096f5-9e52-4aaf-979f-125599c50e5e\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x830 h3b y2dfd ff7a fs8 fc7 sc0 ls58 ws47\">Cash generated/(used) by </td></tr><tr><td></td><td></td><td class=\"t m0 x831 h3b y2dfe ff7a fs8 fc7 sc0 ls58 ws47\">Free cash flow<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 x832 h3b y2dfe ff7a fs8 fc7 sc0 ls58 ws47\">operations<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x7a6 h3b y2dff ff7a fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x833 h3a y2e00 ff7b fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x307 h3b y2dff ff7a fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x308 h3a y2e00 ff7b fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x834 h3b y2e01 ff7a fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x617 h3a y2e01 ff7b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30a h3b y2e01 ff7a fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2e01 ff7b fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2e02 w17c h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7a fs5 fc7 sc0 ls57 ws46\">Reported (including business exits)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x835 y2e02 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7a fs5 fc7 sc0 ls57 ws46\">(154.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x836 y2e02 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7b fs5 fc7 sc0 ls57 ws46\">(31.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x837 y2e02 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7a fs5 fc7 sc0 ls57 ws46\">8.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x334 y2e02 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7b fs5 fc7 sc0 ls57 ws46\">117.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2e03 wb0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7b fs5 fc7 sc0 ls9 ws1\">Business exits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x838 y2e03 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7a fs5 fc7 sc0 ls57 ws46\">23.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x839 y2e03 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7b fs5 fc7 sc0 ls57 ws46\">(19.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x83a y2e03 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7a fs5 fc7 sc0 ls57 ws46\">16.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x83b y2e03 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7b fs5 fc7 sc0 ls57 ws46\">(28.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c x460 y2bfb w17d h61\"><div class=\"t m0 x2bd h38 y2c5b ff7b fs5 fc7 sc0 ls9 ws1\">Pension deficit contributions triggered by<span class=\"_ _2b5\"> </span></div><div class=\"t m0 x2bd h38 y2bd0 ff7b fs5 fc7 sc0 ls57 ws46\">disposals<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x83c y2bfb w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7a fs5 fc7 sc0 ls57 ws46\">16.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x83d y2bfb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7b fs5 fc7 sc0 ls57 ws46\">8.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x83e y2bfb w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7a fs5 fc7 sc0 ls57 ws46\">16.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x83f y2bfb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7b fs5 fc7 sc0 ls57 ws46\">8.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w17e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7a fs5 fc7 sc0 ls57 ws46\">Excluding business exits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x840 y2be6 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7a fs5 fc7 sc0 ls57 ws46\">(115.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x841 y2be6 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7b fs5 fc7 sc0 ls57 ws46\">(42.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x842 y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7a fs5 fc7 sc0 ls57 ws46\">41.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x843 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7b fs5 fc7 sc0 ls57 ws46\">98.4<span class=\"_ _2b5\"> </span></div></td></tr></table>A reconciliation of net cash flow to movement in net debt is included<span class=\"_ _1\"></span><span class=\"ls57 ws46\"> in note<span class=\"_ gs15\"> </span>2.9.3.<span class=\"_ _2b5\"> </span></span>Business exits:<span class=\"ff7b ls9 ws1\"> the cash flows of businesses exited, or in the process of being exited, and th<span class=\"_ _1\"></span>e proceeds </span>from disposals, are disclosed outside the adjusted results. The <span class=\"_ _1\"></span><span class=\"ls57 ws46\">2022<span class=\"ls9 ws1\"> results have been re-presented for </span></span>those businesses exited, or in the process of being exited, during <span class=\"_ _1\"></span><span class=\"ls57 ws46\">2023<span class=\"ls9 ws1\"> to enable comparability of the </span></span>adjusted results.<span class=\"_ _2b5\"> </span>Pension deficit contributions triggered by disposals:<span class=\"ff7b ls9 ws1\"> the Trustee of the Group\u2019s main defined benefit </span>pension scheme has agreed with the Group to accelerate the payme<span class=\"_ _1\"></span>nt of future agreed deficit contributions on a pound for pound basis in the event of disposal proceeds being used to fund mandatory prepayments of<span class=\"_ _2a\"></span> debt. The disposal of Pay360 and Capita Translation and Interpreting in the second half of 2022 and Resourcing in 2023 resulted in accelerated deficit contributions totallin<span class=\"_ _1\"></span>g <span class=\"ls57 ws46\">\u00a316.3m being paid into the Scheme </span>during 2023. Additionally, as a result of the Trustmarque disposal in<span class=\"_ _1\"></span> March 2022, a further \u00a314.5m of accelerated deficit contributions is required by March 2024 (2022: Pe<span class=\"_ _1\"></span>nsion deficit contributions of <span class=\"ls57 ws46\">\u00a38.6m</span> triggered by:<span class=\"ls9 ws1\"> the disposal of the Trustmarque business which led to accelerated deficit con<span class=\"_ _1\"></span>tributions of </span>\u00a35.9m; and the disposal of the Axelos business in 2021 which led to a<span class=\"_ _1\"></span>ccelerated deficit contributions of \u00a32.7m).<span class=\"_ _2b5\"> </span><div class=\"t m0 h39 ff7c fs5 fc6 sc0 ls57 ws46 gs3de\">2.9.3 Reconciliation of net cash flow to movement in net debt<span class=\"_ _2b5\"> </span></div><div class=\"gs3df\"><table class=\"s w17f h84\" id=\"_fd8c0656-2325-4a10-923f-8f2ed7e51604\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x587 h3b y2e04 ff7c fs8 fc7 sc0 ls58 ws47\">Total </td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x831 h3b y2e05 ff7c fs8 fc7 sc0 ls58 ws47\">Net debt at </td><td class=\"c x844 y2e06 w180 h69\"><div class=\"t m0 x2bd h3b y2d37 ff7c fs8 fc7 sc0 ls58 ws47\">Cash flow<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"t m0 x845 h3b y2e07 ff7c fs8 fc7 sc0 ls58 ws47\">Change in </td><td></td><td class=\"t m0 x56b h3b y2e07 ff7c fs8 fc7 sc0 ls58 ws47\">New </td><td class=\"t m0 x846 h3b y2e07 ff7c fs8 fc7 sc0 ls58 ws47\">Lease </td><td class=\"t m0 x56e h3b y2e07 ff7c fs8 fc7 sc0 ls58 ws47\">Lease </td><td class=\"t m0 x56f h3b y2e07 ff7c fs8 fc7 sc0 ls58 ws47\">Exchange </td><td class=\"t m0 x847 h3b y2e07 ff7c fs8 fc7 sc0 ls58 ws47\">Non-cash </td><td class=\"t m0 x848 h3b y2e05 ff7c fs8 fc7 sc0 ls58 ws47\">Net debt at </td></tr><tr><td></td><td></td><td class=\"t m0 x4e5 h3b y2e08 ff7c fs8 fc7 sc0 ls58 ws47\">1 January </td><td class=\"c x849 y2e09 w25 h69\"><div class=\"t m0 x2bd h3b y2d37 ff7c fs8 fc7 sc0 ls58 ws47\">movements</div></td><td class=\"t m0 x84a h3b y2e0a ff7c fs8 fc7 sc0 ls58 ws47\">Amortisation </td><td class=\"t m0 x84b h3b y2e0a ff7c fs8 fc7 sc0 ls58 ws47\">fair value </td><td class=\"t m0 x36c h3b y2e0a ff7c fs8 fc7 sc0 ls58 ws47\">Interest </td><td class=\"t m0 x84c h3b y2e0a ff7c fs8 fc7 sc0 ls58 ws47\">leases </td><td class=\"t m0 x84d h3b y2e0a ff7c fs8 fc7 sc0 ls58 ws47\">terminations </td><td class=\"t m0 x84e h3b y2e0a ff7c fs8 fc7 sc0 ls58 ws47\">modifications </td><td class=\"t m0 x370 h3b y2e0a ff7c fs8 fc7 sc0 ls58 ws47\">movements </td><td class=\"t m0 x84f h3b y2e0a ff7c fs8 fc7 sc0 ls58 ws47\">movement </td><td class=\"t m0 x850 h3b y2e08 ff7c fs8 fc7 sc0 ls58 ws47\">31 December </td></tr><tr><td class=\"t m0 x2d8 h39 y2e0b ff7c fs5 fc7 sc0 ls57 ws46\">Year ended 31<span class=\"_ gs15\"> </span>December 2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x851 h3a y2e0c ff7d fs8 fc7 sc0 ls58 ws47\">Note<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x852 h3b y2e0c ff7c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"c x853 y2e0d w12e h69\"><div class=\"t m0 x2bd h3b y2d37 ff7c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 x372 h3b y2e0c ff7c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x854 h3b y2e0c ff7c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x374 h3b y2e0c ff7c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x855 h3b y2e0c ff7c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x856 h3b y2e0c ff7c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x584 h3b y2e0c ff7c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x857 h3b y2e0c ff7c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x858 h3b y2e0c ff7c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x859 h3b y2e0c ff7c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2e0e w181 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Cash, cash equivalents and overdrafts<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x85a y2e0e w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">4.5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x85b y2e0e w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">177.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x85c y2e0e w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(106.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x85d y2e0e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x85e y2e0e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x85f y2e0e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x860 y2e0e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x861 y2e0e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x862 y2e0e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x863 y2e0e w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(2.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x864 y2e0e w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(2.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x865 y2e0e w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">67.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d79 w182 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x866 y2d79 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(289.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x867 y2d79 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">17.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x868 y2d79 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x869 y2d79 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">3.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x86a y2d79 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x86b y2d79 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x86c y2d79 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x86d y2d79 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x86e y2d79 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">1.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x86f y2d79 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">5.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x870 y2d79 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(267.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d7c w183 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Unamortised transaction costs on debt issuance<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x871 y2d7c w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">4.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x872 y2d7c w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x873 y2d7c w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(4.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x874 y2d7c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x875 y2d7c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x876 y2d7c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x877 y2d7c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x878 y2d7c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x879 y2d7c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x87a y2d7c w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(4.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x87b y2d7c w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">4.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d7d w184 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Carrying value of private placement loan notes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x87c y2d7d w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">4.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x87d y2d7d w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(285.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x87e y2d7d w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">22.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x87f y2d7d w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(4.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x880 y2d7d w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">3.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x881 y2d7d w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x882 y2d7d w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x883 y2d7d w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x884 y2d7d w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x885 y2d7d w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">1.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x886 y2d7d w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x887 y2d7d w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(262.5)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e0f w185 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Cross-currency interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x888 y2e0f w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">4.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x889 y2e0f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">24.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x88a y2e0f w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(6.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x88b y2e0f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x88c y2e0f w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(4.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x88d y2e0f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x88e y2e0f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x88f y2e0f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x890 y2e0f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x891 y2e0f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x892 y2e0f w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(4.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x893 y2e0f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">13.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e10 w186 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Fair value of private placement loan notes<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x87d y2e10 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(260.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x87e y2e10 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">16.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x87f y2e10 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(4.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x894 y2e10 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x895 y2e10 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x896 y2e10 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x897 y2e10 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x898 y2e10 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x38a y2e10 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">1.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x899 y2e10 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(4.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x89a y2e10 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(248.9)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e11 w187 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Other finance<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x89b y2e11 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">4.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x89c y2e11 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(0.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x89d y2e11 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x89e y2e11 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x89f y2e11 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x88d y2e11 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x88e y2e11 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x88f y2e11 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x890 y2e11 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8a0 y2e11 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8a1 y2e11 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8a2 y2e11 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(0.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e12 w68 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8a3 y2e12 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">4.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8a4 y2e12 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(397.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8a5 y2e12 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">81.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8a6 y2e12 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8a7 y2e12 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8a8 y2e12 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(22.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8a9 y2e12 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(17.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8aa y2e12 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">2.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8ab y2e12 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(11.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8ac y2e12 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">1.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8ad y2e12 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(47.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8ae y2e12 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(363.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e13 w188 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff7c fs5 fc7 sc0 ls9 ws1\">Total net liabilities from financing activities<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x8af y2e13 w2e h5a\"><div class=\"t m0 x2bd h39 y2c43 ff7c fs5 fc7 sc0 ls57 ws46\">(658.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8b0 y2e13 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff7c fs5 fc7 sc0 ls57 ws46\">97.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8b1 y2e13 w35 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff7c fs5 fc7 sc0 ls9 ws1\">(4.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8b2 y2e13 w35 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff7c fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8b3 y2e13 w30 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff7c fs5 fc7 sc0 ls57 ws46\">(22.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8b4 y2e13 w30 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff7c fs5 fc7 sc0 ls57 ws46\">(17.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8b5 y2e13 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff7c fs5 fc7 sc0 ls57 ws46\">2.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8b6 y2e13 w30 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff7c fs5 fc7 sc0 ls57 ws46\">(11.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8b7 y2e13 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff7c fs5 fc7 sc0 ls57 ws46\">2.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8b8 y2e13 w89 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff7c fs5 fc7 sc0 ls57 ws46\">(51.<span class=\"_ _2a\"></span>4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8b9 y2e13 w2e h5a\"><div class=\"t m0 x2bd h39 y2c43 ff7c fs5 fc7 sc0 ls57 ws46\">(612.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bfb w189 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">Deferred consideration payable<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8ba y2bfb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">4.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8bb y2bfb w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(0.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8bc y2bfb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8bd y2bfb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8be y2bfb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8bf y2bfb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8c0 y2bfb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8c1 y2bfb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8c2 y2bfb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8c3 y2bfb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8c4 y2bfb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8c5 y2bfb w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(0.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w29 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">Net debt<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8c6 y2be6 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">4.1.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8a4 y2be6 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(482.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8c7 y2be6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(9.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8c8 y2be6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(4.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8c9 y2be6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8ca y2be6 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(22.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8cb y2be6 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(17.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8cc y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">2.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8cd y2be6 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(11.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8ce y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8cf y2be6 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(54.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8d0 y2be6 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff7c fs5 fc7 sc0 ls57 ws46\">(545.5)<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"gs3e0\"><table class=\"s w18a h85\" id=\"_ffc62b68-197f-47c2-bb4f-e2ff8da82b40\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x8d1 h3a y2e14 ff7d fs8 fc7 sc0 ls58 ws47\">Total </td><td></td></tr><tr><td></td><td></td><td class=\"t m0 x8d2 h3a y2e15 ff7d fs8 fc7 sc0 ls58 ws47\">Net debt at </td><td class=\"t m0 x8d3 h3a y2e16 ff7d fs8 fc7 sc0 ls58 ws47\">Cash flow </td><td></td><td class=\"t m0 x84b h3a y2e16 ff7d fs8 fc7 sc0 ls58 ws47\">Change in </td><td></td><td class=\"t m0 x375 h3a y2e16 ff7d fs8 fc7 sc0 ls9 ws1\">New </td><td class=\"t m0 x36e h3a y2e16 ff7d fs8 fc7 sc0 ls58 ws47\">Lease </td><td class=\"t m0 x8d4 h3a y2e16 ff7d fs8 fc7 sc0 ls58 ws47\">Lease </td><td class=\"t m0 x8d5 h3a y2e16 ff7d fs8 fc7 sc0 ls58 ws47\">Exchange </td><td class=\"t m0 x8d6 h3a y2e16 ff7d fs8 fc7 sc0 ls58 ws47\">Non-cash </td><td class=\"t m0 x8d7 h3a y2e15 ff7d fs8 fc7 sc0 ls58 ws47\">Net debt at </td></tr><tr><td></td><td></td><td class=\"t m0 x4fb h3a y2e17 ff7d fs8 fc7 sc0 ls58 ws47\">1 January </td><td class=\"t m0 x8d8 h3a y2e17 ff7d fs8 fc7 sc0 ls58 ws47\">movements </td><td class=\"t m0 x8d9 h3a y2e17 ff7d fs8 fc7 sc0 ls58 ws47\">Amortisation </td><td class=\"t m0 x8da h3a y2e17 ff7d fs8 fc7 sc0 ls58 ws47\">fair value </td><td class=\"t m0 x8db h3a y2e17 ff7d fs8 fc7 sc0 ls58 ws47\">Interest </td><td class=\"t m0 x84c h3a y2e17 ff7d fs8 fc7 sc0 ls58 ws47\">Leases </td><td class=\"t m0 x8dc h3a y2e17 ff7d fs8 fc7 sc0 ls58 ws47\">terminations </td><td class=\"t m0 x8dd h3a y2e17 ff7d fs8 fc7 sc0 ls58 ws47\">modifications </td><td class=\"t m0 x8de h3a y2e17 ff7d fs8 fc7 sc0 ls58 ws47\">movements </td><td class=\"t m0 x847 h3a y2e17 ff7d fs8 fc7 sc0 ls58 ws47\">movement </td><td class=\"t m0 x57c h3a y2e17 ff7d fs8 fc7 sc0 ls58 ws47\">31 December </td></tr><tr><td class=\"t m0 x2d8 h38 y2e18 ff7d fs5 fc7 sc0 ls57 ws46\">Year ended 31<span class=\"_ gs15\"> </span>December 2022<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x619 h3a y2e19 ff7d fs8 fc7 sc0 ls58 ws47\">Note<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x6fa h3a y2e19 ff7d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x8df h3a y2e19 ff7d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x7a0 h3a y2e19 ff7d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x36b h3a y2e19 ff7d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x8e0 h3a y2e19 ff7d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x8e1 h3a y2e19 ff7d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x856 h3a y2e19 ff7d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x8e2 h3a y2e19 ff7d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x8e3 h3a y2e19 ff7d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x8e4 h3a y2e19 ff7d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x8e5 h3a y2e19 ff7d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2e1a w181 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Cash, cash equivalents and overdrafts<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8e6 y2e1a w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">4.5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8e7 y2e1a w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">101.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8e8 y2e1a w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">75.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8e9 y2e1a w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8ea y2e1a w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8eb y2e1a w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8ec y2e1a w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8ed y2e1a w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8ee y2e1a w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8ef y2e1a w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">0.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8f0 y2e1a w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">0.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8f1 y2e1a w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">177.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e1b w182 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x50c y2e1b w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(513.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8f2 y2e1b w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">236.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8f3 y2e1b w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8f4 y2e1b w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(6.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8f5 y2e1b w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8f6 y2e1b w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8f7 y2e1b w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8f8 y2e1b w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8f9 y2e1b w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(6.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8fa y2e1b w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(12.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8fb y2e1b w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(289.5)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e1c w18b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Unamortised discount on debt issuance<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x8fc y2e1c w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(2.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8fd y2e1c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8fe y2e1c w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">2.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8ff y2e1c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x900 y2e1c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x901 y2e1c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x902 y2e1c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x903 y2e1c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x904 y2e1c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x905 y2e1c w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">2.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x906 y2e1c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e1d w183 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Unamortised transaction costs on debt issuance<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x907 y2e1d w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">2.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x908 y2e1d w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x909 y2e1d w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(3.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x90a y2e1d w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x90b y2e1d w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x90c y2e1d w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x90d y2e1d w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x90e y2e1d w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x90f y2e1d w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x910 y2e1d w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(3.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x911 y2e1d w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">4.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e1e w184 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Carrying value of private placement loan notes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x912 y2e1e w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">4.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x913 y2e1e w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(512.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7d4 y2e1e w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">242.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x914 y2e1e w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(1.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x915 y2e1e w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(6.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x916 y2e1e w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x917 y2e1e w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x918 y2e1e w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x919 y2e1e w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x91a y2e1e w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(6.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x91b y2e1e w89 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(14.<span class=\"_ _2a\"></span>6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x91c y2e1e w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(285.5)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cee w185 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Cross-currency interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x91d y2cee w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">4.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x91e y2cee w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">28.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x91f y2cee w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(10.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x920 y2cee w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x921 y2cee w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">6.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x922 y2cee w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x923 y2cee w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x924 y2cee w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x925 y2cee w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x926 y2cee w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x927 y2cee w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">6.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x928 y2cee w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">24.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e0f w186 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Fair value of private placement loan notes<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x510 y2e0f w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(484.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x929 y2e0f w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">231.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x92a y2e0f w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(1.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x92b y2e0f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x92c y2e0f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x92d y2e0f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x92e y2e0f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x92f y2e0f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x930 y2e0f w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(6.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x931 y2e0f w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(7.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x932 y2e0f w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(260.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf0 w187 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Other finance<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x933 y2cf0 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">4.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x934 y2cf0 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(1.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x935 y2cf0 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">0.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x936 y2cf0 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x937 y2cf0 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x938 y2cf0 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x939 y2cf0 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x93a y2cf0 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x93b y2cf0 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x93c y2cf0 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x93d y2cf0 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x93e y2cf0 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(0.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf1 w18c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Credit facilities<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x93f y2cf1 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(46.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x940 y2cf1 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">46.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x941 y2cf1 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x942 y2cf1 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x943 y2cf1 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x944 y2cf1 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x945 y2cf1 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x946 y2cf1 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x947 y2cf1 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x948 y2cf1 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x949 y2cf1 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf2 w68 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x933 y2cf2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">4.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x94a y2cf2 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(448.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x94b y2cf2 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">84.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x94c y2cf2 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x94d y2cf2 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x94e y2cf2 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(22.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x94f y2cf2 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(15.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x950 y2cf2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">6.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x951 y2cf2 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(0.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x952 y2cf2 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(1.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x953 y2cf2 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(33.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x954 y2cf2 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(397.5)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf3 w18d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">Total net liabilities from financing activities<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x4f4 y2cf3 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(980.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x955 y2cf3 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">362.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x956 y2cf3 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(1.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x957 y2cf3 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x958 y2cf3 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(22.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x959 y2cf3 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(15.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x95a y2cf3 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">6.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x95b y2cf3 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(0.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x95c y2cf3 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(7.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x95d y2cf3 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(41.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x95e y2cf3 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(658.9)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bfb w189 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">Deferred consideration payable<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x95f y2bfb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">4.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x960 y2bfb w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(0.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4f5 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8f3 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x961 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x962 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x963 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x964 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x965 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x966 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x967 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x968 y2bfb w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(0.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w18e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">Net debt<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x969 y2be6 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">4.1.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x50c y2be6 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(879.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8f2 y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">438.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x96a y2be6 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(1.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x96b y2be6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x96c y2be6 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(22.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x5bb y2be6 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(15.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x96d y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">6.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x96e y2be6 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(0.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x96f y2be6 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls9 ws1\">(7.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x970 y2be6 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(40.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x971 y2be6 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff7d fs5 fc7 sc0 ls57 ws46\">(482.4)<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ff7d fs5 fc7 sc0 ls9 ws1 gs3e1\">Overdrafts comprise the aggregate value of overdrawn bank account b<span class=\"_ _1\"></span>alances within the Group\u2019s notional interest pooling arrangements. These aggregate overdrawn amounts are fully offse<span class=\"_ _1\"></span>t by surplus balances within </div><div class=\"t m0 h38 ff7d fs5 fc7 sc0 ls57 ws46 gs3e2\">the same notional pooling arrangements.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff7d fs5 fc7 sc0 ls9 ws1 gs3e3\">At <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span>, the Group\u2019s <span class=\"ls57 ws46\">\u00a3260.7m</span> committed revolving credit facility was undrawn (<span class=\"_ _1\"></span><span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2022: undrawn)<span class=\"ls9 ws1\">.<span class=\"_ _2b5\"> </span></span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCashFlowStatementExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-461": {
   "value": "Accounting policies<span class=\"_ _2b5\"> </span>Cash and short-term deposits in the balance sheet comprise cash at ba<span class=\"_ _1\"></span>nk and in-hand and short-term deposits with an original maturity of three months or less. In the consolidated cash flow statement, cash<span class=\"_ _1\"></span> and cash equivalents consist of cash and short-term deposits net of outstanding<span class=\"_ _1\"></span> bank overdrafts and include cash and overdrafts within disposal group assets and liabilities held for sale. Cash at bank earns in<span class=\"_ _1\"></span>terest at fixed and floating rates based on prevailing bank deposit rates.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyToDetermineComponentsOfCashAndCashEquivalents",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-449": {
   "value": "Accounting policies<span class=\"_ _2b5\"> </span>Cash and short-term deposits in the balance sheet comprise cash at ba<span class=\"_ _1\"></span>nk and in-hand and short-term deposits with an original maturity of three months or less. In the consolidated cash flow statement, cash<span class=\"_ _1\"></span> and cash equivalents consist of cash and short-term deposits net of outstanding<span class=\"_ _1\"></span> bank overdrafts and include cash and overdrafts within disposal group assets and liabilities held for sale. Cash at bank earns in<span class=\"_ _1\"></span>terest at fixed and floating rates based on prevailing bank deposit rates.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForCashFlowsExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-478": {
   "value": "3.1 Working capital<span class=\"_ _2b5\"> </span>3.1.1 Trade and other receivables<span class=\"_ _2b5\"> </span>Accounting policies<span class=\"_ _2b5\"> </span>Trade receivables: <span class=\"ff81 ls9 ws1\">Trade receivables are initially recognised at cost (being the same as fair valu<span class=\"_ _1\"></span>e) and </span>subsequently at amortised cost less any provision for impairment, to ensure th<span class=\"_ _1\"></span>e amounts recognised represent their recoverable amount.<span class=\"_ _2b5\"> </span>Impairment:<span class=\"ff81\"> For trade receivables, the Group applies the simplified a<span class=\"_ _1\"></span>pproach permitted by IFRS<span class=\"_ gs15\"> </span>9 </span>Financial Instruments<span class=\"ff81 ls9 ws1\">, resulting in trade receivables recognised and carried at original invoice amoun<span class=\"_ _1\"></span>t less </span>an allowance for any uncollectible amounts based on expected cre<span class=\"_ _1\"></span>dit losses. Where the carrying amount of an asset exceeds its recoverable amount, the asset is considered impaire<span class=\"_ _1\"></span>d and is written down to its recoverable amount.<span class=\"_ _2b5\"> </span>The Group monitors the level of trade receivables on a monthly basis, co<span class=\"_ _1\"></span>ntinually assessing the risk of default by any counterparty. Each customer has an external credit score wh<span class=\"_ _1\"></span>ich determines the level of credit provided.<span class=\"_ _2b5\"> </span>Derecognition:<span class=\"ff81 ls9 ws1\"> A financial asset (or, where applicable, a part of a financial asset or part of a gro<span class=\"_ _1\"></span>up of </span>similar financial assets) is derecognised (ie removed from the Group\u2019s consolidate<span class=\"_ _1\"></span>d balance sheet) when (i) the rights to receive the cash flows from the asset have expired; or, (ii) the Group h<span class=\"_ _1\"></span>as transferred its right to receive cash flows from the asset or has assumed an obligation to pay the<span class=\"_ _1\"></span> received cash flows in full without material delay to a third party under a \u2018pass-through\u2019 arrang<span class=\"_ _1\"></span>ement; and either (a) the Group has transferred substantially all the risk and rewards of the asset; or, (b) the Group<span class=\"_ _1\"></span> has neither transferred nor retained substantially all the risks and rewards of the asset, but has transfe<span class=\"_ _1\"></span>rred control of the asset.<span class=\"_ _2b5\"> </span>Trade receivables that are sold without recourse are derecognise<span class=\"_ _1\"></span>d at the point of sale when the risks and rewards of the receivables have been fully transferred.<span class=\"_ _2b5\"> </span>Accrued income: <span class=\"ff81 ls9 ws1\">Accrued income in relation to contract assets is recognised when payments receive<span class=\"_ _1\"></span>d </span>from customers are less than the revenue recognised by the balance<span class=\"_ _1\"></span> sheet date.<span class=\"_ _2b5\"> </span><table class=\"s w53 h88\" id=\"_49bff0a3-ffc1-4e71-81c8-6e655690c934\"><tr><td></td><td></td><td class=\"c n x9a3 y2e2b w196 h69\"><div class=\"t m0 x2bd h3b y2d37 ff80 fs8 fc7 sc0 ls58 ws47\">Current<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x9a4 y2e2b w197 h69\"><div class=\"t m0 x2bd h3b y2d37 ff80 fs8 fc7 sc0 ls58 ws47\">Non-current<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x7a6 h3b y2e2c ff80 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x833 h3a y2e2d ff81 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x307 h3b y2e2c ff80 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y2e2d ff81 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x834 h3b y2e2e ff80 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x617 h3a y2e2e ff81 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30a h3b y2e2e ff80 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2e2e ff81 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2e2f w198 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">Trade receivables<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9a5 y2e2f w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">126.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9a6 y2e2f w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">149.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9a7 y2e2f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9a8 y2e2f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2e30 ff81 fs5 fc7 sc0 ls9 ws1\">Other receivables<span class=\"_ _2b5\"> </span></td><td class=\"c n x9a9 y2e31 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">15.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9aa y2e31 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">23.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ab y2e31 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">4.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ac y2e31 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">5.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e11 w169 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Other taxes and social security<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ad y2e11 w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">2.<span class=\"_ _2a\"></span>3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ae y2e11 w49 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">9.<span class=\"_ _2a\"></span>6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9af y2e11 w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">1.<span class=\"_ _2a\"></span>0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b0 y2e11 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2e32 ff81 fs5 fc7 sc0 ls9 ws1\">Current contract fulfilment assets<span class=\"_ _2b5\"> </span></td><td class=\"c n x9a9 y2e12 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">13.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9aa y2e12 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">10.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b1 y2e12 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b2 y2e12 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bf8 w5b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Accrued income<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b3 y2bf8 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">138.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b4 y2bf8 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">179.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b5 y2bf8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x798 y2bf8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bfb w166 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">Prepayments<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b6 y2bfb w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">54.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b7 y2bfb w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">58.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b8 y2bfb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">7.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b9 y2bfb w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">10.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x9ba y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">350.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9bb y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">430.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9bc y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">12.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9bd y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">15.8<span class=\"_ _2b5\"> </span></div></td></tr></table>1<span class=\"_ _2b5\"> </span>2<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span>Other receivables includes \u00a30.3m (2022: \u00a30.4m) of accrued interest on cross-currency interest rate swaps.<span class=\"_ _2b5\"> </span>2.<span class=\"_ _9\"> </span>Refer to note 3.1.3 for non-current contract fulfilment assets.<span class=\"_ _2b5\"> </span>Trade receivables are non-interest bearing and generally on 30-day terms.<span class=\"_ _2b5\"> </span><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls9 ws1 gs3fd\">The Group\u2019s accrued income balances solely relate to revenue from co<span class=\"_ _1\"></span>ntracts with customers. Movements </div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls9 ws1 gs3fe\">in the accrued income balances were driven by transactions entered in<span class=\"_ _1\"></span>to by the Group in the normal course </div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls9 ws1 gs3ff\">of business during the year.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls9 ws1 gs400\">Movements in the loss allowance made against receivables were as follows:<span class=\"_ _2b5\"> </span></div><div class=\"gs401\"><table class=\"s w199 h89\" id=\"_02a8164f-7add-48c1-a23d-f00b8e090b8a\"><tr><td></td><td class=\"t m0 x344 h3b y2e33 ff80 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x345 h3a y2e34 ff81 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x347 h3b y2e35 ff80 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2e35 ff81 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2e2f w19a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x516 y2e2f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">29.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x517 y2e2f w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">19.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e31 w19b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Utilised<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9be y2e31 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls9 ws1\">(1.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9bf y2e31 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">(4.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e11 w19c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Provided in the year<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c0 y2e11 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">4.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c1 y2e11 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">15.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e12 w19d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">Released in the year<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c2 y2e12 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">(25.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c3 y2e12 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e29 w19e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Business disposal<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c4 y2e29 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls9 ws1\">(1.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c5 y2e29 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">(1.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2e36 ff81 fs5 fc7 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2b5\"> </span></td><td class=\"c n x9c6 y2bfb w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls9 ws1\">(1.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c7 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w154 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">At 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c8 y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">5.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x707 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">29.7<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h3e ff81 fs1c fc7 sc0 ls9 ws1 gs402\">1<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3a ff81 fs8 fc7 sc0 ls58 ws47 gs403\">1.<span class=\"_ _9\"> </span>Transfers to disposal group assets held for sale in the year ended 31<span class=\"_ gs234\"> </span>December 2023 represent amounts transferred at 30<span class=\"_ gs234\"> </span>June 2023 and </div><div class=\"t m0 h3a ff81 fs8 fc7 sc0 ls58 ws47 gs404\">subsequently sold during the second half of the year.<span class=\"_ _2b5\"> </span></div><div class=\"gs405\"><table class=\"s w19f h8a\" id=\"_79e52447-3173-4fef-b00e-0b4010a488b8\"><tr><td></td><td class=\"t m0 x344 h3b y2e2c ff80 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x345 h3a y2e2d ff81 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h3a y2e37 ff81 fs8 fc7 sc0 ls58 ws47\">Ageing of trade receivables<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x347 h3b y2e37 ff80 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2e37 ff81 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2e2f w1a0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">Not due<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x44e y2e2f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">79.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x44f y2e2f w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">118.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e31 w1a1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Overdue by less than three months<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x704 y2e31 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">19.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x705 y2e31 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">26.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e11 w1a2 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">Overdue between three and six months<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x413 y2e11 w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">4.<span class=\"_ _2a\"></span>9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c9 y2e11 w49 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">6.<span class=\"_ _2a\"></span>3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e12 w17d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Overdue between six and twelve months<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x791 y2e12 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ca y2e12 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">9.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c x2be y2bf8 w1a3 h8b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Overdue more than twelve months</div><div class=\"t m0 x9cb h3e y2e38 ff81 fs1c fc7 sc0 ls9 ws1\">1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9cc y2bf8 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">23.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9cd y2bf8 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">18.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2e39 ff81 fs5 fc7 sc0 ls9 ws1\">Allowance for doubtful debts<span class=\"_ _2b5\"> </span></td><td class=\"c n x9c6 y2bfb w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls9 ws1\">(5.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ce y2bfb w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">(29.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x353 y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">126.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x354 y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">149.9<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h3e ff81 fs1c fc7 sc0 ls9 ws1 gs406\">1<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3a ff81 fs8 fc7 sc0 ls58 ws47 gs407\">1.<span class=\"_ _9\"> </span>The increase in amounts overdue by more than twelve months and the decrease in the allowance for doubtful debts primarily relate to a </div><div class=\"t m0 h3a ff81 fs8 fc7 sc0 ls58 ws47 gs408\">commercial settlement in the closed book Life &amp; Pensions business which will not be received until a future date.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls9 ws1 gs409\">Under the simplified approach permitted by IFRS<span class=\"_ gs15\"> </span>9, all invoices <span class=\"_ _1\"></span>six months or more past due are fully </div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls9 ws1 gs40a\">provided for unless there is a specific confirmation from the customer that the in<span class=\"_ _1\"></span>voice will be settled during </div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls9 ws1 gs40b\">the following month, or there are specific circumstances such that recognition<span class=\"_ _1\"></span> of a provision is not </div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls9 ws1 gs40c\">appropriate. Additionally, any other invoices where the customer relatio<span class=\"_ _1\"></span>nship manager has identified </div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls9 ws1 gs40d\">significant financial problems which mean that customer is unlikely to pay the in<span class=\"_ _1\"></span>voice in the near future are </div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls9 ws1 gs40e\">also provided for. No material amounts receivable were renegotiated<span class=\"_ _1\"></span> such that they were not past due at </div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls57 ws46 gs40f\">the balance sheet date.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls9 ws1 gs410\">The Group trades only with third parties that are expected to be cred<span class=\"_ _1\"></span>itworthy. It is the Group\u2019s policy that all </div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls9 ws1 gs411\">clients who wish to trade on credit terms are subject to credit verification procedu<span class=\"_ _1\"></span>res. The Group manages </div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls9 ws1 gs412\">its operations to avoid any excessive concentration of counterparty risk an<span class=\"_ _1\"></span>d the Group takes all reasonable </div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls9 ws1 gs413\">steps to seek assurance from the counterparties that they can fulfil their ob<span class=\"_ _1\"></span>ligations. In addition, receivable </div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls9 ws1 gs414\">balances are monitored on an ongoing basis with the result that th<span class=\"_ _1\"></span>e Group\u2019s exposure t</div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls9 ws1 gs415\">o credit loss remains </div><div class=\"t m0 h38 ff81 fs5 fc7 sc0 ls9 ws1 gs416\">low.<span class=\"_ _2b5\"> </span></div>Non-recourse trade receivable financing<span class=\"_ _2b5\"> </span>The value of invoices sold under the UK non-recourse trade receiva<span class=\"_ _1\"></span>bles financing <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span> was \u00a323.7m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a336.9m<span class=\"ls9 ws1\">). Additionally, in Germany the Group uses a non-recourse trade receivable<span class=\"_ _1\"></span> financing </span>arrangement for two specific customer contracts, the value of invoices sold und<span class=\"_ _1\"></span>er that arrangement at 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> was </span>\u00a311.5m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a37.5m<span class=\"ls9 ws1\">).<span class=\"_ _2b5\"> </span></span>The cost of selling such invoices totalled <span class=\"ls57 ws46\">\u00a33.7m</span> (<span class=\"ls57 ws46\">2022</span>: \u00a30.8m) a<span class=\"_ _1\"></span>nd was included in net finance expense in the consolidated income statement (2022: administrative expenses).<span class=\"_ _2b5\"> </span>3.1.2 Trade and other payables<span class=\"_ _2b5\"> </span><table class=\"s w53 h8c\" id=\"_83b2b9fc-24cf-4a80-a777-6cd4ba99f181\"><tr><td></td><td></td><td class=\"c n x9a3 y2e3a w196 h69\"><div class=\"t m0 x2bd h3b y2d37 ff83 fs8 fc7 sc0 ls58 ws47\">Current<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x9a4 y2e3a w197 h69\"><div class=\"t m0 x2bd h3b y2d37 ff83 fs8 fc7 sc0 ls58 ws47\">Non-current<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x7a6 h3b y2e3b ff83 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x833 h3a y2e3b ff84 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x307 h3b y2e3b ff83 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x308 h3a y2e3b ff84 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x834 h3b y2e3c ff83 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x617 h3a y2e3c ff84 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30a h3b y2e3c ff83 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2e3c ff84 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2cf1 w1a4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">Trade payables<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b3 y2cf1 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">164.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b4 y2cf1 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">134.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9cf y2cf1 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d0 y2cf1 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf2 w1a5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">Other payables<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b6 y2cf2 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">27.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b7 y2cf2 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">32.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b8 y2cf2 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">6.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d1 y2cf2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">6.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf3 w169 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls9 ws1\">Other taxes and social security<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d2 y2cf3 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">74.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d3 y2cf3 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">85.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d4 y2cf3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d5 y2cf3 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">6.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d32 w57 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls9 ws1\">Accruals<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d6 y2d32 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">159.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d7 y2d32 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">239.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d8 y2d32 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d9 y2d32 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">2.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x9ba y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">425.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9bb y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">492.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9da y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">8.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9db y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">15.1<span class=\"_ _2b5\"> </span></div></td></tr></table>3.1.3 <span class=\"ls9 ws1\">Contract fulfilment asset</span>s (non-current)<span class=\"_ _2b5\"> </span>Accounting policies<span class=\"_ _2b5\"> </span>The Group regularly incurs costs to deliver its outsourcing services in a more efficie<span class=\"_ _1\"></span>nt way (often referred to as \u2018transformation\u2019 costs). These costs may include process mapping and desig<span class=\"_ _1\"></span>n, system development, project management, hardware (generally within the scope of the Gro<span class=\"_ _1\"></span>up\u2019s accounting policy for property, plant and equipment), software licence costs (generally within the scope<span class=\"_ _1\"></span> of the Group\u2019s accounting policy for intangible assets), recruitment costs and training.<span class=\"_ _2b5\"> </span>Contract fulfilment costs are divided into: (i) costs that give rise to an asset; and (ii) costs th<span class=\"_ _1\"></span>at are expensed as incurred.<span class=\"_ _2b5\"> </span>When determining the appropriate accounting treatment for such co<span class=\"_ _1\"></span>sts, the Group firstly considers any other applicable standards. If those other standards preclude ca<span class=\"_ _1\"></span>pitalisation of a particular cost, then an asset is not recognised under IFRS<span class=\"_ gs15\"> </span>15 <span class=\"ff85\">Revenue fro<span class=\"_ _1\"></span>m Contracts with Customers<span class=\"ff84\">.<span class=\"_ _2b5\"> </span></span></span>If other standards are not applicable to contract fulfilment costs, the Group<span class=\"_ _1\"></span> applies the following criteria which, if met, result in capitalisation of costs that: (i) directly relate to a contract or to a spe<span class=\"_ _1\"></span>cifically identifiable anticipated contract; (ii) generate or enhance resou<span class=\"_ _1\"></span>rces that will be used in satisfying (or in continuing to satisfy) performance obligations in the future; and (iii) are e<span class=\"_ _1\"></span>xpected to be recovered.<span class=\"_ _2b5\"> </span>The Group has determined that, where the relevant specific criteria are me<span class=\"_ _1\"></span>t, the costs for (i) process mapping and design; (ii) system development; and (iii) project manage<span class=\"_ _1\"></span>ment; are likely to qualify to be capitalised as contract fulfilment assets.<span class=\"_ _2b5\"> </span>The incremental costs of obtaining a contract with a customer are recogn<span class=\"_ _1\"></span>ised as a contract fulfilment asset if the Group expects to recover them. The Group incurs costs such as bid costs, lega<span class=\"_ _1\"></span>l fees to draft a contract and sales commissions when it enters into a new contract.<span class=\"_ _2b5\"> </span>The Group has determined that the following costs may be capitalised a<span class=\"_ _1\"></span>s contract fulfilment assets: (i) legal fees to draft a contract after the Group has been selected as preferre<span class=\"_ _1\"></span>d supplier; and (ii) sales commissions directly related to winning a specific contract.<span class=\"_ _2b5\"> </span>Costs incurred prior to selection as preferred supplier are not capitalised<span class=\"_ _1\"></span> but expensed when incurred.<span class=\"_ _2b5\"> </span>Utilisation:<span class=\"ff84\"> The utilisation charge is included within cost of sales. Th<span class=\"_ _1\"></span>e Group utilises non-current contract </span>fulfilment assets over the expected contract period on a systematic basis that mirro<span class=\"_ _1\"></span>rs the pattern in which the Group transfers control of the service to the customer.<span class=\"_ _2b5\"> </span>Derecognition: <span class=\"ff84 ls9 ws1\">A non-current contract fulfilment asset is derecognised either when it is disposed<span class=\"_ _1\"></span> of or </span>when no further economic benefits are expected to flow from its use or disp<span class=\"_ _1\"></span>osal.<span class=\"_ _2b5\"> </span>Impairment:<span class=\"ff84\"> At each balance sheet date, the Group determines wh<span class=\"_ _1\"></span>ether or not the non-current contract </span>fulfilment assets are impaired by comparing the carrying amount of the asset with<span class=\"_ _1\"></span> the remaining amount of consideration that the Group expects to receive less the costs that relate to<span class=\"_ _1\"></span> providing services under the relevant contract. In determining the estimated amount of consideratio<span class=\"_ _1\"></span>n, the Group uses the same principles as it does to determine the contract transaction price, except tha<span class=\"_ _1\"></span>t any constraints used to reduce the transaction price are removed for the impairment test.<span class=\"_ _2b5\"> </span>Significant accounting judgements<span class=\"_ _2b5\"> </span>Judgement is applied by the Group when determining what costs qua<span class=\"_ _1\"></span>lify to be capitalised, in particular when considering whether these costs are incremental and when conside<span class=\"_ _1\"></span>ring if costs generate or enhance resources to be used to satisfy future performance obligations and wh<span class=\"_ _1\"></span>ether costs are expected to be recoverable. For example, the Group considers which type of sales commission<span class=\"_ _1\"></span>s are incremental to the cost of obtaining specific contracts and the point in time when the costs will be cap<span class=\"_ _1\"></span>italised. See note<span class=\"_ gs15\"> </span>2.1 for further information.<span class=\"_ _2b5\"> </span>Movements in non-current contract fulfilment assets were as follows<span class=\"_ _2b5\"> </span>1<span class=\"_ _2b5\"> </span>:<span class=\"_ _2b5\"> </span><table class=\"s w1a6 h8d\" id=\"_198cf740-0836-4aae-8497-2cd546c20604\"><tr><td></td><td class=\"t m0 x307 h3b y2e3d ff86 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y2e3d ff87 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x30a h3b y2e3e ff86 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2e3e ff87 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2e3f w19a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9dc y2e3f w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff86 fs5 fc7 sc0 ls57 ws46\">263.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9dd y2e3f w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls57 ws46\">286.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2e40 ff87 fs5 fc7 sc0 ls9 ws1\">Impact of change in accounting standards \u2013 amendments to IAS<span class=\"_ gs15\"> </span>37<span class=\"_ _2b5\"> </span></td><td class=\"c n x9de y2e41 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff86 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9df y2e41 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">(2.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2e42 ff87 fs5 fc7 sc0 ls57 ws46\">At 1<span class=\"_ gs15\"> </span>January 2022 on adoption of IAS<span class=\"_ gs15\"> </span>37<span class=\"_ _2b5\"> </span></td><td class=\"c n x330 y2e43 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff86 fs5 fc7 sc0 ls57 ws46\">263.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x331 y2e43 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls57 ws46\">284.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e44 w1a7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls57 ws46\">Additions<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x34c y2e44 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff86 fs5 fc7 sc0 ls57 ws46\">79.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e0 y2e44 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls57 ws46\">67.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2e45 ff87 fs5 fc7 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2b5\"> </span></td><td class=\"c n x9e1 y2e46 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff86 fs5 fc7 sc0 ls9 ws1\">(0.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e2 y2e46 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e47 w1a8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e3 y2e47 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff86 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e4 y2e47 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">(2.8)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e48 w1a9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">Impairment - included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x76c y2e48 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff86 fs5 fc7 sc0 ls9 ws1\">(3.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x76d y2e48 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">(3.8)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cef w1aa h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">Impairment - included in business exits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e5 y2cef w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff86 fs5 fc7 sc0 ls9 ws1\">(0.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x78f y2cef w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf0 w176 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">Derecognition - included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e6 y2cf0 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff86 fs5 fc7 sc0 ls9 ws1\">(4.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e7 y2cf0 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">(0.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf1 w10e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">Derecognition - included in business exits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e8 y2cf1 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff86 fs5 fc7 sc0 ls9 ws1\">(8.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e9 y2cf1 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e12 w1ab h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">Utilisation - included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x76e y2e12 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff86 fs5 fc7 sc0 ls57 ws46\">(68.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ea y2e12 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls57 ws46\">(79.3)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bf8 w1ac h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">Utilisation - included in business exits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e5 y2bf8 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff86 fs5 fc7 sc0 ls9 ws1\">(0.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9eb y2bf8 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">(2.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bfb w1ad h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ec y2bfb w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff86 fs5 fc7 sc0 ls9 ws1\">(0.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d1 y2bfb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w154 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls9 ws1\">At 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ed y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff86 fs5 fc7 sc0 ls57 ws46\">257.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x311 y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff87 fs5 fc7 sc0 ls57 ws46\">263.0<span class=\"_ _2b5\"> </span></div></td></tr></table>2<span class=\"_ _2b5\"> </span>3<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span>Refer to note<span class=\"_ gs234\"> </span>3.1.1 for current contract fulfilment assets.<span class=\"_ _2b5\"> </span>2.<span class=\"_ _9\"> </span>The Group initially applied the amendments to IAS<span class=\"_ gs234\"> </span>37 at 1<span class=\"_ gs234\"> </span>January 2022 and the cumulative effect of applying the amendments was recognised as an opening balance adjustment to retained earnings.<span class=\"_ _2b5\"> </span>3.<span class=\"_ _9\"> </span>Transfers to disposal group assets held for sale in the year ended 31<span class=\"_ gs234\"> </span>December 2023 includes \u00a30.9m that was transferred at 30<span class=\"_ gs234\"> </span>June 2023 and subsequently sold during the second half of the year.<span class=\"_ _2b5\"> </span>Impairment: <span class=\"ff87 ls57 ws46\">In 2023</span><span class=\"ff87\">, the Group recognised an impairment o<span class=\"_ _1\"></span>f <span class=\"ls57 ws46\">\u00a33.4m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a33.8m</span>) in cost of sales, of </span>which, <span class=\"ls57 ws46\">\u00a3nil</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a30.5m</span>) relates to contract fulfilment assets added during the year.<span class=\"_ _2b5\"> </span>Derecognition:<span class=\"ff87 fc6 ls9 ws1\"> </span><span class=\"ff87\">In 2023<span class=\"ls9 ws1\">, </span>\u00a312.3m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a30.4m<span class=\"ls9 ws1\">) was derecognised, primarily in relation to a contract in </span></span>Capita Public Service following the termination of a customer contract and the<span class=\"_ _1\"></span> Group having no further use for the assets (<span class=\"ls57 ws46\">\u00a38.2m</span>). Subsequently the Group decided to exit the busin<span class=\"_ _1\"></span>ess this contract was within and therefore the derecognition of the contract fulfilment asset has bee<span class=\"_ _1\"></span>n included within business exits (refer to note<span class=\"_ gs15\"> </span>2.8). In <span class=\"ls57 ws46\">2022</span> the derecognition related to a contract in Cap<span class=\"_ _1\"></span>ita Experience where the scope of services changed due to termination of contracts and the Group had n<span class=\"_ _1\"></span>o further use for the assets.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "capitaplc:DisclosureOfWorkingCapital",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-523": {
   "value": "3.1.1 Trade and other receivables<span class=\"_ _2b5\"> </span>Accounting policies<span class=\"_ _2b5\"> </span>Trade receivables: <span class=\"ff81 ls9 ws1\">Trade receivables are initially recognised at cost (being the same as fair valu<span class=\"_ _1\"></span>e) and </span>subsequently at amortised cost less any provision for impairment, to ensure th<span class=\"_ _1\"></span>e amounts recognised represent their recoverable amount.<span class=\"_ _2b5\"> </span>Impairment:<span class=\"ff81\"> For trade receivables, the Group applies the simplified a<span class=\"_ _1\"></span>pproach permitted by IFRS<span class=\"_ gs15\"> </span>9 </span>Financial Instruments<span class=\"ff81 ls9 ws1\">, resulting in trade receivables recognised and carried at original invoice amoun<span class=\"_ _1\"></span>t less </span>an allowance for any uncollectible amounts based on expected cre<span class=\"_ _1\"></span>dit losses. Where the carrying amount of an asset exceeds its recoverable amount, the asset is considered impaire<span class=\"_ _1\"></span>d and is written down to its recoverable amount.<span class=\"_ _2b5\"> </span>The Group monitors the level of trade receivables on a monthly basis, co<span class=\"_ _1\"></span>ntinually assessing the risk of default by any counterparty. Each customer has an external credit score wh<span class=\"_ _1\"></span>ich determines the level of credit provided.<span class=\"_ _2b5\"> </span>Derecognition:<span class=\"ff81 ls9 ws1\"> A financial asset (or, where applicable, a part of a financial asset or part of a gro<span class=\"_ _1\"></span>up of </span>similar financial assets) is derecognised (ie removed from the Group\u2019s consolidate<span class=\"_ _1\"></span>d balance sheet) when (i) the rights to receive the cash flows from the asset have expired; or, (ii) the Group h<span class=\"_ _1\"></span>as transferred its right to receive cash flows from the asset or has assumed an obligation to pay the<span class=\"_ _1\"></span> received cash flows in full without material delay to a third party under a \u2018pass-through\u2019 arrang<span class=\"_ _1\"></span>ement; and either (a) the Group has transferred substantially all the risk and rewards of the asset; or, (b) the Group<span class=\"_ _1\"></span> has neither transferred nor retained substantially all the risks and rewards of the asset, but has transfe<span class=\"_ _1\"></span>rred control of the asset.<span class=\"_ _2b5\"> </span>Trade receivables that are sold without recourse are derecognise<span class=\"_ _1\"></span>d at the point of sale when the risks and rewards of the receivables have been fully transferred.<span class=\"_ _2b5\"> </span>Accrued income: <span class=\"ff81 ls9 ws1\">Accrued income in relation to contract assets is recognised when payments receive<span class=\"_ _1\"></span>d </span>from customers are less than the revenue recognised by the balance<span class=\"_ _1\"></span> sheet date.<span class=\"_ _2b5\"> </span><table class=\"s w53 h88\" id=\"_49bff0a3-ffc1-4e71-81c8-6e655690c934\"><tr><td></td><td></td><td class=\"c n x9a3 y2e2b w196 h69\"><div class=\"t m0 x2bd h3b y2d37 ff80 fs8 fc7 sc0 ls58 ws47\">Current<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x9a4 y2e2b w197 h69\"><div class=\"t m0 x2bd h3b y2d37 ff80 fs8 fc7 sc0 ls58 ws47\">Non-current<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x7a6 h3b y2e2c ff80 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x833 h3a y2e2d ff81 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x307 h3b y2e2c ff80 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y2e2d ff81 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x834 h3b y2e2e ff80 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x617 h3a y2e2e ff81 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30a h3b y2e2e ff80 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2e2e ff81 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2e2f w198 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">Trade receivables<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9a5 y2e2f w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">126.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9a6 y2e2f w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">149.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9a7 y2e2f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9a8 y2e2f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2e30 ff81 fs5 fc7 sc0 ls9 ws1\">Other receivables<span class=\"_ _2b5\"> </span></td><td class=\"c n x9a9 y2e31 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">15.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9aa y2e31 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">23.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ab y2e31 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">4.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ac y2e31 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">5.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e11 w169 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Other taxes and social security<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ad y2e11 w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">2.<span class=\"_ _2a\"></span>3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ae y2e11 w49 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">9.<span class=\"_ _2a\"></span>6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9af y2e11 w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">1.<span class=\"_ _2a\"></span>0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b0 y2e11 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2e32 ff81 fs5 fc7 sc0 ls9 ws1\">Current contract fulfilment assets<span class=\"_ _2b5\"> </span></td><td class=\"c n x9a9 y2e12 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">13.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9aa y2e12 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">10.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b1 y2e12 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b2 y2e12 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bf8 w5b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Accrued income<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b3 y2bf8 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">138.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b4 y2bf8 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">179.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b5 y2bf8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x798 y2bf8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bfb w166 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">Prepayments<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b6 y2bfb w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">54.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b7 y2bfb w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">58.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b8 y2bfb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">7.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b9 y2bfb w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">10.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x9ba y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">350.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9bb y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">430.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9bc y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">12.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9bd y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">15.8<span class=\"_ _2b5\"> </span></div></td></tr></table>1<span class=\"_ _2b5\"> </span>2<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span>Other receivables includes \u00a30.3m (2022: \u00a30.4m) of accrued interest on cross-currency interest rate swaps.<span class=\"_ _2b5\"> </span>2.<span class=\"_ _9\"> </span>Refer to note 3.1.3 for non-current contract fulfilment assets.<span class=\"_ _2b5\"> </span>Trade receivables are non-interest bearing and generally on 30-day terms.<span class=\"_ _2b5\"> </span>The Group\u2019s accrued income balances solely relate to revenue from co<span class=\"_ _1\"></span>ntracts with customers. Movements in the accrued income balances were driven by transactions entered in<span class=\"_ _1\"></span>to by the Group in the normal course of business during the year.<span class=\"_ _2b5\"> </span>Movements in the loss allowance made against receivables were as follows:<span class=\"_ _2b5\"> </span><table class=\"s w199 h89\" id=\"_02a8164f-7add-48c1-a23d-f00b8e090b8a\"><tr><td></td><td class=\"t m0 x344 h3b y2e33 ff80 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x345 h3a y2e34 ff81 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x347 h3b y2e35 ff80 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2e35 ff81 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2e2f w19a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x516 y2e2f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">29.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x517 y2e2f w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">19.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e31 w19b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Utilised<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9be y2e31 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls9 ws1\">(1.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9bf y2e31 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">(4.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e11 w19c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Provided in the year<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c0 y2e11 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">4.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c1 y2e11 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">15.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e12 w19d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">Released in the year<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c2 y2e12 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">(25.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c3 y2e12 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e29 w19e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Business disposal<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c4 y2e29 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls9 ws1\">(1.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c5 y2e29 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">(1.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2e36 ff81 fs5 fc7 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2b5\"> </span></td><td class=\"c n x9c6 y2bfb w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls9 ws1\">(1.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c7 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w154 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">At 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c8 y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">5.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x707 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">29.7<span class=\"_ _2b5\"> </span></div></td></tr></table>1<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span>Transfers to disposal group assets held for sale in the year ended 31<span class=\"_ gs234\"> </span>December 2023 represent amounts transferred at 30<span class=\"_ gs234\"> </span>June 2023 and subsequently sold during the second half of the year.<span class=\"_ _2b5\"> </span><table class=\"s w19f h8a\" id=\"_79e52447-3173-4fef-b00e-0b4010a488b8\"><tr><td></td><td class=\"t m0 x344 h3b y2e2c ff80 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x345 h3a y2e2d ff81 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h3a y2e37 ff81 fs8 fc7 sc0 ls58 ws47\">Ageing of trade receivables<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x347 h3b y2e37 ff80 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2e37 ff81 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2e2f w1a0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">Not due<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x44e y2e2f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">79.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x44f y2e2f w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">118.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e31 w1a1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Overdue by less than three months<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x704 y2e31 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">19.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x705 y2e31 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">26.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e11 w1a2 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">Overdue between three and six months<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x413 y2e11 w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">4.<span class=\"_ _2a\"></span>9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c9 y2e11 w49 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">6.<span class=\"_ _2a\"></span>3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e12 w17d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Overdue between six and twelve months<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x791 y2e12 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ca y2e12 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">9.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c x2be y2bf8 w1a3 h8b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Overdue more than twelve months</div><div class=\"t m0 x9cb h3e y2e38 ff81 fs1c fc7 sc0 ls9 ws1\">1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9cc y2bf8 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">23.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9cd y2bf8 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">18.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2e39 ff81 fs5 fc7 sc0 ls9 ws1\">Allowance for doubtful debts<span class=\"_ _2b5\"> </span></td><td class=\"c n x9c6 y2bfb w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls9 ws1\">(5.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ce y2bfb w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">(29.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x353 y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">126.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x354 y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">149.9<span class=\"_ _2b5\"> </span></div></td></tr></table>1<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span>The increase in amounts overdue by more than twelve months and the decrease in the allowance for doubtful debts primarily relate to a commercial settlement in the closed book Life &amp; Pensions business which will not be received until a future date.<span class=\"_ _2b5\"> </span>Under the simplified approach permitted by IFRS<span class=\"_ gs15\"> </span>9, all invoices <span class=\"_ _1\"></span>six months or more past due are fully provided for unless there is a specific confirmation from the customer that the in<span class=\"_ _1\"></span>voice will be settled during the following month, or there are specific circumstances such that recognition<span class=\"_ _1\"></span> of a provision is not appropriate. Additionally, any other invoices where the customer relatio<span class=\"_ _1\"></span>nship manager has identified significant financial problems which mean that customer is unlikely to pay the in<span class=\"_ _1\"></span>voice in the near future are also provided for. No material amounts receivable were renegotiated<span class=\"_ _1\"></span> such that they were not past due at the balance sheet date.<span class=\"_ _2b5\"> </span>The Group trades only with third parties that are expected to be cred<span class=\"_ _1\"></span>itworthy. It is the Group\u2019s policy that all clients who wish to trade on credit terms are subject to credit verification procedu<span class=\"_ _1\"></span>res. The Group manages its operations to avoid any excessive concentration of counterparty risk an<span class=\"_ _1\"></span>d the Group takes all reasonable steps to seek assurance from the counterparties that they can fulfil their ob<span class=\"_ _1\"></span>ligations. In addition, receivable balances are monitored on an ongoing basis with the result that th<span class=\"_ _1\"></span>e Group\u2019s exposure to credit loss remains low.<span class=\"_ _2b5\"> </span>Non-recourse trade receivable financing<span class=\"_ _2b5\"> </span>The value of invoices sold under the UK non-recourse trade receiva<span class=\"_ _1\"></span>bles financing <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span> was \u00a323.7m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a336.9m<span class=\"ls9 ws1\">). Additionally, in Germany the Group uses a non-recourse trade receivable<span class=\"_ _1\"></span> financing </span>arrangement for two specific customer contracts, the value of invoices sold und<span class=\"_ _1\"></span>er that arrangement at 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> was </span>\u00a311.5m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a37.5m<span class=\"ls9 ws1\">).<span class=\"_ _2b5\"> </span></span>The cost of selling such invoices totalled <span class=\"ls57 ws46\">\u00a33.7m</span> (<span class=\"ls57 ws46\">2022</span>: \u00a30.8m) a<span class=\"_ _1\"></span>nd was included in net finance expense in the consolidated income statement (2022: administrative expenses).<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPrepaymentsAndOtherAssetsExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-503": {
   "value": "3.1.1 Trade and other receivables<span class=\"_ _2b5\"> </span>Accounting policies<span class=\"_ _2b5\"> </span>Trade receivables: <span class=\"ff81 ls9 ws1\">Trade receivables are initially recognised at cost (being the same as fair valu<span class=\"_ _1\"></span>e) and </span>subsequently at amortised cost less any provision for impairment, to ensure th<span class=\"_ _1\"></span>e amounts recognised represent their recoverable amount.<span class=\"_ _2b5\"> </span>Impairment:<span class=\"ff81\"> For trade receivables, the Group applies the simplified a<span class=\"_ _1\"></span>pproach permitted by IFRS<span class=\"_ gs15\"> </span>9 </span>Financial Instruments<span class=\"ff81 ls9 ws1\">, resulting in trade receivables recognised and carried at original invoice amoun<span class=\"_ _1\"></span>t less </span>an allowance for any uncollectible amounts based on expected cre<span class=\"_ _1\"></span>dit losses. Where the carrying amount of an asset exceeds its recoverable amount, the asset is considered impaire<span class=\"_ _1\"></span>d and is written down to its recoverable amount.<span class=\"_ _2b5\"> </span>The Group monitors the level of trade receivables on a monthly basis, co<span class=\"_ _1\"></span>ntinually assessing the risk of default by any counterparty. Each customer has an external credit score wh<span class=\"_ _1\"></span>ich determines the level of credit provided.<span class=\"_ _2b5\"> </span>Derecognition:<span class=\"ff81 ls9 ws1\"> A financial asset (or, where applicable, a part of a financial asset or part of a gro<span class=\"_ _1\"></span>up of </span>similar financial assets) is derecognised (ie removed from the Group\u2019s consolidate<span class=\"_ _1\"></span>d balance sheet) when (i) the rights to receive the cash flows from the asset have expired; or, (ii) the Group h<span class=\"_ _1\"></span>as transferred its right to receive cash flows from the asset or has assumed an obligation to pay the<span class=\"_ _1\"></span> received cash flows in full without material delay to a third party under a \u2018pass-through\u2019 arrang<span class=\"_ _1\"></span>ement; and either (a) the Group has transferred substantially all the risk and rewards of the asset; or, (b) the Group<span class=\"_ _1\"></span> has neither transferred nor retained substantially all the risks and rewards of the asset, but has transfe<span class=\"_ _1\"></span>rred control of the asset.<span class=\"_ _2b5\"> </span>Trade receivables that are sold without recourse are derecognise<span class=\"_ _1\"></span>d at the point of sale when the risks and rewards of the receivables have been fully transferred.<span class=\"_ _2b5\"> </span>Accrued income: <span class=\"ff81 ls9 ws1\">Accrued income in relation to contract assets is recognised when payments receive<span class=\"_ _1\"></span>d </span>from customers are less than the revenue recognised by the balance<span class=\"_ _1\"></span> sheet date.<span class=\"_ _2b5\"> </span><table class=\"s w53 h88\" id=\"_49bff0a3-ffc1-4e71-81c8-6e655690c934\"><tr><td></td><td></td><td class=\"c n x9a3 y2e2b w196 h69\"><div class=\"t m0 x2bd h3b y2d37 ff80 fs8 fc7 sc0 ls58 ws47\">Current<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x9a4 y2e2b w197 h69\"><div class=\"t m0 x2bd h3b y2d37 ff80 fs8 fc7 sc0 ls58 ws47\">Non-current<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x7a6 h3b y2e2c ff80 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x833 h3a y2e2d ff81 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x307 h3b y2e2c ff80 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y2e2d ff81 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x834 h3b y2e2e ff80 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x617 h3a y2e2e ff81 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30a h3b y2e2e ff80 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2e2e ff81 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2e2f w198 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">Trade receivables<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9a5 y2e2f w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">126.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9a6 y2e2f w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">149.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9a7 y2e2f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9a8 y2e2f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2e30 ff81 fs5 fc7 sc0 ls9 ws1\">Other receivables<span class=\"_ _2b5\"> </span></td><td class=\"c n x9a9 y2e31 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">15.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9aa y2e31 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">23.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ab y2e31 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">4.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ac y2e31 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">5.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e11 w169 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Other taxes and social security<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ad y2e11 w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">2.<span class=\"_ _2a\"></span>3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ae y2e11 w49 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">9.<span class=\"_ _2a\"></span>6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9af y2e11 w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">1.<span class=\"_ _2a\"></span>0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b0 y2e11 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2e32 ff81 fs5 fc7 sc0 ls9 ws1\">Current contract fulfilment assets<span class=\"_ _2b5\"> </span></td><td class=\"c n x9a9 y2e12 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">13.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9aa y2e12 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">10.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b1 y2e12 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b2 y2e12 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bf8 w5b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Accrued income<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b3 y2bf8 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">138.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b4 y2bf8 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">179.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b5 y2bf8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x798 y2bf8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bfb w166 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">Prepayments<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b6 y2bfb w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">54.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b7 y2bfb w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">58.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b8 y2bfb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">7.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b9 y2bfb w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">10.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x9ba y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">350.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9bb y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">430.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9bc y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">12.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9bd y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">15.8<span class=\"_ _2b5\"> </span></div></td></tr></table>1<span class=\"_ _2b5\"> </span>2<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span>Other receivables includes \u00a30.3m (2022: \u00a30.4m) of accrued interest on cross-currency interest rate swaps.<span class=\"_ _2b5\"> </span>2.<span class=\"_ _9\"> </span>Refer to note 3.1.3 for non-current contract fulfilment assets.<span class=\"_ _2b5\"> </span>Trade receivables are non-interest bearing and generally on 30-day terms.<span class=\"_ _2b5\"> </span>The Group\u2019s accrued income balances solely relate to revenue from co<span class=\"_ _1\"></span>ntracts with customers. Movements in the accrued income balances were driven by transactions entered in<span class=\"_ _1\"></span>to by the Group in the normal course of business during the year.<span class=\"_ _2b5\"> </span>Movements in the loss allowance made against receivables were as follows:<span class=\"_ _2b5\"> </span><table class=\"s w199 h89\" id=\"_02a8164f-7add-48c1-a23d-f00b8e090b8a\"><tr><td></td><td class=\"t m0 x344 h3b y2e33 ff80 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x345 h3a y2e34 ff81 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x347 h3b y2e35 ff80 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2e35 ff81 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2e2f w19a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x516 y2e2f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">29.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x517 y2e2f w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">19.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e31 w19b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Utilised<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9be y2e31 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls9 ws1\">(1.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9bf y2e31 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">(4.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e11 w19c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Provided in the year<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c0 y2e11 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">4.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c1 y2e11 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">15.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e12 w19d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">Released in the year<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c2 y2e12 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">(25.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c3 y2e12 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e29 w19e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Business disposal<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c4 y2e29 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls9 ws1\">(1.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c5 y2e29 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">(1.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2e36 ff81 fs5 fc7 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2b5\"> </span></td><td class=\"c n x9c6 y2bfb w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls9 ws1\">(1.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c7 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w154 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">At 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c8 y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">5.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x707 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">29.7<span class=\"_ _2b5\"> </span></div></td></tr></table>1<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span>Transfers to disposal group assets held for sale in the year ended 31<span class=\"_ gs234\"> </span>December 2023 represent amounts transferred at 30<span class=\"_ gs234\"> </span>June 2023 and subsequently sold during the second half of the year.<span class=\"_ _2b5\"> </span><table class=\"s w19f h8a\" id=\"_79e52447-3173-4fef-b00e-0b4010a488b8\"><tr><td></td><td class=\"t m0 x344 h3b y2e2c ff80 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x345 h3a y2e2d ff81 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h3a y2e37 ff81 fs8 fc7 sc0 ls58 ws47\">Ageing of trade receivables<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x347 h3b y2e37 ff80 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2e37 ff81 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2e2f w1a0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">Not due<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x44e y2e2f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">79.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x44f y2e2f w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">118.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e31 w1a1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Overdue by less than three months<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x704 y2e31 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">19.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x705 y2e31 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">26.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e11 w1a2 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">Overdue between three and six months<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x413 y2e11 w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">4.<span class=\"_ _2a\"></span>9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c9 y2e11 w49 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">6.<span class=\"_ _2a\"></span>3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e12 w17d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Overdue between six and twelve months<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x791 y2e12 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ca y2e12 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">9.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c x2be y2bf8 w1a3 h8b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls9 ws1\">Overdue more than twelve months</div><div class=\"t m0 x9cb h3e y2e38 ff81 fs1c fc7 sc0 ls9 ws1\">1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9cc y2bf8 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">23.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9cd y2bf8 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">18.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2e39 ff81 fs5 fc7 sc0 ls9 ws1\">Allowance for doubtful debts<span class=\"_ _2b5\"> </span></td><td class=\"c n x9c6 y2bfb w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls9 ws1\">(5.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ce y2bfb w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">(29.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x353 y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff80 fs5 fc7 sc0 ls57 ws46\">126.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x354 y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff81 fs5 fc7 sc0 ls57 ws46\">149.9<span class=\"_ _2b5\"> </span></div></td></tr></table>1<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span>The increase in amounts overdue by more than twelve months and the decrease in the allowance for doubtful debts primarily relate to a commercial settlement in the closed book Life &amp; Pensions business which will not be received until a future date.<span class=\"_ _2b5\"> </span>Under the simplified approach permitted by IFRS<span class=\"_ gs15\"> </span>9, all invoices <span class=\"_ _1\"></span>six months or more past due are fully provided for unless there is a specific confirmation from the customer that the in<span class=\"_ _1\"></span>voice will be settled during the following month, or there are specific circumstances such that recognition<span class=\"_ _1\"></span> of a provision is not appropriate. Additionally, any other invoices where the customer relatio<span class=\"_ _1\"></span>nship manager has identified significant financial problems which mean that customer is unlikely to pay the in<span class=\"_ _1\"></span>voice in the near future are also provided for. No material amounts receivable were renegotiated<span class=\"_ _1\"></span> such that they were not past due at the balance sheet date.<span class=\"_ _2b5\"> </span>The Group trades only with third parties that are expected to be cred<span class=\"_ _1\"></span>itworthy. It is the Group\u2019s policy that all clients who wish to trade on credit terms are subject to credit verification procedu<span class=\"_ _1\"></span>res. The Group manages its operations to avoid any excessive concentration of counterparty risk an<span class=\"_ _1\"></span>d the Group takes all reasonable steps to seek assurance from the counterparties that they can fulfil their ob<span class=\"_ _1\"></span>ligations. In addition, receivable balances are monitored on an ongoing basis with the result that th<span class=\"_ _1\"></span>e Group\u2019s exposure to credit loss remains low.<span class=\"_ _2b5\"> </span><div class=\"t m0 h39 ff83 fs5 fc6 sc0 ls57 ws46 gs418\">Non-recourse trade receivable financing<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs419\">The value of invoices sold under the UK non-recourse trade receiva<span class=\"_ _1\"></span>bles financing <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span> was </div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls57 ws46 gs41a\">\u00a323.7m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a336.9m<span class=\"ls9 ws1\">). Additionally, in Germany the Group uses a non-recourse trade receivable<span class=\"_ _1\"></span> financing </span></div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs41b\">arrangement for two specific customer contracts, the value of invoices sold und<span class=\"_ _1\"></span>er that arrangement at </div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls57 ws46 gs41c\">31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> was </span>\u00a311.5m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a37.5m<span class=\"ls9 ws1\">).<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs41d\">The cost of selling such invoices totalled <span class=\"ls57 ws46\">\u00a33.7m</span> (<span class=\"ls57 ws46\">2022</span>: \u00a30.8m) a<span class=\"_ _1\"></span>nd was included in net finance expense in </div><div class=\"t m0 h38 ff84 fs5 fc7 sc0 ls9 ws1 gs41e\">the consolidated income statement (2022: administrative expenses).<span class=\"_ _2b5\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-450": {
   "value": "Accounting policies<span class=\"_ _2b5\"> </span>Trade receivables: <span class=\"ff81 ls9 ws1\">Trade receivables are initially recognised at cost (being the same as fair valu<span class=\"_ _1\"></span>e) and </span>subsequently at amortised cost less any provision for impairment, to ensure th<span class=\"_ _1\"></span>e amounts recognised represent their recoverable amount.<span class=\"_ _2b5\"> </span>Impairment:<span class=\"ff81\"> For trade receivables, the Group applies the simplified a<span class=\"_ _1\"></span>pproach permitted by IFRS<span class=\"_ gs15\"> </span>9 </span>Financial Instruments<span class=\"ff81 ls9 ws1\">, resulting in trade receivables recognised and carried at original invoice amoun<span class=\"_ _1\"></span>t less </span>an allowance for any uncollectible amounts based on expected cre<span class=\"_ _1\"></span>dit losses. Where the carrying amount of an asset exceeds its recoverable amount, the asset is considered impaire<span class=\"_ _1\"></span>d and is written down to its recoverable amount.<span class=\"_ _2b5\"> </span>The Group monitors the level of trade receivables on a monthly basis, co<span class=\"_ _1\"></span>ntinually assessing the risk of default by any counterparty. Each customer has an external credit score wh<span class=\"_ _1\"></span>ich determines the level of credit provided.<span class=\"_ _2b5\"> </span>Derecognition:<span class=\"ff81 ls9 ws1\"> A financial asset (or, where applicable, a part of a financial asset or part of a gro<span class=\"_ _1\"></span>up of </span>similar financial assets) is derecognised (ie removed from the Group\u2019s consolidate<span class=\"_ _1\"></span>d balance sheet) when (i) the rights to receive the cash flows from the asset have expired; or, (ii) the Group h<span class=\"_ _1\"></span>as transferred its right to receive cash flows from the asset or has assumed an obligation to pay the<span class=\"_ _1\"></span> received cash flows in full without material delay to a third party under a \u2018pass-through\u2019 arrang<span class=\"_ _1\"></span>ement; and either (a) the Group has transferred substantially all the risk and rewards of the asset; or, (b) the Group<span class=\"_ _1\"></span> has neither transferred nor retained substantially all the risks and rewards of the asset, but has transfe<span class=\"_ _1\"></span>rred control of the asset.<span class=\"_ _2b5\"> </span>Trade receivables that are sold without recourse are derecognise<span class=\"_ _1\"></span>d at the point of sale when the risks and rewards of the receivables have been fully transferred.<span class=\"_ _2b5\"> </span>Accrued income: <span class=\"ff81 ls9 ws1\">Accrued income in relation to contract assets is recognised when payments receive<span class=\"_ _1\"></span>d </span>from customers are less than the revenue recognised by the balance<span class=\"_ _1\"></span> sheet date.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForTradeAndOtherReceivablesExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-504": {
   "value": "<div class=\"t m0 h39 ff83 fs5 fc6 sc0 ls57 ws46 gs420\">3.1.2 Trade and other payables<span class=\"_ _2b5\"> </span></div><div class=\"gs421\"><table class=\"s w53 h8c\" id=\"_83b2b9fc-24cf-4a80-a777-6cd4ba99f181\"><tr><td></td><td></td><td class=\"c n x9a3 y2e3a w196 h69\"><div class=\"t m0 x2bd h3b y2d37 ff83 fs8 fc7 sc0 ls58 ws47\">Current<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x9a4 y2e3a w197 h69\"><div class=\"t m0 x2bd h3b y2d37 ff83 fs8 fc7 sc0 ls58 ws47\">Non-current<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x7a6 h3b y2e3b ff83 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x833 h3a y2e3b ff84 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x307 h3b y2e3b ff83 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x308 h3a y2e3b ff84 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x834 h3b y2e3c ff83 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x617 h3a y2e3c ff84 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30a h3b y2e3c ff83 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2e3c ff84 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2cf1 w1a4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">Trade payables<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b3 y2cf1 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">164.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b4 y2cf1 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">134.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9cf y2cf1 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d0 y2cf1 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf2 w1a5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">Other payables<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b6 y2cf2 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">27.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b7 y2cf2 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">32.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b8 y2cf2 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">6.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d1 y2cf2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">6.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf3 w169 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls9 ws1\">Other taxes and social security<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d2 y2cf3 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">74.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d3 y2cf3 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">85.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d4 y2cf3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d5 y2cf3 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">6.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d32 w57 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls9 ws1\">Accruals<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d6 y2d32 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">159.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d7 y2d32 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">239.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d8 y2d32 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d9 y2d32 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">2.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x9ba y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">425.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9bb y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">492.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9da y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">8.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9db y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">15.1<span class=\"_ _2b5\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTradeAndOtherPayablesExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-524": {
   "value": "3.1.2 Trade and other payables<span class=\"_ _2b5\"> </span><table class=\"s w53 h8c\" id=\"_83b2b9fc-24cf-4a80-a777-6cd4ba99f181\"><tr><td></td><td></td><td class=\"c n x9a3 y2e3a w196 h69\"><div class=\"t m0 x2bd h3b y2d37 ff83 fs8 fc7 sc0 ls58 ws47\">Current<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x9a4 y2e3a w197 h69\"><div class=\"t m0 x2bd h3b y2d37 ff83 fs8 fc7 sc0 ls58 ws47\">Non-current<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x7a6 h3b y2e3b ff83 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x833 h3a y2e3b ff84 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x307 h3b y2e3b ff83 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x308 h3a y2e3b ff84 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x834 h3b y2e3c ff83 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x617 h3a y2e3c ff84 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30a h3b y2e3c ff83 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2e3c ff84 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2cf1 w1a4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">Trade payables<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b3 y2cf1 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">164.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b4 y2cf1 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">134.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9cf y2cf1 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d0 y2cf1 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf2 w1a5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">Other payables<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b6 y2cf2 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">27.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b7 y2cf2 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">32.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b8 y2cf2 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">6.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d1 y2cf2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">6.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf3 w169 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls9 ws1\">Other taxes and social security<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d2 y2cf3 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">74.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d3 y2cf3 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">85.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d4 y2cf3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d5 y2cf3 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">6.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d32 w57 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls9 ws1\">Accruals<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d6 y2d32 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">159.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d7 y2d32 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">239.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d8 y2d32 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d9 y2d32 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">2.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x9ba y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">425.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9bb y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">492.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9da y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff83 fs5 fc7 sc0 ls57 ws46\">8.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9db y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff84 fs5 fc7 sc0 ls57 ws46\">15.1<span class=\"_ _2b5\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfAccruedExpensesAndOtherLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-479": {
   "value": "3.2 Property, plant and equipment<span class=\"_ _2b5\"> </span>Accounting policies<span class=\"_ _2b5\"> </span>Property, plant and equipment is stated at cost less accumulated depre<span class=\"_ _1\"></span>ciation and any impairment in value.<span class=\"_ _2b5\"> </span>Depreciation: <span class=\"ff87 ls9 ws1\">Depreciation is calculated on a straight-line basis over the estimated useful life<span class=\"_ _1\"></span> of the asset, </span>as follows:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">Freehold buildings and long leasehold property \u2013 up to 50 years.<span class=\"_ _2b5\"> </span></span>\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">Leasehold improvements \u2013 period of the lease.<span class=\"_ _2b5\"> </span></span>\u2022<span class=\"_ _ae\"> </span>Plant and machinery \u2013 3 to 10 years.<span class=\"_ _2b5\"> </span>Impairment: <span class=\"ff87\">The carrying values of property, plant and equipme<span class=\"_ _1\"></span>nt are reviewed for impairment when </span>events or changes in circumstances indicate that the carrying value may no<span class=\"_ _1\"></span>t be recoverable. If any such indication <span class=\"ls60 ws4f\">exists and where the carrying <span class=\"_ _1\"></span>values exceed the estimated recoverable amount, th<span class=\"_ _1\"></span>e assets are </span>written down <span class=\"ls9 ws1\">to their recoverable amou<span class=\"_ _1\"></span>nt. The recoverable amount of property, plant and equipment is the </span>greater of net selling price and value-in-use. In assessing value-in-use<span class=\"_ _1\"></span>, the estimated future cash flows are discounted to their present value using a pre-tax discount rate tha<span class=\"_ _1\"></span>t reflects current market assessments of the time value of money and the risks specific to the asset. For an asset that d<span class=\"_ _1\"></span>oes not generate largely independent cash inflows, the recoverable amount is determined<span class=\"_ _1\"></span> for the cash-generating unit to which the asset belongs. Impairment losses are disclosed as administrative expenses in<span class=\"_ _1\"></span> the consolidated income statement.<span class=\"_ _2b5\"> </span>Derecognition: <span class=\"ff87 ls9 ws1\">An item of property, plant and equipment is derecognised on disposal, o<span class=\"_ _1\"></span>r when no future </span>economic benefits are expected to arise from the continued use of th<span class=\"_ _1\"></span>e asset (retired). Any gain or loss arising on derecognition of the asset, calculated as the difference<span class=\"_ _1\"></span> between the net disposal proceeds and the carrying value of the asset, is included in the consolidated income<span class=\"_ _1\"></span> statement when the asset is derecognised.<span class=\"_ _2b5\"> </span><div class=\"gs478\"><table class=\"s w1ae h8e\" id=\"_b549b354-6006-49cd-88dc-0a1997914a42\"><tr><td></td><td></td><td></td><td class=\"c n x9ee y2e49 wc7 h69\"><div class=\"t m0 x2bd h3a y2c9f ff88 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n x9ef y2e49 wc7 h67\"><div class=\"t m0 x2bd h3a y2c9f ff89 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x84b h3b y2e4a ff88 fs8 fc7 sc0 ls58 ws47\">Leasehold improvements,<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x576 h3b y2e4a ff88 fs8 fc7 sc0 ls58 ws47\">Plant and<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 x5fc h3a y2e4a ff89 fs8 fc7 sc0 ls58 ws47\">Leasehold improvements,<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x9f0 h3a y2e4a ff89 fs8 fc7 sc0 ls58 ws47\">Plant and<span class=\"_ _2b5\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 x9f1 h3b y2e4b ff88 fs8 fc7 sc0 ls58 ws47\">land and buildings<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x9f2 h3b y2e4b ff88 fs8 fc7 sc0 ls58 ws47\">machinery<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x9f3 h3b y2e4b ff88 fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x36f h3a y2e4b ff89 fs8 fc7 sc0 ls58 ws47\">land and buildings<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x9f4 h3a y2e4b ff89 fs8 fc7 sc0 ls58 ws47\">machinery<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x37a h3a y2e4b ff89 fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x580 h3b y2e4c ff88 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x9f5 h3b y2e4c ff88 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x56d h3b y2e4c ff88 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x9f6 h3a y2e4c ff89 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x858 h3a y2e4c ff89 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x9f7 h3a y2e4c ff89 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y2e4d ff88 fs5 fc7 sc0 ls57 ws46\">Cost<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2e4e w19a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9f8 y2e4e w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">96.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9f9 y2e4e w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">146.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9fa y2e4e w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">242.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9fb y2e4e w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">99.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9fc y2e4e w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">169.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9fd y2e4e w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">268.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e4f w1a7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">Additions<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9fe y2e4f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">10.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ff y2e4f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">18.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa00 y2e4f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">28.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa01 y2e4f w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">7.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa02 y2e4f w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">12.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa03 y2e4f we9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">20.<span class=\"_ _2a\"></span>6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e50 w1a8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa04 y2e50 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">(0.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa05 y2e50 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa06 y2e50 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">(1.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa07 y2e50 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa08 y2e50 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">(0.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa09 y2e50 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">(0.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e51 w1af h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">Disposals \u2013 included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa0a y2e51 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">(1.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa0b y2e51 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">(4.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa0c y2e51 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">(5.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa0d y2e51 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">(9.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa0e y2e51 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">(7.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa0f y2e51 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">(16.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e52 w1b0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">Disposals \u2013 included in business exits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa10 y2e52 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa11 y2e52 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa12 y2e52 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa13 y2e52 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">(0.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa14 y2e52 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa15 y2e52 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">(0.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2e53 ff89 fs5 fc7 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2b5\"> </span></td><td class=\"c n xa16 y2e54 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">(0.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa17 y2e54 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">(9.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa18 y2e54 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">(10.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa19 y2e54 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa1a y2e54 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa1b y2e54 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e55 w1b1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">Reclassifications to intangible assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa1c y2e55 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa1d y2e55 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">(1.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa1e y2e55 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">(1.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa1f y2e55 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">1.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa0e y2e55 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">(1.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa20 y2e55 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">(0.5)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e56 w1b2 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">Asset retirements<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa21 y2e56 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">(22.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa22 y2e56 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">(38.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa23 y2e56 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">(61.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa24 y2e56 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">(3.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa25 y2e56 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">(27.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa26 y2e56 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">(31.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e57 w1ad h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa27 y2e57 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">(0.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa28 y2e57 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">(1.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa29 y2e57 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">(2.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa2a y2e57 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa2b y2e57 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">2.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa2c y2e57 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">2.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d5c w154 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">At 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa2d y2d5c w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">81.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa2e y2d5c w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">108.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x86c y2d5c w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">189.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa2f y2d5c w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">96.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa30 y2d5c w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">146.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa31 y2d5c w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">242.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2e58 ff88 fs5 fc7 sc0 ls57 ws46\">Depreciation and impairment<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2e59 w19a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9f8 y2e59 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">42.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa32 y2e59 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">98.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa33 y2e59 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">141.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa34 y2e59 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">40.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa35 y2e59 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">99.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa36 y2e59 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">139.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2e5a ff89 fs5 fc7 sc0 ls9 ws1\">Impact of change in accounting standards \u2013 amendments to IAS<span class=\"_ gs15\"> </span>37<span class=\"_ _2b5\"> </span></td><td class=\"c n xa37 y2e5b w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa38 y2e5b w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa39 y2e5b w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa3a y2e5b w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa3b y2e5b w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa3c y2e5b w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e5c w1b3 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">At 1<span class=\"_ gs15\"> </span>January 2022 on adoption of IAS<span class=\"_ gs15\"> </span>37<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9fe y2e5c w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">42.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ff y2e5c w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">98.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa3d y2e5c w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">141.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa3e y2e5c w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">40.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa3f y2e5c w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">99.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa40 y2e5c w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">140.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e5d w1b4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">Depreciation charged - included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa41 y2e5d w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">9.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa42 y2e5d w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">20.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa43 y2e5d w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">29.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa44 y2e5d w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">10.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa45 y2e5d w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">28.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa46 y2e5d w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">38.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dc2 w1b5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">Depreciation charged - included in business exits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa47 y2dc2 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa48 y2dc2 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">1.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa49 y2dc2 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">1.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa4a y2dc2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa4b y2dc2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa4c y2dc2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">2.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e5e w1a8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa04 y2e5e w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">(0.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa05 y2e5e w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">(0.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa06 y2e5e w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">(0.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa07 y2e5e w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa08 y2e5e w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa09 y2e5e w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e5f w1af h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">Disposals \u2013 included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa0a y2e5f w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">(1.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa0b y2e5f w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">(4.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa0c y2e5f w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">(5.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa0d y2e5f w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">(7.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa0e y2e5f w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">(6.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa0f y2e5f w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">(14.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e60 w1b6 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">Impairment \u2013 included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa1c y2e60 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa4d y2e60 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">0.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa4e y2e60 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">0.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa4f y2e60 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">2.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa50 y2e60 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">2.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa51 y2e60 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">4.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cd6 w1b7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">Impairment \u2013 excluded from adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa52 y2cd6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">2.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa53 y2cd6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa54 y2cd6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">2.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa55 y2cd6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa56 y2cd6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa57 y2cd6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e61 w1b8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">Impairment \u2013 included in business exits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa58 y2e61 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">7.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa59 y2e61 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa5a y2e61 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">7.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa5b y2e61 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa5c y2e61 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa5d y2e61 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2e62 ff89 fs5 fc7 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2b5\"> </span></td><td class=\"c n xa16 y2e63 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">(0.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa17 y2e63 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">(3.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa5e y2e63 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">(4.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa5f y2e63 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa60 y2e63 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa61 y2e63 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e64 w1b1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">Reclassifications to intangible assets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa1c y2e64 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa1d y2e64 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa1e y2e64 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa62 y2e64 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa63 y2e64 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">(0.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa64 y2e64 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be2 w1b2 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">Asset retirements<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa21 y2be2 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">(22.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa22 y2be2 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">(38.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa23 y2be2 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">(61.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa24 y2be2 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">(3.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa25 y2be2 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">(27.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa26 y2be2 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">(31.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e65 w1ad h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa27 y2e65 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">(0.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa28 y2e65 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">(1.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa29 y2e65 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls9 ws1\">(1.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa65 y2e65 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa66 y2e65 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">1.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa67 y2e65 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">1.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e66 w154 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">At 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa2d y2e66 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">36.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa68 y2e66 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">73.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa69 y2e66 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">109.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa6a y2e66 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">42.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa6b y2e66 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">98.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa6c y2e66 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">141.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2e67 ff88 fs5 fc7 sc0 ls57 ws46\">Net book value<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2e68 w19a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9f8 y2e68 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">53.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa32 y2e68 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">47.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa33 y2e68 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">101.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa34 y2e68 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">59.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa35 y2e68 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">69.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa36 y2e68 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">129.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w154 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls9 ws1\">At 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa2d y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">44.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa68 y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">35.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa6d y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff88 fs5 fc7 sc0 ls57 ws46\">80.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa34 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">53.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa35 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">47.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa36 y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff89 fs5 fc7 sc0 ls57 ws46\">101.1<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h3e ff89 fs1c fc7 sc0 ls9 ws1 gs479\">2<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3e ff89 fs1c fc7 sc0 ls9 ws1 gs47a\">1<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3e ff89 fs1c fc7 sc0 ls9 ws1 gs47b\">2<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3a ff89 fs8 fc7 sc0 ls58 ws47 gs47c\">1.<span class=\"_ _9\"> </span>The Group initially applied the amendments to IAS<span class=\"_ gs234\"> </span>37 at 1<span class=\"_ gs234\"> </span>January 2022 and the cumulative effect of applying the amendments was recognised as an opening balance adjustment to retained earnings.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3a ff89 fs8 fc7 sc0 ls58 ws47 gs47d\">2.<span class=\"_ _9\"> </span>Transfers to disposal group assets held for sale in the year ended 31<span class=\"_ gs234\"> </span>December 2023 includes \u00a31.2m that was transferred at 30<span class=\"_ gs234\"> </span>June 2023 and subsequently sold during the second half of the year.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff89 fs5 fc7 sc0 ls9 ws1 gs47e\">At <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span>, amounts contracted for but not provided in the financial statements fo<span class=\"_ _1\"></span>r the acquisition of property, plant and equipment amounted to \u00a31.4m (<span class=\"_ _1\"></span><span class=\"ls57 ws46\">2022<span class=\"ls9 ws1\">: \u00a32.7m), relating to building improvements on </span></span></div><div class=\"t m0 h38 ff89 fs5 fc7 sc0 ls57 ws46 gs47f\">leased property.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff89 fs5 fc7 sc0 ls9 ws1 gs22d\">As detailed in note<span class=\"_ gs15\"> </span>2.4, a charge of <span class=\"ls57 ws46\">\u00a354.4m has been recognised in 2023</span> for the costs to delive<span class=\"_ _1\"></span>r the cost reduction programme. This includes property related costs of \u00a331.1m arising from the associated rationalisation of </div><div class=\"t m0 h38 ff89 fs5 fc7 sc0 ls9 ws1 gs480\">the Group\u2019s property estate, which includes impairment of leasehold impro<span class=\"_ _1\"></span>vements of <span class=\"ls57 ws46\">\u00a32.8m</span>. These costs have been excluded from adjusted profit.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff89 fs5 fc7 sc0 ls9 ws1 gs481\">Following the classification of a business as held for sale, a property lease<span class=\"_ _1\"></span>d by the Group and part occupied by the business being sold is no longer used by the Group. Following an impairmen<span class=\"_ _1\"></span>t test, the property\u2019s </div><div class=\"t m0 h38 ff89 fs5 fc7 sc0 ls9 ws1 gs482\">leasehold improvements were impaired by <span class=\"ls57 ws46\">\u00a37.1m</span>, along<span class=\"_ _1\"></span> with an impairment of <span class=\"ls57 ws46\">\u00a30.2m</span> of the right-of-use asset for this property (refer to note<span class=\"_ gs15\"> </span>3.5).<span class=\"_ _1\"></span> Since the impairment was triggered by the disposal of a business, the </div><div class=\"t m0 h38 ff89 fs5 fc7 sc0 ls9 ws1 gs231\">charge has been excluded from adjusted profit and included<span class=\"_ _1\"></span> in business exits (refer to<span class=\"_ gs15\"> </span>note 2.8).</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-451": {
   "value": "Accounting policies<span class=\"_ _2b5\"> </span>Property, plant and equipment is stated at cost less accumulated depre<span class=\"_ _1\"></span>ciation and any impairment in value.<span class=\"_ _2b5\"> </span>Depreciation: <span class=\"ff87 ls9 ws1\">Depreciation is calculated on a straight-line basis over the estimated useful life<span class=\"_ _1\"></span> of the asset, </span>as follows:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">Freehold buildings and long leasehold property \u2013 up to 50 years.<span class=\"_ _2b5\"> </span></span>\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">Leasehold improvements \u2013 period of the lease.<span class=\"_ _2b5\"> </span></span>\u2022<span class=\"_ _ae\"> </span>Plant and machinery \u2013 3 to 10 years.<span class=\"_ _2b5\"> </span>Impairment: <span class=\"ff87\">The carrying values of property, plant and equipme<span class=\"_ _1\"></span>nt are reviewed for impairment when </span>events or changes in circumstances indicate that the carrying value may no<span class=\"_ _1\"></span>t be recoverable. If any such indication <span class=\"ls60 ws4f\">exists and where the carrying <span class=\"_ _1\"></span>values exceed the estimated recoverable amount, th<span class=\"_ _1\"></span>e assets are </span>written down <span class=\"ls9 ws1\">to their recoverable amou<span class=\"_ _1\"></span>nt. The recoverable amount of property, plant and equipment is the </span>greater of net selling price and value-in-use. In assessing value-in-use<span class=\"_ _1\"></span>, the estimated future cash flows are discounted to their present value using a pre-tax discount rate tha<span class=\"_ _1\"></span>t reflects current market assessments of the time value of money and the risks specific to the asset. For an asset that d<span class=\"_ _1\"></span>oes not generate largely independent cash inflows, the recoverable amount is determined<span class=\"_ _1\"></span> for the cash-generating unit to which the asset belongs. Impairment losses are disclosed as administrative expenses in<span class=\"_ _1\"></span> the consolidated income statement.<span class=\"_ _2b5\"> </span>Derecognition: <span class=\"ff87 ls9 ws1\">An item of property, plant and equipment is derecognised on disposal, o<span class=\"_ _1\"></span>r when no future </span>economic benefits are expected to arise from the continued use of th<span class=\"_ _1\"></span>e asset (retired). Any gain or loss arising on derecognition of the asset, calculated as the difference<span class=\"_ _1\"></span> between the net disposal proceeds and the carrying value of the asset, is included in the consolidated income<span class=\"_ _1\"></span> statement when the asset is derecognised.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForPropertyPlantAndEquipmentExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-462": {
   "value": "Depreciation: <span class=\"ff87 ls9 ws1\">Depreciation is calculated on a straight-line basis over the estimated useful life<span class=\"_ _1\"></span> of the asset, </span>as follows:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">Freehold buildings and long leasehold property \u2013 up to 50 years.<span class=\"_ _2b5\"> </span></span>\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">Leasehold improvements \u2013 period of the lease.<span class=\"_ _2b5\"> </span></span>\u2022<span class=\"_ _ae\"> </span>Plant and machinery \u2013 3 to 10 years.<span class=\"_ _2b5\"> </span>Impairment: <span class=\"ff87\">The carrying values of property, plant and equipme<span class=\"_ _1\"></span>nt are reviewed for impairment when </span>events or changes in circumstances indicate that the carrying value may no<span class=\"_ _1\"></span>t be recoverable. If any such indication <span class=\"ls60 ws4f\">exists and where the carrying <span class=\"_ _1\"></span>values exceed the estimated recoverable amount, th<span class=\"_ _1\"></span>e assets are </span>written down <span class=\"ls9 ws1\">to their recoverable amou<span class=\"_ _1\"></span>nt. The recoverable amount of property, plant and equipment is the </span>greater of net selling price and value-in-use. In assessing value-in-use<span class=\"_ _1\"></span>, the estimated future cash flows are discounted to their present value using a pre-tax discount rate tha<span class=\"_ _1\"></span>t reflects current market assessments of the time value of money and the risks specific to the asset. For an asset that d<span class=\"_ _1\"></span>oes not generate largely independent cash inflows, the recoverable amount is determined<span class=\"_ _1\"></span> for the cash-generating unit to which the asset belongs. Impairment losses are disclosed as administrative expenses in<span class=\"_ _1\"></span> the consolidated income statement.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDepreciationExpenseExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-468": {
   "value": "Depreciation: <span class=\"ff87 ls9 ws1\">Depreciation is calculated on a straight-line basis over the estimated useful life<span class=\"_ _1\"></span> of the asset, </span>as follows:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">Freehold buildings and long leasehold property \u2013 up to 50 years.<span class=\"_ _2b5\"> </span></span>\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">Leasehold improvements \u2013 period of the lease.<span class=\"_ _2b5\"> </span></span>\u2022<span class=\"_ _ae\"> </span>Plant and machinery \u2013 3 to 10 years.<span class=\"_ _2b5\"> </span>Impairment: <span class=\"ff87\">The carrying values of property, plant and equipme<span class=\"_ _1\"></span>nt are reviewed for impairment when </span>events or changes in circumstances indicate that the carrying value may no<span class=\"_ _1\"></span>t be recoverable. If any such indication <span class=\"ls60 ws4f\">exists and where the carrying <span class=\"_ _1\"></span>values exceed the estimated recoverable amount, th<span class=\"_ _1\"></span>e assets are </span>written down <span class=\"ls9 ws1\">to their recoverable amou<span class=\"_ _1\"></span>nt. The recoverable amount of property, plant and equipment is the </span>greater of net selling price and value-in-use. In assessing value-in-use<span class=\"_ _1\"></span>, the estimated future cash flows are discounted to their present value using a pre-tax discount rate tha<span class=\"_ _1\"></span>t reflects current market assessments of the time value of money and the risks specific to the asset. For an asset that d<span class=\"_ _1\"></span>oes not generate largely independent cash inflows, the recoverable amount is determined<span class=\"_ _1\"></span> for the cash-generating unit to which the asset belongs. Impairment losses are disclosed as administrative expenses in<span class=\"_ _1\"></span> the consolidated income statement.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForExpensesExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-505": {
   "value": "3.3 Intangible assets Accounting policies<span class=\"_ _2b5\"> </span>Intangible assets acquired separately are capitalised at cost and tho<span class=\"_ _1\"></span>se identified in a business acquisition are capitalised at fair value at the date of acquisition. In the case of ca<span class=\"_ _1\"></span>pitalised software development costs, research expenditure is written off to the consolidated income statemen<span class=\"_ _1\"></span>t when it is incurred. Development expenditure is similarly written off until the Group is satisfied as to the technical, commercia<span class=\"_ _1\"></span>l and financial viability of individual projects. Where this condition is satisfied, the developme<span class=\"_ _1\"></span>nt expenditure is capitalised and amortised over the period during which the Group is expected to<span class=\"_ _1\"></span> benefit.<span class=\"_ _2b5\"> </span>Following initial recognition, the carrying amount of an intangible a<span class=\"_ _1\"></span>sset is its cost less accumulated amortisation and impairment losses. The useful lives of intangible assets a<span class=\"_ _1\"></span>re assessed to be either finite or indefinite. There were no indefinite-lived assets in <span class=\"_ _1\"></span><span class=\"ls57 ws46\">2023<span class=\"ls9 ws1\"> or </span>2022<span class=\"ls9 ws1\">.<span class=\"_ _2b5\"> </span></span></span>Amortisation:<span class=\"ff8b fc6\"> <span class=\"fc7\">Amortisation is charged on assets with finite lives<span class=\"_ _1\"></span>. The amortisation method used reflects the </span></span>expected pattern of consumption of future economic benefits and<span class=\"_ _1\"></span> generally amortised on a straight-line basis, the amortisation periods used are as follows:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Intangible assets acquired in business combin<span class=\"_ _1\"></span>ations \u2013 1.5 to 20 years.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Intangible assets purchased or internally cap<span class=\"_ _1\"></span>italised \u2013 3 to 20 years.<span class=\"_ _2b5\"> </span>Impairment:<span class=\"ff8b\"> Intangible assets with finite lives are only tested for impairment, e<span class=\"_ _1\"></span>ither individually or at the </span>cash-generating unit level, when there is an indicator of impairment.<span class=\"_ _2b5\"> </span>Derecognition: <span class=\"ff8b\">Intangible assets are derecognised upon disposal, or when no future economic benefit<span class=\"_ _2a\"></span>s are </span>expected to arise from the continued use of the asset (retired). Any gain<span class=\"_ _1\"></span> or loss arising on derecognition of the asset, calculated as the difference between the net disposal pro<span class=\"_ _1\"></span>ceeds and the carrying value of the asset, is included in the consolidated income statement when the asset is d<span class=\"_ _1\"></span>erecognised.<span class=\"_ _2b5\"> </span>The measurement of intangible assets other than goodwill in a business combination: <span class=\"ff8b\">on the </span>acquisition of a business, the identifiable intangible assets may include<span class=\"_ _1\"></span> licences, customer lists and brands. The fair value of these assets is determined by discounting estimated fu<span class=\"_ _1\"></span>ture net cash flows generated by the asset because in most cases no active market for the assets exists and there<span class=\"_ _1\"></span>fore no observable value exists. The use of different assumptions for the expectations of future cash<span class=\"_ _1\"></span> flows and the discount rate would change the valuation of the intangible assets.<span class=\"_ _2b5\"> </span>The assessment of costs capitalised as intangible assets to generate future economic benefits:<span class=\"ff8b ls9 ws1\"> </span>judgement is applied in assessing whether costs incurred, both intern<span class=\"_ _1\"></span>al and external, will generate future economic benefits. Judgements and estimates are applied in dete<span class=\"_ _1\"></span>rmining the carrying value of the assets, including assumptions made in respect of the status of the programme e<span class=\"_ _1\"></span>ach asset relates to. Given the level of judgement and estimation involved in assessing future cash flows, it is re<span class=\"_ _1\"></span>asonably possible that outcomes within the next financial year may be different from managemen<span class=\"_ _1\"></span>t\u2019s assumptions and require an adjustment to the carrying value of intangible assets, however any ad<span class=\"_ _1\"></span>justment is not expected to be material.<span class=\"_ _2b5\"> </span><div class=\"t m0 h3e ff8d fs1c fc7 sc0 ls9 ws1 gs4a9\">1<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3e ff8d fs1c fc7 sc0 ls9 ws1 gs4aa\">1<span class=\"_ _2b5\"> </span></div><div class=\"gs478\"><table class=\"s w1b9 h8f\" id=\"_8bef5c7e-0b43-4be8-b760-212c76e2963a\"><tr><td></td><td></td><td></td><td class=\"c n xa6e y2e69 wc7 h69\"><div class=\"t m0 x2bd h3a y2c9f ff8c fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xa6f y2e69 wc7 h67\"><div class=\"t m0 x2bd h3a y2c9f ff8d fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"t m0 xa70 h3b y2e6a ff8c fs8 fc7 sc0 ls58 ws47\">Intangible </td><td></td><td></td><td class=\"t m0 xa71 h3a y2e6a ff8d fs8 fc7 sc0 ls58 ws47\">Intangible<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x8e0 h3b y2e6b ff8c fs8 fc7 sc0 ls58 ws47\">assets </td><td></td><td></td><td class=\"t m0 x56f h3a y2e6b ff8d fs8 fc7 sc0 ls58 ws47\">assets<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x36c h3b y2e6c ff8c fs8 fc7 sc0 ls58 ws47\">acquired in </td><td class=\"t m0 xa72 h3b y2e6c ff8c fs8 fc7 sc0 ls58 ws47\">Capitalised/<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 x603 h3a y2e6c ff8d fs8 fc7 sc0 ls58 ws47\">acquired in<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xa73 h3a y2e6c ff8d fs8 fc7 sc0 ls58 ws47\">Capitalised/<span class=\"_ _2b5\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 xa74 h3b y2e6d ff8c fs8 fc7 sc0 ls58 ws47\">business </td><td class=\"t m0 x367 h3b y2e6d ff8c fs8 fc7 sc0 ls58 ws47\">purchased<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 xa75 h3a y2e6d ff8d fs8 fc7 sc0 ls58 ws47\">business<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x57b h3a y2e6d ff8d fs8 fc7 sc0 ls58 ws47\">purchased<span class=\"_ _2b5\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 xa76 h3b y2e6e ff8c fs8 fc7 sc0 ls58 ws47\">combinations<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x9f5 h3b y2e6e ff8c fs8 fc7 sc0 ls58 ws47\">software<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x8dd h3b y2e6e ff8c fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xa77 h3a y2e6e ff8d fs8 fc7 sc0 ls58 ws47\">combinations<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xa78 h3a y2e6e ff8d fs8 fc7 sc0 ls58 ws47\">software<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x2b9 h3a y2e6e ff8d fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x37d h3b y2e6f ff8c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xa79 h3b y2e6f ff8c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xa7a h3b y2e6f ff8c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xa7b h3a y2e6f ff8d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x858 h3a y2e6f ff8d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x383 h3a y2e6f ff8d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y2e70 ff8c fs5 fc7 sc0 ls57 ws46\">Cost<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2e71 w19a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa7c y2e71 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">3.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa7d y2e71 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">194.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa7e y2e71 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">197.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa7f y2e71 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">55.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa80 y2e71 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">222.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x38c y2e71 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">278.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e72 w1a8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa81 y2e72 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa82 y2e72 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">(15.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa83 y2e72 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">(15.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa84 y2e72 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa85 y2e72 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">(33.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa86 y2e72 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">(33.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e73 w1a7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">Additions<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa81 y2e73 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa87 y2e73 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">32.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa88 y2e73 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">32.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa89 y2e73 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa8a y2e73 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">27.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa8b y2e73 we9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">27.<span class=\"_ _2a\"></span>3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e74 w1af h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">Disposals \u2013 included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa8c y2e74 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa8d y2e74 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">(2.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa8e y2e74 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">(2.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa8f y2e74 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa90 y2e74 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">(11.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa91 y2e74 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">(11.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e75 w1b0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">Disposals \u2013 included in business exits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa92 y2e75 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa93 y2e75 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa94 y2e75 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa95 y2e75 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa96 y2e75 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">(0.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa97 y2e75 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">(0.5)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2e76 ff8d fs5 fc7 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2b5\"> </span></td><td class=\"c n xa98 y2e77 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa99 y2e77 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">(15.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa9a y2e77 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">(15.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa9b y2e77 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa9c y2e77 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa9d y2e77 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e78 w1ba h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">Reclassifications to property, plant and equipment<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa81 y2e78 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa9e y2e78 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">1.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa9f y2e78 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">1.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaa0 y2e78 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaa1 y2e78 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaa2 y2e78 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e79 w1b2 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">Asset retirements<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa81 y2e79 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa82 y2e79 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">(20.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa83 y2e79 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">(20.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaa3 y2e79 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">(53.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaa4 y2e79 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">(11.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaa5 y2e79 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">(64.3)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e7a w1ad h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaa6 y2e7a w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaa7 y2e7a w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaa8 y2e7a w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaa9 y2e7a w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaaa y2e7a w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaab y2e7a w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">1.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e7b w154 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">At 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaac y2e7b w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">3.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaad y2e7b w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">175.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaae y2e7b w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">178.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaaf y2e7b w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">3.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xab0 y2e7b w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">194.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xab1 y2e7b w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">197.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2e7c ff8c fs5 fc7 sc0 ls9 ws1\">Amortisation and impairment<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2e7d w19a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xab2 y2e7d w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">2.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xab3 y2e7d w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">89.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xab4 y2e7d w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">91.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xab5 y2e7d w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">49.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xab6 y2e7d w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">81.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xab7 y2e7d w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">130.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e7e w1bb h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">Amortisation charged in the year - included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xab8 y2e7e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xab9 y2e7e w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">25.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaba y2e7e w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">25.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xabb y2e7e w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xabc y2e7e w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">25.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xabd y2e7e w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">25.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e7f w1bc h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">Amortisation charged in the year - excluded from adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xabe y2e7f w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xabf y2e7f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac0 y2e7f w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac1 y2e7f w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">5.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac2 y2e7f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac3 y2e7f w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">5.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e80 w101 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">Amortisation charged in the year - included in business exits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa81 y2e80 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac4 y2e80 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">3.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac5 y2e80 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">3.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac6 y2e80 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac7 y2e80 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">10.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac8 y2e80 we9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">10.<span class=\"_ _2a\"></span>9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e81 w1b6 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">Impairment \u2013 included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa81 y2e81 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac4 y2e81 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">0.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac5 y2e81 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">0.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac6 y2e81 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac9 y2e81 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">5.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x40d y2e81 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">5.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e82 w1b8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">Impairment \u2013 included in business exits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaca y2e82 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xacb y2e82 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xacc y2e82 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xacd y2e82 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa66 y2e82 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xace y2e82 w49 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">0.<span class=\"_ _2a\"></span>8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e83 w1a8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa81 y2e83 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xacf y2e83 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">(7.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xad0 y2e83 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">(7.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xad1 y2e83 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xad2 y2e83 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">(12.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xad3 y2e83 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">(12.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e84 w1af h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">Disposals \u2013 included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa8c y2e84 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa8d y2e84 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">(1.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa8e y2e84 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">(1.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa8f y2e84 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa90 y2e84 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">(10.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa91 y2e84 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">(10.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e85 w1b0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">Disposals \u2013 included in business exits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa92 y2e85 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa93 y2e85 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa94 y2e85 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa95 y2e85 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa96 y2e85 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">(0.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa97 y2e85 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">(0.5)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2e86 ff8d fs5 fc7 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2b5\"> </span></td><td class=\"c n xa98 y2e87 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xad4 y2e87 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">(5.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xad5 y2e87 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">(5.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xad6 y2e87 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xad7 y2e87 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xad8 y2e87 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c15 w1ba h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">Reclassifications to property, plant and equipment<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa81 y2c15 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac4 y2c15 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">0.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac5 y2c15 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">0.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac6 y2c15 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xad9 y2c15 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xada y2c15 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c16 w1b2 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">Asset retirements<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa81 y2c16 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa82 y2c16 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">(20.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa83 y2c16 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">(20.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaa3 y2c16 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">(53.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaa4 y2c16 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">(11.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaa5 y2c16 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">(64.3)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e88 w1ad h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaa6 y2e88 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xadb y2e88 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xadc y2e88 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xadd y2e88 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xade y2e88 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xadf y2e88 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e89 w154 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">At 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaac y2e89 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">2.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xae0 y2e89 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">85.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xae1 y2e89 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">88.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xae2 y2e89 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">2.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xae3 y2e89 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">89.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xae4 y2e89 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">91.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2e8a ff8c fs5 fc7 sc0 ls57 ws46\">Net book value<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2c1a w19a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xab2 y2c1a w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xae5 y2c1a w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">105.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xae6 y2c1a w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">106.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xae7 y2c1a w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">5.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xae8 y2c1a w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">141.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xae9 y2c1a w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">147.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c1b w154 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">At 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaac y2c1b w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xae0 y2c1b w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">89.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xae1 y2c1b w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">90.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xae2 y2c1b w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaea y2c1b w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">105.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaeb y2c1b w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">106.0<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h3a ff8d fs8 fc7 sc0 ls58 ws47 gs4ab\">1.<span class=\"_ _9\"> </span>Transfers to disposal group assets held for sale in the year ended 31<span class=\"_ gs234\"> </span>December 2023 includes \u00a39.9m that was transferred at 30<span class=\"_ gs234\"> </span>June 2023 and subsequently sold during the second half of the year.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff8d fs5 fc7 sc0 ls9 ws1 gs4ac\">Intangible assets acquired in business combinations comprise committed sale<span class=\"_ _1\"></span>s. Intangible assets capitalised or purchased include capitalised software development (net book value <span class=\"_ _1\"></span><span class=\"ls57 ws46\">2023<span class=\"ls9 ws1\">: </span>\u00a375.6m<span class=\"ls9 ws1\">; </span>2022<span class=\"ls9 ws1\">: </span>\u00a390.9m) and<span class=\"_ _2b5\"> </span></span><span class=\"ls57 ws46\"> </span></div><div class=\"t m0 h38 ff8d fs5 fc7 sc0 ls57 ws46 gs4ad\">purchased software (net book value 2023<span class=\"ls9 ws1\">: </span>\u00a313.9m<span class=\"ls9 ws1\">; </span>2022<span class=\"ls9 ws1\">: </span>\u00a314.4m<span class=\"ls9 ws1\">).<span class=\"_ _2b5\"> </span></span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-480": {
   "value": "3.3 Intangible assets Accounting policies<span class=\"_ _2b5\"> </span>Intangible assets acquired separately are capitalised at cost and tho<span class=\"_ _1\"></span>se identified in a business acquisition are capitalised at fair value at the date of acquisition. In the case of ca<span class=\"_ _1\"></span>pitalised software development costs, research expenditure is written off to the consolidated income statemen<span class=\"_ _1\"></span>t when it is incurred. Development expenditure is similarly written off until the Group is satisfied as to the technical, commercia<span class=\"_ _1\"></span>l and financial viability of individual projects. Where this condition is satisfied, the developme<span class=\"_ _1\"></span>nt expenditure is capitalised and amortised over the period during which the Group is expected to<span class=\"_ _1\"></span> benefit.<span class=\"_ _2b5\"> </span>Following initial recognition, the carrying amount of an intangible a<span class=\"_ _1\"></span>sset is its cost less accumulated amortisation and impairment losses. The useful lives of intangible assets a<span class=\"_ _1\"></span>re assessed to be either finite or indefinite. There were no indefinite-lived assets in <span class=\"_ _1\"></span><span class=\"ls57 ws46\">2023<span class=\"ls9 ws1\"> or </span>2022<span class=\"ls9 ws1\">.<span class=\"_ _2b5\"> </span></span></span>Amortisation:<span class=\"ff8b fc6\"> <span class=\"fc7\">Amortisation is charged on assets with finite lives<span class=\"_ _1\"></span>. The amortisation method used reflects the </span></span>expected pattern of consumption of future economic benefits and<span class=\"_ _1\"></span> generally amortised on a straight-line basis, the amortisation periods used are as follows:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Intangible assets acquired in business combin<span class=\"_ _1\"></span>ations \u2013 1.5 to 20 years.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Intangible assets purchased or internally cap<span class=\"_ _1\"></span>italised \u2013 3 to 20 years.<span class=\"_ _2b5\"> </span>Impairment:<span class=\"ff8b\"> Intangible assets with finite lives are only tested for impairment, e<span class=\"_ _1\"></span>ither individually or at the </span>cash-generating unit level, when there is an indicator of impairment.<span class=\"_ _2b5\"> </span>Derecognition: <span class=\"ff8b\">Intangible assets are derecognised upon disposal, or when no future economic benefit<span class=\"_ _2a\"></span>s are </span>expected to arise from the continued use of the asset (retired). Any gain<span class=\"_ _1\"></span> or loss arising on derecognition of the asset, calculated as the difference between the net disposal pro<span class=\"_ _1\"></span>ceeds and the carrying value of the asset, is included in the consolidated income statement when the asset is d<span class=\"_ _1\"></span>erecognised.<span class=\"_ _2b5\"> </span>The measurement of intangible assets other than goodwill in a business combination: <span class=\"ff8b\">on the </span>acquisition of a business, the identifiable intangible assets may include<span class=\"_ _1\"></span> licences, customer lists and brands. The fair value of these assets is determined by discounting estimated fu<span class=\"_ _1\"></span>ture net cash flows generated by the asset because in most cases no active market for the assets exists and there<span class=\"_ _1\"></span>fore no observable value exists. The use of different assumptions for the expectations of future cash<span class=\"_ _1\"></span> flows and the discount rate would change the valuation of the intangible assets.<span class=\"_ _2b5\"> </span>The assessment of costs capitalised as intangible assets to generate future economic benefits:<span class=\"ff8b ls9 ws1\"> </span>judgement is applied in assessing whether costs incurred, both intern<span class=\"_ _1\"></span>al and external, will generate future economic benefits. Judgements and estimates are applied in dete<span class=\"_ _1\"></span>rmining the carrying value of the assets, including assumptions made in respect of the status of the programme e<span class=\"_ _1\"></span>ach asset relates to. Given the level of judgement and estimation involved in assessing future cash flows, it is re<span class=\"_ _1\"></span>asonably possible that outcomes within the next financial year may be different from managemen<span class=\"_ _1\"></span>t\u2019s assumptions and require an adjustment to the carrying value of intangible assets, however any ad<span class=\"_ _1\"></span>justment is not expected to be material.<span class=\"_ _2b5\"> </span>1<span class=\"_ _2b5\"> </span>1<span class=\"_ _2b5\"> </span><table class=\"s w1b9 h8f\" id=\"_8bef5c7e-0b43-4be8-b760-212c76e2963a\"><tr><td></td><td></td><td></td><td class=\"c n xa6e y2e69 wc7 h69\"><div class=\"t m0 x2bd h3a y2c9f ff8c fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xa6f y2e69 wc7 h67\"><div class=\"t m0 x2bd h3a y2c9f ff8d fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"t m0 xa70 h3b y2e6a ff8c fs8 fc7 sc0 ls58 ws47\">Intangible </td><td></td><td></td><td class=\"t m0 xa71 h3a y2e6a ff8d fs8 fc7 sc0 ls58 ws47\">Intangible<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x8e0 h3b y2e6b ff8c fs8 fc7 sc0 ls58 ws47\">assets </td><td></td><td></td><td class=\"t m0 x56f h3a y2e6b ff8d fs8 fc7 sc0 ls58 ws47\">assets<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 x36c h3b y2e6c ff8c fs8 fc7 sc0 ls58 ws47\">acquired in </td><td class=\"t m0 xa72 h3b y2e6c ff8c fs8 fc7 sc0 ls58 ws47\">Capitalised/<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 x603 h3a y2e6c ff8d fs8 fc7 sc0 ls58 ws47\">acquired in<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xa73 h3a y2e6c ff8d fs8 fc7 sc0 ls58 ws47\">Capitalised/<span class=\"_ _2b5\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 xa74 h3b y2e6d ff8c fs8 fc7 sc0 ls58 ws47\">business </td><td class=\"t m0 x367 h3b y2e6d ff8c fs8 fc7 sc0 ls58 ws47\">purchased<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 xa75 h3a y2e6d ff8d fs8 fc7 sc0 ls58 ws47\">business<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x57b h3a y2e6d ff8d fs8 fc7 sc0 ls58 ws47\">purchased<span class=\"_ _2b5\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 xa76 h3b y2e6e ff8c fs8 fc7 sc0 ls58 ws47\">combinations<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x9f5 h3b y2e6e ff8c fs8 fc7 sc0 ls58 ws47\">software<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x8dd h3b y2e6e ff8c fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xa77 h3a y2e6e ff8d fs8 fc7 sc0 ls58 ws47\">combinations<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xa78 h3a y2e6e ff8d fs8 fc7 sc0 ls58 ws47\">software<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x2b9 h3a y2e6e ff8d fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x37d h3b y2e6f ff8c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xa79 h3b y2e6f ff8c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xa7a h3b y2e6f ff8c fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xa7b h3a y2e6f ff8d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x858 h3a y2e6f ff8d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x383 h3a y2e6f ff8d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y2e70 ff8c fs5 fc7 sc0 ls57 ws46\">Cost<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2e71 w19a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa7c y2e71 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">3.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa7d y2e71 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">194.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa7e y2e71 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">197.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa7f y2e71 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">55.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa80 y2e71 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">222.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x38c y2e71 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">278.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e72 w1a8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa81 y2e72 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa82 y2e72 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">(15.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa83 y2e72 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">(15.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa84 y2e72 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa85 y2e72 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">(33.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa86 y2e72 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">(33.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e73 w1a7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">Additions<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa81 y2e73 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa87 y2e73 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">32.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa88 y2e73 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">32.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa89 y2e73 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa8a y2e73 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">27.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa8b y2e73 we9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">27.<span class=\"_ _2a\"></span>3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e74 w1af h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">Disposals \u2013 included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa8c y2e74 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa8d y2e74 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">(2.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa8e y2e74 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">(2.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa8f y2e74 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa90 y2e74 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">(11.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa91 y2e74 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">(11.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e75 w1b0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">Disposals \u2013 included in business exits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa92 y2e75 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa93 y2e75 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa94 y2e75 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa95 y2e75 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa96 y2e75 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">(0.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa97 y2e75 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">(0.5)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2e76 ff8d fs5 fc7 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2b5\"> </span></td><td class=\"c n xa98 y2e77 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa99 y2e77 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">(15.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa9a y2e77 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">(15.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa9b y2e77 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa9c y2e77 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa9d y2e77 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e78 w1ba h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">Reclassifications to property, plant and equipment<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa81 y2e78 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa9e y2e78 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">1.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa9f y2e78 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">1.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaa0 y2e78 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaa1 y2e78 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaa2 y2e78 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e79 w1b2 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">Asset retirements<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa81 y2e79 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa82 y2e79 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">(20.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa83 y2e79 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">(20.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaa3 y2e79 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">(53.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaa4 y2e79 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">(11.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaa5 y2e79 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">(64.3)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e7a w1ad h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaa6 y2e7a w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaa7 y2e7a w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaa8 y2e7a w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaa9 y2e7a w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaaa y2e7a w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaab y2e7a w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">1.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e7b w154 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">At 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaac y2e7b w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">3.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaad y2e7b w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">175.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaae y2e7b w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">178.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaaf y2e7b w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">3.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xab0 y2e7b w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">194.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xab1 y2e7b w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">197.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2e7c ff8c fs5 fc7 sc0 ls9 ws1\">Amortisation and impairment<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2e7d w19a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xab2 y2e7d w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">2.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xab3 y2e7d w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">89.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xab4 y2e7d w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">91.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xab5 y2e7d w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">49.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xab6 y2e7d w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">81.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xab7 y2e7d w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">130.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e7e w1bb h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">Amortisation charged in the year - included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xab8 y2e7e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xab9 y2e7e w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">25.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaba y2e7e w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">25.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xabb y2e7e w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xabc y2e7e w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">25.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xabd y2e7e w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">25.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e7f w1bc h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">Amortisation charged in the year - excluded from adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xabe y2e7f w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xabf y2e7f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac0 y2e7f w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac1 y2e7f w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">5.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac2 y2e7f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac3 y2e7f w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">5.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e80 w101 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">Amortisation charged in the year - included in business exits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa81 y2e80 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac4 y2e80 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">3.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac5 y2e80 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">3.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac6 y2e80 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac7 y2e80 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">10.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac8 y2e80 we9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">10.<span class=\"_ _2a\"></span>9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e81 w1b6 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">Impairment \u2013 included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa81 y2e81 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac4 y2e81 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">0.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac5 y2e81 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">0.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac6 y2e81 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac9 y2e81 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">5.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x40d y2e81 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">5.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e82 w1b8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">Impairment \u2013 included in business exits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaca y2e82 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xacb y2e82 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xacc y2e82 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xacd y2e82 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa66 y2e82 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xace y2e82 w49 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">0.<span class=\"_ _2a\"></span>8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e83 w1a8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa81 y2e83 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xacf y2e83 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">(7.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xad0 y2e83 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">(7.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xad1 y2e83 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xad2 y2e83 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">(12.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xad3 y2e83 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">(12.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e84 w1af h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">Disposals \u2013 included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa8c y2e84 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa8d y2e84 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">(1.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa8e y2e84 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">(1.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa8f y2e84 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa90 y2e84 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">(10.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa91 y2e84 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">(10.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e85 w1b0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">Disposals \u2013 included in business exits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa92 y2e85 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa93 y2e85 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa94 y2e85 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa95 y2e85 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa96 y2e85 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">(0.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa97 y2e85 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">(0.5)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2e86 ff8d fs5 fc7 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2b5\"> </span></td><td class=\"c n xa98 y2e87 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xad4 y2e87 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">(5.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xad5 y2e87 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">(5.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xad6 y2e87 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xad7 y2e87 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xad8 y2e87 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c15 w1ba h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">Reclassifications to property, plant and equipment<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa81 y2c15 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac4 y2c15 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">0.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac5 y2c15 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">0.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac6 y2c15 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xad9 y2c15 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xada y2c15 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c16 w1b2 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">Asset retirements<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa81 y2c16 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa82 y2c16 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">(20.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xa83 y2c16 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">(20.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaa3 y2c16 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">(53.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaa4 y2c16 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">(11.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaa5 y2c16 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">(64.3)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e88 w1ad h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaa6 y2e88 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xadb y2e88 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xadc y2e88 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xadd y2e88 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xade y2e88 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xadf y2e88 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e89 w154 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">At 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaac y2e89 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">2.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xae0 y2e89 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">85.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xae1 y2e89 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">88.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xae2 y2e89 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">2.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xae3 y2e89 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">89.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xae4 y2e89 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">91.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2e8a ff8c fs5 fc7 sc0 ls57 ws46\">Net book value<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2c1a w19a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xab2 y2c1a w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xae5 y2c1a w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">105.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xae6 y2c1a w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">106.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xae7 y2c1a w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">5.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xae8 y2c1a w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">141.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xae9 y2c1a w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">147.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c1b w154 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls9 ws1\">At 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaac y2c1b w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xae0 y2c1b w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">89.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xae1 y2c1b w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8c fs5 fc7 sc0 ls57 ws46\">90.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xae2 y2c1b w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaea y2c1b w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">105.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaeb y2c1b w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8d fs5 fc7 sc0 ls57 ws46\">106.0<span class=\"_ _2b5\"> </span></div></td></tr></table>1.<span class=\"_ _9\"> </span>Transfers to disposal group assets held for sale in the year ended 31<span class=\"_ gs234\"> </span>December 2023 includes \u00a39.9m that was transferred at 30<span class=\"_ gs234\"> </span>June 2023 and subsequently sold during the second half of the year.<span class=\"_ _2b5\"> </span>Intangible assets acquired in business combinations comprise committed sale<span class=\"_ _1\"></span>s. Intangible assets capitalised or purchased include capitalised software development (net book value <span class=\"_ _1\"></span><span class=\"ls57 ws46\">2023<span class=\"ls9 ws1\">: </span>\u00a375.6m<span class=\"ls9 ws1\">; </span>2022<span class=\"ls9 ws1\">: </span>\u00a390.9m) and<span class=\"_ _2b5\"> </span></span>purchased software (net book value 2023<span class=\"ls9 ws1\">: </span>\u00a313.9m<span class=\"ls9 ws1\">; </span>2022<span class=\"ls9 ws1\">: </span>\u00a314.4m<span class=\"ls9 ws1\">).<span class=\"_ _2b5\"> </span></span>3.4 Goodwill<span class=\"_ _2b5\"> </span>Accounting policies<span class=\"_ _2b5\"> </span>Following initial recognition, goodwill is stated at cost less any accumulated imp<span class=\"_ _1\"></span>airment losses. Goodwill is reviewed for impairment annually or more frequently if events or change<span class=\"_ _1\"></span>s in circumstances indicate that the carrying value may be impaired. Goodwill arising on acquisitions prior to 31<span class=\"_ _1\"></span><span class=\"_ gs15\"> </span>December 1997 remains set off directly against reserves and does not get recycled through the con<span class=\"_ _1\"></span>solidated income statement.<span class=\"_ _2b5\"> </span>At the acquisition date, any goodwill acquired is allocated to the cash-g<span class=\"_ _1\"></span>enerating units (CGU) which are expected to benefit from the combination\u2019s synergies. Impairment is determin<span class=\"_ _1\"></span>ed by assessing the recoverable amount of the CGU to which the goodwill relates. Where the re<span class=\"_ _1\"></span>coverable amount of the CGU is less than the carrying amount, an impairment loss is recognised. Where go<span class=\"_ _1\"></span>odwill forms part of a CGU and part of the operation within that unit is disposed of, the goodwill associa<span class=\"_ _1\"></span>ted with the operation disposed of is included in the carrying amount of the operation when determinin<span class=\"_ _1\"></span>g the gain or loss on disposal of the operation. Goodwill disposed of in these circumstances is measured on th<span class=\"_ _1\"></span>e basis of the relative values of the operation disposed of and the portion of the CGU retained.<span class=\"_ _2b5\"> </span>Acquisitions and disposals of non-controlling interests that do not result in<span class=\"_ _1\"></span> a change of control are accounted for as transactions with owners in their capacity as owners and the<span class=\"_ _1\"></span>refore no goodwill is recognised as a result of such transactions. The adjustments to non-co<span class=\"_ _1\"></span>ntrolling interests are based on a proportionate amount of the net assets of the subsidiary. Any differen<span class=\"_ _1\"></span>ce between the price paid or received and the amount by which non-controlling interests are adjusted is re<span class=\"_ _1\"></span>cognised directly in equity and attributed to the owners of the Parent company.<span class=\"_ _2b5\"> </span>Prior to the adoption of IAS<span class=\"_ gs15\"> </span>27 <span class=\"ff90 ls57 ws46\">Separate Financial Statements (Amended)</span>, goodwill was recognised on<span class=\"_ _1\"></span> the acquisition of non-controlling interests in a subsidiary, which represente<span class=\"_ _1\"></span>d the excess of the cost of the additional investment over the carrying amount of the interest in the n<span class=\"_ _1\"></span>et assets acquired at the date of the transaction.<span class=\"_ _2b5\"> </span>Impairment of goodwill:<span class=\"ff8f\"> the Group determines whether goo<span class=\"_ _1\"></span>dwill is impaired on an annual basis, or more </span>frequently if required, and this requires an estimation of the recovera<span class=\"_ _1\"></span>ble amount of the CGUs to which the intangible assets are allocated utilising an estimation of future cash flows a<span class=\"_ _1\"></span>nd choosing a suitable discount rate.<span class=\"_ _2b5\"> </span><div class=\"gs233\"><table class=\"s w1bd h90\" id=\"_f3f23716-ddc7-4dca-a425-c0b29c891074\"><tr><td></td><td class=\"t m0 x344 h3b y2e8b ff8e fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x345 h3a y2e8b ff8f fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x347 h3b y2e8c ff8e fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2e8c ff8f fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h39 y2e8d ff8e fs5 fc7 sc0 ls57 ws46\">Cost<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x2be y2e8e w19a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaec y2e8e w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8e fs5 fc7 sc0 ls57 ws46\">1,423.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaed y2e8e w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls57 ws46\">1,676.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e8f w1a8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaee y2e8f w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8e fs5 fc7 sc0 ls57 ws46\">(199.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaef y2e8f w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls57 ws46\">(255.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2e90 ff8f fs5 fc7 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2b5\"> </span></td><td class=\"c n xaf0 y2e91 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8e fs5 fc7 sc0 ls57 ws46\">(149.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaf1 y2e91 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e92 w1ad h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ec y2e92 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8e fs5 fc7 sc0 ls9 ws1\">(0.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d1 y2e92 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls57 ws46\">1.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d92 w154 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls9 ws1\">At 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaf2 y2d92 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8e fs5 fc7 sc0 ls57 ws46\">1,074.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaf3 y2d92 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls57 ws46\">1,423.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h39 y2e93 ff8e fs5 fc7 sc0 ls57 ws46\">Accumulated impairment<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x2be y2e94 w19a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9dc y2e94 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8e fs5 fc7 sc0 ls57 ws46\">817.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9dd y2e94 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls57 ws46\">725.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d7e w1a8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaee y2d7e w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8e fs5 fc7 sc0 ls57 ws46\">(196.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaf4 y2d7e w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls57 ws46\">(76.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2e95 ff8f fs5 fc7 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2b5\"> </span></td><td class=\"c n xaf5 y2e10 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8e fs5 fc7 sc0 ls57 ws46\">(84.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaf6 y2e10 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bf6 w1b7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls9 ws1\">Impairment \u2013 excluded from adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x842 y2bf6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8e fs5 fc7 sc0 ls57 ws46\">42.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaf7 y2bf6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls57 ws46\">169.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e12 w154 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls9 ws1\">At 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ed y2e12 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8e fs5 fc7 sc0 ls57 ws46\">578.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x311 y2e12 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls57 ws46\">817.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h39 y2e96 ff8e fs5 fc7 sc0 ls57 ws46\">Net book value<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x2be y2be5 w19a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9dc y2be5 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8e fs5 fc7 sc0 ls57 ws46\">605.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9dd y2be5 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls57 ws46\">951.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w154 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls9 ws1\">At 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ed y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8e fs5 fc7 sc0 ls57 ws46\">495.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x311 y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls57 ws46\">605.9<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h3e ff8f fs1c fc7 sc0 ls9 ws1 gs4ba\">1<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3e ff8f fs1c fc7 sc0 ls9 ws1 gs4bb\">1<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3a ff8f fs8 fc7 sc0 ls58 ws47 gs4bc\">1.<span class=\"_ _9\"> </span>Transfers to disposal group assets held for sale in the year ended 31<span class=\"_ gs234\"> </span>December 2023<span class=\"ls9 ws1\"> inclu</span>des \u00a349.3m that was transferred at 30<span class=\"_ gs234\"> </span>June 2023 </div><div class=\"t m0 h3a ff8f fs8 fc7 sc0 ls58 ws47 gs4bd\">and subsequently sold during the second half of the year.<span class=\"_ _2b5\"> </span></div>Cash-generating units<span class=\"_ _2b5\"> </span>Reflecting the way management exercises oversight and monitors the Grou<span class=\"_ _1\"></span>p\u2019s performance, the lowest level at which goodwill is monitored is at the divisional level for Capita Public Service a<span class=\"_ _1\"></span>nd Capita Experience, and at a sub-divisional level for Capita Portfolio. At <span class=\"_ _1\"></span><span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\">, following the disposal, </span></span>transfer to assets held for sale or transfer to another division of all the busin<span class=\"_ _1\"></span>esses that were under Capita Portfolio, the Group has two remaining CGUs or groups of CGUs for the purpose o<span class=\"_ _1\"></span>f impairment testing of goodwill.<span class=\"_ _2b5\"> </span>Carrying amount of goodwill allocated to groups of CGUs:<span class=\"_ _2b5\"> </span><table class=\"s w1be h91\" id=\"_dae865fc-28e9-4f1a-b721-4a17164a936e\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 xaf8 h3b y2e97 ff91 fs8 fc7 sc0 ls58 ws47\">Capita Portfolio<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c xaf9 y2e98 w18 h4e\"><div class=\"t m0 x26e h3b y229d ff91 fs8 fc7 sc0 ls58 ws47\">Capita  </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xafa h3b y2e99 ff91 fs8 fc7 sc0 ls58 ws47\">Public </td><td class=\"c xafb y2e98 w19 h4e\"><div class=\"t m0 x26f h3b y22a0 ff91 fs8 fc7 sc0 ls58 ws47\">Capita  </div></td><td></td><td class=\"c xafc y2e98 w1a h4e\" colspan=\"2\"><div class=\"t m0 x271 h3b y22a0 ff91 fs8 fc7 sc0 ls58 ws47\">Business  </div></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xafd h3b y2e9a ff91 fs8 fc7 sc0 ls58 ws47\">Service </td><td class=\"t m0 xafe h3b y2e9a ff91 fs8 fc7 sc0 ls58 ws47\">Experience </td><td class=\"t m0 xaff h3b y2e9a ff91 fs8 fc7 sc0 ls58 ws47\">People </td><td class=\"t m0 xb00 h3b y2e9a ff91 fs8 fc7 sc0 ls58 ws47\">Software </td><td class=\"t m0 x697 h3b y2e9a ff91 fs8 fc7 sc0 ls58 ws47\">Solutions </td><td class=\"t m0 x830 h3b y2e9a ff91 fs8 fc7 sc0 ls58 ws47\">Travel </td><td class=\"t m0 xb01 h3b y2e9a ff91 fs8 fc7 sc0 ls58 ws47\">Fera </td><td class=\"t m0 xb02 h3b y2e9a ff91 fs8 fc7 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x2d8 h3a y2e9b ff92 fs8 fc7 sc0 ls58 ws47\">CGU<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb03 h3b y2e9b ff91 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb04 h3b y2e9b ff91 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb05 h3b y2e9b ff91 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb06 h3b y2e9b ff91 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x508 h3b y2e9b ff91 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x6e2 h3b y2e9b ff91 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x6a1 h3b y2e9b ff91 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x6e3 h3b y2e9b ff91 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h38 y2e9c ff92 fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></td><td class=\"c n xb07 y2e9d w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff92 fs5 fc7 sc0 ls57 ws46\">284.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb08 y2e9d w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff92 fs5 fc7 sc0 ls57 ws46\">209.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb09 y2e9d w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff92 fs5 fc7 sc0 ls57 ws46\">1.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb0a y2e9d w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff92 fs5 fc7 sc0 ls57 ws46\">36.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb0b y2e9d w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff92 fs5 fc7 sc0 ls57 ws46\">21.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb0c y2e9d w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff92 fs5 fc7 sc0 ls57 ws46\">36.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb0d y2e9d w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff92 fs5 fc7 sc0 ls57 ws46\">15.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb0e y2e9d w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff92 fs5 fc7 sc0 ls57 ws46\">605.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e9e w1bf h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff92 fs5 fc7 sc0 ls9 ws1\">Reclassifications<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb0f y2e9e w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls57 ws46\">1.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb10 y2e9e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb11 y2e9e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb12 y2e9e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb13 y2e9e w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">(1.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb14 y2e9e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb15 y2e9e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb16 y2e9e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e9f w1a8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff92 fs5 fc7 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb17 y2e9f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb18 y2e9f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb19 y2e9f w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">(1.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb1a y2e9f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb1b y2e9f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb1c y2e9f w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">(1.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb1d y2e9f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x34d y2e9f w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">(3.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c x2be y2ea1 w1c0 h92\"><div class=\"t m0 x2bd h38 y2bd0 ff92 fs5 fc7 sc0 ls9 ws1\">Transfer to assets held for sale</div><div class=\"t m0 xb1e h3e y2ea0 ff92 fs1c fc7 sc0 ls9 ws1\">1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb1f y2d96 w32 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb20 y2d96 w32 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb21 y2d96 w32 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb22 y2d96 w30 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls57 ws46\">(36.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb23 y2d96 w30 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls57 ws46\">(13.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb24 y2d96 w32 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb25 y2d96 w30 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls57 ws46\">(15.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb26 y2d96 w30 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls57 ws46\">(64.3)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2ea2 ff92 fs5 fc7 sc0 ls9 ws1\">Impairment \u2013 excluded from adjusted </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2ea3 w1c1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff92 fs5 fc7 sc0 ls9 ws1\">profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb27 y2ea3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb28 y2ea3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb29 y2ea3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb2a y2ea3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb2b y2ea3 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">(6.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb2c y2ea3 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls57 ws46\">(35.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb2d y2ea3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb2e y2ea3 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls57 ws46\">(42.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ea4 w1ad h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff92 fs5 fc7 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb2f y2ea4 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb30 y2ea4 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">(0.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb31 y2ea4 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb32 y2ea4 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb33 y2ea4 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb34 y2ea4 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb35 y2ea4 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb36 y2ea4 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">(0.5)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w1c2 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls57 ws46\">At 31<span class=\"_ gs15\"> </span>December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb37 y2be6 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls57 ws46\">286.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb38 y2be6 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls57 ws46\">209.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb39 y2be6 w32 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb3a y2be6 w32 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb3b y2be6 w32 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb3c y2be6 w32 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb3d y2be6 w32 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb3e y2be6 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls57 ws46\">495.7<span class=\"_ _2b5\"> </span></div></td></tr></table>1.<span class=\"_ _9\"> </span>Transfers to disposal group assets held for sale in the year ended 31<span class=\"_ gs234\"> </span>December 2023 includes \u00a349.3m that was transferred at 30<span class=\"_ gs234\"> </span>June 2023 and subsequently sold during the second half of the year.<span class=\"_ _2b5\"> </span>Business exits<span class=\"_ _2b5\"> </span>As set out in note<span class=\"_ gs15\"> </span>2.8, six businesses were fully disposed of d<span class=\"_ _1\"></span>uring the year. Goodwill relating to all of these businesses is included within the Group\u2019s brought forward goodwill ba<span class=\"_ _1\"></span>lances at 1<span class=\"_ gs15\"> </span>January <span class=\"ls57 ws46\">2023, and has </span>either been impaired during the course of the year, or derecog<span class=\"_ _1\"></span>nised as part of business disposals.<span class=\"_ _2b5\"> </span>The Group\u2019s shareholding in Fera Science Limited was deemed to<span class=\"_ _1\"></span> have met the threshold to be treated as held for sale at 31<span class=\"_ gs15\"> </span>December 2023, with goodwill relating to this busin<span class=\"_ _1\"></span>ess (Fera) reclassified to disposal group assets held for sale.<span class=\"_ _2b5\"> </span>One business within the Capita Public Service division met the criteria to be treated<span class=\"_ _1\"></span> as a business exit at 31<span class=\"_ gs15\"> </span>December 2023, however there is no goodwill attributable to th<span class=\"_ _1\"></span>is business.<span class=\"_ _2b5\"> </span>The impairment test<span class=\"_ _2b5\"> </span>In undertaking the annual impairment review, the directors considere<span class=\"_ _1\"></span>d both internal and external sources of information, and any observable indications that may suggest that th<span class=\"_ _1\"></span>e carrying value of goodwill may be impaired. This included a comparison with the Group\u2019s share price and<span class=\"_ _1\"></span> market capitalisation.<span class=\"_ _2b5\"> </span>The Group\u2019s impairment test compares the carrying value of each CGU with its recove<span class=\"_ _1\"></span>rable amount. The recoverable amount of a CGU is the higher of fair value less cost of disposal, a<span class=\"_ _1\"></span>nd its value in use. As the Group implements the Group-wide cost reduction programme announced in November 2023 and r<span class=\"_ _2a\"></span>eferred to in <span class=\"ls9 ws1\">the strategic report and </span>note<span class=\"ls9 ws1\"><span class=\"_ gs15\"> </span></span>2.4<span class=\"ls9 ws1\">, and continues to be committed to<span class=\"_ _1\"></span> evaluating additional cost savings </span>opportunities, it has been determined that at 31<span class=\"_ _1\"></span><span class=\"_ gs15\"> </span>December 2023, fair value less costs of disposal will generate the higher recoverable amount.<span class=\"_ _2b5\"> </span>The valuation of CGUs under fair value less costs of disposal assumes that a th<span class=\"_ _1\"></span>ird-party acquirer will undertake a similar plan to derive similar benefits in the business going<span class=\"_ _1\"></span> forward. The enterprise value of each CGU is dependent on the successful implementation of the cost red<span class=\"_ _1\"></span>uction programme.<span class=\"_ _2b5\"> </span>Fair value less costs of disposal for each CGU has been estimated using discou<span class=\"_ _1\"></span>nted cash flows. The fair value measurement was categorised as a Level-3 fair value based o<span class=\"_ _1\"></span>n the inputs in the valuation technique used. The costs of disposal have been estimated based on the Gro<span class=\"_ _1\"></span>ups\u2019 significant disposals in recent years.<span class=\"_ _2b5\"> </span>At 30<span class=\"_ gs15\"> </span>June 2023, a goodwill impairment of <span class=\"_ _1\"></span><span class=\"ls57 ws46\">\u00a335.3m<span class=\"ls9 ws1\"> was recognised in respect of the Travel CGU. This </span></span>impairment arose primarily due to the expectation of acquirers factoring in<span class=\"_ _1\"></span> additional investment and costs required to run the businesses outside of the Group, and gen<span class=\"_ _1\"></span>eral macroeconomic conditions. The Travel CGU was disposed of in the second half of <span class=\"ls57 ws46\">2023</span>.<span class=\"_ _2b5\"> </span>In addition, an impairment of <span class=\"ls57 ws46\">\u00a36.9m</span> was recognised at 30<span class=\"_ gs15\"> </span>Ju<span class=\"_ _1\"></span>ne 2023 in respect of a business in the Business Solutions group of CGUs in Capita Portfolio. Since the disposal process for th<span class=\"_ _1\"></span>is business was less far advanced, the recoverable amount of the CGU, being its value-in-use<span class=\"_ _1\"></span>, was calculated based on operating the business into perpetuity. The goodwill impairment a<span class=\"_ _1\"></span>rose primarily due to a negotiated exit of an end customer, which negatively impacted the forecast financial perfo<span class=\"_ _1\"></span>rmance of the business. In the second half of 2023<span class=\"ls9 ws1\"> this business was moved into the Capita Public Service division and CGU.<span class=\"_ _2b5\"> </span></span>At <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span>, the estimated recoverable amount of each remaining Group o<span class=\"_ _1\"></span>f CGUs exceeded its respective carrying value. The key inputs to the calculations are described<span class=\"_ _1\"></span> below, including changes in market conditions.<span class=\"_ _2b5\"> </span><div class=\"t m0 h38 ff94 fs5 fc6 sc0 ls9 ws1 gs4ee\">Forecast cash flows<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs4ef\">The cash flow projections prepared for the impairment test are derived<span class=\"_ _1\"></span> from the 2024-2026 business plans </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs4f0\">(BP) approved by the Board, which are prepared on a nominal basis. Ke<span class=\"_ _1\"></span>y assumptions in the BP include the </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs1d9\">delivery of planned revenue growth and the benefits that the co<span class=\"_ _1\"></span>st reduction programme is anticipated to </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs1da\">deliver, in particular in the Capita Experience CGU given recent past performan<span class=\"_ _1\"></span>ce.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls57 ws46 gs4f1\">The going concern severe but plausible downside scenarios have taken account of the potential<span class=\"_ _2a\"></span> adverse </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs4f2\">financial impacts resulting from the following risks, which include the key assumptions n<span class=\"_ _1\"></span>oted above:<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs4f3\">\u2022<span class=\"_ _ae\"> </span>revenue growth falling materially short of plan;<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs1de\">\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">operating profit margin expansion not being achieved;<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs1df\">\u2022<span class=\"_ _ae\"> </span>targeted cost savings delayed or not delivere<span class=\"_ _1\"></span>d;<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs4f4\">\u2022<span class=\"_ _ae\"> </span>additional inflationary cost impacts which cannot b<span class=\"_ _1\"></span>e passed on to customers;<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs4f5\">\u2022<span class=\"_ _ae\"> </span>unforeseen operational issues leading<span class=\"_ _1\"></span> to contract losses and cash outflows; and<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs4f6\">\u2022<span class=\"_ _ae\"> </span>unexpected financial costs linked to incidents such<span class=\"_ _1\"></span> as data breaches and/or cyber-attacks.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs4f7\">As such, the below sensitivity analysis includes assessing the impact of these crystallising o<span class=\"_ _1\"></span>n the </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs4f8\">impairment test performed.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs4f9\">Other than for movements in deferred income and contract fulfilment assets, cash<span class=\"_ _1\"></span> flows are adjusted to </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs1e6\">exclude working capital movements since the corresponding balance<span class=\"_ _1\"></span>s are not included in the CGU carrying </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls57 ws46 gs4fa\">amount.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc6 sc0 ls9 ws1 gs4fb\">Allocation of central function costs<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls57 ws46 gs1e9\">The Board has considered an appropriate methodology to apply when allocating central funct<span class=\"_ _2a\"></span>ion costs. The </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls57 ws46 gs4fc\">methodology applied for the 2023<span class=\"ls9 ws1\"> impairment test was aligned to that applied in reporting segmental </span></div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs1eb\">performance (refer to note <span class=\"ls57 ws46\">2.5). The </span>remaining Group related co<span class=\"_ _1\"></span>sts of Capita plc, which have not been </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs4fd\">allocated as part of segmental reporting, are allocated to CGUs for impairme<span class=\"_ _1\"></span>nt testing purposes based on </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs4fe\">2024 forecast Earnings before Interest, Tax, Depreciation and Amortisa<span class=\"_ _1\"></span>tion (EBITDA).<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc6 sc0 ls9 ws1 gs4ff\">Long-term growth rate<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs500\">The long-term growth rate is based on economic growth forecasts by reco<span class=\"_ _1\"></span>gnised bodies and this has been </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs1f0\">applied to forecast cash flows for years four and five (2027 and 202<span class=\"_ _1\"></span>8) and for the terminal period. The <span class=\"ls57 ws46\">2023</span> </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs501\">long-term growth rate is 1.7% (<span class=\"ls57 ws46\">2022</span>: 2.2%).<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc6 sc0 ls9 ws1 gs503\">Discount rates<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs504\">Management estimates discount rates using nominal pre-tax rates of comp<span class=\"_ _1\"></span>arator companies for each CGU </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs505\">or group of CGUs. The discount rates reflect the latest market assumptions for the<span class=\"_ _1\"></span> risk-free rate, the equity </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs506\">risk premium and the net cost of debt, and which are all based on pu<span class=\"_ _1\"></span>blicly available external sources.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs507\">The table below presents the pre-tax discount rates applied to th<span class=\"_ _1\"></span>e cash flows for <span class=\"ls57 ws46\">2023 and 2022</span>.<span class=\"_ _2b5\"> </span></div><div class=\"gs508\"><table class=\"s wfd h93\" id=\"_f384c4f6-e7c2-4d4d-a865-90a849a60f72\"><tr><td></td><td class=\"t m0 xb3f h3b y2ea5 ff93 fs8 fc7 sc0 ls58 ws47\">Capita Public </td><td class=\"t m0 x809 h3b y2ea5 ff93 fs8 fc7 sc0 ls58 ws47\">Capita </td></tr><tr><td></td><td class=\"t m0 xb40 h3b y2ea6 ff93 fs8 fc7 sc0 ls58 ws47\">Service<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb41 h3b y2ea6 ff93 fs8 fc7 sc0 ls58 ws47\">Experience<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2be5 w1c3 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff93 fs5 fc7 sc0 ls57 ws46\">2023<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb42 y2be5 w1c4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff94 fs5 fc7 sc0 ls57 ws46\">11.0 <span class=\"_ _7\"></span>%<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb43 y2be5 w1c5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff94 fs5 fc7 sc0 ls61 ws50\">9 . 2  <span class=\"_ _7\"></span>%<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w1c3 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff93 fs5 fc7 sc0 ls57 ws46\">2022<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb42 y2be6 w1c4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff94 fs5 fc7 sc0 ls57 ws46\">11.8 <span class=\"_ _7\"></span>%<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb44 y2be6 w1c4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff94 fs5 fc7 sc0 ls57 ws46\">10.4 <span class=\"_ _7\"></span>%<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h39 ff93 fs5 fc6 sc0 ls57 ws46 gs509\">Sensitivity analysis<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs50a\">The impairment testing as described is reliant on the reliability of manag<span class=\"_ _1\"></span>ement\u2019s forecasts and the </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs50b\">assumptions that underlie them; and on the selection of the discoun<span class=\"_ _1\"></span>t and growth rates to be applied. To </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs50c\">gauge the sensitivity of the result to a change in any one, or combina<span class=\"_ _1\"></span>tion of the assumptions that underlie </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs50d\">the model, a number of scenarios were developed to identify the ra<span class=\"_ _1\"></span>nge of reasonably possible alternatives </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs50e\">and measure which CGUs are the most susceptible to an impairment should th<span class=\"_ _1\"></span>e assumptions used be </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls57 ws46 gs50f\">varied.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs510\">The sensitivity scenarios applied estimate potential impairments required<span class=\"_ _1\"></span> (with all other variables being </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs511\">equal) through: an increase in discount rate of 1%, or a decrease<span class=\"_ _1\"></span> of 1% in the long-term growth rate (for the </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs512\">terminal period) for the Group in total and each of the CGUs; or, through<span class=\"_ _1\"></span> the severe but plausible downsides </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs513\">applied to the base-case projections for assessing going concern a<span class=\"_ _1\"></span>nd viability, without mitigations, for 2024 </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs514\">to 2026, and the long-term growth rate (1.7%) applied to the 20<span class=\"_ _1\"></span>26 downside cash flows to generate </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs515\">projected cash flows for 2027, 2028, and the terminal period. We h<span class=\"_ _1\"></span>ave also considered the impact of all of </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs516\">the scenarios together, which is also a reasonable possible alterna<span class=\"_ _1\"></span>tive.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs517\">No potential impairments have been identified under any of these<span class=\"_ _1\"></span> sensitivity scenarios, including the </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs518\">combination sensitivity scenario.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff93 fs5 fc6 sc0 ls57 ws46 gs519\">Comparison to share price and market capitalisation<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs51a\">The company\u2019s market capitalisation indicates an enterprise value that co<span class=\"_ _1\"></span>ntinues to be significantly less </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs51b\">than the Group\u2019s sum-of-the-parts CGU valuation based upon the mode<span class=\"_ _1\"></span>l prepared for impairment testing </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs51c\">purposes at 31<span class=\"_ gs15\"> </span>December 2023. The directors gave consideratio<span class=\"_ _1\"></span>n as to why this might be the case and the </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs51d\">reasonableness of the assumptions used within the impairment mode<span class=\"_ _1\"></span>l, and whether these points could </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs51e\">indicate additional indicators of impairment in respect of the Group\u2019s go<span class=\"_ _1\"></span>odwill balances.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs51f\">The factors considered included: the differing basis of valuations (in<span class=\"_ _1\"></span>cluding that third parties value the </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs520\">services sector on income statement multiples versus long-term view using a discoun<span class=\"_ _1\"></span>ted cash flow for the </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs521\">basis of impairment testing under accounting standards), sum-of-the-pa<span class=\"_ _1\"></span>rts view and the multiples achieved </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs522\">on recent disposals, general market assumptions of the sector which can ig<span class=\"_ _1\"></span>nore the liquidity profile and </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs523\">specific risks of an entity, and other specific items impacting the market\u2019s view of the Group<span class=\"_ _1\"></span> at the moment.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs524\">Taking these points into consideration, the Board are comfortable th<span class=\"_ _1\"></span>at there is no impairment in respect of </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls9 ws1 gs525\">goodwill to be recognised at 31<span class=\"_ gs15\"> </span>December 2023, despite the con<span class=\"_ _1\"></span>tinuing low market capitalisation of the </div><div class=\"t m0 h38 ff94 fs5 fc7 sc0 ls57 ws46 gs526\">Group.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-463": {
   "value": "Accounting policies<span class=\"_ _2b5\"> </span>Intangible assets acquired separately are capitalised at cost and tho<span class=\"_ _1\"></span>se identified in a business acquisition are capitalised at fair value at the date of acquisition. In the case of ca<span class=\"_ _1\"></span>pitalised software development costs, research expenditure is written off to the consolidated income statemen<span class=\"_ _1\"></span>t when it is incurred. Development expenditure is similarly written off until the Group is satisfied as to the technical, commercia<span class=\"_ _1\"></span>l and financial viability of individual projects. Where this condition is satisfied, the developme<span class=\"_ _1\"></span>nt expenditure is capitalised and amortised over the period during which the Group is expected to<span class=\"_ _1\"></span> benefit.<span class=\"_ _2b5\"> </span>Following initial recognition, the carrying amount of an intangible a<span class=\"_ _1\"></span>sset is its cost less accumulated amortisation and impairment losses. The useful lives of intangible assets a<span class=\"_ _1\"></span>re assessed to be either finite or indefinite. There were no indefinite-lived assets in <span class=\"_ _1\"></span><span class=\"ls57 ws46\">2023<span class=\"ls9 ws1\"> or </span>2022<span class=\"ls9 ws1\">.<span class=\"_ _2b5\"> </span></span></span>Amortisation:<span class=\"ff8b fc6\"> <span class=\"fc7\">Amortisation is charged on assets with finite lives<span class=\"_ _1\"></span>. The amortisation method used reflects the </span></span>expected pattern of consumption of future economic benefits and<span class=\"_ _1\"></span> generally amortised on a straight-line basis, the amortisation periods used are as follows:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Intangible assets acquired in business combin<span class=\"_ _1\"></span>ations \u2013 1.5 to 20 years.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Intangible assets purchased or internally cap<span class=\"_ _1\"></span>italised \u2013 3 to 20 years.<span class=\"_ _2b5\"> </span>Impairment:<span class=\"ff8b\"> Intangible assets with finite lives are only tested for impairment, e<span class=\"_ _1\"></span>ither individually or at the </span>cash-generating unit level, when there is an indicator of impairment.<span class=\"_ _2b5\"> </span>Derecognition: <span class=\"ff8b\">Intangible assets are derecognised upon disposal, or when no future economic benefit<span class=\"_ _2a\"></span>s are </span>expected to arise from the continued use of the asset (retired). Any gain<span class=\"_ _1\"></span> or loss arising on derecognition of the asset, calculated as the difference between the net disposal pro<span class=\"_ _1\"></span>ceeds and the carrying value of the asset, is included in the consolidated income statement when the asset is d<span class=\"_ _1\"></span>erecognised.<span class=\"_ _2b5\"> </span>The measurement of intangible assets other than goodwill in a business combination: <span class=\"ff8b\">on the </span>acquisition of a business, the identifiable intangible assets may include<span class=\"_ _1\"></span> licences, customer lists and brands. The fair value of these assets is determined by discounting estimated fu<span class=\"_ _1\"></span>ture net cash flows generated by the asset because in most cases no active market for the assets exists and there<span class=\"_ _1\"></span>fore no observable value exists. The use of different assumptions for the expectations of future cash<span class=\"_ _1\"></span> flows and the discount rate would change the valuation of the intangible assets.<span class=\"_ _2b5\"> </span>The assessment of costs capitalised as intangible assets to generate future economic benefits:<span class=\"ff8b ls9 ws1\"> </span>judgement is applied in assessing whether costs incurred, both intern<span class=\"_ _1\"></span>al and external, will generate future economic benefits. Judgements and estimates are applied in dete<span class=\"_ _1\"></span>rmining the carrying value of the assets, including assumptions made in respect of the status of the programme e<span class=\"_ _1\"></span>ach asset relates to. Given the level of judgement and estimation involved in assessing future cash flows, it is re<span class=\"_ _1\"></span>asonably possible that outcomes within the next financial year may be different from managemen<span class=\"_ _1\"></span>t\u2019s assumptions and require an adjustment to the carrying value of intangible assets, however any ad<span class=\"_ _1\"></span>justment is not expected to be material.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsOtherThanGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-452": {
   "value": "Accounting policies<span class=\"_ _2b5\"> </span>Intangible assets acquired separately are capitalised at cost and tho<span class=\"_ _1\"></span>se identified in a business acquisition are capitalised at fair value at the date of acquisition. In the case of ca<span class=\"_ _1\"></span>pitalised software development costs, research expenditure is written off to the consolidated income statemen<span class=\"_ _1\"></span>t when it is incurred. Development expenditure is similarly written off until the Group is satisfied as to the technical, commercia<span class=\"_ _1\"></span>l and financial viability of individual projects. Where this condition is satisfied, the developme<span class=\"_ _1\"></span>nt expenditure is capitalised and amortised over the period during which the Group is expected to<span class=\"_ _1\"></span> benefit.<span class=\"_ _2b5\"> </span>Following initial recognition, the carrying amount of an intangible a<span class=\"_ _1\"></span>sset is its cost less accumulated amortisation and impairment losses. The useful lives of intangible assets a<span class=\"_ _1\"></span>re assessed to be either finite or indefinite. There were no indefinite-lived assets in <span class=\"_ _1\"></span><span class=\"ls57 ws46\">2023<span class=\"ls9 ws1\"> or </span>2022<span class=\"ls9 ws1\">.<span class=\"_ _2b5\"> </span></span></span>Amortisation:<span class=\"ff8b fc6\"> <span class=\"fc7\">Amortisation is charged on assets with finite lives<span class=\"_ _1\"></span>. The amortisation method used reflects the </span></span>expected pattern of consumption of future economic benefits and<span class=\"_ _1\"></span> generally amortised on a straight-line basis, the amortisation periods used are as follows:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Intangible assets acquired in business combin<span class=\"_ _1\"></span>ations \u2013 1.5 to 20 years.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Intangible assets purchased or internally cap<span class=\"_ _1\"></span>italised \u2013 3 to 20 years.<span class=\"_ _2b5\"> </span>Impairment:<span class=\"ff8b\"> Intangible assets with finite lives are only tested for impairment, e<span class=\"_ _1\"></span>ither individually or at the </span>cash-generating unit level, when there is an indicator of impairment.<span class=\"_ _2b5\"> </span>Derecognition: <span class=\"ff8b\">Intangible assets are derecognised upon disposal, or when no future economic benefit<span class=\"_ _2a\"></span>s are </span>expected to arise from the continued use of the asset (retired). Any gain<span class=\"_ _1\"></span> or loss arising on derecognition of the asset, calculated as the difference between the net disposal pro<span class=\"_ _1\"></span>ceeds and the carrying value of the asset, is included in the consolidated income statement when the asset is d<span class=\"_ _1\"></span>erecognised.<span class=\"_ _2b5\"> </span>The measurement of intangible assets other than goodwill in a business combination: <span class=\"ff8b\">on the </span>acquisition of a business, the identifiable intangible assets may include<span class=\"_ _1\"></span> licences, customer lists and brands. The fair value of these assets is determined by discounting estimated fu<span class=\"_ _1\"></span>ture net cash flows generated by the asset because in most cases no active market for the assets exists and there<span class=\"_ _1\"></span>fore no observable value exists. The use of different assumptions for the expectations of future cash<span class=\"_ _1\"></span> flows and the discount rate would change the valuation of the intangible assets.<span class=\"_ _2b5\"> </span>The assessment of costs capitalised as intangible assets to generate future economic benefits:<span class=\"ff8b ls9 ws1\"> </span>judgement is applied in assessing whether costs incurred, both intern<span class=\"_ _1\"></span>al and external, will generate future economic benefits. Judgements and estimates are applied in dete<span class=\"_ _1\"></span>rmining the carrying value of the assets, including assumptions made in respect of the status of the programme e<span class=\"_ _1\"></span>ach asset relates to. Given the level of judgement and estimation involved in assessing future cash flows, it is re<span class=\"_ _1\"></span>asonably possible that outcomes within the next financial year may be different from managemen<span class=\"_ _1\"></span>t\u2019s assumptions and require an adjustment to the carrying value of intangible assets, however any ad<span class=\"_ _1\"></span>justment is not expected to be material.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForIntangibleAssetsAndGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-506": {
   "value": "3.4 Goodwill<span class=\"_ _2b5\"> </span>Accounting policies<span class=\"_ _2b5\"> </span>Following initial recognition, goodwill is stated at cost less any accumulated imp<span class=\"_ _1\"></span>airment losses. Goodwill is reviewed for impairment annually or more frequently if events or change<span class=\"_ _1\"></span>s in circumstances indicate that the carrying value may be impaired. Goodwill arising on acquisitions prior to 31<span class=\"_ _1\"></span><span class=\"_ gs15\"> </span>December 1997 remains set off directly against reserves and does not get recycled through the con<span class=\"_ _1\"></span>solidated income statement.<span class=\"_ _2b5\"> </span>At the acquisition date, any goodwill acquired is allocated to the cash-g<span class=\"_ _1\"></span>enerating units (CGU) which are expected to benefit from the combination\u2019s synergies. Impairment is determin<span class=\"_ _1\"></span>ed by assessing the recoverable amount of the CGU to which the goodwill relates. Where the re<span class=\"_ _1\"></span>coverable amount of the CGU is less than the carrying amount, an impairment loss is recognised. Where go<span class=\"_ _1\"></span>odwill forms part of a CGU and part of the operation within that unit is disposed of, the goodwill associa<span class=\"_ _1\"></span>ted with the operation disposed of is included in the carrying amount of the operation when determinin<span class=\"_ _1\"></span>g the gain or loss on disposal of the operation. Goodwill disposed of in these circumstances is measured on th<span class=\"_ _1\"></span>e basis of the relative values of the operation disposed of and the portion of the CGU retained.<span class=\"_ _2b5\"> </span>Acquisitions and disposals of non-controlling interests that do not result in<span class=\"_ _1\"></span> a change of control are accounted for as transactions with owners in their capacity as owners and the<span class=\"_ _1\"></span>refore no goodwill is recognised as a result of such transactions. The adjustments to non-co<span class=\"_ _1\"></span>ntrolling interests are based on a proportionate amount of the net assets of the subsidiary. Any differen<span class=\"_ _1\"></span>ce between the price paid or received and the amount by which non-controlling interests are adjusted is re<span class=\"_ _1\"></span>cognised directly in equity and attributed to the owners of the Parent company.<span class=\"_ _2b5\"> </span>Prior to the adoption of IAS<span class=\"_ gs15\"> </span>27 <span class=\"ff90 ls57 ws46\">Separate Financial Statements (Amended)</span>, goodwill was recognised on<span class=\"_ _1\"></span> the acquisition of non-controlling interests in a subsidiary, which represente<span class=\"_ _1\"></span>d the excess of the cost of the additional investment over the carrying amount of the interest in the n<span class=\"_ _1\"></span>et assets acquired at the date of the transaction.<span class=\"_ _2b5\"> </span>Impairment of goodwill:<span class=\"ff8f\"> the Group determines whether goo<span class=\"_ _1\"></span>dwill is impaired on an annual basis, or more </span>frequently if required, and this requires an estimation of the recovera<span class=\"_ _1\"></span>ble amount of the CGUs to which the intangible assets are allocated utilising an estimation of future cash flows a<span class=\"_ _1\"></span>nd choosing a suitable discount rate.<span class=\"_ _2b5\"> </span><table class=\"s w1bd h90\" id=\"_f3f23716-ddc7-4dca-a425-c0b29c891074\"><tr><td></td><td class=\"t m0 x344 h3b y2e8b ff8e fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x345 h3a y2e8b ff8f fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x347 h3b y2e8c ff8e fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2e8c ff8f fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h39 y2e8d ff8e fs5 fc7 sc0 ls57 ws46\">Cost<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x2be y2e8e w19a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaec y2e8e w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8e fs5 fc7 sc0 ls57 ws46\">1,423.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaed y2e8e w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls57 ws46\">1,676.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e8f w1a8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaee y2e8f w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8e fs5 fc7 sc0 ls57 ws46\">(199.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaef y2e8f w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls57 ws46\">(255.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2e90 ff8f fs5 fc7 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2b5\"> </span></td><td class=\"c n xaf0 y2e91 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8e fs5 fc7 sc0 ls57 ws46\">(149.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaf1 y2e91 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e92 w1ad h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ec y2e92 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8e fs5 fc7 sc0 ls9 ws1\">(0.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d1 y2e92 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls57 ws46\">1.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d92 w154 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls9 ws1\">At 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaf2 y2d92 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8e fs5 fc7 sc0 ls57 ws46\">1,074.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaf3 y2d92 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls57 ws46\">1,423.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h39 y2e93 ff8e fs5 fc7 sc0 ls57 ws46\">Accumulated impairment<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x2be y2e94 w19a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9dc y2e94 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8e fs5 fc7 sc0 ls57 ws46\">817.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9dd y2e94 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls57 ws46\">725.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d7e w1a8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaee y2d7e w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8e fs5 fc7 sc0 ls57 ws46\">(196.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaf4 y2d7e w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls57 ws46\">(76.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2e95 ff8f fs5 fc7 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2b5\"> </span></td><td class=\"c n xaf5 y2e10 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8e fs5 fc7 sc0 ls57 ws46\">(84.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaf6 y2e10 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bf6 w1b7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls9 ws1\">Impairment \u2013 excluded from adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x842 y2bf6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8e fs5 fc7 sc0 ls57 ws46\">42.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xaf7 y2bf6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls57 ws46\">169.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e12 w154 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls9 ws1\">At 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ed y2e12 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8e fs5 fc7 sc0 ls57 ws46\">578.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x311 y2e12 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls57 ws46\">817.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h39 y2e96 ff8e fs5 fc7 sc0 ls57 ws46\">Net book value<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x2be y2be5 w19a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9dc y2be5 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8e fs5 fc7 sc0 ls57 ws46\">605.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9dd y2be5 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls57 ws46\">951.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w154 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls9 ws1\">At 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ed y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff8e fs5 fc7 sc0 ls57 ws46\">495.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x311 y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff8f fs5 fc7 sc0 ls57 ws46\">605.9<span class=\"_ _2b5\"> </span></div></td></tr></table>1<span class=\"_ _2b5\"> </span>1<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span>Transfers to disposal group assets held for sale in the year ended 31<span class=\"_ gs234\"> </span>December 2023<span class=\"ls9 ws1\"> inclu</span>des \u00a349.3m that was transferred at 30<span class=\"_ gs234\"> </span>June 2023 and subsequently sold during the second half of the year.<span class=\"_ _2b5\"> </span><div class=\"t m0 h39 ff91 fs5 fc6 sc0 ls57 ws46 gs4bf\">Cash-generating units<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4c0\">Reflecting the way management exercises oversight and monitors the Grou<span class=\"_ _1\"></span>p\u2019s performance, the lowest </div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4c1\">level at which goodwill is monitored is at the divisional level for Capita Public Service a<span class=\"_ _1\"></span>nd Capita </div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4c2\">Experience, and at a sub-divisional level for Capita Portfolio. At <span class=\"_ _1\"></span><span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\">, following the disposal, </span></span></div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4c3\">transfer to assets held for sale or transfer to another division of all the busin<span class=\"_ _1\"></span>esses that were under Capita </div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4c4\">Portfolio, the Group has two remaining CGUs or groups of CGUs for the purpose o<span class=\"_ _1\"></span>f impairment testing of </div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls57 ws46 gs4c5\">goodwill.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4c6\">Carrying amount of goodwill allocated to groups of CGUs:<span class=\"_ _2b5\"> </span></div><div class=\"gs4c7\"><table class=\"s w1be h91\" id=\"_dae865fc-28e9-4f1a-b721-4a17164a936e\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 xaf8 h3b y2e97 ff91 fs8 fc7 sc0 ls58 ws47\">Capita Portfolio<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"c xaf9 y2e98 w18 h4e\"><div class=\"t m0 x26e h3b y229d ff91 fs8 fc7 sc0 ls58 ws47\">Capita  </div></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xafa h3b y2e99 ff91 fs8 fc7 sc0 ls58 ws47\">Public </td><td class=\"c xafb y2e98 w19 h4e\"><div class=\"t m0 x26f h3b y22a0 ff91 fs8 fc7 sc0 ls58 ws47\">Capita  </div></td><td></td><td class=\"c xafc y2e98 w1a h4e\" colspan=\"2\"><div class=\"t m0 x271 h3b y22a0 ff91 fs8 fc7 sc0 ls58 ws47\">Business  </div></td><td></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xafd h3b y2e9a ff91 fs8 fc7 sc0 ls58 ws47\">Service </td><td class=\"t m0 xafe h3b y2e9a ff91 fs8 fc7 sc0 ls58 ws47\">Experience </td><td class=\"t m0 xaff h3b y2e9a ff91 fs8 fc7 sc0 ls58 ws47\">People </td><td class=\"t m0 xb00 h3b y2e9a ff91 fs8 fc7 sc0 ls58 ws47\">Software </td><td class=\"t m0 x697 h3b y2e9a ff91 fs8 fc7 sc0 ls58 ws47\">Solutions </td><td class=\"t m0 x830 h3b y2e9a ff91 fs8 fc7 sc0 ls58 ws47\">Travel </td><td class=\"t m0 xb01 h3b y2e9a ff91 fs8 fc7 sc0 ls58 ws47\">Fera </td><td class=\"t m0 xb02 h3b y2e9a ff91 fs8 fc7 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x2d8 h3a y2e9b ff92 fs8 fc7 sc0 ls58 ws47\">CGU<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb03 h3b y2e9b ff91 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb04 h3b y2e9b ff91 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb05 h3b y2e9b ff91 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb06 h3b y2e9b ff91 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x508 h3b y2e9b ff91 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x6e2 h3b y2e9b ff91 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x6a1 h3b y2e9b ff91 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x6e3 h3b y2e9b ff91 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h38 y2e9c ff92 fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></td><td class=\"c n xb07 y2e9d w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff92 fs5 fc7 sc0 ls57 ws46\">284.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb08 y2e9d w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff92 fs5 fc7 sc0 ls57 ws46\">209.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb09 y2e9d w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff92 fs5 fc7 sc0 ls57 ws46\">1.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb0a y2e9d w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff92 fs5 fc7 sc0 ls57 ws46\">36.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb0b y2e9d w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff92 fs5 fc7 sc0 ls57 ws46\">21.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb0c y2e9d w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff92 fs5 fc7 sc0 ls57 ws46\">36.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb0d y2e9d w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff92 fs5 fc7 sc0 ls57 ws46\">15.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb0e y2e9d w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff92 fs5 fc7 sc0 ls57 ws46\">605.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e9e w1bf h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff92 fs5 fc7 sc0 ls9 ws1\">Reclassifications<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb0f y2e9e w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls57 ws46\">1.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb10 y2e9e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb11 y2e9e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb12 y2e9e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb13 y2e9e w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">(1.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb14 y2e9e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb15 y2e9e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb16 y2e9e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e9f w1a8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff92 fs5 fc7 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb17 y2e9f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb18 y2e9f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb19 y2e9f w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">(1.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb1a y2e9f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb1b y2e9f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb1c y2e9f w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">(1.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb1d y2e9f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x34d y2e9f w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">(3.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c x2be y2ea1 w1c0 h92\"><div class=\"t m0 x2bd h38 y2bd0 ff92 fs5 fc7 sc0 ls9 ws1\">Transfer to assets held for sale</div><div class=\"t m0 xb1e h3e y2ea0 ff92 fs1c fc7 sc0 ls9 ws1\">1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb1f y2d96 w32 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb20 y2d96 w32 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb21 y2d96 w32 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb22 y2d96 w30 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls57 ws46\">(36.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb23 y2d96 w30 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls57 ws46\">(13.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb24 y2d96 w32 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb25 y2d96 w30 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls57 ws46\">(15.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb26 y2d96 w30 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls57 ws46\">(64.3)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2ea2 ff92 fs5 fc7 sc0 ls9 ws1\">Impairment \u2013 excluded from adjusted </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2ea3 w1c1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff92 fs5 fc7 sc0 ls9 ws1\">profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb27 y2ea3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb28 y2ea3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb29 y2ea3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb2a y2ea3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb2b y2ea3 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">(6.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb2c y2ea3 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls57 ws46\">(35.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb2d y2ea3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb2e y2ea3 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls57 ws46\">(42.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ea4 w1ad h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff92 fs5 fc7 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb2f y2ea4 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb30 y2ea4 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">(0.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb31 y2ea4 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb32 y2ea4 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb33 y2ea4 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb34 y2ea4 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb35 y2ea4 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb36 y2ea4 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff91 fs5 fc7 sc0 ls9 ws1\">(0.5)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w1c2 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls57 ws46\">At 31<span class=\"_ gs15\"> </span>December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb37 y2be6 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls57 ws46\">286.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb38 y2be6 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls57 ws46\">209.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb39 y2be6 w32 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb3a y2be6 w32 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb3b y2be6 w32 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb3c y2be6 w32 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb3d y2be6 w32 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb3e y2be6 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ff91 fs5 fc7 sc0 ls57 ws46\">495.7<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h3a ff92 fs8 fc7 sc0 ls58 ws47 gs4c8\">1.<span class=\"_ _9\"> </span>Transfers to disposal group assets held for sale in the year ended 31<span class=\"_ gs234\"> </span>December 2023 includes \u00a349.3m that was transferred at 30<span class=\"_ gs234\"> </span>June 2023 </div><div class=\"t m0 h3a ff92 fs8 fc7 sc0 ls58 ws47 gs4c9\">and subsequently sold during the second half of the year.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff91 fs5 fc6 sc0 ls57 ws46 gs229\">Business exits<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4ca\">As set out in note<span class=\"_ gs15\"> </span>2.8, six businesses were fully disposed of d<span class=\"_ _1\"></span>uring the year. Goodwill relating to all of these </div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs47e\">businesses is included within the Group\u2019s brought forward goodwill ba<span class=\"_ _1\"></span>lances at 1<span class=\"_ gs15\"> </span>January <span class=\"ls57 ws46\">2023, and has </span></div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4cb\">either been impaired during the course of the year, or derecog<span class=\"_ _1\"></span>nised as part of business disposals.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs22d\">The Group\u2019s shareholding in Fera Science Limited was deemed to<span class=\"_ _1\"></span> have met the threshold to be treated as </div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4cc\">held for sale at 31<span class=\"_ gs15\"> </span>December 2023, with goodwill relating to this busin<span class=\"_ _1\"></span>ess (Fera) reclassified to disposal </div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4cd\">group assets held for sale.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs230\">One business within the Capita Public Service division met the criteria to be treated<span class=\"_ _1\"></span> as a business exit at </div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs231\">31<span class=\"_ gs15\"> </span>December 2023, however there is no goodwill attributable to th<span class=\"_ _1\"></span>is business.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff91 fs5 fc6 sc0 ls57 ws46 gs4cf\">The impairment test<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4d0\">In undertaking the annual impairment review, the directors considere<span class=\"_ _1\"></span>d both internal and external sources of </div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4d1\">information, and any observable indications that may suggest that th<span class=\"_ _1\"></span>e carrying value of goodwill may be </div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4d2\">impaired. This included a comparison with the Group\u2019s share price and<span class=\"_ _1\"></span> market capitalisation.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4d3\">The Group\u2019s impairment test compares the carrying value of each CGU with its recove<span class=\"_ _1\"></span>rable amount. The </div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4d4\">recoverable amount of a CGU is the higher of fair value less cost of disposal, a<span class=\"_ _1\"></span>nd its value in use. As the </div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls57 ws46 gs4d5\">Group implements the Group-wide cost reduction programme announced in November 2023 and r<span class=\"_ _2a\"></span>eferred to </div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls57 ws46 gs4d6\">in <span class=\"ls9 ws1\">the strategic report and </span>note<span class=\"ls9 ws1\"><span class=\"_ gs15\"> </span></span>2.4<span class=\"ls9 ws1\">, and continues to be committed to<span class=\"_ _1\"></span> evaluating additional cost savings </span></div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4d7\">opportunities, it has been determined that at 31<span class=\"_ _1\"></span><span class=\"_ gs15\"> </span>December 2023, fair value less costs of disposal will </div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls57 ws46 gs4d8\">generate the higher recoverable amount.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4d9\">The valuation of CGUs under fair value less costs of disposal assumes that a th<span class=\"_ _1\"></span>ird-party acquirer will </div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4da\">undertake a similar plan to derive similar benefits in the business going<span class=\"_ _1\"></span> forward. The enterprise value of </div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4db\">each CGU is dependent on the successful implementation of the cost red<span class=\"_ _1\"></span>uction programme.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4dc\">Fair value less costs of disposal for each CGU has been estimated using discou<span class=\"_ _1\"></span>nted cash flows. The fair </div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4dd\">value measurement was categorised as a Level-3 fair value based o<span class=\"_ _1\"></span>n the inputs in the valuation technique </div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4de\">used. The costs of disposal have been estimated based on the Gro<span class=\"_ _1\"></span>ups\u2019 significant disposals in recent </div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4df\">years.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4e0\">At 30<span class=\"_ gs15\"> </span>June 2023, a goodwill impairment of <span class=\"_ _1\"></span><span class=\"ls57 ws46\">\u00a335.3m<span class=\"ls9 ws1\"> was recognised in respect of the Travel CGU. This </span></span></div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4e1\">impairment arose primarily due to the expectation of acquirers factoring in<span class=\"_ _1\"></span> additional investment and costs </div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4e2\">required to run the businesses outside of the Group, and gen<span class=\"_ _1\"></span>eral macroeconomic conditions. The Travel </div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4e3\">CGU was disposed of in the second half of <span class=\"ls57 ws46\">2023</span>.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4e4\">In addition, an impairment of <span class=\"ls57 ws46\">\u00a36.9m</span> was recognised at 30<span class=\"_ gs15\"> </span>Ju<span class=\"_ _1\"></span>ne 2023 in respect of a business in the </div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4e5\">Business Solutions group of CGUs in Capita Portfolio. Since the disposal process for th<span class=\"_ _1\"></span>is business was less </div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4e6\">far advanced, the recoverable amount of the CGU, being its value-in-use<span class=\"_ _1\"></span>, was calculated based on </div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4e7\">operating the business into perpetuity. The goodwill impairment a<span class=\"_ _1\"></span>rose primarily due to a negotiated exit of </div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4e8\">an end customer, which negatively impacted the forecast financial perfo<span class=\"_ _1\"></span>rmance of the business. In the </div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls57 ws46 gs4e9\">second half of 2023<span class=\"ls9 ws1\"> this business was moved into the Capita Public Service division and CGU.<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4ea\">At <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span>, the estimated recoverable amount of each remaining Group o<span class=\"_ _1\"></span>f CGUs exceeded its </div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4eb\">respective carrying value. The key inputs to the calculations are described<span class=\"_ _1\"></span> below, including changes in </div><div class=\"t m0 h38 ff92 fs5 fc7 sc0 ls9 ws1 gs4ec\">market conditions.<span class=\"_ _2b5\"> </span></div>Forecast cash flows<span class=\"_ _2b5\"> </span>The cash flow projections prepared for the impairment test are derived<span class=\"_ _1\"></span> from the 2024-2026 business plans (BP) approved by the Board, which are prepared on a nominal basis. Ke<span class=\"_ _1\"></span>y assumptions in the BP include the delivery of planned revenue growth and the benefits that the co<span class=\"_ _1\"></span>st reduction programme is anticipated to deliver, in particular in the Capita Experience CGU given recent past performan<span class=\"_ _1\"></span>ce.<span class=\"_ _2b5\"> </span>The going concern severe but plausible downside scenarios have taken account of the potential<span class=\"_ _2a\"></span> adverse financial impacts resulting from the following risks, which include the key assumptions n<span class=\"_ _1\"></span>oted above:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>revenue growth falling materially short of plan;<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">operating profit margin expansion not being achieved;<span class=\"_ _2b5\"> </span></span>\u2022<span class=\"_ _ae\"> </span>targeted cost savings delayed or not delivere<span class=\"_ _1\"></span>d;<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>additional inflationary cost impacts which cannot b<span class=\"_ _1\"></span>e passed on to customers;<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>unforeseen operational issues leading<span class=\"_ _1\"></span> to contract losses and cash outflows; and<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>unexpected financial costs linked to incidents such<span class=\"_ _1\"></span> as data breaches and/or cyber-attacks.<span class=\"_ _2b5\"> </span>As such, the below sensitivity analysis includes assessing the impact of these crystallising o<span class=\"_ _1\"></span>n the impairment test performed.<span class=\"_ _2b5\"> </span>Other than for movements in deferred income and contract fulfilment assets, cash<span class=\"_ _1\"></span> flows are adjusted to exclude working capital movements since the corresponding balance<span class=\"_ _1\"></span>s are not included in the CGU carrying amount.<span class=\"_ _2b5\"> </span>Allocation of central function costs<span class=\"_ _2b5\"> </span>The Board has considered an appropriate methodology to apply when allocating central funct<span class=\"_ _2a\"></span>ion costs. The methodology applied for the 2023<span class=\"ls9 ws1\"> impairment test was aligned to that applied in reporting segmental </span>performance (refer to note <span class=\"ls57 ws46\">2.5). The </span>remaining Group related co<span class=\"_ _1\"></span>sts of Capita plc, which have not been allocated as part of segmental reporting, are allocated to CGUs for impairme<span class=\"_ _1\"></span>nt testing purposes based on 2024 forecast Earnings before Interest, Tax, Depreciation and Amortisa<span class=\"_ _1\"></span>tion (EBITDA).<span class=\"_ _2b5\"> </span>Long-term growth rate<span class=\"_ _2b5\"> </span>The long-term growth rate is based on economic growth forecasts by reco<span class=\"_ _1\"></span>gnised bodies and this has been applied to forecast cash flows for years four and five (2027 and 202<span class=\"_ _1\"></span>8) and for the terminal period. The <span class=\"ls57 ws46\">2023</span> long-term growth rate is 1.7% (<span class=\"ls57 ws46\">2022</span>: 2.2%).<span class=\"_ _2b5\"> </span>Discount rates<span class=\"_ _2b5\"> </span>Management estimates discount rates using nominal pre-tax rates of comp<span class=\"_ _1\"></span>arator companies for each CGU or group of CGUs. The discount rates reflect the latest market assumptions for the<span class=\"_ _1\"></span> risk-free rate, the equity risk premium and the net cost of debt, and which are all based on pu<span class=\"_ _1\"></span>blicly available external sources.<span class=\"_ _2b5\"> </span>The table below presents the pre-tax discount rates applied to th<span class=\"_ _1\"></span>e cash flows for <span class=\"ls57 ws46\">2023 and 2022</span>.<span class=\"_ _2b5\"> </span><table class=\"s wfd h93\" id=\"_f384c4f6-e7c2-4d4d-a865-90a849a60f72\"><tr><td></td><td class=\"t m0 xb3f h3b y2ea5 ff93 fs8 fc7 sc0 ls58 ws47\">Capita Public </td><td class=\"t m0 x809 h3b y2ea5 ff93 fs8 fc7 sc0 ls58 ws47\">Capita </td></tr><tr><td></td><td class=\"t m0 xb40 h3b y2ea6 ff93 fs8 fc7 sc0 ls58 ws47\">Service<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb41 h3b y2ea6 ff93 fs8 fc7 sc0 ls58 ws47\">Experience<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2be5 w1c3 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff93 fs5 fc7 sc0 ls57 ws46\">2023<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb42 y2be5 w1c4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff94 fs5 fc7 sc0 ls57 ws46\">11.0 <span class=\"_ _7\"></span>%<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb43 y2be5 w1c5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff94 fs5 fc7 sc0 ls61 ws50\">9 . 2  <span class=\"_ _7\"></span>%<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w1c3 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff93 fs5 fc7 sc0 ls57 ws46\">2022<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb42 y2be6 w1c4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff94 fs5 fc7 sc0 ls57 ws46\">11.8 <span class=\"_ _7\"></span>%<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb44 y2be6 w1c4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff94 fs5 fc7 sc0 ls57 ws46\">10.4 <span class=\"_ _7\"></span>%<span class=\"_ _2b5\"> </span></div></td></tr></table>Sensitivity analysis<span class=\"_ _2b5\"> </span>The impairment testing as described is reliant on the reliability of manag<span class=\"_ _1\"></span>ement\u2019s forecasts and the assumptions that underlie them; and on the selection of the discoun<span class=\"_ _1\"></span>t and growth rates to be applied. To gauge the sensitivity of the result to a change in any one, or combina<span class=\"_ _1\"></span>tion of the assumptions that underlie the model, a number of scenarios were developed to identify the ra<span class=\"_ _1\"></span>nge of reasonably possible alternatives and measure which CGUs are the most susceptible to an impairment should th<span class=\"_ _1\"></span>e assumptions used be varied.<span class=\"_ _2b5\"> </span>The sensitivity scenarios applied estimate potential impairments required<span class=\"_ _1\"></span> (with all other variables being equal) through: an increase in discount rate of 1%, or a decrease<span class=\"_ _1\"></span> of 1% in the long-term growth rate (for the terminal period) for the Group in total and each of the CGUs; or, through<span class=\"_ _1\"></span> the severe but plausible downsides applied to the base-case projections for assessing going concern a<span class=\"_ _1\"></span>nd viability, without mitigations, for 2024 to 2026, and the long-term growth rate (1.7%) applied to the 20<span class=\"_ _1\"></span>26 downside cash flows to generate projected cash flows for 2027, 2028, and the terminal period. We h<span class=\"_ _1\"></span>ave also considered the impact of all of the scenarios together, which is also a reasonable possible alterna<span class=\"_ _1\"></span>tive.<span class=\"_ _2b5\"> </span>No potential impairments have been identified under any of these<span class=\"_ _1\"></span> sensitivity scenarios, including the combination sensitivity scenario.<span class=\"_ _2b5\"> </span>Comparison to share price and market capitalisation<span class=\"_ _2b5\"> </span>The company\u2019s market capitalisation indicates an enterprise value that co<span class=\"_ _1\"></span>ntinues to be significantly less than the Group\u2019s sum-of-the-parts CGU valuation based upon the mode<span class=\"_ _1\"></span>l prepared for impairment testing purposes at 31<span class=\"_ gs15\"> </span>December 2023. The directors gave consideratio<span class=\"_ _1\"></span>n as to why this might be the case and the reasonableness of the assumptions used within the impairment mode<span class=\"_ _1\"></span>l, and whether these points could indicate additional indicators of impairment in respect of the Group\u2019s go<span class=\"_ _1\"></span>odwill balances.<span class=\"_ _2b5\"> </span>The factors considered included: the differing basis of valuations (in<span class=\"_ _1\"></span>cluding that third parties value the services sector on income statement multiples versus long-term view using a discoun<span class=\"_ _1\"></span>ted cash flow for the basis of impairment testing under accounting standards), sum-of-the-pa<span class=\"_ _1\"></span>rts view and the multiples achieved on recent disposals, general market assumptions of the sector which can ig<span class=\"_ _1\"></span>nore the liquidity profile and specific risks of an entity, and other specific items impacting the market\u2019s view of the Group<span class=\"_ _1\"></span> at the moment.<span class=\"_ _2b5\"> </span>Taking these points into consideration, the Board are comfortable th<span class=\"_ _1\"></span>at there is no impairment in respect of goodwill to be recognised at 31<span class=\"_ gs15\"> </span>December 2023, despite the con<span class=\"_ _1\"></span>tinuing low market capitalisation of the Group.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-464": {
   "value": "Accounting policies<span class=\"_ _2b5\"> </span>Following initial recognition, goodwill is stated at cost less any accumulated imp<span class=\"_ _1\"></span>airment losses. Goodwill is reviewed for impairment annually or more frequently if events or change<span class=\"_ _1\"></span>s in circumstances indicate that the carrying value may be impaired. Goodwill arising on acquisitions prior to 31<span class=\"_ _1\"></span><span class=\"_ gs15\"> </span>December 1997 remains set off directly against reserves and does not get recycled through the con<span class=\"_ _1\"></span>solidated income statement.<span class=\"_ _2b5\"> </span>At the acquisition date, any goodwill acquired is allocated to the cash-g<span class=\"_ _1\"></span>enerating units (CGU) which are expected to benefit from the combination\u2019s synergies. Impairment is determin<span class=\"_ _1\"></span>ed by assessing the recoverable amount of the CGU to which the goodwill relates. Where the re<span class=\"_ _1\"></span>coverable amount of the CGU is less than the carrying amount, an impairment loss is recognised. Where go<span class=\"_ _1\"></span>odwill forms part of a CGU and part of the operation within that unit is disposed of, the goodwill associa<span class=\"_ _1\"></span>ted with the operation disposed of is included in the carrying amount of the operation when determinin<span class=\"_ _1\"></span>g the gain or loss on disposal of the operation. Goodwill disposed of in these circumstances is measured on th<span class=\"_ _1\"></span>e basis of the relative values of the operation disposed of and the portion of the CGU retained.<span class=\"_ _2b5\"> </span>Acquisitions and disposals of non-controlling interests that do not result in<span class=\"_ _1\"></span> a change of control are accounted for as transactions with owners in their capacity as owners and the<span class=\"_ _1\"></span>refore no goodwill is recognised as a result of such transactions. The adjustments to non-co<span class=\"_ _1\"></span>ntrolling interests are based on a proportionate amount of the net assets of the subsidiary. Any differen<span class=\"_ _1\"></span>ce between the price paid or received and the amount by which non-controlling interests are adjusted is re<span class=\"_ _1\"></span>cognised directly in equity and attributed to the owners of the Parent company.<span class=\"_ _2b5\"> </span>Prior to the adoption of IAS<span class=\"_ gs15\"> </span>27 <span class=\"ff90 ls57 ws46\">Separate Financial Statements (Amended)</span>, goodwill was recognised on<span class=\"_ _1\"></span> the acquisition of non-controlling interests in a subsidiary, which represente<span class=\"_ _1\"></span>d the excess of the cost of the additional investment over the carrying amount of the interest in the n<span class=\"_ _1\"></span>et assets acquired at the date of the transaction.<span class=\"_ _2b5\"> </span>Impairment of goodwill:<span class=\"ff8f\"> the Group determines whether goo<span class=\"_ _1\"></span>dwill is impaired on an annual basis, or more </span>frequently if required, and this requires an estimation of the recovera<span class=\"_ _1\"></span>ble amount of the CGUs to which the intangible assets are allocated utilising an estimation of future cash flows a<span class=\"_ _1\"></span>nd choosing a suitable discount rate.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForGoodwillExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-481": {
   "value": "3.5 Right-of-use assets Accounting policies<span class=\"_ _2b5\"> </span>At the inception of the lease, the Group recognises a right-of-use asse<span class=\"_ _1\"></span>t at cost, which comprises the present value of minimum future lease payments determined at the inception o<span class=\"_ _1\"></span>f the lease. Right-of-use assets are depreciated using the straight-line method over the shorter of estima<span class=\"_ _1\"></span>ted life or the lease term. Amendments to lease terms resulting in a change in payments or the length of the<span class=\"_ _1\"></span> lease results in an adjustment to the right-of-use asset and corresponding lease liability. Right-of-use assets a<span class=\"_ _1\"></span>re reviewed for impairment when events or changes in circumstances indicate the carrying value may not be<span class=\"_ _1\"></span> fully recoverable.<span class=\"_ _2b5\"> </span>Right-of-use assets exclude leases with low values and terms of twelve months or le<span class=\"_ _1\"></span>ss. These leases are expensed to the consolidated income statement when incurred.<span class=\"_ _2b5\"> </span>Following the classification of a business as held<span class=\"_ _1\"></span> for sale, a property leased by the Group and part occupied by the business being sold is no longer used by the Group. The p<span class=\"_ _1\"></span>art of the leased property used by, and sub-leased to, the business held for sale (\u00a331.3m) has remained a<span class=\"_ _1\"></span> right-of-use asset and the remainder of the property <span class=\"ls9 ws1\">(</span>\u00a30.2m) <span class=\"ls9 ws1\">which is used by other third parties, was reclassified to investment property. The right-<span class=\"_ _2b5\"> </span></span>of-use asset leased to the business held for sale will be transferred to le<span class=\"_ _1\"></span>ase receivables on completion of the disposal in January 2024.<span class=\"_ _2b5\"> </span>Following an impairment test, the investment property was written down to <span class=\"_ _1\"></span>\u00a3nil and is included within the property category in the table opposite. Since the impairment was trigge<span class=\"_ _1\"></span>red by the disposal of a business, the charge has been included within business exits. Refer to note<span class=\"_ gs15\"> </span>2.8<span class=\"_ _1\"></span>.<span class=\"_ _2b5\"> </span>As detailed in note<span class=\"_ gs15\"> </span>2.4, a charge of <span class=\"ls57 ws46\">\u00a354.4m has been recognised in 2023</span> for the costs to delive<span class=\"_ _1\"></span>r the cost reduction programme. This includes property related costs of \u00a331.0m a<span class=\"_ _1\"></span>rising from the associated rationalisation of the Group\u2019s property estate, which includes impairment o<span class=\"_ _1\"></span>f right-of-use assets of <span class=\"ls57 ws46\">\u00a313.1m</span>. These costs have been excluded from adjusted profit.<span class=\"_ _2b5\"> </span>Other movements include amendments to existing leases.<span class=\"_ _2b5\"> </span><div class=\"gs52f\"><table class=\"s w1c6 h94\" id=\"_c739a669-96ac-4355-9f60-389e32425875\"><tr><td></td><td></td><td class=\"t m0 xb45 h3a y2ea7 ff96 fs8 fc7 sc0 ls58 ws47\">Motor<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xb46 h3a y2ea8 ff96 fs8 fc7 sc0 ls58 ws47\">Property<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x805 h3a y2ea8 ff96 fs8 fc7 sc0 ls9 ws1\">vehicles<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb47 h3a y2ea8 ff96 fs8 fc7 sc0 ls58 ws47\">Equipment<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x345 h3a y2ea8 ff96 fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h3b y2ea9 ff95 fs8 fc7 sc0 ls58 ws47\">Net Book Value<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb48 h3a y2ea9 ff96 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb49 h3a y2ea9 ff96 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d1 h3a y2ea9 ff96 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2ea9 ff96 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2eaa w1c7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">At 1 January <span class=\"ls57 ws46\">2022<span class=\"_ _2b5\"> </span></span></div></td><td class=\"c n xb4a y2eaa w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">265.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb4b y2eaa w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">15.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb4c y2eaa w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">6.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x311 y2eaa w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">287.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2eab w1c8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Addition of new leases<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb4d y2eab w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">12.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x54d y2eab w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb4e y2eab w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb4f y2eab w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">15.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2eac w1b4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Depreciation charged - included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb50 y2eac w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">(45.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb51 y2eac w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">(6.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb52 y2eac w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">(4.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb53 y2eac w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">(55.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ead w1b5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Depreciation charged - included in business exits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb54 y2ead w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb55 y2ead w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb56 y2ead w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb57 y2ead w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2eae w1a9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Impairment - included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb58 y2eae w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb59 y2eae w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb5a y2eae w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">0.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb5b y2eae w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">2.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2eaf w1a8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb5c y2eaf w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb5d y2eaf w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb5e y2eaf w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb5f y2eaf w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2eb0 w1ab h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Disposals - included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb60 y2eb0 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">(6.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb61 y2eb0 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">(1.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb62 y2eb0 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">(0.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e7 y2eb0 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">(8.3)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2eb1 w1ac h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Disposals - included in business exits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb63 y2eb1 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">(0.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb64 y2eb1 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb65 y2eb1 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e7 y2eb1 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">(0.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2eb2 w1ad h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb66 y2eb2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">1.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb67 y2eb2 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb68 y2eb2 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb69 y2eb2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">1.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2eb3 w1c9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Other movements<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb6a y2eb3 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">7.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb6b y2eb3 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">0.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb6c y2eb3 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b2 y2eb3 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">6.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2eb4 w79 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">At 31 December <span class=\"ls57 ws46\">2022<span class=\"_ _2b5\"> </span></span></div></td><td class=\"c n xb6d y2eb4 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">237.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb6e y2eb4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">10.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb6f y2eb4 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">1.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb70 y2eb4 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">249.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2eb5 w1c8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Addition of new leases<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb4d y2eb5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls57 ws46\">12.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x54d y2eb5 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls57 ws46\">1.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb71 y2eb5 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls57 ws46\">2.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7ed y2eb5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls57 ws46\">17.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2eb6 w1b4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Depreciation charged - included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb50 y2eb6 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls57 ws46\">(40.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb51 y2eb6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(5.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb52 y2eb6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(1.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb53 y2eb6 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls57 ws46\">(48.3)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2eb7 w1a9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Impairment - included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb72 y2eb7 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(2.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb73 y2eb7 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb74 y2eb7 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x35f y2eb7 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(2.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2eb8 w1ca h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Impairment - excluded from adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb75 y2eb8 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls57 ws46\">(13.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb76 y2eb8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb77 y2eb8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb78 y2eb8 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls57 ws46\">(13.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2eb9 w1cb h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Impairment - included in business exit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb79 y2eb9 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb76 y2eb9 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb77 y2eb9 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb7a y2eb9 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2eba w1cc h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb7b y2eba w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(1.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb7c y2eba w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb7d y2eba w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb7e y2eba w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(1.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ebb w1a8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb5c y2ebb w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb5d y2ebb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb5e y2ebb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb5f y2ebb w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ebc w1ab h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Disposals - included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb60 y2ebc w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb61 y2ebc w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(0.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb62 y2ebc w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(0.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e7 y2ebc w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(1.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ebd w1ad h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb63 y2ebd w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(1.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb64 y2ebd w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb65 y2ebd w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e7 y2ebd w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(1.9)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ebe w1c9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Other movements<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb6a y2ebe w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls57 ws46\">9.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb6b y2ebe w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb7f y2ebe w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c1 y2ebe w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls57 ws46\">10.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w1cd h5a\"><div class=\"t m0 x2bd h39 y2c43 ff95 fs5 fc7 sc0 ls57 ws46\">At 31 December 2023<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb80 y2be6 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ff95 fs5 fc7 sc0 ls57 ws46\">200.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb81 y2be6 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff95 fs5 fc7 sc0 ls57 ws46\">5.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb82 y2be6 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff95 fs5 fc7 sc0 ls57 ws46\">2.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb83 y2be6 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ff95 fs5 fc7 sc0 ls57 ws46\">208.5<span class=\"_ _2b5\"> </span></div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfQuantitativeInformationAboutRightofuseAssetsExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-507": {
   "value": "3.5 Right-of-use assets Accounting policies<span class=\"_ _2b5\"> </span>At the inception of the lease, the Group recognises a right-of-use asse<span class=\"_ _1\"></span>t at cost, which comprises the present value of minimum future lease payments determined at the inception o<span class=\"_ _1\"></span>f the lease. Right-of-use assets are depreciated using the straight-line method over the shorter of estima<span class=\"_ _1\"></span>ted life or the lease term. Amendments to lease terms resulting in a change in payments or the length of the<span class=\"_ _1\"></span> lease results in an adjustment to the right-of-use asset and corresponding lease liability. Right-of-use assets a<span class=\"_ _1\"></span>re reviewed for impairment when events or changes in circumstances indicate the carrying value may not be<span class=\"_ _1\"></span> fully recoverable.<span class=\"_ _2b5\"> </span>Right-of-use assets exclude leases with low values and terms of twelve months or le<span class=\"_ _1\"></span>ss. These leases are expensed to the consolidated income statement when incurred.<span class=\"_ _2b5\"> </span>Following the classification of a business as held<span class=\"_ _1\"></span> for sale, a property leased by the Group and part occupied by the business being sold is no longer used by the Group. The p<span class=\"_ _1\"></span>art of the leased property used by, and sub-leased to, the business held for sale (\u00a331.3m) has remained a<span class=\"_ _1\"></span> right-of-use asset and the remainder of the property <span class=\"ls9 ws1\">(</span>\u00a30.2m) <span class=\"ls9 ws1\">which is used by other third parties, was reclassified to investment property. The right-<span class=\"_ _2b5\"> </span></span>of-use asset leased to the business held for sale will be transferred to le<span class=\"_ _1\"></span>ase receivables on completion of the disposal in January 2024.<span class=\"_ _2b5\"> </span>Following an impairment test, the investment property was written down to <span class=\"_ _1\"></span>\u00a3nil and is included within the property category in the table opposite. Since the impairment was trigge<span class=\"_ _1\"></span>red by the disposal of a business, the charge has been included within business exits. Refer to note<span class=\"_ gs15\"> </span>2.8<span class=\"_ _1\"></span>.<span class=\"_ _2b5\"> </span>As detailed in note<span class=\"_ gs15\"> </span>2.4, a charge of <span class=\"ls57 ws46\">\u00a354.4m has been recognised in 2023</span> for the costs to delive<span class=\"_ _1\"></span>r the cost reduction programme. This includes property related costs of \u00a331.0m a<span class=\"_ _1\"></span>rising from the associated rationalisation of the Group\u2019s property estate, which includes impairment o<span class=\"_ _1\"></span>f right-of-use assets of <span class=\"ls57 ws46\">\u00a313.1m</span>. These costs have been excluded from adjusted profit.<span class=\"_ _2b5\"> </span>Other movements include amendments to existing leases.<span class=\"_ _2b5\"> </span><table class=\"s w1c6 h94\" id=\"_c739a669-96ac-4355-9f60-389e32425875\"><tr><td></td><td></td><td class=\"t m0 xb45 h3a y2ea7 ff96 fs8 fc7 sc0 ls58 ws47\">Motor<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xb46 h3a y2ea8 ff96 fs8 fc7 sc0 ls58 ws47\">Property<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x805 h3a y2ea8 ff96 fs8 fc7 sc0 ls9 ws1\">vehicles<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb47 h3a y2ea8 ff96 fs8 fc7 sc0 ls58 ws47\">Equipment<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x345 h3a y2ea8 ff96 fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h3b y2ea9 ff95 fs8 fc7 sc0 ls58 ws47\">Net Book Value<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb48 h3a y2ea9 ff96 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb49 h3a y2ea9 ff96 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d1 h3a y2ea9 ff96 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2ea9 ff96 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2eaa w1c7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">At 1 January <span class=\"ls57 ws46\">2022<span class=\"_ _2b5\"> </span></span></div></td><td class=\"c n xb4a y2eaa w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">265.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb4b y2eaa w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">15.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb4c y2eaa w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">6.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x311 y2eaa w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">287.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2eab w1c8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Addition of new leases<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb4d y2eab w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">12.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x54d y2eab w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb4e y2eab w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb4f y2eab w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">15.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2eac w1b4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Depreciation charged - included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb50 y2eac w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">(45.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb51 y2eac w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">(6.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb52 y2eac w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">(4.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb53 y2eac w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">(55.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ead w1b5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Depreciation charged - included in business exits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb54 y2ead w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb55 y2ead w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb56 y2ead w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb57 y2ead w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2eae w1a9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Impairment - included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb58 y2eae w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb59 y2eae w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb5a y2eae w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">0.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb5b y2eae w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">2.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2eaf w1a8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb5c y2eaf w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb5d y2eaf w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb5e y2eaf w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb5f y2eaf w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2eb0 w1ab h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Disposals - included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb60 y2eb0 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">(6.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb61 y2eb0 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">(1.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb62 y2eb0 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">(0.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e7 y2eb0 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">(8.3)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2eb1 w1ac h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Disposals - included in business exits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb63 y2eb1 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">(0.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb64 y2eb1 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb65 y2eb1 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e7 y2eb1 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">(0.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2eb2 w1ad h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb66 y2eb2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">1.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb67 y2eb2 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb68 y2eb2 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb69 y2eb2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">1.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2eb3 w1c9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Other movements<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb6a y2eb3 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">7.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb6b y2eb3 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">0.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb6c y2eb3 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b2 y2eb3 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">6.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2eb4 w79 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">At 31 December <span class=\"ls57 ws46\">2022<span class=\"_ _2b5\"> </span></span></div></td><td class=\"c n xb6d y2eb4 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">237.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb6e y2eb4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">10.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb6f y2eb4 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">1.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb70 y2eb4 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">249.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2eb5 w1c8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Addition of new leases<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb4d y2eb5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls57 ws46\">12.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x54d y2eb5 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls57 ws46\">1.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb71 y2eb5 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls57 ws46\">2.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7ed y2eb5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls57 ws46\">17.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2eb6 w1b4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Depreciation charged - included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb50 y2eb6 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls57 ws46\">(40.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb51 y2eb6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(5.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb52 y2eb6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(1.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb53 y2eb6 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls57 ws46\">(48.3)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2eb7 w1a9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Impairment - included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb72 y2eb7 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(2.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb73 y2eb7 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb74 y2eb7 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x35f y2eb7 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(2.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2eb8 w1ca h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Impairment - excluded from adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb75 y2eb8 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls57 ws46\">(13.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb76 y2eb8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb77 y2eb8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb78 y2eb8 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls57 ws46\">(13.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2eb9 w1cb h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Impairment - included in business exit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb79 y2eb9 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb76 y2eb9 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb77 y2eb9 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb7a y2eb9 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2eba w1cc h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Transfer to disposal group assets held for sale<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb7b y2eba w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(1.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb7c y2eba w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb7d y2eba w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb7e y2eba w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(1.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ebb w1a8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Disposal of businesses<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb5c y2ebb w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb5d y2ebb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb5e y2ebb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb5f y2ebb w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ebc w1ab h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Disposals - included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb60 y2ebc w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb61 y2ebc w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(0.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb62 y2ebc w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(0.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e7 y2ebc w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(1.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ebd w1ad h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls57 ws46\">Exchange movement<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb63 y2ebd w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(1.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb64 y2ebd w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb65 y2ebd w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e7 y2ebd w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls9 ws1\">(1.9)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ebe w1c9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff96 fs5 fc7 sc0 ls9 ws1\">Other movements<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb6a y2ebe w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls57 ws46\">9.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb6b y2ebe w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb7f y2ebe w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c1 y2ebe w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff95 fs5 fc7 sc0 ls57 ws46\">10.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w1cd h5a\"><div class=\"t m0 x2bd h39 y2c43 ff95 fs5 fc7 sc0 ls57 ws46\">At 31 December 2023<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb80 y2be6 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ff95 fs5 fc7 sc0 ls57 ws46\">200.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb81 y2be6 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff95 fs5 fc7 sc0 ls57 ws46\">5.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb82 y2be6 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff95 fs5 fc7 sc0 ls57 ws46\">2.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb83 y2be6 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ff95 fs5 fc7 sc0 ls57 ws46\">208.5<span class=\"_ _2b5\"> </span></div></td></tr></table>4.4 Leases<span class=\"_ _2b5\"> </span>Accounting policies<span class=\"_ _2b5\"> </span>The Group leases various assets, comprising land and buildings, eq<span class=\"_ _1\"></span>uipment and motor vehicles.<span class=\"_ _2b5\"> </span>The determination whether an arrangement is, or contains, a lea<span class=\"_ _1\"></span>se is based on whether the contract conveys a right to control the use of an identified asset for a period o<span class=\"_ _1\"></span>f time in exchange for consideration.<span class=\"_ _2b5\"> </span>The <span class=\"_ _2\"></span>following <span class=\"_ _2\"></span>sets <span class=\"_ _2\"></span>out <span class=\"_ _2\"></span>the <span class=\"_ _1b9\"></span>Group\u2019s <span class=\"_ _2\"></span>lease <span class=\"_ _2\"></span>accounting <span class=\"_ _2\"></span>policy <span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>all <span class=\"_ _1b9\"></span>leases <span class=\"_ _2\"></span>with <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>exception <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>leases <span class=\"_ _2\"></span>with low value and term of twelve months or less which are expensed to the conso<span class=\"_ _1\"></span>lidated income statement.<span class=\"_ _2b5\"> </span>The Group as a lessee \u2013 Right-of-use assets and lease liabilities<span class=\"_ _2b5\"> </span>The accounting policy for right-of-use assets is included in note<span class=\"_ gs15\"> </span>3.5.<span class=\"_ _2b5\"> </span>The Group recognises lease liabilities where a lease contract exists and rig<span class=\"_ _1\"></span>ht-of-use assets representing the right to use the underlying leased assets.<span class=\"_ _2b5\"> </span>At the commencement of a lease, the Group recognises the lease liability me<span class=\"_ _1\"></span>asured at the present value of the lease payments to be made over the lease term.<span class=\"_ _2b5\"> </span>In calculating the present value of lease payments, the Group uses its incre<span class=\"_ _1\"></span>mental borrowing rate at the lease commencement date because the interest rate implicit in the lease<span class=\"_ _1\"></span> is not readily determinable. After the commencement date, the amount of the lease liability is increased to<span class=\"_ _1\"></span> reflect the accretion of interest and reduced for the lease payments made. The incremental borrowing<span class=\"_ _1\"></span> rate is the rate of interest that the Group would have to pay to borrow, over a similar term and with a similar security, the funds n<span class=\"_ _1\"></span>ecessary to obtain an asset of a similar value to the right-of-use asset in a similar economic environme<span class=\"_ _1\"></span>nt. Incremental borrowing rates are determined monthly and depend on the<span class=\"_ _1\"></span> term, country, currency and commencement date of the lease. The incremental borrowing rate is determined ba<span class=\"_ _1\"></span>sed on a series of inputs including: the risk-free rate based on swap market data; a country-specific risk adjustment; a credit risk a<span class=\"_ _1\"></span>djustment; and an entity-specific adjustment where the entity risk profile is different to that of the<span class=\"_ _1\"></span> Group.<span class=\"_ _2b5\"> </span>The lease liability is subsequently remeasured (with a corresponding<span class=\"_ _1\"></span> adjustment to the related right-of-use asset) when there is a change in future lease payments due to a ren<span class=\"_ _1\"></span>egotiation or market rent review, a change of an index or rate or a reassessment of the lease term.<span class=\"_ _2b5\"> </span>Lease payments are apportioned between a finance charge and a reduction of the lease liability bas<span class=\"_ _2a\"></span>ed on the constant interest rate applied to the remaining balance of th<span class=\"_ _1\"></span>e liability. Interest expense is included within net finance costs in the consolidated income statement.<span class=\"_ _2b5\"> </span>Lease payments comprise fixed payments, including in-substance fixed p<span class=\"_ _1\"></span>ayments such as service charges and variable lease payments that depend on an index or a<span class=\"_ _1\"></span> rate, initially measured using the minimum index or rate at inception date. The payments also include any lease in<span class=\"_ _1\"></span>centives and any penalty payments for terminating the lease, if the lease term reflects the lessee exercising that op<span class=\"_ _1\"></span>tion.<span class=\"_ _2b5\"> </span>The lease term determined comprises the non-cancellable period o<span class=\"_ _1\"></span>f the lease contract. Periods covered by an option to extend the lease are included if the Group has re<span class=\"_ _1\"></span>asonable certainty that the option will be exercised, and periods covered by an option to terminate are inclu<span class=\"_ _1\"></span>ded if it is reasonably certain that this will not be exercised.<span class=\"_ _2b5\"> </span>The Group has elected to apply the practical expedient in IFRS<span class=\"_ gs15\"> </span>16<span class=\"_ _1\"></span> <span class=\"ffaa ls57 ws46\">Leases<span class=\"ffa9\"> paragraph<span class=\"_ gs15\"> </span>15 not to separate </span></span>non-lease components such as service charges from lease rental charg<span class=\"_ _1\"></span>es.<span class=\"_ _2b5\"> </span>The Group as a lessor<span class=\"_ _2b5\"> </span>When the Group acts as a lessor, it determines at lease commencement wheth<span class=\"_ _1\"></span>er the lease is a finance lease or an operating lease.<span class=\"_ _2b5\"> </span>To classify each lease, the Group makes an overall assessment of whether th<span class=\"_ _1\"></span>e lease transfers to the lessee all of the risks and rewards of ownership in relation to the underlying a<span class=\"_ _1\"></span>sset. If this is the case, then the lease is a finance lease. If not, then it is an operating lease.<span class=\"_ _2b5\"> </span>The Group acts as an intermediate lessor of property assets and equ<span class=\"_ _1\"></span>ipment. When the Group is an intermediate lessor, it accounts for its interests in the head lease and the su<span class=\"_ _1\"></span>b-lease separately. It assesses whether the sub-lease is a finance or operating lease in the con<span class=\"_ _1\"></span>text of the right-of-use asset arising from the head lease.<span class=\"_ _2b5\"> </span>In instances where the Group is the intermediate lessor and the sub-le<span class=\"_ _1\"></span>ase is classified as a finance lease, the Group recognises a net investment in sub-leases for amounts recove<span class=\"_ _1\"></span>rable from the sub-lessees while derecognising the respective portion of the right-of-use asset. The<span class=\"_ _1\"></span> lease liability is retained on the balance sheet. The net investment in sub-leases is classified as current or non-curre<span class=\"_ _1\"></span>nt finance assets in the consolidated balance sheet according to whether or not the amo<span class=\"_ _1\"></span>unts will be recovered within twelve months of the balance sheet date. Finance income recognised in respe<span class=\"_ _1\"></span>ct of net investment in sub-leases is presented within net finance costs in the consolidated income stateme<span class=\"_ _1\"></span>nt and the capital element of lease rental received is presented within investing activities in the consolidated ca<span class=\"_ _1\"></span>sh flow statement.<span class=\"_ _2b5\"> </span>The Group recognises lease payments received under operatin<span class=\"_ _1\"></span>g leases as income on a straight-line basis over the lease term. The Group accounts for finance leases as finance<span class=\"_ _1\"></span> lease receivables, using an incremental borrowing rate where the interest rate implicit in sub-lease is no<span class=\"_ _1\"></span>t easily determinable.<span class=\"_ _2b5\"> </span><div class=\"t m0 h39 ffab fs5 fc6 sc0 ls57 ws46 gs630\">4.4.1 The Group as a lessee<span class=\"_ _2b5\"> </span></div><div class=\"gs631\"><table class=\"s w1ff ha2\" id=\"_b72df787-b54a-436d-957c-74fbbd955518\"><tr><td></td><td class=\"t m0 x833 h3b y2f72 ffab fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x307 h3a y2f73 ffac fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x47c h3b y2f74 ffab fs8 fc7 sc0 ls58 ws47\">Type of financial </td></tr><tr><td class=\"t m0 x2d8 h3b y2f75 ffab fs8 fc7 sc0 ls58 ws47\">Amounts recognised on the balance sheet<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x540 h3b y2f76 ffab fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbd3 h3a y2f77 ffac fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x47c h3b y2f77 ffab fs8 fc7 sc0 ls58 ws47\">instrument<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x47c h38 y2f78 ffac fs5 fc7 sc0 ls57 ws46\">Financial </td></tr><tr><td class=\"c n x2be y2be6 w68 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffac fs5 fc7 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xced y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffab fs5 fc7 sc0 ls57 ws46\">363.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x350 y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffac fs5 fc7 sc0 ls57 ws46\">397.5</div></td><td class=\"t m0 x47c h38 y2f79 ffac fs5 fc7 sc0 ls9 ws1\">liabilities<span class=\"_ _2b5\"> </span></td></tr></table></div><div class=\"t m0 h38 ffac fs5 fc7 sc0 ls9 ws1 gs632\">The lease liability includes \u00a37.3m (<span class=\"ls57 ws46\">2022</span>: \u00a35.0m) of future<span class=\"_ _1\"></span> lease payments (undiscounted) for leases with </div><div class=\"t m0 h38 ffac fs5 fc7 sc0 ls9 ws1 gs633\">termination options that could be exercised but are recognised at fu<span class=\"_ _1\"></span>ll term. The potential future cash </div><div class=\"t m0 h38 ffac fs5 fc7 sc0 ls9 ws1 gs634\">outflows of \u00a310.5m (<span class=\"ls57 ws46\">2022: \u00a313.2m) (undiscounted) have not been included in the lease liability because the </span></div><div class=\"t m0 h38 ffac fs5 fc7 sc0 ls9 ws1 gs635\">Group is reasonably certain that the leases will not be extended. Th<span class=\"_ _1\"></span>e total cash outflow for leases was </div><div class=\"t m0 h38 ffac fs5 fc7 sc0 ls57 ws46 gs636\">\u00a381.4m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a384.4m<span class=\"ls9 ws1\">) consisting of interest paid of </span>\u00a322.3m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a322.6m<span class=\"ls9 ws1\">) and capital elemen<span class=\"_ _1\"></span>t of <span class=\"ls57 ws46\">\u00a359.1m</span> </span></div><div class=\"t m0 h38 ffac fs5 fc7 sc0 ls9 ws1 gs637\">(<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a361.8m</span>).<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffac fs5 fc7 sc0 ls9 ws1 gs638\">Right-of-use assets are disclosed in note<span class=\"_ gs15\"> </span>3.5, the maturity analysis of lease lia<span class=\"_ _1\"></span>bilities is included in </div><div class=\"t m0 h38 ffac fs5 fc7 sc0 ls57 ws46 gs639\">note<span class=\"_ gs15\"> </span>4.2.1 and interest expense in note<span class=\"_ gs15\"> </span>4.3.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ffab fs5 fc6 sc0 ls57 ws46 gs63a\">4.4.2 The Group as a lessor<span class=\"_ _2b5\"> </span></div><div class=\"gs63b\"><table class=\"s w1ff ha3\" id=\"_a11536ea-a446-42a4-8345-51b20c61cf6d\"><tr><td></td><td class=\"t m0 x833 h3b y2f7a ffab fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x307 h3a y2f7a ffac fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x47c h3b y2f7b ffab fs8 fc7 sc0 ls58 ws47\">Type of financial </td></tr><tr><td class=\"t m0 x2d8 h3b y2f7c ffab fs8 fc7 sc0 ls58 ws47\">Amounts recognised on the balance sheet<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x540 h3b y2f7c ffab fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbd3 h3a y2f7c ffac fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x47c h3b y2f7c ffab fs8 fc7 sc0 ls58 ws47\">instrument<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 x47c h38 y2f7d ffac fs5 fc7 sc0 ls57 ws46\">Financial </td></tr><tr><td class=\"c n x2be y2be6 w200 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffac fs5 fc7 sc0 ls57 ws46\">Lease receivables<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb3a y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffab fs5 fc7 sc0 ls57 ws46\">70.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcee y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffac fs5 fc7 sc0 ls57 ws46\">76.3</div></td><td class=\"t m0 x47c h38 y2f7e ffac fs5 fc7 sc0 ls9 ws1\">assets<span class=\"_ _2b5\"> </span></td></tr></table></div><div class=\"t m0 h38 ffac fs5 fc7 sc0 ls9 ws1 gs63c\">The maturity analysis of lease receivables, including the undiscounted<span class=\"_ _1\"></span> lease payments to be received, is as </div><div class=\"t m0 h38 ffac fs5 fc7 sc0 ls9 ws1 gs63d\">follows:<span class=\"_ _2b5\"> </span></div><div class=\"gs63e\"><table class=\"s w149 ha4\" id=\"_e2f498fc-5b4e-475d-8459-e13c5347173d\"><tr><td></td><td class=\"t m0 x307 h3b y2f7f ffab fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y2f7f ffac fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x30a h3b y2f80 ffab fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2f80 ffac fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2f81 w201 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffac fs5 fc7 sc0 ls9 ws1\">Within 1 year<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x525 y2f81 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffab fs5 fc7 sc0 ls57 ws46\">9.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x526 y2f81 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffac fs5 fc7 sc0 ls57 ws46\">9.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2f82 w202 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffac fs5 fc7 sc0 ls57 ws46\">Between 1-2 years<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcef y2f82 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffab fs5 fc7 sc0 ls57 ws46\">8.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcf0 y2f82 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffac fs5 fc7 sc0 ls57 ws46\">9.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c4a w202 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffac fs5 fc7 sc0 ls57 ws46\">Between 2-3 years<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcef y2c4a w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffab fs5 fc7 sc0 ls57 ws46\">7.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcf0 y2c4a w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffac fs5 fc7 sc0 ls57 ws46\">8.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d6f w202 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffac fs5 fc7 sc0 ls57 ws46\">Between 3-4 years<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcef y2d6f w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffab fs5 fc7 sc0 ls57 ws46\">4.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcf0 y2d6f w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffac fs5 fc7 sc0 ls57 ws46\">7.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d82 w202 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffac fs5 fc7 sc0 ls57 ws46\">Between 4-5 years<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcef y2d82 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffab fs5 fc7 sc0 ls57 ws46\">4.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcf0 y2d82 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffac fs5 fc7 sc0 ls57 ws46\">4.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be3 w203 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffac fs5 fc7 sc0 ls57 ws46\">More than 5 years<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcf1 y2be3 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffab fs5 fc7 sc0 ls57 ws46\">65.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcf2 y2be3 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffac fs5 fc7 sc0 ls57 ws46\">70.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be4 w204 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffac fs5 fc7 sc0 ls57 ws46\">Total undiscounted lease payments receivable<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x44e y2be4 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffab fs5 fc7 sc0 ls57 ws46\">99.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x44f y2be4 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffac fs5 fc7 sc0 ls57 ws46\">109.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be5 w205 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffac fs5 fc7 sc0 ls57 ws46\">Unearned finance income<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcf3 y2be5 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffab fs5 fc7 sc0 ls57 ws46\">(29.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcf4 y2be5 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffac fs5 fc7 sc0 ls57 ws46\">(33.3)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w206 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffab fs5 fc7 sc0 ls57 ws46\">Net investment in lease receivables<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcf5 y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffab fs5 fc7 sc0 ls57 ws46\">70.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6ff y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffac fs5 fc7 sc0 ls57 ws46\">76.3<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"gs233\"><table class=\"s w207 ha5\" id=\"_5dc52902-bfe6-493c-b91d-61468a04966b\"><tr><td></td><td class=\"t m0 x344 h3b y2f83 ffab fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x345 h3a y2f83 ffac fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h3b y2f84 ffab fs8 fc7 sc0 ls58 ws47\">Change in finance lease receivables during the year<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x347 h3b y2f84 ffab fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2f84 ffac fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2cf2 w19a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffac fs5 fc7 sc0 ls9 ws1\">At 1<span class=\"_ gs15\"> </span>January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x516 y2cf2 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffab fs5 fc7 sc0 ls57 ws46\">76.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x517 y2cf2 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffac fs5 fc7 sc0 ls57 ws46\">82.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bf8 w208 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffac fs5 fc7 sc0 ls9 ws1\">Payments received<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x76e y2bf8 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffab fs5 fc7 sc0 ls57 ws46\">(10.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ea y2bf8 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffac fs5 fc7 sc0 ls57 ws46\">(10.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bfb w209 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffac fs5 fc7 sc0 ls9 ws1\">Interest accrued (see note 4.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x799 y2bfb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffab fs5 fc7 sc0 ls57 ws46\">4.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcf6 y2bfb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffac fs5 fc7 sc0 ls57 ws46\">4.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w154 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffac fs5 fc7 sc0 ls9 ws1\">At 31<span class=\"_ gs15\"> </span>December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcf7 y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffab fs5 fc7 sc0 ls57 ws46\">70.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcf8 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffac fs5 fc7 sc0 ls57 ws46\">76.3<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ffac fs5 fc7 sc0 ls9 ws1 gs640\">The expenses related to short-term leases, leases of low-value assets and<span class=\"_ _1\"></span> income from sub-leases are </div><div class=\"t m0 h38 ffac fs5 fc7 sc0 ls9 ws1 gs641\">immaterial and therefore there is no separate disclosure.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffac fs5 fc7 sc0 ls9 ws1 gs642\">During 2020, the Group sublet a leased property. The sub-lea<span class=\"_ _1\"></span>se includes an option for the lessee to </div><div class=\"t m0 h38 ffac fs5 fc7 sc0 ls9 ws1 gs643\">terminate the lease earlier than the Group\u2019s lease with its landlord. Man<span class=\"_ _1\"></span>agement assessed it was </div><div class=\"t m0 h38 ffac fs5 fc7 sc0 ls9 ws1 gs644\">reasonably certain that the break clause will not be exercised and, acco<span class=\"_ _1\"></span>rdingly, determined that the sub-<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffac fs5 fc7 sc0 ls9 ws1 gs645\">lease is a finance lease. This resulted in the recognition of a finance<span class=\"_ _1\"></span> lease receivable. This judgement was </div><div class=\"t m0 h38 ffac fs5 fc7 sc0 ls9 ws1 gs646\">based on a number of factors as prescribed within IFRS<span class=\"_ gs15\"> </span>16 such as incentive<span class=\"_ _1\"></span> to lessee, importance of the </div><div class=\"t m0 h38 ffac fs5 fc7 sc0 ls9 ws1 gs216\">location to the lessee\u2019s operations, shorter non-cancellable perio<span class=\"_ _1\"></span>d of the lease, and the lessee\u2019s </div><div class=\"t m0 h38 ffac fs5 fc7 sc0 ls9 ws1 gs378\">modifications to, and customisation of, the property. At <span class=\"_ _1\"></span><span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\">, the lease receivable was </span></span></div><div class=\"t m0 h38 ffac fs5 fc7 sc0 ls57 ws46 gs218\">\u00a366.3m and is included in the balance above.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLeasesExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-453": {
   "value": "Accounting policies<span class=\"_ _2b5\"> </span>At the inception of the lease, the Group recognises a right-of-use asse<span class=\"_ _1\"></span>t at cost, which comprises the present value of minimum future lease payments determined at the inception o<span class=\"_ _1\"></span>f the lease. Right-of-use assets are depreciated using the straight-line method over the shorter of estima<span class=\"_ _1\"></span>ted life or the lease term. Amendments to lease terms resulting in a change in payments or the length of the<span class=\"_ _1\"></span> lease results in an adjustment to the right-of-use asset and corresponding lease liability. Right-of-use assets a<span class=\"_ _1\"></span>re reviewed for impairment when events or changes in circumstances indicate the carrying value may not be<span class=\"_ _1\"></span> fully recoverable.<span class=\"_ _2b5\"> </span>Right-of-use assets exclude leases with low values and terms of twelve months or le<span class=\"_ _1\"></span>ss. These leases are expensed to the consolidated income statement when incurred.<span class=\"_ _2b5\"> </span>Accounting policies<span class=\"_ _2b5\"> </span>The Group leases various assets, comprising land and buildings, eq<span class=\"_ _1\"></span>uipment and motor vehicles.<span class=\"_ _2b5\"> </span>The determination whether an arrangement is, or contains, a lea<span class=\"_ _1\"></span>se is based on whether the contract conveys a right to control the use of an identified asset for a period o<span class=\"_ _1\"></span>f time in exchange for consideration.<span class=\"_ _2b5\"> </span>The <span class=\"_ _2\"></span>following <span class=\"_ _2\"></span>sets <span class=\"_ _2\"></span>out <span class=\"_ _2\"></span>the <span class=\"_ _1b9\"></span>Group\u2019s <span class=\"_ _2\"></span>lease <span class=\"_ _2\"></span>accounting <span class=\"_ _2\"></span>policy <span class=\"_ _2\"></span>for <span class=\"_ _2\"></span>all <span class=\"_ _1b9\"></span>leases <span class=\"_ _2\"></span>with <span class=\"_ _2\"></span>the <span class=\"_ _2\"></span>exception <span class=\"_ _2\"></span>of <span class=\"_ _2\"></span>leases <span class=\"_ _2\"></span>with low value and term of twelve months or less which are expensed to the conso<span class=\"_ _1\"></span>lidated income statement.<span class=\"_ _2b5\"> </span>The Group as a lessee \u2013 Right-of-use assets and lease liabilities<span class=\"_ _2b5\"> </span>The accounting policy for right-of-use assets is included in note<span class=\"_ gs15\"> </span>3.5.<span class=\"_ _2b5\"> </span>The Group recognises lease liabilities where a lease contract exists and rig<span class=\"_ _1\"></span>ht-of-use assets representing the right to use the underlying leased assets.<span class=\"_ _2b5\"> </span>At the commencement of a lease, the Group recognises the lease liability me<span class=\"_ _1\"></span>asured at the present value of the lease payments to be made over the lease term.<span class=\"_ _2b5\"> </span>In calculating the present value of lease payments, the Group uses its incre<span class=\"_ _1\"></span>mental borrowing rate at the lease commencement date because the interest rate implicit in the lease<span class=\"_ _1\"></span> is not readily determinable. After the commencement date, the amount of the lease liability is increased to<span class=\"_ _1\"></span> reflect the accretion of interest and reduced for the lease payments made. The incremental borrowing<span class=\"_ _1\"></span> rate is the rate of interest that the Group would have to pay to borrow, over a similar term and with a similar security, the funds n<span class=\"_ _1\"></span>ecessary to obtain an asset of a similar value to the right-of-use asset in a similar economic environme<span class=\"_ _1\"></span>nt. Incremental borrowing rates are determined monthly and depend on the<span class=\"_ _1\"></span> term, country, currency and commencement date of the lease. The incremental borrowing rate is determined ba<span class=\"_ _1\"></span>sed on a series of inputs including: the risk-free rate based on swap market data; a country-specific risk adjustment; a credit risk a<span class=\"_ _1\"></span>djustment; and an entity-specific adjustment where the entity risk profile is different to that of the<span class=\"_ _1\"></span> Group.<span class=\"_ _2b5\"> </span>The lease liability is subsequently remeasured (with a corresponding<span class=\"_ _1\"></span> adjustment to the related right-of-use asset) when there is a change in future lease payments due to a ren<span class=\"_ _1\"></span>egotiation or market rent review, a change of an index or rate or a reassessment of the lease term.<span class=\"_ _2b5\"> </span>Lease payments are apportioned between a finance charge and a reduction of the lease liability bas<span class=\"_ _2a\"></span>ed on the constant interest rate applied to the remaining balance of th<span class=\"_ _1\"></span>e liability. Interest expense is included within net finance costs in the consolidated income statement.<span class=\"_ _2b5\"> </span>Lease payments comprise fixed payments, including in-substance fixed p<span class=\"_ _1\"></span>ayments such as service charges and variable lease payments that depend on an index or a<span class=\"_ _1\"></span> rate, initially measured using the minimum index or rate at inception date. The payments also include any lease in<span class=\"_ _1\"></span>centives and any penalty payments for terminating the lease, if the lease term reflects the lessee exercising that op<span class=\"_ _1\"></span>tion.<span class=\"_ _2b5\"> </span>The lease term determined comprises the non-cancellable period o<span class=\"_ _1\"></span>f the lease contract. Periods covered by an option to extend the lease are included if the Group has re<span class=\"_ _1\"></span>asonable certainty that the option will be exercised, and periods covered by an option to terminate are inclu<span class=\"_ _1\"></span>ded if it is reasonably certain that this will not be exercised.<span class=\"_ _2b5\"> </span>The Group has elected to apply the practical expedient in IFRS<span class=\"_ gs15\"> </span>16<span class=\"_ _1\"></span> <span class=\"ffaa ls57 ws46\">Leases<span class=\"ffa9\"> paragraph<span class=\"_ gs15\"> </span>15 not to separate </span></span>non-lease components such as service charges from lease rental charg<span class=\"_ _1\"></span>es.<span class=\"_ _2b5\"> </span>The Group as a lessor<span class=\"_ _2b5\"> </span>When the Group acts as a lessor, it determines at lease commencement wheth<span class=\"_ _1\"></span>er the lease is a finance lease or an operating lease.<span class=\"_ _2b5\"> </span>To classify each lease, the Group makes an overall assessment of whether th<span class=\"_ _1\"></span>e lease transfers to the lessee all of the risks and rewards of ownership in relation to the underlying a<span class=\"_ _1\"></span>sset. If this is the case, then the lease is a finance lease. If not, then it is an operating lease.<span class=\"_ _2b5\"> </span>The Group acts as an intermediate lessor of property assets and equ<span class=\"_ _1\"></span>ipment. When the Group is an intermediate lessor, it accounts for its interests in the head lease and the su<span class=\"_ _1\"></span>b-lease separately. It assesses whether the sub-lease is a finance or operating lease in the con<span class=\"_ _1\"></span>text of the right-of-use asset arising from the head lease.<span class=\"_ _2b5\"> </span>In instances where the Group is the intermediate lessor and the sub-le<span class=\"_ _1\"></span>ase is classified as a finance lease, the Group recognises a net investment in sub-leases for amounts recove<span class=\"_ _1\"></span>rable from the sub-lessees while derecognising the respective portion of the right-of-use asset. The<span class=\"_ _1\"></span> lease liability is retained on the balance sheet. The net investment in sub-leases is classified as current or non-curre<span class=\"_ _1\"></span>nt finance assets in the consolidated balance sheet according to whether or not the amo<span class=\"_ _1\"></span>unts will be recovered within twelve months of the balance sheet date. Finance income recognised in respe<span class=\"_ _1\"></span>ct of net investment in sub-leases is presented within net finance costs in the consolidated income stateme<span class=\"_ _1\"></span>nt and the capital element of lease rental received is presented within investing activities in the consolidated ca<span class=\"_ _1\"></span>sh flow statement.<span class=\"_ _2b5\"> </span>The Group recognises lease payments received under operatin<span class=\"_ _1\"></span>g leases as income on a straight-line basis over the lease term. The Group accounts for finance leases as finance<span class=\"_ _1\"></span> lease receivables, using an incremental borrowing rate where the interest rate implicit in sub-lease is no<span class=\"_ _1\"></span>t easily determinable.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForLeasesExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-525": {
   "value": "3.6 Provisions Accounting policies<span class=\"_ _2b5\"> </span>Provisions are recognised when the Group has a present legal or co<span class=\"_ _1\"></span>nstructive obligation arising from past events, it is probable that cash will be paid to settle it, and the amount ca<span class=\"_ _1\"></span>n be estimated reliably.<span class=\"_ _2b5\"> </span>If the effect of the time value of money is material, provisions are discounted usin<span class=\"_ _1\"></span>g the yield on government bonds which have a similar timing and currency of cash flows to the provision b<span class=\"_ _1\"></span>eing discounted. Where required adjustments are made to the yields to reflect the risks specific to the ca<span class=\"_ _1\"></span>sh flows being discounted. The unwinding of the discount is recognised as a financing cost in th<span class=\"_ _1\"></span>e consolidated income statement.<span class=\"_ _2b5\"> </span>The value of the provision is determined based on assumptions a<span class=\"_ _1\"></span>nd estimates in relation to the amount, timing and likelihood of actual cash flows, which are dependent on fu<span class=\"_ _1\"></span>ture events. Where no reliable basis of estimation can be made, no provision is recorded. However, contingen<span class=\"_ _1\"></span>t liabilities disclosures are given when there is a greater than remote probability of outflow of econo<span class=\"_ _1\"></span>mic benefits. See note<span class=\"_ gs15\"> </span>6.2.<span class=\"_ _2b5\"> </span>On an ongoing basis, management monitor provisions and their a<span class=\"_ _1\"></span>ccurate estimation when compared to final outcomes.<span class=\"_ _2b5\"> </span>Denotes significant accounting estimates and assumptions<span class=\"_ _2b5\"> </span>As detailed in note<span class=\"_ gs15\"> </span>2.1, in respect of onerous customer contract provisions, d<span class=\"_ _1\"></span>ue to the level of uncertainty, combination of variables and timing across numerous contracts, it is not practical to<span class=\"_ _1\"></span> provide a quantitative analysis of the aggregated estimates and assumptions that are applied, and management do not<span class=\"_ _2a\"></span> believe that disclosing a potential range of outcomes on a consolidated b<span class=\"_ _1\"></span>asis would provide meaningful information to a user of the financial statements. Due to commercial sensitivities, the Group do<span class=\"_ _1\"></span>es not specifically disclose the amounts involved in any individual contract.<span class=\"_ _2b5\"> </span>Provisions<span class=\"_ _2b5\"> </span>The movements in provisions during the year are as follows:<span class=\"_ _2b5\"> </span><table class=\"s w1ce h95\" id=\"_21a4e788-f4ba-4691-bf3a-affdb9368373\"><tr><td></td><td class=\"t m0 xb84 h3a y2ebf ff98 fs8 fc7 sc0 ls58 ws47\">Cost </td><td></td><td class=\"t m0 xb85 h3a y2ebf ff98 fs8 fc7 sc0 ls58 ws47\">Claims and </td><td></td><td class=\"t m0 x71c h3a y2ebf ff98 fs8 fc7 sc0 ls58 ws47\">Customer </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xb86 h3a y2ec0 ff98 fs8 fc7 sc0 ls58 ws47\">reduction </td><td class=\"t m0 xb87 h3a y2ec0 ff98 fs8 fc7 sc0 ls58 ws47\">Business exit </td><td class=\"t m0 x484 h3a y2ec0 ff98 fs8 fc7 sc0 ls58 ws47\">litigation </td><td class=\"t m0 xb88 h3a y2ec0 ff98 fs8 fc7 sc0 ls58 ws47\">Property </td><td class=\"t m0 xb89 h3a y2ec0 ff98 fs8 fc7 sc0 ls58 ws47\">contract </td><td class=\"t m0 xb8a h3a y2ec0 ff98 fs8 fc7 sc0 ls58 ws47\">Other </td><td></td></tr><tr><td></td><td class=\"t m0 xb86 h3a y2ec1 ff98 fs8 fc7 sc0 ls58 ws47\">provision </td><td class=\"t m0 xb8b h3a y2ec1 ff98 fs8 fc7 sc0 ls58 ws47\">provision </td><td class=\"t m0 x683 h3a y2ec1 ff98 fs8 fc7 sc0 ls58 ws47\">provision </td><td class=\"t m0 xb8c h3a y2ec1 ff98 fs8 fc7 sc0 ls58 ws47\">provision </td><td class=\"t m0 x71c h3a y2ec1 ff98 fs8 fc7 sc0 ls58 ws47\"> provision </td><td class=\"t m0 x487 h3a y2ec1 ff98 fs8 fc7 sc0 ls58 ws47\">provisions </td><td class=\"t m0 x345 h3a y2ec2 ff98 fs8 fc7 sc0 ls58 ws47\">Total </td></tr><tr><td></td><td class=\"t m0 xb8d h3a y2ec3 ff98 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4cd h3a y2ec3 ff98 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb8e h3a y2ec3 ff98 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb8f h3a y2ec3 ff98 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb90 h3a y2ec3 ff98 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d1 h3a y2ec3 ff98 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2ec3 ff98 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2ec4 w19a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb91 y2ec4 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb92 y2ec4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls57 ws46\">10.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb93 y2ec4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls57 ws46\">17.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb94 y2ec4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls57 ws46\">18.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb95 y2ec4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls57 ws46\">73.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb96 y2ec4 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls57 ws46\">7.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x31c y2ec4 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls57 ws46\">127.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ec5 w1cf h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls9 ws1\">Provisions in the year<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb97 y2ec5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">35.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb98 y2ec5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">10.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb99 y2ec5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">29.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb9a y2ec5 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">3.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb9b y2ec5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">16.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb9c y2ec5 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">7.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb9d y2ec5 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">104.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ec6 w1d0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls9 ws1\">Releases in the year<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb9e y2ec6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb9f y2ec6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">(3.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xba0 y2ec6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">(3.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xba1 y2ec6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">(6.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xba2 y2ec6 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">(12.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xba3 y2ec6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">(2.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xba4 y2ec6 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">(28.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ec7 w1d1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls9 ws1\">Utilisation<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xba5 y2ec7 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">(6.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xba6 y2ec7 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">(10.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xba7 y2ec7 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">(2.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xba8 y2ec7 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">(7.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xba9 y2ec7 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">(21.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbaa y2ec7 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">(6.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbab y2ec7 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">(54.8)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c x2be y2ec8 w1d2 h61\"><div class=\"t m0 x2bd h38 y2c5b ff98 fs5 fc7 sc0 ls57 ws46\">Discount unwind on<span class=\"_ _2b5\"> </span></div><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls9 ws1\">provisions<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbac y2ec8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbad y2ec8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbae y2ec8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbaf y2ec8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbb0 y2ec8 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">2.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbb1 y2ec8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbb2 y2ec8 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">2.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2ec9 ff98 fs5 fc7 sc0 ls57 ws46\">Transfer to disposal group </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x349 h38 y2eca ff98 fs5 fc7 sc0 ls9 ws1\">liabilities held for sale<span class=\"_ _2b5\"> </span></td><td class=\"c n xbb3 y2e03 w32 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff97 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbb4 y2e03 w32 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff97 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbb5 y2e03 w32 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff97 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbb6 y2e03 w35 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff97 fs5 fc7 sc0 ls9 ws1\">(0.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbb7 y2e03 w32 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff97 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbb8 y2e03 w32 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff97 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbb9 y2e03 w35 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff97 fs5 fc7 sc0 ls9 ws1\">(0.5)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c x2be y2c95 w1d3 h61\"><div class=\"t m0 x2bd h38 y2c5b ff98 fs5 fc7 sc0 ls9 ws1\">Reclassification between<span class=\"_ _2b5\"> </span></div><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls57 ws46\">categories<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbba y2c95 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbbb y2c95 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbbc y2c95 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbbd y2c95 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbbe y2c95 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">(0.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbbf y2c95 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">(0.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbc0 y2c95 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w1c2 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff97 fs5 fc7 sc0 ls57 ws46\">At 31<span class=\"_ gs15\"> </span>December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbc1 y2be6 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff97 fs5 fc7 sc0 ls57 ws46\">29.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbc2 y2be6 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff97 fs5 fc7 sc0 ls57 ws46\">7.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbc3 y2be6 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff97 fs5 fc7 sc0 ls57 ws46\">41.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbc4 y2be6 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff97 fs5 fc7 sc0 ls57 ws46\">7.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbc5 y2be6 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff97 fs5 fc7 sc0 ls57 ws46\">58.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbc6 y2be6 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff97 fs5 fc7 sc0 ls57 ws46\">5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbc7 y2be6 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ff97 fs5 fc7 sc0 ls57 ws46\">150.2<span class=\"_ _2b5\"> </span></div></td></tr></table>1<span class=\"_ _2b5\"> </span><table class=\"s w1d4 h96\" id=\"_cba01821-c4f8-493d-a57b-31cbe5ce0f58\"><tr><td></td><td class=\"t m0 xbc8 h3b y2ecb ff97 fs8 fc7 sc0 ls58 ws47\">31<span class=\"_ gs234\"> </span>December 2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbc9 h3a y2ecb ff98 fs8 fc7 sc0 ls58 ws47\">31<span class=\"_ gs234\"> </span>December 2022</td></tr><tr><td></td><td class=\"t m0 xbca h3b y2ecc ff97 fs8 fc7 sc0 ls58 ws47\"> \u00a3m</td><td class=\"t m0 xbcb h3a y2ecc ff98 fs8 fc7 sc0 ls58 ws47\"> \u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2bf8 w1d5 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">Current<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbcc y2bf8 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">101.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbcd y2bf8 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls57 ws46\">75.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bfb w1d6 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">Non-current<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbce y2bfb w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">48.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbcf y2bfb w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls57 ws46\">51.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n xbd0 y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">150.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbd1 y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls57 ws46\">127.3<span class=\"_ _2b5\"> </span></div></td></tr></table>1.<span class=\"_ _9\"> </span>Transfers to disposal group assets held for sale in the year ended<span class=\"ls9 ws1\"> </span>31<span class=\"_ gs234\"> </span>December 2023 includes \u00a30.5m that was transferred at 30<span class=\"_ gs234\"> </span>June 2023 and subsequently sold during the second half of the year<span class=\"_ _2b5\"> </span>Cost reduction provision:<span class=\"ff98 ls9 ws1\"> The provision represents the cost of reducing headcount where communica<span class=\"_ _1\"></span>tion </span>to affected employees has crystallised a valid expectation that roles are at risk a<span class=\"_ _1\"></span>nd it is likely to unwind over the next twelve months. Additionally, it relates to unavoidable running co<span class=\"_ _1\"></span>sts of leasehold properties, such as insurance and security, and dilapidation provisions, where prope<span class=\"_ _1\"></span>rties are exited as a result of the cost reduction programme. These provisions are likely to unwind over perio<span class=\"_ _1\"></span>ds of up to four years. Refer to note 2.4 <span class=\"ls9 ws1\">for further details on the cost reduction programme.<span class=\"_ _2b5\"> </span></span>Business exit provision:<span class=\"ff98 ls9 ws1\"> The provision relates to the cost of exiting businesses through disposal or </span>closure including professional fees related to business exits and the<span class=\"_ _1\"></span> costs of separating the businesses being disposed. These are likely to unwind over a period of on<span class=\"_ _1\"></span>e to four years.<span class=\"_ _2b5\"> </span>Claims and litigation provision:<span class=\"ff98\"> The Group is expo<span class=\"_ _1\"></span>sed to claims and litigation proceedings arising in the </span>ordinary course of business. These matters are reassessed regularly an<span class=\"_ _1\"></span>d where obligations are probable and estimable, provisions are made based on the Group\u2019s best estima<span class=\"_ _1\"></span>te of the expenditure to be incurred. Due to the nature of these claims, the Group cannot give an estimate o<span class=\"_ _1\"></span>f the period over which this provision will unwind.<span class=\"_ _2b5\"> </span><div class=\"t m0 h38 ff99 fs5 fc7 sc0 ls57 ws46 gs559\">Property provision:<span class=\"ff9a ls9 ws1\"> The provision relates to unavoidable running costs, such as insurance an<span class=\"_ _1\"></span>d security, of </span></div><div class=\"t m0 h38 ff9a fs5 fc7 sc0 ls9 ws1 gs55a\">leasehold property where the space is vacant or currently not planne<span class=\"_ _1\"></span>d to be used, and dilapidation costs, for </div><div class=\"t m0 h38 ff9a fs5 fc7 sc0 ls57 ws46 gs55b\">ongoing operations, and not the cost reduction programme detailed in note 2.4<span class=\"ls9 ws1\"> (where such costs are </span></div><div class=\"t m0 h38 ff9a fs5 fc7 sc0 ls57 ws46 gs55c\">included in the <span class=\"ls9 ws1\">cost reduction provision). The expectation is that this expenditure will be incu<span class=\"_ _1\"></span>rred over the </span></div><div class=\"t m0 h38 ff9a fs5 fc7 sc0 ls9 ws1 gs55d\">remaining periods of the leases which vary up to 23 years.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff99 fs5 fc7 sc0 ls57 ws46 gs55e\">Customer contract provision:<span class=\"ff9a ls9 ws1\"> The provision includes onerous contract provisions in respect of customer </span></div><div class=\"t m0 h38 ff9a fs5 fc7 sc0 ls9 ws1 gs55f\">contracts where the costs of fulfilling a contract (both incremental and costs dire<span class=\"_ _1\"></span>ctly related to contract </div><div class=\"t m0 h38 ff9a fs5 fc7 sc0 ls9 ws1 gs560\">activities) exceeds the economic benefits expected to be received unde<span class=\"_ _1\"></span>r the contract, claims/obligations </div><div class=\"t m0 h38 ff9a fs5 fc7 sc0 ls9 ws1 gs14a\">associated with missed milestones in contractual obligations, and other p<span class=\"_ _1\"></span>otential exposures related to </div><div class=\"t m0 h38 ff9a fs5 fc7 sc0 ls9 ws1 gs14b\">contracts with customers. Customer contract life-time reviews are used to determine the valu<span class=\"_ _1\"></span>e of an </div><div class=\"t m0 h38 ff9a fs5 fc7 sc0 ls9 ws1 gs561\">onerous contract provision. The life-time contract review reflects the forecast of th<span class=\"_ _1\"></span>e best estimate of external </div><div class=\"t m0 h38 ff9a fs5 fc7 sc0 ls9 ws1 gs562\">revenues and costs over the remaining contract term. These provisions a<span class=\"_ _1\"></span>re forecast to unwind over periods </div><div class=\"t m0 h38 ff9a fs5 fc7 sc0 ls9 ws1 gs563\">of up to six years.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff9a fs5 fc7 sc0 ls9 ws1 gs14f\">The customer contract provision includes <span class=\"ls57 ws46\">\u00a35</span>3.3m (<span class=\"ls57 ws46\">2022</span>: \u00a3<span class=\"_ _1\"></span><span class=\"ls57 ws46\">59.7m<span class=\"ls9 ws1\">) in respect of closed book Life &amp; Pensions </span></span></div><div class=\"t m0 h38 ff9a fs5 fc7 sc0 ls9 ws1 gs150\">contracts in Capita Experience. The closed books and contractual dyna<span class=\"_ _1\"></span>mics have led to onerous conditions </div><div class=\"t m0 h38 ff9a fs5 fc7 sc0 ls9 ws1 gs564\">to service certain of these contracts. Management has been required<span class=\"_ _1\"></span> to assess the likely length of these </div><div class=\"t m0 h38 ff9a fs5 fc7 sc0 ls9 ws1 gs565\">contracts, given the pattern and experience of contract terminations wh<span class=\"_ _1\"></span>ile also recognising the evergreen </div><div class=\"t m0 h38 ff9a fs5 fc7 sc0 ls9 ws1 gs45c\">clauses (which potentially allow the customer to extend the contracts indefinite<span class=\"_ _1\"></span>ly until the run-off of the </div><div class=\"t m0 h38 ff9a fs5 fc7 sc0 ls9 ws1 gs45d\">underlying life and pension books is complete). Accordingly, the Group<span class=\"_ _1\"></span> has, in prior years, provided for the </div><div class=\"t m0 h38 ff9a fs5 fc7 sc0 ls9 ws1 gs566\">onerous contract conditions based on the best estimate of the remain<span class=\"_ _1\"></span>ing contract terms and the period and </div><div class=\"t m0 h38 ff9a fs5 fc7 sc0 ls9 ws1 gs567\">likely costs to support the final handover of services. At <span class=\"_ _1\"></span><span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\">, the provision was increased to </span></span></div><div class=\"t m0 h38 ff9a fs5 fc7 sc0 ls9 ws1 gs568\">provide cover for contracts to extend out to Decembe<span class=\"_ _1\"></span>r 2028 (ie a five year rolling period).<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff99 fs5 fc7 sc0 ls57 ws46 gs569\">Other provisions:<span class=\"ff9a ls9 ws1\"> Relates to provisions in respect of other potential exposures arising as a result of th<span class=\"_ _1\"></span>e </span></div><div class=\"t m0 h38 ff9a fs5 fc7 sc0 ls9 ws1 gs56a\">nature of some of the operations that the Group provides, includin<span class=\"_ _1\"></span>g supplier audit and regulatory provisions. </div><div class=\"t m0 h38 ff9a fs5 fc7 sc0 ls9 ws1 gs45f\">These are likely to unwind over periods of up to five years.<span class=\"_ _2b5\"> </span></div>6.2 Contingent liabilities Contingent liabilities represent potential future cash outflows which are e<span class=\"_ _1\"></span>ither not probable or cannot be measured reliably.<span class=\"_ _2b5\"> </span>The Group has pr<span class=\"ls9 ws1\">ovided, through the normal course of its business, performance bond<span class=\"_ _1\"></span>s and bank </span>guarantees of \u00a322.5m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a334.0m<span class=\"ls9 ws1\">). At </span>31<span class=\"_ gs15\"> </span>December 2023 there was an additional guarantee of \u00a315<span class=\"ls9 ws1\">m in </span>relation to the disposed Travel businesses, which has since reduced<span class=\"_ _1\"></span> to \u00a39.5m in January 2024. Capita plc\u2019s exposure is counter-indemnified by Clarity Travel Limited.<span class=\"_ _2b5\"> </span>The Group is reviewing its position in respect of a number of its closed boo<span class=\"_ _1\"></span>k Life &amp; Pensions contracts. The outcomes and timing of this review, which are uncertain, could result in<span class=\"_ _1\"></span> no change to the current position, the continuation of contracts with amended terms or the termination of co<span class=\"_ _1\"></span>ntracts. If an operation is terminated, the Group may incur associated costs, accelerate the recognitio<span class=\"_ _1\"></span>n of deferred income or the impairment of contract assets.<span class=\"_ _2b5\"> </span>Following the cyber incident in March 2023 detailed in the Chief Execu<span class=\"_ _1\"></span>tive Officer\u2019s Review, Capita has been working closely with all appropriate regulatory authorities and<span class=\"_ _1\"></span> with customers, suppliers and employees to notify those affected and take any remaining necessary ste<span class=\"_ _1\"></span>ps to address the incident. At the date of approval of these consolidated financial statements, we remain<span class=\"_ _1\"></span> in dialogue with the Information Commissioner\u2019s Office (ICO) and are responding to their information requests. While<span class=\"_ _1\"></span> we anticipate that there will be further additional requests as part of ICO\u2019s review, no formal action<span class=\"_ _1\"></span> has been taken by the ICO in connection with the cyber incident and there have been no p<span class=\"_ _1\"></span>reliminary findings regarding fault that could lead to any potential regulatory penalty. The Group has receive<span class=\"_ _1\"></span>d notification of potential claims for damages by or on behalf of individuals whose data may have been exfiltrate<span class=\"_ _1\"></span>d as part of the incident. At the date of approval of these consolidated financial statements, the Group has re<span class=\"_ _1\"></span>ceived no substantive claims in relation to the cyber incident. Whether any such claims will be received is unce<span class=\"_ _1\"></span>rtain, but the Group will vigorously defend any such claims and, at the date of approval of the<span class=\"_ _1\"></span>se financial statements, it is not possible to reliably estimate the potential value of any potential futu<span class=\"_ _1\"></span>re claim or penalty against the Group.<span class=\"_ _2b5\"> </span>The Group\u2019s entities are parties to legal actions and claims which arise in th<span class=\"_ _1\"></span>e normal course of business. The Group needs to apply judgement in determining the merit o<span class=\"_ _1\"></span>f litigation against it and the chances of a claim successfully being made. It needs to determine the likelihood of an o<span class=\"_ _1\"></span>utflow of economic benefits occurring and whether there is a need to disclose a contingent liab<span class=\"_ _1\"></span>ility or whether a provision might be required due to the probability assessment.<span class=\"_ _2b5\"> </span>At any time there are a number of claims or notifications that need to be a<span class=\"_ _1\"></span>ssessed across the Group. The disparate nature of the Group\u2019s entities heightens the risk that not a<span class=\"_ _1\"></span>ll potential claims are known at any point in time.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfOtherProvisionsContingentLiabilitiesAndContingentAssetsExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-482": {
   "value": "3.6 Provisions Accounting policies<span class=\"_ _2b5\"> </span>Provisions are recognised when the Group has a present legal or co<span class=\"_ _1\"></span>nstructive obligation arising from past events, it is probable that cash will be paid to settle it, and the amount ca<span class=\"_ _1\"></span>n be estimated reliably.<span class=\"_ _2b5\"> </span>If the effect of the time value of money is material, provisions are discounted usin<span class=\"_ _1\"></span>g the yield on government bonds which have a similar timing and currency of cash flows to the provision b<span class=\"_ _1\"></span>eing discounted. Where required adjustments are made to the yields to reflect the risks specific to the ca<span class=\"_ _1\"></span>sh flows being discounted. The unwinding of the discount is recognised as a financing cost in th<span class=\"_ _1\"></span>e consolidated income statement.<span class=\"_ _2b5\"> </span>The value of the provision is determined based on assumptions a<span class=\"_ _1\"></span>nd estimates in relation to the amount, timing and likelihood of actual cash flows, which are dependent on fu<span class=\"_ _1\"></span>ture events. Where no reliable basis of estimation can be made, no provision is recorded. However, contingen<span class=\"_ _1\"></span>t liabilities disclosures are given when there is a greater than remote probability of outflow of econo<span class=\"_ _1\"></span>mic benefits. See note<span class=\"_ gs15\"> </span>6.2.<span class=\"_ _2b5\"> </span>On an ongoing basis, management monitor provisions and their a<span class=\"_ _1\"></span>ccurate estimation when compared to final outcomes.<span class=\"_ _2b5\"> </span>Denotes significant accounting estimates and assumptions<span class=\"_ _2b5\"> </span>As detailed in note<span class=\"_ gs15\"> </span>2.1, in respect of onerous customer contract provisions, d<span class=\"_ _1\"></span>ue to the level of uncertainty, combination of variables and timing across numerous contracts, it is not practical to<span class=\"_ _1\"></span> provide a quantitative analysis of the aggregated estimates and assumptions that are applied, and management do not<span class=\"_ _2a\"></span> believe that disclosing a potential range of outcomes on a consolidated b<span class=\"_ _1\"></span>asis would provide meaningful information to a user of the financial statements. Due to commercial sensitivities, the Group do<span class=\"_ _1\"></span>es not specifically disclose the amounts involved in any individual contract.<span class=\"_ _2b5\"> </span><div class=\"t m0 h39 ff97 fs5 fc6 sc0 ls57 ws46 gs543\">Provisions<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff98 fs5 fc7 sc0 ls9 ws1 gs544\">The movements in provisions during the year are as follows:<span class=\"_ _2b5\"> </span></div><div class=\"gs545\"><table class=\"s w1ce h95\" id=\"_21a4e788-f4ba-4691-bf3a-affdb9368373\"><tr><td></td><td class=\"t m0 xb84 h3a y2ebf ff98 fs8 fc7 sc0 ls58 ws47\">Cost </td><td></td><td class=\"t m0 xb85 h3a y2ebf ff98 fs8 fc7 sc0 ls58 ws47\">Claims and </td><td></td><td class=\"t m0 x71c h3a y2ebf ff98 fs8 fc7 sc0 ls58 ws47\">Customer </td><td></td><td></td></tr><tr><td></td><td class=\"t m0 xb86 h3a y2ec0 ff98 fs8 fc7 sc0 ls58 ws47\">reduction </td><td class=\"t m0 xb87 h3a y2ec0 ff98 fs8 fc7 sc0 ls58 ws47\">Business exit </td><td class=\"t m0 x484 h3a y2ec0 ff98 fs8 fc7 sc0 ls58 ws47\">litigation </td><td class=\"t m0 xb88 h3a y2ec0 ff98 fs8 fc7 sc0 ls58 ws47\">Property </td><td class=\"t m0 xb89 h3a y2ec0 ff98 fs8 fc7 sc0 ls58 ws47\">contract </td><td class=\"t m0 xb8a h3a y2ec0 ff98 fs8 fc7 sc0 ls58 ws47\">Other </td><td></td></tr><tr><td></td><td class=\"t m0 xb86 h3a y2ec1 ff98 fs8 fc7 sc0 ls58 ws47\">provision </td><td class=\"t m0 xb8b h3a y2ec1 ff98 fs8 fc7 sc0 ls58 ws47\">provision </td><td class=\"t m0 x683 h3a y2ec1 ff98 fs8 fc7 sc0 ls58 ws47\">provision </td><td class=\"t m0 xb8c h3a y2ec1 ff98 fs8 fc7 sc0 ls58 ws47\">provision </td><td class=\"t m0 x71c h3a y2ec1 ff98 fs8 fc7 sc0 ls58 ws47\"> provision </td><td class=\"t m0 x487 h3a y2ec1 ff98 fs8 fc7 sc0 ls58 ws47\">provisions </td><td class=\"t m0 x345 h3a y2ec2 ff98 fs8 fc7 sc0 ls58 ws47\">Total </td></tr><tr><td></td><td class=\"t m0 xb8d h3a y2ec3 ff98 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4cd h3a y2ec3 ff98 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb8e h3a y2ec3 ff98 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb8f h3a y2ec3 ff98 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb90 h3a y2ec3 ff98 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d1 h3a y2ec3 ff98 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2ec3 ff98 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2ec4 w19a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb91 y2ec4 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb92 y2ec4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls57 ws46\">10.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb93 y2ec4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls57 ws46\">17.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb94 y2ec4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls57 ws46\">18.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb95 y2ec4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls57 ws46\">73.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb96 y2ec4 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls57 ws46\">7.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x31c y2ec4 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls57 ws46\">127.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ec5 w1cf h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls9 ws1\">Provisions in the year<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb97 y2ec5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">35.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb98 y2ec5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">10.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb99 y2ec5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">29.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb9a y2ec5 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">3.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb9b y2ec5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">16.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb9c y2ec5 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">7.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb9d y2ec5 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">104.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ec6 w1d0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls9 ws1\">Releases in the year<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb9e y2ec6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb9f y2ec6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">(3.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xba0 y2ec6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">(3.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xba1 y2ec6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">(6.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xba2 y2ec6 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">(12.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xba3 y2ec6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">(2.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xba4 y2ec6 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">(28.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ec7 w1d1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls9 ws1\">Utilisation<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xba5 y2ec7 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">(6.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xba6 y2ec7 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">(10.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xba7 y2ec7 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">(2.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xba8 y2ec7 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">(7.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xba9 y2ec7 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">(21.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbaa y2ec7 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">(6.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbab y2ec7 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">(54.8)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c x2be y2ec8 w1d2 h61\"><div class=\"t m0 x2bd h38 y2c5b ff98 fs5 fc7 sc0 ls57 ws46\">Discount unwind on<span class=\"_ _2b5\"> </span></div><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls9 ws1\">provisions<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbac y2ec8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbad y2ec8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbae y2ec8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbaf y2ec8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbb0 y2ec8 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">2.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbb1 y2ec8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbb2 y2ec8 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">2.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2ec9 ff98 fs5 fc7 sc0 ls57 ws46\">Transfer to disposal group </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x349 h38 y2eca ff98 fs5 fc7 sc0 ls9 ws1\">liabilities held for sale<span class=\"_ _2b5\"> </span></td><td class=\"c n xbb3 y2e03 w32 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff97 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbb4 y2e03 w32 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff97 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbb5 y2e03 w32 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff97 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbb6 y2e03 w35 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff97 fs5 fc7 sc0 ls9 ws1\">(0.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbb7 y2e03 w32 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff97 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbb8 y2e03 w32 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff97 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbb9 y2e03 w35 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff97 fs5 fc7 sc0 ls9 ws1\">(0.5)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c x2be y2c95 w1d3 h61\"><div class=\"t m0 x2bd h38 y2c5b ff98 fs5 fc7 sc0 ls9 ws1\">Reclassification between<span class=\"_ _2b5\"> </span></div><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls57 ws46\">categories<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbba y2c95 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbbb y2c95 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbbc y2c95 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbbd y2c95 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbbe y2c95 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">(0.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbbf y2c95 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">(0.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbc0 y2c95 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w1c2 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff97 fs5 fc7 sc0 ls57 ws46\">At 31<span class=\"_ gs15\"> </span>December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbc1 y2be6 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff97 fs5 fc7 sc0 ls57 ws46\">29.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbc2 y2be6 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff97 fs5 fc7 sc0 ls57 ws46\">7.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbc3 y2be6 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff97 fs5 fc7 sc0 ls57 ws46\">41.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbc4 y2be6 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff97 fs5 fc7 sc0 ls57 ws46\">7.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbc5 y2be6 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff97 fs5 fc7 sc0 ls57 ws46\">58.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbc6 y2be6 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff97 fs5 fc7 sc0 ls57 ws46\">5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbc7 y2be6 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ff97 fs5 fc7 sc0 ls57 ws46\">150.2<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h3e ff98 fs1c fc7 sc0 ls9 ws1 gs546\">1<span class=\"_ _2b5\"> </span></div><div class=\"gs547\"><table class=\"s w1d4 h96\" id=\"_cba01821-c4f8-493d-a57b-31cbe5ce0f58\"><tr><td></td><td class=\"t m0 xbc8 h3b y2ecb ff97 fs8 fc7 sc0 ls58 ws47\">31<span class=\"_ gs234\"> </span>December 2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbc9 h3a y2ecb ff98 fs8 fc7 sc0 ls58 ws47\">31<span class=\"_ gs234\"> </span>December 2022</td></tr><tr><td></td><td class=\"t m0 xbca h3b y2ecc ff97 fs8 fc7 sc0 ls58 ws47\"> \u00a3m</td><td class=\"t m0 xbcb h3a y2ecc ff98 fs8 fc7 sc0 ls58 ws47\"> \u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2bf8 w1d5 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">Current<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbcc y2bf8 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">101.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbcd y2bf8 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls57 ws46\">75.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bfb w1d6 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">Non-current<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbce y2bfb w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">48.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbcf y2bfb w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls57 ws46\">51.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n xbd0 y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff97 fs5 fc7 sc0 ls57 ws46\">150.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbd1 y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff98 fs5 fc7 sc0 ls57 ws46\">127.3<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h3a ff98 fs8 fc7 sc0 ls58 ws47 gs548\">1.<span class=\"_ _9\"> </span>Transfers to disposal group assets held for sale in the year ended<span class=\"ls9 ws1\"> </span>31<span class=\"_ gs234\"> </span>December 2023 includes \u00a30.5m that was transferred at 30<span class=\"_ gs234\"> </span>June 2023 </div><div class=\"t m0 h3a ff98 fs8 fc7 sc0 ls58 ws47 gs549\">and subsequently sold during the second half of the year<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff97 fs5 fc7 sc0 ls57 ws46 gs54a\">Cost reduction provision:<span class=\"ff98 ls9 ws1\"> The provision represents the cost of reducing headcount where communica<span class=\"_ _1\"></span>tion </span></div><div class=\"t m0 h38 ff98 fs5 fc7 sc0 ls9 ws1 gs54b\">to affected employees has crystallised a valid expectation that roles are at risk a<span class=\"_ _1\"></span>nd it is likely to unwind over </div><div class=\"t m0 h38 ff98 fs5 fc7 sc0 ls9 ws1 gs54c\">the next twelve months. Additionally, it relates to unavoidable running co<span class=\"_ _1\"></span>sts of leasehold properties, such as </div><div class=\"t m0 h38 ff98 fs5 fc7 sc0 ls9 ws1 gs54d\">insurance and security, and dilapidation provisions, where prope<span class=\"_ _1\"></span>rties are exited as a result of the cost </div><div class=\"t m0 h38 ff98 fs5 fc7 sc0 ls9 ws1 gs54e\">reduction programme. These provisions are likely to unwind over perio<span class=\"_ _1\"></span>ds of up to four years. Refer to note </div><div class=\"t m0 h38 ff98 fs5 fc7 sc0 ls57 ws46 gs54f\">2.4 <span class=\"ls9 ws1\">for further details on the cost reduction programme.<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ff97 fs5 fc7 sc0 ls57 ws46 gs550\">Business exit provision:<span class=\"ff98 ls9 ws1\"> The provision relates to the cost of exiting businesses through disposal or </span></div><div class=\"t m0 h38 ff98 fs5 fc7 sc0 ls9 ws1 gs551\">closure including professional fees related to business exits and the<span class=\"_ _1\"></span> costs of separating the businesses </div><div class=\"t m0 h38 ff98 fs5 fc7 sc0 ls9 ws1 gs552\">being disposed. These are likely to unwind over a period of on<span class=\"_ _1\"></span>e to four years.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff97 fs5 fc7 sc0 ls9 ws1 gs553\">Claims and litigation provision:<span class=\"ff98\"> The Group is expo<span class=\"_ _1\"></span>sed to claims and litigation proceedings arising in the </span></div><div class=\"t m0 h38 ff98 fs5 fc7 sc0 ls9 ws1 gs554\">ordinary course of business. These matters are reassessed regularly an<span class=\"_ _1\"></span>d where obligations are probable </div><div class=\"t m0 h38 ff98 fs5 fc7 sc0 ls9 ws1 gs555\">and estimable, provisions are made based on the Group\u2019s best estima<span class=\"_ _1\"></span>te of the expenditure to be incurred. </div><div class=\"t m0 h38 ff98 fs5 fc7 sc0 ls9 ws1 gs556\">Due to the nature of these claims, the Group cannot give an estimate o<span class=\"_ _1\"></span>f the period over which this provision </div><div class=\"t m0 h38 ff98 fs5 fc7 sc0 ls9 ws1 gs557\">will unwind.<span class=\"_ _2b5\"> </span></div>Property provision:<span class=\"ff9a ls9 ws1\"> The provision relates to unavoidable running costs, such as insurance an<span class=\"_ _1\"></span>d security, of </span>leasehold property where the space is vacant or currently not planne<span class=\"_ _1\"></span>d to be used, and dilapidation costs, for ongoing operations, and not the cost reduction programme detailed in note 2.4<span class=\"ls9 ws1\"> (where such costs are </span>included in the <span class=\"ls9 ws1\">cost reduction provision). The expectation is that this expenditure will be incu<span class=\"_ _1\"></span>rred over the </span>remaining periods of the leases which vary up to 23 years.<span class=\"_ _2b5\"> </span>Customer contract provision:<span class=\"ff9a ls9 ws1\"> The provision includes onerous contract provisions in respect of customer </span>contracts where the costs of fulfilling a contract (both incremental and costs dire<span class=\"_ _1\"></span>ctly related to contract activities) exceeds the economic benefits expected to be received unde<span class=\"_ _1\"></span>r the contract, claims/obligations associated with missed milestones in contractual obligations, and other p<span class=\"_ _1\"></span>otential exposures related to contracts with customers. Customer contract life-time reviews are used to determine the valu<span class=\"_ _1\"></span>e of an onerous contract provision. The life-time contract review reflects the forecast of th<span class=\"_ _1\"></span>e best estimate of external revenues and costs over the remaining contract term. These provisions a<span class=\"_ _1\"></span>re forecast to unwind over periods of up to six years.<span class=\"_ _2b5\"> </span>The customer contract provision includes <span class=\"ls57 ws46\">\u00a35</span>3.3m (<span class=\"ls57 ws46\">2022</span>: \u00a3<span class=\"_ _1\"></span><span class=\"ls57 ws46\">59.7m<span class=\"ls9 ws1\">) in respect of closed book Life &amp; Pensions </span></span>contracts in Capita Experience. The closed books and contractual dyna<span class=\"_ _1\"></span>mics have led to onerous conditions to service certain of these contracts. Management has been required<span class=\"_ _1\"></span> to assess the likely length of these contracts, given the pattern and experience of contract terminations wh<span class=\"_ _1\"></span>ile also recognising the evergreen clauses (which potentially allow the customer to extend the contracts indefinite<span class=\"_ _1\"></span>ly until the run-off of the underlying life and pension books is complete). Accordingly, the Group<span class=\"_ _1\"></span> has, in prior years, provided for the onerous contract conditions based on the best estimate of the remain<span class=\"_ _1\"></span>ing contract terms and the period and likely costs to support the final handover of services. At <span class=\"_ _1\"></span><span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\">, the provision was increased to </span></span>provide cover for contracts to extend out to Decembe<span class=\"_ _1\"></span>r 2028 (ie a five year rolling period).<span class=\"_ _2b5\"> </span>Other provisions:<span class=\"ff9a ls9 ws1\"> Relates to provisions in respect of other potential exposures arising as a result of th<span class=\"_ _1\"></span>e </span>nature of some of the operations that the Group provides, includin<span class=\"_ _1\"></span>g supplier audit and regulatory provisions. These are likely to unwind over periods of up to five years.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-454": {
   "value": "Accounting policies<span class=\"_ _2b5\"> </span>Provisions are recognised when the Group has a present legal or co<span class=\"_ _1\"></span>nstructive obligation arising from past events, it is probable that cash will be paid to settle it, and the amount ca<span class=\"_ _1\"></span>n be estimated reliably.<span class=\"_ _2b5\"> </span>If the effect of the time value of money is material, provisions are discounted usin<span class=\"_ _1\"></span>g the yield on government bonds which have a similar timing and currency of cash flows to the provision b<span class=\"_ _1\"></span>eing discounted. Where required adjustments are made to the yields to reflect the risks specific to the ca<span class=\"_ _1\"></span>sh flows being discounted. The unwinding of the discount is recognised as a financing cost in th<span class=\"_ _1\"></span>e consolidated income statement.<span class=\"_ _2b5\"> </span>The value of the provision is determined based on assumptions a<span class=\"_ _1\"></span>nd estimates in relation to the amount, timing and likelihood of actual cash flows, which are dependent on fu<span class=\"_ _1\"></span>ture events. Where no reliable basis of estimation can be made, no provision is recorded. However, contingen<span class=\"_ _1\"></span>t liabilities disclosures are given when there is a greater than remote probability of outflow of econo<span class=\"_ _1\"></span>mic benefits. See note<span class=\"_ gs15\"> </span>6.2.<span class=\"_ _2b5\"> </span>On an ongoing basis, management monitor provisions and their a<span class=\"_ _1\"></span>ccurate estimation when compared to final outcomes.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForProvisionsExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-483": {
   "value": "<div class=\"t m0 h37 ff9d fs3 fc6 sc0 ls9 ws1 gs56c\">4.1 Net debt, capital and capital management<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff9d fs5 fc6 sc0 ls57 ws46 gs56d\">4.1.1 Net debt and capital<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff9e fs5 fc7 sc0 ls9 ws1 gs56e\">The components of the Group\u2019s net debt and undrawn availab<span class=\"_ _1\"></span>le liquidity are summarised below.<span class=\"_ _2b5\"> </span></div><div class=\"gs56f\"><table class=\"s w1d7 h97\" id=\"_8ea28913-f7ac-4e04-8502-9f65f47f945e\"><tr><td></td><td></td><td class=\"t m0 x833 h3b y2ecd ff9d fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x307 h3a y2ecd ff9e fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbd2 h3a y2ecd ff9e fs8 fc7 sc0 ls58 ws47\">Year on Year<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x545 h3a y2ece ff9e fs8 fc7 sc0 ls58 ws47\">Notes<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x540 h3b y2ece ff9d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbd3 h3a y2ece ff9e fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbd4 h3a y2ece ff9e fs8 fc7 sc0 ls58 ws47\">movement<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2d79 w150 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">Cash and cash equivalents<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbd5 y2d79 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbd6 y2d79 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">(162.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbd7 y2d79 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">(396.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9dd y2d79 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">234.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d7c w1d8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">Overdraft<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbd8 y2d7c w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbd9 y2d7c w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">95.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x32d y2d7c w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">219.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbda y2d7c w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">(124.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d7d w68 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8a3 y2d7d w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.4.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbdb y2d7d w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">363.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbdc y2d7d w56 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">397.<span class=\"_ _2a\"></span>5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbdd y2d7d w89 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">(34.<span class=\"_ _2a\"></span>1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2ecf ff9e fs5 fc7 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2b5\"> </span></td><td class=\"c n xbde y2e0f w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbdf y2e0f w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">262.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe0 y2e0f w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">285.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe1 y2e0f w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">(23.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e10 w187 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">Other finance<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x89b y2e10 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ae y2e10 w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">0.<span class=\"_ _2a\"></span>1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9af y2e10 w49 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">0.<span class=\"_ _2a\"></span>7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe2 y2e10 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bf6 w1d9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">Cross currency interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe3 y2bf6 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe4 y2bf6 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">(13.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe5 y2bf6 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">(24.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x321 y2bf6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">11.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dbd w1da h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">Deferred consideration<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe6 y2dbd w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe7 y2dbd w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c8 y2dbd w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe8 y2dbd w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf3 w29 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">Net debt<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xbe9 y2cf3 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">545.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbea y2cf3 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">482.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x843 y2cf3 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">63.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bfb w1db h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">Undrawn available financing facilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbeb y2bfb w1dc h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.2b<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbec y2bfb w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">260.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x32d y2bfb w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">288.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbed y2bfb w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">(27.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w1dd h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc6 sc0 ls57 ws46\">Capital<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xbee y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">806.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbef y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">770.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x707 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">35.4<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h3e ff9e fs1c fc7 sc0 ls9 ws1 gs570\">1<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3a ff9e fs8 fc7 sc0 ls58 ws47 gs571\">1.<span class=\"_ _9\"> </span>Private loan notes include US<span class=\"_ gs234\"> </span>dollar and British pound sterling private plac<span class=\"_ _2a\"></span>ement loan notes.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff9e fs5 fc7 sc0 ls9 ws1 gs572\">A reconciliation of net debt shown above to cash flow can be found in<span class=\"_ _1\"></span> note<span class=\"_ gs15\"> </span>2.9.3.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff9e fs5 fc7 sc0 ls9 ws1 gs4fc\">The overdrafts are part of a notional cash pooling arrangeme<span class=\"_ _1\"></span>nts in which the balances are fully offset by </div><div class=\"t m0 h38 ff9e fs5 fc7 sc0 ls9 ws1 gs1eb\">cash balances within the same arrangements.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff9e fs5 fc7 sc0 ls9 ws1 gs573\">During the year, USD and GBP private placement loan notes of \u00a332.7m and<span class=\"_ _1\"></span> \u00a342.1m were repaid at maturity </div><div class=\"t m0 h38 ff9e fs5 fc7 sc0 ls9 ws1 gs574\">in January 2023 and October 2023 respectively. The associated<span class=\"_ _1\"></span> currency and interest rate swaps also </div><div class=\"t m0 h38 ff9e fs5 fc7 sc0 ls9 ws1 gs4ff\">expired on these dates, such that the combined net cash outflow for th<span class=\"_ _1\"></span>ese repayments was \u00a366.3m. </div><div class=\"t m0 h38 ff9e fs5 fc7 sc0 ls9 ws1 gs500\">Additionally, as a result of mandatory prepayment provisions related to d<span class=\"_ _1\"></span>isposal proceeds, \u00a316.0m of Euro </div><div class=\"t m0 h38 ff9e fs5 fc7 sc0 ls57 ws46 gs1f0\">private placement loan notes were repaid in February and March. The remaining \u00a330.2m balanc<span class=\"_ _2a\"></span>e of these </div><div class=\"t m0 h38 ff9e fs5 fc7 sc0 ls9 ws1 gs501\">Euro notes, originally due for payment in November 2027, were early settle<span class=\"_ _1\"></span>d in August.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ff9d fs5 fc6 sc0 ls57 ws46 gs576\">4.1.2 Capital management<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff9e fs5 fc7 sc0 ls9 ws1 gs577\">Capital management forms an important component of Board meeting<span class=\"_ _1\"></span>s, including reviews of forecast </div><div class=\"t m0 h38 ff9e fs5 fc7 sc0 ls9 ws1 gs578\">gearing, key covenant tests, and the mix of funding sources, thereby e<span class=\"_ _1\"></span>nsuring sustainability and flexibility. </div><div class=\"t m0 h38 ff9e fs5 fc7 sc0 ls9 ws1 gs579\">Shareholder returns are reviewed in accordance with the Group\u2019s ge<span class=\"_ _1\"></span>neration of sustainable free cash flow.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff9e fs5 fc7 sc0 ls9 ws1 gs57a\">The Group\u2019s capital management process ensures that it meets the fina<span class=\"_ _1\"></span>ncial covenants of its borrowing </div><div class=\"t m0 h38 ff9e fs5 fc7 sc0 ls9 ws1 gs57b\">arrangements. There are two separate sets of covenant tests unde<span class=\"_ _1\"></span>rlying the Group\u2019s financial instruments </div><div class=\"t m0 h38 ff9e fs5 fc7 sc0 ls9 ws1 gs57c\">with the key difference being the treatment of IFRS 16. Under the test for th<span class=\"_ _1\"></span>e bank facilities and US private </div><div class=\"t m0 h38 ff9e fs5 fc7 sc0 ls9 ws1 gs57d\">placement loan notes these covenants are based on maintain<span class=\"_ _1\"></span>ing minimum ratios associated with adjusted </div><div class=\"t m0 h38 ff9e fs5 fc7 sc0 ls57 ws46 gs57e\">net debt to adjusted EBITDA and annualised interest cover. There have been no breaches in the fi<span class=\"_ _2a\"></span>nancial </div><div class=\"t m0 h38 ff9e fs5 fc7 sc0 ls57 ws46 gs57f\">covenants of any loans or borrowings during the reporting period.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff9e fs5 fc7 sc0 ls9 ws1 gs580\">The committed RCF provides the liquidity needed to cover the cash fluctua<span class=\"_ _1\"></span>tions of the business cycle, </div><div class=\"t m0 h38 ff9e fs5 fc7 sc0 ls9 ws1 gs581\">allowing a buffer for contingencies.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff9e fs5 fc7 sc0 ls9 ws1 gs582\">Capita plc supports the obligations of its various regulated financial se<span class=\"_ _1\"></span>rvices businesses. The board of each </div><div class=\"t m0 h38 ff9e fs5 fc7 sc0 ls9 ws1 gs583\">regulated firm is responsible for ensuring it has embedded capital man<span class=\"_ _1\"></span>agement frameworks that ensure the </div><div class=\"t m0 h38 ff9e fs5 fc7 sc0 ls9 ws1 gs584\">availability of adequate financial resources at all times, and all of them comp<span class=\"_ _1\"></span>lied with all externally imposed </div><div class=\"t m0 h38 ff9e fs5 fc7 sc0 ls9 ws1 gs585\">financial services regulatory capital requirements applicable to them.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ff9e fs5 fc7 sc0 ls9 ws1 gs586\">In the UK, to provide working capital funding at an economically favoura<span class=\"_ _1\"></span>ble rate versus the RCF, the Group </div><div class=\"t m0 h38 ff9e fs5 fc7 sc0 ls57 ws46 gs587\">uses a non-recourse <span class=\"ls9 ws1\">trade receivables financing, the value of invoices sold under this a<span class=\"_ _1\"></span>rrangement at </span></div><div class=\"t m0 h38 ff9e fs5 fc7 sc0 ls57 ws46 gs588\">31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> was </span>\u00a323.7m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a336.9m<span class=\"ls9 ws1\">). Additionally, in Germany the Group uses a non-recourse </span></div><div class=\"t m0 h38 ff9e fs5 fc7 sc0 ls9 ws1 gs589\">trade receivable financing arrangement for two specific customer contracts, th<span class=\"_ _1\"></span>e value of invoices sold under </div><div class=\"t m0 h38 ff9e fs5 fc7 sc0 ls57 ws46 gs58a\">that arrangement at 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> was </span>\u00a311.5m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a37.5m<span class=\"ls9 ws1\">).<span class=\"_ _2b5\"> </span></span></div>4.5 Financial instruments and the fair value hierarchy<span class=\"_ _2b5\"> </span>Accounting policies<span class=\"_ _2b5\"> </span>Financial instruments \u2013 classification of financial instruments<span class=\"_ _2b5\"> </span>The Group classifies its financial instruments in the following measurement categ<span class=\"_ _1\"></span>ories:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>those to be measured subsequently at fair va<span class=\"_ _1\"></span>lue, either through other comprehensive income (FVOCI) or through profit or loss (FVPL); and<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>those to be measured at amortised cost.<span class=\"_ _2b5\"> </span>The classification depends on the Group\u2019s business model for mana<span class=\"_ _1\"></span>ging the financial assets and the contractual terms of the cash flows.<span class=\"_ _2b5\"> </span>Financial instruments \u2013 initial recognition<span class=\"_ _2b5\"> </span>At initial recognition, the Group measures a financial instrument at its fair value<span class=\"_ _1\"></span> plus, in the case of a financial instrument not at FVPL, transaction costs that are directly attributable<span class=\"_ _1\"></span> to the acquisition of the financial instrument. Transaction costs of financial instruments carried at FVPL a<span class=\"_ _1\"></span>re expensed in the consolidated income statement.<span class=\"_ _2b5\"> </span>Financial instruments with embedded derivatives are considered in th<span class=\"_ _1\"></span>eir entirety when determining whether their cash flows are solely payment of principal and interest.<span class=\"_ _2b5\"> </span>Purchases and sales of financial instruments are recognised on their tra<span class=\"_ _1\"></span>de date (ie the date the Group commits to purchase or sell the instrument). Financial instruments are derecog<span class=\"_ _1\"></span>nised when the rights to receive/pay cash flows from the financial instrument have expired or have b<span class=\"_ _1\"></span>een transferred such that the Group has transferred substantially all risks and rewards of ownership.<span class=\"_ _2b5\"> </span>Debt instruments<span class=\"_ _2b5\"> </span>Debt instruments are initially recognised at fair value less directly attributable tra<span class=\"_ _1\"></span>nsaction costs and are subsequently remeasured depending on the Group\u2019s business model for managing the instrum<span class=\"_ _2a\"></span>ent and the cash flow characteristics of the debt instrument. There are three measureme<span class=\"_ _1\"></span>nt categories into which the Group classifies its debt instruments:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ffad ls57 ws46\">Amortised cost:</span> instruments that are held for collection/payment of contra<span class=\"_ _1\"></span>ctual cash flows are measured at amortised cost where those cash flows represent solely payments of principal a<span class=\"_ _1\"></span>nd interest. Interest income/expense from these financial instruments is included in net finan<span class=\"_ _1\"></span>ce costs using the effective interest rate method.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ffad\">FVOCI: </span>instruments that are held for collection/pa<span class=\"_ _1\"></span>yment of contractual cash flows and for selling the financial instrument are measured at FVOCI where the instrument\u2019s cash flows rep<span class=\"_ _1\"></span>resent solely payments of principal and interest. Movements in the carrying amount are<span class=\"_ _1\"></span> taken through consolidated Other Comprehensive Income (OCI), except for the recognition of impairment gain<span class=\"_ _1\"></span>s or losses, interest income and foreign exchange gains/losses, which are recognised<span class=\"_ _1\"></span> in the consolidated income statement. When the financial instrument is derecognised, the cumulative gain/loss p<span class=\"_ _1\"></span>reviously recognised in OCI is reclassified to the consolidated income statement and recognised in o<span class=\"_ _1\"></span>ther gains/(losses).<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ffad\">FVPL: </span>instruments that do not meet the criteria fo<span class=\"_ _1\"></span>r amortised cost or FVOCI are measured at FVPL. A gain/loss on a debt instrument that is measured at FVPL is recognised in<span class=\"_ _1\"></span> the consolidated income statement and presented within net finance costs.<span class=\"_ _2b5\"> </span>The Group reclassifies debt instruments when, and only when, its business mo<span class=\"_ _1\"></span>del for managing those instruments changes.<span class=\"_ _2b5\"> </span>Equity instruments<span class=\"_ _2b5\"> </span>Investments in equity instruments are initially recognised at fair value and a<span class=\"_ _1\"></span>re subsequently remeasured at fair value with the movement recognised through the consolidated<span class=\"_ _1\"></span> income statement, except where an election has been made for the movement to be recognised thro<span class=\"_ _1\"></span>ugh OCI. An election can be made on initial recognition of equity instruments that are neither held-for-trading o<span class=\"_ _1\"></span>r instruments acquired as part of a business combination. Once an election has been made all movemen<span class=\"_ _1\"></span>ts in fair value, with the exception of dividends, are presented through OCI and there is no subsequ<span class=\"_ _1\"></span>ent reclassification of fair value gains/losses to the consolidated income statement following the derecognition<span class=\"_ _1\"></span> of the investment. Dividends from such investments continue to be recognised in the consolidated income sta<span class=\"_ _1\"></span>tement as other income when the Group\u2019s right to receive payment is established.<span class=\"_ _2b5\"> </span>Impairment<span class=\"_ _2b5\"> </span>The Group assesses, on a forward looking basis, the expected credit losse<span class=\"_ _1\"></span>s associated with its financial instruments carried at amortised cost and FVOCI. The impairment methodolog<span class=\"_ _1\"></span>y applied depends on whether there has been a significant increase in credit risk.<span class=\"_ _2b5\"> </span>Derivatives<span class=\"_ _2b5\"> </span>Derivative financial instruments are initially recognised at fair value and are<span class=\"_ _1\"></span> subsequently remeasured at fair value at the end of each reporting period with the movement recognised through the consolidat<span class=\"_ _2a\"></span>ed income statement, except where derivatives qualify for cash flow hedge accounting<span class=\"_ _1\"></span>. The effective proportion of cash flow hedges is recognised in OCI and presented in the hedging re<span class=\"_ _1\"></span>serve within equity. The cumulative gain/<span class=\"_ _2b5\"> </span>loss is subsequently reclassified to the consolidated income statement in the<span class=\"_ _1\"></span> same period that the relevant hedged transaction is realised.<span class=\"_ _2b5\"> </span>Borrowing costs<span class=\"_ _2b5\"> </span>Borrowing costs directly attributable to the acquisition, construction or produ<span class=\"_ _1\"></span>ction of an asset that necessarily takes a substantial period of time to get ready for its intended<span class=\"_ _1\"></span> use or sale are capitalised as part of the cost of the respective assets. All other borrowing costs are expensed in th<span class=\"_ _1\"></span>e period they occur. Borrowing costs consist of interest and other costs incurred in connection with th<span class=\"_ _1\"></span>e borrowing of funds.<span class=\"_ _2b5\"> </span>4.5.1 Fair value hierarchy<span class=\"_ _2b5\"> </span>The Group\u2019s financial assets and liabilities are classified based on the fo<span class=\"_ _1\"></span>llowing fair value hierarchy:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ffad ls57 ws46\">Level-1:</span> quoted (unadjusted) prices in active markets for iden<span class=\"_ _1\"></span>tical assets or liabilities.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ffad ls57 ws46\">Level-2:</span> other techniques for which inputs that have a sign<span class=\"_ _1\"></span>ificant effect on the recorded fair value are based on observable (directly or indirectly) market data. With the exception<span class=\"_ _1\"></span> of current financial instruments (which have a short maturity), the fair value of the Group\u2019s level-2 fina<span class=\"_ _1\"></span>ncial instruments were calculated by discounting the expected future cash flows at prevailing in<span class=\"_ _1\"></span>terest rates. The valuation models incorporate various inputs including foreign exchange sp<span class=\"_ _1\"></span>ot and forward rates and interest rate curves. In the case of floating rate borrowings the nominal value appro<span class=\"_ _1\"></span>ximates to fair value because interest is set at floating rates where payments are reset to market values at interva<span class=\"_ _1\"></span>ls of less than one year.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ffad ls57 ws46\">Level-3:</span> other techniques for which inputs that have a sign<span class=\"_ _1\"></span>ificant effect on the recorded fair value are not based on observable market data.<span class=\"_ _2b5\"> </span>Other financial instruments, where observable market data is not available<span class=\"_ _1\"></span>, are carried at either amortised cost or cost (undiscounted cash flows) as a reasonable approximation of fa<span class=\"_ _1\"></span>ir value.<span class=\"_ _2b5\"> </span>During the year ended 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\">, there were no transfers between fair value levels.<span class=\"_ _2b5\"> </span></span><div class=\"t m0 h39 ffaf fs5 fc6 sc0 ls57 ws46 gs69d\">4.5.2 Financial instruments and their fair value hierarchy classification<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffb0 fs5 fc7 sc0 ls9 ws1 gs69e\">The following table analyses, by classification and category, the carrying<span class=\"_ _1\"></span> value of the Group\u2019s financial instruments and identifies the level of the fair value hierarchy for the instruments carried at fair value:<span class=\"_ _2b5\"> </span></div><div class=\"gs69f\"><table class=\"s w20a ha6\" id=\"_6c24e3e1-6510-4d76-acd8-f0f6bf45c99b\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xcf9 h3b y2f85 ffaf fs8 fc7 sc0 ls58 ws47\">Derivatives<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xcfa h3b y2f86 ffaf fs8 fc7 sc0 ls58 ws47\">used for<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcfb h3b y2f86 ffaf fs8 fc7 sc0 ls58 ws47\">Amortised<span class=\"_ _2b5\"> </span></td><td></td><td></td><td class=\"t m0 xcfc h3b y2f87 ffaf fs8 fc7 sc0 ls58 ws47\">Non-<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x4fd h3b y2f88 ffaf fs8 fc7 sc0 ls58 ws47\">Fair value<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x574 h3b y2f88 ffaf fs8 fc7 sc0 ls9 ws1\">FVPL<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcfd h3b y2f88 ffaf fs8 fc7 sc0 ls58 ws47\">FVOCI<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcfa h3b y2f88 ffaf fs8 fc7 sc0 ls58 ws47\">hedging<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcfe h3b y2f88 ffaf fs8 fc7 sc0 ls58 ws47\">cost<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xa7b h3b y2f88 ffaf fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcff h3b y2f89 ffaf fs8 fc7 sc0 ls58 ws47\">Current<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xd00 h3b y2f8a ffaf fs8 fc7 sc0 ls58 ws47\">current<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2f8b w20b h69\"><div class=\"t m0 x2bd h3a y2c9f ffaf fs8 fc7 sc0 ls58 ws47\">At 31<span class=\"_ gs234\"> </span>December 2023<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd01 y2f8b w20c h67\"><div class=\"t m0 x2bd h3a y2c9f ffb0 fs8 fc7 sc0 ls58 ws47\">Note<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 x37b h3b y2f8c ffaf fs8 fc7 sc0 ls58 ws47\">hierarchy<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xa76 h3b y2f8c ffaf fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xd02 h3b y2f8c ffaf fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xd03 h3b y2f8c ffaf fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x56e h3b y2f8c ffaf fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xd04 h3b y2f8c ffaf fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x2bb h3b y2f8c ffaf fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x383 h3b y2f8d ffaf fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y2f8e ffaf fs5 fc7 sc0 ls57 ws46\">Financial assets<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x460 y2f8f w200 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Lease receivables<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd05 y2f8f w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">4.4.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd06 y2f8f w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd07 y2f8f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd08 y2f8f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd09 y2f8f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0a y2f8f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">70.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0b y2f8f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">70.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0c y2f8f w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">6.<span class=\"_ _2a\"></span>3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0d y2f8f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">64.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2f90 w20d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Cash flow hedges \u2013 foreign exchange contracts<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0e y2f90 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">4.2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0f y2f90 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Level-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd10 y2f90 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd11 y2f90 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd12 y2f90 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">1.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd13 y2f90 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd14 y2f90 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">1.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd15 y2f90 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">1.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd16 y2f90 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2f91 w18b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Cash flow hedges \u2013 Interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd17 y2f91 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">4.2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd18 y2f91 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Level-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd19 y2f91 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd1a y2f91 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd1b y2f91 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd1c y2f91 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd1d y2f91 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd1e y2f91 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd1f y2f91 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2f92 w20f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Non-designated foreign exchange forwards and swaps<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd20 y2f92 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Level-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd21 y2f92 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd22 y2f92 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd23 y2f92 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd24 y2f92 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd25 y2f92 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd26 y2f92 w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.<span class=\"_ _2a\"></span>3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd27 y2f92 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2f93 w185 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Cross-currency interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd28 y2f93 w10a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd29 y2f93 w210 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Lev<span class=\"_ _2a\"></span>el-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2a y2f93 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2b y2f93 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2c y2f93 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">14.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2d y2f93 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2e y2f93 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">14.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2f y2f93 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd30 y2f93 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">14.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2f94 w211 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Originated loans receivable<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd31 y2f94 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd32 y2f94 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd33 y2f94 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd34 y2f94 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd35 y2f94 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd36 y2f94 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd37 y2f94 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd38 y2f94 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2f95 w212 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Financial assets at fair value through P&amp;L<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd39 y2f95 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Level-3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3a y2f95 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">16.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3b y2f95 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3c y2f95 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3d y2f95 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3e y2f95 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">16.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3f y2f95 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd40 y2f95 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">16.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2f96 w213 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Financial assets at fair value through OCI<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd41 y2f96 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Level-3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd42 y2f96 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd43 y2f96 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd44 y2f96 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd45 y2f96 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd46 y2f96 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd47 y2f96 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd48 y2f96 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2f97 w214 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Deferred consideration receivable<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd49 y2f97 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd10 y2f97 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd11 y2f97 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd4a y2f97 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd4b y2f97 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">20.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd4c y2f97 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">20.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd4d y2f97 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">20.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd4e y2f97 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n xd4f y2f98 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">17.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd50 y2f98 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd51 y2f98 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">16.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd52 y2f98 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">91.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd53 y2f98 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">125.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd54 y2f98 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">28.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd55 y2f98 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">97.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2f99 ffaf fs5 fc7 sc0 ls57 ws46\">Other financial assets<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x5b2 h38 y2f9a ffb0 fs5 fc7 sc0 ls9 ws1\">Cash<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30a h38 y2f9b ffb0 fs5 fc7 sc0 ls57 ws46\">4.5.4<span class=\"_ _2b5\"> </span></td><td class=\"c n xd56 y2f9c w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd57 y2f9c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd58 y2f9c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd59 y2f9c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd5a y2f9c w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">155.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd5b y2f9c w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">155.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd5c y2f9c w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">155.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x5a1 y2f9c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2f9d w215 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Cash included within disposal group assets held for sale<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd5d y2f9d w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">2.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd5e y2f9d w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd5f y2f9d w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd60 y2f9d w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd61 y2f9d w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd62 y2f9d w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">7.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd63 y2f9d w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">7.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd64 y2f9d w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">7.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd65 y2f9d w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2f9e w216 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">Total financial assets<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xd66 y2f9e w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">17.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd67 y2f9e w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd68 y2f9e w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">16.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd69 y2f9e w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">253.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6a y2f9e w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">287.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6b y2f9e w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">190.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac8 y2f9e we9 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">97.<span class=\"_ _2a\"></span>2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2f9f ffaf fs5 fc7 sc0 ls9 ws1\">Financial liabilities<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x460 y2fa0 w182 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6c y2fa0 w10a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6d y2fa0 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6e y2fa0 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6f y2fa0 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd70 y2fa0 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd71 y2fa0 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">262.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd72 y2fa0 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">262.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd73 y2fa0 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd74 y2fa0 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">262.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fa1 w187 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Other finance<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd75 y2fa1 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd76 y2fa1 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd77 y2fa1 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd78 y2fa1 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd79 y2fa1 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd7a y2fa1 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd7b y2fa1 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd7c y2fa1 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fa2 w20d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Cash flow hedges \u2013 foreign exchange contracts<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0e y2fa2 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">4.2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0f y2fa2 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Level-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd10 y2fa2 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd11 y2fa2 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd12 y2fa2 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">3.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd13 y2fa2 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd14 y2fa2 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">3.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd15 y2fa2 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">1.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd16 y2fa2 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">2.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fa3 w217 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Cash flow hedges \u2013 currency swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd7d y2fa3 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">4.2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd7e y2fa3 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Level-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd7f y2fa3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd80 y2fa3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd81 y2fa3 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">1.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd82 y2fa3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd83 y2fa3 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">1.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd84 y2fa3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd85 y2fa3 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">1.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fa4 w1b6 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Cash flow hedges \u2013 interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd86 y2fa4 w218 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">4.2.<span class=\"_ _2a\"></span>4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd87 y2fa4 w210 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Level-<span class=\"_ _2a\"></span>2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd88 y2fa4 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd89 y2fa4 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd8a y2fa4 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd8b y2fa4 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd8c y2fa4 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd8d y2fa4 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd8e y2fa4 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fa5 w20f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Non-designated foreign exchange forwards and swaps<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd20 y2fa5 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Level-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd21 y2fa5 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd22 y2fa5 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd23 y2fa5 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd24 y2fa5 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd25 y2fa5 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd26 y2fa5 w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.<span class=\"_ _2a\"></span>1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd8f y2fa5 w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.<span class=\"_ _2a\"></span>1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fa6 w185 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Cross-currency interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd28 y2fa6 w10a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd29 y2fa6 w210 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Lev<span class=\"_ _2a\"></span>el-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2a y2fa6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2b y2fa6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd90 y2fa6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd91 y2fa6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd92 y2fa6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd93 y2fa6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd16 y2fa6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fa7 w189 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Deferred consideration payable<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd31 y2fa7 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd32 y2fa7 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd33 y2fa7 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd34 y2fa7 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd35 y2fa7 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd36 y2fa7 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd37 y2fa7 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd38 y2fa7 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fa8 w181 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Put options of non-controlling interests<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd94 y2fa8 w219 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">c<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd95 y2fa8 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Level-3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd96 y2fa8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd97 y2fa8 w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">8.<span class=\"_ _2a\"></span>5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd98 y2fa8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd99 y2fa8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd9a y2fa8 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">8.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd9b y2fa8 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">8.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd9c y2fa8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n xd9d y2fa9 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd9e y2fa9 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">8.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd9f y2fa9 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">6.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda0 y2fa9 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">263.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda1 y2fa9 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">278.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda2 y2fa9 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">10.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda3 y2fa9 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">267.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2faa ffaf fs5 fc7 sc0 ls9 ws1\">Other financial liabilities<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x460 y2fab w63 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Overdrafts<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda4 y2fab w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">4.5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda5 y2fab w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda6 y2fab w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda7 y2fab w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda8 y2fab w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda9 y2fab w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">95.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdaa y2fab w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">95.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdab y2fab w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">95.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdac y2fab w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fac w68 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdad y2fac w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">4.4.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdae y2fac w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdaf y2fac w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb0 y2fac w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb1 y2fac w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb2 y2fac w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">363.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb3 y2fac w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">363.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb4 y2fac w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">51.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb5 y2fac w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">312.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fad w21a h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls9 ws1\">Total financial liabilities<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xdb6 y2fad w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb7 y2fad w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">8.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb8 y2fad w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">6.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xadc y2fad w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">721.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb9 y2fad w56 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">736.<span class=\"_ _2a\"></span>7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdba y2fad w56 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">156.<span class=\"_ _2a\"></span>9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdbb y2fad w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">579.8<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6a1\">Financial assets measured at amortised cost consist of cash, lease receivables, o<span class=\"_ _1\"></span>riginated loans and </div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6a2\">deferred consideration receivable. The carrying value of cash is a re<span class=\"_ _1\"></span>asonable approximation of its fair value </div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6a3\">due to the short-term nature of the instruments. Lease receivables, origin<span class=\"_ _1\"></span>ated loans and deferred </div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6a4\">consideration receivable are measured at amortised cost using the e<span class=\"_ _1\"></span>ffective interest rate method. Included </div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6a5\">in other investments are <span class=\"ls57 ws46\">\u00a30.7m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a30.8m</span>) of strategic investments in unlisted eq<span class=\"_ _1\"></span>uity securities which </div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6a6\">are not held-for-trading and the Group elected to recognise a<span class=\"_ _1\"></span>t Fair Value through Other Comprehensive </div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6a7\">Income (FVOCI). During the period no dividends were received from, and no<span class=\"_ _1\"></span> disposals were made of, </div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6a8\">strategic investments.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6a9\">The financial assets at Fair Value through Profit and Loss (FVPL) relate to<span class=\"_ _1\"></span> the Group\u2019s minority </div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6aa\">shareholding in companies as part of Capita Scaling Partners. The asse<span class=\"_ _1\"></span>ts are revalued when reliable </div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6ab\">information on fair value becomes available, which is normally at each fund<span class=\"_ _1\"></span>ing round.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6ac\">Financial liabilities measured at amortised cost consist of loan notes, overdra<span class=\"_ _1\"></span>fts, lease liabilities, credit </div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6ad\">facilities and deferred consideration payable. With the exception of ce<span class=\"_ _1\"></span>rtain series within the fixed rate </div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6ae\">private placement loan notes, the carrying value of financial liabilities a<span class=\"_ _1\"></span>re a reasonable approximation of </div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6af\">their fair value. This is because either the interest payable is close to marke<span class=\"_ _1\"></span>t rates or the liability is short-<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6b0\">term in nature. The private placement loan note series, for which this app<span class=\"_ _1\"></span>roximation does not apply, are </div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6b1\">those that are subject to longer term fixed rate of interest \u2013 these have<span class=\"_ _1\"></span> an underlying carrying value of </div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls57 ws46 gs6b2\">\u00a3173.9m (2022<span class=\"ls9 ws1\">: \u00a3144.9m) and a fair value of \u00a3166.3m (</span>2022<span class=\"ls9 ws1\">: \u00a313<span class=\"_ _1\"></span>0.2m). Lease liabilities and deferred </span></div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6b3\">consideration payable are measured at amortised cost using the e<span class=\"_ _1\"></span>ffective interest rate method.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6b5\">The Group\u2019s key financial liabilities are set out below:<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffb2 fs5 fc6 sc0 ls9 ws1 gs6b6\">a. Private placement loan notes<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6b7\">The private placement loan notes were issued in USD and GBP. The Group<span class=\"_ _1\"></span> manages its exposure to </div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6b8\">foreign exchange and interest rate movements through cross-curren<span class=\"_ _1\"></span>cy interest rate swaps, interest rate </div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6b9\">swaps, and forward foreign exchange contracts.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffb2 fs5 fc6 sc0 ls9 ws1 gs6ba\">b. Bank facilities<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6bb\">Details of the Group\u2019s bank facilities are provided in the liquidity section abo<span class=\"_ _1\"></span>ve. At <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span>, the </div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6bc\">total value of committed facilities was <span class=\"ls57 ws46\">\u00a3260.7m</span>, of which none<span class=\"_ _1\"></span> was drawn (<span class=\"ls57 ws46\">2022</span>: total facilities of \u00a3<span class=\"ls57 ws46\">288.4</span>m </div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6bd\">of which none was drawn). The committed facilities were subsequently redu<span class=\"_ _1\"></span>ced to \u00a3250m on 23<span class=\"_ gs15\"> </span>January </div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6be\">2024 following receipt of proceeds from the Fera disposal (refer to n<span class=\"_ _1\"></span>ote 6.3).<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffb2 fs5 fc6 sc0 ls9 ws1 gs6bf\">c. Put options of non-controlling interests<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6c0\">The liability at <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span> represents the present value of the cost to acqu<span class=\"_ _1\"></span>ire the non-controlling </div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6c1\">interest in Fera Science Limited. The option held by the non-con<span class=\"_ _1\"></span>trolling shareholder of Fera Science Limited </div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6c2\">has been exercisable since April 2021. A sensitivity analysis assuming a 10% incre<span class=\"_ _1\"></span>ase/decrease in the </div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6c3\">earnings potential of the business results in a \u00a30.9m increase/decre<span class=\"_ _1\"></span>ase in the valuation. The put option </div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6c4\">expired without being exercised on completion of the sale of the Gro<span class=\"_ _1\"></span>up\u2019s shareholding in Fera Science </div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6c5\">Limited on 17<span class=\"_ gs15\"> </span>January 2024 (refer to note<span class=\"_ gs15\"> </span>6.3), and the relate<span class=\"_ _1\"></span>d liability was de-recognised. Upon inception </div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls57 ws46 gs6c6\">of the option agreements, management determined that changes in the carrying amount would be </div><div class=\"t m0 h38 ffb2 fs5 fc7 sc0 ls9 ws1 gs6c7\">recognised within equity. This has been applied consistently.<span class=\"_ _2b5\"> </span></div><div class=\"gs52f\"><table class=\"s w21b ha7\" id=\"_f224f7fe-d382-43d7-9bfc-9a9e07cafef8\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x601 h3a y2fae ffb4 fs8 fc7 sc0 ls58 ws47\">Derivatives<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xdbc h3a y2faf ffb4 fs8 fc7 sc0 ls58 ws47\">used for<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xdbd h3a y2faf ffb4 fs8 fc7 sc0 ls58 ws47\">Amortised<span class=\"_ _2b5\"> </span></td><td></td><td></td><td class=\"t m0 xcfc h3a y2faf ffb4 fs8 fc7 sc0 ls58 ws47\">Non-<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x37b h3a y2fb0 ffb4 fs8 fc7 sc0 ls58 ws47\">Fair value<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x574 h3a y2fb0 ffb4 fs8 fc7 sc0 ls9 ws1\">FVPL<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcfd h3a y2fb0 ffb4 fs8 fc7 sc0 ls58 ws47\">FVOCI<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xdbe h3a y2fb0 ffb4 fs8 fc7 sc0 ls58 ws47\">hedging<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xdbf h3a y2fb0 ffb4 fs8 fc7 sc0 ls9 ws1\">cost<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x378 h3a y2fb0 ffb4 fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x587 h3a y2fb0 ffb4 fs8 fc7 sc0 ls58 ws47\">Current<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x859 h3a y2fb0 ffb4 fs8 fc7 sc0 ls58 ws47\">current<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2fb1 w21c h67\"><div class=\"t m0 x2bd h3a y2c9f ffb4 fs8 fc7 sc0 ls58 ws47\">At 31<span class=\"_ gs234\"> </span>December 2022<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdc0 y2fb1 w20c h67\"><div class=\"t m0 x2bd h3a y2c9f ffb4 fs8 fc7 sc0 ls58 ws47\">Note<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 x4ea h3a y2fb2 ffb4 fs8 fc7 sc0 ls58 ws47\">hierarchy<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xa76 h3a y2fb2 ffb4 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xd02 h3a y2fb2 ffb4 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xd03 h3a y2fb2 ffb4 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x56e h3a y2fb2 ffb4 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xd04 h3a y2fb2 ffb4 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x2bb h3a y2fb2 ffb4 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x383 h3a y2fb2 ffb4 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y2fb3 ffb3 fs5 fc7 sc0 ls57 ws46\">Financial assets<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x460 y2fb4 w200 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Lease receivables<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd05 y2fb4 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">4.4.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd06 y2fb4 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd07 y2fb4 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd08 y2fb4 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd09 y2fb4 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0a y2fb4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">76.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0b y2fb4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">76.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0c y2fb4 w49 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">5.<span class=\"_ _2a\"></span>9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0d y2fb4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">70.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fb5 w20d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Cash flow hedges \u2013 foreign exchange contracts<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0e y2fb5 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">4.2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0f y2fb5 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Level-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd10 y2fb5 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd11 y2fb5 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd12 y2fb5 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd13 y2fb5 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd14 y2fb5 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd15 y2fb5 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">3.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd16 y2fb5 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">2.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fb6 w20f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Non-designated foreign exchange forwards and swaps<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd20 y2fb6 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Level-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd21 y2fb6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">5.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd22 y2fb6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd23 y2fb6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd24 y2fb6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd25 y2fb6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">5.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd26 y2fb6 w49 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">4.<span class=\"_ _2a\"></span>4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd8f y2fb6 w49 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.<span class=\"_ _2a\"></span>9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fb7 w185 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Cross-currency interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd28 y2fb7 w10a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd29 y2fb7 w210 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Lev<span class=\"_ _2a\"></span>el-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2a y2fb7 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2b y2fb7 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2c y2fb7 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">25.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2d y2fb7 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2e y2fb7 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">25.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdc1 y2fb7 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">8.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdc2 y2fb7 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">17.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fb8 w211 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Originated loans receivable<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd31 y2fb8 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd32 y2fb8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd33 y2fb8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd34 y2fb8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd35 y2fb8 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd36 y2fb8 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd37 y2fb8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd38 y2fb8 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fb9 w212 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Financial assets at fair value through P&amp;L<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd39 y2fb9 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Level-3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3a y2fb9 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">17.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3b y2fb9 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3c y2fb9 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3d y2fb9 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3e y2fb9 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">17.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3f y2fb9 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd40 y2fb9 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">17.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fba w213 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Financial assets at fair value through OCI<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd41 y2fba w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Level-3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd42 y2fba w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd43 y2fba w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd44 y2fba w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd45 y2fba w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd46 y2fba w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd47 y2fba w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd48 y2fba w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fbb w214 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Deferred consideration receivable<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd49 y2fbb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd10 y2fbb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd11 y2fbb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd4a y2fbb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd4b y2fbb w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">10.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd4c y2fbb w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">10.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdc3 y2fbb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">2.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdc4 y2fbb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">8.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n xd4f y2fbc w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">22.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd50 y2fbc w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd51 y2fbc w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">31.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd52 y2fbc w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">87.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd53 y2fbc w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">141.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd54 y2fbc w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">23.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdbb y2fbc w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">118.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2fbd ffb3 fs5 fc7 sc0 ls57 ws46\">Other financial assets<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x460 y2fbe w61 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Cash<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0e y2fbe w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">4.5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdc5 y2fbe w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2a y2fbe w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2b y2fbe w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdc6 y2fbe w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdc7 y2fbe w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">396.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdc8 y2fbe w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">396.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdc9 y2fbe w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">396.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdca y2fbe w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fbf w216 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb3 fs5 fc7 sc0 ls57 ws46\">Total financial assets<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xd66 y2fbf w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">22.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd67 y2fbf w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd68 y2fbf w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">31.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd69 y2fbf w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">484.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6a y2fbf w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">538.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6b y2fbf w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">420.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdcb y2fbf w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">118.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2fc0 ffb3 fs5 fc7 sc0 ls9 ws1\">Financial liabilities<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x460 y2e1c w182 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6c y2e1c w10a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6d y2e1c w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6e y2e1c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6f y2e1c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd70 y2e1c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd71 y2e1c w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">285.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd72 y2e1c w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">285.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdcc y2e1c w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">74.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdcd y2e1c w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">210.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2d79 w187 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Other finance<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd75 y2d79 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd76 y2d79 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd77 y2d79 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd78 y2d79 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd79 y2d79 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd7a y2d79 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd7b y2d79 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd7c y2d79 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2d7c w20f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Non-designated foreign exchange forwards and swaps<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd20 y2d7c w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Level-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd21 y2d7c w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd22 y2d7c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd23 y2d7c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd24 y2d7c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd25 y2d7c w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd26 y2d7c w49 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.<span class=\"_ _2a\"></span>1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd27 y2d7c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2d7d w185 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Cross-currency interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd28 y2d7d w10a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd29 y2d7d w210 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Lev<span class=\"_ _2a\"></span>el-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2a y2d7d w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2b y2d7d w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd90 y2d7d w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">1.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd91 y2d7d w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd92 y2d7d w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">1.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd93 y2d7d w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd16 y2d7d w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">1.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2e0f w189 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Deferred consideration payable<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd31 y2e0f w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd32 y2e0f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd33 y2e0f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd34 y2e0f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd35 y2e0f w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd36 y2e0f w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd37 y2e0f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd38 y2e0f w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2e10 w181 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Put options of non-controlling interests<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdce y2e10 w219 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">c<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdcf y2e10 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Level-3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdd0 y2e10 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdd1 y2e10 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">9.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdd2 y2e10 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdd3 y2e10 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdd4 y2e10 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">9.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdd5 y2e10 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">9.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdd6 y2e10 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n xd9d y2e11 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd9e y2e11 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">9.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd9f y2e11 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">1.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda0 y2e11 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">286.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda1 y2e11 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">297.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda2 y2e11 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">84.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda3 y2e11 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">212.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2fc1 ffb3 fs5 fc7 sc0 ls9 ws1\">Other financial liabilities<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x460 y2bf8 w63 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Overdrafts<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda4 y2bf8 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">4.5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda5 y2bf8 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda6 y2bf8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda7 y2bf8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda8 y2bf8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdd7 y2bf8 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">219.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdd8 y2bf8 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">219.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdd9 y2bf8 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">219.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdda y2bf8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2bfb w68 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdad y2bfb w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">4.4.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdae y2bfb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdaf y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb0 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb1 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb2 y2bfb w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">397.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb3 y2bfb w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">397.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb4 y2bfb w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">55.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb5 y2bfb w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">341.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w21a h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb3 fs5 fc7 sc0 ls9 ws1\">Total financial liabilities<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xdb6 y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb7 y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">9.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb8 y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">1.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xadc y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">904.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb9 y2be6 w56 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">914.<span class=\"_ _2a\"></span>3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdba y2be6 w56 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">359.<span class=\"_ _2a\"></span>8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdbb y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">554.5<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ffb6 fs5 fc7 sc0 ls9 ws1 gs6ca\">The following table shows the movement from the opening balan<span class=\"_ _1\"></span>ces to the closing balances for Level-3 fair </div><div class=\"t m0 h38 ffb6 fs5 fc7 sc0 ls57 ws46 gs6cb\">values.<span class=\"_ _2b5\"> </span></div><div class=\"gs6cc\"><table class=\"s w21d ha8\" id=\"_d729e5d7-ed4e-4ce0-8432-165d4b82b47e\"><tr><td></td><td class=\"t m0 xddb h3a y2fc2 ffb6 fs8 fc7 sc0 ls58 ws47\">Put options of </td><td class=\"t m0 xc94 h3a y2fc2 ffb6 fs8 fc7 sc0 ls58 ws47\">Investments<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x8d3 h3a y2fc3 ffb6 fs8 fc7 sc0 ls58 ws47\">non-controlling</td><td class=\"t m0 xddc h3a y2fc3 ffb6 fs8 fc7 sc0 ls58 ws47\"> FVPL and<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x8df h3a y2fc4 ffb6 fs8 fc7 sc0 ls58 ws47\">interests</td><td class=\"t m0 x53e h3a y2fc4 ffb6 fs8 fc7 sc0 ls58 ws47\"> FVOCI<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 xbd3 h3a y2fc5 ffb6 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2fc5 ffb6 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2fc6 w1c7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">At 1 January <span class=\"ls57 ws46\">2022<span class=\"_ _2b5\"> </span></span></div></td><td class=\"c n x791 y2fc6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">8.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ca y2fc6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">9.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fc7 w21e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">Change in put-options recognised in other comprehensive income<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x434 y2fc7 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">0.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xddd y2fc7 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fc8 w1a7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">Additions<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdde y2fc8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d0 y2fc8 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">2.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fc9 w21f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">Reclassification from other investment categories<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xddf y2fc9 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x51d y2fc9 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">0.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fca w220 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">Gain in fair value recognised in income statement<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xde0 y2fca w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7c6 y2fca w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">5.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fcb w221 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">Gain in fair value recognised in other comprehensive income<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xde1 y2fcb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xde2 y2fcb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fcc w79 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">At 31 December <span class=\"ls57 ws46\">2022<span class=\"_ _2b5\"> </span></span></div></td><td class=\"c n xde3 y2fcc w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">9.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xde4 y2fcc w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">18.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fcd w21e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">Change in put-options recognised in other comprehensive income<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xde5 y2fcd w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls9 ws1\">(0.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xde6 y2fcd w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ea3 w1d1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">Disposals<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x771 y2ea3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x772 y2ea3 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls9 ws1\">(0.3)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ea4 w221 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">Loss in fair value recognised in other comprehensive income<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xde1 y2ea4 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x361 y2ea4 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls9 ws1\">(0.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w222 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffb5 fs5 fc7 sc0 ls57 ws46\">At 31<span class=\"_ gs15\"> </span>December 2023<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xde7 y2be6 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffb5 fs5 fc7 sc0 ls57 ws46\">8.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xde8 y2be6 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffb5 fs5 fc7 sc0 ls57 ws46\">17.6<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h39 ffb5 fs5 fc6 sc0 ls9 ws1 gs6ce\">4.5.3 Borrowings<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffb6 fs5 fc7 sc0 ls9 ws1 gs6cf\">Details of the Group\u2019s current RCF facility are shown in the above liquidity section<span class=\"_ _1\"></span> (see note<span class=\"_ gs15\"> </span>4.5.2b).<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffb6 fs5 fc7 sc0 ls9 ws1 gs6d0\">Borrowing costs of <span class=\"ls57 ws46\">\u00a35.4m</span> were capitalised in the year (<span class=\"_ _1\"></span><span class=\"ls57 ws46\">2022<span class=\"ls9 ws1\">: </span>\u00a35.2m<span class=\"ls9 ws1\">). At </span>31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\">, the Group\u2019s </span></span></div><div class=\"t m0 h38 ffb6 fs5 fc7 sc0 ls9 ws1 gs6d1\">private placement loan note series had a GBP equivalent underlyin<span class=\"_ _1\"></span>g carrying value of \u00a3250.2m (<span class=\"ls57 ws46\">2022</span>: </div><div class=\"t m0 h38 ffb6 fs5 fc7 sc0 ls9 ws1 gs6d2\">\u00a3260.5m) (see note<span class=\"_ gs15\"> </span>4.5.2a) analysed as follows:<span class=\"_ _2b5\"> </span></div><div class=\"gs6d3\"><table class=\"s w223 ha9\" id=\"_542aaa4b-ba3c-4cda-a03b-cf7cefbbd725\"><tr><td></td><td></td><td class=\"t m0 xde9 h3a y2fce ffb6 fs8 fc7 sc0 ls58 ws47\">Interest rate<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xdea h3a y2fce ffb6 fs8 fc7 sc0 ls58 ws47\">Nominal value<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2fcf w224 h67\"><div class=\"t m0 x2bd h3a y2c9f ffb6 fs8 fc7 sc0 ls58 ws47\">Maturity<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdeb y2fcf w225 h67\"><div class=\"t m0 x2bd h3a y2c9f ffb6 fs8 fc7 sc0 ls58 ws47\">Denomination<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 xdec h3a y2fd0 ffb6 fs8 fc7 sc0 ls9 ws1\">%<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xded h3a y2fd0 ffb6 fs8 fc7 sc0 ls9 ws1\">Ccy\u2019m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2fd1 w148 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">22 January 2025<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdee y2fd1 w226 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">GBP<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdef y2fd1 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">3.540<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf0 y2fd1 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">7.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fd2 w227 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">22 April 2025<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf1 y2fd2 w226 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">GBP<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf2 y2fd2 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">3.670<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7fc y2fd2 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">22.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fd3 w142 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">25 July 2026<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf3 y2fd3 w226 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">GBP<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf4 y2fd3 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">9.350<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x34d y2fd3 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">50.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fd4 w148 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">27 October 2026<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdee y2fd4 w226 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">GBP<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdef y2fd4 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">2.770<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf5 y2fd4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">18.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fd5 w148 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">22 January 2027<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdee y2fd5 w226 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">GBP<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdef y2fd5 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">3.580<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf5 y2fd5 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">23.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fd6 w228 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls57 ws46\">Total GBP denominated<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf6 y2fd6 w226 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">GBP<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x6e7 y2fd6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">122.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fd7 w148 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">22 January 2025<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdee y2fd7 w1e5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">USD<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf7 y2fd7 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">3.650<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf8 y2fd7 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">74.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c92 w142 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">25 July 2026<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf3 y2c92 w1e5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">USD<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf9 y2c92 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">8.000<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdfa y2c92 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">45.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fd8 w148 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">27 October 2026<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdee y2fd8 w1e5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">USD<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf7 y2fd8 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">3.590<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf8 y2fd8 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">19.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fd9 w148 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">22 January 2027<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdee y2fd9 w1e5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">USD<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf7 y2fd9 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">3.800<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf8 y2fd9 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">27.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c95 w142 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">25 July 2028<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf3 y2c95 w1e5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">USD<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf9 y2c95 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">8.210<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdfa y2c95 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">23.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h39 y2fda ffb5 fs5 fc7 sc0 ls57 ws46\">Total USD denominated<span class=\"_ _2b5\"> </span></td><td class=\"c n xdfb y2fdb w1e5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">USD<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xdfc y2fdb w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">189.1<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h42 ffb5 fs1c fc7 sc0 ls9 ws1 gs6d4\">1<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3a ffb6 fs8 fc7 sc0 ls58 ws47 gs6d5\">1.<span class=\"_ _9\"> </span>USD denominated loan notes have a GBP equivalent underlying carrying value of \u00a3131.1m. The Group has entered into a combination of </div><div class=\"t m0 h3a ffb6 fs8 fc7 sc0 ls58 ws47 gs6d6\">cross currency and interest rate swaps to achieve a GBP fixed rate of interest. Further disclosure on the Group\u2019s use of hedges is included in </div><div class=\"t m0 h3a ffb6 fs8 fc7 sc0 ls58 ws47 gs6d7\">note<span class=\"_ gs234\"> </span>4.2.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ffb5 fs5 fc6 sc0 ls57 ws46 gs6d8\">4.5.4 Cash, cash equivalents and overdrafts </div><div class=\"t m0 h38 ffb6 fs5 fc7 sc0 ls57 ws46 gs6d9\">The Group has <span class=\"ls9 ws1\">a notional cash pool with its bank under which the bank is able to ne<span class=\"_ _1\"></span>t overdrafts against </span></div><div class=\"t m0 h38 ffb6 fs5 fc7 sc0 ls9 ws1 gs6da\">cash balances held by other Group companies within the same notion<span class=\"_ _1\"></span>al pool. The overdraft balances shown </div><div class=\"t m0 h38 ffb6 fs5 fc7 sc0 ls9 ws1 gs6db\">below are fully offset by cash balances within the same notional pool. Sin<span class=\"_ _1\"></span>ce the pool is notional, the Group\u2019s </div><div class=\"t m0 h38 ffb6 fs5 fc7 sc0 ls9 ws1 gs6dc\">gross cash and overdraft position is presented below:<span class=\"_ _2b5\"> </span></div><div class=\"gs6dd\"><table class=\"s w229 haa\" id=\"_ef2bd5bc-c412-4fc5-af32-10864897b22e\"><tr><td></td><td class=\"t m0 x344 h3b y2fdc ffb5 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xdfd h3a y2fdc ffb6 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x347 h3b y2fdd ffb5 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2fdd ffb6 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2fde w150 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">Cash and cash equivalents<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdfe y2fde w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls57 ws46\">155.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x77b y2fde w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">396.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fdf w63 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">Overdrafts<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x76e y2fdf w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls57 ws46\">(95.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x76f y2fdf w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">(219.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n x9cc y2fe0 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls57 ws46\">60.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdff y2fe0 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">177.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2fe1 ffb6 fs5 fc7 sc0 ls9 ws1\">Cash, net of overdrafts, included in disposal group assets and liabilitie<span class=\"_ _1\"></span>s </td><td></td><td></td></tr><tr><td class=\"c n x2be y2bfb w22a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">held for sale<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x525 y2bfb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls57 ws46\">7.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x78f y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w22b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls57 ws46\">Total cash, cash equivalents and overdrafts<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x44e y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls57 ws46\">67.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x44f y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">177.2<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ffb6 fs5 fc7 sc0 ls9 ws1 gs171\">Of total cash, cash equivalents and overdrafts, <span class=\"ls57 ws46\">\u00a346.0m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a360.4m</span>) is restricte<span class=\"_ _1\"></span>d cash, which includes </div><div class=\"t m0 h38 ffb6 fs5 fc7 sc0 ls57 ws46 gs6de\">cash required to be held under FCA regulations, cash held in foreign bank accounts, and cas<span class=\"_ _2a\"></span>h represented </div><div class=\"t m0 h38 ffb6 fs5 fc7 sc0 ls9 ws1 gs416\">by non-controlling interests.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-544": {
   "value": "4.1.1 Net debt and capital<span class=\"_ _2b5\"> </span>The components of the Group\u2019s net debt and undrawn availab<span class=\"_ _1\"></span>le liquidity are summarised below.<span class=\"_ _2b5\"> </span><table class=\"s w1d7 h97\" id=\"_8ea28913-f7ac-4e04-8502-9f65f47f945e\"><tr><td></td><td></td><td class=\"t m0 x833 h3b y2ecd ff9d fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x307 h3a y2ecd ff9e fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbd2 h3a y2ecd ff9e fs8 fc7 sc0 ls58 ws47\">Year on Year<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x545 h3a y2ece ff9e fs8 fc7 sc0 ls58 ws47\">Notes<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x540 h3b y2ece ff9d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbd3 h3a y2ece ff9e fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbd4 h3a y2ece ff9e fs8 fc7 sc0 ls58 ws47\">movement<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2d79 w150 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">Cash and cash equivalents<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbd5 y2d79 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbd6 y2d79 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">(162.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbd7 y2d79 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">(396.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9dd y2d79 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">234.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d7c w1d8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">Overdraft<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbd8 y2d7c w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbd9 y2d7c w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">95.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x32d y2d7c w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">219.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbda y2d7c w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">(124.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d7d w68 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8a3 y2d7d w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.4.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbdb y2d7d w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">363.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbdc y2d7d w56 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">397.<span class=\"_ _2a\"></span>5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbdd y2d7d w89 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">(34.<span class=\"_ _2a\"></span>1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2ecf ff9e fs5 fc7 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2b5\"> </span></td><td class=\"c n xbde y2e0f w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbdf y2e0f w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">262.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe0 y2e0f w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">285.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe1 y2e0f w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">(23.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e10 w187 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">Other finance<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x89b y2e10 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ae y2e10 w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">0.<span class=\"_ _2a\"></span>1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9af y2e10 w49 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">0.<span class=\"_ _2a\"></span>7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe2 y2e10 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bf6 w1d9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">Cross currency interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe3 y2bf6 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe4 y2bf6 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">(13.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe5 y2bf6 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">(24.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x321 y2bf6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">11.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dbd w1da h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">Deferred consideration<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe6 y2dbd w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe7 y2dbd w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c8 y2dbd w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe8 y2dbd w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf3 w29 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">Net debt<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xbe9 y2cf3 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">545.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbea y2cf3 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">482.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x843 y2cf3 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">63.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bfb w1db h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">Undrawn available financing facilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbeb y2bfb w1dc h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.2b<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbec y2bfb w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">260.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x32d y2bfb w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">288.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbed y2bfb w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">(27.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w1dd h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc6 sc0 ls57 ws46\">Capital<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xbee y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">806.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbef y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">770.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x707 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">35.4<span class=\"_ _2b5\"> </span></div></td></tr></table>1<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span>Private loan notes include US<span class=\"_ gs234\"> </span>dollar and British pound sterling private plac<span class=\"_ _2a\"></span>ement loan notes.<span class=\"_ _2b5\"> </span>A reconciliation of net debt shown above to cash flow can be found in<span class=\"_ _1\"></span> note<span class=\"_ gs15\"> </span>2.9.3.<span class=\"_ _2b5\"> </span>The overdrafts are part of a notional cash pooling arrangeme<span class=\"_ _1\"></span>nts in which the balances are fully offset by cash balances within the same arrangements.<span class=\"_ _2b5\"> </span>During the year, USD and GBP private placement loan notes of \u00a332.7m and<span class=\"_ _1\"></span> \u00a342.1m were repaid at maturity in January 2023 and October 2023 respectively. The associated<span class=\"_ _1\"></span> currency and interest rate swaps also expired on these dates, such that the combined net cash outflow for th<span class=\"_ _1\"></span>ese repayments was \u00a366.3m. Additionally, as a result of mandatory prepayment provisions related to d<span class=\"_ _1\"></span>isposal proceeds, \u00a316.0m of Euro private placement loan notes were repaid in February and March. The remaining \u00a330.2m balanc<span class=\"_ _2a\"></span>e of these Euro notes, originally due for payment in November 2027, were early settle<span class=\"_ _1\"></span>d in August.<span class=\"_ _2b5\"> </span>4.5.3 Borrowings<span class=\"_ _2b5\"> </span>Details of the Group\u2019s current RCF facility are shown in the above liquidity section<span class=\"_ _1\"></span> (see note<span class=\"_ gs15\"> </span>4.5.2b).<span class=\"_ _2b5\"> </span>Borrowing costs of <span class=\"ls57 ws46\">\u00a35.4m</span> were capitalised in the year (<span class=\"_ _1\"></span><span class=\"ls57 ws46\">2022<span class=\"ls9 ws1\">: </span>\u00a35.2m<span class=\"ls9 ws1\">). At </span>31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\">, the Group\u2019s </span></span>private placement loan note series had a GBP equivalent underlyin<span class=\"_ _1\"></span>g carrying value of \u00a3250.2m (<span class=\"ls57 ws46\">2022</span>: \u00a3260.5m) (see note<span class=\"_ gs15\"> </span>4.5.2a) analysed as follows:<span class=\"_ _2b5\"> </span><table class=\"s w223 ha9\" id=\"_542aaa4b-ba3c-4cda-a03b-cf7cefbbd725\"><tr><td></td><td></td><td class=\"t m0 xde9 h3a y2fce ffb6 fs8 fc7 sc0 ls58 ws47\">Interest rate<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xdea h3a y2fce ffb6 fs8 fc7 sc0 ls58 ws47\">Nominal value<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2fcf w224 h67\"><div class=\"t m0 x2bd h3a y2c9f ffb6 fs8 fc7 sc0 ls58 ws47\">Maturity<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdeb y2fcf w225 h67\"><div class=\"t m0 x2bd h3a y2c9f ffb6 fs8 fc7 sc0 ls58 ws47\">Denomination<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 xdec h3a y2fd0 ffb6 fs8 fc7 sc0 ls9 ws1\">%<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xded h3a y2fd0 ffb6 fs8 fc7 sc0 ls9 ws1\">Ccy\u2019m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2fd1 w148 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">22 January 2025<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdee y2fd1 w226 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">GBP<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdef y2fd1 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">3.540<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf0 y2fd1 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">7.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fd2 w227 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">22 April 2025<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf1 y2fd2 w226 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">GBP<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf2 y2fd2 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">3.670<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7fc y2fd2 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">22.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fd3 w142 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">25 July 2026<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf3 y2fd3 w226 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">GBP<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf4 y2fd3 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">9.350<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x34d y2fd3 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">50.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fd4 w148 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">27 October 2026<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdee y2fd4 w226 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">GBP<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdef y2fd4 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">2.770<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf5 y2fd4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">18.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fd5 w148 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">22 January 2027<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdee y2fd5 w226 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">GBP<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdef y2fd5 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">3.580<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf5 y2fd5 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">23.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fd6 w228 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls57 ws46\">Total GBP denominated<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf6 y2fd6 w226 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">GBP<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x6e7 y2fd6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">122.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fd7 w148 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">22 January 2025<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdee y2fd7 w1e5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">USD<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf7 y2fd7 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">3.650<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf8 y2fd7 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">74.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c92 w142 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">25 July 2026<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf3 y2c92 w1e5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">USD<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf9 y2c92 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">8.000<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdfa y2c92 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">45.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fd8 w148 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">27 October 2026<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdee y2fd8 w1e5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">USD<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf7 y2fd8 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">3.590<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf8 y2fd8 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">19.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fd9 w148 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">22 January 2027<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdee y2fd9 w1e5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">USD<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf7 y2fd9 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">3.800<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf8 y2fd9 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">27.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c95 w142 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">25 July 2028<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf3 y2c95 w1e5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">USD<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdf9 y2c95 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">8.210<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdfa y2c95 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">23.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h39 y2fda ffb5 fs5 fc7 sc0 ls57 ws46\">Total USD denominated<span class=\"_ _2b5\"> </span></td><td class=\"c n xdfb y2fdb w1e5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">USD<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xdfc y2fdb w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">189.1<span class=\"_ _2b5\"> </span></div></td></tr></table>1<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span>USD denominated loan notes have a GBP equivalent underlying carrying value of \u00a3131.1m. The Group has entered into a combination of cross currency and interest rate swaps to achieve a GBP fixed rate of interest. Further disclosure on the Group\u2019s use of hedges is included in note<span class=\"_ gs234\"> </span>4.2.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfBorrowingsExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-539": {
   "value": "4.1.1 Net debt and capital<span class=\"_ _2b5\"> </span>The components of the Group\u2019s net debt and undrawn availab<span class=\"_ _1\"></span>le liquidity are summarised below.<span class=\"_ _2b5\"> </span><table class=\"s w1d7 h97\" id=\"_8ea28913-f7ac-4e04-8502-9f65f47f945e\"><tr><td></td><td></td><td class=\"t m0 x833 h3b y2ecd ff9d fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x307 h3a y2ecd ff9e fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbd2 h3a y2ecd ff9e fs8 fc7 sc0 ls58 ws47\">Year on Year<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x545 h3a y2ece ff9e fs8 fc7 sc0 ls58 ws47\">Notes<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x540 h3b y2ece ff9d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbd3 h3a y2ece ff9e fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbd4 h3a y2ece ff9e fs8 fc7 sc0 ls58 ws47\">movement<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2d79 w150 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">Cash and cash equivalents<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbd5 y2d79 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbd6 y2d79 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">(162.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbd7 y2d79 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">(396.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9dd y2d79 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">234.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d7c w1d8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">Overdraft<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbd8 y2d7c w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbd9 y2d7c w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">95.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x32d y2d7c w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">219.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbda y2d7c w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">(124.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d7d w68 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8a3 y2d7d w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.4.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbdb y2d7d w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">363.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbdc y2d7d w56 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">397.<span class=\"_ _2a\"></span>5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbdd y2d7d w89 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">(34.<span class=\"_ _2a\"></span>1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2ecf ff9e fs5 fc7 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2b5\"> </span></td><td class=\"c n xbde y2e0f w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbdf y2e0f w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">262.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe0 y2e0f w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">285.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe1 y2e0f w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">(23.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e10 w187 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">Other finance<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x89b y2e10 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ae y2e10 w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">0.<span class=\"_ _2a\"></span>1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9af y2e10 w49 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">0.<span class=\"_ _2a\"></span>7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe2 y2e10 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bf6 w1d9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">Cross currency interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe3 y2bf6 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe4 y2bf6 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">(13.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe5 y2bf6 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">(24.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x321 y2bf6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">11.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dbd w1da h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">Deferred consideration<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe6 y2dbd w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe7 y2dbd w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c8 y2dbd w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe8 y2dbd w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf3 w29 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">Net debt<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xbe9 y2cf3 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">545.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbea y2cf3 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">482.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x843 y2cf3 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">63.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bfb w1db h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">Undrawn available financing facilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbeb y2bfb w1dc h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.2b<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbec y2bfb w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">260.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x32d y2bfb w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">288.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbed y2bfb w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">(27.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w1dd h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc6 sc0 ls57 ws46\">Capital<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xbee y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">806.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbef y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">770.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x707 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">35.4<span class=\"_ _2b5\"> </span></div></td></tr></table>1<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span>Private loan notes include US<span class=\"_ gs234\"> </span>dollar and British pound sterling private plac<span class=\"_ _2a\"></span>ement loan notes.<span class=\"_ _2b5\"> </span>A reconciliation of net debt shown above to cash flow can be found in<span class=\"_ _1\"></span> note<span class=\"_ gs15\"> </span>2.9.3.<span class=\"_ _2b5\"> </span>The overdrafts are part of a notional cash pooling arrangeme<span class=\"_ _1\"></span>nts in which the balances are fully offset by cash balances within the same arrangements.<span class=\"_ _2b5\"> </span>During the year, USD and GBP private placement loan notes of \u00a332.7m and<span class=\"_ _1\"></span> \u00a342.1m were repaid at maturity in January 2023 and October 2023 respectively. The associated<span class=\"_ _1\"></span> currency and interest rate swaps also expired on these dates, such that the combined net cash outflow for th<span class=\"_ _1\"></span>ese repayments was \u00a366.3m. Additionally, as a result of mandatory prepayment provisions related to d<span class=\"_ _1\"></span>isposal proceeds, \u00a316.0m of Euro private placement loan notes were repaid in February and March. The remaining \u00a330.2m balanc<span class=\"_ _2a\"></span>e of these Euro notes, originally due for payment in November 2027, were early settle<span class=\"_ _1\"></span>d in August.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDebtSecuritiesExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-526": {
   "value": "4.1.1 Net debt and capital<span class=\"_ _2b5\"> </span>The components of the Group\u2019s net debt and undrawn availab<span class=\"_ _1\"></span>le liquidity are summarised below.<span class=\"_ _2b5\"> </span><table class=\"s w1d7 h97\" id=\"_8ea28913-f7ac-4e04-8502-9f65f47f945e\"><tr><td></td><td></td><td class=\"t m0 x833 h3b y2ecd ff9d fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x307 h3a y2ecd ff9e fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbd2 h3a y2ecd ff9e fs8 fc7 sc0 ls58 ws47\">Year on Year<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x545 h3a y2ece ff9e fs8 fc7 sc0 ls58 ws47\">Notes<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x540 h3b y2ece ff9d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbd3 h3a y2ece ff9e fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbd4 h3a y2ece ff9e fs8 fc7 sc0 ls58 ws47\">movement<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2d79 w150 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">Cash and cash equivalents<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbd5 y2d79 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbd6 y2d79 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">(162.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbd7 y2d79 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">(396.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9dd y2d79 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">234.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d7c w1d8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">Overdraft<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbd8 y2d7c w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbd9 y2d7c w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">95.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x32d y2d7c w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">219.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbda y2d7c w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">(124.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d7d w68 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8a3 y2d7d w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.4.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbdb y2d7d w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">363.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbdc y2d7d w56 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">397.<span class=\"_ _2a\"></span>5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbdd y2d7d w89 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">(34.<span class=\"_ _2a\"></span>1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2ecf ff9e fs5 fc7 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2b5\"> </span></td><td class=\"c n xbde y2e0f w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbdf y2e0f w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">262.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe0 y2e0f w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">285.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe1 y2e0f w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">(23.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e10 w187 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">Other finance<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x89b y2e10 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ae y2e10 w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">0.<span class=\"_ _2a\"></span>1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9af y2e10 w49 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">0.<span class=\"_ _2a\"></span>7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe2 y2e10 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bf6 w1d9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">Cross currency interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe3 y2bf6 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe4 y2bf6 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">(13.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe5 y2bf6 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">(24.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x321 y2bf6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">11.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dbd w1da h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">Deferred consideration<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe6 y2dbd w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe7 y2dbd w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c8 y2dbd w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe8 y2dbd w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf3 w29 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">Net debt<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xbe9 y2cf3 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">545.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbea y2cf3 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">482.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x843 y2cf3 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">63.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bfb w1db h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">Undrawn available financing facilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbeb y2bfb w1dc h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.2b<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbec y2bfb w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">260.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x32d y2bfb w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">288.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbed y2bfb w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">(27.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w1dd h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc6 sc0 ls57 ws46\">Capital<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xbee y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">806.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbef y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">770.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x707 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">35.4<span class=\"_ _2b5\"> </span></div></td></tr></table>1<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span>Private loan notes include US<span class=\"_ gs234\"> </span>dollar and British pound sterling private plac<span class=\"_ _2a\"></span>ement loan notes.<span class=\"_ _2b5\"> </span>A reconciliation of net debt shown above to cash flow can be found in<span class=\"_ _1\"></span> note<span class=\"_ gs15\"> </span>2.9.3.<span class=\"_ _2b5\"> </span>The overdrafts are part of a notional cash pooling arrangeme<span class=\"_ _1\"></span>nts in which the balances are fully offset by cash balances within the same arrangements.<span class=\"_ _2b5\"> </span>During the year, USD and GBP private placement loan notes of \u00a332.7m and<span class=\"_ _1\"></span> \u00a342.1m were repaid at maturity in January 2023 and October 2023 respectively. The associated<span class=\"_ _1\"></span> currency and interest rate swaps also expired on these dates, such that the combined net cash outflow for th<span class=\"_ _1\"></span>ese repayments was \u00a366.3m. Additionally, as a result of mandatory prepayment provisions related to d<span class=\"_ _1\"></span>isposal proceeds, \u00a316.0m of Euro private placement loan notes were repaid in February and March. The remaining \u00a330.2m balanc<span class=\"_ _2a\"></span>e of these Euro notes, originally due for payment in November 2027, were early settle<span class=\"_ _1\"></span>d in August.<span class=\"_ _2b5\"> </span>4.1.2 Capital management<span class=\"_ _2b5\"> </span>Capital management forms an important component of Board meeting<span class=\"_ _1\"></span>s, including reviews of forecast gearing, key covenant tests, and the mix of funding sources, thereby e<span class=\"_ _1\"></span>nsuring sustainability and flexibility. Shareholder returns are reviewed in accordance with the Group\u2019s ge<span class=\"_ _1\"></span>neration of sustainable free cash flow.<span class=\"_ _2b5\"> </span>The Group\u2019s capital management process ensures that it meets the fina<span class=\"_ _1\"></span>ncial covenants of its borrowing arrangements. There are two separate sets of covenant tests unde<span class=\"_ _1\"></span>rlying the Group\u2019s financial instruments with the key difference being the treatment of IFRS 16. Under the test for th<span class=\"_ _1\"></span>e bank facilities and US private placement loan notes these covenants are based on maintain<span class=\"_ _1\"></span>ing minimum ratios associated with adjusted net debt to adjusted EBITDA and annualised interest cover. There have been no breaches in the fi<span class=\"_ _2a\"></span>nancial covenants of any loans or borrowings during the reporting period.<span class=\"_ _2b5\"> </span>The committed RCF provides the liquidity needed to cover the cash fluctua<span class=\"_ _1\"></span>tions of the business cycle, allowing a buffer for contingencies.<span class=\"_ _2b5\"> </span>Capita plc supports the obligations of its various regulated financial se<span class=\"_ _1\"></span>rvices businesses. The board of each regulated firm is responsible for ensuring it has embedded capital man<span class=\"_ _1\"></span>agement frameworks that ensure the availability of adequate financial resources at all times, and all of them comp<span class=\"_ _1\"></span>lied with all externally imposed financial services regulatory capital requirements applicable to them.<span class=\"_ _2b5\"> </span>In the UK, to provide working capital funding at an economically favoura<span class=\"_ _1\"></span>ble rate versus the RCF, the Group uses a non-recourse <span class=\"ls9 ws1\">trade receivables financing, the value of invoices sold under this a<span class=\"_ _1\"></span>rrangement at </span>31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> was </span>\u00a323.7m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a336.9m<span class=\"ls9 ws1\">). Additionally, in Germany the Group uses a non-recourse </span>trade receivable financing arrangement for two specific customer contracts, th<span class=\"_ _1\"></span>e value of invoices sold under that arrangement at 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> was </span>\u00a311.5m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a37.5m<span class=\"ls9 ws1\">).<span class=\"_ _2b5\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfObjectivesPoliciesAndProcessesForManagingCapitalExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-508": {
   "value": "4.1.1 Net debt and capital<span class=\"_ _2b5\"> </span>The components of the Group\u2019s net debt and undrawn availab<span class=\"_ _1\"></span>le liquidity are summarised below.<span class=\"_ _2b5\"> </span><table class=\"s w1d7 h97\" id=\"_8ea28913-f7ac-4e04-8502-9f65f47f945e\"><tr><td></td><td></td><td class=\"t m0 x833 h3b y2ecd ff9d fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x307 h3a y2ecd ff9e fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbd2 h3a y2ecd ff9e fs8 fc7 sc0 ls58 ws47\">Year on Year<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x545 h3a y2ece ff9e fs8 fc7 sc0 ls58 ws47\">Notes<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x540 h3b y2ece ff9d fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbd3 h3a y2ece ff9e fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbd4 h3a y2ece ff9e fs8 fc7 sc0 ls58 ws47\">movement<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2d79 w150 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">Cash and cash equivalents<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbd5 y2d79 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbd6 y2d79 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">(162.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbd7 y2d79 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">(396.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9dd y2d79 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">234.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d7c w1d8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">Overdraft<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbd8 y2d7c w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbd9 y2d7c w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">95.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x32d y2d7c w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">219.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbda y2d7c w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">(124.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d7d w68 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x8a3 y2d7d w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.4.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbdb y2d7d w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">363.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbdc y2d7d w56 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">397.<span class=\"_ _2a\"></span>5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbdd y2d7d w89 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">(34.<span class=\"_ _2a\"></span>1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2ecf ff9e fs5 fc7 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2b5\"> </span></td><td class=\"c n xbde y2e0f w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbdf y2e0f w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">262.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe0 y2e0f w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">285.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe1 y2e0f w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">(23.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e10 w187 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">Other finance<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x89b y2e10 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ae y2e10 w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">0.<span class=\"_ _2a\"></span>1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9af y2e10 w49 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">0.<span class=\"_ _2a\"></span>7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe2 y2e10 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bf6 w1d9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">Cross currency interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe3 y2bf6 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe4 y2bf6 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">(13.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe5 y2bf6 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">(24.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x321 y2bf6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">11.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2dbd w1da h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">Deferred consideration<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe6 y2dbd w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe7 y2dbd w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9c8 y2dbd w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe8 y2dbd w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf3 w29 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">Net debt<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xbe9 y2cf3 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">545.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbea y2cf3 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">482.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x843 y2cf3 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">63.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bfb w1db h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls9 ws1\">Undrawn available financing facilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbeb y2bfb w1dc h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">4.5.2b<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbec y2bfb w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">260.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x32d y2bfb w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">288.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbed y2bfb w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">(27.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w1dd h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc6 sc0 ls57 ws46\">Capital<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xbee y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9d fs5 fc7 sc0 ls57 ws46\">806.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbef y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">770.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x707 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ff9e fs5 fc7 sc0 ls57 ws46\">35.4<span class=\"_ _2b5\"> </span></div></td></tr></table>1<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span>Private loan notes include US<span class=\"_ gs234\"> </span>dollar and British pound sterling private plac<span class=\"_ _2a\"></span>ement loan notes.<span class=\"_ _2b5\"> </span>A reconciliation of net debt shown above to cash flow can be found in<span class=\"_ _1\"></span> note<span class=\"_ gs15\"> </span>2.9.3.<span class=\"_ _2b5\"> </span>The overdrafts are part of a notional cash pooling arrangeme<span class=\"_ _1\"></span>nts in which the balances are fully offset by cash balances within the same arrangements.<span class=\"_ _2b5\"> </span>During the year, USD and GBP private placement loan notes of \u00a332.7m and<span class=\"_ _1\"></span> \u00a342.1m were repaid at maturity in January 2023 and October 2023 respectively. The associated<span class=\"_ _1\"></span> currency and interest rate swaps also expired on these dates, such that the combined net cash outflow for th<span class=\"_ _1\"></span>ese repayments was \u00a366.3m. Additionally, as a result of mandatory prepayment provisions related to d<span class=\"_ _1\"></span>isposal proceeds, \u00a316.0m of Euro private placement loan notes were repaid in February and March. The remaining \u00a330.2m balanc<span class=\"_ _2a\"></span>e of these Euro notes, originally due for payment in November 2027, were early settle<span class=\"_ _1\"></span>d in August.<span class=\"_ _2b5\"> </span>4.1.2 Capital management<span class=\"_ _2b5\"> </span>Capital management forms an important component of Board meeting<span class=\"_ _1\"></span>s, including reviews of forecast gearing, key covenant tests, and the mix of funding sources, thereby e<span class=\"_ _1\"></span>nsuring sustainability and flexibility. Shareholder returns are reviewed in accordance with the Group\u2019s ge<span class=\"_ _1\"></span>neration of sustainable free cash flow.<span class=\"_ _2b5\"> </span>The Group\u2019s capital management process ensures that it meets the fina<span class=\"_ _1\"></span>ncial covenants of its borrowing arrangements. There are two separate sets of covenant tests unde<span class=\"_ _1\"></span>rlying the Group\u2019s financial instruments with the key difference being the treatment of IFRS 16. Under the test for th<span class=\"_ _1\"></span>e bank facilities and US private placement loan notes these covenants are based on maintain<span class=\"_ _1\"></span>ing minimum ratios associated with adjusted net debt to adjusted EBITDA and annualised interest cover. There have been no breaches in the fi<span class=\"_ _2a\"></span>nancial covenants of any loans or borrowings during the reporting period.<span class=\"_ _2b5\"> </span>The committed RCF provides the liquidity needed to cover the cash fluctua<span class=\"_ _1\"></span>tions of the business cycle, allowing a buffer for contingencies.<span class=\"_ _2b5\"> </span>Capita plc supports the obligations of its various regulated financial se<span class=\"_ _1\"></span>rvices businesses. The board of each regulated firm is responsible for ensuring it has embedded capital man<span class=\"_ _1\"></span>agement frameworks that ensure the availability of adequate financial resources at all times, and all of them comp<span class=\"_ _1\"></span>lied with all externally imposed financial services regulatory capital requirements applicable to them.<span class=\"_ _2b5\"> </span>In the UK, to provide working capital funding at an economically favoura<span class=\"_ _1\"></span>ble rate versus the RCF, the Group uses a non-recourse <span class=\"ls9 ws1\">trade receivables financing, the value of invoices sold under this a<span class=\"_ _1\"></span>rrangement at </span>31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> was </span>\u00a323.7m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a336.9m<span class=\"ls9 ws1\">). Additionally, in Germany the Group uses a non-recourse </span>trade receivable financing arrangement for two specific customer contracts, th<span class=\"_ _1\"></span>e value of invoices sold under that arrangement at 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> was </span>\u00a311.5m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a37.5m<span class=\"ls9 ws1\">).<span class=\"_ _2b5\"> </span></span>4.2 Financial risk Financial risk management objectives and policies<span class=\"_ _2b5\"> </span>The Group\u2019s Board of directors has overall responsibility for the establishme<span class=\"_ _1\"></span>nt and oversight of the Group\u2019s risk management framework, which is outlined on pages 57 to 63 of the<span class=\"_ _1\"></span> strategic report. The Group\u2019s principal financial instruments comprise cash, bank loans, private placemen<span class=\"_ _1\"></span>t loan notes, lease assets and liabilities, and derivatives. The purpose of these is to fund and provid<span class=\"_ _1\"></span>e liquidity for the Group\u2019s operations and to manage its financial risks. The Group has various other financia<span class=\"_ _1\"></span>l instruments including trade receivables and trade payables arising from its operations.<span class=\"_ _2b5\"> </span>Derivatives comprise cross-currency interest rate swaps, and forward foreign currency con<span class=\"_ _1\"></span>tracts executed with its relationship banks, all of which have investment grade credit ratings. T<span class=\"_ _1\"></span>he derivatives\u2019 purpose is to manage interest rate and currency risks arising from the Group\u2019s operation<span class=\"_ _1\"></span>s and its sources of finance. It is the Group\u2019s policy that no speculative trading in financial instruments is und<span class=\"_ _1\"></span>ertaken.<span class=\"_ _2b5\"> </span>The main risks arising from the Group\u2019s financial instruments are liquidity risk, foreign cu<span class=\"_ _1\"></span>rrency risk, interest rate risk, and credit risk. The Board periodically reviews and agrees policies for ma<span class=\"_ _1\"></span>naging these risks, which are summarised below.<span class=\"_ _2b5\"> </span><div class=\"t m0 h39 ff9f fs5 fc6 sc0 ls9 ws1 gs58c\">4.2.1 Liquidity risk<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa0 fs5 fc7 sc0 ls9 ws1 gs58d\">The Group monitors the risk of a liquidity shortage through its business pla<span class=\"_ _1\"></span>n and liquidity cycle forecasts </div><div class=\"t m0 h38 ffa0 fs5 fc7 sc0 ls9 ws1 gs58e\">and analysis, taking into consideration the maturity of the Group\u2019s finan<span class=\"_ _1\"></span>cial instruments, projected cash </div><div class=\"t m0 h38 ffa0 fs5 fc7 sc0 ls9 ws1 gs58f\">flows from operations and an allowance for contingencies.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa0 fs5 fc7 sc0 ls9 ws1 gs590\">The Group\u2019s policy is to hold cash and undrawn committed facilities at a leve<span class=\"_ _1\"></span>l sufficient to fund the Group\u2019s </div><div class=\"t m0 h38 ffa0 fs5 fc7 sc0 ls9 ws1 gs591\">operations and its medium-term plans. Multiple sources of funding are u<span class=\"_ _1\"></span>sed to maintain a balance between </div><div class=\"t m0 h38 ffa0 fs5 fc7 sc0 ls9 ws1 gs592\">continuity of funding and flexibility without placing reliance on sources th<span class=\"_ _1\"></span>at are not contractually committed.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa0 fs5 fc7 sc0 ls9 ws1 gs593\">The Group\u2019s committed bank facilities provide liquidity for the cash fluctuation<span class=\"_ _1\"></span>s of the business cycle and an </div><div class=\"t m0 h38 ffa0 fs5 fc7 sc0 ls9 ws1 gs594\">allowance for contingencies. <span class=\"ls57 ws46\">In June 2023, the Group extended its RCF to 31<span class=\"_ gs15\"> </span>December 2026 at \u00a3284m, </span></div><div class=\"t m0 h38 ffa0 fs5 fc7 sc0 ls9 ws1 gs595\">reducing to \u00a3250m by 1<span class=\"_ gs15\"> </span>January 2025 as a consequence of sp<span class=\"_ _1\"></span>ecified transactions. As such at 31<span class=\"_ gs15\"> </span>December </div><div class=\"t m0 h38 ffa0 fs5 fc7 sc0 ls57 ws46 gs596\">2023 the RCF commitment had been reduced to \u00a3260.7m (2022: \u00a3288.4m) and was subsequently reduced </div><div class=\"t m0 h38 ffa0 fs5 fc7 sc0 ls9 ws1 gs597\">to \u00a3250.0m on 23<span class=\"_ gs15\"> </span>January 2024 following receipt of proceed<span class=\"_ _1\"></span>s from the Fera disposal (refer to note<span class=\"_ gs15\"> </span>6.3).<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa0 fs5 fc7 sc0 ls57 ws46 gs598\">The RCF was not drawn upon at 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> (</span>2022: undrawn).<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa0 fs5 fc7 sc0 ls9 ws1 gs599\">The Group\u2019s core funding is provided by private placement loan n<span class=\"_ _1\"></span>otes, and to mitigate the risk of needing to </div><div class=\"t m0 h38 ffa0 fs5 fc7 sc0 ls9 ws1 gs59a\">refinance in challenging conditions, these have been arrang<span class=\"_ _1\"></span>ed with a spread of maturities to July 2028.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa0 fs5 fc7 sc0 ls9 ws1 gs59b\">The bank facilities and private placement loan notes all include p<span class=\"_ _1\"></span>rovisions that would require repayment in </div><div class=\"t m0 h38 ffa0 fs5 fc7 sc0 ls9 ws1 gs59c\">the event of a change of control, which are typical of these arrange<span class=\"_ _1\"></span>ments.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa0 fs5 fc7 sc0 ls9 ws1 gs59d\">In February 2023, the Group executed a committed bridge facility with th<span class=\"_ _1\"></span>ree of its relationship banks </div><div class=\"t m0 h38 ffa0 fs5 fc7 sc0 ls9 ws1 gs59e\">providing additional liquidity from 1<span class=\"_ gs15\"> </span>January 2<span class=\"_ _1\"></span>024. This was cancelled in July 2023.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa0 fs5 fc7 sc0 ls9 ws1 gs59f\">The tables below summarise the maturity profile of the Group\u2019s financial liabilitie<span class=\"_ _1\"></span>s based on contractual </div><div class=\"t m0 h38 ffa0 fs5 fc7 sc0 ls9 ws1 gs5a0\">undiscounted cash flows. All balances are stated based on the preva<span class=\"_ _1\"></span>iling foreign exchange rates and the </div><div class=\"t m0 h38 ffa0 fs5 fc7 sc0 ls9 ws1 gs5a1\">contractual interest rates at the balance sheet date.<span class=\"_ _2b5\"> </span></div><div class=\"gs233\"><table class=\"s w1de h98\" id=\"_8c74c0ba-be57-4b9f-acd4-23b27946a6ea\"><tr><td></td><td class=\"t m0 x4c9 h3b y2ed0 ff9f fs8 fc7 sc0 ls58 ws47\">Within </td><td class=\"t m0 xbf0 h3b y2ed0 ff9f fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 xbf1 h3b y2ed0 ff9f fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 x48a h3b y2ed0 ff9f fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 x803 h3b y2ed0 ff9f fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 xb47 h3b y2ed0 ff9f fs8 fc7 sc0 ls58 ws47\">More than </td><td></td></tr><tr><td></td><td class=\"t m0 xbf2 h3b y2ed1 ff9f fs8 fc7 sc0 ls58 ws47\">1 year </td><td class=\"t m0 xbf3 h3b y2ed1 ff9f fs8 fc7 sc0 ls58 ws47\">1\u20132 years </td><td class=\"t m0 xbf4 h3b y2ed1 ff9f fs8 fc7 sc0 ls58 ws47\">2\u20133 years </td><td class=\"t m0 xbf5 h3b y2ed1 ff9f fs8 fc7 sc0 ls58 ws47\">3\u20134 years </td><td class=\"t m0 xbf6 h3b y2ed1 ff9f fs8 fc7 sc0 ls58 ws47\">4\u20135 years </td><td class=\"t m0 x347 h3b y2ed1 ff9f fs8 fc7 sc0 ls58 ws47\">5 years </td><td class=\"t m0 x488 h3b y2ed1 ff9f fs8 fc7 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x349 h3b y2ed2 ff9f fs8 fc7 sc0 ls58 ws47\">At 31<span class=\"_ gs234\"> </span>December 2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbf7 h3b y2ed2 ff9f fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbf8 h3b y2ed2 ff9f fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x484 h3b y2ed2 ff9f fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb48 h3b y2ed2 ff9f fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb49 h3b y2ed2 ff9f fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d1 h3b y2ed2 ff9f fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3b y2ed2 ff9f fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2ed3 w1df h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">Overdraft*<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbf9 y2ed3 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">95.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbfa y2ed3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbfb y2ed3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbfc y2ed3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbfd y2ed3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbfe y2ed3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbff y2ed3 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">95.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2ed4 ffa0 fs5 fc7 sc0 ls9 ws1\">Private placement loan </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2ed5 w1e0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">notes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc00 y2ed5 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc01 y2ed5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">88.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc02 y2ed5 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">119.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc03 y2ed5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">45.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc04 y2ed5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">18.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x746 y2ed5 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc05 y2ed5 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">270.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ed6 w1e1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">Interest on loan notes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc06 y2ed6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">15.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc07 y2ed6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">13.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc08 y2ed6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">11.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc09 y2ed6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">2.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc0a y2ed6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">1.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc0b y2ed6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x75f y2ed6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">43.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ed7 w68 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc0c y2ed7 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">71.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc0d y2ed7 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">55.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc0e y2ed7 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">42.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc0f y2ed7 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">35.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc10 y2ed7 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">30.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc11 y2ed7 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">276.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb44 y2ed7 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">512.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ed8 w1da h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">Deferred consideration<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc12 y2ed8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc13 y2ed8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc14 y2ed8 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc15 y2ed8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc16 y2ed8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc17 y2ed8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b2 y2ed8 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c x2be y2ed9 w58 h61\"><div class=\"t m0 x2bd h38 y2c5b ffa0 fs5 fc7 sc0 ls57 ws46\">Put options of non-<span class=\"_ _2b5\"> </span></div><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">controlling interests<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc18 y2ed9 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">8.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc19 y2ed9 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc1a y2ed9 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc1b y2ed9 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc1c y2ed9 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc1d y2ed9 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc1e y2ed9 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">8.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2eda ffa0 fs5 fc7 sc0 ls9 ws1\">Cross-currency </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2edb w13f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc1f y2edb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">1.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc20 y2edb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">1.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc21 y2edb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">1.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x509 y2edb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb55 y2edb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb56 y2edb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x329 y2edb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">3.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2edc ffa0 fs5 fc7 sc0 ls57 ws46\">Cash flow hedges<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2edd w1e2 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">currency swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc22 y2edd w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">5.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc23 y2edd w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">5.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc24 y2edd w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">5.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc25 y2edd w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">1.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc26 y2edd w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">1.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc27 y2edd w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x529 y2edd w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">18.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2ede ffa0 fs5 fc7 sc0 ls57 ws46\">Cash flow hedges<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2edf w1e3 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">Interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc28 y2edf w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">1.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc29 y2edf w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">1.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc2a y2edf w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc2b y2edf w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc2c y2edf w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc2d y2edf w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d1 y2edf w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">3.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2ee0 ffa0 fs5 fc7 sc0 ls9 ws1\">Other financial </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2c95 w14b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">instruments<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc2e y2c95 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc2f y2c95 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc30 y2c95 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc31 y2c95 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc32 y2c95 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc33 y2c95 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d5 y2c95 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n xc34 y2be6 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ff9f fs5 fc7 sc0 ls57 ws46\">197.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc35 y2be6 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ff9f fs5 fc7 sc0 ls57 ws46\">164.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc36 y2be6 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ff9f fs5 fc7 sc0 ls57 ws46\">180.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc37 y2be6 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff9f fs5 fc7 sc0 ls57 ws46\">85.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc38 y2be6 we9 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff9f fs5 fc7 sc0 ls57 ws46\">52.<span class=\"_ _2a\"></span>2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc39 y2be6 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ff9f fs5 fc7 sc0 ls57 ws46\">276.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc3a y2be6 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ff9f fs5 fc7 sc0 ls57 ws46\">956.0<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h3a ffa0 fs8 fc7 sc0 ls9 ws1 gs5a3\">*<span class=\"_ _15\"> </span><span class=\"ls58 ws47\">The Group has a notional cash pool under which the bank may net cash balances wi<span class=\"_ _2a\"></span>th overdrafts held by other Group companies in the </span></div><div class=\"t m0 h3a ffa0 fs8 fc7 sc0 ls58 ws47 gs5a4\">arrangements. The overdraft balances shown are fully offset by credit balances in the same arrangement.<span class=\"_ _2b5\"> </span></div><div class=\"gs5a5\"><table class=\"s w1e4 h99\" id=\"_f24360d9-9333-463b-bbb7-bb2b802577c8\"><tr><td></td><td class=\"t m0 xc3b h3a y2ee1 ffa0 fs8 fc7 sc0 ls58 ws47\">Within </td><td class=\"t m0 xc3c h3a y2ee1 ffa0 fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 x4d4 h3a y2ee1 ffa0 fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 xc3d h3a y2ee1 ffa0 fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 xc3e h3a y2ee1 ffa0 fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 xc3f h3a y2ee1 ffa0 fs8 fc7 sc0 ls58 ws47\">More than </td><td></td></tr><tr><td></td><td class=\"t m0 xc3b h3a y2ee2 ffa0 fs8 fc7 sc0 ls58 ws47\">1 year </td><td class=\"t m0 x719 h3a y2ee2 ffa0 fs8 fc7 sc0 ls58 ws47\">1\u20132 years </td><td class=\"t m0 xc40 h3a y2ee2 ffa0 fs8 fc7 sc0 ls58 ws47\">2\u20133 years </td><td class=\"t m0 xc41 h3a y2ee2 ffa0 fs8 fc7 sc0 ls58 ws47\">3\u20134 years </td><td class=\"t m0 xc42 h3a y2ee2 ffa0 fs8 fc7 sc0 ls58 ws47\">4\u20135 years </td><td class=\"t m0 xbc9 h3a y2ee2 ffa0 fs8 fc7 sc0 ls58 ws47\">5 years </td><td class=\"t m0 x345 h3a y2ee2 ffa0 fs8 fc7 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x349 h3a y2ee3 ffa0 fs8 fc7 sc0 ls58 ws47\">At 31<span class=\"_ gs234\"> </span>December 2022<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbf7 h3a y2ee3 ffa0 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbf8 h3a y2ee3 ffa0 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x484 h3a y2ee3 ffa0 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb48 h3a y2ee3 ffa0 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb49 h3a y2ee3 ffa0 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d1 h3a y2ee3 ffa0 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2ee3 ffa0 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2ee4 w1df h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">Overdraft*<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc43 y2ee4 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">219.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc44 y2ee4 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc45 y2ee4 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc46 y2ee4 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc47 y2ee4 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc48 y2ee4 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc49 y2ee4 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">219.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2ee5 ffa0 fs5 fc7 sc0 ls9 ws1\">Private placement loan </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2ee6 w1e0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">notes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc4a y2ee6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">75.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc4b y2ee6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc4c y2ee6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">91.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc4d y2ee6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">34.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc4e y2ee6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">94.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc27 y2ee6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb44 y2ee6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">295.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ee7 w1e1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">Interest on loan notes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc4f y2ee7 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">9.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc50 y2ee7 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">7.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x498 y2ee7 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">6.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc09 y2ee7 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">4.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc0a y2ee7 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">2.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc0b y2ee7 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x75f y2ee7 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">30.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ee8 w68 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc0c y2ee8 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">76.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc0d y2ee8 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">64.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc0e y2ee8 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">49.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc0f y2ee8 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">39.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc10 y2ee8 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">33.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc11 y2ee8 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">296.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb44 y2ee8 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">560.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ee9 w1da h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">Deferred consideration<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc12 y2ee9 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc13 y2ee9 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc51 y2ee9 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x54c y2ee9 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc52 y2ee9 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc17 y2ee9 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b2 y2ee9 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c x2be y2eea w58 h61\"><div class=\"t m0 x2bd h38 y2c5b ffa0 fs5 fc7 sc0 ls57 ws46\">Put options of non-<span class=\"_ _2b5\"> </span></div><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">controlling interests<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc18 y2eea w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">9.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc19 y2eea w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc1a y2eea w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc1b y2eea w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc1c y2eea w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc1d y2eea w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc1e y2eea w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">9.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2eeb ffa0 fs5 fc7 sc0 ls9 ws1\">Cross-currency </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2eec w13f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc1f y2eec w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc20 y2eec w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc21 y2eec w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc53 y2eec w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc54 y2eec w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc27 y2eec w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x42c y2eec w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">3.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2eed ffa0 fs5 fc7 sc0 ls9 ws1\">Other financial </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2bfb w14b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">instruments<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc2e y2bfb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc2f y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc30 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc31 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc32 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc33 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d5 y2bfb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n xc34 y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">391.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc55 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">73.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc56 y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">147.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc57 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">79.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc58 y2be6 w56 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">130.<span class=\"_ _2a\"></span>9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc39 y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">296.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc59 y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">1,119.3<span class=\"_ _2b5\"> </span></div></td></tr></table></div>4.2.2 Foreign currency risk<span class=\"_ _2b5\"> </span>The Group is not generally exposed to significant foreign currency tra<span class=\"_ _1\"></span>nsaction risk with two exceptions.<span class=\"_ _2b5\"> </span>Firstly, services are provided by the Group\u2019s operations in India, South Africa a<span class=\"_ _1\"></span>nd Poland and incurred in Indian rupee (INR), South African rand (ZAR) and Polish zloty (PLN). The Group se<span class=\"_ _1\"></span>eks to mitigate the short term effect of this exposure by entering into forward foreign exchange co<span class=\"_ _1\"></span>ntracts to fix the British pounds sterling (GBP) cost of highly probable transactions.<span class=\"_ _2b5\"> </span>At <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span>, the Group held forward foreign exchange contracts against foreca<span class=\"_ _1\"></span>st internal monthly INR, ZAR and PLN costs expected in the periods up to and including Decemb<span class=\"_ _1\"></span>er 2024, August 2028, and December 2026 respectively. These forecast costs have been determin<span class=\"_ _1\"></span>ed on the basis of the underlying cash flows associated with the delivery of services under executed customer con<span class=\"_ _1\"></span>tracts.<span class=\"_ _2b5\"> </span>Secondly, the Group holds foreign exchange forwards against committed<span class=\"_ _1\"></span> costs relating to the purchase of cloud software services in US<span class=\"_ gs15\"> </span>dollars (USD) in the periods up to and including Octo<span class=\"_ _1\"></span>ber 2028.<span class=\"_ _2b5\"> </span>To maximise hedge effectiveness, forward foreign exchange contracts a<span class=\"_ _1\"></span>re executed with terms matching the underlying cash flows.<span class=\"_ _2b5\"> </span>The following table demonstrates the sensitivity of the Group\u2019s profit befo<span class=\"_ _1\"></span>re tax and equity to a 5% strengthening/(weakening) in <span class=\"ls9 ws1\">INR, ZAR, PLN, and USD exchange rates, assuming all other variables a<span class=\"_ _1\"></span>re </span>unchanged, that would arise from the resulting changes in the fa<span class=\"_ _1\"></span>ir value of the Group\u2019s forward exchange contracts.<span class=\"_ _2b5\"> </span><table class=\"s w53 h9a\" id=\"_60b4524d-f35e-4eb6-b377-0941b612b202\"><tr><td></td><td class=\"c n xc5a y2eee wc7 h69\"><div class=\"t m0 x2bd h3b y2d37 ffa1 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xc5b y2eee wc7 h69\"><div class=\"t m0 x2bd h3b y2d37 ffa1 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m0 x545 h3a y2eef ffa2 fs8 fc7 sc0 ls58 ws47\">Effect on profit </td><td class=\"t m0 xc5c h3a y2eef ffa2 fs8 fc7 sc0 ls58 ws47\">Effect on </td><td class=\"t m0 x612 h3a y2eef ffa2 fs8 fc7 sc0 ls58 ws47\">Effect on profit </td><td class=\"t m0 x7a2 h3a y2eef ffa2 fs8 fc7 sc0 ls58 ws47\">Effect on </td></tr><tr><td></td><td class=\"t m0 xaff h3a y2ef0 ffa2 fs8 fc7 sc0 ls58 ws47\">before tax </td><td class=\"t m0 x697 h3a y2ef0 ffa2 fs8 fc7 sc0 ls58 ws47\">equity </td><td class=\"t m0 xc5d h3a y2ef0 ffa2 fs8 fc7 sc0 ls58 ws47\">before tax </td><td class=\"t m0 xb02 h3a y2ef0 ffa2 fs8 fc7 sc0 ls58 ws47\">equity </td></tr><tr><td></td><td class=\"t m0 x8d2 h3a y2ef1 ffa2 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x696 h3a y2ef1 ffa2 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x544 h3a y2ef1 ffa2 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2ef1 ffa2 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2be3 w1e5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">USD<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc5e y2be3 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls57 ws46\">0.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc5f y2be3 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls57 ws46\">4.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc60 y2be3 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc61 y2be3 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be4 w1e6 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">INR<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc62 y2be4 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc63 y2be4 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls57 ws46\">3.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc64 y2be4 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x53d y2be4 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">0.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be5 w1e7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">ZAR<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc65 y2be5 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc66 y2be5 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls57 ws46\">3.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc67 y2be5 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">1.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc68 y2be5 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">PLN<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc69 y2be6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc6a y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc6b y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x43c y2be6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr></table>4.2.3 Interest rate risk<span class=\"_ _2b5\"> </span>The Group manages its interest rate exposure, which arises from the Group<span class=\"_ _1\"></span>\u2019s private placement loan notes, cash, deposits and RCF drawings at variable interest rates through cross-cu<span class=\"_ _1\"></span>rrency interest rate swaps and interest rate swaps. The cross currency interest rate swaps are designated in a<span class=\"_ _1\"></span> mix of fair value and cash flow hedges against the fair value changes of the private placemen<span class=\"_ _1\"></span>t loan notes and variability in future cash flows.<span class=\"_ _2b5\"> </span>The net level of floating rate interest exposure is managed, to arrive a<span class=\"_ _1\"></span>t an acceptable overall interest rate risk profile. The interest rate profile of the Group\u2019s interest-bearing finan<span class=\"_ _1\"></span>cial instruments was as follows:<span class=\"_ _2b5\"> </span><table class=\"s w1e8 h9b\" id=\"_31a545a9-0482-4979-9bae-a619f3dc2298\"><tr><td class=\"t m0 x349 h3b y2ef2 ffa1 fs8 fc7 sc0 ls58 ws47\">Nominal amounts<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4c9 h3b y2ef2 ffa1 fs8 fc7 sc0 ls58 ws47\">Within </td><td class=\"t m0 xbf0 h3b y2ef2 ffa1 fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 xbf1 h3b y2ef2 ffa1 fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 x48a h3b y2ef2 ffa1 fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 x803 h3b y2ef2 ffa1 fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 xb47 h3b y2ef2 ffa1 fs8 fc7 sc0 ls58 ws47\">More than </td><td></td></tr><tr><td></td><td class=\"t m0 xbf2 h3b y2ef3 ffa1 fs8 fc7 sc0 ls58 ws47\">1 year </td><td class=\"t m0 xbf3 h3b y2ef3 ffa1 fs8 fc7 sc0 ls58 ws47\">1\u20132 years </td><td class=\"t m0 xbf4 h3b y2ef3 ffa1 fs8 fc7 sc0 ls58 ws47\">2\u20133 years </td><td class=\"t m0 xbf5 h3b y2ef3 ffa1 fs8 fc7 sc0 ls58 ws47\">3\u20134 years </td><td class=\"t m0 xbf6 h3b y2ef3 ffa1 fs8 fc7 sc0 ls58 ws47\">4\u20135 years </td><td class=\"t m0 x347 h3b y2ef3 ffa1 fs8 fc7 sc0 ls58 ws47\">5 years </td><td class=\"t m0 x488 h3b y2ef3 ffa1 fs8 fc7 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x349 h3b y2ef4 ffa1 fs8 fc7 sc0 ls58 ws47\">At 31<span class=\"_ gs234\"> </span>December 2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbf7 h3b y2ef4 ffa1 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbf8 h3b y2ef4 ffa1 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x484 h3b y2ef4 ffa1 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb48 h3b y2ef4 ffa1 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb49 h3b y2ef4 ffa1 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d1 h3b y2ef4 ffa1 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3b y2ef4 ffa1 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h39 y2ef5 ffa1 fs5 fc7 sc0 ls57 ws46\">Fixed rate<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x530 h38 y2ef6 ffa2 fs5 fc7 sc0 ls9 ws1\">Private placement </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x531 y2d71 w12c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">loan notes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc6c y2d71 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc6d y2d71 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls57 ws46\">75.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc6e y2d71 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls57 ws46\">119.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc6f y2d71 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls57 ws46\">40.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc70 y2d71 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls57 ws46\">18.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc71 y2d71 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc72 y2d71 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls57 ws46\">254.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h39 y2ef7 ffa1 fs5 fc7 sc0 ls57 ws46\">Floating rate<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x531 y2be5 w1e9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">Cash in hand<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc73 y2be5 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls57 ws46\">(162.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc74 y2be5 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc75 y2be5 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc76 y2be5 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc77 y2be5 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc78 y2be5 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc79 y2be5 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls57 ws46\">(162.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x531 y2be6 w1d8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">Overdraft<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc7a y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls57 ws46\">95.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc7b y2be6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc7c y2be6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc7d y2be6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc7e y2be6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc7f y2be6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc80 y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls57 ws46\">95.0<span class=\"_ _2b5\"> </span></div></td></tr></table><table class=\"s w1e8 h9c\" id=\"_c53af681-77e5-4b3e-addd-bd750e6d5e92\"><tr><td class=\"t m0 x349 h3a y2ef8 ffa2 fs8 fc7 sc0 ls58 ws47\">Nominal amounts<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc3b h3a y2ef8 ffa2 fs8 fc7 sc0 ls58 ws47\">Within </td><td class=\"t m0 xc3c h3a y2ef8 ffa2 fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 x4d4 h3a y2ef8 ffa2 fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 xc3d h3a y2ef8 ffa2 fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 xc3e h3a y2ef8 ffa2 fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 xc3f h3a y2ef8 ffa2 fs8 fc7 sc0 ls58 ws47\">More than </td><td></td></tr><tr><td></td><td class=\"t m0 xc3b h3a y2ef9 ffa2 fs8 fc7 sc0 ls58 ws47\">1 year </td><td class=\"t m0 x719 h3a y2ef9 ffa2 fs8 fc7 sc0 ls58 ws47\">1\u20132 years </td><td class=\"t m0 xc40 h3a y2ef9 ffa2 fs8 fc7 sc0 ls58 ws47\">2\u20133 years </td><td class=\"t m0 xc41 h3a y2ef9 ffa2 fs8 fc7 sc0 ls58 ws47\">3\u20134 years </td><td class=\"t m0 xc42 h3a y2ef9 ffa2 fs8 fc7 sc0 ls58 ws47\">4\u20135 years </td><td class=\"t m0 xbc9 h3a y2ef9 ffa2 fs8 fc7 sc0 ls58 ws47\">5 years </td><td class=\"t m0 x345 h3a y2ef9 ffa2 fs8 fc7 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x349 h3a y2efa ffa2 fs8 fc7 sc0 ls58 ws47\">At 31<span class=\"_ gs234\"> </span>December 2022<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbf7 h3a y2efa ffa2 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbf8 h3a y2efa ffa2 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x484 h3a y2efa ffa2 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb48 h3a y2efa ffa2 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb49 h3a y2efa ffa2 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d1 h3a y2efa ffa2 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2efa ffa2 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h39 y2efb ffa1 fs5 fc7 sc0 ls57 ws46\">Fixed rate<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x530 h38 y2efc ffa2 fs5 fc7 sc0 ls9 ws1\">Private placement </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x531 y2cb3 w12c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">loan notes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc81 y2cb3 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">27.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc82 y2cb3 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc83 y2cb3 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">29.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc84 y2cb3 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">18.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc85 y2cb3 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">71.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc86 y2cb3 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc87 y2cb3 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">147.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h39 y2efd ffa1 fs5 fc7 sc0 ls57 ws46\">Floating rate<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x531 y2efe w1e9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">Cash in hand<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc73 y2efe w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">(396.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc74 y2efe w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc75 y2efe w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc76 y2efe w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc77 y2efe w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc78 y2efe w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc79 y2efe w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">(396.8)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x531 y2d52 w1d8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">Overdraft<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc88 y2d52 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">219.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc89 y2d52 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc8a y2d52 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc8b y2d52 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc8c y2d52 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc8d y2d52 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc8e y2d52 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">219.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x530 h38 y2eff ffa2 fs5 fc7 sc0 ls9 ws1\">Private placement </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x531 y2be6 w12c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">loan notes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc81 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">38.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc82 y2be6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc83 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">46.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc84 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">15.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc85 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">17.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc86 y2be6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc87 y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">117.6<span class=\"_ _2b5\"> </span></div></td></tr></table>A sensitivity analysis to changes in interest rates shows that a 0.5% increase or decre<span class=\"_ _1\"></span>ase in interest rates, assuming all other variables are held constant, results in a \u00a3nil (<span class=\"_ _1\"></span><span class=\"ls57 ws46\">2022<span class=\"ls9 ws1\">: \u00a30.6m) increase or decrease to profit </span></span>before tax, and no impact on the Group\u2019s equity.<span class=\"_ _2b5\"> </span><div class=\"t m0 h39 ffa3 fs5 fc6 sc0 ls57 ws46 gs5c6\">4.2.4 Hedges<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa4 fs5 fc6 sc0 ls57 ws46 gs5c7\">Fair value hedges<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa4 fs5 fc7 sc0 ls9 ws1 gs5c8\">The Group\u2019s fixed rate USD and GBP private placement loan notes are hed<span class=\"_ _1\"></span>ged through a combination of </div><div class=\"t m0 h38 ffa4 fs5 fc7 sc0 ls9 ws1 gs5c9\">cross-currency interest rate swaps. The cross-currency interest rate swaps hedge the<span class=\"_ _1\"></span> exposure to changes </div><div class=\"t m0 h38 ffa4 fs5 fc7 sc0 ls57 ws46 gs5ca\">in the fair value of US<span class=\"_ gs15\"> </span>dollar denominated loan notes. The loan notes and their corres<span class=\"_ _2a\"></span>ponding swaps have </div><div class=\"t m0 h38 ffa4 fs5 fc7 sc0 ls9 ws1 gs5cb\">the same critical terms including nominal values and maturity dates.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa4 fs5 fc7 sc0 ls57 ws46 gs5cc\">The total <span class=\"ls9 ws1\">loss in the year on the fair value hedges of </span>\u00a311.1m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: <span class=\"_ _1\"></span><span class=\"ls57 ws46\">\u00a33.2m<span class=\"ls9 ws1\"> loss) was equal to the loss</span> on </span></span></div><div class=\"t m0 h38 ffa4 fs5 fc7 sc0 ls9 ws1 gs5cd\">the hedged items resulting in no net gain or loss in the income state<span class=\"_ _1\"></span>ment apart from hedge ineffectiveness </div><div class=\"t m0 h38 ffa4 fs5 fc7 sc0 ls9 ws1 gs5ce\">from credit risk and currency basis risk. This effect of hedge ineffectiveness resulted in<span class=\"_ _1\"></span> a <span class=\"ls57 ws46\">\u00a31.0m</span> credit </div><div class=\"t m0 h38 ffa4 fs5 fc7 sc0 ls9 ws1 gs5cf\">(<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a30.2m</span> <span class=\"ls57 ws46\">debit</span>) to the consolidated income statement, shown in net finance costs, note<span class=\"_ gs15\"> </span>4<span class=\"_ _1\"></span>.3.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa4 fs5 fc7 sc0 ls57 ws46 gs5d0\">The impact of the hedged item and the related financial derivatives on the consolidat<span class=\"_ _2a\"></span>ed balance sheet at </div><div class=\"t m0 h38 ffa4 fs5 fc7 sc0 ls57 ws46 gs5d1\">31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> is as follows:<span class=\"_ _2b5\"> </span></span></div><div class=\"gs5d2\"><table class=\"s w1ea h9d\" id=\"_31687d4a-eeea-4139-9d89-7e12470c6fde\"><tr><td></td><td></td><td class=\"t m0 xc8f h3b y2f00 ffa3 fs8 fc7 sc0 ls58 ws47\">Notional<span class=\"_ _2b5\"> </span></td><td></td><td></td><td class=\"t m0 x6fa h3b y2f00 ffa3 fs8 fc7 sc0 ls58 ws47\">Carrying<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 xc90 h3b y2f01 ffa3 fs8 fc7 sc0 ls58 ws47\">Change in fair<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xafe h3b y2f02 ffa3 fs8 fc7 sc0 ls58 ws47\">amount of the<span class=\"_ _2b5\"> </span></td><td></td><td></td><td class=\"t m0 xb00 h3b y2f02 ffa3 fs8 fc7 sc0 ls58 ws47\">amount of the<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 xc91 h3b y2f03 ffa3 fs8 fc7 sc0 ls58 ws47\">value used for<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xc92 h3b y2f04 ffa3 fs8 fc7 sc0 ls58 ws47\">hedging instrument<span class=\"_ _2b5\"> </span></td><td></td><td></td><td class=\"t m0 xc93 h3b y2f04 ffa3 fs8 fc7 sc0 ls58 ws47\">hedging instrument<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x7a8 h3b y2f05 ffa3 fs8 fc7 sc0 ls58 ws47\">Line item in<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc94 h3b y2f06 ffa3 fs8 fc7 sc0 ls58 ws47\">measuring<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xc95 h3b y2f07 ffa3 fs8 fc7 sc0 ls58 ws47\">Assets<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc96 h3b y2f07 ffa3 fs8 fc7 sc0 ls58 ws47\">Liabilities<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc97 h3b y2f07 ffa3 fs8 fc7 sc0 ls58 ws47\">Assets<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc98 h3b y2f07 ffa3 fs8 fc7 sc0 ls58 ws47\">Liabilities<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x7a8 h3b y2f08 ffa3 fs8 fc7 sc0 ls58 ws47\">the balance<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc99 h3b y2f09 ffa3 fs8 fc7 sc0 ls58 ws47\">ineffectiveness<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y2f0a ffa3 fs5 fc7 sc0 ls57 ws46\">Fair value hedges<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc9a h3b y2f0b ffa3 fs8 fc7 sc0 ls58 ws47\">Hedged risk<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc9b h3b y2f0b ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc9c h3b y2f0b ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc9d h3b y2f0b ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x61a h3b y2f0b ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x7a8 h3b y2f0b ffa3 fs8 fc7 sc0 ls58 ws47\">sheet<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc9e h3b y2f0c ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 xc9f h38 y2f0d ffa4 fs5 fc7 sc0 ls57 ws46\">Foreign </td><td></td><td></td><td></td><td></td><td class=\"t m0 x7a8 h38 y2f0e ffa4 fs5 fc7 sc0 ls57 ws46\">Financial </td><td></td></tr><tr><td class=\"t m0 x2d8 h38 y2f0f ffa4 fs5 fc7 sc0 ls9 ws1\">Cross-currency interest </td><td class=\"t m0 xc9f h38 y2f10 ffa4 fs5 fc7 sc0 ls57 ws46\">exchange </td><td class=\"c n xca0 y2f11 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa3 fs5 fc7 sc0 ls57 ws46\">63.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xca1 y2f11 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa3 fs5 fc7 sc0 ls57 ws46\">15.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xca2 y2f11 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa3 fs5 fc7 sc0 ls57 ws46\">14.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xca3 y2f11 w35 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa3 fs5 fc7 sc0 ls9 ws1\">(0.9)</div></td><td class=\"t m0 x7a8 h38 y2f12 ffa4 fs5 fc7 sc0 ls9 ws1\">assets/</td><td class=\"t m0 xca4 h38 y2f12 ffa4 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _27\"> </span>(11.1) </td></tr><tr><td class=\"t m0 x2d8 h38 y2f13 ffa4 fs5 fc7 sc0 ls9 ws1\">rate swaps<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc9f h38 y2f14 ffa4 fs5 fc7 sc0 ls9 ws1\">risk/ Interest </td><td></td><td></td><td></td><td></td><td class=\"t m0 x7a8 h38 y2f15 ffa4 fs5 fc7 sc0 ls9 ws1\">Liabilities<span class=\"_ _2b5\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 xc9f h38 y2f16 ffa4 fs5 fc7 sc0 ls9 ws1\">rate risk<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table></div><div class=\"gs5d3\"><table class=\"s w1eb h9e\" id=\"_4941986d-caa1-447e-bf5e-9731b5a6eb81\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x69a h3b y2f17 ffa3 fs8 fc7 sc0 ls58 ws47\">Change in fair value<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 xca5 h3b y2f18 ffa3 fs8 fc7 sc0 ls58 ws47\">Carrying </td><td class=\"t m0 xca6 h3b y2f19 ffa3 fs8 fc7 sc0 ls58 ws47\">Accumulated fair<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 x613 h3b y2f1a ffa3 fs8 fc7 sc0 ls58 ws47\">used for measuring<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 xca7 h3b y2f1b ffa3 fs8 fc7 sc0 ls58 ws47\">amount<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xca6 h3b y2f1c ffa3 fs8 fc7 sc0 ls58 ws47\">value adjustment<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x616 h3b y2f1d ffa3 fs8 fc7 sc0 ls58 ws47\">Line item in the<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xca8 h3b y2f1e ffa3 fs8 fc7 sc0 ls58 ws47\">ineffectiveness<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 xca9 h3b y2f1f ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x611 h3b y2f20 ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x616 h3b y2f20 ffa3 fs8 fc7 sc0 ls58 ws47\">balance sheet<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc9e h3b y2f21 ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2be6 w182 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcaa y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">262.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcab y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">13.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcac y2be6 w1ec h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">Financial Liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcad y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls57 ws46\">11.1<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ffa4 fs5 fc6 sc0 ls57 ws46 gs5d5\">Cash flow hedges<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa4 fs5 fc7 sc0 ls9 ws1 gs5d6\">The Group holds the following foreign exchange contracts to man<span class=\"_ _1\"></span>age various exposures across its business </div><div class=\"t m0 h38 ffa4 fs5 fc7 sc0 ls57 ws46 gs5d7\">operations:<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa4 fs5 fc7 sc0 ls9 ws1 gs5d8\">\u2022<span class=\"_ _ae\"> </span>non-deliverable forward foreign exchang<span class=\"_ _1\"></span>e contracts (NDFs), that are designated as hedges of the highly </div><div class=\"t m0 h38 ffa4 fs5 fc7 sc0 ls9 ws1 gs5d9\">probable transactions in INR of the Group\u2019s Indian operations. The te<span class=\"_ _1\"></span>rms of the NDFs match the terms of </div><div class=\"t m0 h38 ffa4 fs5 fc7 sc0 ls9 ws1 gs5da\">these commitments.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa4 fs5 fc7 sc0 ls9 ws1 gs5db\">\u2022<span class=\"_ _ae\"> </span>foreign exchange forward contracts against co<span class=\"_ _1\"></span>mmitted costs relating to the purchase of cloud software </div><div class=\"t m0 h38 ffa4 fs5 fc7 sc0 ls9 ws1 gs5dc\">services in USD for the periods up to and including October 2028.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa4 fs5 fc7 sc0 ls9 ws1 gs5dd\">\u2022<span class=\"_ _ae\"> </span>foreign exchange forward contracts against co<span class=\"_ _1\"></span>mmitted costs to manage foreign exchange exposure on </div><div class=\"t m0 h38 ffa4 fs5 fc7 sc0 ls9 ws1 gs5de\">services provided by the operations in South Africa, incurred in ZAR, and Pola<span class=\"_ _1\"></span>nd incurred in PLN.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa4 fs5 fc7 sc0 ls9 ws1 gs5df\">Additionally, during <span class=\"ls57 ws46\">2023</span> the Group executed currency and<span class=\"_ _1\"></span> interest rate swaps to mitigate its foreign </div><div class=\"t m0 h38 ffa4 fs5 fc7 sc0 ls57 ws46 gs5e0\">exchange and interest rate exposure on the private placement loan notes.<span class=\"_ _2b5\"> </span></div><div class=\"gs5e1\"><table class=\"s w1ed h9f\" id=\"_92a1cc3c-1b29-4e0e-89be-e493d9d6b15c\"><tr><td></td><td></td><td></td><td class=\"t m0 xcae h3b y2f22 ffa3 fs8 fc7 sc0 ls58 ws47\">Notional<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 x4ca h3b y2f22 ffa3 fs8 fc7 sc0 ls58 ws47\">Carrying<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 xcaf h3b y2f23 ffa3 fs8 fc7 sc0 ls58 ws47\">Change in fair<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 xcb0 h3b y2f24 ffa3 fs8 fc7 sc0 ls58 ws47\">amount of the<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 x485 h3b y2f24 ffa3 fs8 fc7 sc0 ls58 ws47\">amount of the<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 xcb1 h3b y2f25 ffa3 fs8 fc7 sc0 ls58 ws47\">value used for<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 xcb2 h3b y2f26 ffa3 fs8 fc7 sc0 ls58 ws47\">hedging instrument<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 xcb3 h3b y2f26 ffa3 fs8 fc7 sc0 ls58 ws47\">hedging instrument<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcb4 h3b y2f27 ffa3 fs8 fc7 sc0 ls58 ws47\">Line item in<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcb5 h3b y2f28 ffa3 fs8 fc7 sc0 ls58 ws47\">measuring<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xcb6 h3b y2f29 ffa3 fs8 fc7 sc0 ls58 ws47\">Assets<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d4 h3b y2f29 ffa3 fs8 fc7 sc0 ls58 ws47\">Liabilities<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x48a h3b y2f29 ffa3 fs8 fc7 sc0 ls58 ws47\">Assets<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x80b h3b y2f29 ffa3 fs8 fc7 sc0 ls58 ws47\">Liabilities<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcb4 h3b y2f2a ffa3 fs8 fc7 sc0 ls58 ws47\">the balance<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d8 h3b y2f2b ffa3 fs8 fc7 sc0 ls58 ws47\">ineffectiveness<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h39 y2f2c ffa3 fs5 fc7 sc0 ls57 ws46\">Cash flow hedges<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcb7 h3b y2f2d ffa3 fs8 fc7 sc0 ls58 ws47\">Hedged risk<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcb8 h3b y2f2d ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcb9 h3b y2f2d ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbc8 h3b y2f2d ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc3e h3b y2f2d ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcb4 h3b y2f2e ffa3 fs8 fc7 sc0 ls58 ws47\">sheet<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3b y2f2f ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h38 y2f30 ffa4 fs5 fc7 sc0 ls57 ws46\">Foreign exchange forward </td><td class=\"t m0 xcba h38 y2f31 ffa4 fs5 fc7 sc0 ls57 ws46\">Foreign </td><td></td><td></td><td></td><td></td><td class=\"t m0 xcb4 h38 y2f32 ffa4 fs5 fc7 sc0 ls57 ws46\">Financial </td><td></td></tr><tr><td class=\"t m0 x349 h38 y2f33 ffa4 fs5 fc7 sc0 ls9 ws1\">contracts<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcba h38 y2f34 ffa4 fs5 fc7 sc0 ls57 ws46\">exchange </td><td></td><td></td><td></td><td></td><td class=\"t m0 xcb4 h38 y2f35 ffa4 fs5 fc7 sc0 ls9 ws1\">assets/</td><td></td></tr><tr><td class=\"t m0 x349 h38 y2f36 ffa4 fs5 fc7 sc0 ls9 ws1\"> - forecasted purchases<span class=\"_ _2b5\"> </span></td><td class=\"c n xcbb y2cb1 w1ee h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">risk<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcbc y2cb1 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">50.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcbd y2cb1 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">149.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcbe y2cb1 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">1.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcbf y2cb1 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls9 ws1\">(3.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc0 y2cb1 w1ef h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc1 y2cb1 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">(7.3)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2f37 ffa4 fs5 fc7 sc0 ls9 ws1\">Interest rate swaps<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xcb4 h38 y2f37 ffa4 fs5 fc7 sc0 ls57 ws46\">Financial </td><td></td></tr><tr><td class=\"t m0 x349 h38 y2f38 ffa4 fs5 fc7 sc0 ls9 ws1\"> - private placement loan </td><td class=\"t m0 xcba h38 y2f39 ffa4 fs5 fc7 sc0 ls9 ws1\">Interest </td><td></td><td></td><td></td><td></td><td class=\"t m0 xcb4 h38 y2f38 ffa4 fs5 fc7 sc0 ls9 ws1\">assets/<span class=\"_ _2b5\"> </span></td><td></td></tr><tr><td class=\"t m0 x349 h38 y2f3a ffa4 fs5 fc7 sc0 ls57 ws46\">notes<span class=\"_ _2b5\"> </span></td><td class=\"c n xcbb y2f3b w1f0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">rate risk<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc2 y2f3b w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">32.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc3 y2f3b w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">46.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc4 y2f3b w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc5 y2f3b w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc0 y2f3b w1ef h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc1 y2f3b w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2f3c ffa4 fs5 fc7 sc0 ls9 ws1\">Cross currency swaps<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcba h38 y2f3d ffa4 fs5 fc7 sc0 ls57 ws46\">Foreign </td><td></td><td></td><td></td><td></td><td class=\"t m0 xcb4 h38 y2f3d ffa4 fs5 fc7 sc0 ls57 ws46\">Financial </td><td></td></tr><tr><td class=\"t m0 x349 h38 y2f3e ffa4 fs5 fc7 sc0 ls9 ws1\"> - private placement loan </td><td class=\"t m0 xcba h38 y2f3f ffa4 fs5 fc7 sc0 ls57 ws46\">exchange </td><td></td><td></td><td></td><td></td><td class=\"t m0 xcb4 h38 y2f3f ffa4 fs5 fc7 sc0 ls9 ws1\">assets/<span class=\"_ _2b5\"> </span></td><td></td></tr><tr><td class=\"t m0 x349 h38 y2f40 ffa4 fs5 fc7 sc0 ls57 ws46\">notes<span class=\"_ _2b5\"> </span></td><td class=\"c n xcbb y2f41 w1ee h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">risk<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc6 y2f41 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc7 y2f41 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">51.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc8 y2f41 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc9 y2f41 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls9 ws1\">(1.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc0 y2f41 w1ef h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc1 y2f41 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">(1.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xcca y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">82.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xccb y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">248.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xccc y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">1.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xccd y2be6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls9 ws1\">(5.4)<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xcce y2be6 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">(9.1)<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ffa4 fs5 fc7 sc0 ls9 ws1 gs5e2\">The fair value of cash flow hedging instruments held at <span class=\"_ _1\"></span><span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> is shown in note<span class=\"_ gs15\"> </span>4.5.2.<span class=\"_ _2b5\"> </span></span></span></div><div class=\"t m0 h38 ffa6 fs5 fc7 sc0 ls9 ws1 gs5e4\">The cash flow hedges have been assessed to be highly effective<span class=\"_ _1\"></span>. The cash flow hedging reserve comprises </div><div class=\"t m0 h38 ffa6 fs5 fc7 sc0 ls9 ws1 gs5e5\">the effective portion of the cumulative net change in the fair value of th<span class=\"_ _1\"></span>e hedging instruments. The following </div><div class=\"t m0 h38 ffa6 fs5 fc7 sc0 ls9 ws1 gs5e6\">table provides an analysis of components of equity resulting from cash flo<span class=\"_ _1\"></span>w hedge accounting:<span class=\"_ _2b5\"> </span></div><div class=\"gs5e7\"><table class=\"s w1f1 ha0\" id=\"_06499f53-5b16-4179-8a05-e2ecbcb7383d\"><tr><td></td><td class=\"t m0 x307 h3b y2f42 ffa5 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y2f42 ffa6 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x30a h3b y2f43 ffa5 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2f44 ffa6 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h38 y2f45 ffa6 fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></td><td class=\"c n xccf y2f46 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">4.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcd0 y2f46 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">(0.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c x2be y2f47 w1f2 h61\"><div class=\"t m0 x2bd h38 y2c5b ffa6 fs5 fc7 sc0 ls9 ws1\">Change in fair value recognised in the consolidated statement of o<span class=\"_ _1\"></span>ther<span class=\"_ _2b5\"> </span></div><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">comprehensive income<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e1 y2ebb w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">(8.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcd1 y2ebb w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">11.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2f48 ffa6 fs5 fc7 sc0 ls9 ws1\">Reclassified to the consolidated income statement:<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 xcd2 h38 y2f49 ffa6 fs5 fc7 sc0 ls9 ws1\">recognised in administrative expenses</td><td class=\"t m0 x696 h39 y2f4a ffa5 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(2.0) </td><td class=\"t m0 x47c h38 y2f49 ffa6 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(5.1) </td></tr><tr><td class=\"t m0 x2d8 h38 y2f4b ffa6 fs5 fc7 sc0 ls57 ws46\">Change in tax</td><td class=\"t m0 x696 h39 y2f4c ffa5 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _1a7\"> </span>2.6 </td><td class=\"t m0 x47c h38 y2f4b ffa6 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(1.6) </td></tr><tr><td class=\"t m0 x2d8 h38 y2f4d ffa6 fs5 fc7 sc0 ls9 ws1\">At 31 December</td><td class=\"t m0 x696 h39 y2f4e ffa5 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(3.8) </td><td class=\"t m0 xc9e h38 y2f4d ffa6 fs5 fc7 sc0 ls57 ws46\">4.1<span class=\"_ _2b5\"> </span></td></tr></table></div><div class=\"t m0 h39 ffa5 fs5 fc6 sc0 ls9 ws1 gs118\">4.2.5 Credit risk<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa6 fs5 fc7 sc0 ls9 ws1 gs119\">The carrying values of the Group\u2019s financial assets and contract assets rep<span class=\"_ _1\"></span>resent its maximum credit </div><div class=\"t m0 h38 ffa6 fs5 fc7 sc0 ls57 ws46 gs11a\">exposure.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa6 fs5 fc7 sc0 ls9 ws1 gs5e8\">The mark-to-market movement on derivatives includes the extent to which the<span class=\"_ _1\"></span> fair value of these </div><div class=\"t m0 h38 ffa6 fs5 fc7 sc0 ls9 ws1 gs11c\">instruments has been affected by the perceived change in the cred<span class=\"_ _1\"></span>itworthiness of the counterparties (ie the </div><div class=\"t m0 h38 ffa6 fs5 fc7 sc0 ls9 ws1 gs11d\">expected credit losses) to those instruments and that of the Group itself (own<span class=\"_ _1\"></span> credit risk). The Group is </div><div class=\"t m0 h38 ffa6 fs5 fc7 sc0 ls9 ws1 gs11e\">comfortable that the risk attached to those counterparties is not significan<span class=\"_ _1\"></span>t and believes that the swaps </div><div class=\"t m0 h38 ffa6 fs5 fc7 sc0 ls9 ws1 gs11f\">continue to act as an effective hedge against the movements in the fa<span class=\"_ _1\"></span>ir value of the Group\u2019s private </div><div class=\"t m0 h38 ffa6 fs5 fc7 sc0 ls57 ws46 gs120\">placement loan notes.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinancialRiskManagementExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-527": {
   "value": "4.2.1 Liquidity risk<span class=\"_ _2b5\"> </span>The Group monitors the risk of a liquidity shortage through its business pla<span class=\"_ _1\"></span>n and liquidity cycle forecasts and analysis, taking into consideration the maturity of the Group\u2019s finan<span class=\"_ _1\"></span>cial instruments, projected cash flows from operations and an allowance for contingencies.<span class=\"_ _2b5\"> </span>The Group\u2019s policy is to hold cash and undrawn committed facilities at a leve<span class=\"_ _1\"></span>l sufficient to fund the Group\u2019s operations and its medium-term plans. Multiple sources of funding are u<span class=\"_ _1\"></span>sed to maintain a balance between continuity of funding and flexibility without placing reliance on sources th<span class=\"_ _1\"></span>at are not contractually committed.<span class=\"_ _2b5\"> </span>The Group\u2019s committed bank facilities provide liquidity for the cash fluctuation<span class=\"_ _1\"></span>s of the business cycle and an allowance for contingencies. <span class=\"ls57 ws46\">In June 2023, the Group extended its RCF to 31<span class=\"_ gs15\"> </span>December 2026 at \u00a3284m, </span>reducing to \u00a3250m by 1<span class=\"_ gs15\"> </span>January 2025 as a consequence of sp<span class=\"_ _1\"></span>ecified transactions. As such at 31<span class=\"_ gs15\"> </span>December 2023 the RCF commitment had been reduced to \u00a3260.7m (2022: \u00a3288.4m) and was subsequently reduced to \u00a3250.0m on 23<span class=\"_ gs15\"> </span>January 2024 following receipt of proceed<span class=\"_ _1\"></span>s from the Fera disposal (refer to note<span class=\"_ gs15\"> </span>6.3).<span class=\"_ _2b5\"> </span>The RCF was not drawn upon at 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> (</span>2022: undrawn).<span class=\"_ _2b5\"> </span>The Group\u2019s core funding is provided by private placement loan n<span class=\"_ _1\"></span>otes, and to mitigate the risk of needing to refinance in challenging conditions, these have been arrang<span class=\"_ _1\"></span>ed with a spread of maturities to July 2028.<span class=\"_ _2b5\"> </span>The bank facilities and private placement loan notes all include p<span class=\"_ _1\"></span>rovisions that would require repayment in the event of a change of control, which are typical of these arrange<span class=\"_ _1\"></span>ments.<span class=\"_ _2b5\"> </span>In February 2023, the Group executed a committed bridge facility with th<span class=\"_ _1\"></span>ree of its relationship banks providing additional liquidity from 1<span class=\"_ gs15\"> </span>January 2<span class=\"_ _1\"></span>024. This was cancelled in July 2023.<span class=\"_ _2b5\"> </span>The tables below summarise the maturity profile of the Group\u2019s financial liabilitie<span class=\"_ _1\"></span>s based on contractual undiscounted cash flows. All balances are stated based on the preva<span class=\"_ _1\"></span>iling foreign exchange rates and the contractual interest rates at the balance sheet date.<span class=\"_ _2b5\"> </span><table class=\"s w1de h98\" id=\"_8c74c0ba-be57-4b9f-acd4-23b27946a6ea\"><tr><td></td><td class=\"t m0 x4c9 h3b y2ed0 ff9f fs8 fc7 sc0 ls58 ws47\">Within </td><td class=\"t m0 xbf0 h3b y2ed0 ff9f fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 xbf1 h3b y2ed0 ff9f fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 x48a h3b y2ed0 ff9f fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 x803 h3b y2ed0 ff9f fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 xb47 h3b y2ed0 ff9f fs8 fc7 sc0 ls58 ws47\">More than </td><td></td></tr><tr><td></td><td class=\"t m0 xbf2 h3b y2ed1 ff9f fs8 fc7 sc0 ls58 ws47\">1 year </td><td class=\"t m0 xbf3 h3b y2ed1 ff9f fs8 fc7 sc0 ls58 ws47\">1\u20132 years </td><td class=\"t m0 xbf4 h3b y2ed1 ff9f fs8 fc7 sc0 ls58 ws47\">2\u20133 years </td><td class=\"t m0 xbf5 h3b y2ed1 ff9f fs8 fc7 sc0 ls58 ws47\">3\u20134 years </td><td class=\"t m0 xbf6 h3b y2ed1 ff9f fs8 fc7 sc0 ls58 ws47\">4\u20135 years </td><td class=\"t m0 x347 h3b y2ed1 ff9f fs8 fc7 sc0 ls58 ws47\">5 years </td><td class=\"t m0 x488 h3b y2ed1 ff9f fs8 fc7 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x349 h3b y2ed2 ff9f fs8 fc7 sc0 ls58 ws47\">At 31<span class=\"_ gs234\"> </span>December 2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbf7 h3b y2ed2 ff9f fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbf8 h3b y2ed2 ff9f fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x484 h3b y2ed2 ff9f fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb48 h3b y2ed2 ff9f fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb49 h3b y2ed2 ff9f fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d1 h3b y2ed2 ff9f fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3b y2ed2 ff9f fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2ed3 w1df h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">Overdraft*<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbf9 y2ed3 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">95.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbfa y2ed3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbfb y2ed3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbfc y2ed3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbfd y2ed3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbfe y2ed3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbff y2ed3 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">95.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2ed4 ffa0 fs5 fc7 sc0 ls9 ws1\">Private placement loan </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2ed5 w1e0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">notes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc00 y2ed5 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc01 y2ed5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">88.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc02 y2ed5 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">119.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc03 y2ed5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">45.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc04 y2ed5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">18.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x746 y2ed5 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc05 y2ed5 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">270.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ed6 w1e1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">Interest on loan notes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc06 y2ed6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">15.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc07 y2ed6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">13.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc08 y2ed6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">11.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc09 y2ed6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">2.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc0a y2ed6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">1.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc0b y2ed6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x75f y2ed6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">43.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ed7 w68 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc0c y2ed7 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">71.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc0d y2ed7 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">55.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc0e y2ed7 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">42.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc0f y2ed7 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">35.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc10 y2ed7 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">30.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc11 y2ed7 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">276.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb44 y2ed7 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">512.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ed8 w1da h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">Deferred consideration<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc12 y2ed8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc13 y2ed8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc14 y2ed8 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc15 y2ed8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc16 y2ed8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc17 y2ed8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b2 y2ed8 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c x2be y2ed9 w58 h61\"><div class=\"t m0 x2bd h38 y2c5b ffa0 fs5 fc7 sc0 ls57 ws46\">Put options of non-<span class=\"_ _2b5\"> </span></div><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">controlling interests<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc18 y2ed9 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">8.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc19 y2ed9 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc1a y2ed9 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc1b y2ed9 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc1c y2ed9 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc1d y2ed9 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc1e y2ed9 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">8.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2eda ffa0 fs5 fc7 sc0 ls9 ws1\">Cross-currency </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2edb w13f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc1f y2edb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">1.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc20 y2edb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">1.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc21 y2edb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">1.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x509 y2edb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb55 y2edb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb56 y2edb w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x329 y2edb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">3.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2edc ffa0 fs5 fc7 sc0 ls57 ws46\">Cash flow hedges<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2edd w1e2 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">currency swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc22 y2edd w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">5.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc23 y2edd w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">5.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc24 y2edd w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">5.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc25 y2edd w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">1.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc26 y2edd w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">1.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc27 y2edd w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x529 y2edd w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">18.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2ede ffa0 fs5 fc7 sc0 ls57 ws46\">Cash flow hedges<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2edf w1e3 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">Interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc28 y2edf w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">1.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc29 y2edf w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">1.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc2a y2edf w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc2b y2edf w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc2c y2edf w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc2d y2edf w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d1 y2edf w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">3.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2ee0 ffa0 fs5 fc7 sc0 ls9 ws1\">Other financial </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2c95 w14b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">instruments<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc2e y2c95 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc2f y2c95 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc30 y2c95 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc31 y2c95 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc32 y2c95 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc33 y2c95 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d5 y2c95 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ff9f fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n xc34 y2be6 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ff9f fs5 fc7 sc0 ls57 ws46\">197.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc35 y2be6 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ff9f fs5 fc7 sc0 ls57 ws46\">164.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc36 y2be6 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ff9f fs5 fc7 sc0 ls57 ws46\">180.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc37 y2be6 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff9f fs5 fc7 sc0 ls57 ws46\">85.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc38 y2be6 we9 h5a\"><div class=\"t m0 x2bd h39 y2c43 ff9f fs5 fc7 sc0 ls57 ws46\">52.<span class=\"_ _2a\"></span>2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc39 y2be6 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ff9f fs5 fc7 sc0 ls57 ws46\">276.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc3a y2be6 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ff9f fs5 fc7 sc0 ls57 ws46\">956.0<span class=\"_ _2b5\"> </span></div></td></tr></table>*<span class=\"_ _15\"> </span><span class=\"ls58 ws47\">The Group has a notional cash pool under which the bank may net cash balances wi<span class=\"_ _2a\"></span>th overdrafts held by other Group companies in the </span>arrangements. The overdraft balances shown are fully offset by credit balances in the same arrangement.<span class=\"_ _2b5\"> </span><table class=\"s w1e4 h99\" id=\"_f24360d9-9333-463b-bbb7-bb2b802577c8\"><tr><td></td><td class=\"t m0 xc3b h3a y2ee1 ffa0 fs8 fc7 sc0 ls58 ws47\">Within </td><td class=\"t m0 xc3c h3a y2ee1 ffa0 fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 x4d4 h3a y2ee1 ffa0 fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 xc3d h3a y2ee1 ffa0 fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 xc3e h3a y2ee1 ffa0 fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 xc3f h3a y2ee1 ffa0 fs8 fc7 sc0 ls58 ws47\">More than </td><td></td></tr><tr><td></td><td class=\"t m0 xc3b h3a y2ee2 ffa0 fs8 fc7 sc0 ls58 ws47\">1 year </td><td class=\"t m0 x719 h3a y2ee2 ffa0 fs8 fc7 sc0 ls58 ws47\">1\u20132 years </td><td class=\"t m0 xc40 h3a y2ee2 ffa0 fs8 fc7 sc0 ls58 ws47\">2\u20133 years </td><td class=\"t m0 xc41 h3a y2ee2 ffa0 fs8 fc7 sc0 ls58 ws47\">3\u20134 years </td><td class=\"t m0 xc42 h3a y2ee2 ffa0 fs8 fc7 sc0 ls58 ws47\">4\u20135 years </td><td class=\"t m0 xbc9 h3a y2ee2 ffa0 fs8 fc7 sc0 ls58 ws47\">5 years </td><td class=\"t m0 x345 h3a y2ee2 ffa0 fs8 fc7 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x349 h3a y2ee3 ffa0 fs8 fc7 sc0 ls58 ws47\">At 31<span class=\"_ gs234\"> </span>December 2022<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbf7 h3a y2ee3 ffa0 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbf8 h3a y2ee3 ffa0 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x484 h3a y2ee3 ffa0 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb48 h3a y2ee3 ffa0 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb49 h3a y2ee3 ffa0 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d1 h3a y2ee3 ffa0 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2ee3 ffa0 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2ee4 w1df h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">Overdraft*<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc43 y2ee4 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">219.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc44 y2ee4 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc45 y2ee4 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc46 y2ee4 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc47 y2ee4 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc48 y2ee4 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc49 y2ee4 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">219.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2ee5 ffa0 fs5 fc7 sc0 ls9 ws1\">Private placement loan </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2ee6 w1e0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">notes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc4a y2ee6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">75.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc4b y2ee6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc4c y2ee6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">91.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc4d y2ee6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">34.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc4e y2ee6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">94.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc27 y2ee6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb44 y2ee6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">295.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ee7 w1e1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">Interest on loan notes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc4f y2ee7 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">9.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc50 y2ee7 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">7.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x498 y2ee7 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">6.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc09 y2ee7 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">4.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc0a y2ee7 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">2.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc0b y2ee7 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x75f y2ee7 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">30.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ee8 w68 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc0c y2ee8 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">76.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc0d y2ee8 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">64.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc0e y2ee8 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">49.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc0f y2ee8 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">39.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc10 y2ee8 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">33.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc11 y2ee8 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">296.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb44 y2ee8 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">560.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ee9 w1da h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">Deferred consideration<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc12 y2ee9 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc13 y2ee9 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc51 y2ee9 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x54c y2ee9 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc52 y2ee9 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc17 y2ee9 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x6b2 y2ee9 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c x2be y2eea w58 h61\"><div class=\"t m0 x2bd h38 y2c5b ffa0 fs5 fc7 sc0 ls57 ws46\">Put options of non-<span class=\"_ _2b5\"> </span></div><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">controlling interests<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc18 y2eea w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">9.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc19 y2eea w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc1a y2eea w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc1b y2eea w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc1c y2eea w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc1d y2eea w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc1e y2eea w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">9.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2eeb ffa0 fs5 fc7 sc0 ls9 ws1\">Cross-currency </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2eec w13f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc1f y2eec w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc20 y2eec w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc21 y2eec w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc53 y2eec w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc54 y2eec w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc27 y2eec w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x42c y2eec w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">3.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2eed ffa0 fs5 fc7 sc0 ls9 ws1\">Other financial </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2bfb w14b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">instruments<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc2e y2bfb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc2f y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc30 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc31 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc32 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc33 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d5 y2bfb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n xc34 y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">391.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc55 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">73.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc56 y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">147.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc57 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">79.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc58 y2be6 w56 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">130.<span class=\"_ _2a\"></span>9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc39 y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">296.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc59 y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa0 fs5 fc7 sc0 ls57 ws46\">1,119.3<span class=\"_ _2b5\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfLiquidityRiskExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-528": {
   "value": "<div class=\"t m0 h39 ffa1 fs5 fc6 sc0 ls57 ws46 gs5a7\">4.2.2 Foreign currency risk<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa2 fs5 fc7 sc0 ls9 ws1 gs5a8\">The Group is not generally exposed to significant foreign currency tra<span class=\"_ _1\"></span>nsaction risk with two exceptions.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa2 fs5 fc7 sc0 ls9 ws1 gs5a9\">Firstly, services are provided by the Group\u2019s operations in India, South Africa a<span class=\"_ _1\"></span>nd Poland and incurred in </div><div class=\"t m0 h38 ffa2 fs5 fc7 sc0 ls9 ws1 gs5aa\">Indian rupee (INR), South African rand (ZAR) and Polish zloty (PLN). The Group se<span class=\"_ _1\"></span>eks to mitigate the short </div><div class=\"t m0 h38 ffa2 fs5 fc7 sc0 ls9 ws1 gs5ab\">term effect of this exposure by entering into forward foreign exchange co<span class=\"_ _1\"></span>ntracts to fix the British pounds </div><div class=\"t m0 h38 ffa2 fs5 fc7 sc0 ls9 ws1 gs5ac\">sterling (GBP) cost of highly probable transactions.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa2 fs5 fc7 sc0 ls9 ws1 gs5ad\">At <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span>, the Group held forward foreign exchange contracts against foreca<span class=\"_ _1\"></span>st internal monthly </div><div class=\"t m0 h38 ffa2 fs5 fc7 sc0 ls9 ws1 gs5ae\">INR, ZAR and PLN costs expected in the periods up to and including Decemb<span class=\"_ _1\"></span>er 2024, August 2028, and </div><div class=\"t m0 h38 ffa2 fs5 fc7 sc0 ls9 ws1 gs5af\">December 2026 respectively. These forecast costs have been determin<span class=\"_ _1\"></span>ed on the basis of the underlying </div><div class=\"t m0 h38 ffa2 fs5 fc7 sc0 ls9 ws1 gs5b0\">cash flows associated with the delivery of services under executed customer con<span class=\"_ _1\"></span>tracts.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa2 fs5 fc7 sc0 ls9 ws1 gs5b1\">Secondly, the Group holds foreign exchange forwards against committed<span class=\"_ _1\"></span> costs relating to the purchase of </div><div class=\"t m0 h38 ffa2 fs5 fc7 sc0 ls9 ws1 gs5b2\">cloud software services in US<span class=\"_ gs15\"> </span>dollars (USD) in the periods up to and including Octo<span class=\"_ _1\"></span>ber 2028.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa2 fs5 fc7 sc0 ls9 ws1 gs5b3\">To maximise hedge effectiveness, forward foreign exchange contracts a<span class=\"_ _1\"></span>re executed with terms matching </div><div class=\"t m0 h38 ffa2 fs5 fc7 sc0 ls9 ws1 gs5b4\">the underlying cash flows.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa2 fs5 fc7 sc0 ls9 ws1 gs5b5\">The following table demonstrates the sensitivity of the Group\u2019s profit befo<span class=\"_ _1\"></span>re tax and equity to a 5% </div><div class=\"t m0 h38 ffa2 fs5 fc7 sc0 ls57 ws46 gs5b6\">strengthening/(weakening) in <span class=\"ls9 ws1\">INR, ZAR, PLN, and USD exchange rates, assuming all other variables a<span class=\"_ _1\"></span>re </span></div><div class=\"t m0 h38 ffa2 fs5 fc7 sc0 ls9 ws1 gs5b7\">unchanged, that would arise from the resulting changes in the fa<span class=\"_ _1\"></span>ir value of the Group\u2019s forward exchange </div><div class=\"t m0 h38 ffa2 fs5 fc7 sc0 ls9 ws1 gs5b8\">contracts.<span class=\"_ _2b5\"> </span></div><div class=\"gs5b9\"><table class=\"s w53 h9a\" id=\"_60b4524d-f35e-4eb6-b377-0941b612b202\"><tr><td></td><td class=\"c n xc5a y2eee wc7 h69\"><div class=\"t m0 x2bd h3b y2d37 ffa1 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xc5b y2eee wc7 h69\"><div class=\"t m0 x2bd h3b y2d37 ffa1 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td><td></td></tr><tr><td></td><td class=\"t m0 x545 h3a y2eef ffa2 fs8 fc7 sc0 ls58 ws47\">Effect on profit </td><td class=\"t m0 xc5c h3a y2eef ffa2 fs8 fc7 sc0 ls58 ws47\">Effect on </td><td class=\"t m0 x612 h3a y2eef ffa2 fs8 fc7 sc0 ls58 ws47\">Effect on profit </td><td class=\"t m0 x7a2 h3a y2eef ffa2 fs8 fc7 sc0 ls58 ws47\">Effect on </td></tr><tr><td></td><td class=\"t m0 xaff h3a y2ef0 ffa2 fs8 fc7 sc0 ls58 ws47\">before tax </td><td class=\"t m0 x697 h3a y2ef0 ffa2 fs8 fc7 sc0 ls58 ws47\">equity </td><td class=\"t m0 xc5d h3a y2ef0 ffa2 fs8 fc7 sc0 ls58 ws47\">before tax </td><td class=\"t m0 xb02 h3a y2ef0 ffa2 fs8 fc7 sc0 ls58 ws47\">equity </td></tr><tr><td></td><td class=\"t m0 x8d2 h3a y2ef1 ffa2 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x696 h3a y2ef1 ffa2 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x544 h3a y2ef1 ffa2 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2ef1 ffa2 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2be3 w1e5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">USD<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc5e y2be3 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls57 ws46\">0.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc5f y2be3 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls57 ws46\">4.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc60 y2be3 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc61 y2be3 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be4 w1e6 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">INR<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc62 y2be4 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc63 y2be4 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls57 ws46\">3.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc64 y2be4 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x53d y2be4 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">0.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be5 w1e7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">ZAR<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc65 y2be5 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc66 y2be5 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls57 ws46\">3.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc67 y2be5 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">1.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc68 y2be5 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">PLN<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc69 y2be6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc6a y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc6b y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x43c y2be6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h39 ffa1 fs5 fc6 sc0 ls9 ws1 gs5bb\">4.2.3 Interest rate risk<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa2 fs5 fc7 sc0 ls9 ws1 gs5bc\">The Group manages its interest rate exposure, which arises from the Group<span class=\"_ _1\"></span>\u2019s private placement loan notes, </div><div class=\"t m0 h38 ffa2 fs5 fc7 sc0 ls9 ws1 gs5bd\">cash, deposits and RCF drawings at variable interest rates through cross-cu<span class=\"_ _1\"></span>rrency interest rate swaps and </div><div class=\"t m0 h38 ffa2 fs5 fc7 sc0 ls9 ws1 gs5be\">interest rate swaps. The cross currency interest rate swaps are designated in a<span class=\"_ _1\"></span> mix of fair value and cash </div><div class=\"t m0 h38 ffa2 fs5 fc7 sc0 ls9 ws1 gs5bf\">flow hedges against the fair value changes of the private placemen<span class=\"_ _1\"></span>t loan notes and variability in future cash </div><div class=\"t m0 h38 ffa2 fs5 fc7 sc0 ls9 ws1 gs5c0\">flows.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa2 fs5 fc7 sc0 ls9 ws1 gs5c1\">The net level of floating rate interest exposure is managed, to arrive a<span class=\"_ _1\"></span>t an acceptable overall interest rate </div><div class=\"t m0 h38 ffa2 fs5 fc7 sc0 ls9 ws1 gs5c2\">risk profile. The interest rate profile of the Group\u2019s interest-bearing finan<span class=\"_ _1\"></span>cial instruments was as follows:<span class=\"_ _2b5\"> </span></div><div class=\"gs5c3\"><table class=\"s w1e8 h9b\" id=\"_31a545a9-0482-4979-9bae-a619f3dc2298\"><tr><td class=\"t m0 x349 h3b y2ef2 ffa1 fs8 fc7 sc0 ls58 ws47\">Nominal amounts<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4c9 h3b y2ef2 ffa1 fs8 fc7 sc0 ls58 ws47\">Within </td><td class=\"t m0 xbf0 h3b y2ef2 ffa1 fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 xbf1 h3b y2ef2 ffa1 fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 x48a h3b y2ef2 ffa1 fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 x803 h3b y2ef2 ffa1 fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 xb47 h3b y2ef2 ffa1 fs8 fc7 sc0 ls58 ws47\">More than </td><td></td></tr><tr><td></td><td class=\"t m0 xbf2 h3b y2ef3 ffa1 fs8 fc7 sc0 ls58 ws47\">1 year </td><td class=\"t m0 xbf3 h3b y2ef3 ffa1 fs8 fc7 sc0 ls58 ws47\">1\u20132 years </td><td class=\"t m0 xbf4 h3b y2ef3 ffa1 fs8 fc7 sc0 ls58 ws47\">2\u20133 years </td><td class=\"t m0 xbf5 h3b y2ef3 ffa1 fs8 fc7 sc0 ls58 ws47\">3\u20134 years </td><td class=\"t m0 xbf6 h3b y2ef3 ffa1 fs8 fc7 sc0 ls58 ws47\">4\u20135 years </td><td class=\"t m0 x347 h3b y2ef3 ffa1 fs8 fc7 sc0 ls58 ws47\">5 years </td><td class=\"t m0 x488 h3b y2ef3 ffa1 fs8 fc7 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x349 h3b y2ef4 ffa1 fs8 fc7 sc0 ls58 ws47\">At 31<span class=\"_ gs234\"> </span>December 2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbf7 h3b y2ef4 ffa1 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbf8 h3b y2ef4 ffa1 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x484 h3b y2ef4 ffa1 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb48 h3b y2ef4 ffa1 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb49 h3b y2ef4 ffa1 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d1 h3b y2ef4 ffa1 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3b y2ef4 ffa1 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h39 y2ef5 ffa1 fs5 fc7 sc0 ls57 ws46\">Fixed rate<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x530 h38 y2ef6 ffa2 fs5 fc7 sc0 ls9 ws1\">Private placement </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x531 y2d71 w12c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">loan notes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc6c y2d71 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc6d y2d71 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls57 ws46\">75.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc6e y2d71 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls57 ws46\">119.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc6f y2d71 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls57 ws46\">40.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc70 y2d71 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls57 ws46\">18.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc71 y2d71 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc72 y2d71 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls57 ws46\">254.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h39 y2ef7 ffa1 fs5 fc7 sc0 ls57 ws46\">Floating rate<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x531 y2be5 w1e9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">Cash in hand<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc73 y2be5 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls57 ws46\">(162.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc74 y2be5 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc75 y2be5 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc76 y2be5 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc77 y2be5 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc78 y2be5 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc79 y2be5 w2e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls57 ws46\">(162.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x531 y2be6 w1d8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">Overdraft<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc7a y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls57 ws46\">95.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc7b y2be6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc7c y2be6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc7d y2be6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc7e y2be6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc7f y2be6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc80 y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa1 fs5 fc7 sc0 ls57 ws46\">95.0<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"gs5c4\"><table class=\"s w1e8 h9c\" id=\"_c53af681-77e5-4b3e-addd-bd750e6d5e92\"><tr><td class=\"t m0 x349 h3a y2ef8 ffa2 fs8 fc7 sc0 ls58 ws47\">Nominal amounts<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc3b h3a y2ef8 ffa2 fs8 fc7 sc0 ls58 ws47\">Within </td><td class=\"t m0 xc3c h3a y2ef8 ffa2 fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 x4d4 h3a y2ef8 ffa2 fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 xc3d h3a y2ef8 ffa2 fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 xc3e h3a y2ef8 ffa2 fs8 fc7 sc0 ls58 ws47\">Between </td><td class=\"t m0 xc3f h3a y2ef8 ffa2 fs8 fc7 sc0 ls58 ws47\">More than </td><td></td></tr><tr><td></td><td class=\"t m0 xc3b h3a y2ef9 ffa2 fs8 fc7 sc0 ls58 ws47\">1 year </td><td class=\"t m0 x719 h3a y2ef9 ffa2 fs8 fc7 sc0 ls58 ws47\">1\u20132 years </td><td class=\"t m0 xc40 h3a y2ef9 ffa2 fs8 fc7 sc0 ls58 ws47\">2\u20133 years </td><td class=\"t m0 xc41 h3a y2ef9 ffa2 fs8 fc7 sc0 ls58 ws47\">3\u20134 years </td><td class=\"t m0 xc42 h3a y2ef9 ffa2 fs8 fc7 sc0 ls58 ws47\">4\u20135 years </td><td class=\"t m0 xbc9 h3a y2ef9 ffa2 fs8 fc7 sc0 ls58 ws47\">5 years </td><td class=\"t m0 x345 h3a y2ef9 ffa2 fs8 fc7 sc0 ls58 ws47\">Total </td></tr><tr><td class=\"t m0 x349 h3a y2efa ffa2 fs8 fc7 sc0 ls58 ws47\">At 31<span class=\"_ gs234\"> </span>December 2022<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbf7 h3a y2efa ffa2 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbf8 h3a y2efa ffa2 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x484 h3a y2efa ffa2 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb48 h3a y2efa ffa2 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb49 h3a y2efa ffa2 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d1 h3a y2efa ffa2 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2efa ffa2 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h39 y2efb ffa1 fs5 fc7 sc0 ls57 ws46\">Fixed rate<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x530 h38 y2efc ffa2 fs5 fc7 sc0 ls9 ws1\">Private placement </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x531 y2cb3 w12c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">loan notes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc81 y2cb3 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">27.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc82 y2cb3 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc83 y2cb3 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">29.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc84 y2cb3 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">18.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc85 y2cb3 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">71.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc86 y2cb3 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc87 y2cb3 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">147.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h39 y2efd ffa1 fs5 fc7 sc0 ls57 ws46\">Floating rate<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x531 y2efe w1e9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">Cash in hand<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc73 y2efe w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">(396.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc74 y2efe w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc75 y2efe w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc76 y2efe w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc77 y2efe w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc78 y2efe w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc79 y2efe w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">(396.8)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x531 y2d52 w1d8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">Overdraft<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc88 y2d52 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">219.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc89 y2d52 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc8a y2d52 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc8b y2d52 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc8c y2d52 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc8d y2d52 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc8e y2d52 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">219.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x530 h38 y2eff ffa2 fs5 fc7 sc0 ls9 ws1\">Private placement </td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x531 y2be6 w12c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">loan notes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc81 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">38.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc82 y2be6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc83 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">46.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc84 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">15.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc85 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">17.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc86 y2be6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc87 y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa2 fs5 fc7 sc0 ls57 ws46\">117.6<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ffa2 fs5 fc7 sc0 ls9 ws1 gs216\">A sensitivity analysis to changes in interest rates shows that a 0.5% increase or decre<span class=\"_ _1\"></span>ase in interest rates, </div><div class=\"t m0 h38 ffa2 fs5 fc7 sc0 ls9 ws1 gs217\">assuming all other variables are held constant, results in a \u00a3nil (<span class=\"_ _1\"></span><span class=\"ls57 ws46\">2022<span class=\"ls9 ws1\">: \u00a30.6m) increase or decrease to profit </span></span></div><div class=\"t m0 h38 ffa2 fs5 fc7 sc0 ls9 ws1 gs218\">before tax, and no impact on the Group\u2019s equity.<span class=\"_ _2b5\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfMarketRiskExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-540": {
   "value": "4.2.4 Hedges<span class=\"_ _2b5\"> </span>Fair value hedges<span class=\"_ _2b5\"> </span>The Group\u2019s fixed rate USD and GBP private placement loan notes are hed<span class=\"_ _1\"></span>ged through a combination of cross-currency interest rate swaps. The cross-currency interest rate swaps hedge the<span class=\"_ _1\"></span> exposure to changes in the fair value of US<span class=\"_ gs15\"> </span>dollar denominated loan notes. The loan notes and their corres<span class=\"_ _2a\"></span>ponding swaps have the same critical terms including nominal values and maturity dates.<span class=\"_ _2b5\"> </span>The total <span class=\"ls9 ws1\">loss in the year on the fair value hedges of </span>\u00a311.1m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: <span class=\"_ _1\"></span><span class=\"ls57 ws46\">\u00a33.2m<span class=\"ls9 ws1\"> loss) was equal to the loss</span> on </span></span>the hedged items resulting in no net gain or loss in the income state<span class=\"_ _1\"></span>ment apart from hedge ineffectiveness from credit risk and currency basis risk. This effect of hedge ineffectiveness resulted in<span class=\"_ _1\"></span> a <span class=\"ls57 ws46\">\u00a31.0m</span> credit (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a30.2m</span> <span class=\"ls57 ws46\">debit</span>) to the consolidated income statement, shown in net finance costs, note<span class=\"_ gs15\"> </span>4<span class=\"_ _1\"></span>.3.<span class=\"_ _2b5\"> </span>The impact of the hedged item and the related financial derivatives on the consolidat<span class=\"_ _2a\"></span>ed balance sheet at 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> is as follows:<span class=\"_ _2b5\"> </span></span><table class=\"s w1ea h9d\" id=\"_31687d4a-eeea-4139-9d89-7e12470c6fde\"><tr><td></td><td></td><td class=\"t m0 xc8f h3b y2f00 ffa3 fs8 fc7 sc0 ls58 ws47\">Notional<span class=\"_ _2b5\"> </span></td><td></td><td></td><td class=\"t m0 x6fa h3b y2f00 ffa3 fs8 fc7 sc0 ls58 ws47\">Carrying<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 xc90 h3b y2f01 ffa3 fs8 fc7 sc0 ls58 ws47\">Change in fair<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xafe h3b y2f02 ffa3 fs8 fc7 sc0 ls58 ws47\">amount of the<span class=\"_ _2b5\"> </span></td><td></td><td></td><td class=\"t m0 xb00 h3b y2f02 ffa3 fs8 fc7 sc0 ls58 ws47\">amount of the<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 xc91 h3b y2f03 ffa3 fs8 fc7 sc0 ls58 ws47\">value used for<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xc92 h3b y2f04 ffa3 fs8 fc7 sc0 ls58 ws47\">hedging instrument<span class=\"_ _2b5\"> </span></td><td></td><td></td><td class=\"t m0 xc93 h3b y2f04 ffa3 fs8 fc7 sc0 ls58 ws47\">hedging instrument<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x7a8 h3b y2f05 ffa3 fs8 fc7 sc0 ls58 ws47\">Line item in<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc94 h3b y2f06 ffa3 fs8 fc7 sc0 ls58 ws47\">measuring<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xc95 h3b y2f07 ffa3 fs8 fc7 sc0 ls58 ws47\">Assets<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc96 h3b y2f07 ffa3 fs8 fc7 sc0 ls58 ws47\">Liabilities<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc97 h3b y2f07 ffa3 fs8 fc7 sc0 ls58 ws47\">Assets<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc98 h3b y2f07 ffa3 fs8 fc7 sc0 ls58 ws47\">Liabilities<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x7a8 h3b y2f08 ffa3 fs8 fc7 sc0 ls58 ws47\">the balance<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc99 h3b y2f09 ffa3 fs8 fc7 sc0 ls58 ws47\">ineffectiveness<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y2f0a ffa3 fs5 fc7 sc0 ls57 ws46\">Fair value hedges<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc9a h3b y2f0b ffa3 fs8 fc7 sc0 ls58 ws47\">Hedged risk<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc9b h3b y2f0b ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc9c h3b y2f0b ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc9d h3b y2f0b ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x61a h3b y2f0b ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x7a8 h3b y2f0b ffa3 fs8 fc7 sc0 ls58 ws47\">sheet<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc9e h3b y2f0c ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 xc9f h38 y2f0d ffa4 fs5 fc7 sc0 ls57 ws46\">Foreign </td><td></td><td></td><td></td><td></td><td class=\"t m0 x7a8 h38 y2f0e ffa4 fs5 fc7 sc0 ls57 ws46\">Financial </td><td></td></tr><tr><td class=\"t m0 x2d8 h38 y2f0f ffa4 fs5 fc7 sc0 ls9 ws1\">Cross-currency interest </td><td class=\"t m0 xc9f h38 y2f10 ffa4 fs5 fc7 sc0 ls57 ws46\">exchange </td><td class=\"c n xca0 y2f11 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa3 fs5 fc7 sc0 ls57 ws46\">63.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xca1 y2f11 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa3 fs5 fc7 sc0 ls57 ws46\">15.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xca2 y2f11 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa3 fs5 fc7 sc0 ls57 ws46\">14.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xca3 y2f11 w35 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa3 fs5 fc7 sc0 ls9 ws1\">(0.9)</div></td><td class=\"t m0 x7a8 h38 y2f12 ffa4 fs5 fc7 sc0 ls9 ws1\">assets/</td><td class=\"t m0 xca4 h38 y2f12 ffa4 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _27\"> </span>(11.1) </td></tr><tr><td class=\"t m0 x2d8 h38 y2f13 ffa4 fs5 fc7 sc0 ls9 ws1\">rate swaps<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc9f h38 y2f14 ffa4 fs5 fc7 sc0 ls9 ws1\">risk/ Interest </td><td></td><td></td><td></td><td></td><td class=\"t m0 x7a8 h38 y2f15 ffa4 fs5 fc7 sc0 ls9 ws1\">Liabilities<span class=\"_ _2b5\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 xc9f h38 y2f16 ffa4 fs5 fc7 sc0 ls9 ws1\">rate risk<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table><table class=\"s w1eb h9e\" id=\"_4941986d-caa1-447e-bf5e-9731b5a6eb81\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x69a h3b y2f17 ffa3 fs8 fc7 sc0 ls58 ws47\">Change in fair value<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 xca5 h3b y2f18 ffa3 fs8 fc7 sc0 ls58 ws47\">Carrying </td><td class=\"t m0 xca6 h3b y2f19 ffa3 fs8 fc7 sc0 ls58 ws47\">Accumulated fair<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 x613 h3b y2f1a ffa3 fs8 fc7 sc0 ls58 ws47\">used for measuring<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 xca7 h3b y2f1b ffa3 fs8 fc7 sc0 ls58 ws47\">amount<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xca6 h3b y2f1c ffa3 fs8 fc7 sc0 ls58 ws47\">value adjustment<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x616 h3b y2f1d ffa3 fs8 fc7 sc0 ls58 ws47\">Line item in the<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xca8 h3b y2f1e ffa3 fs8 fc7 sc0 ls58 ws47\">ineffectiveness<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 xca9 h3b y2f1f ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x611 h3b y2f20 ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x616 h3b y2f20 ffa3 fs8 fc7 sc0 ls58 ws47\">balance sheet<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc9e h3b y2f21 ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2be6 w182 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcaa y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">262.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcab y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">13.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcac y2be6 w1ec h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">Financial Liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcad y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls57 ws46\">11.1<span class=\"_ _2b5\"> </span></div></td></tr></table>Cash flow hedges<span class=\"_ _2b5\"> </span>The Group holds the following foreign exchange contracts to man<span class=\"_ _1\"></span>age various exposures across its business operations:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>non-deliverable forward foreign exchang<span class=\"_ _1\"></span>e contracts (NDFs), that are designated as hedges of the highly probable transactions in INR of the Group\u2019s Indian operations. The te<span class=\"_ _1\"></span>rms of the NDFs match the terms of these commitments.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>foreign exchange forward contracts against co<span class=\"_ _1\"></span>mmitted costs relating to the purchase of cloud software services in USD for the periods up to and including October 2028.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>foreign exchange forward contracts against co<span class=\"_ _1\"></span>mmitted costs to manage foreign exchange exposure on services provided by the operations in South Africa, incurred in ZAR, and Pola<span class=\"_ _1\"></span>nd incurred in PLN.<span class=\"_ _2b5\"> </span>Additionally, during <span class=\"ls57 ws46\">2023</span> the Group executed currency and<span class=\"_ _1\"></span> interest rate swaps to mitigate its foreign exchange and interest rate exposure on the private placement loan notes.<span class=\"_ _2b5\"> </span><table class=\"s w1ed h9f\" id=\"_92a1cc3c-1b29-4e0e-89be-e493d9d6b15c\"><tr><td></td><td></td><td></td><td class=\"t m0 xcae h3b y2f22 ffa3 fs8 fc7 sc0 ls58 ws47\">Notional<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 x4ca h3b y2f22 ffa3 fs8 fc7 sc0 ls58 ws47\">Carrying<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 xcaf h3b y2f23 ffa3 fs8 fc7 sc0 ls58 ws47\">Change in fair<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 xcb0 h3b y2f24 ffa3 fs8 fc7 sc0 ls58 ws47\">amount of the<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 x485 h3b y2f24 ffa3 fs8 fc7 sc0 ls58 ws47\">amount of the<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 xcb1 h3b y2f25 ffa3 fs8 fc7 sc0 ls58 ws47\">value used for<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 xcb2 h3b y2f26 ffa3 fs8 fc7 sc0 ls58 ws47\">hedging instrument<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 xcb3 h3b y2f26 ffa3 fs8 fc7 sc0 ls58 ws47\">hedging instrument<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcb4 h3b y2f27 ffa3 fs8 fc7 sc0 ls58 ws47\">Line item in<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcb5 h3b y2f28 ffa3 fs8 fc7 sc0 ls58 ws47\">measuring<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xcb6 h3b y2f29 ffa3 fs8 fc7 sc0 ls58 ws47\">Assets<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d4 h3b y2f29 ffa3 fs8 fc7 sc0 ls58 ws47\">Liabilities<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x48a h3b y2f29 ffa3 fs8 fc7 sc0 ls58 ws47\">Assets<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x80b h3b y2f29 ffa3 fs8 fc7 sc0 ls58 ws47\">Liabilities<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcb4 h3b y2f2a ffa3 fs8 fc7 sc0 ls58 ws47\">the balance<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d8 h3b y2f2b ffa3 fs8 fc7 sc0 ls58 ws47\">ineffectiveness<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h39 y2f2c ffa3 fs5 fc7 sc0 ls57 ws46\">Cash flow hedges<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcb7 h3b y2f2d ffa3 fs8 fc7 sc0 ls58 ws47\">Hedged risk<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcb8 h3b y2f2d ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcb9 h3b y2f2d ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbc8 h3b y2f2d ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc3e h3b y2f2d ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcb4 h3b y2f2e ffa3 fs8 fc7 sc0 ls58 ws47\">sheet<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3b y2f2f ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h38 y2f30 ffa4 fs5 fc7 sc0 ls57 ws46\">Foreign exchange forward </td><td class=\"t m0 xcba h38 y2f31 ffa4 fs5 fc7 sc0 ls57 ws46\">Foreign </td><td></td><td></td><td></td><td></td><td class=\"t m0 xcb4 h38 y2f32 ffa4 fs5 fc7 sc0 ls57 ws46\">Financial </td><td></td></tr><tr><td class=\"t m0 x349 h38 y2f33 ffa4 fs5 fc7 sc0 ls9 ws1\">contracts<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcba h38 y2f34 ffa4 fs5 fc7 sc0 ls57 ws46\">exchange </td><td></td><td></td><td></td><td></td><td class=\"t m0 xcb4 h38 y2f35 ffa4 fs5 fc7 sc0 ls9 ws1\">assets/</td><td></td></tr><tr><td class=\"t m0 x349 h38 y2f36 ffa4 fs5 fc7 sc0 ls9 ws1\"> - forecasted purchases<span class=\"_ _2b5\"> </span></td><td class=\"c n xcbb y2cb1 w1ee h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">risk<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcbc y2cb1 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">50.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcbd y2cb1 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">149.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcbe y2cb1 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">1.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcbf y2cb1 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls9 ws1\">(3.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc0 y2cb1 w1ef h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc1 y2cb1 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">(7.3)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2f37 ffa4 fs5 fc7 sc0 ls9 ws1\">Interest rate swaps<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xcb4 h38 y2f37 ffa4 fs5 fc7 sc0 ls57 ws46\">Financial </td><td></td></tr><tr><td class=\"t m0 x349 h38 y2f38 ffa4 fs5 fc7 sc0 ls9 ws1\"> - private placement loan </td><td class=\"t m0 xcba h38 y2f39 ffa4 fs5 fc7 sc0 ls9 ws1\">Interest </td><td></td><td></td><td></td><td></td><td class=\"t m0 xcb4 h38 y2f38 ffa4 fs5 fc7 sc0 ls9 ws1\">assets/<span class=\"_ _2b5\"> </span></td><td></td></tr><tr><td class=\"t m0 x349 h38 y2f3a ffa4 fs5 fc7 sc0 ls57 ws46\">notes<span class=\"_ _2b5\"> </span></td><td class=\"c n xcbb y2f3b w1f0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">rate risk<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc2 y2f3b w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">32.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc3 y2f3b w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">46.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc4 y2f3b w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc5 y2f3b w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc0 y2f3b w1ef h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc1 y2f3b w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2f3c ffa4 fs5 fc7 sc0 ls9 ws1\">Cross currency swaps<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcba h38 y2f3d ffa4 fs5 fc7 sc0 ls57 ws46\">Foreign </td><td></td><td></td><td></td><td></td><td class=\"t m0 xcb4 h38 y2f3d ffa4 fs5 fc7 sc0 ls57 ws46\">Financial </td><td></td></tr><tr><td class=\"t m0 x349 h38 y2f3e ffa4 fs5 fc7 sc0 ls9 ws1\"> - private placement loan </td><td class=\"t m0 xcba h38 y2f3f ffa4 fs5 fc7 sc0 ls57 ws46\">exchange </td><td></td><td></td><td></td><td></td><td class=\"t m0 xcb4 h38 y2f3f ffa4 fs5 fc7 sc0 ls9 ws1\">assets/<span class=\"_ _2b5\"> </span></td><td></td></tr><tr><td class=\"t m0 x349 h38 y2f40 ffa4 fs5 fc7 sc0 ls57 ws46\">notes<span class=\"_ _2b5\"> </span></td><td class=\"c n xcbb y2f41 w1ee h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">risk<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc6 y2f41 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc7 y2f41 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">51.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc8 y2f41 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc9 y2f41 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls9 ws1\">(1.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc0 y2f41 w1ef h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc1 y2f41 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">(1.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xcca y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">82.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xccb y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">248.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xccc y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">1.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xccd y2be6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls9 ws1\">(5.4)<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xcce y2be6 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">(9.1)<span class=\"_ _2b5\"> </span></div></td></tr></table>The fair value of cash flow hedging instruments held at <span class=\"_ _1\"></span><span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> is shown in note<span class=\"_ gs15\"> </span>4.5.2.<span class=\"_ _2b5\"> </span></span></span>The cash flow hedges have been assessed to be highly effective<span class=\"_ _1\"></span>. The cash flow hedging reserve comprises the effective portion of the cumulative net change in the fair value of th<span class=\"_ _1\"></span>e hedging instruments. The following table provides an analysis of components of equity resulting from cash flo<span class=\"_ _1\"></span>w hedge accounting:<span class=\"_ _2b5\"> </span><table class=\"s w1f1 ha0\" id=\"_06499f53-5b16-4179-8a05-e2ecbcb7383d\"><tr><td></td><td class=\"t m0 x307 h3b y2f42 ffa5 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y2f42 ffa6 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x30a h3b y2f43 ffa5 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2f44 ffa6 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h38 y2f45 ffa6 fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></td><td class=\"c n xccf y2f46 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">4.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcd0 y2f46 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">(0.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c x2be y2f47 w1f2 h61\"><div class=\"t m0 x2bd h38 y2c5b ffa6 fs5 fc7 sc0 ls9 ws1\">Change in fair value recognised in the consolidated statement of o<span class=\"_ _1\"></span>ther<span class=\"_ _2b5\"> </span></div><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">comprehensive income<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e1 y2ebb w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">(8.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcd1 y2ebb w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">11.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2f48 ffa6 fs5 fc7 sc0 ls9 ws1\">Reclassified to the consolidated income statement:<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 xcd2 h38 y2f49 ffa6 fs5 fc7 sc0 ls9 ws1\">recognised in administrative expenses</td><td class=\"t m0 x696 h39 y2f4a ffa5 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(2.0) </td><td class=\"t m0 x47c h38 y2f49 ffa6 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(5.1) </td></tr><tr><td class=\"t m0 x2d8 h38 y2f4b ffa6 fs5 fc7 sc0 ls57 ws46\">Change in tax</td><td class=\"t m0 x696 h39 y2f4c ffa5 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _1a7\"> </span>2.6 </td><td class=\"t m0 x47c h38 y2f4b ffa6 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(1.6) </td></tr><tr><td class=\"t m0 x2d8 h38 y2f4d ffa6 fs5 fc7 sc0 ls9 ws1\">At 31 December</td><td class=\"t m0 x696 h39 y2f4e ffa5 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(3.8) </td><td class=\"t m0 xc9e h38 y2f4d ffa6 fs5 fc7 sc0 ls57 ws46\">4.1<span class=\"_ _2b5\"> </span></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfGeneralHedgeAccountingExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-529": {
   "value": "4.2.4 Hedges<span class=\"_ _2b5\"> </span>Fair value hedges<span class=\"_ _2b5\"> </span>The Group\u2019s fixed rate USD and GBP private placement loan notes are hed<span class=\"_ _1\"></span>ged through a combination of cross-currency interest rate swaps. The cross-currency interest rate swaps hedge the<span class=\"_ _1\"></span> exposure to changes in the fair value of US<span class=\"_ gs15\"> </span>dollar denominated loan notes. The loan notes and their corres<span class=\"_ _2a\"></span>ponding swaps have the same critical terms including nominal values and maturity dates.<span class=\"_ _2b5\"> </span>The total <span class=\"ls9 ws1\">loss in the year on the fair value hedges of </span>\u00a311.1m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: <span class=\"_ _1\"></span><span class=\"ls57 ws46\">\u00a33.2m<span class=\"ls9 ws1\"> loss) was equal to the loss</span> on </span></span>the hedged items resulting in no net gain or loss in the income state<span class=\"_ _1\"></span>ment apart from hedge ineffectiveness from credit risk and currency basis risk. This effect of hedge ineffectiveness resulted in<span class=\"_ _1\"></span> a <span class=\"ls57 ws46\">\u00a31.0m</span> credit (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a30.2m</span> <span class=\"ls57 ws46\">debit</span>) to the consolidated income statement, shown in net finance costs, note<span class=\"_ gs15\"> </span>4<span class=\"_ _1\"></span>.3.<span class=\"_ _2b5\"> </span>The impact of the hedged item and the related financial derivatives on the consolidat<span class=\"_ _2a\"></span>ed balance sheet at 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> is as follows:<span class=\"_ _2b5\"> </span></span><table class=\"s w1ea h9d\" id=\"_31687d4a-eeea-4139-9d89-7e12470c6fde\"><tr><td></td><td></td><td class=\"t m0 xc8f h3b y2f00 ffa3 fs8 fc7 sc0 ls58 ws47\">Notional<span class=\"_ _2b5\"> </span></td><td></td><td></td><td class=\"t m0 x6fa h3b y2f00 ffa3 fs8 fc7 sc0 ls58 ws47\">Carrying<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 xc90 h3b y2f01 ffa3 fs8 fc7 sc0 ls58 ws47\">Change in fair<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xafe h3b y2f02 ffa3 fs8 fc7 sc0 ls58 ws47\">amount of the<span class=\"_ _2b5\"> </span></td><td></td><td></td><td class=\"t m0 xb00 h3b y2f02 ffa3 fs8 fc7 sc0 ls58 ws47\">amount of the<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 xc91 h3b y2f03 ffa3 fs8 fc7 sc0 ls58 ws47\">value used for<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xc92 h3b y2f04 ffa3 fs8 fc7 sc0 ls58 ws47\">hedging instrument<span class=\"_ _2b5\"> </span></td><td></td><td></td><td class=\"t m0 xc93 h3b y2f04 ffa3 fs8 fc7 sc0 ls58 ws47\">hedging instrument<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x7a8 h3b y2f05 ffa3 fs8 fc7 sc0 ls58 ws47\">Line item in<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc94 h3b y2f06 ffa3 fs8 fc7 sc0 ls58 ws47\">measuring<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xc95 h3b y2f07 ffa3 fs8 fc7 sc0 ls58 ws47\">Assets<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc96 h3b y2f07 ffa3 fs8 fc7 sc0 ls58 ws47\">Liabilities<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc97 h3b y2f07 ffa3 fs8 fc7 sc0 ls58 ws47\">Assets<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc98 h3b y2f07 ffa3 fs8 fc7 sc0 ls58 ws47\">Liabilities<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x7a8 h3b y2f08 ffa3 fs8 fc7 sc0 ls58 ws47\">the balance<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc99 h3b y2f09 ffa3 fs8 fc7 sc0 ls58 ws47\">ineffectiveness<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y2f0a ffa3 fs5 fc7 sc0 ls57 ws46\">Fair value hedges<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc9a h3b y2f0b ffa3 fs8 fc7 sc0 ls58 ws47\">Hedged risk<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc9b h3b y2f0b ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc9c h3b y2f0b ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc9d h3b y2f0b ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x61a h3b y2f0b ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x7a8 h3b y2f0b ffa3 fs8 fc7 sc0 ls58 ws47\">sheet<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc9e h3b y2f0c ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 xc9f h38 y2f0d ffa4 fs5 fc7 sc0 ls57 ws46\">Foreign </td><td></td><td></td><td></td><td></td><td class=\"t m0 x7a8 h38 y2f0e ffa4 fs5 fc7 sc0 ls57 ws46\">Financial </td><td></td></tr><tr><td class=\"t m0 x2d8 h38 y2f0f ffa4 fs5 fc7 sc0 ls9 ws1\">Cross-currency interest </td><td class=\"t m0 xc9f h38 y2f10 ffa4 fs5 fc7 sc0 ls57 ws46\">exchange </td><td class=\"c n xca0 y2f11 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa3 fs5 fc7 sc0 ls57 ws46\">63.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xca1 y2f11 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa3 fs5 fc7 sc0 ls57 ws46\">15.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xca2 y2f11 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa3 fs5 fc7 sc0 ls57 ws46\">14.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xca3 y2f11 w35 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa3 fs5 fc7 sc0 ls9 ws1\">(0.9)</div></td><td class=\"t m0 x7a8 h38 y2f12 ffa4 fs5 fc7 sc0 ls9 ws1\">assets/</td><td class=\"t m0 xca4 h38 y2f12 ffa4 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _27\"> </span>(11.1) </td></tr><tr><td class=\"t m0 x2d8 h38 y2f13 ffa4 fs5 fc7 sc0 ls9 ws1\">rate swaps<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc9f h38 y2f14 ffa4 fs5 fc7 sc0 ls9 ws1\">risk/ Interest </td><td></td><td></td><td></td><td></td><td class=\"t m0 x7a8 h38 y2f15 ffa4 fs5 fc7 sc0 ls9 ws1\">Liabilities<span class=\"_ _2b5\"> </span></td><td></td></tr><tr><td></td><td class=\"t m0 xc9f h38 y2f16 ffa4 fs5 fc7 sc0 ls9 ws1\">rate risk<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr></table><table class=\"s w1eb h9e\" id=\"_4941986d-caa1-447e-bf5e-9731b5a6eb81\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x69a h3b y2f17 ffa3 fs8 fc7 sc0 ls58 ws47\">Change in fair value<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 xca5 h3b y2f18 ffa3 fs8 fc7 sc0 ls58 ws47\">Carrying </td><td class=\"t m0 xca6 h3b y2f19 ffa3 fs8 fc7 sc0 ls58 ws47\">Accumulated fair<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 x613 h3b y2f1a ffa3 fs8 fc7 sc0 ls58 ws47\">used for measuring<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 xca7 h3b y2f1b ffa3 fs8 fc7 sc0 ls58 ws47\">amount<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xca6 h3b y2f1c ffa3 fs8 fc7 sc0 ls58 ws47\">value adjustment<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x616 h3b y2f1d ffa3 fs8 fc7 sc0 ls58 ws47\">Line item in the<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xca8 h3b y2f1e ffa3 fs8 fc7 sc0 ls58 ws47\">ineffectiveness<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 xca9 h3b y2f1f ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x611 h3b y2f20 ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x616 h3b y2f20 ffa3 fs8 fc7 sc0 ls58 ws47\">balance sheet<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc9e h3b y2f21 ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2be6 w182 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcaa y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">262.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcab y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">13.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcac y2be6 w1ec h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">Financial Liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcad y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls57 ws46\">11.1<span class=\"_ _2b5\"> </span></div></td></tr></table>Cash flow hedges<span class=\"_ _2b5\"> </span>The Group holds the following foreign exchange contracts to man<span class=\"_ _1\"></span>age various exposures across its business operations:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>non-deliverable forward foreign exchang<span class=\"_ _1\"></span>e contracts (NDFs), that are designated as hedges of the highly probable transactions in INR of the Group\u2019s Indian operations. The te<span class=\"_ _1\"></span>rms of the NDFs match the terms of these commitments.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>foreign exchange forward contracts against co<span class=\"_ _1\"></span>mmitted costs relating to the purchase of cloud software services in USD for the periods up to and including October 2028.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>foreign exchange forward contracts against co<span class=\"_ _1\"></span>mmitted costs to manage foreign exchange exposure on services provided by the operations in South Africa, incurred in ZAR, and Pola<span class=\"_ _1\"></span>nd incurred in PLN.<span class=\"_ _2b5\"> </span>Additionally, during <span class=\"ls57 ws46\">2023</span> the Group executed currency and<span class=\"_ _1\"></span> interest rate swaps to mitigate its foreign exchange and interest rate exposure on the private placement loan notes.<span class=\"_ _2b5\"> </span><table class=\"s w1ed h9f\" id=\"_92a1cc3c-1b29-4e0e-89be-e493d9d6b15c\"><tr><td></td><td></td><td></td><td class=\"t m0 xcae h3b y2f22 ffa3 fs8 fc7 sc0 ls58 ws47\">Notional<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 x4ca h3b y2f22 ffa3 fs8 fc7 sc0 ls58 ws47\">Carrying<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 xcaf h3b y2f23 ffa3 fs8 fc7 sc0 ls58 ws47\">Change in fair<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 xcb0 h3b y2f24 ffa3 fs8 fc7 sc0 ls58 ws47\">amount of the<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 x485 h3b y2f24 ffa3 fs8 fc7 sc0 ls58 ws47\">amount of the<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 xcb1 h3b y2f25 ffa3 fs8 fc7 sc0 ls58 ws47\">value used for<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"t m0 xcb2 h3b y2f26 ffa3 fs8 fc7 sc0 ls58 ws47\">hedging instrument<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 xcb3 h3b y2f26 ffa3 fs8 fc7 sc0 ls58 ws47\">hedging instrument<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcb4 h3b y2f27 ffa3 fs8 fc7 sc0 ls58 ws47\">Line item in<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcb5 h3b y2f28 ffa3 fs8 fc7 sc0 ls58 ws47\">measuring<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 xcb6 h3b y2f29 ffa3 fs8 fc7 sc0 ls58 ws47\">Assets<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d4 h3b y2f29 ffa3 fs8 fc7 sc0 ls58 ws47\">Liabilities<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x48a h3b y2f29 ffa3 fs8 fc7 sc0 ls58 ws47\">Assets<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x80b h3b y2f29 ffa3 fs8 fc7 sc0 ls58 ws47\">Liabilities<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcb4 h3b y2f2a ffa3 fs8 fc7 sc0 ls58 ws47\">the balance<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d8 h3b y2f2b ffa3 fs8 fc7 sc0 ls58 ws47\">ineffectiveness<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h39 y2f2c ffa3 fs5 fc7 sc0 ls57 ws46\">Cash flow hedges<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcb7 h3b y2f2d ffa3 fs8 fc7 sc0 ls58 ws47\">Hedged risk<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcb8 h3b y2f2d ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcb9 h3b y2f2d ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xbc8 h3b y2f2d ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc3e h3b y2f2d ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcb4 h3b y2f2e ffa3 fs8 fc7 sc0 ls58 ws47\">sheet<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3b y2f2f ffa3 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h38 y2f30 ffa4 fs5 fc7 sc0 ls57 ws46\">Foreign exchange forward </td><td class=\"t m0 xcba h38 y2f31 ffa4 fs5 fc7 sc0 ls57 ws46\">Foreign </td><td></td><td></td><td></td><td></td><td class=\"t m0 xcb4 h38 y2f32 ffa4 fs5 fc7 sc0 ls57 ws46\">Financial </td><td></td></tr><tr><td class=\"t m0 x349 h38 y2f33 ffa4 fs5 fc7 sc0 ls9 ws1\">contracts<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcba h38 y2f34 ffa4 fs5 fc7 sc0 ls57 ws46\">exchange </td><td></td><td></td><td></td><td></td><td class=\"t m0 xcb4 h38 y2f35 ffa4 fs5 fc7 sc0 ls9 ws1\">assets/</td><td></td></tr><tr><td class=\"t m0 x349 h38 y2f36 ffa4 fs5 fc7 sc0 ls9 ws1\"> - forecasted purchases<span class=\"_ _2b5\"> </span></td><td class=\"c n xcbb y2cb1 w1ee h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">risk<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcbc y2cb1 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">50.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcbd y2cb1 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">149.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcbe y2cb1 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">1.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcbf y2cb1 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls9 ws1\">(3.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc0 y2cb1 w1ef h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc1 y2cb1 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">(7.3)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2f37 ffa4 fs5 fc7 sc0 ls9 ws1\">Interest rate swaps<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xcb4 h38 y2f37 ffa4 fs5 fc7 sc0 ls57 ws46\">Financial </td><td></td></tr><tr><td class=\"t m0 x349 h38 y2f38 ffa4 fs5 fc7 sc0 ls9 ws1\"> - private placement loan </td><td class=\"t m0 xcba h38 y2f39 ffa4 fs5 fc7 sc0 ls9 ws1\">Interest </td><td></td><td></td><td></td><td></td><td class=\"t m0 xcb4 h38 y2f38 ffa4 fs5 fc7 sc0 ls9 ws1\">assets/<span class=\"_ _2b5\"> </span></td><td></td></tr><tr><td class=\"t m0 x349 h38 y2f3a ffa4 fs5 fc7 sc0 ls57 ws46\">notes<span class=\"_ _2b5\"> </span></td><td class=\"c n xcbb y2f3b w1f0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">rate risk<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc2 y2f3b w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">32.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc3 y2f3b w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">46.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc4 y2f3b w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc5 y2f3b w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc0 y2f3b w1ef h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc1 y2f3b w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y2f3c ffa4 fs5 fc7 sc0 ls9 ws1\">Cross currency swaps<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcba h38 y2f3d ffa4 fs5 fc7 sc0 ls57 ws46\">Foreign </td><td></td><td></td><td></td><td></td><td class=\"t m0 xcb4 h38 y2f3d ffa4 fs5 fc7 sc0 ls57 ws46\">Financial </td><td></td></tr><tr><td class=\"t m0 x349 h38 y2f3e ffa4 fs5 fc7 sc0 ls9 ws1\"> - private placement loan </td><td class=\"t m0 xcba h38 y2f3f ffa4 fs5 fc7 sc0 ls57 ws46\">exchange </td><td></td><td></td><td></td><td></td><td class=\"t m0 xcb4 h38 y2f3f ffa4 fs5 fc7 sc0 ls9 ws1\">assets/<span class=\"_ _2b5\"> </span></td><td></td></tr><tr><td class=\"t m0 x349 h38 y2f40 ffa4 fs5 fc7 sc0 ls57 ws46\">notes<span class=\"_ _2b5\"> </span></td><td class=\"c n xcbb y2f41 w1ee h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">risk<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc6 y2f41 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc7 y2f41 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">51.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc8 y2f41 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc9 y2f41 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls9 ws1\">(1.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc0 y2f41 w1ef h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcc1 y2f41 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">(1.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xcca y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">82.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xccb y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">248.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xccc y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls57 ws46\">1.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xccd y2be6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa3 fs5 fc7 sc0 ls9 ws1\">(5.4)<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xcce y2be6 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa4 fs5 fc7 sc0 ls9 ws1\">(9.1)<span class=\"_ _2b5\"> </span></div></td></tr></table>The fair value of cash flow hedging instruments held at <span class=\"_ _1\"></span><span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> is shown in note<span class=\"_ gs15\"> </span>4.5.2.<span class=\"_ _2b5\"> </span></span></span>The cash flow hedges have been assessed to be highly effective<span class=\"_ _1\"></span>. The cash flow hedging reserve comprises the effective portion of the cumulative net change in the fair value of th<span class=\"_ _1\"></span>e hedging instruments. The following table provides an analysis of components of equity resulting from cash flo<span class=\"_ _1\"></span>w hedge accounting:<span class=\"_ _2b5\"> </span><table class=\"s w1f1 ha0\" id=\"_06499f53-5b16-4179-8a05-e2ecbcb7383d\"><tr><td></td><td class=\"t m0 x307 h3b y2f42 ffa5 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y2f42 ffa6 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x30a h3b y2f43 ffa5 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2f44 ffa6 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h38 y2f45 ffa6 fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></td><td class=\"c n xccf y2f46 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">4.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcd0 y2f46 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">(0.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c x2be y2f47 w1f2 h61\"><div class=\"t m0 x2bd h38 y2c5b ffa6 fs5 fc7 sc0 ls9 ws1\">Change in fair value recognised in the consolidated statement of o<span class=\"_ _1\"></span>ther<span class=\"_ _2b5\"> </span></div><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">comprehensive income<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e1 y2ebb w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">(8.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcd1 y2ebb w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">11.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y2f48 ffa6 fs5 fc7 sc0 ls9 ws1\">Reclassified to the consolidated income statement:<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"t m0 xcd2 h38 y2f49 ffa6 fs5 fc7 sc0 ls9 ws1\">recognised in administrative expenses</td><td class=\"t m0 x696 h39 y2f4a ffa5 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(2.0) </td><td class=\"t m0 x47c h38 y2f49 ffa6 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(5.1) </td></tr><tr><td class=\"t m0 x2d8 h38 y2f4b ffa6 fs5 fc7 sc0 ls57 ws46\">Change in tax</td><td class=\"t m0 x696 h39 y2f4c ffa5 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _1a7\"> </span>2.6 </td><td class=\"t m0 x47c h38 y2f4b ffa6 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(1.6) </td></tr><tr><td class=\"t m0 x2d8 h38 y2f4d ffa6 fs5 fc7 sc0 ls9 ws1\">At 31 December</td><td class=\"t m0 x696 h39 y2f4e ffa5 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(3.8) </td><td class=\"t m0 xc9e h38 y2f4d ffa6 fs5 fc7 sc0 ls57 ws46\">4.1<span class=\"_ _2b5\"> </span></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfHedgeAccountingExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-530": {
   "value": "4.2.5 Credit risk<span class=\"_ _2b5\"> </span>The carrying values of the Group\u2019s financial assets and contract assets rep<span class=\"_ _1\"></span>resent its maximum credit exposure.<span class=\"_ _2b5\"> </span>The mark-to-market movement on derivatives includes the extent to which the<span class=\"_ _1\"></span> fair value of these instruments has been affected by the perceived change in the cred<span class=\"_ _1\"></span>itworthiness of the counterparties (ie the expected credit losses) to those instruments and that of the Group itself (own<span class=\"_ _1\"></span> credit risk). The Group is comfortable that the risk attached to those counterparties is not significan<span class=\"_ _1\"></span>t and believes that the swaps continue to act as an effective hedge against the movements in the fa<span class=\"_ _1\"></span>ir value of the Group\u2019s private placement loan notes.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCreditRiskExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-509": {
   "value": "<div class=\"t m0 h37 ffa5 fs3 fc6 sc0 ls9 ws1 gs5ea\">4.3 Net finance costs<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffa6 fs5 fc7 sc0 ls9 ws1 gs5eb\">The table below shows the composition of net finance costs, including th<span class=\"_ _1\"></span>ose excluded from adjusted profit:<span class=\"_ _2b5\"> </span></div><div class=\"gs5ec\"><table class=\"s w1f3 ha1\" id=\"_424ff188-f5f4-4c15-b209-bf0ebe7af64f\"><tr><td></td><td></td><td class=\"t m0 x344 h3b y2f4f ffa5 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x345 h3a y2f50 ffa6 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x346 h3a y2f51 ffa6 fs8 fc7 sc0 ls58 ws47\">Notes<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x347 h3b y2f52 ffa5 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2f53 ffa6 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h39 y2f54 ffa5 fs5 fc7 sc0 ls57 ws46\">Interest income<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xcd3 h38 y2f55 ffa6 fs5 fc7 sc0 ls9 ws1\">Interest on cash</td><td></td><td class=\"t m0 x71c h39 y2f56 ffa5 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(1.9) </td><td class=\"t m0 x492 h38 y2f55 ffa6 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(1.1) </td></tr><tr><td class=\"c n xcd4 y2f57 w1f4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Interest on finance lease assets<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xcd5 y2f57 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">(4.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcd6 y2f57 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">(4.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xcd4 y2f58 w1f5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Net interest income on defined benefit pension schemes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcd7 y2f58 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcd8 y2f58 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">(2.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcd9 y2f58 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">(3.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2f59 w1f6 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls57 ws46\">Total interest income<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x43d y2f59 w35 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls9 ws1\">(8.7)</div></td><td class=\"t m0 x492 h38 y2f5a ffa6 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(8.9) </td></tr><tr><td class=\"t m0 x349 h39 y2f5b ffa5 fs5 fc7 sc0 ls57 ws46\">Interest expense<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xcd3 h38 y2f5c ffa6 fs5 fc7 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2b5\"> </span></td><td></td><td class=\"c n x9cc y2f5d w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">16.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9cd y2f5d w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">12.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xcd4 y2f5e w1f7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">Bank loans and overdrafts<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xcda y2f5e w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">14.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcdb y2f5e w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">8.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xcd4 y2f5f w15f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Cost of non-recourse trade receivables financing<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcdc y2f5f w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">3.1.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcdd y2f5f w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">3.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcde y2f5f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xcd4 y2f60 wa0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Interest on finance lease liabilities<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xcdf y2f60 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">22.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xce0 y2f60 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">22.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xcd4 y2f61 w1f8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Discount unwind on provisions<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xce1 y2f61 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">3.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xce2 y2f61 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">2.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xce3 y2f61 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2f62 w1f9 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls57 ws46\">Total interest expense<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x44e y2f62 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls57 ws46\">58.7</div></td><td class=\"t m0 x492 h38 y2f63 ffa6 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _48\"> </span>42.9 </td></tr><tr><td class=\"c n x2be y2f64 w1fa h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">Net finance expense included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xce4 y2f64 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">50.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xce5 y2f64 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">34.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h39 y2f65 ffa5 fs5 fc7 sc0 ls57 ws46\">Included within business exits<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n xcd4 y2f66 w1f7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">Bank loans and overdrafts<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xce6 y2f66 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"t m0 x492 h4f y2f67 ffa7 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _1a7\"> </span>1.0 </td></tr><tr><td class=\"c n xcd4 y2f68 wa0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Interest on finance lease liabilities<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xce7 y2f68 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"t m0 x492 h4f y2f69 ffa7 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _1a7\"> </span>0.1 </td></tr><tr><td class=\"t m0 x349 h39 y2f6a ffa5 fs5 fc7 sc0 ls9 ws1\">Other items excluded from adjusted profits<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xcd3 h38 y2f6b ffa6 fs5 fc7 sc0 ls57 ws46\">Non-designated foreign exchange forward contracts \u2013 change </td><td></td><td></td><td></td></tr><tr><td class=\"c n xcd4 y2f6c w1fb h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">in mark-to-market value<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xce8 y2f6c w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">3.2</div></td><td class=\"t m0 x492 h4f y2f6d ffa7 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(3.6) </td></tr><tr><td class=\"c xcd4 y2f6e w1fc h63\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">Fair value hedge ineffectiveness</div><div class=\"t m0 xce9 h3e y2c7e ffa6 fs1c fc7 sc0 ls9 ws1\">2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcea y2f6f w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">4.2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xceb y2f6f w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">(1.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x827 y2f6f w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2f70 w1fd h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls57 ws46\">Net finance expense/(income) excluded from adjusted profit<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xcec y2f70 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls57 ws46\">2.2</div></td><td class=\"t m0 x492 h38 y2f71 ffa6 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(2.3) </td></tr><tr><td class=\"c n x2be y2be6 w1fe h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">Total net finance expense<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x323 y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">52.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x324 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">31.7<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h3e ffa6 fs1c fc7 sc0 ls9 ws1 gs5ed\">1<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3a ffa6 fs8 fc7 sc0 ls58 ws47 gs5ee\">1.<span class=\"_ _9\"> </span>Private placement loan notes comprise US<span class=\"_ gs234\"> </span>dollar and British pound sterling private placement loan notes, and the euro fixed rate bearer </div><div class=\"t m0 h3a ffa6 fs8 fc7 sc0 ls58 ws47 gs5ef\">notes which were repaid during 2023.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3a ffa6 fs8 fc7 sc0 ls58 ws47 gs5f0\">2.<span class=\"_ _9\"> </span>Fair value hedge ineffectiveness arises from changes in currency basis, and the movement in a provision for counterparty ris<span class=\"_ _2a\"></span>k associated </div><div class=\"t m0 h3a ffa6 fs8 fc7 sc0 ls58 ws47 gs5f1\">with the swaps.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-548": {
   "value": "4.3 Net finance costs<span class=\"_ _2b5\"> </span>The table below shows the composition of net finance costs, including th<span class=\"_ _1\"></span>ose excluded from adjusted profit:<span class=\"_ _2b5\"> </span><table class=\"s w1f3 ha1\" id=\"_424ff188-f5f4-4c15-b209-bf0ebe7af64f\"><tr><td></td><td></td><td class=\"t m0 x344 h3b y2f4f ffa5 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x345 h3a y2f50 ffa6 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x346 h3a y2f51 ffa6 fs8 fc7 sc0 ls58 ws47\">Notes<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x347 h3b y2f52 ffa5 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2f53 ffa6 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h39 y2f54 ffa5 fs5 fc7 sc0 ls57 ws46\">Interest income<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xcd3 h38 y2f55 ffa6 fs5 fc7 sc0 ls9 ws1\">Interest on cash</td><td></td><td class=\"t m0 x71c h39 y2f56 ffa5 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(1.9) </td><td class=\"t m0 x492 h38 y2f55 ffa6 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(1.1) </td></tr><tr><td class=\"c n xcd4 y2f57 w1f4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Interest on finance lease assets<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xcd5 y2f57 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">(4.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcd6 y2f57 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">(4.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xcd4 y2f58 w1f5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Net interest income on defined benefit pension schemes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcd7 y2f58 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcd8 y2f58 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">(2.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcd9 y2f58 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">(3.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2f59 w1f6 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls57 ws46\">Total interest income<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x43d y2f59 w35 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls9 ws1\">(8.7)</div></td><td class=\"t m0 x492 h38 y2f5a ffa6 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(8.9) </td></tr><tr><td class=\"t m0 x349 h39 y2f5b ffa5 fs5 fc7 sc0 ls57 ws46\">Interest expense<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xcd3 h38 y2f5c ffa6 fs5 fc7 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2b5\"> </span></td><td></td><td class=\"c n x9cc y2f5d w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">16.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9cd y2f5d w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">12.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xcd4 y2f5e w1f7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">Bank loans and overdrafts<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xcda y2f5e w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">14.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcdb y2f5e w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">8.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xcd4 y2f5f w15f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Cost of non-recourse trade receivables financing<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcdc y2f5f w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">3.1.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcdd y2f5f w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">3.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcde y2f5f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xcd4 y2f60 wa0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Interest on finance lease liabilities<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xcdf y2f60 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">22.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xce0 y2f60 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">22.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xcd4 y2f61 w1f8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Discount unwind on provisions<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xce1 y2f61 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">3.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xce2 y2f61 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">2.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xce3 y2f61 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2f62 w1f9 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls57 ws46\">Total interest expense<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x44e y2f62 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls57 ws46\">58.7</div></td><td class=\"t m0 x492 h38 y2f63 ffa6 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _48\"> </span>42.9 </td></tr><tr><td class=\"c n x2be y2f64 w1fa h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">Net finance expense included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xce4 y2f64 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">50.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xce5 y2f64 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">34.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h39 y2f65 ffa5 fs5 fc7 sc0 ls57 ws46\">Included within business exits<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n xcd4 y2f66 w1f7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">Bank loans and overdrafts<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xce6 y2f66 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"t m0 x492 h4f y2f67 ffa7 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _1a7\"> </span>1.0 </td></tr><tr><td class=\"c n xcd4 y2f68 wa0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Interest on finance lease liabilities<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xce7 y2f68 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"t m0 x492 h4f y2f69 ffa7 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _1a7\"> </span>0.1 </td></tr><tr><td class=\"t m0 x349 h39 y2f6a ffa5 fs5 fc7 sc0 ls9 ws1\">Other items excluded from adjusted profits<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xcd3 h38 y2f6b ffa6 fs5 fc7 sc0 ls57 ws46\">Non-designated foreign exchange forward contracts \u2013 change </td><td></td><td></td><td></td></tr><tr><td class=\"c n xcd4 y2f6c w1fb h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">in mark-to-market value<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xce8 y2f6c w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">3.2</div></td><td class=\"t m0 x492 h4f y2f6d ffa7 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(3.6) </td></tr><tr><td class=\"c xcd4 y2f6e w1fc h63\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">Fair value hedge ineffectiveness</div><div class=\"t m0 xce9 h3e y2c7e ffa6 fs1c fc7 sc0 ls9 ws1\">2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcea y2f6f w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">4.2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xceb y2f6f w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">(1.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x827 y2f6f w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2f70 w1fd h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls57 ws46\">Net finance expense/(income) excluded from adjusted profit<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xcec y2f70 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls57 ws46\">2.2</div></td><td class=\"t m0 x492 h38 y2f71 ffa6 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(2.3) </td></tr><tr><td class=\"c n x2be y2be6 w1fe h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">Total net finance expense<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x323 y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">52.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x324 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">31.7<span class=\"_ _2b5\"> </span></div></td></tr></table>1<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span>Private placement loan notes comprise US<span class=\"_ gs234\"> </span>dollar and British pound sterling private placement loan notes, and the euro fixed rate bearer notes which were repaid during 2023.<span class=\"_ _2b5\"> </span>2.<span class=\"_ _9\"> </span>Fair value hedge ineffectiveness arises from changes in currency basis, and the movement in a provision for counterparty ris<span class=\"_ _2a\"></span>k associated with the swaps.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestExpenseExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-545": {
   "value": "4.3 Net finance costs<span class=\"_ _2b5\"> </span>The table below shows the composition of net finance costs, including th<span class=\"_ _1\"></span>ose excluded from adjusted profit:<span class=\"_ _2b5\"> </span><table class=\"s w1f3 ha1\" id=\"_424ff188-f5f4-4c15-b209-bf0ebe7af64f\"><tr><td></td><td></td><td class=\"t m0 x344 h3b y2f4f ffa5 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x345 h3a y2f50 ffa6 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x346 h3a y2f51 ffa6 fs8 fc7 sc0 ls58 ws47\">Notes<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x347 h3b y2f52 ffa5 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2f53 ffa6 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h39 y2f54 ffa5 fs5 fc7 sc0 ls57 ws46\">Interest income<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xcd3 h38 y2f55 ffa6 fs5 fc7 sc0 ls9 ws1\">Interest on cash</td><td></td><td class=\"t m0 x71c h39 y2f56 ffa5 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(1.9) </td><td class=\"t m0 x492 h38 y2f55 ffa6 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(1.1) </td></tr><tr><td class=\"c n xcd4 y2f57 w1f4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Interest on finance lease assets<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xcd5 y2f57 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">(4.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcd6 y2f57 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">(4.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xcd4 y2f58 w1f5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Net interest income on defined benefit pension schemes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcd7 y2f58 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcd8 y2f58 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">(2.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcd9 y2f58 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">(3.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2f59 w1f6 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls57 ws46\">Total interest income<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x43d y2f59 w35 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls9 ws1\">(8.7)</div></td><td class=\"t m0 x492 h38 y2f5a ffa6 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(8.9) </td></tr><tr><td class=\"t m0 x349 h39 y2f5b ffa5 fs5 fc7 sc0 ls57 ws46\">Interest expense<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xcd3 h38 y2f5c ffa6 fs5 fc7 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2b5\"> </span></td><td></td><td class=\"c n x9cc y2f5d w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">16.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9cd y2f5d w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">12.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xcd4 y2f5e w1f7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">Bank loans and overdrafts<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xcda y2f5e w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">14.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcdb y2f5e w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">8.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xcd4 y2f5f w15f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Cost of non-recourse trade receivables financing<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcdc y2f5f w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">3.1.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcdd y2f5f w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">3.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcde y2f5f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xcd4 y2f60 wa0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Interest on finance lease liabilities<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xcdf y2f60 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">22.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xce0 y2f60 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">22.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xcd4 y2f61 w1f8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Discount unwind on provisions<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xce1 y2f61 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">3.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xce2 y2f61 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">2.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xce3 y2f61 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2f62 w1f9 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls57 ws46\">Total interest expense<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x44e y2f62 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls57 ws46\">58.7</div></td><td class=\"t m0 x492 h38 y2f63 ffa6 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _48\"> </span>42.9 </td></tr><tr><td class=\"c n x2be y2f64 w1fa h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">Net finance expense included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xce4 y2f64 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">50.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xce5 y2f64 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">34.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h39 y2f65 ffa5 fs5 fc7 sc0 ls57 ws46\">Included within business exits<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n xcd4 y2f66 w1f7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">Bank loans and overdrafts<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xce6 y2f66 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"t m0 x492 h4f y2f67 ffa7 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _1a7\"> </span>1.0 </td></tr><tr><td class=\"c n xcd4 y2f68 wa0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Interest on finance lease liabilities<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xce7 y2f68 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"t m0 x492 h4f y2f69 ffa7 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _1a7\"> </span>0.1 </td></tr><tr><td class=\"t m0 x349 h39 y2f6a ffa5 fs5 fc7 sc0 ls9 ws1\">Other items excluded from adjusted profits<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xcd3 h38 y2f6b ffa6 fs5 fc7 sc0 ls57 ws46\">Non-designated foreign exchange forward contracts \u2013 change </td><td></td><td></td><td></td></tr><tr><td class=\"c n xcd4 y2f6c w1fb h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">in mark-to-market value<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xce8 y2f6c w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">3.2</div></td><td class=\"t m0 x492 h4f y2f6d ffa7 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(3.6) </td></tr><tr><td class=\"c xcd4 y2f6e w1fc h63\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">Fair value hedge ineffectiveness</div><div class=\"t m0 xce9 h3e y2c7e ffa6 fs1c fc7 sc0 ls9 ws1\">2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcea y2f6f w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">4.2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xceb y2f6f w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">(1.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x827 y2f6f w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2f70 w1fd h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls57 ws46\">Net finance expense/(income) excluded from adjusted profit<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xcec y2f70 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls57 ws46\">2.2</div></td><td class=\"t m0 x492 h38 y2f71 ffa6 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(2.3) </td></tr><tr><td class=\"c n x2be y2be6 w1fe h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">Total net finance expense<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x323 y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">52.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x324 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">31.7<span class=\"_ _2b5\"> </span></div></td></tr></table>1<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span>Private placement loan notes comprise US<span class=\"_ gs234\"> </span>dollar and British pound sterling private placement loan notes, and the euro fixed rate bearer notes which were repaid during 2023.<span class=\"_ _2b5\"> </span>2.<span class=\"_ _9\"> </span>Fair value hedge ineffectiveness arises from changes in currency basis, and the movement in a provision for counterparty ris<span class=\"_ _2a\"></span>k associated with the swaps.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-541": {
   "value": "4.3 Net finance costs<span class=\"_ _2b5\"> </span>The table below shows the composition of net finance costs, including th<span class=\"_ _1\"></span>ose excluded from adjusted profit:<span class=\"_ _2b5\"> </span><table class=\"s w1f3 ha1\" id=\"_424ff188-f5f4-4c15-b209-bf0ebe7af64f\"><tr><td></td><td></td><td class=\"t m0 x344 h3b y2f4f ffa5 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x345 h3a y2f50 ffa6 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x346 h3a y2f51 ffa6 fs8 fc7 sc0 ls58 ws47\">Notes<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x347 h3b y2f52 ffa5 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2f53 ffa6 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h39 y2f54 ffa5 fs5 fc7 sc0 ls57 ws46\">Interest income<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xcd3 h38 y2f55 ffa6 fs5 fc7 sc0 ls9 ws1\">Interest on cash</td><td></td><td class=\"t m0 x71c h39 y2f56 ffa5 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(1.9) </td><td class=\"t m0 x492 h38 y2f55 ffa6 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(1.1) </td></tr><tr><td class=\"c n xcd4 y2f57 w1f4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Interest on finance lease assets<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xcd5 y2f57 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">(4.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcd6 y2f57 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">(4.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xcd4 y2f58 w1f5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Net interest income on defined benefit pension schemes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcd7 y2f58 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcd8 y2f58 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">(2.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcd9 y2f58 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">(3.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2f59 w1f6 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls57 ws46\">Total interest income<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x43d y2f59 w35 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls9 ws1\">(8.7)</div></td><td class=\"t m0 x492 h38 y2f5a ffa6 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(8.9) </td></tr><tr><td class=\"t m0 x349 h39 y2f5b ffa5 fs5 fc7 sc0 ls57 ws46\">Interest expense<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xcd3 h38 y2f5c ffa6 fs5 fc7 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2b5\"> </span></td><td></td><td class=\"c n x9cc y2f5d w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">16.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9cd y2f5d w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">12.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xcd4 y2f5e w1f7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">Bank loans and overdrafts<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xcda y2f5e w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">14.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcdb y2f5e w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">8.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xcd4 y2f5f w15f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Cost of non-recourse trade receivables financing<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcdc y2f5f w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">3.1.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcdd y2f5f w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">3.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcde y2f5f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xcd4 y2f60 wa0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Interest on finance lease liabilities<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xcdf y2f60 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">22.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xce0 y2f60 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">22.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xcd4 y2f61 w1f8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Discount unwind on provisions<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xce1 y2f61 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">3.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xce2 y2f61 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">2.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xce3 y2f61 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2f62 w1f9 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls57 ws46\">Total interest expense<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x44e y2f62 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls57 ws46\">58.7</div></td><td class=\"t m0 x492 h38 y2f63 ffa6 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _48\"> </span>42.9 </td></tr><tr><td class=\"c n x2be y2f64 w1fa h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">Net finance expense included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xce4 y2f64 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">50.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xce5 y2f64 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">34.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h39 y2f65 ffa5 fs5 fc7 sc0 ls57 ws46\">Included within business exits<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n xcd4 y2f66 w1f7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">Bank loans and overdrafts<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xce6 y2f66 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"t m0 x492 h4f y2f67 ffa7 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _1a7\"> </span>1.0 </td></tr><tr><td class=\"c n xcd4 y2f68 wa0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Interest on finance lease liabilities<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xce7 y2f68 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"t m0 x492 h4f y2f69 ffa7 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _1a7\"> </span>0.1 </td></tr><tr><td class=\"t m0 x349 h39 y2f6a ffa5 fs5 fc7 sc0 ls9 ws1\">Other items excluded from adjusted profits<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xcd3 h38 y2f6b ffa6 fs5 fc7 sc0 ls57 ws46\">Non-designated foreign exchange forward contracts \u2013 change </td><td></td><td></td><td></td></tr><tr><td class=\"c n xcd4 y2f6c w1fb h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">in mark-to-market value<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xce8 y2f6c w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">3.2</div></td><td class=\"t m0 x492 h4f y2f6d ffa7 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(3.6) </td></tr><tr><td class=\"c xcd4 y2f6e w1fc h63\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">Fair value hedge ineffectiveness</div><div class=\"t m0 xce9 h3e y2c7e ffa6 fs1c fc7 sc0 ls9 ws1\">2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcea y2f6f w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">4.2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xceb y2f6f w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">(1.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x827 y2f6f w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2f70 w1fd h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls57 ws46\">Net finance expense/(income) excluded from adjusted profit<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xcec y2f70 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls57 ws46\">2.2</div></td><td class=\"t m0 x492 h38 y2f71 ffa6 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(2.3) </td></tr><tr><td class=\"c n x2be y2be6 w1fe h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">Total net finance expense<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x323 y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">52.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x324 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">31.7<span class=\"_ _2b5\"> </span></div></td></tr></table>1<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span>Private placement loan notes comprise US<span class=\"_ gs234\"> </span>dollar and British pound sterling private placement loan notes, and the euro fixed rate bearer notes which were repaid during 2023.<span class=\"_ _2b5\"> </span>2.<span class=\"_ _9\"> </span>Fair value hedge ineffectiveness arises from changes in currency basis, and the movement in a provision for counterparty ris<span class=\"_ _2a\"></span>k associated with the swaps.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInterestIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-531": {
   "value": "4.3 Net finance costs<span class=\"_ _2b5\"> </span>The table below shows the composition of net finance costs, including th<span class=\"_ _1\"></span>ose excluded from adjusted profit:<span class=\"_ _2b5\"> </span><table class=\"s w1f3 ha1\" id=\"_424ff188-f5f4-4c15-b209-bf0ebe7af64f\"><tr><td></td><td></td><td class=\"t m0 x344 h3b y2f4f ffa5 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x345 h3a y2f50 ffa6 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x346 h3a y2f51 ffa6 fs8 fc7 sc0 ls58 ws47\">Notes<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x347 h3b y2f52 ffa5 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2f53 ffa6 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h39 y2f54 ffa5 fs5 fc7 sc0 ls57 ws46\">Interest income<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xcd3 h38 y2f55 ffa6 fs5 fc7 sc0 ls9 ws1\">Interest on cash</td><td></td><td class=\"t m0 x71c h39 y2f56 ffa5 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(1.9) </td><td class=\"t m0 x492 h38 y2f55 ffa6 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(1.1) </td></tr><tr><td class=\"c n xcd4 y2f57 w1f4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Interest on finance lease assets<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xcd5 y2f57 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">(4.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcd6 y2f57 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">(4.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xcd4 y2f58 w1f5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Net interest income on defined benefit pension schemes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcd7 y2f58 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcd8 y2f58 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">(2.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcd9 y2f58 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">(3.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2f59 w1f6 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls57 ws46\">Total interest income<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x43d y2f59 w35 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls9 ws1\">(8.7)</div></td><td class=\"t m0 x492 h38 y2f5a ffa6 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(8.9) </td></tr><tr><td class=\"t m0 x349 h39 y2f5b ffa5 fs5 fc7 sc0 ls57 ws46\">Interest expense<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xcd3 h38 y2f5c ffa6 fs5 fc7 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2b5\"> </span></td><td></td><td class=\"c n x9cc y2f5d w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">16.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9cd y2f5d w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">12.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xcd4 y2f5e w1f7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">Bank loans and overdrafts<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xcda y2f5e w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">14.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcdb y2f5e w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">8.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xcd4 y2f5f w15f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Cost of non-recourse trade receivables financing<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcdc y2f5f w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">3.1.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcdd y2f5f w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">3.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcde y2f5f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xcd4 y2f60 wa0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Interest on finance lease liabilities<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xcdf y2f60 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">22.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xce0 y2f60 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">22.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xcd4 y2f61 w1f8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Discount unwind on provisions<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xce1 y2f61 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">3.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xce2 y2f61 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">2.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xce3 y2f61 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2f62 w1f9 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls57 ws46\">Total interest expense<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x44e y2f62 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls57 ws46\">58.7</div></td><td class=\"t m0 x492 h38 y2f63 ffa6 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _48\"> </span>42.9 </td></tr><tr><td class=\"c n x2be y2f64 w1fa h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">Net finance expense included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xce4 y2f64 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">50.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xce5 y2f64 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">34.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h39 y2f65 ffa5 fs5 fc7 sc0 ls57 ws46\">Included within business exits<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n xcd4 y2f66 w1f7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">Bank loans and overdrafts<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xce6 y2f66 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"t m0 x492 h4f y2f67 ffa7 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _1a7\"> </span>1.0 </td></tr><tr><td class=\"c n xcd4 y2f68 wa0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Interest on finance lease liabilities<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xce7 y2f68 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"t m0 x492 h4f y2f69 ffa7 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _1a7\"> </span>0.1 </td></tr><tr><td class=\"t m0 x349 h39 y2f6a ffa5 fs5 fc7 sc0 ls9 ws1\">Other items excluded from adjusted profits<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xcd3 h38 y2f6b ffa6 fs5 fc7 sc0 ls57 ws46\">Non-designated foreign exchange forward contracts \u2013 change </td><td></td><td></td><td></td></tr><tr><td class=\"c n xcd4 y2f6c w1fb h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">in mark-to-market value<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xce8 y2f6c w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">3.2</div></td><td class=\"t m0 x492 h4f y2f6d ffa7 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(3.6) </td></tr><tr><td class=\"c xcd4 y2f6e w1fc h63\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">Fair value hedge ineffectiveness</div><div class=\"t m0 xce9 h3e y2c7e ffa6 fs1c fc7 sc0 ls9 ws1\">2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcea y2f6f w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">4.2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xceb y2f6f w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">(1.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x827 y2f6f w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2f70 w1fd h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls57 ws46\">Net finance expense/(income) excluded from adjusted profit<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xcec y2f70 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls57 ws46\">2.2</div></td><td class=\"t m0 x492 h38 y2f71 ffa6 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(2.3) </td></tr><tr><td class=\"c n x2be y2be6 w1fe h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">Total net finance expense<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x323 y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">52.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x324 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">31.7<span class=\"_ _2b5\"> </span></div></td></tr></table>1<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span>Private placement loan notes comprise US<span class=\"_ gs234\"> </span>dollar and British pound sterling private placement loan notes, and the euro fixed rate bearer notes which were repaid during 2023.<span class=\"_ _2b5\"> </span>2.<span class=\"_ _9\"> </span>Fair value hedge ineffectiveness arises from changes in currency basis, and the movement in a provision for counterparty ris<span class=\"_ _2a\"></span>k associated with the swaps.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceCostExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-484": {
   "value": "4.3 Net finance costs<span class=\"_ _2b5\"> </span>The table below shows the composition of net finance costs, including th<span class=\"_ _1\"></span>ose excluded from adjusted profit:<span class=\"_ _2b5\"> </span><table class=\"s w1f3 ha1\" id=\"_424ff188-f5f4-4c15-b209-bf0ebe7af64f\"><tr><td></td><td></td><td class=\"t m0 x344 h3b y2f4f ffa5 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x345 h3a y2f50 ffa6 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td></tr><tr><td></td><td class=\"t m0 x346 h3a y2f51 ffa6 fs8 fc7 sc0 ls58 ws47\">Notes<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x347 h3b y2f52 ffa5 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2f53 ffa6 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h39 y2f54 ffa5 fs5 fc7 sc0 ls57 ws46\">Interest income<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xcd3 h38 y2f55 ffa6 fs5 fc7 sc0 ls9 ws1\">Interest on cash</td><td></td><td class=\"t m0 x71c h39 y2f56 ffa5 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(1.9) </td><td class=\"t m0 x492 h38 y2f55 ffa6 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(1.1) </td></tr><tr><td class=\"c n xcd4 y2f57 w1f4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Interest on finance lease assets<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xcd5 y2f57 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">(4.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcd6 y2f57 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">(4.2)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xcd4 y2f58 w1f5 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Net interest income on defined benefit pension schemes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcd7 y2f58 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">5.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcd8 y2f58 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">(2.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcd9 y2f58 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">(3.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2f59 w1f6 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls57 ws46\">Total interest income<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x43d y2f59 w35 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls9 ws1\">(8.7)</div></td><td class=\"t m0 x492 h38 y2f5a ffa6 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(8.9) </td></tr><tr><td class=\"t m0 x349 h39 y2f5b ffa5 fs5 fc7 sc0 ls57 ws46\">Interest expense<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xcd3 h38 y2f5c ffa6 fs5 fc7 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2b5\"> </span></td><td></td><td class=\"c n x9cc y2f5d w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">16.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9cd y2f5d w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">12.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xcd4 y2f5e w1f7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">Bank loans and overdrafts<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xcda y2f5e w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">14.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcdb y2f5e w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">8.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xcd4 y2f5f w15f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Cost of non-recourse trade receivables financing<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcdc y2f5f w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">3.1.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcdd y2f5f w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">3.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcde y2f5f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xcd4 y2f60 wa0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Interest on finance lease liabilities<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xcdf y2f60 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">22.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xce0 y2f60 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">22.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xcd4 y2f61 w1f8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Discount unwind on provisions<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xce1 y2f61 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">3.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xce2 y2f61 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">2.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xce3 y2f61 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2f62 w1f9 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls57 ws46\">Total interest expense<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x44e y2f62 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls57 ws46\">58.7</div></td><td class=\"t m0 x492 h38 y2f63 ffa6 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _48\"> </span>42.9 </td></tr><tr><td class=\"c n x2be y2f64 w1fa h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">Net finance expense included in adjusted profit<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xce4 y2f64 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">50.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xce5 y2f64 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">34.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h39 y2f65 ffa5 fs5 fc7 sc0 ls57 ws46\">Included within business exits<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"c n xcd4 y2f66 w1f7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">Bank loans and overdrafts<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xce6 y2f66 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"t m0 x492 h4f y2f67 ffa7 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _1a7\"> </span>1.0 </td></tr><tr><td class=\"c n xcd4 y2f68 wa0 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">Interest on finance lease liabilities<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xce7 y2f68 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">\u2014</div></td><td class=\"t m0 x492 h4f y2f69 ffa7 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _1a7\"> </span>0.1 </td></tr><tr><td class=\"t m0 x349 h39 y2f6a ffa5 fs5 fc7 sc0 ls9 ws1\">Other items excluded from adjusted profits<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 xcd3 h38 y2f6b ffa6 fs5 fc7 sc0 ls57 ws46\">Non-designated foreign exchange forward contracts \u2013 change </td><td></td><td></td><td></td></tr><tr><td class=\"c n xcd4 y2f6c w1fb h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls9 ws1\">in mark-to-market value<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xce8 y2f6c w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">3.2</div></td><td class=\"t m0 x492 h4f y2f6d ffa7 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(3.6) </td></tr><tr><td class=\"c xcd4 y2f6e w1fc h63\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">Fair value hedge ineffectiveness</div><div class=\"t m0 xce9 h3e y2c7e ffa6 fs1c fc7 sc0 ls9 ws1\">2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcea y2f6f w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">4.2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xceb y2f6f w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls9 ws1\">(1.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x827 y2f6f w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2f70 w1fd h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls57 ws46\">Net finance expense/(income) excluded from adjusted profit<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xcec y2f70 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffa5 fs5 fc7 sc0 ls57 ws46\">2.2</div></td><td class=\"t m0 x492 h38 y2f71 ffa6 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _51\"> </span>(2.3) </td></tr><tr><td class=\"c n x2be y2be6 w1fe h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">Total net finance expense<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x323 y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffa5 fs5 fc7 sc0 ls57 ws46\">52.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x324 y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffa6 fs5 fc7 sc0 ls57 ws46\">31.7<span class=\"_ _2b5\"> </span></div></td></tr></table>1<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span>Private placement loan notes comprise US<span class=\"_ gs234\"> </span>dollar and British pound sterling private placement loan notes, and the euro fixed rate bearer notes which were repaid during 2023.<span class=\"_ _2b5\"> </span>2.<span class=\"_ _9\"> </span>Fair value hedge ineffectiveness arises from changes in currency basis, and the movement in a provision for counterparty ris<span class=\"_ _2a\"></span>k associated with the swaps",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFinanceIncomeExpenseExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-469": {
   "value": "Accounting policies<span class=\"_ _2b5\"> </span>Financial instruments \u2013 classification of financial instruments<span class=\"_ _2b5\"> </span>The Group classifies its financial instruments in the following measurement categ<span class=\"_ _1\"></span>ories:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>those to be measured subsequently at fair va<span class=\"_ _1\"></span>lue, either through other comprehensive income (FVOCI) or through profit or loss (FVPL); and<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>those to be measured at amortised cost.<span class=\"_ _2b5\"> </span>The classification depends on the Group\u2019s business model for mana<span class=\"_ _1\"></span>ging the financial assets and the contractual terms of the cash flows.<span class=\"_ _2b5\"> </span>Financial instruments \u2013 initial recognition<span class=\"_ _2b5\"> </span>At initial recognition, the Group measures a financial instrument at its fair value<span class=\"_ _1\"></span> plus, in the case of a financial instrument not at FVPL, transaction costs that are directly attributable<span class=\"_ _1\"></span> to the acquisition of the financial instrument. Transaction costs of financial instruments carried at FVPL a<span class=\"_ _1\"></span>re expensed in the consolidated income statement.<span class=\"_ _2b5\"> </span>Financial instruments with embedded derivatives are considered in th<span class=\"_ _1\"></span>eir entirety when determining whether their cash flows are solely payment of principal and interest.<span class=\"_ _2b5\"> </span>Purchases and sales of financial instruments are recognised on their tra<span class=\"_ _1\"></span>de date (ie the date the Group commits to purchase or sell the instrument). Financial instruments are derecog<span class=\"_ _1\"></span>nised when the rights to receive/pay cash flows from the financial instrument have expired or have b<span class=\"_ _1\"></span>een transferred such that the Group has transferred substantially all risks and rewards of ownership.<span class=\"_ _2b5\"> </span>Debt instruments<span class=\"_ _2b5\"> </span>Debt instruments are initially recognised at fair value less directly attributable tra<span class=\"_ _1\"></span>nsaction costs and are subsequently remeasured depending on the Group\u2019s business model for managing the instrum<span class=\"_ _2a\"></span>ent and the cash flow characteristics of the debt instrument. There are three measureme<span class=\"_ _1\"></span>nt categories into which the Group classifies its debt instruments:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ffad ls57 ws46\">Amortised cost:</span> instruments that are held for collection/payment of contra<span class=\"_ _1\"></span>ctual cash flows are measured at amortised cost where those cash flows represent solely payments of principal a<span class=\"_ _1\"></span>nd interest. Interest income/expense from these financial instruments is included in net finan<span class=\"_ _1\"></span>ce costs using the effective interest rate method.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ffad\">FVOCI: </span>instruments that are held for collection/pa<span class=\"_ _1\"></span>yment of contractual cash flows and for selling the financial instrument are measured at FVOCI where the instrument\u2019s cash flows rep<span class=\"_ _1\"></span>resent solely payments of principal and interest. Movements in the carrying amount are<span class=\"_ _1\"></span> taken through consolidated Other Comprehensive Income (OCI), except for the recognition of impairment gain<span class=\"_ _1\"></span>s or losses, interest income and foreign exchange gains/losses, which are recognised<span class=\"_ _1\"></span> in the consolidated income statement. When the financial instrument is derecognised, the cumulative gain/loss p<span class=\"_ _1\"></span>reviously recognised in OCI is reclassified to the consolidated income statement and recognised in o<span class=\"_ _1\"></span>ther gains/(losses).<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ffad\">FVPL: </span>instruments that do not meet the criteria fo<span class=\"_ _1\"></span>r amortised cost or FVOCI are measured at FVPL. A gain/loss on a debt instrument that is measured at FVPL is recognised in<span class=\"_ _1\"></span> the consolidated income statement and presented within net finance costs.<span class=\"_ _2b5\"> </span>The Group reclassifies debt instruments when, and only when, its business mo<span class=\"_ _1\"></span>del for managing those instruments changes.<span class=\"_ _2b5\"> </span>Equity instruments<span class=\"_ _2b5\"> </span>Investments in equity instruments are initially recognised at fair value and a<span class=\"_ _1\"></span>re subsequently remeasured at fair value with the movement recognised through the consolidated<span class=\"_ _1\"></span> income statement, except where an election has been made for the movement to be recognised thro<span class=\"_ _1\"></span>ugh OCI. An election can be made on initial recognition of equity instruments that are neither held-for-trading o<span class=\"_ _1\"></span>r instruments acquired as part of a business combination. Once an election has been made all movemen<span class=\"_ _1\"></span>ts in fair value, with the exception of dividends, are presented through OCI and there is no subsequ<span class=\"_ _1\"></span>ent reclassification of fair value gains/losses to the consolidated income statement following the derecognition<span class=\"_ _1\"></span> of the investment. Dividends from such investments continue to be recognised in the consolidated income sta<span class=\"_ _1\"></span>tement as other income when the Group\u2019s right to receive payment is established.<span class=\"_ _2b5\"> </span>Impairment<span class=\"_ _2b5\"> </span>The Group assesses, on a forward looking basis, the expected credit losse<span class=\"_ _1\"></span>s associated with its financial instruments carried at amortised cost and FVOCI. The impairment methodolog<span class=\"_ _1\"></span>y applied depends on whether there has been a significant increase in credit risk.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-455": {
   "value": "Accounting policies<span class=\"_ _2b5\"> </span>Financial instruments \u2013 classification of financial instruments<span class=\"_ _2b5\"> </span>The Group classifies its financial instruments in the following measurement categ<span class=\"_ _1\"></span>ories:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>those to be measured subsequently at fair va<span class=\"_ _1\"></span>lue, either through other comprehensive income (FVOCI) or through profit or loss (FVPL); and<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>those to be measured at amortised cost.<span class=\"_ _2b5\"> </span>The classification depends on the Group\u2019s business model for mana<span class=\"_ _1\"></span>ging the financial assets and the contractual terms of the cash flows.<span class=\"_ _2b5\"> </span>Financial instruments \u2013 initial recognition<span class=\"_ _2b5\"> </span>At initial recognition, the Group measures a financial instrument at its fair value<span class=\"_ _1\"></span> plus, in the case of a financial instrument not at FVPL, transaction costs that are directly attributable<span class=\"_ _1\"></span> to the acquisition of the financial instrument. Transaction costs of financial instruments carried at FVPL a<span class=\"_ _1\"></span>re expensed in the consolidated income statement.<span class=\"_ _2b5\"> </span>Financial instruments with embedded derivatives are considered in th<span class=\"_ _1\"></span>eir entirety when determining whether their cash flows are solely payment of principal and interest.<span class=\"_ _2b5\"> </span>Purchases and sales of financial instruments are recognised on their tra<span class=\"_ _1\"></span>de date (ie the date the Group commits to purchase or sell the instrument). Financial instruments are derecog<span class=\"_ _1\"></span>nised when the rights to receive/pay cash flows from the financial instrument have expired or have b<span class=\"_ _1\"></span>een transferred such that the Group has transferred substantially all risks and rewards of ownership.<span class=\"_ _2b5\"> </span>Debt instruments<span class=\"_ _2b5\"> </span>Debt instruments are initially recognised at fair value less directly attributable tra<span class=\"_ _1\"></span>nsaction costs and are subsequently remeasured depending on the Group\u2019s business model for managing the instrum<span class=\"_ _2a\"></span>ent and the cash flow characteristics of the debt instrument. There are three measureme<span class=\"_ _1\"></span>nt categories into which the Group classifies its debt instruments:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ffad ls57 ws46\">Amortised cost:</span> instruments that are held for collection/payment of contra<span class=\"_ _1\"></span>ctual cash flows are measured at amortised cost where those cash flows represent solely payments of principal a<span class=\"_ _1\"></span>nd interest. Interest income/expense from these financial instruments is included in net finan<span class=\"_ _1\"></span>ce costs using the effective interest rate method.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ffad\">FVOCI: </span>instruments that are held for collection/pa<span class=\"_ _1\"></span>yment of contractual cash flows and for selling the financial instrument are measured at FVOCI where the instrument\u2019s cash flows rep<span class=\"_ _1\"></span>resent solely payments of principal and interest. Movements in the carrying amount are<span class=\"_ _1\"></span> taken through consolidated Other Comprehensive Income (OCI), except for the recognition of impairment gain<span class=\"_ _1\"></span>s or losses, interest income and foreign exchange gains/losses, which are recognised<span class=\"_ _1\"></span> in the consolidated income statement. When the financial instrument is derecognised, the cumulative gain/loss p<span class=\"_ _1\"></span>reviously recognised in OCI is reclassified to the consolidated income statement and recognised in o<span class=\"_ _1\"></span>ther gains/(losses).<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ffad\">FVPL: </span>instruments that do not meet the criteria fo<span class=\"_ _1\"></span>r amortised cost or FVOCI are measured at FVPL. A gain/loss on a debt instrument that is measured at FVPL is recognised in<span class=\"_ _1\"></span> the consolidated income statement and presented within net finance costs.<span class=\"_ _2b5\"> </span>The Group reclassifies debt instruments when, and only when, its business mo<span class=\"_ _1\"></span>del for managing those instruments changes.<span class=\"_ _2b5\"> </span>Equity instruments<span class=\"_ _2b5\"> </span>Investments in equity instruments are initially recognised at fair value and a<span class=\"_ _1\"></span>re subsequently remeasured at fair value with the movement recognised through the consolidated<span class=\"_ _1\"></span> income statement, except where an election has been made for the movement to be recognised thro<span class=\"_ _1\"></span>ugh OCI. An election can be made on initial recognition of equity instruments that are neither held-for-trading o<span class=\"_ _1\"></span>r instruments acquired as part of a business combination. Once an election has been made all movemen<span class=\"_ _1\"></span>ts in fair value, with the exception of dividends, are presented through OCI and there is no subsequ<span class=\"_ _1\"></span>ent reclassification of fair value gains/losses to the consolidated income statement following the derecognition<span class=\"_ _1\"></span> of the investment. Dividends from such investments continue to be recognised in the consolidated income sta<span class=\"_ _1\"></span>tement as other income when the Group\u2019s right to receive payment is established.<span class=\"_ _2b5\"> </span>Impairment<span class=\"_ _2b5\"> </span>The Group assesses, on a forward looking basis, the expected credit losse<span class=\"_ _1\"></span>s associated with its financial instruments carried at amortised cost and FVOCI. The impairment methodolog<span class=\"_ _1\"></span>y applied depends on whether there has been a significant increase in credit risk.<span class=\"_ _2b5\"> </span>Derivatives<span class=\"_ _2b5\"> </span>Derivative financial instruments are initially recognised at fair value and are<span class=\"_ _1\"></span> subsequently remeasured at fair value at the end of each reporting period with the movement recognised through the consolidat<span class=\"_ _2a\"></span>ed income statement, except where derivatives qualify for cash flow hedge accounting<span class=\"_ _1\"></span>. The effective proportion of cash flow hedges is recognised in OCI and presented in the hedging re<span class=\"_ _1\"></span>serve within equity. The cumulative gain/<span class=\"_ _2b5\"> </span>loss is subsequently reclassified to the consolidated income statement in the<span class=\"_ _1\"></span> same period that the relevant hedged transaction is realised.<span class=\"_ _2b5\"> </span>Borrowing costs<span class=\"_ _2b5\"> </span>Borrowing costs directly attributable to the acquisition, construction or produ<span class=\"_ _1\"></span>ction of an asset that necessarily takes a substantial period of time to get ready for its intended<span class=\"_ _1\"></span> use or sale are capitalised as part of the cost of the respective assets. All other borrowing costs are expensed in th<span class=\"_ _1\"></span>e period they occur. Borrowing costs consist of interest and other costs incurred in connection with th<span class=\"_ _1\"></span>e borrowing of funds.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-465": {
   "value": "Financial instruments \u2013 classification of financial instruments<span class=\"_ _2b5\"> </span>The Group classifies its financial instruments in the following measurement categ<span class=\"_ _1\"></span>ories:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>those to be measured subsequently at fair va<span class=\"_ _1\"></span>lue, either through other comprehensive income (FVOCI) or through profit or loss (FVPL); and<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>those to be measured at amortised cost.<span class=\"_ _2b5\"> </span>The classification depends on the Group\u2019s business model for mana<span class=\"_ _1\"></span>ging the financial assets and the contractual terms of the cash flows.<span class=\"_ _2b5\"> </span>Financial instruments \u2013 initial recognition<span class=\"_ _2b5\"> </span>At initial recognition, the Group measures a financial instrument at its fair value<span class=\"_ _1\"></span> plus, in the case of a financial instrument not at FVPL, transaction costs that are directly attributable<span class=\"_ _1\"></span> to the acquisition of the financial instrument. Transaction costs of financial instruments carried at FVPL a<span class=\"_ _1\"></span>re expensed in the consolidated income statement.<span class=\"_ _2b5\"> </span>Financial instruments with embedded derivatives are considered in th<span class=\"_ _1\"></span>eir entirety when determining whether their cash flows are solely payment of principal and interest.<span class=\"_ _2b5\"> </span>Purchases and sales of financial instruments are recognised on their tra<span class=\"_ _1\"></span>de date (ie the date the Group commits to purchase or sell the instrument). Financial instruments are derecog<span class=\"_ _1\"></span>nised when the rights to receive/pay cash flows from the financial instrument have expired or have b<span class=\"_ _1\"></span>een transferred such that the Group has transferred substantially all risks and rewards of ownership.<span class=\"_ _2b5\"> </span>Debt instruments<span class=\"_ _2b5\"> </span>Debt instruments are initially recognised at fair value less directly attributable tra<span class=\"_ _1\"></span>nsaction costs and are subsequently remeasured depending on the Group\u2019s business model for managing the instrum<span class=\"_ _2a\"></span>ent and the cash flow characteristics of the debt instrument. There are three measureme<span class=\"_ _1\"></span>nt categories into which the Group classifies its debt instruments:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ffad ls57 ws46\">Amortised cost:</span> instruments that are held for collection/payment of contra<span class=\"_ _1\"></span>ctual cash flows are measured at amortised cost where those cash flows represent solely payments of principal a<span class=\"_ _1\"></span>nd interest. Interest income/expense from these financial instruments is included in net finan<span class=\"_ _1\"></span>ce costs using the effective interest rate method.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ffad\">FVOCI: </span>instruments that are held for collection/pa<span class=\"_ _1\"></span>yment of contractual cash flows and for selling the financial instrument are measured at FVOCI where the instrument\u2019s cash flows rep<span class=\"_ _1\"></span>resent solely payments of principal and interest. Movements in the carrying amount are<span class=\"_ _1\"></span> taken through consolidated Other Comprehensive Income (OCI), except for the recognition of impairment gain<span class=\"_ _1\"></span>s or losses, interest income and foreign exchange gains/losses, which are recognised<span class=\"_ _1\"></span> in the consolidated income statement. When the financial instrument is derecognised, the cumulative gain/loss p<span class=\"_ _1\"></span>reviously recognised in OCI is reclassified to the consolidated income statement and recognised in o<span class=\"_ _1\"></span>ther gains/(losses).<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ffad\">FVPL: </span>instruments that do not meet the criteria fo<span class=\"_ _1\"></span>r amortised cost or FVOCI are measured at FVPL. A gain/loss on a debt instrument that is measured at FVPL is recognised in<span class=\"_ _1\"></span> the consolidated income statement and presented within net finance costs.<span class=\"_ _2b5\"> </span>The Group reclassifies debt instruments when, and only when, its business mo<span class=\"_ _1\"></span>del for managing those instruments changes.<span class=\"_ _2b5\"> </span>Equity instruments<span class=\"_ _2b5\"> </span>Investments in equity instruments are initially recognised at fair value and a<span class=\"_ _1\"></span>re subsequently remeasured at fair value with the movement recognised through the consolidated<span class=\"_ _1\"></span> income statement, except where an election has been made for the movement to be recognised thro<span class=\"_ _1\"></span>ugh OCI. An election can be made on initial recognition of equity instruments that are neither held-for-trading o<span class=\"_ _1\"></span>r instruments acquired as part of a business combination. Once an election has been made all movemen<span class=\"_ _1\"></span>ts in fair value, with the exception of dividends, are presented through OCI and there is no subsequ<span class=\"_ _1\"></span>ent reclassification of fair value gains/losses to the consolidated income statement following the derecognition<span class=\"_ _1\"></span> of the investment. Dividends from such investments continue to be recognised in the consolidated income sta<span class=\"_ _1\"></span>tement as other income when the Group\u2019s right to receive payment is established.<span class=\"_ _2b5\"> </span>Impairment<span class=\"_ _2b5\"> </span>The Group assesses, on a forward looking basis, the expected credit losse<span class=\"_ _1\"></span>s associated with its financial instruments carried at amortised cost and FVOCI. The impairment methodolog<span class=\"_ _1\"></span>y applied depends on whether there has been a significant increase in credit risk.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForFinancialAssetsExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-470": {
   "value": "Derivatives<span class=\"_ _2b5\"> </span>Derivative financial instruments are initially recognised at fair value and are<span class=\"_ _1\"></span> subsequently remeasured at fair value at the end of each reporting period with the movement recognised through the consolidat<span class=\"_ _2a\"></span>ed income statement, except where derivatives qualify for cash flow hedge accounting<span class=\"_ _1\"></span>. The effective proportion of cash flow hedges is recognised in OCI and presented in the hedging re<span class=\"_ _1\"></span>serve within equity. The cumulative gain/<span class=\"_ _2b5\"> </span>loss is subsequently reclassified to the consolidated income statement in the<span class=\"_ _1\"></span> same period that the relevant hedged transaction is realised.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-466": {
   "value": "Derivatives<span class=\"_ _2b5\"> </span>Derivative financial instruments are initially recognised at fair value and are<span class=\"_ _1\"></span> subsequently remeasured at fair value at the end of each reporting period with the movement recognised through the consolidat<span class=\"_ _2a\"></span>ed income statement, except where derivatives qualify for cash flow hedge accounting<span class=\"_ _1\"></span>. The effective proportion of cash flow hedges is recognised in OCI and presented in the hedging re<span class=\"_ _1\"></span>serve within equity. The cumulative gain/<span class=\"_ _2b5\"> </span>loss is subsequently reclassified to the consolidated income statement in the<span class=\"_ _1\"></span> same period that the relevant hedged transaction is realised.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForDerivativeFinancialInstrumentsAndHedgingExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-471": {
   "value": "Borrowing costs<span class=\"_ _2b5\"> </span>Borrowing costs directly attributable to the acquisition, construction or produ<span class=\"_ _1\"></span>ction of an asset that necessarily takes a substantial period of time to get ready for its intended<span class=\"_ _1\"></span> use or sale are capitalised as part of the cost of the respective assets. All other borrowing costs are expensed in th<span class=\"_ _1\"></span>e period they occur. Borrowing costs consist of interest and other costs incurred in connection with th<span class=\"_ _1\"></span>e borrowing of funds.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForBorrowingCostsExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-510": {
   "value": "<div class=\"t m0 h39 ffad fs5 fc6 sc0 ls57 ws46 gs68c\">4.5.1 Fair value hierarchy<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs68d\">The Group\u2019s financial assets and liabilities are classified based on the fo<span class=\"_ _1\"></span>llowing fair value hierarchy:<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs68e\">\u2022<span class=\"_ _ae\"> </span><span class=\"ffad ls57 ws46\">Level-1:</span> quoted (unadjusted) prices in active markets for iden<span class=\"_ _1\"></span>tical assets or liabilities.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs68f\">\u2022<span class=\"_ _ae\"> </span><span class=\"ffad ls57 ws46\">Level-2:</span> other techniques for which inputs that have a sign<span class=\"_ _1\"></span>ificant effect on the recorded fair value are </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs690\">based on observable (directly or indirectly) market data. With the exception<span class=\"_ _1\"></span> of current financial </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs691\">instruments (which have a short maturity), the fair value of the Group\u2019s level-2 fina<span class=\"_ _1\"></span>ncial instruments were </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs692\">calculated by discounting the expected future cash flows at prevailing in<span class=\"_ _1\"></span>terest rates. The valuation </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs693\">models incorporate various inputs including foreign exchange sp<span class=\"_ _1\"></span>ot and forward rates and interest rate </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs694\">curves. In the case of floating rate borrowings the nominal value appro<span class=\"_ _1\"></span>ximates to fair value because </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs695\">interest is set at floating rates where payments are reset to market values at interva<span class=\"_ _1\"></span>ls of less than one </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls57 ws46 gs696\">year.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs697\">\u2022<span class=\"_ _ae\"> </span><span class=\"ffad ls57 ws46\">Level-3:</span> other techniques for which inputs that have a sign<span class=\"_ _1\"></span>ificant effect on the recorded fair value are not </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls57 ws46 gs698\">based on observable market data.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs699\">Other financial instruments, where observable market data is not available<span class=\"_ _1\"></span>, are carried at either amortised </div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls9 ws1 gs69a\">cost or cost (undiscounted cash flows) as a reasonable approximation of fa<span class=\"_ _1\"></span>ir value.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffae fs5 fc7 sc0 ls57 ws46 gs69b\">During the year ended 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\">, there were no transfers between fair value levels.<span class=\"_ _2b5\"> </span></span></div>4.5.2 Financial instruments and their fair value hierarchy classification<span class=\"_ _2b5\"> </span>The following table analyses, by classification and category, the carrying<span class=\"_ _1\"></span> value of the Group\u2019s financial instruments and identifies the level of the fair value hierarchy for the instruments carried at fair value:<span class=\"_ _2b5\"> </span><table class=\"s w20a ha6\" id=\"_6c24e3e1-6510-4d76-acd8-f0f6bf45c99b\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xcf9 h3b y2f85 ffaf fs8 fc7 sc0 ls58 ws47\">Derivatives<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xcfa h3b y2f86 ffaf fs8 fc7 sc0 ls58 ws47\">used for<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcfb h3b y2f86 ffaf fs8 fc7 sc0 ls58 ws47\">Amortised<span class=\"_ _2b5\"> </span></td><td></td><td></td><td class=\"t m0 xcfc h3b y2f87 ffaf fs8 fc7 sc0 ls58 ws47\">Non-<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x4fd h3b y2f88 ffaf fs8 fc7 sc0 ls58 ws47\">Fair value<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x574 h3b y2f88 ffaf fs8 fc7 sc0 ls9 ws1\">FVPL<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcfd h3b y2f88 ffaf fs8 fc7 sc0 ls58 ws47\">FVOCI<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcfa h3b y2f88 ffaf fs8 fc7 sc0 ls58 ws47\">hedging<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcfe h3b y2f88 ffaf fs8 fc7 sc0 ls58 ws47\">cost<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xa7b h3b y2f88 ffaf fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcff h3b y2f89 ffaf fs8 fc7 sc0 ls58 ws47\">Current<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xd00 h3b y2f8a ffaf fs8 fc7 sc0 ls58 ws47\">current<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2f8b w20b h69\"><div class=\"t m0 x2bd h3a y2c9f ffaf fs8 fc7 sc0 ls58 ws47\">At 31<span class=\"_ gs234\"> </span>December 2023<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd01 y2f8b w20c h67\"><div class=\"t m0 x2bd h3a y2c9f ffb0 fs8 fc7 sc0 ls58 ws47\">Note<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 x37b h3b y2f8c ffaf fs8 fc7 sc0 ls58 ws47\">hierarchy<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xa76 h3b y2f8c ffaf fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xd02 h3b y2f8c ffaf fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xd03 h3b y2f8c ffaf fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x56e h3b y2f8c ffaf fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xd04 h3b y2f8c ffaf fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x2bb h3b y2f8c ffaf fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x383 h3b y2f8d ffaf fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y2f8e ffaf fs5 fc7 sc0 ls57 ws46\">Financial assets<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x460 y2f8f w200 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Lease receivables<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd05 y2f8f w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">4.4.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd06 y2f8f w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd07 y2f8f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd08 y2f8f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd09 y2f8f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0a y2f8f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">70.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0b y2f8f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">70.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0c y2f8f w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">6.<span class=\"_ _2a\"></span>3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0d y2f8f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">64.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2f90 w20d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Cash flow hedges \u2013 foreign exchange contracts<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0e y2f90 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">4.2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0f y2f90 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Level-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd10 y2f90 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd11 y2f90 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd12 y2f90 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">1.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd13 y2f90 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd14 y2f90 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">1.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd15 y2f90 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">1.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd16 y2f90 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2f91 w18b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Cash flow hedges \u2013 Interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd17 y2f91 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">4.2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd18 y2f91 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Level-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd19 y2f91 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd1a y2f91 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd1b y2f91 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd1c y2f91 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd1d y2f91 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd1e y2f91 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd1f y2f91 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2f92 w20f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Non-designated foreign exchange forwards and swaps<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd20 y2f92 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Level-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd21 y2f92 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd22 y2f92 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd23 y2f92 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd24 y2f92 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd25 y2f92 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd26 y2f92 w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.<span class=\"_ _2a\"></span>3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd27 y2f92 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2f93 w185 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Cross-currency interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd28 y2f93 w10a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd29 y2f93 w210 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Lev<span class=\"_ _2a\"></span>el-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2a y2f93 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2b y2f93 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2c y2f93 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">14.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2d y2f93 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2e y2f93 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">14.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2f y2f93 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd30 y2f93 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">14.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2f94 w211 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Originated loans receivable<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd31 y2f94 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd32 y2f94 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd33 y2f94 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd34 y2f94 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd35 y2f94 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd36 y2f94 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd37 y2f94 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd38 y2f94 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2f95 w212 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Financial assets at fair value through P&amp;L<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd39 y2f95 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Level-3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3a y2f95 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">16.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3b y2f95 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3c y2f95 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3d y2f95 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3e y2f95 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">16.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3f y2f95 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd40 y2f95 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">16.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2f96 w213 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Financial assets at fair value through OCI<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd41 y2f96 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Level-3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd42 y2f96 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd43 y2f96 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd44 y2f96 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd45 y2f96 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd46 y2f96 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd47 y2f96 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd48 y2f96 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2f97 w214 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Deferred consideration receivable<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd49 y2f97 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd10 y2f97 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd11 y2f97 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd4a y2f97 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd4b y2f97 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">20.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd4c y2f97 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">20.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd4d y2f97 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">20.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd4e y2f97 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n xd4f y2f98 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">17.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd50 y2f98 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd51 y2f98 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">16.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd52 y2f98 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">91.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd53 y2f98 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">125.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd54 y2f98 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">28.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd55 y2f98 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">97.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2f99 ffaf fs5 fc7 sc0 ls57 ws46\">Other financial assets<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x5b2 h38 y2f9a ffb0 fs5 fc7 sc0 ls9 ws1\">Cash<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30a h38 y2f9b ffb0 fs5 fc7 sc0 ls57 ws46\">4.5.4<span class=\"_ _2b5\"> </span></td><td class=\"c n xd56 y2f9c w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd57 y2f9c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd58 y2f9c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd59 y2f9c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd5a y2f9c w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">155.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd5b y2f9c w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">155.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd5c y2f9c w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">155.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x5a1 y2f9c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2f9d w215 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Cash included within disposal group assets held for sale<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd5d y2f9d w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">2.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd5e y2f9d w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd5f y2f9d w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd60 y2f9d w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd61 y2f9d w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd62 y2f9d w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">7.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd63 y2f9d w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">7.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd64 y2f9d w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">7.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd65 y2f9d w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2f9e w216 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">Total financial assets<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xd66 y2f9e w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">17.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd67 y2f9e w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd68 y2f9e w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">16.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd69 y2f9e w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">253.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6a y2f9e w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">287.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6b y2f9e w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">190.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac8 y2f9e we9 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">97.<span class=\"_ _2a\"></span>2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2f9f ffaf fs5 fc7 sc0 ls9 ws1\">Financial liabilities<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x460 y2fa0 w182 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6c y2fa0 w10a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6d y2fa0 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6e y2fa0 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6f y2fa0 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd70 y2fa0 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd71 y2fa0 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">262.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd72 y2fa0 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">262.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd73 y2fa0 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd74 y2fa0 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">262.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fa1 w187 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Other finance<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd75 y2fa1 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd76 y2fa1 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd77 y2fa1 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd78 y2fa1 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd79 y2fa1 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd7a y2fa1 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd7b y2fa1 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd7c y2fa1 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fa2 w20d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Cash flow hedges \u2013 foreign exchange contracts<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0e y2fa2 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">4.2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0f y2fa2 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Level-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd10 y2fa2 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd11 y2fa2 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd12 y2fa2 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">3.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd13 y2fa2 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd14 y2fa2 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">3.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd15 y2fa2 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">1.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd16 y2fa2 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">2.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fa3 w217 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Cash flow hedges \u2013 currency swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd7d y2fa3 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">4.2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd7e y2fa3 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Level-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd7f y2fa3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd80 y2fa3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd81 y2fa3 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">1.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd82 y2fa3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd83 y2fa3 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">1.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd84 y2fa3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd85 y2fa3 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">1.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fa4 w1b6 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Cash flow hedges \u2013 interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd86 y2fa4 w218 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">4.2.<span class=\"_ _2a\"></span>4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd87 y2fa4 w210 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Level-<span class=\"_ _2a\"></span>2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd88 y2fa4 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd89 y2fa4 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd8a y2fa4 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd8b y2fa4 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd8c y2fa4 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd8d y2fa4 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd8e y2fa4 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fa5 w20f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Non-designated foreign exchange forwards and swaps<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd20 y2fa5 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Level-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd21 y2fa5 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd22 y2fa5 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd23 y2fa5 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd24 y2fa5 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd25 y2fa5 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd26 y2fa5 w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.<span class=\"_ _2a\"></span>1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd8f y2fa5 w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.<span class=\"_ _2a\"></span>1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fa6 w185 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Cross-currency interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd28 y2fa6 w10a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd29 y2fa6 w210 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Lev<span class=\"_ _2a\"></span>el-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2a y2fa6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2b y2fa6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd90 y2fa6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd91 y2fa6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd92 y2fa6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd93 y2fa6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd16 y2fa6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fa7 w189 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Deferred consideration payable<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd31 y2fa7 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd32 y2fa7 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd33 y2fa7 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd34 y2fa7 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd35 y2fa7 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd36 y2fa7 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd37 y2fa7 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd38 y2fa7 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fa8 w181 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Put options of non-controlling interests<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd94 y2fa8 w219 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">c<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd95 y2fa8 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Level-3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd96 y2fa8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd97 y2fa8 w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">8.<span class=\"_ _2a\"></span>5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd98 y2fa8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd99 y2fa8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd9a y2fa8 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">8.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd9b y2fa8 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">8.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd9c y2fa8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n xd9d y2fa9 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd9e y2fa9 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">8.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd9f y2fa9 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">6.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda0 y2fa9 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">263.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda1 y2fa9 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">278.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda2 y2fa9 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">10.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda3 y2fa9 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">267.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2faa ffaf fs5 fc7 sc0 ls9 ws1\">Other financial liabilities<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x460 y2fab w63 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Overdrafts<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda4 y2fab w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">4.5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda5 y2fab w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda6 y2fab w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda7 y2fab w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda8 y2fab w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda9 y2fab w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">95.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdaa y2fab w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">95.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdab y2fab w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">95.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdac y2fab w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fac w68 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdad y2fac w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">4.4.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdae y2fac w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdaf y2fac w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb0 y2fac w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb1 y2fac w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb2 y2fac w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">363.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb3 y2fac w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">363.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb4 y2fac w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">51.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb5 y2fac w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">312.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fad w21a h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls9 ws1\">Total financial liabilities<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xdb6 y2fad w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb7 y2fad w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">8.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb8 y2fad w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">6.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xadc y2fad w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">721.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb9 y2fad w56 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">736.<span class=\"_ _2a\"></span>7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdba y2fad w56 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">156.<span class=\"_ _2a\"></span>9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdbb y2fad w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">579.8<span class=\"_ _2b5\"> </span></div></td></tr></table>Financial assets measured at amortised cost consist of cash, lease receivables, o<span class=\"_ _1\"></span>riginated loans and deferred consideration receivable. The carrying value of cash is a re<span class=\"_ _1\"></span>asonable approximation of its fair value due to the short-term nature of the instruments. Lease receivables, origin<span class=\"_ _1\"></span>ated loans and deferred consideration receivable are measured at amortised cost using the e<span class=\"_ _1\"></span>ffective interest rate method. Included in other investments are <span class=\"ls57 ws46\">\u00a30.7m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a30.8m</span>) of strategic investments in unlisted eq<span class=\"_ _1\"></span>uity securities which are not held-for-trading and the Group elected to recognise a<span class=\"_ _1\"></span>t Fair Value through Other Comprehensive Income (FVOCI). During the period no dividends were received from, and no<span class=\"_ _1\"></span> disposals were made of, strategic investments.<span class=\"_ _2b5\"> </span>The financial assets at Fair Value through Profit and Loss (FVPL) relate to<span class=\"_ _1\"></span> the Group\u2019s minority shareholding in companies as part of Capita Scaling Partners. The asse<span class=\"_ _1\"></span>ts are revalued when reliable information on fair value becomes available, which is normally at each fund<span class=\"_ _1\"></span>ing round.<span class=\"_ _2b5\"> </span>Financial liabilities measured at amortised cost consist of loan notes, overdra<span class=\"_ _1\"></span>fts, lease liabilities, credit facilities and deferred consideration payable. With the exception of ce<span class=\"_ _1\"></span>rtain series within the fixed rate private placement loan notes, the carrying value of financial liabilities a<span class=\"_ _1\"></span>re a reasonable approximation of their fair value. This is because either the interest payable is close to marke<span class=\"_ _1\"></span>t rates or the liability is short-<span class=\"_ _2b5\"> </span>term in nature. The private placement loan note series, for which this app<span class=\"_ _1\"></span>roximation does not apply, are those that are subject to longer term fixed rate of interest \u2013 these have<span class=\"_ _1\"></span> an underlying carrying value of \u00a3173.9m (2022<span class=\"ls9 ws1\">: \u00a3144.9m) and a fair value of \u00a3166.3m (</span>2022<span class=\"ls9 ws1\">: \u00a313<span class=\"_ _1\"></span>0.2m). Lease liabilities and deferred </span>consideration payable are measured at amortised cost using the e<span class=\"_ _1\"></span>ffective interest rate method.<span class=\"_ _2b5\"> </span>The Group\u2019s key financial liabilities are set out below:<span class=\"_ _2b5\"> </span>a. Private placement loan notes<span class=\"_ _2b5\"> </span>The private placement loan notes were issued in USD and GBP. The Group<span class=\"_ _1\"></span> manages its exposure to foreign exchange and interest rate movements through cross-curren<span class=\"_ _1\"></span>cy interest rate swaps, interest rate swaps, and forward foreign exchange contracts.<span class=\"_ _2b5\"> </span>b. Bank facilities<span class=\"_ _2b5\"> </span>Details of the Group\u2019s bank facilities are provided in the liquidity section abo<span class=\"_ _1\"></span>ve. At <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span>, the total value of committed facilities was <span class=\"ls57 ws46\">\u00a3260.7m</span>, of which none<span class=\"_ _1\"></span> was drawn (<span class=\"ls57 ws46\">2022</span>: total facilities of \u00a3<span class=\"ls57 ws46\">288.4</span>m of which none was drawn). The committed facilities were subsequently redu<span class=\"_ _1\"></span>ced to \u00a3250m on 23<span class=\"_ gs15\"> </span>January 2024 following receipt of proceeds from the Fera disposal (refer to n<span class=\"_ _1\"></span>ote 6.3).<span class=\"_ _2b5\"> </span>c. Put options of non-controlling interests<span class=\"_ _2b5\"> </span>The liability at <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span> represents the present value of the cost to acqu<span class=\"_ _1\"></span>ire the non-controlling interest in Fera Science Limited. The option held by the non-con<span class=\"_ _1\"></span>trolling shareholder of Fera Science Limited has been exercisable since April 2021. A sensitivity analysis assuming a 10% incre<span class=\"_ _1\"></span>ase/decrease in the earnings potential of the business results in a \u00a30.9m increase/decre<span class=\"_ _1\"></span>ase in the valuation. The put option expired without being exercised on completion of the sale of the Gro<span class=\"_ _1\"></span>up\u2019s shareholding in Fera Science Limited on 17<span class=\"_ gs15\"> </span>January 2024 (refer to note<span class=\"_ gs15\"> </span>6.3), and the relate<span class=\"_ _1\"></span>d liability was de-recognised. Upon inception of the option agreements, management determined that changes in the carrying amount would be recognised within equity. This has been applied consistently.<span class=\"_ _2b5\"> </span><table class=\"s w21b ha7\" id=\"_f224f7fe-d382-43d7-9bfc-9a9e07cafef8\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x601 h3a y2fae ffb4 fs8 fc7 sc0 ls58 ws47\">Derivatives<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xdbc h3a y2faf ffb4 fs8 fc7 sc0 ls58 ws47\">used for<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xdbd h3a y2faf ffb4 fs8 fc7 sc0 ls58 ws47\">Amortised<span class=\"_ _2b5\"> </span></td><td></td><td></td><td class=\"t m0 xcfc h3a y2faf ffb4 fs8 fc7 sc0 ls58 ws47\">Non-<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x37b h3a y2fb0 ffb4 fs8 fc7 sc0 ls58 ws47\">Fair value<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x574 h3a y2fb0 ffb4 fs8 fc7 sc0 ls9 ws1\">FVPL<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcfd h3a y2fb0 ffb4 fs8 fc7 sc0 ls58 ws47\">FVOCI<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xdbe h3a y2fb0 ffb4 fs8 fc7 sc0 ls58 ws47\">hedging<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xdbf h3a y2fb0 ffb4 fs8 fc7 sc0 ls9 ws1\">cost<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x378 h3a y2fb0 ffb4 fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x587 h3a y2fb0 ffb4 fs8 fc7 sc0 ls58 ws47\">Current<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x859 h3a y2fb0 ffb4 fs8 fc7 sc0 ls58 ws47\">current<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2fb1 w21c h67\"><div class=\"t m0 x2bd h3a y2c9f ffb4 fs8 fc7 sc0 ls58 ws47\">At 31<span class=\"_ gs234\"> </span>December 2022<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdc0 y2fb1 w20c h67\"><div class=\"t m0 x2bd h3a y2c9f ffb4 fs8 fc7 sc0 ls58 ws47\">Note<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 x4ea h3a y2fb2 ffb4 fs8 fc7 sc0 ls58 ws47\">hierarchy<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xa76 h3a y2fb2 ffb4 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xd02 h3a y2fb2 ffb4 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xd03 h3a y2fb2 ffb4 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x56e h3a y2fb2 ffb4 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xd04 h3a y2fb2 ffb4 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x2bb h3a y2fb2 ffb4 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x383 h3a y2fb2 ffb4 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y2fb3 ffb3 fs5 fc7 sc0 ls57 ws46\">Financial assets<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x460 y2fb4 w200 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Lease receivables<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd05 y2fb4 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">4.4.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd06 y2fb4 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd07 y2fb4 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd08 y2fb4 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd09 y2fb4 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0a y2fb4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">76.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0b y2fb4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">76.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0c y2fb4 w49 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">5.<span class=\"_ _2a\"></span>9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0d y2fb4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">70.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fb5 w20d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Cash flow hedges \u2013 foreign exchange contracts<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0e y2fb5 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">4.2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0f y2fb5 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Level-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd10 y2fb5 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd11 y2fb5 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd12 y2fb5 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd13 y2fb5 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd14 y2fb5 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd15 y2fb5 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">3.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd16 y2fb5 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">2.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fb6 w20f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Non-designated foreign exchange forwards and swaps<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd20 y2fb6 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Level-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd21 y2fb6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">5.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd22 y2fb6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd23 y2fb6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd24 y2fb6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd25 y2fb6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">5.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd26 y2fb6 w49 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">4.<span class=\"_ _2a\"></span>4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd8f y2fb6 w49 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.<span class=\"_ _2a\"></span>9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fb7 w185 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Cross-currency interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd28 y2fb7 w10a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd29 y2fb7 w210 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Lev<span class=\"_ _2a\"></span>el-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2a y2fb7 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2b y2fb7 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2c y2fb7 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">25.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2d y2fb7 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2e y2fb7 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">25.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdc1 y2fb7 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">8.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdc2 y2fb7 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">17.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fb8 w211 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Originated loans receivable<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd31 y2fb8 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd32 y2fb8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd33 y2fb8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd34 y2fb8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd35 y2fb8 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd36 y2fb8 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd37 y2fb8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd38 y2fb8 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fb9 w212 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Financial assets at fair value through P&amp;L<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd39 y2fb9 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Level-3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3a y2fb9 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">17.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3b y2fb9 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3c y2fb9 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3d y2fb9 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3e y2fb9 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">17.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3f y2fb9 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd40 y2fb9 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">17.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fba w213 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Financial assets at fair value through OCI<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd41 y2fba w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Level-3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd42 y2fba w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd43 y2fba w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd44 y2fba w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd45 y2fba w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd46 y2fba w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd47 y2fba w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd48 y2fba w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fbb w214 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Deferred consideration receivable<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd49 y2fbb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd10 y2fbb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd11 y2fbb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd4a y2fbb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd4b y2fbb w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">10.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd4c y2fbb w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">10.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdc3 y2fbb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">2.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdc4 y2fbb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">8.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n xd4f y2fbc w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">22.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd50 y2fbc w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd51 y2fbc w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">31.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd52 y2fbc w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">87.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd53 y2fbc w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">141.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd54 y2fbc w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">23.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdbb y2fbc w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">118.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2fbd ffb3 fs5 fc7 sc0 ls57 ws46\">Other financial assets<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x460 y2fbe w61 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Cash<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0e y2fbe w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">4.5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdc5 y2fbe w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2a y2fbe w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2b y2fbe w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdc6 y2fbe w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdc7 y2fbe w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">396.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdc8 y2fbe w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">396.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdc9 y2fbe w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">396.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdca y2fbe w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fbf w216 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb3 fs5 fc7 sc0 ls57 ws46\">Total financial assets<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xd66 y2fbf w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">22.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd67 y2fbf w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd68 y2fbf w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">31.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd69 y2fbf w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">484.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6a y2fbf w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">538.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6b y2fbf w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">420.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdcb y2fbf w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">118.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2fc0 ffb3 fs5 fc7 sc0 ls9 ws1\">Financial liabilities<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x460 y2e1c w182 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6c y2e1c w10a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6d y2e1c w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6e y2e1c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6f y2e1c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd70 y2e1c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd71 y2e1c w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">285.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd72 y2e1c w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">285.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdcc y2e1c w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">74.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdcd y2e1c w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">210.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2d79 w187 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Other finance<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd75 y2d79 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd76 y2d79 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd77 y2d79 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd78 y2d79 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd79 y2d79 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd7a y2d79 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd7b y2d79 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd7c y2d79 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2d7c w20f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Non-designated foreign exchange forwards and swaps<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd20 y2d7c w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Level-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd21 y2d7c w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd22 y2d7c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd23 y2d7c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd24 y2d7c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd25 y2d7c w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd26 y2d7c w49 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.<span class=\"_ _2a\"></span>1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd27 y2d7c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2d7d w185 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Cross-currency interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd28 y2d7d w10a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd29 y2d7d w210 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Lev<span class=\"_ _2a\"></span>el-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2a y2d7d w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2b y2d7d w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd90 y2d7d w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">1.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd91 y2d7d w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd92 y2d7d w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">1.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd93 y2d7d w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd16 y2d7d w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">1.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2e0f w189 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Deferred consideration payable<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd31 y2e0f w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd32 y2e0f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd33 y2e0f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd34 y2e0f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd35 y2e0f w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd36 y2e0f w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd37 y2e0f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd38 y2e0f w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2e10 w181 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Put options of non-controlling interests<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdce y2e10 w219 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">c<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdcf y2e10 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Level-3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdd0 y2e10 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdd1 y2e10 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">9.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdd2 y2e10 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdd3 y2e10 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdd4 y2e10 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">9.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdd5 y2e10 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">9.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdd6 y2e10 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n xd9d y2e11 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd9e y2e11 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">9.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd9f y2e11 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">1.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda0 y2e11 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">286.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda1 y2e11 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">297.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda2 y2e11 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">84.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda3 y2e11 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">212.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2fc1 ffb3 fs5 fc7 sc0 ls9 ws1\">Other financial liabilities<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x460 y2bf8 w63 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Overdrafts<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda4 y2bf8 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">4.5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda5 y2bf8 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda6 y2bf8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda7 y2bf8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda8 y2bf8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdd7 y2bf8 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">219.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdd8 y2bf8 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">219.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdd9 y2bf8 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">219.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdda y2bf8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2bfb w68 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdad y2bfb w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">4.4.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdae y2bfb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdaf y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb0 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb1 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb2 y2bfb w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">397.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb3 y2bfb w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">397.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb4 y2bfb w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">55.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb5 y2bfb w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">341.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w21a h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb3 fs5 fc7 sc0 ls9 ws1\">Total financial liabilities<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xdb6 y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb7 y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">9.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb8 y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">1.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xadc y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">904.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb9 y2be6 w56 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">914.<span class=\"_ _2a\"></span>3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdba y2be6 w56 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">359.<span class=\"_ _2a\"></span>8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdbb y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">554.5<span class=\"_ _2b5\"> </span></div></td></tr></table>The following table shows the movement from the opening balan<span class=\"_ _1\"></span>ces to the closing balances for Level-3 fair values.<span class=\"_ _2b5\"> </span><table class=\"s w21d ha8\" id=\"_d729e5d7-ed4e-4ce0-8432-165d4b82b47e\"><tr><td></td><td class=\"t m0 xddb h3a y2fc2 ffb6 fs8 fc7 sc0 ls58 ws47\">Put options of </td><td class=\"t m0 xc94 h3a y2fc2 ffb6 fs8 fc7 sc0 ls58 ws47\">Investments<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x8d3 h3a y2fc3 ffb6 fs8 fc7 sc0 ls58 ws47\">non-controlling</td><td class=\"t m0 xddc h3a y2fc3 ffb6 fs8 fc7 sc0 ls58 ws47\"> FVPL and<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x8df h3a y2fc4 ffb6 fs8 fc7 sc0 ls58 ws47\">interests</td><td class=\"t m0 x53e h3a y2fc4 ffb6 fs8 fc7 sc0 ls58 ws47\"> FVOCI<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 xbd3 h3a y2fc5 ffb6 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2fc5 ffb6 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2fc6 w1c7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">At 1 January <span class=\"ls57 ws46\">2022<span class=\"_ _2b5\"> </span></span></div></td><td class=\"c n x791 y2fc6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">8.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ca y2fc6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">9.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fc7 w21e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">Change in put-options recognised in other comprehensive income<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x434 y2fc7 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">0.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xddd y2fc7 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fc8 w1a7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">Additions<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdde y2fc8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d0 y2fc8 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">2.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fc9 w21f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">Reclassification from other investment categories<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xddf y2fc9 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x51d y2fc9 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">0.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fca w220 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">Gain in fair value recognised in income statement<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xde0 y2fca w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7c6 y2fca w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">5.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fcb w221 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">Gain in fair value recognised in other comprehensive income<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xde1 y2fcb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xde2 y2fcb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fcc w79 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">At 31 December <span class=\"ls57 ws46\">2022<span class=\"_ _2b5\"> </span></span></div></td><td class=\"c n xde3 y2fcc w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">9.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xde4 y2fcc w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">18.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fcd w21e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">Change in put-options recognised in other comprehensive income<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xde5 y2fcd w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls9 ws1\">(0.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xde6 y2fcd w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ea3 w1d1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">Disposals<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x771 y2ea3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x772 y2ea3 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls9 ws1\">(0.3)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ea4 w221 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">Loss in fair value recognised in other comprehensive income<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xde1 y2ea4 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x361 y2ea4 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls9 ws1\">(0.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w222 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffb5 fs5 fc7 sc0 ls57 ws46\">At 31<span class=\"_ gs15\"> </span>December 2023<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xde7 y2be6 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffb5 fs5 fc7 sc0 ls57 ws46\">8.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xde8 y2be6 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffb5 fs5 fc7 sc0 ls57 ws46\">17.6<span class=\"_ _2b5\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueMeasurementExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-532": {
   "value": "4.5.1 Fair value hierarchy<span class=\"_ _2b5\"> </span>The Group\u2019s financial assets and liabilities are classified based on the fo<span class=\"_ _1\"></span>llowing fair value hierarchy:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ffad ls57 ws46\">Level-1:</span> quoted (unadjusted) prices in active markets for iden<span class=\"_ _1\"></span>tical assets or liabilities.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ffad ls57 ws46\">Level-2:</span> other techniques for which inputs that have a sign<span class=\"_ _1\"></span>ificant effect on the recorded fair value are based on observable (directly or indirectly) market data. With the exception<span class=\"_ _1\"></span> of current financial instruments (which have a short maturity), the fair value of the Group\u2019s level-2 fina<span class=\"_ _1\"></span>ncial instruments were calculated by discounting the expected future cash flows at prevailing in<span class=\"_ _1\"></span>terest rates. The valuation models incorporate various inputs including foreign exchange sp<span class=\"_ _1\"></span>ot and forward rates and interest rate curves. In the case of floating rate borrowings the nominal value appro<span class=\"_ _1\"></span>ximates to fair value because interest is set at floating rates where payments are reset to market values at interva<span class=\"_ _1\"></span>ls of less than one year.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ffad ls57 ws46\">Level-3:</span> other techniques for which inputs that have a sign<span class=\"_ _1\"></span>ificant effect on the recorded fair value are not based on observable market data.<span class=\"_ _2b5\"> </span>Other financial instruments, where observable market data is not available<span class=\"_ _1\"></span>, are carried at either amortised cost or cost (undiscounted cash flows) as a reasonable approximation of fa<span class=\"_ _1\"></span>ir value.<span class=\"_ _2b5\"> </span>During the year ended 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\">, there were no transfers between fair value levels.<span class=\"_ _2b5\"> </span></span>4.5.2 Financial instruments and their fair value hierarchy classification<span class=\"_ _2b5\"> </span>The following table analyses, by classification and category, the carrying<span class=\"_ _1\"></span> value of the Group\u2019s financial instruments and identifies the level of the fair value hierarchy for the instruments carried at fair value:<span class=\"_ _2b5\"> </span><table class=\"s w20a ha6\" id=\"_6c24e3e1-6510-4d76-acd8-f0f6bf45c99b\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xcf9 h3b y2f85 ffaf fs8 fc7 sc0 ls58 ws47\">Derivatives<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xcfa h3b y2f86 ffaf fs8 fc7 sc0 ls58 ws47\">used for<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcfb h3b y2f86 ffaf fs8 fc7 sc0 ls58 ws47\">Amortised<span class=\"_ _2b5\"> </span></td><td></td><td></td><td class=\"t m0 xcfc h3b y2f87 ffaf fs8 fc7 sc0 ls58 ws47\">Non-<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x4fd h3b y2f88 ffaf fs8 fc7 sc0 ls58 ws47\">Fair value<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x574 h3b y2f88 ffaf fs8 fc7 sc0 ls9 ws1\">FVPL<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcfd h3b y2f88 ffaf fs8 fc7 sc0 ls58 ws47\">FVOCI<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcfa h3b y2f88 ffaf fs8 fc7 sc0 ls58 ws47\">hedging<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcfe h3b y2f88 ffaf fs8 fc7 sc0 ls58 ws47\">cost<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xa7b h3b y2f88 ffaf fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcff h3b y2f89 ffaf fs8 fc7 sc0 ls58 ws47\">Current<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xd00 h3b y2f8a ffaf fs8 fc7 sc0 ls58 ws47\">current<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2f8b w20b h69\"><div class=\"t m0 x2bd h3a y2c9f ffaf fs8 fc7 sc0 ls58 ws47\">At 31<span class=\"_ gs234\"> </span>December 2023<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd01 y2f8b w20c h67\"><div class=\"t m0 x2bd h3a y2c9f ffb0 fs8 fc7 sc0 ls58 ws47\">Note<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 x37b h3b y2f8c ffaf fs8 fc7 sc0 ls58 ws47\">hierarchy<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xa76 h3b y2f8c ffaf fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xd02 h3b y2f8c ffaf fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xd03 h3b y2f8c ffaf fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x56e h3b y2f8c ffaf fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xd04 h3b y2f8c ffaf fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x2bb h3b y2f8c ffaf fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x383 h3b y2f8d ffaf fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y2f8e ffaf fs5 fc7 sc0 ls57 ws46\">Financial assets<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x460 y2f8f w200 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Lease receivables<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd05 y2f8f w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">4.4.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd06 y2f8f w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd07 y2f8f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd08 y2f8f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd09 y2f8f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0a y2f8f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">70.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0b y2f8f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">70.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0c y2f8f w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">6.<span class=\"_ _2a\"></span>3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0d y2f8f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">64.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2f90 w20d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Cash flow hedges \u2013 foreign exchange contracts<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0e y2f90 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">4.2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0f y2f90 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Level-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd10 y2f90 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd11 y2f90 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd12 y2f90 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">1.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd13 y2f90 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd14 y2f90 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">1.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd15 y2f90 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">1.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd16 y2f90 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2f91 w18b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Cash flow hedges \u2013 Interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd17 y2f91 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">4.2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd18 y2f91 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Level-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd19 y2f91 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd1a y2f91 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd1b y2f91 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd1c y2f91 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd1d y2f91 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd1e y2f91 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd1f y2f91 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2f92 w20f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Non-designated foreign exchange forwards and swaps<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd20 y2f92 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Level-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd21 y2f92 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd22 y2f92 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd23 y2f92 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd24 y2f92 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd25 y2f92 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd26 y2f92 w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.<span class=\"_ _2a\"></span>3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd27 y2f92 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2f93 w185 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Cross-currency interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd28 y2f93 w10a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd29 y2f93 w210 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Lev<span class=\"_ _2a\"></span>el-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2a y2f93 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2b y2f93 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2c y2f93 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">14.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2d y2f93 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2e y2f93 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">14.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2f y2f93 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd30 y2f93 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">14.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2f94 w211 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Originated loans receivable<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd31 y2f94 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd32 y2f94 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd33 y2f94 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd34 y2f94 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd35 y2f94 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd36 y2f94 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd37 y2f94 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd38 y2f94 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2f95 w212 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Financial assets at fair value through P&amp;L<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd39 y2f95 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Level-3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3a y2f95 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">16.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3b y2f95 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3c y2f95 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3d y2f95 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3e y2f95 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">16.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3f y2f95 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd40 y2f95 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">16.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2f96 w213 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Financial assets at fair value through OCI<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd41 y2f96 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Level-3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd42 y2f96 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd43 y2f96 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd44 y2f96 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd45 y2f96 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd46 y2f96 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd47 y2f96 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd48 y2f96 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2f97 w214 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Deferred consideration receivable<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd49 y2f97 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd10 y2f97 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd11 y2f97 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd4a y2f97 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd4b y2f97 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">20.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd4c y2f97 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">20.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd4d y2f97 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">20.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd4e y2f97 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n xd4f y2f98 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">17.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd50 y2f98 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd51 y2f98 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">16.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd52 y2f98 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">91.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd53 y2f98 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">125.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd54 y2f98 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">28.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd55 y2f98 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">97.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2f99 ffaf fs5 fc7 sc0 ls57 ws46\">Other financial assets<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x5b2 h38 y2f9a ffb0 fs5 fc7 sc0 ls9 ws1\">Cash<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30a h38 y2f9b ffb0 fs5 fc7 sc0 ls57 ws46\">4.5.4<span class=\"_ _2b5\"> </span></td><td class=\"c n xd56 y2f9c w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd57 y2f9c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd58 y2f9c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd59 y2f9c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd5a y2f9c w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">155.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd5b y2f9c w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">155.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd5c y2f9c w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">155.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x5a1 y2f9c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2f9d w215 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Cash included within disposal group assets held for sale<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd5d y2f9d w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">2.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd5e y2f9d w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd5f y2f9d w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd60 y2f9d w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd61 y2f9d w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd62 y2f9d w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">7.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd63 y2f9d w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">7.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd64 y2f9d w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">7.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd65 y2f9d w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2f9e w216 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">Total financial assets<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xd66 y2f9e w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">17.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd67 y2f9e w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd68 y2f9e w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">16.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd69 y2f9e w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">253.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6a y2f9e w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">287.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6b y2f9e w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">190.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xac8 y2f9e we9 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">97.<span class=\"_ _2a\"></span>2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2f9f ffaf fs5 fc7 sc0 ls9 ws1\">Financial liabilities<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x460 y2fa0 w182 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6c y2fa0 w10a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6d y2fa0 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6e y2fa0 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6f y2fa0 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd70 y2fa0 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd71 y2fa0 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">262.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd72 y2fa0 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">262.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd73 y2fa0 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd74 y2fa0 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">262.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fa1 w187 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Other finance<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd75 y2fa1 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd76 y2fa1 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd77 y2fa1 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd78 y2fa1 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd79 y2fa1 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd7a y2fa1 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd7b y2fa1 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd7c y2fa1 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fa2 w20d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Cash flow hedges \u2013 foreign exchange contracts<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0e y2fa2 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">4.2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0f y2fa2 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Level-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd10 y2fa2 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd11 y2fa2 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd12 y2fa2 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">3.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd13 y2fa2 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd14 y2fa2 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">3.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd15 y2fa2 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">1.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd16 y2fa2 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">2.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fa3 w217 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Cash flow hedges \u2013 currency swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd7d y2fa3 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">4.2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd7e y2fa3 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Level-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd7f y2fa3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd80 y2fa3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd81 y2fa3 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">1.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd82 y2fa3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd83 y2fa3 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">1.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd84 y2fa3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd85 y2fa3 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">1.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fa4 w1b6 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Cash flow hedges \u2013 interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd86 y2fa4 w218 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">4.2.<span class=\"_ _2a\"></span>4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd87 y2fa4 w210 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Level-<span class=\"_ _2a\"></span>2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd88 y2fa4 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd89 y2fa4 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd8a y2fa4 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd8b y2fa4 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd8c y2fa4 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd8d y2fa4 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd8e y2fa4 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fa5 w20f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Non-designated foreign exchange forwards and swaps<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd20 y2fa5 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Level-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd21 y2fa5 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd22 y2fa5 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd23 y2fa5 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd24 y2fa5 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd25 y2fa5 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd26 y2fa5 w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.<span class=\"_ _2a\"></span>1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd8f y2fa5 w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.<span class=\"_ _2a\"></span>1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fa6 w185 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Cross-currency interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd28 y2fa6 w10a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd29 y2fa6 w210 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Lev<span class=\"_ _2a\"></span>el-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2a y2fa6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2b y2fa6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd90 y2fa6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd91 y2fa6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd92 y2fa6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd93 y2fa6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd16 y2fa6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fa7 w189 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Deferred consideration payable<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd31 y2fa7 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd32 y2fa7 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd33 y2fa7 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd34 y2fa7 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd35 y2fa7 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd36 y2fa7 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd37 y2fa7 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd38 y2fa7 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fa8 w181 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Put options of non-controlling interests<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd94 y2fa8 w219 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">c<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd95 y2fa8 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">Level-3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd96 y2fa8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd97 y2fa8 w49 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">8.<span class=\"_ _2a\"></span>5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd98 y2fa8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd99 y2fa8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd9a y2fa8 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">8.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd9b y2fa8 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">8.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd9c y2fa8 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n xd9d y2fa9 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd9e y2fa9 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">8.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd9f y2fa9 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">6.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda0 y2fa9 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">263.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda1 y2fa9 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">278.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda2 y2fa9 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">10.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda3 y2fa9 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">267.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2faa ffaf fs5 fc7 sc0 ls9 ws1\">Other financial liabilities<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x460 y2fab w63 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Overdrafts<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda4 y2fab w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">4.5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda5 y2fab w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda6 y2fab w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda7 y2fab w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda8 y2fab w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda9 y2fab w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">95.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdaa y2fab w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">95.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdab y2fab w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">95.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdac y2fab w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fac w68 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdad y2fac w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">4.4.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdae y2fac w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb0 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdaf y2fac w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb0 y2fac w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb1 y2fac w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb2 y2fac w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">363.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb3 y2fac w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">363.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb4 y2fac w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">51.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb5 y2fac w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffaf fs5 fc7 sc0 ls57 ws46\">312.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fad w21a h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls9 ws1\">Total financial liabilities<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xdb6 y2fad w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb7 y2fad w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">8.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb8 y2fad w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">6.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xadc y2fad w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">721.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb9 y2fad w56 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">736.<span class=\"_ _2a\"></span>7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdba y2fad w56 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">156.<span class=\"_ _2a\"></span>9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdbb y2fad w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffaf fs5 fc7 sc0 ls57 ws46\">579.8<span class=\"_ _2b5\"> </span></div></td></tr></table>Financial assets measured at amortised cost consist of cash, lease receivables, o<span class=\"_ _1\"></span>riginated loans and deferred consideration receivable. The carrying value of cash is a re<span class=\"_ _1\"></span>asonable approximation of its fair value due to the short-term nature of the instruments. Lease receivables, origin<span class=\"_ _1\"></span>ated loans and deferred consideration receivable are measured at amortised cost using the e<span class=\"_ _1\"></span>ffective interest rate method. Included in other investments are <span class=\"ls57 ws46\">\u00a30.7m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a30.8m</span>) of strategic investments in unlisted eq<span class=\"_ _1\"></span>uity securities which are not held-for-trading and the Group elected to recognise a<span class=\"_ _1\"></span>t Fair Value through Other Comprehensive Income (FVOCI). During the period no dividends were received from, and no<span class=\"_ _1\"></span> disposals were made of, strategic investments.<span class=\"_ _2b5\"> </span>The financial assets at Fair Value through Profit and Loss (FVPL) relate to<span class=\"_ _1\"></span> the Group\u2019s minority shareholding in companies as part of Capita Scaling Partners. The asse<span class=\"_ _1\"></span>ts are revalued when reliable information on fair value becomes available, which is normally at each fund<span class=\"_ _1\"></span>ing round.<span class=\"_ _2b5\"> </span>Financial liabilities measured at amortised cost consist of loan notes, overdra<span class=\"_ _1\"></span>fts, lease liabilities, credit facilities and deferred consideration payable. With the exception of ce<span class=\"_ _1\"></span>rtain series within the fixed rate private placement loan notes, the carrying value of financial liabilities a<span class=\"_ _1\"></span>re a reasonable approximation of their fair value. This is because either the interest payable is close to marke<span class=\"_ _1\"></span>t rates or the liability is short-<span class=\"_ _2b5\"> </span>term in nature. The private placement loan note series, for which this app<span class=\"_ _1\"></span>roximation does not apply, are those that are subject to longer term fixed rate of interest \u2013 these have<span class=\"_ _1\"></span> an underlying carrying value of \u00a3173.9m (2022<span class=\"ls9 ws1\">: \u00a3144.9m) and a fair value of \u00a3166.3m (</span>2022<span class=\"ls9 ws1\">: \u00a313<span class=\"_ _1\"></span>0.2m). Lease liabilities and deferred </span>consideration payable are measured at amortised cost using the e<span class=\"_ _1\"></span>ffective interest rate method.<span class=\"_ _2b5\"> </span>The Group\u2019s key financial liabilities are set out below:<span class=\"_ _2b5\"> </span>a. Private placement loan notes<span class=\"_ _2b5\"> </span>The private placement loan notes were issued in USD and GBP. The Group<span class=\"_ _1\"></span> manages its exposure to foreign exchange and interest rate movements through cross-curren<span class=\"_ _1\"></span>cy interest rate swaps, interest rate swaps, and forward foreign exchange contracts.<span class=\"_ _2b5\"> </span>b. Bank facilities<span class=\"_ _2b5\"> </span>Details of the Group\u2019s bank facilities are provided in the liquidity section abo<span class=\"_ _1\"></span>ve. At <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span>, the total value of committed facilities was <span class=\"ls57 ws46\">\u00a3260.7m</span>, of which none<span class=\"_ _1\"></span> was drawn (<span class=\"ls57 ws46\">2022</span>: total facilities of \u00a3<span class=\"ls57 ws46\">288.4</span>m of which none was drawn). The committed facilities were subsequently redu<span class=\"_ _1\"></span>ced to \u00a3250m on 23<span class=\"_ gs15\"> </span>January 2024 following receipt of proceeds from the Fera disposal (refer to n<span class=\"_ _1\"></span>ote 6.3).<span class=\"_ _2b5\"> </span>c. Put options of non-controlling interests<span class=\"_ _2b5\"> </span>The liability at <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span> represents the present value of the cost to acqu<span class=\"_ _1\"></span>ire the non-controlling interest in Fera Science Limited. The option held by the non-con<span class=\"_ _1\"></span>trolling shareholder of Fera Science Limited has been exercisable since April 2021. A sensitivity analysis assuming a 10% incre<span class=\"_ _1\"></span>ase/decrease in the earnings potential of the business results in a \u00a30.9m increase/decre<span class=\"_ _1\"></span>ase in the valuation. The put option expired without being exercised on completion of the sale of the Gro<span class=\"_ _1\"></span>up\u2019s shareholding in Fera Science Limited on 17<span class=\"_ gs15\"> </span>January 2024 (refer to note<span class=\"_ gs15\"> </span>6.3), and the relate<span class=\"_ _1\"></span>d liability was de-recognised. Upon inception of the option agreements, management determined that changes in the carrying amount would be recognised within equity. This has been applied consistently.<span class=\"_ _2b5\"> </span><table class=\"s w21b ha7\" id=\"_f224f7fe-d382-43d7-9bfc-9a9e07cafef8\"><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 x601 h3a y2fae ffb4 fs8 fc7 sc0 ls58 ws47\">Derivatives<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xdbc h3a y2faf ffb4 fs8 fc7 sc0 ls58 ws47\">used for<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xdbd h3a y2faf ffb4 fs8 fc7 sc0 ls58 ws47\">Amortised<span class=\"_ _2b5\"> </span></td><td></td><td></td><td class=\"t m0 xcfc h3a y2faf ffb4 fs8 fc7 sc0 ls58 ws47\">Non-<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td class=\"t m0 x37b h3a y2fb0 ffb4 fs8 fc7 sc0 ls58 ws47\">Fair value<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x574 h3a y2fb0 ffb4 fs8 fc7 sc0 ls9 ws1\">FVPL<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xcfd h3a y2fb0 ffb4 fs8 fc7 sc0 ls58 ws47\">FVOCI<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xdbe h3a y2fb0 ffb4 fs8 fc7 sc0 ls58 ws47\">hedging<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xdbf h3a y2fb0 ffb4 fs8 fc7 sc0 ls9 ws1\">cost<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x378 h3a y2fb0 ffb4 fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x587 h3a y2fb0 ffb4 fs8 fc7 sc0 ls58 ws47\">Current<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x859 h3a y2fb0 ffb4 fs8 fc7 sc0 ls58 ws47\">current<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2fb1 w21c h67\"><div class=\"t m0 x2bd h3a y2c9f ffb4 fs8 fc7 sc0 ls58 ws47\">At 31<span class=\"_ gs234\"> </span>December 2022<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdc0 y2fb1 w20c h67\"><div class=\"t m0 x2bd h3a y2c9f ffb4 fs8 fc7 sc0 ls58 ws47\">Note<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 x4ea h3a y2fb2 ffb4 fs8 fc7 sc0 ls58 ws47\">hierarchy<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xa76 h3a y2fb2 ffb4 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xd02 h3a y2fb2 ffb4 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xd03 h3a y2fb2 ffb4 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x56e h3a y2fb2 ffb4 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xd04 h3a y2fb2 ffb4 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x2bb h3a y2fb2 ffb4 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x383 h3a y2fb2 ffb4 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y2fb3 ffb3 fs5 fc7 sc0 ls57 ws46\">Financial assets<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x460 y2fb4 w200 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Lease receivables<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd05 y2fb4 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">4.4.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd06 y2fb4 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd07 y2fb4 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd08 y2fb4 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd09 y2fb4 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0a y2fb4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">76.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0b y2fb4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">76.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0c y2fb4 w49 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">5.<span class=\"_ _2a\"></span>9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0d y2fb4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">70.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fb5 w20d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Cash flow hedges \u2013 foreign exchange contracts<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0e y2fb5 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">4.2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0f y2fb5 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Level-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd10 y2fb5 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd11 y2fb5 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd12 y2fb5 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd13 y2fb5 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd14 y2fb5 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd15 y2fb5 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">3.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd16 y2fb5 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">2.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fb6 w20f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Non-designated foreign exchange forwards and swaps<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd20 y2fb6 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Level-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd21 y2fb6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">5.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd22 y2fb6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd23 y2fb6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd24 y2fb6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd25 y2fb6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">5.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd26 y2fb6 w49 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">4.<span class=\"_ _2a\"></span>4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd8f y2fb6 w49 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.<span class=\"_ _2a\"></span>9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fb7 w185 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Cross-currency interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd28 y2fb7 w10a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd29 y2fb7 w210 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Lev<span class=\"_ _2a\"></span>el-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2a y2fb7 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2b y2fb7 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2c y2fb7 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">25.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2d y2fb7 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2e y2fb7 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">25.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdc1 y2fb7 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">8.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdc2 y2fb7 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">17.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fb8 w211 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Originated loans receivable<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd31 y2fb8 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd32 y2fb8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd33 y2fb8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd34 y2fb8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd35 y2fb8 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd36 y2fb8 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd37 y2fb8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd38 y2fb8 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fb9 w212 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Financial assets at fair value through P&amp;L<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd39 y2fb9 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Level-3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3a y2fb9 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">17.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3b y2fb9 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3c y2fb9 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3d y2fb9 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3e y2fb9 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">17.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd3f y2fb9 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd40 y2fb9 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">17.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fba w213 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Financial assets at fair value through OCI<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd41 y2fba w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Level-3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd42 y2fba w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd43 y2fba w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd44 y2fba w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd45 y2fba w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd46 y2fba w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd47 y2fba w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd48 y2fba w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fbb w214 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Deferred consideration receivable<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd49 y2fbb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd10 y2fbb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd11 y2fbb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd4a y2fbb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd4b y2fbb w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">10.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd4c y2fbb w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">10.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdc3 y2fbb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">2.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdc4 y2fbb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">8.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n xd4f y2fbc w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">22.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd50 y2fbc w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd51 y2fbc w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">31.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd52 y2fbc w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">87.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd53 y2fbc w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">141.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd54 y2fbc w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">23.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdbb y2fbc w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">118.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2fbd ffb3 fs5 fc7 sc0 ls57 ws46\">Other financial assets<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x460 y2fbe w61 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Cash<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd0e y2fbe w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">4.5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdc5 y2fbe w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2a y2fbe w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2b y2fbe w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdc6 y2fbe w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdc7 y2fbe w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">396.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdc8 y2fbe w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">396.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdc9 y2fbe w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">396.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdca y2fbe w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fbf w216 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb3 fs5 fc7 sc0 ls57 ws46\">Total financial assets<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xd66 y2fbf w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">22.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd67 y2fbf w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd68 y2fbf w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">31.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd69 y2fbf w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">484.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6a y2fbf w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">538.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6b y2fbf w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">420.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdcb y2fbf w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">118.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2fc0 ffb3 fs5 fc7 sc0 ls9 ws1\">Financial liabilities<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x460 y2e1c w182 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Private placement loan notes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6c y2e1c w10a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6d y2e1c w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6e y2e1c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd6f y2e1c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd70 y2e1c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd71 y2e1c w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">285.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd72 y2e1c w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">285.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdcc y2e1c w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">74.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdcd y2e1c w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">210.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2d79 w187 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Other finance<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd75 y2d79 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd76 y2d79 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd77 y2d79 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd78 y2d79 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd79 y2d79 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd7a y2d79 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd7b y2d79 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd7c y2d79 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2d7c w20f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Non-designated foreign exchange forwards and swaps<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd20 y2d7c w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Level-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd21 y2d7c w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd22 y2d7c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd23 y2d7c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd24 y2d7c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd25 y2d7c w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd26 y2d7c w49 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.<span class=\"_ _2a\"></span>1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd27 y2d7c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2d7d w185 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Cross-currency interest rate swaps<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd28 y2d7d w10a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd29 y2d7d w210 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Lev<span class=\"_ _2a\"></span>el-2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2a y2d7d w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd2b y2d7d w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd90 y2d7d w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">1.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd91 y2d7d w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd92 y2d7d w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">1.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd93 y2d7d w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd16 y2d7d w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">1.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2e0f w189 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Deferred consideration payable<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xd31 y2e0f w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd32 y2e0f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd33 y2e0f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd34 y2e0f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd35 y2e0f w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd36 y2e0f w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd37 y2e0f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd38 y2e0f w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2e10 w181 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Put options of non-controlling interests<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdce y2e10 w219 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">c<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdcf y2e10 w20e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">Level-3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdd0 y2e10 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdd1 y2e10 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">9.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdd2 y2e10 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdd3 y2e10 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdd4 y2e10 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">9.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdd5 y2e10 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">9.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdd6 y2e10 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td></td><td></td><td class=\"c n xd9d y2e11 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd9e y2e11 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">9.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xd9f y2e11 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">1.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda0 y2e11 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">286.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda1 y2e11 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">297.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda2 y2e11 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">84.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda3 y2e11 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">212.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y2fc1 ffb3 fs5 fc7 sc0 ls9 ws1\">Other financial liabilities<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x460 y2bf8 w63 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Overdrafts<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda4 y2bf8 w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">4.5.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda5 y2bf8 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda6 y2bf8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda7 y2bf8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xda8 y2bf8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdd7 y2bf8 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">219.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdd8 y2bf8 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">219.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdd9 y2bf8 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">219.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdda y2bf8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2bfb w68 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">Lease liabilities<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdad y2bfb w4e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">4.4.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdae y2bfb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">n/a<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdaf y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb0 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb1 y2bfb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb2 y2bfb w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">397.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb3 y2bfb w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">397.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb4 y2bfb w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">55.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb5 y2bfb w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">341.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w21a h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb3 fs5 fc7 sc0 ls9 ws1\">Total financial liabilities<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xdb6 y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb7 y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">9.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb8 y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">1.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xadc y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">904.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdb9 y2be6 w56 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">914.<span class=\"_ _2a\"></span>3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdba y2be6 w56 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">359.<span class=\"_ _2a\"></span>8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdbb y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb4 fs5 fc7 sc0 ls57 ws46\">554.5<span class=\"_ _2b5\"> </span></div></td></tr></table>The following table shows the movement from the opening balan<span class=\"_ _1\"></span>ces to the closing balances for Level-3 fair values.<span class=\"_ _2b5\"> </span><table class=\"s w21d ha8\" id=\"_d729e5d7-ed4e-4ce0-8432-165d4b82b47e\"><tr><td></td><td class=\"t m0 xddb h3a y2fc2 ffb6 fs8 fc7 sc0 ls58 ws47\">Put options of </td><td class=\"t m0 xc94 h3a y2fc2 ffb6 fs8 fc7 sc0 ls58 ws47\">Investments<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x8d3 h3a y2fc3 ffb6 fs8 fc7 sc0 ls58 ws47\">non-controlling</td><td class=\"t m0 xddc h3a y2fc3 ffb6 fs8 fc7 sc0 ls58 ws47\"> FVPL and<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x8df h3a y2fc4 ffb6 fs8 fc7 sc0 ls58 ws47\">interests</td><td class=\"t m0 x53e h3a y2fc4 ffb6 fs8 fc7 sc0 ls58 ws47\"> FVOCI<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 xbd3 h3a y2fc5 ffb6 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2fc5 ffb6 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2fc6 w1c7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">At 1 January <span class=\"ls57 ws46\">2022<span class=\"_ _2b5\"> </span></span></div></td><td class=\"c n x791 y2fc6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">8.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9ca y2fc6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">9.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fc7 w21e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">Change in put-options recognised in other comprehensive income<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x434 y2fc7 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">0.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xddd y2fc7 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fc8 w1a7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">Additions<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xdde y2fc8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9d0 y2fc8 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">2.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fc9 w21f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">Reclassification from other investment categories<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xddf y2fc9 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x51d y2fc9 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">0.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fca w220 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">Gain in fair value recognised in income statement<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xde0 y2fca w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7c6 y2fca w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">5.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fcb w221 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">Gain in fair value recognised in other comprehensive income<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xde1 y2fcb w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xde2 y2fcb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fcc w79 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">At 31 December <span class=\"ls57 ws46\">2022<span class=\"_ _2b5\"> </span></span></div></td><td class=\"c n xde3 y2fcc w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">9.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xde4 y2fcc w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">18.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2fcd w21e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls57 ws46\">Change in put-options recognised in other comprehensive income<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xde5 y2fcd w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls9 ws1\">(0.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xde6 y2fcd w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ea3 w1d1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">Disposals<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x771 y2ea3 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x772 y2ea3 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls9 ws1\">(0.3)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ea4 w221 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb6 fs5 fc7 sc0 ls9 ws1\">Loss in fair value recognised in other comprehensive income<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xde1 y2ea4 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x361 y2ea4 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb5 fs5 fc7 sc0 ls9 ws1\">(0.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w222 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffb5 fs5 fc7 sc0 ls57 ws46\">At 31<span class=\"_ gs15\"> </span>December 2023<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xde7 y2be6 w26 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffb5 fs5 fc7 sc0 ls57 ws46\">8.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xde8 y2be6 w37 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffb5 fs5 fc7 sc0 ls57 ws46\">17.6<span class=\"_ _2b5\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfFairValueOfFinancialInstrumentsExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-485": {
   "value": "<div class=\"t m0 h37 ffb7 fs3 fc6 sc0 ls9 ws1 gs6e0\">4.6 Issued share capital<span class=\"_ _2b5\"> </span></div><div class=\"gs6e1\"><table class=\"s w53 hab\" id=\"_19e3c4b6-41e0-4617-b07f-cd510c737a6f\"><tr><td></td><td class=\"t m0 x7a6 h3b y2fe2 ffb7 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x833 h3a y2fe2 ffb8 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x307 h3b y2fe2 ffb7 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y2fe2 ffb8 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y2fe3 ffb7 fs5 fc7 sc0 ls9 ws1\">Allotted, called up and fully paid<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x7a6 h3b y2fe4 ffb7 fs8 fc7 sc0 ls58 ws47\">\u2116 m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xaf8 h3a y2fe4 ffb8 fs8 fc7 sc0 ls58 ws47\">\u2116 m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30a h3b y2fe4 ffb7 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2fe4 ffb8 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c x2be y2bf8 w22c hac\"><div class=\"t m0 x2bd h38 y2fe5 ffb8 fs5 fc7 sc0 ls9 ws1\">Ordinary shares of 2 1/15p each<span class=\"_ _2b5\"> </span></div><div class=\"t m0 xe00 h38 y2bd0 ffb8 fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe01 y2bf8 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb7 fs5 fc7 sc0 ls57 ws46\">1,684.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe02 y2bf8 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls57 ws46\">1,684.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe03 y2bf8 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb7 fs5 fc7 sc0 ls57 ws46\">34.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe04 y2bf8 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls57 ws46\">34.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fe6 w22d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls9 ws1\">Issue of share capital<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe05 y2fe6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb7 fs5 fc7 sc0 ls57 ws46\">17.0</div></td><td class=\"t m0 xe06 h38 y2fe7 ffb8 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _ff\"> </span>\u2014 </td><td class=\"t m0 x696 h39 y2fe8 ffb7 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _1a7\"> </span>0.4 </td><td class=\"t m0 x47c h38 y2fe7 ffb8 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _ff\"> </span>\u2014 </td></tr><tr><td class=\"c n x460 y2be6 w154 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls9 ws1\">At 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe07 y2be6 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb7 fs5 fc7 sc0 ls57 ws46\">1,701.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe08 y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls57 ws46\">1,684.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe09 y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb7 fs5 fc7 sc0 ls57 ws46\">35.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe0a y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls57 ws46\">34.8<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"gs6e2\"><table class=\"s w53 had\" id=\"_acbedb4c-3ca3-4ad0-a7db-f19d0a381430\"><tr><td></td><td class=\"t m0 x307 h3b y2fe9 ffb7 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y2fe9 ffb8 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y2fea ffb7 fs5 fc7 sc0 ls57 ws46\">Share premium<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30a h3b y2feb ffb7 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2feb ffb8 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c x2be y2d68 w22c hac\"><div class=\"t m0 x2bd h38 y2fe5 ffb8 fs5 fc7 sc0 ls9 ws1\">Ordinary shares of 2 1/15p each<span class=\"_ _2b5\"> </span></div><div class=\"t m0 xe00 h38 y2bd0 ffb8 fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe0b y2d68 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb7 fs5 fc7 sc0 ls57 ws46\">1,145.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe0c y2d68 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls57 ws46\">1,145.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2be6 w154 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls9 ws1\">At 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe0d y2be6 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb7 fs5 fc7 sc0 ls57 ws46\">1,145.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe0e y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls57 ws46\">1,145.5<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"gs6e3\"><table class=\"s w22e hae\" id=\"_b5c4b4b4-711c-49ca-8432-970f66234f5b\"><tr><td></td><td class=\"t m0 x7a6 h3b y2fec ffb7 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x833 h3a y2fec ffb8 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x307 h3b y2fec ffb7 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y2fec ffb8 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y2fed ffb7 fs5 fc7 sc0 ls57 ws46\">Employee benefit trust shares<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x7a6 h3b y2fee ffb7 fs8 fc7 sc0 ls58 ws47\">\u2116 m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xaf8 h3a y2fee ffb8 fs8 fc7 sc0 ls58 ws47\">\u2116 m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30a h3b y2fee ffb7 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2fee ffb8 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h38 y2fef ffb8 fs5 fc7 sc0 ls9 ws1\">Ordinary shares of 2 1/15p<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x460 y2e12 w19a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe0f y2e12 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb7 fs5 fc7 sc0 ls57 ws46\">9.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe10 y2e12 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls57 ws46\">18.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe11 y2e12 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb7 fs5 fc7 sc0 ls9 ws1\">(4.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe12 y2e12 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls9 ws1\">(8.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2bf8 w22f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls57 ws46\">Shares purchased<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe13 y2bf8 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb7 fs5 fc7 sc0 ls57 ws46\">17.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe14 y2bf8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe15 y2bf8 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb7 fs5 fc7 sc0 ls9 ws1\">(0.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe16 y2bf8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2bfb w230 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls9 ws1\">Issued on exercise of share options<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe17 y2bfb w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb7 fs5 fc7 sc0 ls9 ws1\">(9.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe18 y2bfb w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls9 ws1\">(8.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe19 y2bfb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb7 fs5 fc7 sc0 ls57 ws46\">3.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe1a y2bfb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls57 ws46\">3.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2be6 w154 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls9 ws1\">At 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe1b y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb7 fs5 fc7 sc0 ls57 ws46\">16.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe1c y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls57 ws46\">9.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe1d y2be6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb7 fs5 fc7 sc0 ls9 ws1\">(0.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe1e y2be6 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls9 ws1\">(4.2)<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ffb8 fs5 fc7 sc0 ls9 ws1 gs6e4\">The Group will use shares held in the Employee Benefit Trust (EBT) shares to<span class=\"_ _1\"></span> satisfy future requirements </div><div class=\"t m0 h38 ffb8 fs5 fc7 sc0 ls9 ws1 gs6e5\">for shares under the Group\u2019s share option and long-term incentive p<span class=\"_ _1\"></span>lans. On 2<span class=\"_ gs15\"> </span>June 2023, 17m ordinary </div><div class=\"t m0 h38 ffb8 fs5 fc7 sc0 ls57 ws46 gs6e6\">2<span class=\"_ gs15\"> </span>1/15 pence shares (2022<span class=\"ls9 ws1\">: nil) were allotted to the EBT for an aggregate nominal value of \u00a3351,33<span class=\"_ _1\"></span>2 to </span></div><div class=\"t m0 h38 ffb8 fs5 fc7 sc0 ls9 ws1 gs6e7\">satisfy exercises under the Group\u2019s share plans. The total consideration<span class=\"_ _1\"></span> received in respect of these shares </div><div class=\"t m0 h38 ffb8 fs5 fc7 sc0 ls57 ws46 gs6e8\">was \u00a3351,332. During the year, 9,496,440 (2022<span class=\"ls9 ws1\">: 8,770,217) shares with a value of </span>\u00a33.9m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a33.8m<span class=\"ls9 ws1\">) </span></div><div class=\"t m0 h38 ffb8 fs5 fc7 sc0 ls9 ws1 gs6e9\">were transferred out of the EBT to satisfy exercises under the Group's share o<span class=\"_ _1\"></span>ption and long-term incentive </div><div class=\"t m0 h38 ffb8 fs5 fc7 sc0 ls9 ws1 gs6ea\">plans. The total consideration received in respect of these shares was \u00a3<span class=\"_ _1\"></span>nil (<span class=\"ls57 ws46\">2022</span>: \u00a3nil).<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffb8 fs5 fc7 sc0 ls9 ws1 gs6eb\">The Group has an unexpired authority to repurchase up to 9<span class=\"_ _1\"></span>.9% of its issued share capital.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfShareCapitalReservesAndOtherEquityInterestExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-511": {
   "value": "4.6 Issued share capital<span class=\"_ _2b5\"> </span><table class=\"s w53 hab\" id=\"_19e3c4b6-41e0-4617-b07f-cd510c737a6f\"><tr><td></td><td class=\"t m0 x7a6 h3b y2fe2 ffb7 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x833 h3a y2fe2 ffb8 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x307 h3b y2fe2 ffb7 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y2fe2 ffb8 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y2fe3 ffb7 fs5 fc7 sc0 ls9 ws1\">Allotted, called up and fully paid<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x7a6 h3b y2fe4 ffb7 fs8 fc7 sc0 ls58 ws47\">\u2116 m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xaf8 h3a y2fe4 ffb8 fs8 fc7 sc0 ls58 ws47\">\u2116 m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30a h3b y2fe4 ffb7 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2fe4 ffb8 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c x2be y2bf8 w22c hac\"><div class=\"t m0 x2bd h38 y2fe5 ffb8 fs5 fc7 sc0 ls9 ws1\">Ordinary shares of 2 1/15p each<span class=\"_ _2b5\"> </span></div><div class=\"t m0 xe00 h38 y2bd0 ffb8 fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe01 y2bf8 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb7 fs5 fc7 sc0 ls57 ws46\">1,684.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe02 y2bf8 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls57 ws46\">1,684.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe03 y2bf8 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb7 fs5 fc7 sc0 ls57 ws46\">34.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe04 y2bf8 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls57 ws46\">34.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2fe6 w22d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls9 ws1\">Issue of share capital<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe05 y2fe6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb7 fs5 fc7 sc0 ls57 ws46\">17.0</div></td><td class=\"t m0 xe06 h38 y2fe7 ffb8 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _ff\"> </span>\u2014 </td><td class=\"t m0 x696 h39 y2fe8 ffb7 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _1a7\"> </span>0.4 </td><td class=\"t m0 x47c h38 y2fe7 ffb8 fs5 fc7 sc0 ls9 ws1\"> <span class=\"_ _ff\"> </span>\u2014 </td></tr><tr><td class=\"c n x460 y2be6 w154 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls9 ws1\">At 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe07 y2be6 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb7 fs5 fc7 sc0 ls57 ws46\">1,701.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe08 y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls57 ws46\">1,684.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe09 y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb7 fs5 fc7 sc0 ls57 ws46\">35.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe0a y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls57 ws46\">34.8<span class=\"_ _2b5\"> </span></div></td></tr></table><table class=\"s w53 had\" id=\"_acbedb4c-3ca3-4ad0-a7db-f19d0a381430\"><tr><td></td><td class=\"t m0 x307 h3b y2fe9 ffb7 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y2fe9 ffb8 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y2fea ffb7 fs5 fc7 sc0 ls57 ws46\">Share premium<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30a h3b y2feb ffb7 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2feb ffb8 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c x2be y2d68 w22c hac\"><div class=\"t m0 x2bd h38 y2fe5 ffb8 fs5 fc7 sc0 ls9 ws1\">Ordinary shares of 2 1/15p each<span class=\"_ _2b5\"> </span></div><div class=\"t m0 xe00 h38 y2bd0 ffb8 fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe0b y2d68 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb7 fs5 fc7 sc0 ls57 ws46\">1,145.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe0c y2d68 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls57 ws46\">1,145.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2be6 w154 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls9 ws1\">At 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe0d y2be6 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb7 fs5 fc7 sc0 ls57 ws46\">1,145.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe0e y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls57 ws46\">1,145.5<span class=\"_ _2b5\"> </span></div></td></tr></table><table class=\"s w22e hae\" id=\"_b5c4b4b4-711c-49ca-8432-970f66234f5b\"><tr><td></td><td class=\"t m0 x7a6 h3b y2fec ffb7 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x833 h3a y2fec ffb8 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x307 h3b y2fec ffb7 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y2fec ffb8 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y2fed ffb7 fs5 fc7 sc0 ls57 ws46\">Employee benefit trust shares<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x7a6 h3b y2fee ffb7 fs8 fc7 sc0 ls58 ws47\">\u2116 m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xaf8 h3a y2fee ffb8 fs8 fc7 sc0 ls58 ws47\">\u2116 m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30a h3b y2fee ffb7 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y2fee ffb8 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h38 y2fef ffb8 fs5 fc7 sc0 ls9 ws1\">Ordinary shares of 2 1/15p<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x460 y2e12 w19a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe0f y2e12 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb7 fs5 fc7 sc0 ls57 ws46\">9.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe10 y2e12 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls57 ws46\">18.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe11 y2e12 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb7 fs5 fc7 sc0 ls9 ws1\">(4.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe12 y2e12 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls9 ws1\">(8.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2bf8 w22f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls57 ws46\">Shares purchased<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe13 y2bf8 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb7 fs5 fc7 sc0 ls57 ws46\">17.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe14 y2bf8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe15 y2bf8 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb7 fs5 fc7 sc0 ls9 ws1\">(0.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe16 y2bf8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2bfb w230 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls9 ws1\">Issued on exercise of share options<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe17 y2bfb w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb7 fs5 fc7 sc0 ls9 ws1\">(9.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe18 y2bfb w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls9 ws1\">(8.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe19 y2bfb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb7 fs5 fc7 sc0 ls57 ws46\">3.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe1a y2bfb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls57 ws46\">3.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x460 y2be6 w154 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls9 ws1\">At 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe1b y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb7 fs5 fc7 sc0 ls57 ws46\">16.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe1c y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls57 ws46\">9.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe1d y2be6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffb7 fs5 fc7 sc0 ls9 ws1\">(0.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe1e y2be6 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffb8 fs5 fc7 sc0 ls9 ws1\">(4.2)<span class=\"_ _2b5\"> </span></div></td></tr></table>The Group will use shares held in the Employee Benefit Trust (EBT) shares to<span class=\"_ _1\"></span> satisfy future requirements for shares under the Group\u2019s share option and long-term incentive p<span class=\"_ _1\"></span>lans. On 2<span class=\"_ gs15\"> </span>June 2023, 17m ordinary 2<span class=\"_ gs15\"> </span>1/15 pence shares (2022<span class=\"ls9 ws1\">: nil) were allotted to the EBT for an aggregate nominal value of \u00a3351,33<span class=\"_ _1\"></span>2 to </span>satisfy exercises under the Group\u2019s share plans. The total consideration<span class=\"_ _1\"></span> received in respect of these shares was \u00a3351,332. During the year, 9,496,440 (2022<span class=\"ls9 ws1\">: 8,770,217) shares with a value of </span>\u00a33.9m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a33.8m<span class=\"ls9 ws1\">) </span>were transferred out of the EBT to satisfy exercises under the Group's share o<span class=\"_ _1\"></span>ption and long-term incentive plans. The total consideration received in respect of these shares was \u00a3<span class=\"_ _1\"></span>nil (<span class=\"ls57 ws46\">2022</span>: \u00a3nil).<span class=\"_ _2b5\"> </span>The Group has an unexpired authority to repurchase up to 9<span class=\"_ _1\"></span>.9% of its issued share capital.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfIssuedCapitalExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-486": {
   "value": "<div class=\"t m0 h37 ffb7 fs3 fc6 sc0 ls9 ws1 gs6ed\">4.7 Group composition and non-controlling interests<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffb8 fs5 fc7 sc0 ls9 ws1 gs6ee\">The Group\u2019s subsidiaries are listed in notes<span class=\"_ gs15\"> </span>7.3.3 and 7.3.16 of the<span class=\"_ _1\"></span> Parent Company financial statements o<span class=\"ls57 ws46\">n </span></div><div class=\"t m0 h38 ffb8 fs5 fc7 sc0 ls57 ws46 gs6ef\">pages 221, 222 and 225 to 228. </div><div class=\"t m0 h38 ffb8 fs5 fc7 sc0 ls9 ws1 gs6f0\">The Group holds a majority of the voting rights in all of its subsidiaries and<span class=\"_ _1\"></span> the directors have determined </div><div class=\"t m0 h38 ffb8 fs5 fc7 sc0 ls9 ws1 gs6f1\">that, other than the entity commented on below, in each case the Gro<span class=\"_ _1\"></span>up exercises de facto control.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffb8 fs5 fc7 sc0 ls9 ws1 gs6f2\">On 23<span class=\"_ gs15\"> </span>September 2014, the Secretary of State for the Department for Ene<span class=\"_ _1\"></span>rgy and Climate Change granted </div><div class=\"t m0 h38 ffb8 fs5 fc7 sc0 ls9 ws1 gs6f3\">Smart DCC Limited (DCC), a wholly-owned subsidiary of the Group, a licence to establish a<span class=\"_ _1\"></span>nd manage the </div><div class=\"t m0 h38 ffb8 fs5 fc7 sc0 ls9 ws1 gs6f4\">smart metering communications infrastructure, governed by the Smart Energy Cod<span class=\"_ _1\"></span>e. Each year the Group </div><div class=\"t m0 h38 ffb8 fs5 fc7 sc0 ls9 ws1 gs6f5\">reassess whether it has control over DCC as required under IFRS<span class=\"_ gs15\"> </span>10 <span class=\"_ _1\"></span><span class=\"ffb9 ls57 ws46\">Consolidated Financial Statements<span class=\"ffb8 ls9 ws1\">. </span></span></div><div class=\"t m0 h38 ffb8 fs5 fc7 sc0 ls9 ws1 gs6f6\">The Group\u2019s ability to control the relevant activities of DCC is restricted by DCC\u2019s operating<span class=\"_ _1\"></span> licence. The </div><div class=\"t m0 h38 ffb8 fs5 fc7 sc0 ls9 ws1 gs6f7\">power that the Group has over DCC\u2019s relevant activities by virtue of owning it is limited (give<span class=\"_ _1\"></span>n the </div><div class=\"t m0 h38 ffb8 fs5 fc7 sc0 ls9 ws1 gs6f8\">restrictions in the licence). That power is held by the board of DCC where the<span class=\"_ _1\"></span> Group has minority </div><div class=\"t m0 h38 ffb8 fs5 fc7 sc0 ls9 ws1 gs130\">representation in compliance with the licence. Consequently, the Group<span class=\"_ _1\"></span> has not consolidated DCC in its </div><div class=\"t m0 h38 ffb8 fs5 fc7 sc0 ls9 ws1 gs6f9\">Group financial statements. The disclosure of related party transactions with<span class=\"_ _1\"></span> DCC is included in note<span class=\"_ gs15\"> </span>6.1.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCompositionOfGroupExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-512": {
   "value": "4.7 Group composition and non-controlling interests<span class=\"_ _2b5\"> </span>The Group\u2019s subsidiaries are listed in notes<span class=\"_ gs15\"> </span>7.3.3 and 7.3.16 of the<span class=\"_ _1\"></span> Parent Company financial statements o<span class=\"ls57 ws46\">n </span>pages 221, 222 and 225 to 228. The Group holds a majority of the voting rights in all of its subsidiaries and<span class=\"_ _1\"></span> the directors have determined that, other than the entity commented on below, in each case the Gro<span class=\"_ _1\"></span>up exercises de facto control.<span class=\"_ _2b5\"> </span>On 23<span class=\"_ gs15\"> </span>September 2014, the Secretary of State for the Department for Ene<span class=\"_ _1\"></span>rgy and Climate Change granted Smart DCC Limited (DCC), a wholly-owned subsidiary of the Group, a licence to establish a<span class=\"_ _1\"></span>nd manage the smart metering communications infrastructure, governed by the Smart Energy Cod<span class=\"_ _1\"></span>e. Each year the Group reassess whether it has control over DCC as required under IFRS<span class=\"_ gs15\"> </span>10 <span class=\"_ _1\"></span><span class=\"ffb9 ls57 ws46\">Consolidated Financial Statements<span class=\"ffb8 ls9 ws1\">. </span></span>The Group\u2019s ability to control the relevant activities of DCC is restricted by DCC\u2019s operating<span class=\"_ _1\"></span> licence. The power that the Group has over DCC\u2019s relevant activities by virtue of owning it is limited (give<span class=\"_ _1\"></span>n the restrictions in the licence). That power is held by the board of DCC where the<span class=\"_ _1\"></span> Group has minority representation in compliance with the licence. Consequently, the Group<span class=\"_ _1\"></span> has not consolidated DCC in its Group financial statements. The disclosure of related party transactions with<span class=\"_ _1\"></span> DCC is included in note<span class=\"_ gs15\"> </span>6.1.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNoncontrollingInterestsExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-487": {
   "value": "5.1 Share-based payment plans<span class=\"_ _2b5\"> </span>The Group operates a number of executive and employee equity-settled share schemes.<span class=\"_ _2b5\"> </span>Accounting policies<span class=\"_ _2b5\"> </span>The fair value of the equity instrument granted under these sche<span class=\"_ _1\"></span>mes is measured at grant date and is recognised as an expense over the vesting period, which ends on the date on which the relevant em<span class=\"_ _2a\"></span>ployees become fully entitled to the award. Fair value is determined using an<span class=\"_ _1\"></span> option pricing model, only taking into account vesting conditions linked to the price of the shares of the Compa<span class=\"_ _1\"></span>ny (market conditions).<span class=\"_ _2b5\"> </span>No expense is recognised for awards that do not ultimately vest as a result o<span class=\"_ _1\"></span>f not meeting performance or service conditions. Where all service and performance vesting conditions h<span class=\"_ _1\"></span>ave been met, the awards are treated as vesting, irrespective of whether or not the market condition is satisfied<span class=\"_ _1\"></span>, since market conditions were reflected in the fair value of the equity instruments.<span class=\"_ _2b5\"> </span>At each balance sheet date before vesting, the cumulative expense<span class=\"_ _1\"></span> is calculated, representing the extent to which the vesting period has expired and management\u2019s best estimate<span class=\"_ _1\"></span> of the achievement or otherwise of non-market conditions, the number of equity instruments that will ultimately vest or, in<span class=\"_ _1\"></span> the case of an instrument subject to a market condition, be treated as vesting as described<span class=\"_ _1\"></span> above. The movement in cumulative expense since the previous balance sheet date is recogn<span class=\"_ _1\"></span>ised in the consolidated income statement, with a corresponding adjustment to equity.<span class=\"_ _2b5\"> </span>Where the terms of an award are modified or a new award is designate<span class=\"_ _1\"></span>d as replacing a cancelled or settled award, the cost based on the original award terms continues to be re<span class=\"_ _1\"></span>cognised over the original vesting period adjusted for the incremental fair value of any modification ie th<span class=\"_ _1\"></span>e difference between the fair value of the original award and the fair value of the modified award, both<span class=\"_ _1\"></span> as measured on the date of the modification. No reduction is recognised if this difference is negative.<span class=\"_ _2b5\"> </span>Where an award is cancelled, it is treated as if it had vested on the date o<span class=\"_ _1\"></span>f cancellation, and any cost not yet recognised in the consolidated income statement for the award is e<span class=\"_ _1\"></span>xpensed immediately. Any compensation paid up to the fair value of the award at the cancella<span class=\"_ _1\"></span>tion or settlement date is deducted from equity, with any excess over the fair value being treated as an expense<span class=\"_ _1\"></span> in the consolidated income statement.<span class=\"_ _2b5\"> </span>The expense recognised for share-based payments (before ta<span class=\"_ _1\"></span>x) in respect of employee services received during the year to 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> was </span>\u00a35.5m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a35.4m<span class=\"ls9 ws1\">), all of which arises from equity-settled </span>share based payment transactions. Details of the schemes are as<span class=\"_ gs15\"> </span>follows:<span class=\"_ _2b5\"> </span>Deferred annual bonus plan<span class=\"_ _2b5\"> </span>This scheme is applicable to executive directors. Under this scheme, awards are<span class=\"_ _1\"></span> made annually consisting of only deferred shares, which are linked to the payout under the<span class=\"_ _1\"></span> annual bonus scheme (details of which are contained in the directors\u2019 remuneration report on page 96 to 118).<span class=\"_ _2b5\"> </span>The value of deferred shares is determined by the pay-out under the annual bonus scheme: half of t<span class=\"_ _2a\"></span>he annual bonus is paid in cash and the remainder is deferred into shares under the deferred annual bonus plan or the Capita executive plan. Directors have the option to defer u<span class=\"_ _1\"></span>p to 100% of their annual bonus into deferred shares or net bonus into a restricted share award. The d<span class=\"_ _1\"></span>eferred/restricted shares are held for a period of three years from the date of award, during which they are n<span class=\"_ _1\"></span>ot forfeitable, except in the case of dismissal for gross misconduct.<span class=\"_ _2b5\"> </span>The weighted average share price of options at the date of e<span class=\"_ _1\"></span>xercise in <span class=\"ls57 ws46\">2023</span> was <span class=\"ls57 ws46\">\u00a30.33</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a30.22). The </span>weighted average share price during the year was \u00a30.26<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a30.26<span class=\"ls9 ws1\">).<span class=\"_ _2b5\"> </span></span>The total cash value of the deferred shares awarded during th<span class=\"_ _1\"></span>e year was <span class=\"ls57 ws46\">\u00a30.7m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a30.2m</span>).<span class=\"_ _2b5\"> </span>Long-term incentive plans (LTIPs)<span class=\"_ _2b5\"> </span>The structure of the Group\u2019s LTIP schemes was approved at the Compan<span class=\"_ _1\"></span>y\u2019s Annual General Meeting (AGM) in 2017. From 2021, no new awards will be granted under the<span class=\"_ _1\"></span> LTIP with the final awards under the scheme (the 2020 grant) having vested in April 2023.<span class=\"_ _2b5\"> </span>The 2020 award was split into three equal tranches that vested o<span class=\"_ _1\"></span>n the first, second and third anniversary of the grant date. The first tranche in 2020 was subject to a retention e<span class=\"_ _1\"></span>lement which would vest in full on each annual vesting date, with the remaining 50% subject to a performan<span class=\"_ _1\"></span>ce condition of net debt. Threshold vesting (25%) was dependent on net debt falling to \u00a3872m, target vesting (50%) was<span class=\"_ _2a\"></span> dependent on net debt falling to \u00a3822m and maximum vesting (100%) was dependent on net debt being below \u00a3772m. Tranches<span class=\"_ gs15\"> </span><span class=\"_ _2a\"></span>2 and<span class=\"_ gs15\"> </span>3 were subject to the retention element only apart from the CEO\u2019s awa<span class=\"_ _1\"></span>rd which was subject to relative Total Shareholder Return (TSR) and responsible business scorecard<span class=\"_ _1\"></span> measures.<span class=\"_ _2b5\"> </span>Details of the 2020 LTIP award outturn and vesting levels for executive d<span class=\"_ _1\"></span>irectors are set out in the 2022 directors\u2019 remuneration report, on page 115 of the 2022 Annual Report.<span class=\"_ _2b5\"> </span>All of the above awards are subject to a performance underpin asse<span class=\"_ _1\"></span>ssment of the underlying financial and operational performance of Capita over the performance period.<span class=\"_ _2b5\"> </span><div class=\"t m0 h39 ffbe fs5 fc6 sc0 ls57 ws46 gs732\">Capita Executive Plan 2021<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs733\">The Capita Executive Plan was approved by shareholders at the 20<span class=\"_ _1\"></span>21 AGM. Under this plan, restricted </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs734\">share awards (RSAs) are granted to executives.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs735\">With the exception of the executive directors, RSAs granted in 2021, 2022<span class=\"_ _1\"></span> and 2023 are split into three </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs736\">equal tranches that vest on the first, second and third anniversary of th<span class=\"_ _1\"></span>e grant date. The awards are not </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs737\">subject to specific performance conditions, however there is a general u<span class=\"_ _1\"></span>nderpin regarding Remuneration </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs738\">Committee satisfaction with underlying financial and operational performa<span class=\"_ _1\"></span>nce of Capita over the </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls57 ws46 gs739\">performance period.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs73a\">Details of the Capita Executive Plan RSAs made to executive directors and the asso<span class=\"_ _1\"></span>ciated underpins are </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs73b\">set out in the directors\u2019 remuneration report, on page<span class=\"_ _1\"></span><span class=\"ls57 ws46\"> 111.<span class=\"_ _2b5\"> </span></span></div><div class=\"gs73c\"><table class=\"s w14e hb1\" id=\"_ec14bccc-64eb-4fe0-9f88-44c39c08d5ce\"><tr><td></td><td class=\"t m0 x307 h3b y2ff4 ffbe fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y2ff5 ffbf fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x307 h3b y2ff6 ffbe fs8 fc7 sc0 ls58 ws47\">\u2116 m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xe30 h3a y2ff6 ffbf fs8 fc7 sc0 ls58 ws47\">\u2116 m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2e10 w235 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffbf fs5 fc7 sc0 ls57 ws46\">Outstanding at 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe31 y2e10 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffbe fs5 fc7 sc0 ls57 ws46\">41.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe32 y2e10 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffbf fs5 fc7 sc0 ls57 ws46\">46.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ff7 w236 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffbf fs5 fc7 sc0 ls57 ws46\">Awarded during the year<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe33 y2ff7 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffbe fs5 fc7 sc0 ls57 ws46\">16.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe34 y2ff7 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffbf fs5 fc7 sc0 ls57 ws46\">28.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ce6 w237 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffbf fs5 fc7 sc0 ls9 ws1\">Exercised<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x76c y2ce6 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffbe fs5 fc7 sc0 ls9 ws1\">(9.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x76d y2ce6 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffbf fs5 fc7 sc0 ls9 ws1\">(8.8)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2ce7 w238 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffbf fs5 fc7 sc0 ls57 ws46\">Lapses<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x76c y2ce7 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffbe fs5 fc7 sc0 ls9 ws1\">(7.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe35 y2ce7 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffbf fs5 fc7 sc0 ls57 ws46\">(24.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bfb w239 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffbf fs5 fc7 sc0 ls57 ws46\">Outstanding at 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe36 y2bfb w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffbe fs5 fc7 sc0 ls57 ws46\">41.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7fc y2bfb w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffbf fs5 fc7 sc0 ls57 ws46\">41.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w23a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffbf fs5 fc7 sc0 ls9 ws1\">Exercisable at 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x74c y2be6 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffbe fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe37 y2be6 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffbf fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls57 ws46 gs73d\">The weighted average remaining contractual life of the above shares outstanding at 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> was </span></div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls57 ws46 gs73e\">1.1<span class=\"ls9 ws1\"> years (</span>2022<span class=\"ls9 ws1\">: </span>1.3<span class=\"ls9 ws1\"> years).<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h39 ffbe fs5 fc6 sc0 ls57 ws46 gs73f\">All schemes<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls57 ws46 gs740\">The fair value of the options granted/awarded during the year was \u00a30.38<span class=\"ls9 ws1\"> per share (</span>2022<span class=\"ls9 ws1\">: </span>\u00a30.22<span class=\"ls9 ws1\"> per share). </span></div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs741\">None of the existing option schemes have exercise prices.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs742\">The fair value for current share scheme issues is effectively the market price of a Ca<span class=\"_ _1\"></span>pita share at the date of </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs743\">grant. Accordingly, no assumptions have been disclosed.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs744\">The expected life of the options is based on historical data and is n<span class=\"_ _1\"></span>ot necessarily indicative of exercise </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs745\">patterns that may occur. The expected volatility reflects the assumption that th<span class=\"_ _1\"></span>e historical volatility is </div><div class=\"t m0 h38 ffbf fs5 fc7 sc0 ls9 ws1 gs746\">indicative of future trends, which may also not necessarily be the actual ou<span class=\"_ _1\"></span>tcome.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSharebasedPaymentArrangementsExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-456": {
   "value": "Accounting policies<span class=\"_ _2b5\"> </span>The fair value of the equity instrument granted under these sche<span class=\"_ _1\"></span>mes is measured at grant date and is recognised as an expense over the vesting period, which ends on the date on which the relevant em<span class=\"_ _2a\"></span>ployees become fully entitled to the award. Fair value is determined using an<span class=\"_ _1\"></span> option pricing model, only taking into account vesting conditions linked to the price of the shares of the Compa<span class=\"_ _1\"></span>ny (market conditions).<span class=\"_ _2b5\"> </span>No expense is recognised for awards that do not ultimately vest as a result o<span class=\"_ _1\"></span>f not meeting performance or service conditions. Where all service and performance vesting conditions h<span class=\"_ _1\"></span>ave been met, the awards are treated as vesting, irrespective of whether or not the market condition is satisfied<span class=\"_ _1\"></span>, since market conditions were reflected in the fair value of the equity instruments.<span class=\"_ _2b5\"> </span>At each balance sheet date before vesting, the cumulative expense<span class=\"_ _1\"></span> is calculated, representing the extent to which the vesting period has expired and management\u2019s best estimate<span class=\"_ _1\"></span> of the achievement or otherwise of non-market conditions, the number of equity instruments that will ultimately vest or, in<span class=\"_ _1\"></span> the case of an instrument subject to a market condition, be treated as vesting as described<span class=\"_ _1\"></span> above. The movement in cumulative expense since the previous balance sheet date is recogn<span class=\"_ _1\"></span>ised in the consolidated income statement, with a corresponding adjustment to equity.<span class=\"_ _2b5\"> </span>Where the terms of an award are modified or a new award is designate<span class=\"_ _1\"></span>d as replacing a cancelled or settled award, the cost based on the original award terms continues to be re<span class=\"_ _1\"></span>cognised over the original vesting period adjusted for the incremental fair value of any modification ie th<span class=\"_ _1\"></span>e difference between the fair value of the original award and the fair value of the modified award, both<span class=\"_ _1\"></span> as measured on the date of the modification. No reduction is recognised if this difference is negative.<span class=\"_ _2b5\"> </span>Where an award is cancelled, it is treated as if it had vested on the date o<span class=\"_ _1\"></span>f cancellation, and any cost not yet recognised in the consolidated income statement for the award is e<span class=\"_ _1\"></span>xpensed immediately. Any compensation paid up to the fair value of the award at the cancella<span class=\"_ _1\"></span>tion or settlement date is deducted from equity, with any excess over the fair value being treated as an expense<span class=\"_ _1\"></span> in the consolidated income statement.<span class=\"_ _2b5\"> </span>The expense recognised for share-based payments (before ta<span class=\"_ _1\"></span>x) in respect of employee services received during the year to 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> was </span>\u00a35.5m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a35.4m<span class=\"ls9 ws1\">), all of which arises from equity-settled </span>share based payment transactions. Details of the schemes are as<span class=\"_ gs15\"> </span>follows:<span class=\"_ _2b5\"> </span>Deferred annual bonus plan<span class=\"_ _2b5\"> </span>This scheme is applicable to executive directors. Under this scheme, awards are<span class=\"_ _1\"></span> made annually consisting of only deferred shares, which are linked to the payout under the<span class=\"_ _1\"></span> annual bonus scheme (details of which are contained in the directors\u2019 remuneration report on page 96 to 118).<span class=\"_ _2b5\"> </span>The value of deferred shares is determined by the pay-out under the annual bonus scheme: half of t<span class=\"_ _2a\"></span>he annual bonus is paid in cash and the remainder is deferred into shares under the deferred annual bonus plan or the Capita executive plan. Directors have the option to defer u<span class=\"_ _1\"></span>p to 100% of their annual bonus into deferred shares or net bonus into a restricted share award. The d<span class=\"_ _1\"></span>eferred/restricted shares are held for a period of three years from the date of award, during which they are n<span class=\"_ _1\"></span>ot forfeitable, except in the case of dismissal for gross misconduct.<span class=\"_ _2b5\"> </span>The weighted average share price of options at the date of e<span class=\"_ _1\"></span>xercise in <span class=\"ls57 ws46\">2023</span> was <span class=\"ls57 ws46\">\u00a30.33</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a30.22). The </span>weighted average share price during the year was \u00a30.26<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a30.26<span class=\"ls9 ws1\">).<span class=\"_ _2b5\"> </span></span>The total cash value of the deferred shares awarded during th<span class=\"_ _1\"></span>e year was <span class=\"ls57 ws46\">\u00a30.7m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a30.2m</span>).<span class=\"_ _2b5\"> </span>Long-term incentive plans (LTIPs)<span class=\"_ _2b5\"> </span>The structure of the Group\u2019s LTIP schemes was approved at the Compan<span class=\"_ _1\"></span>y\u2019s Annual General Meeting (AGM) in 2017. From 2021, no new awards will be granted under the<span class=\"_ _1\"></span> LTIP with the final awards under the scheme (the 2020 grant) having vested in April 2023.<span class=\"_ _2b5\"> </span>The 2020 award was split into three equal tranches that vested o<span class=\"_ _1\"></span>n the first, second and third anniversary of the grant date. The first tranche in 2020 was subject to a retention e<span class=\"_ _1\"></span>lement which would vest in full on each annual vesting date, with the remaining 50% subject to a performan<span class=\"_ _1\"></span>ce condition of net debt. Threshold vesting (25%) was dependent on net debt falling to \u00a3872m, target vesting (50%) was<span class=\"_ _2a\"></span> dependent on net debt falling to \u00a3822m and maximum vesting (100%) was dependent on net debt being below \u00a3772m. Tranches<span class=\"_ gs15\"> </span><span class=\"_ _2a\"></span>2 and<span class=\"_ gs15\"> </span>3 were subject to the retention element only apart from the CEO\u2019s awa<span class=\"_ _1\"></span>rd which was subject to relative Total Shareholder Return (TSR) and responsible business scorecard<span class=\"_ _1\"></span> measures.<span class=\"_ _2b5\"> </span>Details of the 2020 LTIP award outturn and vesting levels for executive d<span class=\"_ _1\"></span>irectors are set out in the 2022 directors\u2019 remuneration report, on page 115 of the 2022 Annual Report.<span class=\"_ _2b5\"> </span>All of the above awards are subject to a performance underpin asse<span class=\"_ _1\"></span>ssment of the underlying financial and operational performance of Capita over the performance period.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForSharebasedPaymentTransactionsExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-513": {
   "value": "5.2 Pensions<span class=\"_ _2b5\"> </span>Accounting policies<span class=\"_ _2b5\"> </span>Defined contribution pension schemes<span class=\"_ _2b5\"> </span>The Group maintains a number of defined contribution pension schemes and for these schemes<span class=\"_ _2a\"></span> the Group has no further payment obligations once the contributions have been paid. The contributions<span class=\"_ _2a\"></span> are recognised as an employee benefit expense in the consolidated income state<span class=\"_ _1\"></span>ment when the related service is provided and as they fall due.<span class=\"_ _2b5\"> </span>Defined benefit pension schemes<span class=\"_ _2b5\"> </span>In addition, the Group operates two defined benefit pension sch<span class=\"_ _1\"></span>emes and participates in a number of other defined benefit pension schemes, all of which require contribution<span class=\"_ _1\"></span>s to be made to separate trustee-<span class=\"_ _2b5\"> </span>administered funds. The costs of providing benefits under these sche<span class=\"_ _1\"></span>mes are determined separately for each scheme using the projected unit credit method, which attributes e<span class=\"_ _1\"></span>ntitlement to benefits to the current period (to determine current service cost) and to the current and prior p<span class=\"_ _1\"></span>eriods (to determine the present value of the defined benefit obligation) and is based on actu<span class=\"_ _1\"></span>arial advice. Past service costs are recognised immediately in the consolidated income statement.<span class=\"_ _2b5\"> </span>When a settlement (eliminating all obligations for benefits already accru<span class=\"_ _1\"></span>ed) or a curtailment (reducing future obligations as a result of a material reduction in the scheme membership<span class=\"_ _1\"></span> or a reduction in future entitlement) occurs, the obligation and related plan assets are reme<span class=\"_ _1\"></span>asured using current actuarial assumptions and the resultant gain/loss recognised in the consolid<span class=\"_ _1\"></span>ated income statement during the period in which the settlement or curtailment occurs.<span class=\"_ _2b5\"> </span>Remeasurements of the net defined benefit asset/liability, which comprise a<span class=\"_ _1\"></span>ctuarial gains and losses, the return on plan assets (excluding interest) and the effect of the asset ce<span class=\"_ _1\"></span>iling (if any, excluding interest), are recognised immediately in other comprehensive income and will not be<span class=\"_ _1\"></span> reclassified to the consolidated income statement. The Group generally determines the net interest exp<span class=\"_ _1\"></span>ense/income on the net defined benefit asset/liability for the year by applying the discount rate used to me<span class=\"_ _1\"></span>asure the defined benefit obligation at the beginning of the year to the then net defin<span class=\"_ _1\"></span>ed benefit asset/liability, taking into account any changes in the net defined benefit asset/liability during the year a<span class=\"_ _1\"></span>s a result of contributions and benefit payments. However, due consideration is given to events which require the<span class=\"_ _1\"></span> net interest expense/income on the net defined benefit asset/liability to be remeasured over the co<span class=\"_ _1\"></span>urse of the year.<span class=\"_ _2b5\"> </span>Current and past service costs are charged to operating profit while the n<span class=\"_ _1\"></span>et interest cost is included within net finance costs.<span class=\"_ _2b5\"> </span>The net asset/(liability) in the consolidated balance sheet with respe<span class=\"_ _1\"></span>ct to the defined benefit pension schemes comprises the total for each scheme, or group of schemes, of the prese<span class=\"_ _1\"></span>nt value of the defined benefit obligation (using a discount rate based on high qua<span class=\"_ _1\"></span>lity corporate bonds), less the fair value of assets out of which the obligations are to be settled directly. The policy to dete<span class=\"_ _1\"></span>rmine fair value of assets is detailed in the note below. Where applicable the value of a net pension<span class=\"_ _1\"></span> benefit asset is restricted to the present value of any amount the Group expects to recover by way of refunds or re<span class=\"_ _1\"></span>ductions in the future contributions.<span class=\"_ _2b5\"> </span>Significant accounting estimates and assumptions<span class=\"_ _2b5\"> </span>Measurement of defined benefit obligations \u2013 the accounting<span class=\"_ _1\"></span> cost of these benefits and the present value of pension liabilities involve judgements about uncertain events includ<span class=\"_ _1\"></span>ing such factors as the life expectancy of members, the salary progression of current employees, price inflation and<span class=\"_ _1\"></span> the discount rate used to calculate the net present value of the future pension payments. T<span class=\"_ _1\"></span>he Group uses estimates for all of these factors in determining the pension costs and liabilities incorporated in<span class=\"_ _1\"></span> the consolidated financial statements. The assumptions reflect historical experience and judgement regard<span class=\"_ _1\"></span>ing future expectations.<span class=\"_ _2b5\"> </span>The Group continued to set Retail Price Inflation (RPI) in accordance with the<span class=\"_ _1\"></span> market break-even expectations less an inflation risk premium, which has remained at 0.25%<span class=\"_ gs15\"> </span>pa<span class=\"_ _1\"></span>. For Consumer Price Inflation (CPI), the Group reduced the assumed difference between RPI and CPI to an<span class=\"_ _1\"></span> average of 0.60%<span class=\"_ gs15\"> </span>pa.<span class=\"_ _2b5\"> </span>Short-term inflation expectations continued to remain high due to the<span class=\"_ _1\"></span> global economic recovery from the initial phase of Covid-19, combined with supply constraints in certain sectors su<span class=\"_ _1\"></span>ch as energy. Current inflation levels continue to be higher than recent norms. This will have<span class=\"_ _1\"></span> an impact on pension increases that are linked to inflation and this impact, where applicable, has been<span class=\"_ _1\"></span> reflected in the disclosures. It should be noted that a material proportion of pension increases are capp<span class=\"_ _1\"></span>ed (at different levels, but the main cap is 5.0%<span class=\"_ gs15\"> </span>pa) with some caps applying annually and others applying o<span class=\"_ _1\"></span>ver a period of years.<span class=\"_ _2b5\"> </span>The impact of Covid-19 on the effects of future life expectancy continue<span class=\"_ _1\"></span>s to be uncertain. The pandemic is likely to have an impact on the setting of appropriate life expectancy assu<span class=\"_ _1\"></span>mptions and models for future improvements will need to consider whether the experiences since 202<span class=\"_ _1\"></span>0 are a short-term phenomenon, and if the pandemic will influence future mortality in other ways. For example, the pre<span class=\"_ _1\"></span>ssure on health services may mean that progress against other causes of death such as cancer is slo<span class=\"_ _1\"></span>wer than previously expected, meaning an assumption of a lower rate of mortality improvements might be a<span class=\"_ _1\"></span>ppropriate. Alternatively, the surviving population may be in better health than those dying from Co<span class=\"_ _1\"></span>vid-19, meaning that it might be expected that the remaining members live slightly longer. In June 2023<span class=\"_ _1\"></span>, the Continuous Mortality Investigation (CMI) published a new model (CMI<span class=\"_ gs15\"> </span>2022) that includes pop<span class=\"_ _1\"></span>ulation experience up to 2022. This latest version of the model could be heavily impacted by Covid-19 with the<span class=\"_ _1\"></span> core version of the model placing a 25% weighting on 2022 experienced data and a 0% weighting on both 2020 and 2021 experienced data. The core version of the model reflects the fact that 2022 excess death<span class=\"_ _1\"></span>s remain higher than pre-Covid levels.<span class=\"_ _2b5\"> </span>The Group is aware of the 2023 high court case that considered<span class=\"_ _1\"></span> the validity of deeds where no Section<span class=\"_ gs15\"> </span>37 certificate (confirming that the minimum level of benefits had not been brea<span class=\"_ _1\"></span>ched) was attached to the deed; and further understands that the case is being appealed with judgement expected in 2024. The HPS<span class=\"_ _2a\"></span> Trustee Board has received legal advice regarding this matter, which is to a<span class=\"_ _1\"></span>wait the outcome of the appeal and any Government intervention prior to assessing what, if any, impact there<span class=\"_ _1\"></span> might be on the scheme. The Group considers this approach reasonable and appropriate.<span class=\"_ _2b5\"> </span><div class=\"t m0 h39 ffc0 fs5 fc6 sc0 ls57 ws46 gs790\">Pension expense included in the consolidated income statement<span class=\"_ _2b5\"> </span></div><div class=\"gs791\"><table class=\"s w23b hb2\" id=\"_eecec2de-6e67-4613-97d3-458d08472cb9\"><tr><td></td><td class=\"t m0 x344 h3b y2ff8 ffc0 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xdfd h3a y2ff8 ffc1 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x347 h3b y2ff9 ffc0 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2ff9 ffc1 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2ffa w23c h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc0 fs5 fc7 sc0 ls57 ws46\">Defined contribution scheme<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe38 y2ffa w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc0 fs5 fc7 sc0 ls57 ws46\">51.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x41c y2ffa w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc1 fs5 fc7 sc0 ls57 ws46\">55.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h39 y2ffb ffc0 fs5 fc7 sc0 ls57 ws46\">Defined benefit schemes<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x531 y2ce3 w23d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc1 fs5 fc7 sc0 ls9 ws1\">Current service cost<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe39 y2ce3 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc0 fs5 fc7 sc0 ls57 ws46\">2.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe3a y2ce3 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc1 fs5 fc7 sc0 ls57 ws46\">4.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x531 y2ce4 w23e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc1 fs5 fc7 sc0 ls9 ws1\">Administration costs<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe3b y2ce4 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc0 fs5 fc7 sc0 ls57 ws46\">4.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe3c y2ce4 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc1 fs5 fc7 sc0 ls57 ws46\">3.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x531 y2d35 w23f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc1 fs5 fc7 sc0 ls9 ws1\">Past service cost<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe3d y2d35 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc0 fs5 fc7 sc0 ls57 ws46\">0.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe3e y2d35 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc1 fs5 fc7 sc0 ls57 ws46\">0.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x531 y2ffc w240 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc1 fs5 fc7 sc0 ls57 ws46\">Termination benefits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe3f y2ffc w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc0 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe40 y2ffc w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x531 y2e02 w241 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc1 fs5 fc7 sc0 ls9 ws1\">Effect of settlements<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe41 y2e02 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe42 y2e02 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc1 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x531 y2e03 w22a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc1 fs5 fc7 sc0 ls9 ws1\">Interest cost<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe43 y2e03 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc0 fs5 fc7 sc0 ls9 ws1\">(2.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe44 y2e03 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc1 fs5 fc7 sc0 ls9 ws1\">(3.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d8b w242 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc0 fs5 fc7 sc0 ls57 ws46\">Total defined benefit schemes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x417 y2d8b w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc0 fs5 fc7 sc0 ls57 ws46\">5.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x418 y2d8b w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc1 fs5 fc7 sc0 ls57 ws46\">5.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h39 y2ffd ffc0 fs5 fc7 sc0 ls57 ws46\">Total charged to profit before tax in the consolidated income </td><td></td><td></td></tr><tr><td class=\"c n x2be y2be6 w11b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc0 fs5 fc7 sc0 ls57 ws46\">statement<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x44e y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc0 fs5 fc7 sc0 ls57 ws46\">56.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe45 y2be6 w1c3 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc1 fs5 fc7 sc0 ls57 ws46\">60.6 </div></td></tr></table></div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs792\">At <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span>, retirement obligations were disclosed in relation to eight (<span class=\"_ _1\"></span><span class=\"ls57 ws46\">2022: nine) defined benefit </span></div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls57 ws46 gs793\">pension schemes.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ffc0 fs5 fc6 sc0 ls57 ws46 gs794\">The Group\u2019s main defined benefit scheme (HPS)<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs795\">The Group\u2019s main defined benefit scheme closed to future accrual fo<span class=\"_ _1\"></span>r most members in 2017 (with around </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs796\">175 members continuing to accrue benefits \u2013 out of a total membersh<span class=\"_ _1\"></span>ip of around 16,500 members). Details </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs797\">of the HPS and other schemes net surplus/(deficit) position are given at the b<span class=\"_ _1\"></span>ottom of the table below which </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs798\">shows the movements from the opening to the closing balance of the n<span class=\"_ _1\"></span>et defined benefit asset/(liability). </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs799\">Events occurred in the HPS that have led to its income statement being remeasu<span class=\"_ _1\"></span>red during the year.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs79a\">Responsibility for the operation and governance of the HPS lies with a corp<span class=\"_ _1\"></span>orate Trustee which is </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs79b\">independent of the Group. The Trustee Board is required b<span class=\"_ _1\"></span>y law to act in the interest of the HPS\u2019s </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs79c\">beneficiaries in accordance with the rules of the HPS and relevant legislatio<span class=\"_ _1\"></span>n (which includes the Pension </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs79d\">Schemes Act 1993, the Pensions Act 1995 and the Pensions Act 2004). T<span class=\"_ _1\"></span>he nature of the relationship </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs79e\">between the Group and the Trustee Board is also governed by th<span class=\"_ _1\"></span>e rules of the HPS and relevant legislation. </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls57 ws46 gs79f\">The Trustee Board is chaired by an independent Trustee.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs7a0\">The assets of the HPS are held in a separate fund (administered by the<span class=\"_ _1\"></span> Trustee Board) to meet long-term </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs7a1\">pension liabilities to beneficiaries. The Trustee Board invest the assets in<span class=\"_ _1\"></span> accordance with its Statement of </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs7a2\">Investment Principles, which is regularly reviewed. The Trustee Board has de<span class=\"_ _1\"></span>legated its investment strategy </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs7a3\">decisions to a fiduciary manager, however, the Trustee Board maintain<span class=\"_ _1\"></span>s overall oversight of the investment </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs7a4\">strategy.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs7a5\">A full actuarial valuation of the scheme is carried out every three years by an<span class=\"_ _1\"></span> independent actuary for the </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs7a6\">Trustee Board, with the last full actuarial valuation carried out at 31<span class=\"_ gs15\"> </span>March<span class=\"_ _1\"></span> 2023. The purpose of that </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs7a7\">valuation is to design a funding plan to ensure that the HPS has sufficie<span class=\"_ _1\"></span>nt assets available to meet future </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls57 ws46 gs7a8\">benefit payments, based on assumptions agreed between the Trustee Board and the Group. The 31<span class=\"_ gs15\"> </span>Marc<span class=\"_ _2a\"></span>h </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls9 ws1 gs7a9\">2023 actuarial valuation showed a funding surplus of \u00a351.4m (3<span class=\"_ _1\"></span>1<span class=\"_ gs15\"> </span>March 2020: \u00a3182.2m deficit). This </div><div class=\"t m0 h38 ffc1 fs5 fc7 sc0 ls57 ws46 gs7aa\">equates to a funding level of 105% (31<span class=\"_ gs15\"> </span>March 2020: 89%).<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7ac\">Given the funding position of the HPS, the Group and the Trustee Bo<span class=\"_ _1\"></span>ard agreed that no further deficit </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7ad\">recovery contributions from the Group are required other than those a<span class=\"_ _1\"></span>lready committed<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3e ffc3 fs1c fc7 sc0 ls9 ws1 gs7ae\">1</div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7af\"> as part of the </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7b0\">31<span class=\"_ gs15\"> </span>March 2020 actuarial valuation. In accordance with the schedu<span class=\"_ _1\"></span>le of contributions put in place following </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7b1\">the 31<span class=\"_ gs15\"> </span>March 2020 actuarial valuation, the Group has paid \u00a33<span class=\"_ _1\"></span>0m of regular deficit contributions during 2023 </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls57 ws46 gs7b2\">and \u00a316.3m<span class=\"ls9 ws1\"> of accelerated deficit funding contributions and other contributio<span class=\"_ _1\"></span>ns triggered by the disposal of </span></div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7b3\">certain businesses in the second half of 2022 and 2023. The<span class=\"_ _1\"></span> Group will pay a further \u00a321m of contributions </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7b4\">in 2024, with no further deficit contributions in 2025 and beyond<span class=\"_ _1\"></span>.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7b5\">The next full actuarial valuation is due to be carried out with an effe<span class=\"_ _1\"></span>ctive date of 31<span class=\"_ gs15\"> </span>March 2026 and as part </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7b6\">of that valuation the contribution requirements will be reviewed, and if n<span class=\"_ _1\"></span>ecessary, amended. For the </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls57 ws46 gs7b7\">purpose of these accounts, an independent qualified actuary projected the results of t<span class=\"_ _2a\"></span>he 31<span class=\"_ gs15\"> </span>March 2023 </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7b8\">actuarial valuation to 31<span class=\"_ gs15\"> </span>December 2023 taking account of the re<span class=\"_ _1\"></span>levant accounting requirements.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7b9\">Approximate funding updates are produced at each scheme a<span class=\"_ _1\"></span>nniversary when a full actuarial valuation is </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls57 ws46 gs7ba\">not being undertaken. The next funding update is scheduled to be as at 31 March 2024.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7bb\">The valuation of liabilities for funding purposes (the actuarial valu<span class=\"_ _1\"></span>ation) differs from the valuation for </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7bc\">accounting purposes (which is shown in these financial statements) due<span class=\"_ _1\"></span> to different assumptions used and </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7bd\">different market conditions at the different valuation dates (the effective<span class=\"_ _1\"></span> date for the actuarial valuation of </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7be\">the HPS is 31<span class=\"_ gs15\"> </span>March). The assumptions used for funding purposes are sch<span class=\"_ _1\"></span>eme specific and allow for an </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls57 ws46 gs7bf\">appropriate amount of prudence, with the discount rate being based on the actual assets of<span class=\"_ _2a\"></span> the pension </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7c0\">scheme. While for accounting purposes the assumptions are determined<span class=\"_ _1\"></span> on a best estimate basis in </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7c1\">accordance with IAS<span class=\"_ gs15\"> </span>19<span class=\"ffc4\"> Employee Benefits</span>, with the d<span class=\"_ _1\"></span>iscount rate being based on the yields available on </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7c2\">high quality corporate bonds of appropriate currencies and te<span class=\"_ _1\"></span>rms. Management estimate that at </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7c3\">31<span class=\"_ gs15\"> </span>December 2023 the net assets of the HPS scheme were around \u00a35<span class=\"_ _1\"></span>0m higher on a funding basis (ie the </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7c4\">funding assumption principles adopted for the full actuarial valua<span class=\"_ _1\"></span>tion at 31<span class=\"_ gs15\"> </span>March 2023) than on an </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls57 ws46 gs7c5\">accounting basis.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7c6\">The Group contributed \u00a352.5m to the HPS during 2023. This inclu<span class=\"_ _1\"></span>des the ongoing cost of benefit accrual, </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7c7\">contributions towards running the pension scheme, deficit contributio<span class=\"_ _1\"></span>n (including those accelerated on a </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls57 ws46 gs7c8\">pound for pound basis due to disposal proceeds being used to fund mandatory prepayments of debt) and </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7c9\">other contributions as a result of disposal activities.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7ca\">In addition, during 2023, the \u00a35.0m held in escrow was released<span class=\"_ _1\"></span> to HPS.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3a ffc3 fs8 fc7 sc0 ls58 ws47 gs7cc\">1.<span class=\"_ _9\"> </span>These include additional, non-statutory, contributions to meet a secondary funding target with the objective of having suffici<span class=\"_ _2a\"></span>ent assets to </div><div class=\"t m0 h3a ffc3 fs8 fc7 sc0 ls58 ws47 gs7cd\">invest in a portfolio of low-risk assets with a low dependency covenant that will generate income to pay members\u2019 benefits as they fall due.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ffc2 fs5 fc6 sc0 ls57 ws46 gs7cf\">Other defined benefit schemes<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7d0\">The total employer contributions to the \u2018Other\u2019 schemes during 2023<span class=\"_ _1\"></span> were \u00a33m.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc6 sc0 ls9 ws1 gs7d1\">Other UK schemes<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7d2\">\u2022<span class=\"_ _ae\"> </span>Three segregated sections in an industry-wid<span class=\"_ _1\"></span>e scheme under which defined benefits are not continuing to </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7d3\">accrue. The latest full actuarial valuations (at 31<span class=\"_ gs15\"> </span>December 2021) sho<span class=\"_ _1\"></span>wed that one of these sections was </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7d4\">in surplus and therefore no deficit contributions were required. One<span class=\"_ _1\"></span> section showed a small deficit </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls57 ws46 gs7d5\">resulting in the Group being required to pay \u00a328,000 during 2025. The third section showed a defici<span class=\"_ _2a\"></span>t of </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls57 ws46 gs7d6\">\u00a33.45m resulting in the Group being required to pay \u00a30.8m<span class=\"_ gs15\"> </span>pa until 2026. The next actuarial<span class=\"_ _2a\"></span> valuations </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7d7\">are due as at 31<span class=\"_ gs15\"> </span>December 2024 and as part of those valuation<span class=\"_ _1\"></span>s the contribution requirements will be </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7d8\">reviewed, and if necessary, amended. There is no cross subsidy with othe<span class=\"_ _1\"></span>r employer sections.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7d9\">\u2022<span class=\"_ _ae\"> </span>Participation in a non-associated multi-employer sch<span class=\"_ _1\"></span>eme under which defined benefits are not continuing </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7da\">to accrue. The latest full actuarial valuation (at 30<span class=\"_ gs15\"> </span>September 2020<span class=\"_ _1\"></span>) resulted in the Group being required </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7db\">to pay deficit contributions of initially \u00a30.4m<span class=\"_ gs15\"> </span>pa (which increase by 5.5%<span class=\"_ gs15\"> </span>pa) un<span class=\"_ _1\"></span>til 2028. The next full </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7dc\">actuarial valuation is being carried out with an effective date of 30<span class=\"_ gs15\"> </span>Sep<span class=\"_ _1\"></span>tember 2023 and as part of that </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7dd\">valuation the contribution requirements will be reviewed, and if nece<span class=\"_ _1\"></span>ssary, amended. If the Group were to </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7de\">cease to be a participating employer in this scheme there would be a<span class=\"_ _1\"></span>n exit debt payable. At </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7df\">30<span class=\"_ gs15\"> </span>September 2022, this was estimated at \u00a36.0m.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc6 sc0 ls9 ws1 gs7e0\">Overseas defined benefit schemes<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7e1\">The Group is responsible for an Irish defined benefit scheme which is classe<span class=\"_ _1\"></span>d as a cross-border scheme </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7e2\">where the beneficiaries of the scheme have their liabilities, and the tru<span class=\"_ _1\"></span>stees hold assets, denominated in </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls57 ws46 gs7e3\">euro. The scheme is governed under U<span class=\"ls9 ws1\">K regulations and subject to further requirements applying to cross-<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7e4\">border schemes. There are two segregated sections in the scheme. T<span class=\"_ _1\"></span>he latest full actuarial valuation (at </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls57 ws46 gs7e5\">31<span class=\"_ gs15\"> </span>March 2023) showed a funding surplus for both the main section and the other section, and </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7e6\">consequently, no deficit contributions are required for either section<span class=\"_ _1\"></span>. There are no members left accruing </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls57 ws46 gs517\">benefits.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7e7\">The Group is also responsible for two Swiss schemes that provide defined co<span class=\"_ _1\"></span>ntribution benefits but with </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls57 ws46 gs519\">certain guarantees (and are therefore reported as defined benefit schemes under IAS<span class=\"_ gs15\"> </span>19)<span class=\"_ _2a\"></span>. They are </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs51a\">administered and governed through collective foundations which<span class=\"_ _1\"></span> are separate legal entities. Benefits are </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs51b\">continuing to accrue in these schemes.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc6 sc0 ls57 ws46 gs7e8\">Additional defined benefit schemes<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls57 ws46 gs7e9\">There are a further 36 (2022<span class=\"ls9 ws1\">: 46) defined benefit pension arrangements in which various Capita<span class=\"_ _1\"></span> businesses </span></div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls57 ws46 gs7ea\">participated during 2023<span class=\"ls9 ws1\">. Of these arrangements 32 (</span>2022<span class=\"ls9 ws1\">: 41) relate to participation in fund<span class=\"_ _1\"></span>ed and </span></div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs51f\">unfunded public sector schemes (referred to as Admitted Body Arrangeme<span class=\"_ _1\"></span>nts), however, contractual </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs520\">protections are in place allowing actuarial and investment risk to be passe<span class=\"_ _1\"></span>d to the end customer via </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs521\">recoveries for contributions paid. The nature of these arrangeme<span class=\"_ _1\"></span>nts vary from contract to contract but </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs522\">typically allow for the majority of contributions payable to the schemes in excess o<span class=\"_ _1\"></span>f an initial rate agreed at </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs523\">the inception to be recovered from the end customer, as well as exit payme<span class=\"_ _1\"></span>nts (for funded schemes) </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7eb\">payable to the schemes at the cessation of the contract, such that the Grou<span class=\"_ _1\"></span>p\u2019s net exposure to actuarial and </div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7ec\">investment risk is immaterial.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc3 fs5 fc7 sc0 ls9 ws1 gs7ed\">Approximately \u00a310m of employer contributions were paid into these 36<span class=\"_ _1\"></span> schemes during <span class=\"ls57 ws46\">2023</span>.<span class=\"_ _2b5\"> </span></div>Risks associated with the Group\u2019s pension schemes<span class=\"_ _2b5\"> </span>The defined benefit pension schemes expose the Group to vario<span class=\"_ _1\"></span>us risks, with the key risks set out below:<span class=\"_ _2b5\"> </span>Investment risk:<span class=\"ffc6 ls9 ws1\"> the schemes invest in a wide range of assets with a view to provide long-term investmen<span class=\"_ _1\"></span>t </span>returns at particular levels. There is a risk that investment returns are lower than e<span class=\"_ _1\"></span>xpected which, in isolation, could result in a worsening of the funding position of the sch<span class=\"_ _1\"></span>emes.<span class=\"_ _2b5\"> </span>Interest rate risk:<span class=\"ffc6\"> the IAS<span class=\"_ gs15\"> </span>19 discount rate is derived based o<span class=\"_ _1\"></span>n the yields available on good quality </span>corporate bonds of suitable duration. If these yields decrease the<span class=\"_ _1\"></span>n, in isolation, this would increase the value placed on the IAS<span class=\"_ gs15\"> </span>19 obligation and result in a worsening o<span class=\"_ _1\"></span>f the funding position of the schemes.<span class=\"_ _2b5\"> </span>Inflation risk:<span class=\"ffc6\"> the liabilities of the schemes are linked to future leve<span class=\"_ _1\"></span>ls of inflation. If future inflation is higher </span>than expected then this would result in the cost of providing the ben<span class=\"_ _1\"></span>efits increasing and thereby worsening the funding position of the schemes.<span class=\"_ _2b5\"> </span>Longevity risk:<span class=\"ffc6 ls9 ws1\"> if members live longer than expected, then pensions will be paid for a lon<span class=\"_ _1\"></span>ger time which will </span>increase the value placed on the liabilities and therefore worsen<span class=\"_ _1\"></span> the funding position of the schemes.<span class=\"_ _2b5\"> </span>Environmental Social and Governance (ESG) risk:<span class=\"ffc6 ls9 ws1\"> ESG risk relates to these issues having a detrimental </span>impact on financial returns. The fiduciary manager has policies in place<span class=\"_ _1\"></span> to reduce this risk, although there is a higher risk in older externally held assets.<span class=\"_ _2b5\"> </span>To manage these risks, the Group and the trustees carry out regular a<span class=\"_ _1\"></span>ssessments of them. For HPS, the main defined benefit scheme, the following actions have been taken:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>The HPS Trustee Board has entered into two bu<span class=\"_ _1\"></span>lk annuity contracts with an insurer in respect of a small number of high individual liability pensioner members with total value inclu<span class=\"_ _1\"></span>ded in the assets at 31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> of \u00a347.0m (</span>2022<span class=\"ls9 ws1\">:<span class=\"_ gs15\"> </span>\u00a350.1m).<span class=\"_ _2b5\"> </span></span>\u2022<span class=\"_ _ae\"> </span>The HPS Trustee Board has entered into a L<span class=\"_ _1\"></span>iability Driven Investment programme. The level of risk that is managed by this programme is set by various market-related and fundin<span class=\"_ _1\"></span>g trigger points.<span class=\"_ _2b5\"> </span>Together, these actions have led to the Trustee Board hedging (interest rate and inflati<span class=\"_ _2a\"></span>on) a high proportion of the HPS\u2019s liabilities. At <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span> HPS\u2019s liabilities measured on the Truste<span class=\"_ _1\"></span>e Board\u2019s long-term funding basis were broadly fully hedged.<span class=\"_ _2b5\"> </span>The hedging aims to match the value of the assets to the movement in<span class=\"_ _1\"></span> liabilities (on a funding basis) arising from changes in market expectations of future inflation rates and future<span class=\"_ _1\"></span> gilt yields. This is to help protect and reduce volatility in funding valuations which are used to determine the<span class=\"_ _1\"></span> cash contribution requirements to the scheme. Since these accounting disclosures use the yields available on co<span class=\"_ _1\"></span>rporate bonds to determine the accounting liabilities, the hedging may not have the same impact for a<span class=\"_ _1\"></span>ccounting purposes as they do for a funding valuation. Credit spreads (the difference between the yields availabl<span class=\"_ _2a\"></span>e on long-dated corporate bonds and long-dated government bonds) narrowed during the year meaning that the hedge had a different impact on the funding position of the scheme and the accounting<span class=\"_ _1\"></span> disclosures at the year-ends (the funding position on the accounting basis worsened slightly while the funding<span class=\"_ _1\"></span> position on the funding basis improved slightly).<span class=\"_ _2b5\"> </span>To illustrate how sensitive the value of the defined benefit obligatio<span class=\"_ _1\"></span>ns is to different market conditions, the table below shows what the resulting defined benefit obligation wo<span class=\"_ _1\"></span>uld be if the assumptions were changed as shown (assuming all other assumptions remain constant):<span class=\"_ _2b5\"> </span><table class=\"s w1de hb3\" id=\"_0632da9e-b250-4675-b31e-27eacc548150\"><tr><td></td><td class=\"t m0 xb41 h3b y2ffe ffc5 fs8 fc7 sc0 ls58 ws47\">Group total<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h3b y2fff ffc5 fs8 fc7 sc0 ls58 ws47\">Change in assumptions compared with 31<span class=\"_ gs234\"> </span>December 2023 actuarial assumptions<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3b y2fff ffc5 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2d82 w243 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc6 fs5 fc7 sc0 ls57 ws46\">Base defined benefit obligation<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe46 y2d82 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc5 fs5 fc7 sc0 ls57 ws46\">1,178.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d71 w244 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc6 fs5 fc7 sc0 ls9 ws1\">0.5% pa decrease in discount rate<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c4 y2d71 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc5 fs5 fc7 sc0 ls57 ws46\">1,268.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c4f w1b1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc6 fs5 fc7 sc0 ls9 ws1\">0.5% pa increase in salary increases<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe47 y2c4f w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc5 fs5 fc7 sc0 ls57 ws46\">1,179.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be5 w245 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc6 fs5 fc7 sc0 ls9 ws1\">0.5% pa increase in inflation (and related assumption, eg salary and<span class=\"_ _1\"></span> pension increases)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe48 y2be5 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc5 fs5 fc7 sc0 ls57 ws46\">1,226.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w246 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc6 fs5 fc7 sc0 ls9 ws1\">1 year increase in life expectancy<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe49 y2be6 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc5 fs5 fc7 sc0 ls57 ws46\">1,213.0<span class=\"_ _2b5\"> </span></div></td></tr></table><div class=\"t m0 h39 ffc7 fs5 fc6 sc0 ls9 ws1 gs818\">Assets and liabilities<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc8 fs5 fc7 sc0 ls9 ws1 gs819\">Under IAS<span class=\"_ gs15\"> </span>19, pension scheme assets must be valued at their fair value at th<span class=\"_ _1\"></span>e balance sheet date. The<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ffc8 fs5 fc7 sc0 ls57 ws46 gs81a\">scheme assets are made up of quoted and unquoted investments, and asset valuations have been sourc<span class=\"_ _2a\"></span>ed<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ffc8 fs5 fc7 sc0 ls9 ws1 gs81b\">from the respective scheme\u2019s investment managers and custodians, based<span class=\"_ _1\"></span> on their pricing sources and<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ffc8 fs5 fc7 sc0 ls9 ws1 gs81c\">methodologies. Unquoted investments require more judgement b<span class=\"_ _1\"></span>ecause their values are not directly<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ffc8 fs5 fc7 sc0 ls9 ws1 gs81d\">observable. The assumptions used in valuing unquoted investme<span class=\"_ _1\"></span>nts are affected by current market<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ffc8 fs5 fc7 sc0 ls9 ws1 gs81e\">conditions which could result in changes in fair value after the measure<span class=\"_ _1\"></span>ment date.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc8 fs5 fc7 sc0 ls9 ws1 gs81f\">For the main asset categories:<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc8 fs5 fc7 sc0 ls9 ws1 gs820\">\u2022<span class=\"_ _ae\"> </span>Equities listed on recognised stock exchanges are<span class=\"_ _1\"></span> valued at closing bid prices.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc8 fs5 fc7 sc0 ls9 ws1 gs821\">\u2022<span class=\"_ _ae\"> </span>Bonds are measured using a combination of b<span class=\"_ _1\"></span>roker quotes and pricing models making assumptions for<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ffc8 fs5 fc7 sc0 ls9 ws1 gs822\">credit and market risks and market yield curves.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc8 fs5 fc7 sc0 ls9 ws1 gs823\">\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">Properties are valued on the basis of an open market value or are valued using models based on<span class=\"_ _2b5\"> </span></span><span class=\"ls57 ws46\"> </span></div><div class=\"t m0 h38 ffc8 fs5 fc7 sc0 ls9 ws1 gs824\">discounted cash flow techniques.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc8 fs5 fc7 sc0 ls9 ws1 gs825\">\u2022<span class=\"_ _ae\"> </span>Assets in investment funds are valued at fair value wh<span class=\"_ _1\"></span>ich is typically the net asset value provided by the<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ffc8 fs5 fc7 sc0 ls57 ws46 gs826\">investment manager.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc8 fs5 fc7 sc0 ls9 ws1 gs827\">\u2022<span class=\"_ _ae\"> </span>Certain unlisted investments are valued using a<span class=\"_ _1\"></span> model based valuation such as discounted cash flow.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc8 fs5 fc7 sc0 ls9 ws1 gs828\">\u2022<span class=\"_ _ae\"> </span>The value of bulk annuity contracts has bee<span class=\"_ _1\"></span>n assessed by discounting the projected cash flows payable<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ffc8 fs5 fc7 sc0 ls9 ws1 gs829\">under the contracts (projected by an actuary, consistent with the terms of the<span class=\"_ _1\"></span> contract) and is equal to the<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ffc8 fs5 fc7 sc0 ls9 ws1 gs82a\">corresponding liability calculated by reference to the IAS<span class=\"_ gs15\"> </span>19 assumptions.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc8 fs5 fc7 sc0 ls9 ws1 gs82b\">The assets and liabilities of all of the defined benefit pension sche<span class=\"_ _1\"></span>mes (excluding additional voluntary<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ffc8 fs5 fc7 sc0 ls9 ws1 gs82c\">contributions) at 31<span class=\"_ gs15\"> </span>December are:<span class=\"_ _2b5\"> </span></div><div class=\"gs82d\"><table class=\"s w247 hb4\" id=\"_765d20da-af3f-43e6-90b1-749fb1bad068\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xc94 h3b y3000 ffc7 fs8 fc7 sc0 ls58 ws47\">Group total<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"c n x42d y3001 wc7 h69\"><div class=\"t m0 x2bd h3b y2d37 ffc7 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xe4a y3001 wc7 h69\"><div class=\"t m0 x2bd h3b y2d37 ffc7 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x69c h3b y3002 ffc7 fs8 fc7 sc0 ls58 ws47\">Quoted<span class=\"_ _2b5\"> </span></td><td class=\"c xe4c y3003 w248 h81\"><div class=\"t m0 x2bd h3b y2d37 ffc7 fs8 fc7 sc0 ls58 ws47\">Unquoted</div><div class=\"t m0 xe4b h4a y2dcb ffc7 fs1e fc7 sc0 ls9 ws1\">*</div></td><td class=\"t m0 xe4d h3b y3002 ffc7 fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x543 h3a y3002 ffc8 fs8 fc7 sc0 ls58 ws47\">Quoted<span class=\"_ _2b5\"> </span></td><td class=\"c xe4f y3005 w249 hb5\"><div class=\"t m0 x2bd h3a y2c9f ffc8 fs8 fc7 sc0 ls58 ws47\">Unquoted</div><div class=\"t m0 xe4e h43 y3004 ffc8 fs1e fc7 sc0 ls9 ws1\">*<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 x308 h3a y3002 ffc8 fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 xe50 h3b y3006 ffc7 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc93 h3b y3006 ffc7 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x833 h3b y3006 ffc7 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xe51 h3a y3006 ffc8 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x8d9 h3a y3006 ffc8 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y3006 ffc8 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y3007 ffc7 fs5 fc7 sc0 ls57 ws46\">Scheme assets at fair value:<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x2d8 h38 y3008 ffc8 fs5 fc7 sc0 ls9 ws1\">Equities:<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2e89 w1c1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2013 UK<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe52 y2e89 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe53 y2e89 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">3.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe54 y2e89 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">3.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe55 y2e89 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe56 y2e89 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">2.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x42c y2e89 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">2.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c30 w24a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2013 Overseas<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe57 y2c30 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">1.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe58 y2c30 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">34.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe59 y2c30 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">35.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe5a y2c30 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">2.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe5b y2c30 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">24.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb4f y2c30 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">26.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c1a w143 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2013 Private<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe5c y2c1a w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe5d y2c1a w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe5e y2c1a w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe5f y2c1a w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe60 y2c1a w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe61 y2c1a w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n xe62 y2c1b w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">1.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe63 y2c1b w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">37.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe64 y2c1b w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">39.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe65 y2c1b w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe66 y2c1b w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">27.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe67 y2c1b w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">29.7<span class=\"_ _2b5\"> </span></div></td></tr></table></div><table class=\"s w24b hb6\" id=\"_81874805-ed06-4dda-b58d-f2f146ce2308\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xb41 h3b y3009 ffc7 fs8 fc7 sc0 ls58 ws47\">Group total<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"c n xe68 y300a wc7 h69\"><div class=\"t m0 x2bd h3b y2d37 ffc7 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xe69 y300a wc7 h69\"><div class=\"t m0 x2bd h3b y2d37 ffc7 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"t m0 xcb0 h3b y300b ffc7 fs8 fc7 sc0 ls58 ws47\">Quoted<span class=\"_ _2b5\"> </span></td><td class=\"c xe6b y300c w24c h81\"><div class=\"t m0 x2bd h3b y2d37 ffc7 fs8 fc7 sc0 ls58 ws47\">Unquoted</div><div class=\"t m0 xe6a h4a y2dcb ffc7 fs1e fc7 sc0 ls9 ws1\">*</div></td><td class=\"t m0 xb8f h3b y300b ffc7 fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xe6c h3a y300b ffc8 fs8 fc7 sc0 ls58 ws47\">Quoted<span class=\"_ _2b5\"> </span></td><td class=\"c xe6e y300d w24d hb5\"><div class=\"t m0 x2bd h3a y2c9f ffc8 fs8 fc7 sc0 ls58 ws47\">Unquoted</div><div class=\"t m0 xe6d h43 y3004 ffc8 fs1e fc7 sc0 ls9 ws1\">*<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 xdfd h3a y300b ffc8 fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 xe6f h3b y300e ffc7 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d5 h3b y300e ffc7 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xe70 h3b y300e ffc7 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb90 h3a y300e ffc8 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d1 h3a y300e ffc8 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y300e ffc8 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h39 y300f ffc7 fs5 fc7 sc0 ls57 ws46\">Debt securities:<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y3010 w19e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2013 UK Government<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe71 y3010 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">538.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe72 y3010 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">1.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe73 y3010 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">539.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe74 y3010 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">482.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc0b y3010 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe75 y3010 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">482.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3011 w6e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2013 UK Corporate<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe76 y3011 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe77 y3011 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">45.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe78 y3011 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">45.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe79 y3011 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">0.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe7a y3011 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">11.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x843 y3011 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">12.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3012 w24e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2013 Overseas Government<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe7b y3012 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">9.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe7c y3012 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">11.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe7d y3012 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">21.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe7e y3012 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">10.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe7f y3012 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">11.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e0 y3012 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">21.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3013 w24f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2013 Overseas Corporate<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe80 y3013 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">0.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe81 y3013 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">211.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe82 y3013 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">212.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe83 y3013 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">0.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe84 y3013 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">101.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe85 y3013 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">101.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3014 w23e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2013 Emerging Markets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe86 y3014 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">0.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe87 y3014 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">2.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe88 y3014 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">3.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe89 y3014 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe8a y3014 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">27.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe8b y3014 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">27.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3015 w250 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2013 Private Debt<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe8c y3015 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe8d y3015 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">110.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe8e y3015 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">110.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe8f y3015 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe90 y3015 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">134.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe91 y3015 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">134.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3016 w251 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">\u2013 Secured Loans<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe92 y3016 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe93 y3016 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe94 y3016 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe95 y3016 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe96 y3016 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">39.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe32 y3016 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">39.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n xe97 y3017 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">549.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe98 y3017 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">383.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe99 y3017 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">932.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe9a y3017 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">493.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe9b y3017 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">325.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe9c y3017 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">819.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3018 w252 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">Property<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe80 y3018 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">2.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe9d y3018 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">45.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe9e y3018 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">48.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe9f y3018 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">2.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x757 y3018 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">88.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x758 y3018 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">90.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3019 w253 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">Infrastructure<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe52 y3019 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">1.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xea0 y3019 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xea1 y3019 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">1.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xea2 y3019 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">1.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xea3 y3019 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x53d y3019 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">1.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y301a w254 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">Credit Funds<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xea4 y301a w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">1.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xea5 y301a w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbd9 y301a w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">1.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xea6 y301a w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">2.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xea7 y301a w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbb2 y301a w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">2.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y301b w255 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">Hedge Funds<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xea8 y301b w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xea9 y301b w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">1.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeaa y301b w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">1.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeab y301b w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeac y301b w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">2.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7c6 y301b w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">2.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y301c wc4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">Absolute Return Funds<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xead y301c w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeae y301c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeaf y301c w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeb0 y301c w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeb1 y301c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeb2 y301c w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y301d w156 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">Insurance Contracts<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeb3 y301d w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeb4 y301d w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">69.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b4 y301d w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">69.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeb5 y301d w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeb6 y301d w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">71.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x800 y301d w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">71.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y301e w61 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">Cash<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeb7 y301e w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">81.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe9d y301e w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">20.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeb8 y301e w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">101.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeb9 y301e w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">34.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeba y301e w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">133.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xebb y301e w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">167.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y301f w256 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">Other<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe52 y301f w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">4.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe53 y301f w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">5.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe9 y301f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">10.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xebc y301f w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">(8.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xebd y301f w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">(1.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xebe y301f w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">(9.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n xebf y3020 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">90.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xec0 y3020 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">142.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xec1 y3020 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">233.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xec2 y3020 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">32.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xec3 y3020 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">293.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xec4 y3020 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">326.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3021 wa6 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffc7 fs5 fc7 sc0 ls57 ws46\">Total<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xec5 y3021 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffc7 fs5 fc7 sc0 ls57 ws46\">641.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xec6 y3021 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffc7 fs5 fc7 sc0 ls57 ws46\">563.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xec7 y3021 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffc7 fs5 fc7 sc0 ls57 ws46\">1,205.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xec8 y3022 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">529.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xec9 y3022 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">646.7</div></td><td class=\"t m0 xeca h38 y3023 ffc8 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _42\"> </span>1,175.7 </td></tr><tr><td class=\"t m0 x349 h38 y3024 ffc8 fs5 fc7 sc0 ls9 ws1\">Present value of scheme liabilities<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y3025 w257 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">(before effect of asset ceiling limit)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xecb y3025 w29 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">(1,178.3)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xecc y3025 w258 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">(1,<span class=\"_ _2a\"></span>136.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y3026 ffc8 fs5 fc7 sc0 ls9 ws1\">Net surplus<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y3027 w257 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">(before effect of asset ceiling limit)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xecd y3027 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">26.8<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n x707 y3027 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">39.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3028 w259 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">Effect of asset ceiling limit<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xece y3028 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xecf y3028 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">(0.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y3029 ffc8 fs5 fc7 sc0 ls9 ws1\">Present value of scheme liabilities<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y302a w25a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">(after effect of asset ceiling limit)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xed0 y302a w29 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">(1,178.3)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xed1 y302a w29 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">(1,136.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y302b ffc8 fs5 fc7 sc0 ls9 ws1\">Net surplus<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2c1b w25a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">(after effect of asset ceiling limit)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xe78 y2c1b w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">26.8<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n x9b9 y2c1b w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">39.6<span class=\"_ _2b5\"> </span></div></td></tr></table>*<span class=\"_ _15\"> </span><span class=\"ls58 ws47\">Some inves<span class=\"_ _2a\"></span>tments are in funds which are in themselves not traded in active markets.<span class=\"_ _2b5\"> </span></span>The HPS Trustee Board invests in Liability Driven Investments (LDIs) as part of a risk hed<span class=\"_ _1\"></span>ging strategy. The aim of the strategy is to match the value of the assets to the movement in liabilitie<span class=\"_ _1\"></span>s (on a funding basis) arising from changes in market expectations of future inflation rates and<span class=\"_ _1\"></span> future gilt yields. To achieve this, LDIs invest in a variety of instruments including gilts, synthetic gilts (combination of rep<span class=\"_ _1\"></span>urchase agreement, reverse repurchase agreements and total return swaps) and cash. In<span class=\"_ _1\"></span> the table above, the LDI at 31<span class=\"_ gs15\"> </span>December 2023 (approximately \u00a3546.3m) has been mapped as 95.4% Quoted UK Government Bonds, 1.5% Quoted Overseas Government Bonds, 2.3% Quoted Cash and 0.8% Quo<span class=\"_ _1\"></span>ted Other. The assets do not include any directly owned financial instruments issued<span class=\"_ _1\"></span> by the Group.<span class=\"_ _2b5\"> </span>Within the Private Debt allocation above, approximately \u00a379.0m relates to<span class=\"_ _1\"></span> adjusted lagged valuations at 31<span class=\"_ gs15\"> </span>December 2023. In arriving at this figure, allowance has been mad<span class=\"_ _1\"></span>e for broad market movements and distributions between 30<span class=\"_ gs15\"> </span>September 2023 (the most recent valuatio<span class=\"_ _1\"></span>n of these assets) and 31<span class=\"_ gs15\"> </span>December 2023.<span class=\"_ _2b5\"> </span>In accordance with the HPS Trustee Board\u2019s focus on financially material conside<span class=\"_ _1\"></span>rations, it is acknowledged that Environment, Social and Governance (ESG) factors can impact security prices. The<span class=\"_ _1\"></span> HPS Trustee Board has discussed their views on ESG factors, and considered the Group\u2019s pe<span class=\"_ _1\"></span>rspective, and developed responsible investment beliefs. These can be found in the HPS\u2019s Statemen<span class=\"_ _1\"></span>t of Investment Principles (on its website at https://www.horizonpensionscheme.com/library).<span class=\"_ _2b5\"> </span>IFRIC<span class=\"_ gs15\"> </span>14<span class=\"_ _2b5\"> </span>The Group has considered the impact of IFRIC<span class=\"_ gs15\"> </span>14 <span class=\"_ _1\"></span><span class=\"ffcb\">IAS<span class=\"_ gs15\"> </span>19<span class=\"_ gs15\"> </span>-<span class=\"_ gs15\"> </span>The Limit on a Defined Benefit Asset, Minimum </span>Funding Requirements and their Interaction<span class=\"ffca ls9 ws1\"> on the various schemes (in relation to either recognising a </span>surplus or allowing for the impact of any funding commitments made) and h<span class=\"_ _1\"></span>as concluded, based on its interpretation of the rules for each of the schemes, that IFRIC<span class=\"_ gs15\"> </span>14 would n<span class=\"_ _1\"></span>ot affect the balance sheet position at this reporting date for any of the schemes. For clarity the HPS, the Group\u2019s main d<span class=\"_ _1\"></span>efined benefit scheme, IFRIC<span class=\"_ gs15\"> </span>14 would not limit the surplus or increase the deficits shown at the repo<span class=\"_ _1\"></span>rting date because the Group has an unconditional right to a refund assuming the gradual se<span class=\"_ _1\"></span>ttlement of the scheme liabilities over time until all members have left the scheme.<span class=\"_ _2b5\"> </span>Reconciliation of retirement benefits<span class=\"_ _2b5\"> </span>Explanation of constituents of the consolidated income statement.<span class=\"_ _2b5\"> </span>The cost of providing the retirement benefits during the year is broke<span class=\"_ _1\"></span>n down as follows, with due consideration being made for events which require the income state<span class=\"_ _1\"></span>ment to be re-measured over the course of the year:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Service cost is the cost to the Group of future benefits e<span class=\"_ _1\"></span>arned by contributing members over the current financial period.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Past service cost represents the change in the prese<span class=\"_ _1\"></span>nt value of scheme liabilities in the current period in relation to prior years\u2019 service.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Administration costs are those entailed by the pe<span class=\"_ _1\"></span>nsion schemes over the current period.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Interest expense/(income) is made up of the inte<span class=\"_ _1\"></span>rest on pension liabilities and assets over the current period generally based on the discount rate adopted at the<span class=\"_ _1\"></span> start of the period. An allowance for interest on the asset ceiling is recognised where applicable as at <span class=\"_ _1\"></span><span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023 and 31<span class=\"_ gs15\"> </span>December 2022<span class=\"ls9 ws1\">.<span class=\"_ _2b5\"> </span></span></span>\u2022<span class=\"_ _ae\"> </span>Termination benefits are employee bene<span class=\"_ _1\"></span>fits payable as a result of either: (a) the Group\u2019s decision to terminate an employee\u2019s employment before the normal retirement da<span class=\"_ _1\"></span>te; or (b) an employee\u2019s decision to accept an offer of benefits in exchange for the termination of emplo<span class=\"_ _1\"></span>yment.<span class=\"_ _2b5\"> </span><div class=\"t m0 h38 ffcd fs5 fc7 sc0 ls9 ws1 gs84d\">All schemes are partly or wholly funded, and the following table shows the co<span class=\"_ _1\"></span>mponents of the movements<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ffcd fs5 fc7 sc0 ls9 ws1 gs84e\">from the opening to the closing balances for the net defined b<span class=\"_ _1\"></span>enefit asset:<span class=\"_ _2b5\"> </span></div><div class=\"gs84f\"><table class=\"s w25b hb7\" id=\"_2b853936-611a-4886-9900-a7de53d256ff\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xc94 h3b y302c ffcc fs8 fc7 sc0 ls58 ws47\">Group total<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td class=\"c n xed2 y302d w25c h69\"><div class=\"t m0 x2bd h3b y2d37 ffcc fs8 fc7 sc0 ls58 ws47\">Defined benefit obligation<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xed3 y302d w25d h69\"><div class=\"t m0 x2bd h3b y2d37 ffcc fs8 fc7 sc0 ls58 ws47\">Fair value of plan assets<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xed4 y302d w25e h69\"><div class=\"t m0 x2bd h3b y2d37 ffcc fs8 fc7 sc0 ls58 ws47\">Net defined benefit asset<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"t m0 xed5 h3b y302e ffcc fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4f7 h3a y302e ffcd fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xed6 h3b y302e ffcc fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x8d8 h3a y302e ffcd fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x63c h3b y302e ffcc fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y302e ffcd fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 xc95 h3b y302f ffcc fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xed7 h3a y302f ffcd fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xed8 h3b y302f ffcc fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x8d3 h3a y302f ffcd fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x47c h3b y302f ffcc fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y302f ffcd fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y3030 w19a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xed9 y3030 w25f h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(1,136.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeda y3030 w25f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(1,791.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xedb y3030 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">1,175.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xedc y3030 w260 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">1,797.<span class=\"_ _2a\"></span>3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xedd y3030 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">39.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x526 y3030 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">5.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y3031 ffcc fs5 fc7 sc0 ls57 ws46\">Included in the consolidated </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x2d8 h39 y3032 ffcc fs5 fc7 sc0 ls57 ws46\">income statement:<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y3033 w23d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">Current service cost<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xede y3033 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(2.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xedf y3033 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">(4.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee0 y3033 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee1 y3033 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee2 y3033 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(2.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee3 y3033 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">(4.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3034 w23e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">Administration costs<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee4 y3034 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(4.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee5 y3034 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">(3.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee6 y3034 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee7 y3034 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee8 y3034 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(4.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee9 y3034 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">(3.9)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3035 w23f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">Past service cost<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee4 y3035 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee5 y3035 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee6 y3035 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee7 y3035 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee8 y3035 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee9 y3035 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3036 w240 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">Termination benefits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeea y3036 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeeb y3036 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeec y3036 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeed y3036 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeee y3036 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x78f y3036 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3037 w241 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">Effect of settlements<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeef y3037 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xef0 y3037 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xef1 y3037 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xef2 y3037 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xef3 y3037 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xef4 y3037 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">(0.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3038 w261 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">Interest income/(expense)*<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xef5 y3038 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(53.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xef6 y3038 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(44.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xef7 y3038 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">56.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xef8 y3038 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">47.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xef9 y3038 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">2.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xefa y3038 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">3.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y3039 ffcc fs5 fc7 sc0 ls57 ws46\">Sub-total in consolidated </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y303a w262 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">income statement<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xefb y303a w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(61.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xefc y303a w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(52.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xefd y303a w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">56.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xefe y303a w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">47.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeff y303a w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(5.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf00 y303a w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">(5.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c x2be y303c w263 hb8\"><div class=\"t m0 x2bd h39 y303b ffcc fs5 fc7 sc0 ls57 ws46\">Included in other comprehensive<span class=\"_ _2b5\"> </span></div><div class=\"t m0 x2bd h39 y2c43 ffcc fs5 fc7 sc0 ls57 ws46\">income:<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x2d8 h38 y303d ffcd fs5 fc7 sc0 ls9 ws1\">Actuarial gain/(loss) arising from:<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y303e w264 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">\u2013 demographic assumptions<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf01 y303e w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">6.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf02 y303e w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">6.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf03 y303e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf04 y303e w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf05 y303e w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">6.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf06 y303e w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">6.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y303f w265 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">\u2013 financial assumptions<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xefb y303f w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(28.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf07 y303f w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">706.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf08 y303f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf09 y303f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7ac y303f w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(28.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbc7 y303f w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">706.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3040 w266 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">\u2013 experience adjustments<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf0a y3040 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(6.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf0b y3040 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(50.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf0c y3040 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf0d y3040 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf0e y3040 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(6.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf0f y3040 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(50.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y3041 ffcd fs5 fc7 sc0 ls9 ws1\">\u2013 changes in asset ceiling/<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y3042 w267 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">minimum liability<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeef y3042 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xef0 y3042 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">2.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xef1 y3042 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf10 y3042 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf11 y3042 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf12 y3042 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">2.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y3043 ffcd fs5 fc7 sc0 ls9 ws1\">Return on plan assets excluding </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y3044 w268 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">interest<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf13 y3044 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf14 y3044 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf15 y3044 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(39.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf16 y3044 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(673.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7b5 y3044 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(39.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf17 y3044 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(673.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c x2be y3045 w269 h87\"><div class=\"t m0 x2bd h39 y2c5b ffcc fs5 fc7 sc0 ls9 ws1\">Sub-total in other<span class=\"_ _2b5\"> </span></div><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">comprehensive income<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf18 y3045 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(28.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf19 y3045 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">664.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf1a y3045 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(39.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf1b y3045 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(673.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7ac y3045 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(68.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf1c y3045 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">(8.9)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3046 w26a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">Employer contributions<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf1d y3046 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf1e y3046 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf1f y3046 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">60.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf20 y3046 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">48.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf21 y3046 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">60.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x324 y3046 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">48.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3047 w26b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">Contributions by employees<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf22 y3047 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(2.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf23 y3047 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">(1.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf24 y3047 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">2.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf25 y3047 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">1.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf26 y3047 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xde6 y3047 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3048 w26c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">Benefits paid<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf27 y3048 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">50.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf28 y3048 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">47.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf29 y3048 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(50.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf2a y3048 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(47.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf2b y3048 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x627 y3048 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y3049 ffcd fs5 fc7 sc0 ls57 ws46\">Exchange movement - recognised </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y304a w26d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">in other comprehensive income<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf2c y304a w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(0.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf2d y304a w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">(2.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf2e y304a w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf2f y304a w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">2.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf30 y304a w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(0.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x647 y304a w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">(0.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c1b w26e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">At 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf31 y2c1b w25f h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(1,178.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf32 y2c1b w25f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(1,136.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf33 y2c1b w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">1,205.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf34 y2c1b wc2 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">1,<span class=\"_ _2a\"></span>175.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf35 y2c1b w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">26.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x741 y2c1b w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">39.6<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"gs233\"><table class=\"s w26f hb9\" id=\"_6a68b459-5b2d-4e75-834e-b1fa9562630a\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xb41 h3b y304b ffcc fs8 fc7 sc0 ls58 ws47\">Group total<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td class=\"c n xf36 y304c w25c h69\"><div class=\"t m0 x2bd h3b y2d37 ffcc fs8 fc7 sc0 ls58 ws47\">Defined benefit obligation<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xf37 y304c w25d h69\"><div class=\"t m0 x2bd h3b y2d37 ffcc fs8 fc7 sc0 ls58 ws47\">Fair value of plan assets<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xf38 y304c w25e h69\"><div class=\"t m0 x2bd h3b y2d37 ffcc fs8 fc7 sc0 ls58 ws47\">Net defined benefit asset<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"t m0 xf39 h3b y304d ffcc fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb85 h3a y304d ffcd fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x721 h3b y304d ffcc fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb45 h3a y304d ffcd fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 xf3a h3b y304d ffcc fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xdfd h3a y304d ffcd fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 xcb2 h3b y304e ffcc fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x489 h3a y304e ffcd fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb48 h3b y304e ffcc fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x486 h3a y304e ffcd fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x492 h3b y304e ffcc fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y304e ffcd fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h38 y304f ffcd fs5 fc7 sc0 ls9 ws1\">Schemes in a net surplus<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x531 y3050 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">HPS<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf3b y3050 w25f h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(1,125.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf3c y3050 w25f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(1,087.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf3d y3050 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">1,154.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf3e y3050 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">1,126.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf3f y3050 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">29.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf40 y3050 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">39.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xf41 y2de4 w68 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">Other schemes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf42 y2de4 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(15.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf43 y2de4 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(15.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf44 y2de4 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">19.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf45 y2de4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">18.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc27 y2de4 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">3.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf46 y2de4 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">3.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n xf47 y3051 w25f h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(1,140.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf48 y3051 w25f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(1,102.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf49 y3051 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">1,173.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf4a y3051 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">1,144.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf4b y3051 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">32.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf4c y3051 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">42.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y3052 ffcd fs5 fc7 sc0 ls9 ws1\">Schemes in a net deficit<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n xf41 y3053 w68 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">Other schemes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf42 y3053 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(37.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf43 y3053 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(33.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf44 y3053 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">31.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf45 y3053 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">30.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf4d y3053 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(5.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf4e y3053 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">(3.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n xf4f y304a w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(37.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf50 y304a w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(33.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf51 y304a w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">31.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf52 y304a w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">30.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf53 y304a w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(5.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf54 y304a w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(3.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c1b w26e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">At 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf31 y2c1b w25f h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(1,178.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf32 y2c1b w25f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(1,136.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf33 y2c1b w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">1,205.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf34 y2c1b wc2 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">1,<span class=\"_ _2a\"></span>175.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf35 y2c1b w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">26.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x741 y2c1b w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">39.6<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h3a ffcd fs8 fc7 sc0 ls9 ws1 gs851\">*<span class=\"_ _15\"> </span><span class=\"ls58 ws47\">Includes<span class=\"_ _2a\"></span> impact of asset ceiling on net interest of \u00a3nil in 2023 (2022: \u00a30.1m).<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ffcd fs5 fc7 sc0 ls9 ws1 gs852\">Of the total pension cost of <span class=\"ls57 ws46\">\u00a35.0m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a35.4m</span>), <span class=\"ls57 ws46\">\u00a33.3m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a35.1m</span>) was included in cost of sales, <span class=\"_ _1\"></span><span class=\"ls57 ws46\">\u00a34.4m<span class=\"_ _2b5\"> </span></span><span class=\"ls57 ws46\"><span class=\"ls9 ws1\"> </span></span></div><div class=\"t m0 h38 ffcd fs5 fc7 sc0 ls9 ws1 gs853\">(<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a33.9m</span>) was included in administrative expenses, and <span class=\"_ _1\"></span><span class=\"ls57 ws46\">\u00a32.7m<span class=\"ls9 ws1\"> of net interest income (</span>2022<span class=\"ls9 ws1\">: </span>\u00a33.6m<span class=\"ls9 ws1\"> of<span class=\"_ _2b5\"> </span></span></span><span class=\"ls57 ws46\"><span class=\"ls9 ws1\"> </span></span></div><div class=\"t m0 h38 ffcd fs5 fc7 sc0 ls9 ws1 gs854\">net interest income) was included in net finance costs.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ffcc fs5 fc6 sc0 ls9 ws1 gs855\">Breakdown of liabilities for the HPS<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffcd fs5 fc7 sc0 ls9 ws1 gs856\">Information about the defined benefit obligation for the HPS:<span class=\"_ _2b5\"> </span></div><div class=\"gs857\"><table class=\"s w270 hba\" id=\"_5619f244-bf1f-469d-9911-245a2aa7e39a\"><tr><td></td><td class=\"t m0 xf55 h3b y3054 ffcc fs8 fc7 sc0 ls58 ws47\">Proportion of </td><td></td><td class=\"t m0 x491 h3a y3054 ffcd fs8 fc7 sc0 ls58 ws47\">Proportion of </td><td></td></tr><tr><td></td><td class=\"t m0 xcb0 h3b y3055 ffcc fs8 fc7 sc0 ls58 ws47\">overall liability<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 xb3f h3a y3055 ffcd fs8 fc7 sc0 ls58 ws47\">overall liability<span class=\"_ _2b5\"> </span></td><td></td></tr><tr><td></td><td class=\"c n xf56 y3056 w271 h69\"><div class=\"t m0 x2bd h3b y2d37 ffcc fs8 fc7 sc0 ls9 ws1\">%<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf57 y3056 w272 h69\"><div class=\"t m0 x2bd h3b y2d37 ffcc fs8 fc7 sc0 ls58 ws47\">Duration (years)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf58 y3057 w271 h67\"><div class=\"t m0 x2bd h3a y2c9f ffcd fs8 fc7 sc0 ls9 ws1\">%<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf59 y3057 w273 h67\"><div class=\"t m0 x2bd h3a y2c9f ffcd fs8 fc7 sc0 ls58 ws47\">Duration (years)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n xf5a y3058 wc7 h69\"><div class=\"t m0 x2bd h3a y2c9f ffcc fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf5b y3058 wc7 h69\"><div class=\"t m0 x2bd h3a y2c9f ffcc fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf5c y3058 wc7 h67\"><div class=\"t m0 x2bd h3a y2c9f ffcd fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf5d y3058 wc7 h67\"><div class=\"t m0 x2bd h3a y2c9f ffcd fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e12 w274 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">Active members<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf5e y2e12 w275 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf5f y2e12 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">17.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf60 y2e12 w275 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf61 y2e12 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">16.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bf8 w276 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">Deferred members<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf62 y2bf8 w277 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">54<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf63 y2bf8 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">18.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf64 y2bf8 w277 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">59<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x741 y2bf8 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">18.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bfb w278 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">Pensioners<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf65 y2bfb w277 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">41<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf66 y2bfb w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">10.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf67 y2bfb w277 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">35<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf68 y2bfb we9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">10.<span class=\"_ _2a\"></span>6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w279 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">Total percentage / average duration<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf69 y2be6 wc7 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">100<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf6a y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">15.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf6b y2be6 wc7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">100<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf6c y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">15.5<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ffcd fs5 fc7 sc0 ls9 ws1 gs32f\">Duration is a weighted average of when benefits are expected to b<span class=\"_ _1\"></span>e paid from a pension scheme. It is<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ffcd fs5 fc7 sc0 ls9 ws1 gs268\">sensitive to the interest rate used to calculate it. The increase in yields in re<span class=\"_ _1\"></span>cent years has acted to reduce<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ffcd fs5 fc7 sc0 ls9 ws1 gs106\">the duration of the HPS (because less weight is placed on the pension<span class=\"_ _1\"></span> cash flows stretching far out into the<span class=\"_ _2b5\"> </span> </div><div class=\"t m0 h38 ffcd fs5 fc7 sc0 ls9 ws1 gs269\">future).<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ffce fs5 fc6 sc0 ls57 ws46 gs859\">Financial and demographic assumptions<span class=\"_ _2b5\"> </span></div><div class=\"gs85a\"><table class=\"s w27a hbb\" id=\"_8404b14d-4b99-48a7-b32e-7065d9ee707e\"><tr><td></td><td class=\"t m0 x307 h3b y3059 ffce fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y3059 ffcf fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c x2be y305a w27b h81\"><div class=\"t m0 x2bd h3b y2d37 ffce fs8 fc7 sc0 ls58 ws47\">Main assumptions</div><div class=\"t m0 xf6d h4a y2dcb ffce fs1e fc7 sc0 ls9 ws1\">1<span class=\"_ _2b5\"> </span></div><div class=\"t m0 xf6e h3b y2d37 ffce fs8 fc7 sc0 ls9 ws1\">:<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 x69a h3b y305b ffce fs8 fc7 sc0 ls9 ws1\">%<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xf6f h3a y305b ffcf fs8 fc7 sc0 ls9 ws1\">%<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2f81 w27c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls9 ws1\">Rate of price inflation \u2013 RPI<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcf7 y2f81 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">3.05<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcf8 y2f81 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">3.15<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y305c w27c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls9 ws1\">Rate of price inflation \u2013 CPI<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcf7 y305c w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">2.45<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcf8 y305c w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">2.50<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bf5 w1a8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls9 ws1\">Rate of salary increase<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf70 y2bf5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">3.05<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf71 y2bf5 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">3.15<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c x2be y2d6f w27d h79\"><div class=\"t m0 x2bd h38 y2d80 ffcf fs5 fc7 sc0 ls9 ws1\">Rate of increase of pensions in payment<span class=\"_ _2b5\"> </span></div><div class=\"t m0 xf72 h3e y2d81 ffcf fs1c fc7 sc0 ls9 ws1\">2<span class=\"_ _2b5\"> </span></div><div class=\"t m0 xf73 h38 y2bd0 ffcf fs5 fc7 sc0 ls9 ws1\">:<span class=\"_ _2b5\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x2be y2d8e w27e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls9 ws1\">\u2013 RPI inflation capped at 5% per annum<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x328 y2d8e w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">3.00<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x33e y2d8e w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">3.05<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be3 w27f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls9 ws1\">\u2013 RPI inflation capped at 2.5% per annum<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf74 y2be3 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">2.15<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb43 y2be3 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">2.15<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be4 w27e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls9 ws1\">\u2013 CPI inflation capped at 5% per annum<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x328 y2be4 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">2.45<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x33e y2be4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">2.50<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be5 w253 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls9 ws1\">Discount rate<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe31 y2be5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">4.55<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe32 y2be5 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">4.75<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w162 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls9 ws1\">Expected take up maximum available tax free cash<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf75 y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">85.00<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x435 y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">85.00<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h3a ffcf fs8 fc7 sc0 ls58 ws47 gs85b\">1.<span class=\"_ _9\"> </span>Different assumptions apply to non-UK schemes, for example: the discount rate for the Irish Schemes is 3.7%<span class=\"_ gs234\"> </span>pa, and for the Swiss </div><div class=\"t m0 h3a ffcf fs8 fc7 sc0 ls58 ws47 gs85c\">schemes it is 1.5%<span class=\"_ gs234\"> </span>pa in 2023<span class=\"ls9 ws1\">.<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h3a ffcf fs8 fc7 sc0 ls58 ws47 gs85d\">2.<span class=\"_ _9\"> </span>There are other levels of pension increase which apply to particular periods of membership.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffcf fs5 fc7 sc0 ls9 ws1 gs85e\">The average future life expectancy from age 65 (in years) for mortality tab<span class=\"_ _1\"></span>les used to determine scheme </div><div class=\"t m0 h38 ffcf fs5 fc7 sc0 ls9 ws1 gs85f\">liabilities for the various different schemes at <span class=\"_ _1\"></span><span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023 and 31<span class=\"_ gs15\"> </span>December 2022<span class=\"ls9 ws1\"> are as follows:<span class=\"_ _2b5\"> </span></span></span></div><div class=\"gs860\"><table class=\"s w280 hbc\" id=\"_3dfca9c5-0eb8-48eb-b39a-5a662e18d662\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x4fb h3b y305d ffce fs8 fc7 sc0 ls58 ws47\">Member currently aged 65 (current life expectancy)<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td class=\"c n xf76 y305e w281 h69\"><div class=\"t m0 x2bd h3b y2d37 ffce fs8 fc7 sc0 ls58 ws47\">Male<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xf77 y305e w282 h69\"><div class=\"t m0 x2bd h3b y2d37 ffce fs8 fc7 sc0 ls58 ws47\">Female<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n xf78 y305f wc7 h69\"><div class=\"t m0 x2bd h3a y2c9f ffce fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf79 y305f wc7 h67\"><div class=\"t m0 x2bd h3a y2c9f ffcf fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf7a y305f wc7 h69\"><div class=\"t m0 x2bd h3a y2c9f ffce fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf7b y305f wc7 h67\"><div class=\"t m0 x2bd h3a y2c9f ffcf fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y3060 ffcf fs5 fc7 sc0 ls9 ws1\">HPS<span class=\"_ _2b5\"> </span></td><td class=\"c n xf7c y2be5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">21.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf7d y2be5 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">22.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf7e y2be5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">23.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf7f y2be5 we9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">24.<span class=\"_ _2a\"></span>3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w6e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls9 ws1\">Other Schemes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf80 y2be6 w283 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">21.0 to 22.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf81 y2be6 w284 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">21.1 to 22.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf82 y2be6 w283 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">23.4 to 24.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf83 y2be6 w284 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">23.7 to 24.5<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h3e ffcf fs1c fc7 sc0 ls9 ws1 gs861\">1<span class=\"_ _2b5\"> </span></div><div class=\"gs862\"><table class=\"s w280 hbc\" id=\"_1751edd1-92d0-4c90-b97d-c145cdbb2b99\"><tr><td></td><td></td><td class=\"t m0 xed6 h3b y305d ffce fs8 fc7 sc0 ls58 ws47\">Member currently aged 45 (life expectancy at 65)<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c n xf76 y305e w281 h69\"><div class=\"t m0 x2bd h3b y2d37 ffce fs8 fc7 sc0 ls58 ws47\">Male<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xf77 y305e w282 h69\"><div class=\"t m0 x2bd h3b y2d37 ffce fs8 fc7 sc0 ls58 ws47\">Female<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n xf78 y305f wc7 h69\"><div class=\"t m0 x2bd h3a y2c9f ffce fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf79 y305f wc7 h67\"><div class=\"t m0 x2bd h3a y2c9f ffcf fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf7a y305f wc7 h69\"><div class=\"t m0 x2bd h3a y2c9f ffce fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf7b y305f wc7 h67\"><div class=\"t m0 x2bd h3a y2c9f ffcf fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y3061 ffcf fs5 fc7 sc0 ls9 ws1\">HPS<span class=\"_ _2b5\"> </span></td><td class=\"c n xf7c y2be5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">22.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf7d y2be5 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">22.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf7e y2be5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">25.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf7f y2be5 we9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">25.<span class=\"_ _2a\"></span>2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w6e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls9 ws1\">Other Schemes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf80 y2be6 w283 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">22.2 to 25.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf81 y2be6 w284 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">22.3 to 25.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf82 y2be6 w283 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">24.9 to 26.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf83 y2be6 w284 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">25.2 to 26.5<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h3e ffcf fs1c fc7 sc0 ls9 ws1 gs863\">1<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h3a ffcf fs8 fc7 sc0 ls58 ws47 gs864\">1.<span class=\"_ _9\"> </span>The assumptions used for the HPS are tailored for each member. The assumptions adopted make allowance for an increase in the longevity </div><div class=\"t m0 h3a ffcf fs8 fc7 sc0 ls58 ws47 gs865\">in the future (CMI 2022 core model Sk=7.0) with a long-term rate of improvement of 1.25%<span class=\"_ gs234\"> </span>pa, an \u2018A\u2019 parameter of 0.25% for both males and </div><div class=\"t m0 h3a ffcf fs8 fc7 sc0 ls58 ws47 gs866\">females and no weighting applied to 2020 and 2021 data, 25% weighting on 2022 data). The rate for members currently aged 65 is derived </div><div class=\"t m0 h3a ffcf fs8 fc7 sc0 ls58 ws47 gs867\">from the pensioner membership and the rate for members reaching age 65 in 20 years' time is derived from non-pensioner membership.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDefinedBenefitPlansExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-488": {
   "value": "5.2 Pensions<span class=\"_ _2b5\"> </span>Accounting policies<span class=\"_ _2b5\"> </span>Defined contribution pension schemes<span class=\"_ _2b5\"> </span>The Group maintains a number of defined contribution pension schemes and for these schemes<span class=\"_ _2a\"></span> the Group has no further payment obligations once the contributions have been paid. The contributions<span class=\"_ _2a\"></span> are recognised as an employee benefit expense in the consolidated income state<span class=\"_ _1\"></span>ment when the related service is provided and as they fall due.<span class=\"_ _2b5\"> </span>Defined benefit pension schemes<span class=\"_ _2b5\"> </span>In addition, the Group operates two defined benefit pension sch<span class=\"_ _1\"></span>emes and participates in a number of other defined benefit pension schemes, all of which require contribution<span class=\"_ _1\"></span>s to be made to separate trustee-<span class=\"_ _2b5\"> </span>administered funds. The costs of providing benefits under these sche<span class=\"_ _1\"></span>mes are determined separately for each scheme using the projected unit credit method, which attributes e<span class=\"_ _1\"></span>ntitlement to benefits to the current period (to determine current service cost) and to the current and prior p<span class=\"_ _1\"></span>eriods (to determine the present value of the defined benefit obligation) and is based on actu<span class=\"_ _1\"></span>arial advice. Past service costs are recognised immediately in the consolidated income statement.<span class=\"_ _2b5\"> </span>When a settlement (eliminating all obligations for benefits already accru<span class=\"_ _1\"></span>ed) or a curtailment (reducing future obligations as a result of a material reduction in the scheme membership<span class=\"_ _1\"></span> or a reduction in future entitlement) occurs, the obligation and related plan assets are reme<span class=\"_ _1\"></span>asured using current actuarial assumptions and the resultant gain/loss recognised in the consolid<span class=\"_ _1\"></span>ated income statement during the period in which the settlement or curtailment occurs.<span class=\"_ _2b5\"> </span>Remeasurements of the net defined benefit asset/liability, which comprise a<span class=\"_ _1\"></span>ctuarial gains and losses, the return on plan assets (excluding interest) and the effect of the asset ce<span class=\"_ _1\"></span>iling (if any, excluding interest), are recognised immediately in other comprehensive income and will not be<span class=\"_ _1\"></span> reclassified to the consolidated income statement. The Group generally determines the net interest exp<span class=\"_ _1\"></span>ense/income on the net defined benefit asset/liability for the year by applying the discount rate used to me<span class=\"_ _1\"></span>asure the defined benefit obligation at the beginning of the year to the then net defin<span class=\"_ _1\"></span>ed benefit asset/liability, taking into account any changes in the net defined benefit asset/liability during the year a<span class=\"_ _1\"></span>s a result of contributions and benefit payments. However, due consideration is given to events which require the<span class=\"_ _1\"></span> net interest expense/income on the net defined benefit asset/liability to be remeasured over the co<span class=\"_ _1\"></span>urse of the year.<span class=\"_ _2b5\"> </span>Current and past service costs are charged to operating profit while the n<span class=\"_ _1\"></span>et interest cost is included within net finance costs.<span class=\"_ _2b5\"> </span>The net asset/(liability) in the consolidated balance sheet with respe<span class=\"_ _1\"></span>ct to the defined benefit pension schemes comprises the total for each scheme, or group of schemes, of the prese<span class=\"_ _1\"></span>nt value of the defined benefit obligation (using a discount rate based on high qua<span class=\"_ _1\"></span>lity corporate bonds), less the fair value of assets out of which the obligations are to be settled directly. The policy to dete<span class=\"_ _1\"></span>rmine fair value of assets is detailed in the note below. Where applicable the value of a net pension<span class=\"_ _1\"></span> benefit asset is restricted to the present value of any amount the Group expects to recover by way of refunds or re<span class=\"_ _1\"></span>ductions in the future contributions.<span class=\"_ _2b5\"> </span>Significant accounting estimates and assumptions<span class=\"_ _2b5\"> </span>Measurement of defined benefit obligations \u2013 the accounting<span class=\"_ _1\"></span> cost of these benefits and the present value of pension liabilities involve judgements about uncertain events includ<span class=\"_ _1\"></span>ing such factors as the life expectancy of members, the salary progression of current employees, price inflation and<span class=\"_ _1\"></span> the discount rate used to calculate the net present value of the future pension payments. T<span class=\"_ _1\"></span>he Group uses estimates for all of these factors in determining the pension costs and liabilities incorporated in<span class=\"_ _1\"></span> the consolidated financial statements. The assumptions reflect historical experience and judgement regard<span class=\"_ _1\"></span>ing future expectations.<span class=\"_ _2b5\"> </span>The Group continued to set Retail Price Inflation (RPI) in accordance with the<span class=\"_ _1\"></span> market break-even expectations less an inflation risk premium, which has remained at 0.25%<span class=\"_ gs15\"> </span>pa<span class=\"_ _1\"></span>. For Consumer Price Inflation (CPI), the Group reduced the assumed difference between RPI and CPI to an<span class=\"_ _1\"></span> average of 0.60%<span class=\"_ gs15\"> </span>pa.<span class=\"_ _2b5\"> </span>Short-term inflation expectations continued to remain high due to the<span class=\"_ _1\"></span> global economic recovery from the initial phase of Covid-19, combined with supply constraints in certain sectors su<span class=\"_ _1\"></span>ch as energy. Current inflation levels continue to be higher than recent norms. This will have<span class=\"_ _1\"></span> an impact on pension increases that are linked to inflation and this impact, where applicable, has been<span class=\"_ _1\"></span> reflected in the disclosures. It should be noted that a material proportion of pension increases are capp<span class=\"_ _1\"></span>ed (at different levels, but the main cap is 5.0%<span class=\"_ gs15\"> </span>pa) with some caps applying annually and others applying o<span class=\"_ _1\"></span>ver a period of years.<span class=\"_ _2b5\"> </span>The impact of Covid-19 on the effects of future life expectancy continue<span class=\"_ _1\"></span>s to be uncertain. The pandemic is likely to have an impact on the setting of appropriate life expectancy assu<span class=\"_ _1\"></span>mptions and models for future improvements will need to consider whether the experiences since 202<span class=\"_ _1\"></span>0 are a short-term phenomenon, and if the pandemic will influence future mortality in other ways. For example, the pre<span class=\"_ _1\"></span>ssure on health services may mean that progress against other causes of death such as cancer is slo<span class=\"_ _1\"></span>wer than previously expected, meaning an assumption of a lower rate of mortality improvements might be a<span class=\"_ _1\"></span>ppropriate. Alternatively, the surviving population may be in better health than those dying from Co<span class=\"_ _1\"></span>vid-19, meaning that it might be expected that the remaining members live slightly longer. In June 2023<span class=\"_ _1\"></span>, the Continuous Mortality Investigation (CMI) published a new model (CMI<span class=\"_ gs15\"> </span>2022) that includes pop<span class=\"_ _1\"></span>ulation experience up to 2022. This latest version of the model could be heavily impacted by Covid-19 with the<span class=\"_ _1\"></span> core version of the model placing a 25% weighting on 2022 experienced data and a 0% weighting on both 2020 and 2021 experienced data. The core version of the model reflects the fact that 2022 excess death<span class=\"_ _1\"></span>s remain higher than pre-Covid levels.<span class=\"_ _2b5\"> </span>The Group is aware of the 2023 high court case that considered<span class=\"_ _1\"></span> the validity of deeds where no Section<span class=\"_ gs15\"> </span>37 certificate (confirming that the minimum level of benefits had not been brea<span class=\"_ _1\"></span>ched) was attached to the deed; and further understands that the case is being appealed with judgement expected in 2024. The HPS<span class=\"_ _2a\"></span> Trustee Board has received legal advice regarding this matter, which is to a<span class=\"_ _1\"></span>wait the outcome of the appeal and any Government intervention prior to assessing what, if any, impact there<span class=\"_ _1\"></span> might be on the scheme. The Group considers this approach reasonable and appropriate.<span class=\"_ _2b5\"> </span>Pension expense included in the consolidated income statement<span class=\"_ _2b5\"> </span><table class=\"s w23b hb2\" id=\"_eecec2de-6e67-4613-97d3-458d08472cb9\"><tr><td></td><td class=\"t m0 x344 h3b y2ff8 ffc0 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xdfd h3a y2ff8 ffc1 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x347 h3b y2ff9 ffc0 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y2ff9 ffc1 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2ffa w23c h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc0 fs5 fc7 sc0 ls57 ws46\">Defined contribution scheme<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe38 y2ffa w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc0 fs5 fc7 sc0 ls57 ws46\">51.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x41c y2ffa w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc1 fs5 fc7 sc0 ls57 ws46\">55.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h39 y2ffb ffc0 fs5 fc7 sc0 ls57 ws46\">Defined benefit schemes<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td class=\"c n x531 y2ce3 w23d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc1 fs5 fc7 sc0 ls9 ws1\">Current service cost<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe39 y2ce3 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc0 fs5 fc7 sc0 ls57 ws46\">2.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe3a y2ce3 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc1 fs5 fc7 sc0 ls57 ws46\">4.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x531 y2ce4 w23e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc1 fs5 fc7 sc0 ls9 ws1\">Administration costs<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe3b y2ce4 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc0 fs5 fc7 sc0 ls57 ws46\">4.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe3c y2ce4 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc1 fs5 fc7 sc0 ls57 ws46\">3.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x531 y2d35 w23f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc1 fs5 fc7 sc0 ls9 ws1\">Past service cost<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe3d y2d35 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc0 fs5 fc7 sc0 ls57 ws46\">0.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe3e y2d35 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc1 fs5 fc7 sc0 ls57 ws46\">0.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x531 y2ffc w240 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc1 fs5 fc7 sc0 ls57 ws46\">Termination benefits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe3f y2ffc w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc0 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe40 y2ffc w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x531 y2e02 w241 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc1 fs5 fc7 sc0 ls9 ws1\">Effect of settlements<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe41 y2e02 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc0 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe42 y2e02 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc1 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x531 y2e03 w22a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc1 fs5 fc7 sc0 ls9 ws1\">Interest cost<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe43 y2e03 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc0 fs5 fc7 sc0 ls9 ws1\">(2.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe44 y2e03 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc1 fs5 fc7 sc0 ls9 ws1\">(3.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d8b w242 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc0 fs5 fc7 sc0 ls57 ws46\">Total defined benefit schemes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x417 y2d8b w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc0 fs5 fc7 sc0 ls57 ws46\">5.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x418 y2d8b w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc1 fs5 fc7 sc0 ls57 ws46\">5.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h39 y2ffd ffc0 fs5 fc7 sc0 ls57 ws46\">Total charged to profit before tax in the consolidated income </td><td></td><td></td></tr><tr><td class=\"c n x2be y2be6 w11b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc0 fs5 fc7 sc0 ls57 ws46\">statement<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x44e y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc0 fs5 fc7 sc0 ls57 ws46\">56.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe45 y2be6 w1c3 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc1 fs5 fc7 sc0 ls57 ws46\">60.6 </div></td></tr></table>At <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span>, retirement obligations were disclosed in relation to eight (<span class=\"_ _1\"></span><span class=\"ls57 ws46\">2022: nine) defined benefit </span>pension schemes.<span class=\"_ _2b5\"> </span>The Group\u2019s main defined benefit scheme (HPS)<span class=\"_ _2b5\"> </span>The Group\u2019s main defined benefit scheme closed to future accrual fo<span class=\"_ _1\"></span>r most members in 2017 (with around 175 members continuing to accrue benefits \u2013 out of a total membersh<span class=\"_ _1\"></span>ip of around 16,500 members). Details of the HPS and other schemes net surplus/(deficit) position are given at the b<span class=\"_ _1\"></span>ottom of the table below which shows the movements from the opening to the closing balance of the n<span class=\"_ _1\"></span>et defined benefit asset/(liability). Events occurred in the HPS that have led to its income statement being remeasu<span class=\"_ _1\"></span>red during the year.<span class=\"_ _2b5\"> </span>Responsibility for the operation and governance of the HPS lies with a corp<span class=\"_ _1\"></span>orate Trustee which is independent of the Group. The Trustee Board is required b<span class=\"_ _1\"></span>y law to act in the interest of the HPS\u2019s beneficiaries in accordance with the rules of the HPS and relevant legislatio<span class=\"_ _1\"></span>n (which includes the Pension Schemes Act 1993, the Pensions Act 1995 and the Pensions Act 2004). T<span class=\"_ _1\"></span>he nature of the relationship between the Group and the Trustee Board is also governed by th<span class=\"_ _1\"></span>e rules of the HPS and relevant legislation. The Trustee Board is chaired by an independent Trustee.<span class=\"_ _2b5\"> </span>The assets of the HPS are held in a separate fund (administered by the<span class=\"_ _1\"></span> Trustee Board) to meet long-term pension liabilities to beneficiaries. The Trustee Board invest the assets in<span class=\"_ _1\"></span> accordance with its Statement of Investment Principles, which is regularly reviewed. The Trustee Board has de<span class=\"_ _1\"></span>legated its investment strategy decisions to a fiduciary manager, however, the Trustee Board maintain<span class=\"_ _1\"></span>s overall oversight of the investment strategy.<span class=\"_ _2b5\"> </span>A full actuarial valuation of the scheme is carried out every three years by an<span class=\"_ _1\"></span> independent actuary for the Trustee Board, with the last full actuarial valuation carried out at 31<span class=\"_ gs15\"> </span>March<span class=\"_ _1\"></span> 2023. The purpose of that valuation is to design a funding plan to ensure that the HPS has sufficie<span class=\"_ _1\"></span>nt assets available to meet future benefit payments, based on assumptions agreed between the Trustee Board and the Group. The 31<span class=\"_ gs15\"> </span>Marc<span class=\"_ _2a\"></span>h 2023 actuarial valuation showed a funding surplus of \u00a351.4m (3<span class=\"_ _1\"></span>1<span class=\"_ gs15\"> </span>March 2020: \u00a3182.2m deficit). This equates to a funding level of 105% (31<span class=\"_ gs15\"> </span>March 2020: 89%).<span class=\"_ _2b5\"> </span>Given the funding position of the HPS, the Group and the Trustee Bo<span class=\"_ _1\"></span>ard agreed that no further deficit recovery contributions from the Group are required other than those a<span class=\"_ _1\"></span>lready committed<span class=\"_ _2b5\"> </span>1 as part of the 31<span class=\"_ gs15\"> </span>March 2020 actuarial valuation. In accordance with the schedu<span class=\"_ _1\"></span>le of contributions put in place following the 31<span class=\"_ gs15\"> </span>March 2020 actuarial valuation, the Group has paid \u00a33<span class=\"_ _1\"></span>0m of regular deficit contributions during 2023 and \u00a316.3m<span class=\"ls9 ws1\"> of accelerated deficit funding contributions and other contributio<span class=\"_ _1\"></span>ns triggered by the disposal of </span>certain businesses in the second half of 2022 and 2023. The<span class=\"_ _1\"></span> Group will pay a further \u00a321m of contributions in 2024, with no further deficit contributions in 2025 and beyond<span class=\"_ _1\"></span>.<span class=\"_ _2b5\"> </span>The next full actuarial valuation is due to be carried out with an effe<span class=\"_ _1\"></span>ctive date of 31<span class=\"_ gs15\"> </span>March 2026 and as part of that valuation the contribution requirements will be reviewed, and if n<span class=\"_ _1\"></span>ecessary, amended. For the purpose of these accounts, an independent qualified actuary projected the results of t<span class=\"_ _2a\"></span>he 31<span class=\"_ gs15\"> </span>March 2023 actuarial valuation to 31<span class=\"_ gs15\"> </span>December 2023 taking account of the re<span class=\"_ _1\"></span>levant accounting requirements.<span class=\"_ _2b5\"> </span>Approximate funding updates are produced at each scheme a<span class=\"_ _1\"></span>nniversary when a full actuarial valuation is not being undertaken. The next funding update is scheduled to be as at 31 March 2024.<span class=\"_ _2b5\"> </span>The valuation of liabilities for funding purposes (the actuarial valu<span class=\"_ _1\"></span>ation) differs from the valuation for accounting purposes (which is shown in these financial statements) due<span class=\"_ _1\"></span> to different assumptions used and different market conditions at the different valuation dates (the effective<span class=\"_ _1\"></span> date for the actuarial valuation of the HPS is 31<span class=\"_ gs15\"> </span>March). The assumptions used for funding purposes are sch<span class=\"_ _1\"></span>eme specific and allow for an appropriate amount of prudence, with the discount rate being based on the actual assets of<span class=\"_ _2a\"></span> the pension scheme. While for accounting purposes the assumptions are determined<span class=\"_ _1\"></span> on a best estimate basis in accordance with IAS<span class=\"_ gs15\"> </span>19<span class=\"ffc4\"> Employee Benefits</span>, with the d<span class=\"_ _1\"></span>iscount rate being based on the yields available on high quality corporate bonds of appropriate currencies and te<span class=\"_ _1\"></span>rms. Management estimate that at 31<span class=\"_ gs15\"> </span>December 2023 the net assets of the HPS scheme were around \u00a35<span class=\"_ _1\"></span>0m higher on a funding basis (ie the funding assumption principles adopted for the full actuarial valua<span class=\"_ _1\"></span>tion at 31<span class=\"_ gs15\"> </span>March 2023) than on an accounting basis.<span class=\"_ _2b5\"> </span>The Group contributed \u00a352.5m to the HPS during 2023. This inclu<span class=\"_ _1\"></span>des the ongoing cost of benefit accrual, contributions towards running the pension scheme, deficit contributio<span class=\"_ _1\"></span>n (including those accelerated on a pound for pound basis due to disposal proceeds being used to fund mandatory prepayments of debt) and other contributions as a result of disposal activities.<span class=\"_ _2b5\"> </span>In addition, during 2023, the \u00a35.0m held in escrow was released<span class=\"_ _1\"></span> to HPS.<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span>These include additional, non-statutory, contributions to meet a secondary funding target with the objective of having suffici<span class=\"_ _2a\"></span>ent assets to invest in a portfolio of low-risk assets with a low dependency covenant that will generate income to pay members\u2019 benefits as they fall due.<span class=\"_ _2b5\"> </span>Other defined benefit schemes<span class=\"_ _2b5\"> </span>The total employer contributions to the \u2018Other\u2019 schemes during 2023<span class=\"_ _1\"></span> were \u00a33m.<span class=\"_ _2b5\"> </span>Other UK schemes<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Three segregated sections in an industry-wid<span class=\"_ _1\"></span>e scheme under which defined benefits are not continuing to accrue. The latest full actuarial valuations (at 31<span class=\"_ gs15\"> </span>December 2021) sho<span class=\"_ _1\"></span>wed that one of these sections was in surplus and therefore no deficit contributions were required. One<span class=\"_ _1\"></span> section showed a small deficit resulting in the Group being required to pay \u00a328,000 during 2025. The third section showed a defici<span class=\"_ _2a\"></span>t of \u00a33.45m resulting in the Group being required to pay \u00a30.8m<span class=\"_ gs15\"> </span>pa until 2026. The next actuarial<span class=\"_ _2a\"></span> valuations are due as at 31<span class=\"_ gs15\"> </span>December 2024 and as part of those valuation<span class=\"_ _1\"></span>s the contribution requirements will be reviewed, and if necessary, amended. There is no cross subsidy with othe<span class=\"_ _1\"></span>r employer sections.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Participation in a non-associated multi-employer sch<span class=\"_ _1\"></span>eme under which defined benefits are not continuing to accrue. The latest full actuarial valuation (at 30<span class=\"_ gs15\"> </span>September 2020<span class=\"_ _1\"></span>) resulted in the Group being required to pay deficit contributions of initially \u00a30.4m<span class=\"_ gs15\"> </span>pa (which increase by 5.5%<span class=\"_ gs15\"> </span>pa) un<span class=\"_ _1\"></span>til 2028. The next full actuarial valuation is being carried out with an effective date of 30<span class=\"_ gs15\"> </span>Sep<span class=\"_ _1\"></span>tember 2023 and as part of that valuation the contribution requirements will be reviewed, and if nece<span class=\"_ _1\"></span>ssary, amended. If the Group were to cease to be a participating employer in this scheme there would be a<span class=\"_ _1\"></span>n exit debt payable. At 30<span class=\"_ gs15\"> </span>September 2022, this was estimated at \u00a36.0m.<span class=\"_ _2b5\"> </span>Overseas defined benefit schemes<span class=\"_ _2b5\"> </span>The Group is responsible for an Irish defined benefit scheme which is classe<span class=\"_ _1\"></span>d as a cross-border scheme where the beneficiaries of the scheme have their liabilities, and the tru<span class=\"_ _1\"></span>stees hold assets, denominated in euro. The scheme is governed under U<span class=\"ls9 ws1\">K regulations and subject to further requirements applying to cross-<span class=\"_ _2b5\"> </span></span>border schemes. There are two segregated sections in the scheme. T<span class=\"_ _1\"></span>he latest full actuarial valuation (at 31<span class=\"_ gs15\"> </span>March 2023) showed a funding surplus for both the main section and the other section, and consequently, no deficit contributions are required for either section<span class=\"_ _1\"></span>. There are no members left accruing benefits.<span class=\"_ _2b5\"> </span>The Group is also responsible for two Swiss schemes that provide defined co<span class=\"_ _1\"></span>ntribution benefits but with certain guarantees (and are therefore reported as defined benefit schemes under IAS<span class=\"_ gs15\"> </span>19)<span class=\"_ _2a\"></span>. They are administered and governed through collective foundations which<span class=\"_ _1\"></span> are separate legal entities. Benefits are continuing to accrue in these schemes.<span class=\"_ _2b5\"> </span>Additional defined benefit schemes<span class=\"_ _2b5\"> </span>There are a further 36 (2022<span class=\"ls9 ws1\">: 46) defined benefit pension arrangements in which various Capita<span class=\"_ _1\"></span> businesses </span>participated during 2023<span class=\"ls9 ws1\">. Of these arrangements 32 (</span>2022<span class=\"ls9 ws1\">: 41) relate to participation in fund<span class=\"_ _1\"></span>ed and </span>unfunded public sector schemes (referred to as Admitted Body Arrangeme<span class=\"_ _1\"></span>nts), however, contractual protections are in place allowing actuarial and investment risk to be passe<span class=\"_ _1\"></span>d to the end customer via recoveries for contributions paid. The nature of these arrangeme<span class=\"_ _1\"></span>nts vary from contract to contract but typically allow for the majority of contributions payable to the schemes in excess o<span class=\"_ _1\"></span>f an initial rate agreed at the inception to be recovered from the end customer, as well as exit payme<span class=\"_ _1\"></span>nts (for funded schemes) payable to the schemes at the cessation of the contract, such that the Grou<span class=\"_ _1\"></span>p\u2019s net exposure to actuarial and investment risk is immaterial.<span class=\"_ _2b5\"> </span>Approximately \u00a310m of employer contributions were paid into these 36<span class=\"_ _1\"></span> schemes during <span class=\"ls57 ws46\">2023</span>.<span class=\"_ _2b5\"> </span><div class=\"t m0 h39 ffc5 fs5 fc6 sc0 ls57 ws46 gs7ef\">Risks associated with the Group\u2019s pension schemes<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls9 ws1 gs7f0\">The defined benefit pension schemes expose the Group to vario<span class=\"_ _1\"></span>us risks, with the key risks set out below:<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc5 fs5 fc7 sc0 ls57 ws46 gs7f1\">Investment risk:<span class=\"ffc6 ls9 ws1\"> the schemes invest in a wide range of assets with a view to provide long-term investmen<span class=\"_ _1\"></span>t </span></div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls9 ws1 gs7f2\">returns at particular levels. There is a risk that investment returns are lower than e<span class=\"_ _1\"></span>xpected which, in </div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls9 ws1 gs7f3\">isolation, could result in a worsening of the funding position of the sch<span class=\"_ _1\"></span>emes.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc5 fs5 fc7 sc0 ls9 ws1 gs7f4\">Interest rate risk:<span class=\"ffc6\"> the IAS<span class=\"_ gs15\"> </span>19 discount rate is derived based o<span class=\"_ _1\"></span>n the yields available on good quality </span></div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls9 ws1 gs7f5\">corporate bonds of suitable duration. If these yields decrease the<span class=\"_ _1\"></span>n, in isolation, this would increase the </div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls9 ws1 gs7f6\">value placed on the IAS<span class=\"_ gs15\"> </span>19 obligation and result in a worsening o<span class=\"_ _1\"></span>f the funding position of the schemes.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc5 fs5 fc7 sc0 ls9 ws1 gs7f7\">Inflation risk:<span class=\"ffc6\"> the liabilities of the schemes are linked to future leve<span class=\"_ _1\"></span>ls of inflation. If future inflation is higher </span></div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls9 ws1 gs7f8\">than expected then this would result in the cost of providing the ben<span class=\"_ _1\"></span>efits increasing and thereby worsening </div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls9 ws1 gs7f9\">the funding position of the schemes.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc5 fs5 fc7 sc0 ls57 ws46 gs7fa\">Longevity risk:<span class=\"ffc6 ls9 ws1\"> if members live longer than expected, then pensions will be paid for a lon<span class=\"_ _1\"></span>ger time which will </span></div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls9 ws1 gs7fb\">increase the value placed on the liabilities and therefore worsen<span class=\"_ _1\"></span> the funding position of the schemes.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc5 fs5 fc7 sc0 ls57 ws46 gs7fc\">Environmental Social and Governance (ESG) risk:<span class=\"ffc6 ls9 ws1\"> ESG risk relates to these issues having a detrimental </span></div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls9 ws1 gs7fd\">impact on financial returns. The fiduciary manager has policies in place<span class=\"_ _1\"></span> to reduce this risk, although there is </div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls9 ws1 gs7fe\">a higher risk in older externally held assets.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls9 ws1 gs7ff\">To manage these risks, the Group and the trustees carry out regular a<span class=\"_ _1\"></span>ssessments of them. For HPS, the </div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls57 ws46 gs800\">main defined benefit scheme, the following actions have been taken:<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls9 ws1 gs801\">\u2022<span class=\"_ _ae\"> </span>The HPS Trustee Board has entered into two bu<span class=\"_ _1\"></span>lk annuity contracts with an insurer in respect of a small </div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls9 ws1 gs802\">number of high individual liability pensioner members with total value inclu<span class=\"_ _1\"></span>ded in the assets at </div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls57 ws46 gs803\">31<span class=\"_ gs15\"> </span>December 2023<span class=\"ls9 ws1\"> of \u00a347.0m (</span>2022<span class=\"ls9 ws1\">:<span class=\"_ gs15\"> </span>\u00a350.1m).<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls9 ws1 gs1f0\">\u2022<span class=\"_ _ae\"> </span>The HPS Trustee Board has entered into a L<span class=\"_ _1\"></span>iability Driven Investment programme. The level of risk that </div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls9 ws1 gs804\">is managed by this programme is set by various market-related and fundin<span class=\"_ _1\"></span>g trigger points.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls57 ws46 gs806\">Together, these actions have led to the Trustee Board hedging (interest rate and inflati<span class=\"_ _2a\"></span>on) a high proportion </div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls9 ws1 gs807\">of the HPS\u2019s liabilities. At <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023</span> HPS\u2019s liabilities measured on the Truste<span class=\"_ _1\"></span>e Board\u2019s long-term </div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls57 ws46 gs808\">funding basis were broadly fully hedged.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls9 ws1 gs809\">The hedging aims to match the value of the assets to the movement in<span class=\"_ _1\"></span> liabilities (on a funding basis) arising </div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls9 ws1 gs80a\">from changes in market expectations of future inflation rates and future<span class=\"_ _1\"></span> gilt yields. This is to help protect and </div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls9 ws1 gs80b\">reduce volatility in funding valuations which are used to determine the<span class=\"_ _1\"></span> cash contribution requirements to the </div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls9 ws1 gs80c\">scheme. Since these accounting disclosures use the yields available on co<span class=\"_ _1\"></span>rporate bonds to determine the </div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls9 ws1 gs80d\">accounting liabilities, the hedging may not have the same impact for a<span class=\"_ _1\"></span>ccounting purposes as they do for a </div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls57 ws46 gs80e\">funding valuation. Credit spreads (the difference between the yields availabl<span class=\"_ _2a\"></span>e on long-dated corporate </div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls57 ws46 gs80f\">bonds and long-dated government bonds) narrowed during the year meaning that the hedge had a different </div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls9 ws1 gs810\">impact on the funding position of the scheme and the accounting<span class=\"_ _1\"></span> disclosures at the year-ends (the funding </div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls9 ws1 gs811\">position on the accounting basis worsened slightly while the funding<span class=\"_ _1\"></span> position on the funding basis improved </div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls9 ws1 gs812\">slightly).<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls9 ws1 gs813\">To illustrate how sensitive the value of the defined benefit obligatio<span class=\"_ _1\"></span>ns is to different market conditions, the </div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls9 ws1 gs814\">table below shows what the resulting defined benefit obligation wo<span class=\"_ _1\"></span>uld be if the assumptions were changed </div><div class=\"t m0 h38 ffc6 fs5 fc7 sc0 ls9 ws1 gs815\">as shown (assuming all other assumptions remain constant):<span class=\"_ _2b5\"> </span></div><div class=\"gs816\"><table class=\"s w1de hb3\" id=\"_0632da9e-b250-4675-b31e-27eacc548150\"><tr><td></td><td class=\"t m0 xb41 h3b y2ffe ffc5 fs8 fc7 sc0 ls58 ws47\">Group total<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h3b y2fff ffc5 fs8 fc7 sc0 ls58 ws47\">Change in assumptions compared with 31<span class=\"_ gs234\"> </span>December 2023 actuarial assumptions<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3b y2fff ffc5 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2d82 w243 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc6 fs5 fc7 sc0 ls57 ws46\">Base defined benefit obligation<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe46 y2d82 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc5 fs5 fc7 sc0 ls57 ws46\">1,178.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d71 w244 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc6 fs5 fc7 sc0 ls9 ws1\">0.5% pa decrease in discount rate<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c4 y2d71 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc5 fs5 fc7 sc0 ls57 ws46\">1,268.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c4f w1b1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc6 fs5 fc7 sc0 ls9 ws1\">0.5% pa increase in salary increases<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe47 y2c4f w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc5 fs5 fc7 sc0 ls57 ws46\">1,179.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be5 w245 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc6 fs5 fc7 sc0 ls9 ws1\">0.5% pa increase in inflation (and related assumption, eg salary and<span class=\"_ _1\"></span> pension increases)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe48 y2be5 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc5 fs5 fc7 sc0 ls57 ws46\">1,226.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w246 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc6 fs5 fc7 sc0 ls9 ws1\">1 year increase in life expectancy<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe49 y2be6 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc5 fs5 fc7 sc0 ls57 ws46\">1,213.0<span class=\"_ _2b5\"> </span></div></td></tr></table></div>Assets and liabilities<span class=\"_ _2b5\"> </span>Under IAS<span class=\"_ gs15\"> </span>19, pension scheme assets must be valued at their fair value at th<span class=\"_ _1\"></span>e balance sheet date. The<span class=\"_ _2b5\"> </span>scheme assets are made up of quoted and unquoted investments, and asset valuations have been sourc<span class=\"_ _2a\"></span>ed<span class=\"_ _2b5\"> </span>from the respective scheme\u2019s investment managers and custodians, based<span class=\"_ _1\"></span> on their pricing sources and<span class=\"_ _2b5\"> </span>methodologies. Unquoted investments require more judgement b<span class=\"_ _1\"></span>ecause their values are not directly<span class=\"_ _2b5\"> </span>observable. The assumptions used in valuing unquoted investme<span class=\"_ _1\"></span>nts are affected by current market<span class=\"_ _2b5\"> </span>conditions which could result in changes in fair value after the measure<span class=\"_ _1\"></span>ment date.<span class=\"_ _2b5\"> </span>For the main asset categories:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Equities listed on recognised stock exchanges are<span class=\"_ _1\"></span> valued at closing bid prices.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Bonds are measured using a combination of b<span class=\"_ _1\"></span>roker quotes and pricing models making assumptions for<span class=\"_ _2b5\"> </span>credit and market risks and market yield curves.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">Properties are valued on the basis of an open market value or are valued using models based on<span class=\"_ _2b5\"> </span></span>discounted cash flow techniques.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Assets in investment funds are valued at fair value wh<span class=\"_ _1\"></span>ich is typically the net asset value provided by the<span class=\"_ _2b5\"> </span>investment manager.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Certain unlisted investments are valued using a<span class=\"_ _1\"></span> model based valuation such as discounted cash flow.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>The value of bulk annuity contracts has bee<span class=\"_ _1\"></span>n assessed by discounting the projected cash flows payable<span class=\"_ _2b5\"> </span>under the contracts (projected by an actuary, consistent with the terms of the<span class=\"_ _1\"></span> contract) and is equal to the<span class=\"_ _2b5\"> </span>corresponding liability calculated by reference to the IAS<span class=\"_ gs15\"> </span>19 assumptions.<span class=\"_ _2b5\"> </span>The assets and liabilities of all of the defined benefit pension sche<span class=\"_ _1\"></span>mes (excluding additional voluntary<span class=\"_ _2b5\"> </span>contributions) at 31<span class=\"_ gs15\"> </span>December are:<span class=\"_ _2b5\"> </span><table class=\"s w247 hb4\" id=\"_765d20da-af3f-43e6-90b1-749fb1bad068\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xc94 h3b y3000 ffc7 fs8 fc7 sc0 ls58 ws47\">Group total<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"c n x42d y3001 wc7 h69\"><div class=\"t m0 x2bd h3b y2d37 ffc7 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xe4a y3001 wc7 h69\"><div class=\"t m0 x2bd h3b y2d37 ffc7 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x69c h3b y3002 ffc7 fs8 fc7 sc0 ls58 ws47\">Quoted<span class=\"_ _2b5\"> </span></td><td class=\"c xe4c y3003 w248 h81\"><div class=\"t m0 x2bd h3b y2d37 ffc7 fs8 fc7 sc0 ls58 ws47\">Unquoted</div><div class=\"t m0 xe4b h4a y2dcb ffc7 fs1e fc7 sc0 ls9 ws1\">*</div></td><td class=\"t m0 xe4d h3b y3002 ffc7 fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x543 h3a y3002 ffc8 fs8 fc7 sc0 ls58 ws47\">Quoted<span class=\"_ _2b5\"> </span></td><td class=\"c xe4f y3005 w249 hb5\"><div class=\"t m0 x2bd h3a y2c9f ffc8 fs8 fc7 sc0 ls58 ws47\">Unquoted</div><div class=\"t m0 xe4e h43 y3004 ffc8 fs1e fc7 sc0 ls9 ws1\">*<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 x308 h3a y3002 ffc8 fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 xe50 h3b y3006 ffc7 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc93 h3b y3006 ffc7 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x833 h3b y3006 ffc7 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xe51 h3a y3006 ffc8 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x8d9 h3a y3006 ffc8 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y3006 ffc8 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y3007 ffc7 fs5 fc7 sc0 ls57 ws46\">Scheme assets at fair value:<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x2d8 h38 y3008 ffc8 fs5 fc7 sc0 ls9 ws1\">Equities:<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2e89 w1c1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2013 UK<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe52 y2e89 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe53 y2e89 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">3.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe54 y2e89 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">3.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe55 y2e89 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe56 y2e89 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">2.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x42c y2e89 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">2.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c30 w24a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2013 Overseas<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe57 y2c30 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">1.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe58 y2c30 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">34.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe59 y2c30 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">35.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe5a y2c30 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">2.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe5b y2c30 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">24.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb4f y2c30 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">26.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c1a w143 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2013 Private<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe5c y2c1a w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe5d y2c1a w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe5e y2c1a w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe5f y2c1a w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe60 y2c1a w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe61 y2c1a w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n xe62 y2c1b w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">1.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe63 y2c1b w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">37.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe64 y2c1b w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">39.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe65 y2c1b w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe66 y2c1b w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">27.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe67 y2c1b w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">29.7<span class=\"_ _2b5\"> </span></div></td></tr></table><div class=\"gs233\"><table class=\"s w24b hb6\" id=\"_81874805-ed06-4dda-b58d-f2f146ce2308\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xb41 h3b y3009 ffc7 fs8 fc7 sc0 ls58 ws47\">Group total<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"c n xe68 y300a wc7 h69\"><div class=\"t m0 x2bd h3b y2d37 ffc7 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xe69 y300a wc7 h69\"><div class=\"t m0 x2bd h3b y2d37 ffc7 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"t m0 xcb0 h3b y300b ffc7 fs8 fc7 sc0 ls58 ws47\">Quoted<span class=\"_ _2b5\"> </span></td><td class=\"c xe6b y300c w24c h81\"><div class=\"t m0 x2bd h3b y2d37 ffc7 fs8 fc7 sc0 ls58 ws47\">Unquoted</div><div class=\"t m0 xe6a h4a y2dcb ffc7 fs1e fc7 sc0 ls9 ws1\">*</div></td><td class=\"t m0 xb8f h3b y300b ffc7 fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xe6c h3a y300b ffc8 fs8 fc7 sc0 ls58 ws47\">Quoted<span class=\"_ _2b5\"> </span></td><td class=\"c xe6e y300d w24d hb5\"><div class=\"t m0 x2bd h3a y2c9f ffc8 fs8 fc7 sc0 ls58 ws47\">Unquoted</div><div class=\"t m0 xe6d h43 y3004 ffc8 fs1e fc7 sc0 ls9 ws1\">*<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 xdfd h3a y300b ffc8 fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 xe6f h3b y300e ffc7 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d5 h3b y300e ffc7 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xe70 h3b y300e ffc7 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb90 h3a y300e ffc8 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d1 h3a y300e ffc8 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y300e ffc8 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h39 y300f ffc7 fs5 fc7 sc0 ls57 ws46\">Debt securities:<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y3010 w19e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2013 UK Government<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe71 y3010 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">538.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe72 y3010 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">1.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe73 y3010 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">539.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe74 y3010 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">482.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc0b y3010 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe75 y3010 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">482.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3011 w6e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2013 UK Corporate<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe76 y3011 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe77 y3011 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">45.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe78 y3011 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">45.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe79 y3011 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">0.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe7a y3011 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">11.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x843 y3011 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">12.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3012 w24e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2013 Overseas Government<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe7b y3012 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">9.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe7c y3012 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">11.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe7d y3012 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">21.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe7e y3012 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">10.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe7f y3012 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">11.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e0 y3012 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">21.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3013 w24f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2013 Overseas Corporate<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe80 y3013 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">0.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe81 y3013 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">211.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe82 y3013 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">212.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe83 y3013 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">0.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe84 y3013 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">101.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe85 y3013 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">101.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3014 w23e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2013 Emerging Markets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe86 y3014 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">0.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe87 y3014 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">2.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe88 y3014 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">3.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe89 y3014 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe8a y3014 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">27.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe8b y3014 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">27.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3015 w250 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2013 Private Debt<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe8c y3015 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe8d y3015 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">110.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe8e y3015 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">110.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe8f y3015 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe90 y3015 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">134.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe91 y3015 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">134.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3016 w251 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">\u2013 Secured Loans<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe92 y3016 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe93 y3016 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe94 y3016 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe95 y3016 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe96 y3016 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">39.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe32 y3016 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">39.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n xe97 y3017 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">549.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe98 y3017 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">383.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe99 y3017 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">932.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe9a y3017 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">493.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe9b y3017 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">325.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe9c y3017 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">819.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3018 w252 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">Property<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe80 y3018 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">2.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe9d y3018 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">45.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe9e y3018 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">48.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe9f y3018 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">2.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x757 y3018 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">88.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x758 y3018 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">90.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3019 w253 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">Infrastructure<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe52 y3019 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">1.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xea0 y3019 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xea1 y3019 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">1.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xea2 y3019 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">1.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xea3 y3019 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x53d y3019 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">1.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y301a w254 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">Credit Funds<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xea4 y301a w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">1.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xea5 y301a w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbd9 y301a w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">1.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xea6 y301a w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">2.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xea7 y301a w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbb2 y301a w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">2.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y301b w255 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">Hedge Funds<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xea8 y301b w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xea9 y301b w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">1.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeaa y301b w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">1.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeab y301b w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeac y301b w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">2.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7c6 y301b w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">2.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y301c wc4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">Absolute Return Funds<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xead y301c w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeae y301c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeaf y301c w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeb0 y301c w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeb1 y301c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeb2 y301c w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y301d w156 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">Insurance Contracts<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeb3 y301d w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeb4 y301d w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">69.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b4 y301d w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">69.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeb5 y301d w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeb6 y301d w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">71.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x800 y301d w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">71.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y301e w61 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">Cash<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeb7 y301e w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">81.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe9d y301e w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">20.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeb8 y301e w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">101.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeb9 y301e w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">34.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeba y301e w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">133.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xebb y301e w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">167.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y301f w256 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">Other<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe52 y301f w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">4.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe53 y301f w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">5.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe9 y301f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">10.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xebc y301f w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">(8.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xebd y301f w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">(1.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xebe y301f w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">(9.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n xebf y3020 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">90.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xec0 y3020 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">142.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xec1 y3020 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">233.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xec2 y3020 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">32.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xec3 y3020 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">293.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xec4 y3020 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">326.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3021 wa6 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffc7 fs5 fc7 sc0 ls57 ws46\">Total<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xec5 y3021 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffc7 fs5 fc7 sc0 ls57 ws46\">641.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xec6 y3021 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffc7 fs5 fc7 sc0 ls57 ws46\">563.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xec7 y3021 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffc7 fs5 fc7 sc0 ls57 ws46\">1,205.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xec8 y3022 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">529.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xec9 y3022 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">646.7</div></td><td class=\"t m0 xeca h38 y3023 ffc8 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _42\"> </span>1,175.7 </td></tr><tr><td class=\"t m0 x349 h38 y3024 ffc8 fs5 fc7 sc0 ls9 ws1\">Present value of scheme liabilities<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y3025 w257 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">(before effect of asset ceiling limit)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xecb y3025 w29 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">(1,178.3)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xecc y3025 w258 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">(1,<span class=\"_ _2a\"></span>136.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y3026 ffc8 fs5 fc7 sc0 ls9 ws1\">Net surplus<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y3027 w257 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">(before effect of asset ceiling limit)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xecd y3027 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">26.8<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n x707 y3027 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">39.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3028 w259 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">Effect of asset ceiling limit<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xece y3028 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xecf y3028 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">(0.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y3029 ffc8 fs5 fc7 sc0 ls9 ws1\">Present value of scheme liabilities<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y302a w25a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">(after effect of asset ceiling limit)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xed0 y302a w29 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">(1,178.3)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xed1 y302a w29 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">(1,136.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y302b ffc8 fs5 fc7 sc0 ls9 ws1\">Net surplus<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2c1b w25a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">(after effect of asset ceiling limit)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xe78 y2c1b w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">26.8<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n x9b9 y2c1b w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">39.6<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h3a ffc8 fs8 fc7 sc0 ls9 ws1 gs82f\">*<span class=\"_ _15\"> </span><span class=\"ls58 ws47\">Some inves<span class=\"_ _2a\"></span>tments are in funds which are in themselves not traded in active markets.<span class=\"_ _2b5\"> </span></span></div>The HPS Trustee Board invests in Liability Driven Investments (LDIs) as part of a risk hed<span class=\"_ _1\"></span>ging strategy. The aim of the strategy is to match the value of the assets to the movement in liabilitie<span class=\"_ _1\"></span>s (on a funding basis) arising from changes in market expectations of future inflation rates and<span class=\"_ _1\"></span> future gilt yields. To achieve this, LDIs invest in a variety of instruments including gilts, synthetic gilts (combination of rep<span class=\"_ _1\"></span>urchase agreement, reverse repurchase agreements and total return swaps) and cash. In<span class=\"_ _1\"></span> the table above, the LDI at 31<span class=\"_ gs15\"> </span>December 2023 (approximately \u00a3546.3m) has been mapped as 95.4% Quoted UK Government Bonds, 1.5% Quoted Overseas Government Bonds, 2.3% Quoted Cash and 0.8% Quo<span class=\"_ _1\"></span>ted Other. The assets do not include any directly owned financial instruments issued<span class=\"_ _1\"></span> by the Group.<span class=\"_ _2b5\"> </span>Within the Private Debt allocation above, approximately \u00a379.0m relates to<span class=\"_ _1\"></span> adjusted lagged valuations at 31<span class=\"_ gs15\"> </span>December 2023. In arriving at this figure, allowance has been mad<span class=\"_ _1\"></span>e for broad market movements and distributions between 30<span class=\"_ gs15\"> </span>September 2023 (the most recent valuatio<span class=\"_ _1\"></span>n of these assets) and 31<span class=\"_ gs15\"> </span>December 2023.<span class=\"_ _2b5\"> </span>In accordance with the HPS Trustee Board\u2019s focus on financially material conside<span class=\"_ _1\"></span>rations, it is acknowledged that Environment, Social and Governance (ESG) factors can impact security prices. The<span class=\"_ _1\"></span> HPS Trustee Board has discussed their views on ESG factors, and considered the Group\u2019s pe<span class=\"_ _1\"></span>rspective, and developed responsible investment beliefs. These can be found in the HPS\u2019s Statemen<span class=\"_ _1\"></span>t of Investment Principles (on its website at https://www.horizonpensionscheme.com/library).<span class=\"_ _2b5\"> </span>IFRIC<span class=\"_ gs15\"> </span>14<span class=\"_ _2b5\"> </span>The Group has considered the impact of IFRIC<span class=\"_ gs15\"> </span>14 <span class=\"_ _1\"></span><span class=\"ffcb\">IAS<span class=\"_ gs15\"> </span>19<span class=\"_ gs15\"> </span>-<span class=\"_ gs15\"> </span>The Limit on a Defined Benefit Asset, Minimum </span>Funding Requirements and their Interaction<span class=\"ffca ls9 ws1\"> on the various schemes (in relation to either recognising a </span>surplus or allowing for the impact of any funding commitments made) and h<span class=\"_ _1\"></span>as concluded, based on its interpretation of the rules for each of the schemes, that IFRIC<span class=\"_ gs15\"> </span>14 would n<span class=\"_ _1\"></span>ot affect the balance sheet position at this reporting date for any of the schemes. For clarity the HPS, the Group\u2019s main d<span class=\"_ _1\"></span>efined benefit scheme, IFRIC<span class=\"_ gs15\"> </span>14 would not limit the surplus or increase the deficits shown at the repo<span class=\"_ _1\"></span>rting date because the Group has an unconditional right to a refund assuming the gradual se<span class=\"_ _1\"></span>ttlement of the scheme liabilities over time until all members have left the scheme.<span class=\"_ _2b5\"> </span>Reconciliation of retirement benefits<span class=\"_ _2b5\"> </span>Explanation of constituents of the consolidated income statement.<span class=\"_ _2b5\"> </span>The cost of providing the retirement benefits during the year is broke<span class=\"_ _1\"></span>n down as follows, with due consideration being made for events which require the income state<span class=\"_ _1\"></span>ment to be re-measured over the course of the year:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Service cost is the cost to the Group of future benefits e<span class=\"_ _1\"></span>arned by contributing members over the current financial period.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Past service cost represents the change in the prese<span class=\"_ _1\"></span>nt value of scheme liabilities in the current period in relation to prior years\u2019 service.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Administration costs are those entailed by the pe<span class=\"_ _1\"></span>nsion schemes over the current period.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Interest expense/(income) is made up of the inte<span class=\"_ _1\"></span>rest on pension liabilities and assets over the current period generally based on the discount rate adopted at the<span class=\"_ _1\"></span> start of the period. An allowance for interest on the asset ceiling is recognised where applicable as at <span class=\"_ _1\"></span><span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023 and 31<span class=\"_ gs15\"> </span>December 2022<span class=\"ls9 ws1\">.<span class=\"_ _2b5\"> </span></span></span>\u2022<span class=\"_ _ae\"> </span>Termination benefits are employee bene<span class=\"_ _1\"></span>fits payable as a result of either: (a) the Group\u2019s decision to terminate an employee\u2019s employment before the normal retirement da<span class=\"_ _1\"></span>te; or (b) an employee\u2019s decision to accept an offer of benefits in exchange for the termination of emplo<span class=\"_ _1\"></span>yment.<span class=\"_ _2b5\"> </span>All schemes are partly or wholly funded, and the following table shows the co<span class=\"_ _1\"></span>mponents of the movements<span class=\"_ _2b5\"> </span>from the opening to the closing balances for the net defined b<span class=\"_ _1\"></span>enefit asset:<span class=\"_ _2b5\"> </span><table class=\"s w25b hb7\" id=\"_2b853936-611a-4886-9900-a7de53d256ff\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xc94 h3b y302c ffcc fs8 fc7 sc0 ls58 ws47\">Group total<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td class=\"c n xed2 y302d w25c h69\"><div class=\"t m0 x2bd h3b y2d37 ffcc fs8 fc7 sc0 ls58 ws47\">Defined benefit obligation<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xed3 y302d w25d h69\"><div class=\"t m0 x2bd h3b y2d37 ffcc fs8 fc7 sc0 ls58 ws47\">Fair value of plan assets<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xed4 y302d w25e h69\"><div class=\"t m0 x2bd h3b y2d37 ffcc fs8 fc7 sc0 ls58 ws47\">Net defined benefit asset<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"t m0 xed5 h3b y302e ffcc fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4f7 h3a y302e ffcd fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xed6 h3b y302e ffcc fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x8d8 h3a y302e ffcd fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 x63c h3b y302e ffcc fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y302e ffcd fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 xc95 h3b y302f ffcc fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xed7 h3a y302f ffcd fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xed8 h3b y302f ffcc fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x8d3 h3a y302f ffcd fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x47c h3b y302f ffcc fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y302f ffcd fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y3030 w19a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">At 1 January<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xed9 y3030 w25f h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(1,136.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeda y3030 w25f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(1,791.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xedb y3030 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">1,175.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xedc y3030 w260 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">1,797.<span class=\"_ _2a\"></span>3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xedd y3030 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">39.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x526 y3030 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">5.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y3031 ffcc fs5 fc7 sc0 ls57 ws46\">Included in the consolidated </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x2d8 h39 y3032 ffcc fs5 fc7 sc0 ls57 ws46\">income statement:<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y3033 w23d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">Current service cost<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xede y3033 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(2.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xedf y3033 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">(4.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee0 y3033 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee1 y3033 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee2 y3033 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(2.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee3 y3033 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">(4.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3034 w23e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">Administration costs<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee4 y3034 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(4.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee5 y3034 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">(3.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee6 y3034 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee7 y3034 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee8 y3034 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(4.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee9 y3034 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">(3.9)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3035 w23f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">Past service cost<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee4 y3035 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee5 y3035 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee6 y3035 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee7 y3035 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee8 y3035 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xee9 y3035 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">(0.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3036 w240 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">Termination benefits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeea y3036 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeeb y3036 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeec y3036 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeed y3036 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeee y3036 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x78f y3036 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3037 w241 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">Effect of settlements<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeef y3037 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xef0 y3037 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xef1 y3037 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xef2 y3037 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xef3 y3037 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xef4 y3037 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">(0.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3038 w261 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">Interest income/(expense)*<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xef5 y3038 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(53.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xef6 y3038 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(44.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xef7 y3038 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">56.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xef8 y3038 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">47.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xef9 y3038 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">2.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xefa y3038 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">3.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h39 y3039 ffcc fs5 fc7 sc0 ls57 ws46\">Sub-total in consolidated </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y303a w262 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">income statement<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xefb y303a w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(61.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xefc y303a w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(52.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xefd y303a w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">56.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xefe y303a w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">47.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeff y303a w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(5.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf00 y303a w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">(5.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c x2be y303c w263 hb8\"><div class=\"t m0 x2bd h39 y303b ffcc fs5 fc7 sc0 ls57 ws46\">Included in other comprehensive<span class=\"_ _2b5\"> </span></div><div class=\"t m0 x2bd h39 y2c43 ffcc fs5 fc7 sc0 ls57 ws46\">income:<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x2d8 h38 y303d ffcd fs5 fc7 sc0 ls9 ws1\">Actuarial gain/(loss) arising from:<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y303e w264 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">\u2013 demographic assumptions<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf01 y303e w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">6.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf02 y303e w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">6.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf03 y303e w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf04 y303e w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf05 y303e w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">6.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf06 y303e w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">6.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y303f w265 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">\u2013 financial assumptions<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xefb y303f w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(28.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf07 y303f w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">706.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf08 y303f w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf09 y303f w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7ac y303f w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(28.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbc7 y303f w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">706.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3040 w266 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">\u2013 experience adjustments<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf0a y3040 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(6.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf0b y3040 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(50.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf0c y3040 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf0d y3040 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf0e y3040 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(6.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf0f y3040 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(50.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y3041 ffcd fs5 fc7 sc0 ls9 ws1\">\u2013 changes in asset ceiling/<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y3042 w267 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">minimum liability<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeef y3042 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xef0 y3042 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">2.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xef1 y3042 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf10 y3042 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf11 y3042 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf12 y3042 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">2.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y3043 ffcd fs5 fc7 sc0 ls9 ws1\">Return on plan assets excluding </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y3044 w268 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">interest<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf13 y3044 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf14 y3044 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf15 y3044 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(39.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf16 y3044 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(673.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7b5 y3044 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(39.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf17 y3044 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(673.7)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c x2be y3045 w269 h87\"><div class=\"t m0 x2bd h39 y2c5b ffcc fs5 fc7 sc0 ls9 ws1\">Sub-total in other<span class=\"_ _2b5\"> </span></div><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">comprehensive income<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf18 y3045 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(28.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf19 y3045 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">664.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf1a y3045 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(39.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf1b y3045 w2e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(673.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7ac y3045 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(68.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf1c y3045 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">(8.9)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3046 w26a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">Employer contributions<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf1d y3046 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf1e y3046 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">(0.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf1f y3046 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">60.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf20 y3046 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">48.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf21 y3046 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">60.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x324 y3046 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">48.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3047 w26b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">Contributions by employees<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf22 y3047 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(2.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf23 y3047 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">(1.7)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf24 y3047 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">2.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf25 y3047 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">1.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf26 y3047 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xde6 y3047 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3048 w26c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">Benefits paid<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf27 y3048 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">50.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf28 y3048 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">47.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf29 y3048 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(50.4)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf2a y3048 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(47.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf2b y3048 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x627 y3048 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y3049 ffcd fs5 fc7 sc0 ls57 ws46\">Exchange movement - recognised </td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y304a w26d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">in other comprehensive income<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf2c y304a w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(0.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf2d y304a w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">(2.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf2e y304a w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">0.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf2f y304a w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">2.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf30 y304a w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(0.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x647 y304a w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">(0.4)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c1b w26e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">At 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf31 y2c1b w25f h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(1,178.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf32 y2c1b w25f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(1,136.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf33 y2c1b w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">1,205.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf34 y2c1b wc2 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">1,<span class=\"_ _2a\"></span>175.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf35 y2c1b w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">26.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x741 y2c1b w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">39.6<span class=\"_ _2b5\"> </span></div></td></tr></table><table class=\"s w26f hb9\" id=\"_6a68b459-5b2d-4e75-834e-b1fa9562630a\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xb41 h3b y304b ffcc fs8 fc7 sc0 ls58 ws47\">Group total<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td class=\"c n xf36 y304c w25c h69\"><div class=\"t m0 x2bd h3b y2d37 ffcc fs8 fc7 sc0 ls58 ws47\">Defined benefit obligation<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xf37 y304c w25d h69\"><div class=\"t m0 x2bd h3b y2d37 ffcc fs8 fc7 sc0 ls58 ws47\">Fair value of plan assets<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xf38 y304c w25e h69\"><div class=\"t m0 x2bd h3b y2d37 ffcc fs8 fc7 sc0 ls58 ws47\">Net defined benefit asset<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"t m0 xf39 h3b y304d ffcc fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb85 h3a y304d ffcd fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x721 h3b y304d ffcc fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb45 h3a y304d ffcd fs8 fc7 sc0 ls58 ws47\">2022<span class=\"ls9 ws1\"> </span></td><td class=\"t m0 xf3a h3b y304d ffcc fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xdfd h3a y304d ffcd fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 xcb2 h3b y304e ffcc fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x489 h3a y304e ffcd fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb48 h3b y304e ffcc fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x486 h3a y304e ffcd fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x492 h3b y304e ffcc fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y304e ffcd fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h38 y304f ffcd fs5 fc7 sc0 ls9 ws1\">Schemes in a net surplus<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x531 y3050 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">HPS<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf3b y3050 w25f h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(1,125.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf3c y3050 w25f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(1,087.0)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf3d y3050 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">1,154.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf3e y3050 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">1,126.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf3f y3050 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">29.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf40 y3050 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">39.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n xf41 y2de4 w68 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">Other schemes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf42 y2de4 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(15.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf43 y2de4 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(15.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf44 y2de4 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">19.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf45 y2de4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">18.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc27 y2de4 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">3.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf46 y2de4 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">3.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n xf47 y3051 w25f h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(1,140.8)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf48 y3051 w25f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(1,102.2)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf49 y3051 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">1,173.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf4a y3051 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">1,144.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf4b y3051 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">32.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf4c y3051 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">42.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y3052 ffcd fs5 fc7 sc0 ls9 ws1\">Schemes in a net deficit<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n xf41 y3053 w68 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">Other schemes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf42 y3053 w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(37.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf43 y3053 w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(33.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf44 y3053 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">31.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf45 y3053 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">30.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf4d y3053 w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(5.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf4e y3053 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">(3.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n xf4f y304a w30 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(37.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf50 y304a w30 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(33.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf51 y304a w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">31.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf52 y304a w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">30.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf53 y304a w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(5.9)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf54 y304a w35 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls9 ws1\">(3.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c1b w26e h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">At 31 December<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf31 y2c1b w25f h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">(1,178.3)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf32 y2c1b w25f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">(1,136.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf33 y2c1b w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">1,205.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf34 y2c1b wc2 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">1,<span class=\"_ _2a\"></span>175.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf35 y2c1b w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">26.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x741 y2c1b w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">39.6<span class=\"_ _2b5\"> </span></div></td></tr></table>*<span class=\"_ _15\"> </span><span class=\"ls58 ws47\">Includes<span class=\"_ _2a\"></span> impact of asset ceiling on net interest of \u00a3nil in 2023 (2022: \u00a30.1m).<span class=\"_ _2b5\"> </span></span>Of the total pension cost of <span class=\"ls57 ws46\">\u00a35.0m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a35.4m</span>), <span class=\"ls57 ws46\">\u00a33.3m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a35.1m</span>) was included in cost of sales, <span class=\"_ _1\"></span><span class=\"ls57 ws46\">\u00a34.4m<span class=\"_ _2b5\"> </span></span>(<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a33.9m</span>) was included in administrative expenses, and <span class=\"_ _1\"></span><span class=\"ls57 ws46\">\u00a32.7m<span class=\"ls9 ws1\"> of net interest income (</span>2022<span class=\"ls9 ws1\">: </span>\u00a33.6m<span class=\"ls9 ws1\"> of<span class=\"_ _2b5\"> </span></span></span>net interest income) was included in net finance costs.<span class=\"_ _2b5\"> </span>Breakdown of liabilities for the HPS<span class=\"_ _2b5\"> </span>Information about the defined benefit obligation for the HPS:<span class=\"_ _2b5\"> </span><table class=\"s w270 hba\" id=\"_5619f244-bf1f-469d-9911-245a2aa7e39a\"><tr><td></td><td class=\"t m0 xf55 h3b y3054 ffcc fs8 fc7 sc0 ls58 ws47\">Proportion of </td><td></td><td class=\"t m0 x491 h3a y3054 ffcd fs8 fc7 sc0 ls58 ws47\">Proportion of </td><td></td></tr><tr><td></td><td class=\"t m0 xcb0 h3b y3055 ffcc fs8 fc7 sc0 ls58 ws47\">overall liability<span class=\"_ _2b5\"> </span></td><td></td><td class=\"t m0 xb3f h3a y3055 ffcd fs8 fc7 sc0 ls58 ws47\">overall liability<span class=\"_ _2b5\"> </span></td><td></td></tr><tr><td></td><td class=\"c n xf56 y3056 w271 h69\"><div class=\"t m0 x2bd h3b y2d37 ffcc fs8 fc7 sc0 ls9 ws1\">%<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf57 y3056 w272 h69\"><div class=\"t m0 x2bd h3b y2d37 ffcc fs8 fc7 sc0 ls58 ws47\">Duration (years)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf58 y3057 w271 h67\"><div class=\"t m0 x2bd h3a y2c9f ffcd fs8 fc7 sc0 ls9 ws1\">%<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf59 y3057 w273 h67\"><div class=\"t m0 x2bd h3a y2c9f ffcd fs8 fc7 sc0 ls58 ws47\">Duration (years)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n xf5a y3058 wc7 h69\"><div class=\"t m0 x2bd h3a y2c9f ffcc fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf5b y3058 wc7 h69\"><div class=\"t m0 x2bd h3a y2c9f ffcc fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf5c y3058 wc7 h67\"><div class=\"t m0 x2bd h3a y2c9f ffcd fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf5d y3058 wc7 h67\"><div class=\"t m0 x2bd h3a y2c9f ffcd fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2e12 w274 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">Active members<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf5e y2e12 w275 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf5f y2e12 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">17.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf60 y2e12 w275 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf61 y2e12 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">16.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bf8 w276 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls9 ws1\">Deferred members<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf62 y2bf8 w277 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">54<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf63 y2bf8 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">18.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf64 y2bf8 w277 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">59<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x741 y2bf8 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">18.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bfb w278 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">Pensioners<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf65 y2bfb w277 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">41<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf66 y2bfb w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">10.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf67 y2bfb w277 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">35<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf68 y2bfb we9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">10.<span class=\"_ _2a\"></span>6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w279 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">Total percentage / average duration<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf69 y2be6 wc7 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">100<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf6a y2be6 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffcc fs5 fc7 sc0 ls57 ws46\">15.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf6b y2be6 wc7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">100<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf6c y2be6 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcd fs5 fc7 sc0 ls57 ws46\">15.5<span class=\"_ _2b5\"> </span></div></td></tr></table>Duration is a weighted average of when benefits are expected to b<span class=\"_ _1\"></span>e paid from a pension scheme. It is<span class=\"_ _2b5\"> </span>sensitive to the interest rate used to calculate it. The increase in yields in re<span class=\"_ _1\"></span>cent years has acted to reduce<span class=\"_ _2b5\"> </span>the duration of the HPS (because less weight is placed on the pension<span class=\"_ _1\"></span> cash flows stretching far out into the<span class=\"_ _2b5\"> </span>future).<span class=\"_ _2b5\"> </span>Financial and demographic assumptions<span class=\"_ _2b5\"> </span><table class=\"s w27a hbb\" id=\"_8404b14d-4b99-48a7-b32e-7065d9ee707e\"><tr><td></td><td class=\"t m0 x307 h3b y3059 ffce fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y3059 ffcf fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c x2be y305a w27b h81\"><div class=\"t m0 x2bd h3b y2d37 ffce fs8 fc7 sc0 ls58 ws47\">Main assumptions</div><div class=\"t m0 xf6d h4a y2dcb ffce fs1e fc7 sc0 ls9 ws1\">1<span class=\"_ _2b5\"> </span></div><div class=\"t m0 xf6e h3b y2d37 ffce fs8 fc7 sc0 ls9 ws1\">:<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 x69a h3b y305b ffce fs8 fc7 sc0 ls9 ws1\">%<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xf6f h3a y305b ffcf fs8 fc7 sc0 ls9 ws1\">%<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2f81 w27c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls9 ws1\">Rate of price inflation \u2013 RPI<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcf7 y2f81 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">3.05<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcf8 y2f81 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">3.15<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y305c w27c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls9 ws1\">Rate of price inflation \u2013 CPI<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcf7 y305c w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">2.45<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xcf8 y305c w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">2.50<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bf5 w1a8 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls9 ws1\">Rate of salary increase<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf70 y2bf5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">3.05<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf71 y2bf5 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">3.15<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c x2be y2d6f w27d h79\"><div class=\"t m0 x2bd h38 y2d80 ffcf fs5 fc7 sc0 ls9 ws1\">Rate of increase of pensions in payment<span class=\"_ _2b5\"> </span></div><div class=\"t m0 xf72 h3e y2d81 ffcf fs1c fc7 sc0 ls9 ws1\">2<span class=\"_ _2b5\"> </span></div><div class=\"t m0 xf73 h38 y2bd0 ffcf fs5 fc7 sc0 ls9 ws1\">:<span class=\"_ _2b5\"> </span></div></td><td></td><td></td></tr><tr><td class=\"c n x2be y2d8e w27e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls9 ws1\">\u2013 RPI inflation capped at 5% per annum<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x328 y2d8e w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">3.00<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x33e y2d8e w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">3.05<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be3 w27f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls9 ws1\">\u2013 RPI inflation capped at 2.5% per annum<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf74 y2be3 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">2.15<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb43 y2be3 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">2.15<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be4 w27e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls9 ws1\">\u2013 CPI inflation capped at 5% per annum<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x328 y2be4 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">2.45<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x33e y2be4 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">2.50<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be5 w253 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls9 ws1\">Discount rate<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe31 y2be5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">4.55<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe32 y2be5 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">4.75<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w162 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls9 ws1\">Expected take up maximum available tax free cash<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf75 y2be6 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">85.00<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x435 y2be6 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">85.00<span class=\"_ _2b5\"> </span></div></td></tr></table>1.<span class=\"_ _9\"> </span>Different assumptions apply to non-UK schemes, for example: the discount rate for the Irish Schemes is 3.7%<span class=\"_ gs234\"> </span>pa, and for the Swiss schemes it is 1.5%<span class=\"_ gs234\"> </span>pa in 2023<span class=\"ls9 ws1\">.<span class=\"_ _2b5\"> </span></span>2.<span class=\"_ _9\"> </span>There are other levels of pension increase which apply to particular periods of membership.<span class=\"_ _2b5\"> </span>The average future life expectancy from age 65 (in years) for mortality tab<span class=\"_ _1\"></span>les used to determine scheme liabilities for the various different schemes at <span class=\"_ _1\"></span><span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023 and 31<span class=\"_ gs15\"> </span>December 2022<span class=\"ls9 ws1\"> are as follows:<span class=\"_ _2b5\"> </span></span></span><table class=\"s w280 hbc\" id=\"_3dfca9c5-0eb8-48eb-b39a-5a662e18d662\"><tr><td></td><td></td><td></td><td></td><td class=\"t m0 x4fb h3b y305d ffce fs8 fc7 sc0 ls58 ws47\">Member currently aged 65 (current life expectancy)<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td class=\"c n xf76 y305e w281 h69\"><div class=\"t m0 x2bd h3b y2d37 ffce fs8 fc7 sc0 ls58 ws47\">Male<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xf77 y305e w282 h69\"><div class=\"t m0 x2bd h3b y2d37 ffce fs8 fc7 sc0 ls58 ws47\">Female<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n xf78 y305f wc7 h69\"><div class=\"t m0 x2bd h3a y2c9f ffce fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf79 y305f wc7 h67\"><div class=\"t m0 x2bd h3a y2c9f ffcf fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf7a y305f wc7 h69\"><div class=\"t m0 x2bd h3a y2c9f ffce fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf7b y305f wc7 h67\"><div class=\"t m0 x2bd h3a y2c9f ffcf fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y3060 ffcf fs5 fc7 sc0 ls9 ws1\">HPS<span class=\"_ _2b5\"> </span></td><td class=\"c n xf7c y2be5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">21.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf7d y2be5 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">22.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf7e y2be5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">23.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf7f y2be5 we9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">24.<span class=\"_ _2a\"></span>3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w6e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls9 ws1\">Other Schemes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf80 y2be6 w283 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">21.0 to 22.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf81 y2be6 w284 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">21.1 to 22.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf82 y2be6 w283 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">23.4 to 24.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf83 y2be6 w284 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">23.7 to 24.5<span class=\"_ _2b5\"> </span></div></td></tr></table>1<span class=\"_ _2b5\"> </span><table class=\"s w280 hbc\" id=\"_1751edd1-92d0-4c90-b97d-c145cdbb2b99\"><tr><td></td><td></td><td class=\"t m0 xed6 h3b y305d ffce fs8 fc7 sc0 ls58 ws47\">Member currently aged 45 (life expectancy at 65)<span class=\"_ _2b5\"> </span></td><td></td><td></td></tr><tr><td></td><td></td><td class=\"c n xf76 y305e w281 h69\"><div class=\"t m0 x2bd h3b y2d37 ffce fs8 fc7 sc0 ls58 ws47\">Male<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xf77 y305e w282 h69\"><div class=\"t m0 x2bd h3b y2d37 ffce fs8 fc7 sc0 ls58 ws47\">Female<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n xf78 y305f wc7 h69\"><div class=\"t m0 x2bd h3a y2c9f ffce fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf79 y305f wc7 h67\"><div class=\"t m0 x2bd h3a y2c9f ffcf fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf7a y305f wc7 h69\"><div class=\"t m0 x2bd h3a y2c9f ffce fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf7b y305f wc7 h67\"><div class=\"t m0 x2bd h3a y2c9f ffcf fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x2d8 h38 y3061 ffcf fs5 fc7 sc0 ls9 ws1\">HPS<span class=\"_ _2b5\"> </span></td><td class=\"c n xf7c y2be5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">22.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf7d y2be5 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">22.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf7e y2be5 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">25.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf7f y2be5 we9 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">25.<span class=\"_ _2a\"></span>2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w6e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls9 ws1\">Other Schemes<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf80 y2be6 w283 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">22.2 to 25.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf81 y2be6 w284 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">22.3 to 25.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf82 y2be6 w283 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">24.9 to 26.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf83 y2be6 w284 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">25.2 to 26.5<span class=\"_ _2b5\"> </span></div></td></tr></table>1<span class=\"_ _2b5\"> </span>1.<span class=\"_ _9\"> </span>The assumptions used for the HPS are tailored for each member. The assumptions adopted make allowance for an increase in the longevity in the future (CMI 2022 core model Sk=7.0) with a long-term rate of improvement of 1.25%<span class=\"_ gs234\"> </span>pa, an \u2018A\u2019 parameter of 0.25% for both males and females and no weighting applied to 2020 and 2021 data, 25% weighting on 2022 data). The rate for members currently aged 65 is derived from the pensioner membership and the rate for members reaching age 65 in 20 years' time is derived from non-pensioner membership.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-457": {
   "value": "Accounting policies<span class=\"_ _2b5\"> </span>Defined contribution pension schemes<span class=\"_ _2b5\"> </span>The Group maintains a number of defined contribution pension schemes and for these schemes<span class=\"_ _2a\"></span> the Group has no further payment obligations once the contributions have been paid. The contributions<span class=\"_ _2a\"></span> are recognised as an employee benefit expense in the consolidated income state<span class=\"_ _1\"></span>ment when the related service is provided and as they fall due.<span class=\"_ _2b5\"> </span>Defined benefit pension schemes<span class=\"_ _2b5\"> </span>In addition, the Group operates two defined benefit pension sch<span class=\"_ _1\"></span>emes and participates in a number of other defined benefit pension schemes, all of which require contribution<span class=\"_ _1\"></span>s to be made to separate trustee-<span class=\"_ _2b5\"> </span>administered funds. The costs of providing benefits under these sche<span class=\"_ _1\"></span>mes are determined separately for each scheme using the projected unit credit method, which attributes e<span class=\"_ _1\"></span>ntitlement to benefits to the current period (to determine current service cost) and to the current and prior p<span class=\"_ _1\"></span>eriods (to determine the present value of the defined benefit obligation) and is based on actu<span class=\"_ _1\"></span>arial advice. Past service costs are recognised immediately in the consolidated income statement.<span class=\"_ _2b5\"> </span>When a settlement (eliminating all obligations for benefits already accru<span class=\"_ _1\"></span>ed) or a curtailment (reducing future obligations as a result of a material reduction in the scheme membership<span class=\"_ _1\"></span> or a reduction in future entitlement) occurs, the obligation and related plan assets are reme<span class=\"_ _1\"></span>asured using current actuarial assumptions and the resultant gain/loss recognised in the consolid<span class=\"_ _1\"></span>ated income statement during the period in which the settlement or curtailment occurs.<span class=\"_ _2b5\"> </span>Remeasurements of the net defined benefit asset/liability, which comprise a<span class=\"_ _1\"></span>ctuarial gains and losses, the return on plan assets (excluding interest) and the effect of the asset ce<span class=\"_ _1\"></span>iling (if any, excluding interest), are recognised immediately in other comprehensive income and will not be<span class=\"_ _1\"></span> reclassified to the consolidated income statement. The Group generally determines the net interest exp<span class=\"_ _1\"></span>ense/income on the net defined benefit asset/liability for the year by applying the discount rate used to me<span class=\"_ _1\"></span>asure the defined benefit obligation at the beginning of the year to the then net defin<span class=\"_ _1\"></span>ed benefit asset/liability, taking into account any changes in the net defined benefit asset/liability during the year a<span class=\"_ _1\"></span>s a result of contributions and benefit payments. However, due consideration is given to events which require the<span class=\"_ _1\"></span> net interest expense/income on the net defined benefit asset/liability to be remeasured over the co<span class=\"_ _1\"></span>urse of the year.<span class=\"_ _2b5\"> </span>Current and past service costs are charged to operating profit while the n<span class=\"_ _1\"></span>et interest cost is included within net finance costs.<span class=\"_ _2b5\"> </span>The net asset/(liability) in the consolidated balance sheet with respe<span class=\"_ _1\"></span>ct to the defined benefit pension schemes comprises the total for each scheme, or group of schemes, of the prese<span class=\"_ _1\"></span>nt value of the defined benefit obligation (using a discount rate based on high qua<span class=\"_ _1\"></span>lity corporate bonds), less the fair value of assets out of which the obligations are to be settled directly. The policy to dete<span class=\"_ _1\"></span>rmine fair value of assets is detailed in the note below. Where applicable the value of a net pension<span class=\"_ _1\"></span> benefit asset is restricted to the present value of any amount the Group expects to recover by way of refunds or re<span class=\"_ _1\"></span>ductions in the future contributions.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DescriptionOfAccountingPolicyForEmployeeBenefitsExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-533": {
   "value": "Given the funding position of the HPS, the Group and the Trustee Bo<span class=\"_ _1\"></span>ard agreed that no further deficit recovery contributions from the Group are required other than those a<span class=\"_ _1\"></span>lready committed<span class=\"_ _2b5\"> </span>1 as part of the 31<span class=\"_ gs15\"> </span>March 2020 actuarial valuation. In accordance with the schedu<span class=\"_ _1\"></span>le of contributions put in place following the 31<span class=\"_ gs15\"> </span>March 2020 actuarial valuation, the Group has paid \u00a33<span class=\"_ _1\"></span>0m of regular deficit contributions during 2023 and \u00a316.3m<span class=\"ls9 ws1\"> of accelerated deficit funding contributions and other contributio<span class=\"_ _1\"></span>ns triggered by the disposal of </span>certain businesses in the second half of 2022 and 2023. The<span class=\"_ _1\"></span> Group will pay a further \u00a321m of contributions in 2024, with no further deficit contributions in 2025 and beyond<span class=\"_ _1\"></span>.<span class=\"_ _2b5\"> </span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfDefinedContributionPlansExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-534": {
   "value": "To illustrate how sensitive the value of the defined benefit obligatio<span class=\"_ _1\"></span>ns is to different market conditions, the table below shows what the resulting defined benefit obligation wo<span class=\"_ _1\"></span>uld be if the assumptions were changed as shown (assuming all other assumptions remain constant):<span class=\"_ _2b5\"> </span><table class=\"s w1de hb3\" id=\"_0632da9e-b250-4675-b31e-27eacc548150\"><tr><td></td><td class=\"t m0 xb41 h3b y2ffe ffc5 fs8 fc7 sc0 ls58 ws47\">Group total<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h3b y2fff ffc5 fs8 fc7 sc0 ls58 ws47\">Change in assumptions compared with 31<span class=\"_ gs234\"> </span>December 2023 actuarial assumptions<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3b y2fff ffc5 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2d82 w243 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc6 fs5 fc7 sc0 ls57 ws46\">Base defined benefit obligation<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe46 y2d82 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc5 fs5 fc7 sc0 ls57 ws46\">1,178.3<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2d71 w244 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc6 fs5 fc7 sc0 ls9 ws1\">0.5% pa decrease in discount rate<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x4c4 y2d71 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc5 fs5 fc7 sc0 ls57 ws46\">1,268.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c4f w1b1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc6 fs5 fc7 sc0 ls9 ws1\">0.5% pa increase in salary increases<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe47 y2c4f w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc5 fs5 fc7 sc0 ls57 ws46\">1,179.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be5 w245 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc6 fs5 fc7 sc0 ls9 ws1\">0.5% pa increase in inflation (and related assumption, eg salary and<span class=\"_ _1\"></span> pension increases)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe48 y2be5 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc5 fs5 fc7 sc0 ls57 ws46\">1,226.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2be6 w246 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc6 fs5 fc7 sc0 ls9 ws1\">1 year increase in life expectancy<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe49 y2be6 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc5 fs5 fc7 sc0 ls57 ws46\">1,213.0<span class=\"_ _2b5\"> </span></div></td></tr></table>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfSensitivityAnalysisForActuarialAssumptionsExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-535": {
   "value": "Assets and liabilities<span class=\"_ _2b5\"> </span>Under IAS<span class=\"_ gs15\"> </span>19, pension scheme assets must be valued at their fair value at th<span class=\"_ _1\"></span>e balance sheet date. The<span class=\"_ _2b5\"> </span>scheme assets are made up of quoted and unquoted investments, and asset valuations have been sourc<span class=\"_ _2a\"></span>ed<span class=\"_ _2b5\"> </span>from the respective scheme\u2019s investment managers and custodians, based<span class=\"_ _1\"></span> on their pricing sources and<span class=\"_ _2b5\"> </span>methodologies. Unquoted investments require more judgement b<span class=\"_ _1\"></span>ecause their values are not directly<span class=\"_ _2b5\"> </span>observable. The assumptions used in valuing unquoted investme<span class=\"_ _1\"></span>nts are affected by current market<span class=\"_ _2b5\"> </span>conditions which could result in changes in fair value after the measure<span class=\"_ _1\"></span>ment date.<span class=\"_ _2b5\"> </span>For the main asset categories:<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Equities listed on recognised stock exchanges are<span class=\"_ _1\"></span> valued at closing bid prices.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Bonds are measured using a combination of b<span class=\"_ _1\"></span>roker quotes and pricing models making assumptions for<span class=\"_ _2b5\"> </span>credit and market risks and market yield curves.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span><span class=\"ls57 ws46\">Properties are valued on the basis of an open market value or are valued using models based on<span class=\"_ _2b5\"> </span></span>discounted cash flow techniques.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Assets in investment funds are valued at fair value wh<span class=\"_ _1\"></span>ich is typically the net asset value provided by the<span class=\"_ _2b5\"> </span>investment manager.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>Certain unlisted investments are valued using a<span class=\"_ _1\"></span> model based valuation such as discounted cash flow.<span class=\"_ _2b5\"> </span>\u2022<span class=\"_ _ae\"> </span>The value of bulk annuity contracts has bee<span class=\"_ _1\"></span>n assessed by discounting the projected cash flows payable<span class=\"_ _2b5\"> </span>under the contracts (projected by an actuary, consistent with the terms of the<span class=\"_ _1\"></span> contract) and is equal to the<span class=\"_ _2b5\"> </span>corresponding liability calculated by reference to the IAS<span class=\"_ gs15\"> </span>19 assumptions.<span class=\"_ _2b5\"> </span>The assets and liabilities of all of the defined benefit pension sche<span class=\"_ _1\"></span>mes (excluding additional voluntary<span class=\"_ _2b5\"> </span>contributions) at 31<span class=\"_ gs15\"> </span>December are:<span class=\"_ _2b5\"> </span><table class=\"s w247 hb4\" id=\"_765d20da-af3f-43e6-90b1-749fb1bad068\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xc94 h3b y3000 ffc7 fs8 fc7 sc0 ls58 ws47\">Group total<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"c n x42d y3001 wc7 h69\"><div class=\"t m0 x2bd h3b y2d37 ffc7 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xe4a y3001 wc7 h69\"><div class=\"t m0 x2bd h3b y2d37 ffc7 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"t m0 x69c h3b y3002 ffc7 fs8 fc7 sc0 ls58 ws47\">Quoted<span class=\"_ _2b5\"> </span></td><td class=\"c xe4c y3003 w248 h81\"><div class=\"t m0 x2bd h3b y2d37 ffc7 fs8 fc7 sc0 ls58 ws47\">Unquoted</div><div class=\"t m0 xe4b h4a y2dcb ffc7 fs1e fc7 sc0 ls9 ws1\">*</div></td><td class=\"t m0 xe4d h3b y3002 ffc7 fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x543 h3a y3002 ffc8 fs8 fc7 sc0 ls58 ws47\">Quoted<span class=\"_ _2b5\"> </span></td><td class=\"c xe4f y3005 w249 hb5\"><div class=\"t m0 x2bd h3a y2c9f ffc8 fs8 fc7 sc0 ls58 ws47\">Unquoted</div><div class=\"t m0 xe4e h43 y3004 ffc8 fs1e fc7 sc0 ls9 ws1\">*<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 x308 h3a y3002 ffc8 fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 xe50 h3b y3006 ffc7 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xc93 h3b y3006 ffc7 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x833 h3b y3006 ffc7 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xe51 h3a y3006 ffc8 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x8d9 h3a y3006 ffc8 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y3006 ffc8 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x2d8 h39 y3007 ffc7 fs5 fc7 sc0 ls57 ws46\">Scheme assets at fair value:<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"t m0 x2d8 h38 y3008 ffc8 fs5 fc7 sc0 ls9 ws1\">Equities:<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2e89 w1c1 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2013 UK<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe52 y2e89 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe53 y2e89 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">3.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe54 y2e89 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">3.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe55 y2e89 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe56 y2e89 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">2.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x42c y2e89 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">2.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c30 w24a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2013 Overseas<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe57 y2c30 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">1.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe58 y2c30 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">34.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe59 y2c30 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">35.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe5a y2c30 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">2.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe5b y2c30 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">24.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xb4f y2c30 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">26.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2c1a w143 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2013 Private<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe5c y2c1a w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe5d y2c1a w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe5e y2c1a w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe5f y2c1a w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe60 y2c1a w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe61 y2c1a w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n xe62 y2c1b w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">1.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe63 y2c1b w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">37.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe64 y2c1b w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">39.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe65 y2c1b w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">2.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe66 y2c1b w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">27.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe67 y2c1b w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">29.7<span class=\"_ _2b5\"> </span></div></td></tr></table><table class=\"s w24b hb6\" id=\"_81874805-ed06-4dda-b58d-f2f146ce2308\"><tr><td></td><td></td><td></td><td></td><td></td><td></td><td class=\"t m0 xb41 h3b y3009 ffc7 fs8 fc7 sc0 ls58 ws47\">Group total<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td></td><td></td><td class=\"c n xe68 y300a wc7 h69\"><div class=\"t m0 x2bd h3b y2d37 ffc7 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xe69 y300a wc7 h69\"><div class=\"t m0 x2bd h3b y2d37 ffc7 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"t m0 xcb0 h3b y300b ffc7 fs8 fc7 sc0 ls58 ws47\">Quoted<span class=\"_ _2b5\"> </span></td><td class=\"c xe6b y300c w24c h81\"><div class=\"t m0 x2bd h3b y2d37 ffc7 fs8 fc7 sc0 ls58 ws47\">Unquoted</div><div class=\"t m0 xe6a h4a y2dcb ffc7 fs1e fc7 sc0 ls9 ws1\">*</div></td><td class=\"t m0 xb8f h3b y300b ffc7 fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xe6c h3a y300b ffc8 fs8 fc7 sc0 ls58 ws47\">Quoted<span class=\"_ _2b5\"> </span></td><td class=\"c xe6e y300d w24d hb5\"><div class=\"t m0 x2bd h3a y2c9f ffc8 fs8 fc7 sc0 ls58 ws47\">Unquoted</div><div class=\"t m0 xe6d h43 y3004 ffc8 fs1e fc7 sc0 ls9 ws1\">*<span class=\"_ _2b5\"> </span></div></td><td class=\"t m0 xdfd h3a y300b ffc8 fs8 fc7 sc0 ls58 ws47\">Total<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 xe6f h3b y300e ffc7 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d5 h3b y300e ffc7 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xe70 h3b y300e ffc7 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xb90 h3a y300e ffc8 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x4d1 h3a y300e ffc8 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y300e ffc8 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 x349 h39 y300f ffc7 fs5 fc7 sc0 ls57 ws46\">Debt securities:<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y3010 w19e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2013 UK Government<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe71 y3010 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">538.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe72 y3010 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">1.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe73 y3010 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">539.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe74 y3010 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">482.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xc0b y3010 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe75 y3010 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">482.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3011 w6e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2013 UK Corporate<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe76 y3011 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe77 y3011 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">45.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe78 y3011 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">45.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe79 y3011 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">0.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe7a y3011 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">11.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x843 y3011 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">12.0<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3012 w24e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2013 Overseas Government<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe7b y3012 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">9.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe7c y3012 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">11.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe7d y3012 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">21.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe7e y3012 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">10.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe7f y3012 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">11.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9e0 y3012 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">21.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3013 w24f h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2013 Overseas Corporate<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe80 y3013 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">0.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe81 y3013 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">211.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe82 y3013 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">212.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe83 y3013 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">0.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe84 y3013 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">101.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe85 y3013 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">101.9<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3014 w23e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2013 Emerging Markets<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe86 y3014 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">0.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe87 y3014 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">2.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe88 y3014 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">3.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe89 y3014 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">0.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe8a y3014 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">27.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe8b y3014 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">27.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3015 w250 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2013 Private Debt<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe8c y3015 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe8d y3015 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">110.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe8e y3015 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">110.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe8f y3015 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe90 y3015 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">134.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe91 y3015 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">134.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3016 w251 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">\u2013 Secured Loans<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe92 y3016 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe93 y3016 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe94 y3016 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe95 y3016 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe96 y3016 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">39.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe32 y3016 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">39.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n xe97 y3017 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">549.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe98 y3017 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">383.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe99 y3017 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">932.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe9a y3017 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">493.9<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe9b y3017 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">325.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe9c y3017 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">819.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3018 w252 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">Property<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe80 y3018 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">2.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe9d y3018 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">45.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe9e y3018 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">48.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe9f y3018 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">2.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x757 y3018 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">88.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x758 y3018 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">90.8<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3019 w253 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">Infrastructure<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe52 y3019 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">1.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xea0 y3019 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xea1 y3019 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">1.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xea2 y3019 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">1.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xea3 y3019 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x53d y3019 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">1.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y301a w254 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">Credit Funds<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xea4 y301a w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">1.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xea5 y301a w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbd9 y301a w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">1.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xea6 y301a w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">2.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xea7 y301a w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbb2 y301a w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">2.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y301b w255 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">Hedge Funds<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xea8 y301b w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xea9 y301b w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">1.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeaa y301b w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">1.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeab y301b w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeac y301b w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">2.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x7c6 y301b w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">2.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y301c wc4 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">Absolute Return Funds<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xead y301c w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeae y301c w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeaf y301c w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">0.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeb0 y301c w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeb1 y301c w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeb2 y301c w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y301d w156 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">Insurance Contracts<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeb3 y301d w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeb4 y301d w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">69.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x9b4 y301d w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">69.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeb5 y301d w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeb6 y301d w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">71.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x800 y301d w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">71.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y301e w61 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">Cash<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeb7 y301e w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">81.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe9d y301e w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">20.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeb8 y301e w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">101.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeb9 y301e w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">34.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xeba y301e w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">133.2<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xebb y301e w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">167.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y301f w256 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">Other<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe52 y301f w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">4.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe53 y301f w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">5.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xbe9 y301f w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">10.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xebc y301f w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">(8.5)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xebd y301f w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">(1.1)<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xebe y301f w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">(9.6)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n xebf y3020 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">90.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xec0 y3020 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">142.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xec1 y3020 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">233.3<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xec2 y3020 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">32.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xec3 y3020 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">293.8<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xec4 y3020 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">326.5<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3021 wa6 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffc7 fs5 fc7 sc0 ls57 ws46\">Total<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xec5 y3021 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffc7 fs5 fc7 sc0 ls57 ws46\">641.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xec6 y3021 w2b h5a\"><div class=\"t m0 x2bd h39 y2c43 ffc7 fs5 fc7 sc0 ls57 ws46\">563.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xec7 y3021 w27 h5a\"><div class=\"t m0 x2bd h39 y2c43 ffc7 fs5 fc7 sc0 ls57 ws46\">1,205.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xec8 y3022 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">529.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xec9 y3022 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">646.7</div></td><td class=\"t m0 xeca h38 y3023 ffc8 fs5 fc7 sc0 ls57 ws46\"> <span class=\"_ _42\"> </span>1,175.7 </td></tr><tr><td class=\"t m0 x349 h38 y3024 ffc8 fs5 fc7 sc0 ls9 ws1\">Present value of scheme liabilities<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y3025 w257 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">(before effect of asset ceiling limit)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xecb y3025 w29 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">(1,178.3)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xecc y3025 w258 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">(1,<span class=\"_ _2a\"></span>136.0)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y3026 ffc8 fs5 fc7 sc0 ls9 ws1\">Net surplus<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y3027 w257 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">(before effect of asset ceiling limit)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xecd y3027 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">26.8<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n x707 y3027 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">39.7<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y3028 w259 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">Effect of asset ceiling limit<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xece y3028 w32 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xecf y3028 w35 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">(0.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y3029 ffc8 fs5 fc7 sc0 ls9 ws1\">Present value of scheme liabilities<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y302a w25a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">(after effect of asset ceiling limit)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xed0 y302a w29 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">(1,178.3)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xed1 y302a w29 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">(1,136.1)<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"t m0 x349 h38 y302b ffc8 fs5 fc7 sc0 ls9 ws1\">Net surplus<span class=\"_ _2b5\"> </span></td><td></td><td></td><td></td><td></td><td></td><td></td></tr><tr><td class=\"c n x2be y2c1b w25a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls9 ws1\">(after effect of asset ceiling limit)<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n xe78 y2c1b w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffc7 fs5 fc7 sc0 ls57 ws46\">26.8<span class=\"_ _2b5\"> </span></div></td><td></td><td></td><td class=\"c n x9b9 y2c1b w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffc8 fs5 fc7 sc0 ls57 ws46\">39.6<span class=\"_ _2b5\"> </span></div></td></tr></table>*<span class=\"_ _15\"> </span><span class=\"ls58 ws47\">Some inves<span class=\"_ _2a\"></span>tments are in funds which are in themselves not traded in active markets.<span class=\"_ _2b5\"> </span></span><div class=\"t m0 h38 ffca fs5 fc7 sc0 ls9 ws1 gs831\">The HPS Trustee Board invests in Liability Driven Investments (LDIs) as part of a risk hed<span class=\"_ _1\"></span>ging strategy. The </div><div class=\"t m0 h38 ffca fs5 fc7 sc0 ls9 ws1 gs832\">aim of the strategy is to match the value of the assets to the movement in liabilitie<span class=\"_ _1\"></span>s (on a funding basis) </div><div class=\"t m0 h38 ffca fs5 fc7 sc0 ls9 ws1 gs833\">arising from changes in market expectations of future inflation rates and<span class=\"_ _1\"></span> future gilt yields. To achieve this, </div><div class=\"t m0 h38 ffca fs5 fc7 sc0 ls9 ws1 gs834\">LDIs invest in a variety of instruments including gilts, synthetic gilts (combination of rep<span class=\"_ _1\"></span>urchase agreement, </div><div class=\"t m0 h38 ffca fs5 fc7 sc0 ls9 ws1 gs835\">reverse repurchase agreements and total return swaps) and cash. In<span class=\"_ _1\"></span> the table above, the LDI at </div><div class=\"t m0 h38 ffca fs5 fc7 sc0 ls57 ws46 gs836\">31<span class=\"_ gs15\"> </span>December 2023 (approximately \u00a3546.3m) has been mapped as 95.4% Quoted UK Government Bonds, </div><div class=\"t m0 h38 ffca fs5 fc7 sc0 ls9 ws1 gs837\">1.5% Quoted Overseas Government Bonds, 2.3% Quoted Cash and 0.8% Quo<span class=\"_ _1\"></span>ted Other. </div><div class=\"t m0 h38 ffca fs5 fc7 sc0 ls9 ws1 gs838\">The assets do not include any directly owned financial instruments issued<span class=\"_ _1\"></span> by the Group.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffca fs5 fc7 sc0 ls9 ws1 gs839\">Within the Private Debt allocation above, approximately \u00a379.0m relates to<span class=\"_ _1\"></span> adjusted lagged valuations at </div><div class=\"t m0 h38 ffca fs5 fc7 sc0 ls9 ws1 gs83a\">31<span class=\"_ gs15\"> </span>December 2023. In arriving at this figure, allowance has been mad<span class=\"_ _1\"></span>e for broad market movements and </div><div class=\"t m0 h38 ffca fs5 fc7 sc0 ls9 ws1 gs83b\">distributions between 30<span class=\"_ gs15\"> </span>September 2023 (the most recent valuatio<span class=\"_ _1\"></span>n of these assets) and 31<span class=\"_ gs15\"> </span>December </div><div class=\"t m0 h38 ffca fs5 fc7 sc0 ls57 ws46 gs83c\">2023.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffca fs5 fc7 sc0 ls9 ws1 gs83d\">In accordance with the HPS Trustee Board\u2019s focus on financially material conside<span class=\"_ _1\"></span>rations, it is acknowledged </div><div class=\"t m0 h38 ffca fs5 fc7 sc0 ls9 ws1 gs83e\">that Environment, Social and Governance (ESG) factors can impact security prices. The<span class=\"_ _1\"></span> HPS Trustee </div><div class=\"t m0 h38 ffca fs5 fc7 sc0 ls9 ws1 gs83f\">Board has discussed their views on ESG factors, and considered the Group\u2019s pe<span class=\"_ _1\"></span>rspective, and developed </div><div class=\"t m0 h38 ffca fs5 fc7 sc0 ls9 ws1 gs840\">responsible investment beliefs. These can be found in the HPS\u2019s Statemen<span class=\"_ _1\"></span>t of Investment Principles (on its </div><div class=\"t m0 h38 ffca fs5 fc7 sc0 ls9 ws1 gs841\">website at https://www.horizonpensionscheme.com/library).<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ffc9 fs5 fc6 sc0 ls9 ws1 gs843\">IFRIC<span class=\"_ gs15\"> </span>14<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffca fs5 fc7 sc0 ls9 ws1 gs844\">The Group has considered the impact of IFRIC<span class=\"_ gs15\"> </span>14 <span class=\"_ _1\"></span><span class=\"ffcb\">IAS<span class=\"_ gs15\"> </span>19<span class=\"_ gs15\"> </span>-<span class=\"_ gs15\"> </span>The Limit on a Defined Benefit Asset, Minimum </span></div><div class=\"t m0 h38 ffcb fs5 fc7 sc0 ls57 ws46 gs845\">Funding Requirements and their Interaction<span class=\"ffca ls9 ws1\"> on the various schemes (in relation to either recognising a </span></div><div class=\"t m0 h38 ffca fs5 fc7 sc0 ls9 ws1 gs846\">surplus or allowing for the impact of any funding commitments made) and h<span class=\"_ _1\"></span>as concluded, based on its </div><div class=\"t m0 h38 ffca fs5 fc7 sc0 ls9 ws1 gs847\">interpretation of the rules for each of the schemes, that IFRIC<span class=\"_ gs15\"> </span>14 would n<span class=\"_ _1\"></span>ot affect the balance sheet position </div><div class=\"t m0 h38 ffca fs5 fc7 sc0 ls9 ws1 gs848\">at this reporting date for any of the schemes. For clarity the HPS, the Group\u2019s main d<span class=\"_ _1\"></span>efined benefit scheme, </div><div class=\"t m0 h38 ffca fs5 fc7 sc0 ls9 ws1 gs849\">IFRIC<span class=\"_ gs15\"> </span>14 would not limit the surplus or increase the deficits shown at the repo<span class=\"_ _1\"></span>rting date because the Group </div><div class=\"t m0 h38 ffca fs5 fc7 sc0 ls9 ws1 gs84a\">has an unconditional right to a refund assuming the gradual se<span class=\"_ _1\"></span>ttlement of the scheme liabilities over time </div><div class=\"t m0 h38 ffca fs5 fc7 sc0 ls9 ws1 gs84b\">until all members have left the scheme.<span class=\"_ _2b5\"> </span></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfNetDefinedBenefitLiabilityAssetExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-489": {
   "value": "<div class=\"t m0 h37 ffce fs3 fc6 sc0 ls9 ws1 gs869\">5.3 Employee benefit expense<span class=\"_ _2b5\"> </span></div><div class=\"gs86a\"><table class=\"s w285 hae\" id=\"_545e636f-29cf-4195-9822-1d2481527395\"><tr><td></td><td></td><td class=\"t m0 x344 h3b y3062 ffce fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xdfd h3a y3062 ffcf fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x346 h3a y3063 ffcf fs8 fc7 sc0 ls58 ws47\">Notes<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x347 h3b y3063 ffce fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x348 h3a y3063 ffcf fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2cf1 w286 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">Wages and salaries<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xf84 y2cf1 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">1,431.0<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf85 y2cf1 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">1,536.1<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2cf2 w287 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls9 ws1\">Social security costs<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n xf86 y2cf2 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">140.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x457 y2cf2 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">152.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bf8 w288 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls9 ws1\">Pension costs<span class=\"_ _2b5\"> </span></div></td><td></td><td class=\"c n x44e y2bf8 w37 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">59.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xe45 y2bf8 w37 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">64.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bfb w120 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">Share-based payments<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf87 y2bfb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">5.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x417 y2bfb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">5.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x418 y2bfb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">5.4<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td></td><td class=\"c n xf88 y2be6 w27 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">1,636.5<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf89 y2be6 w27 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">1,758.1<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ffcf fs5 fc7 sc0 ls57 ws46 gs86b\">During 2021, the Group furloughed employees unable to work as a result of the Covid-19 pandemi<span class=\"_ _2a\"></span>c, and </div><div class=\"t m0 h38 ffcf fs5 fc7 sc0 ls9 ws1 gs86c\">applied to the Coronavirus Job Retention Scheme (CJRS) operated by th<span class=\"_ _1\"></span>e UK Government. Amounts </div><div class=\"t m0 h38 ffcf fs5 fc7 sc0 ls9 ws1 gs86d\">received under CJRS were treated as a government grant. In May 2022<span class=\"_ _1\"></span>, the Group announced its intention </div><div class=\"t m0 h38 ffcf fs5 fc7 sc0 ls9 ws1 gs86e\">to repay the amounts received in 2021 under CJRS at the end of the<span class=\"_ _1\"></span> Group's publicly stated disposal </div><div class=\"t m0 h38 ffcf fs5 fc7 sc0 ls57 ws46 gs86f\">programme and no later than the end of June 2023, accordingly \u00a34.9m was accrued in 2022 and repaid in </div><div class=\"t m0 h38 ffcf fs5 fc7 sc0 ls57 ws46 gs870\">June 2023.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffcf fs5 fc7 sc0 ls57 ws46 gs871\">The aggregate amount of directors\u2019 remuneration (salary, bonus and benefits) is s<span class=\"_ _2a\"></span>hown on page 109 of the </div><div class=\"t m0 h38 ffcf fs5 fc7 sc0 ls9 ws1 gs872\">directors\u2019 remuneration report. </div><div class=\"gs873\"><table class=\"s w289 h77\" id=\"_81617d92-0fa2-49af-974e-e9d569d1c068\"><tr><td></td><td class=\"t m0 xf8b h3b y3064 ffce fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xf8c h3a y3064 ffcf fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"t m0 xf8d h3b y3065 ffce fs8 fc7 sc0 ls58 ws47\">The average number of employees during the year was made up as follows:<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xf8e h3b y3065 ffce fs8 fc7 sc0 ls58 ws47\">Number<span class=\"_ _2b5\"> </span></td><td class=\"t m0 xf8f h3a y3065 ffcf fs8 fc7 sc0 ls58 ws47\">Number<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2e12 w256 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">Sales<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf90 y2e12 wc7 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">380<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf91 y2e12 wc7 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">598<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bf8 w28a h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls9 ws1\">Administration<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf92 y2bf8 w2b h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">2,405<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf93 y2bf8 w2b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">3,093<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bfb w28b h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">Operations<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf94 y2bfb w28c h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">45,104<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf95 y2bfb w28c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">47,509<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n xf96 y2be6 w28c h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffce fs5 fc7 sc0 ls57 ws46\">47,889<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf97 y2be6 w28c h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffcf fs5 fc7 sc0 ls57 ws46\">51,200</div></td></tr></table></div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutEmployeesExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-490": {
   "value": "<div class=\"t m0 h37 ffd0 fs3 fc6 sc0 ls9 ws1 gs875\">6.1 Related-party transactions </div><div class=\"t m0 h39 ffd0 fs5 fc6 sc0 ls57 ws46 gs876\">Compensation of key management personnel<span class=\"_ _2b5\"> </span></div><div class=\"gs877\"><table class=\"s w53 h77\" id=\"_5718c723-0366-41bd-8313-7465d2aeaf9f\"><tr><td></td><td class=\"t m0 x307 h3b y3066 ffd0 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y3066 ffd1 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x30a h3b y3067 ffd0 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y3067 ffd1 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2cf2 w28d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffd1 fs5 fc7 sc0 ls9 ws1\">Short-term employment benefits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x525 y2cf2 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffd0 fs5 fc7 sc0 ls57 ws46\">7.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x526 y2cf2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffd1 fs5 fc7 sc0 ls57 ws46\">7.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bf8 w28e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffd1 fs5 fc7 sc0 ls57 ws46\">Pension<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x51c y2bf8 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffd0 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf98 y2bf8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffd1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bfb w120 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffd1 fs5 fc7 sc0 ls57 ws46\">Share-based payments<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x525 y2bfb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffd0 fs5 fc7 sc0 ls57 ws46\">1.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x526 y2bfb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffd1 fs5 fc7 sc0 ls57 ws46\">2.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n xccf y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffd0 fs5 fc7 sc0 ls57 ws46\">9.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf99 y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffd1 fs5 fc7 sc0 ls57 ws46\">9.8<span class=\"_ _2b5\"> </span></div></td></tr></table></div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs878\">Gains on share options exercised in the year by Capita plc executive dire<span class=\"_ _1\"></span>ctors were \u00a3nil (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a3119,102</span>) </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls57 ws46 gs879\">and by key management personnel \u00a3252,312<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a3396,621<span class=\"ls9 ws1\">), totalling </span>\u00a3252,312<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a3515,723<span class=\"ls9 ws1\">).<span class=\"_ _2b5\"> </span></span></div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs87a\">During the year, the Group rendered administrative services to Smart DCC Limited (DCC), a<span class=\"_ _1\"></span> wholly-owned </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs87b\">subsidiary which is not consolidated (refer to note<span class=\"_ gs15\"> </span>4.7<span class=\"_ _1\"></span>). <span class=\"ls57 ws46\">The Group received \u00a3119.2m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a3112.0m</span>) of </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs87c\">revenue for these services and at the balance sheet date had<span class=\"_ _1\"></span> receivables of <span class=\"ls57 ws46\">\u00a39.0m (2022: \u00a39.2m</span>) from </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs87d\">DCC. The services are procured by DCC on an arm\u2019s length basis under the DCC lice<span class=\"_ _1\"></span>nce. The services are </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs87e\">subject to review by Ofgem to ensure that all costs are economically and efficien<span class=\"_ _1\"></span>tly incurred by DCC.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs87f\">HPS (Capita\u2019s main defined benefit pension scheme)<span class=\"_ _1\"></span> is a related party of the Group. Transactions with the </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs880\">Scheme are disclosed in note<span class=\"_ gs15\"> </span>5.2.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfRelatedPartyExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-514": {
   "value": "6.1 Related-party transactions Compensation of key management personnel<span class=\"_ _2b5\"> </span><table class=\"s w53 h77\" id=\"_5718c723-0366-41bd-8313-7465d2aeaf9f\"><tr><td></td><td class=\"t m0 x307 h3b y3066 ffd0 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y3066 ffd1 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x30a h3b y3067 ffd0 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y3067 ffd1 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2cf2 w28d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffd1 fs5 fc7 sc0 ls9 ws1\">Short-term employment benefits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x525 y2cf2 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffd0 fs5 fc7 sc0 ls57 ws46\">7.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x526 y2cf2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffd1 fs5 fc7 sc0 ls57 ws46\">7.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bf8 w28e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffd1 fs5 fc7 sc0 ls57 ws46\">Pension<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x51c y2bf8 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffd0 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf98 y2bf8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffd1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bfb w120 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffd1 fs5 fc7 sc0 ls57 ws46\">Share-based payments<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x525 y2bfb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffd0 fs5 fc7 sc0 ls57 ws46\">1.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x526 y2bfb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffd1 fs5 fc7 sc0 ls57 ws46\">2.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n xccf y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffd0 fs5 fc7 sc0 ls57 ws46\">9.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf99 y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffd1 fs5 fc7 sc0 ls57 ws46\">9.8<span class=\"_ _2b5\"> </span></div></td></tr></table>Gains on share options exercised in the year by Capita plc executive dire<span class=\"_ _1\"></span>ctors were \u00a3nil (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a3119,102</span>) and by key management personnel \u00a3252,312<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a3396,621<span class=\"ls9 ws1\">), totalling </span>\u00a3252,312<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a3515,723<span class=\"ls9 ws1\">).<span class=\"_ _2b5\"> </span></span>During the year, the Group rendered administrative services to Smart DCC Limited (DCC), a<span class=\"_ _1\"></span> wholly-owned subsidiary which is not consolidated (refer to note<span class=\"_ gs15\"> </span>4.7<span class=\"_ _1\"></span>). <span class=\"ls57 ws46\">The Group received \u00a3119.2m</span> (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a3112.0m</span>) of revenue for these services and at the balance sheet date had<span class=\"_ _1\"></span> receivables of <span class=\"ls57 ws46\">\u00a39.0m (2022: \u00a39.2m</span>) from DCC. The services are procured by DCC on an arm\u2019s length basis under the DCC lice<span class=\"_ _1\"></span>nce. The services are subject to review by Ofgem to ensure that all costs are economically and efficien<span class=\"_ _1\"></span>tly incurred by DCC.<span class=\"_ _2b5\"> </span>HPS (Capita\u2019s main defined benefit pension scheme)<span class=\"_ _1\"></span> is a related party of the Group. Transactions with the Scheme are disclosed in note<span class=\"_ gs15\"> </span>5.2.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfTransactionsBetweenRelatedPartiesExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-536": {
   "value": "Compensation of key management personnel<span class=\"_ _2b5\"> </span><table class=\"s w53 h77\" id=\"_5718c723-0366-41bd-8313-7465d2aeaf9f\"><tr><td></td><td class=\"t m0 x307 h3b y3066 ffd0 fs8 fc7 sc0 ls58 ws47\">2023<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x308 h3a y3066 ffd1 fs8 fc7 sc0 ls58 ws47\">2022<span class=\"_ _2b5\"> </span></td></tr><tr><td></td><td class=\"t m0 x30a h3b y3067 ffd0 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td><td class=\"t m0 x30b h3a y3067 ffd1 fs8 fc7 sc0 ls58 ws47\">\u00a3m<span class=\"_ _2b5\"> </span></td></tr><tr><td class=\"c n x2be y2cf2 w28d h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffd1 fs5 fc7 sc0 ls9 ws1\">Short-term employment benefits<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x525 y2cf2 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffd0 fs5 fc7 sc0 ls57 ws46\">7.6<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x526 y2cf2 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffd1 fs5 fc7 sc0 ls57 ws46\">7.6<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bf8 w28e h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffd1 fs5 fc7 sc0 ls57 ws46\">Pension<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x51c y2bf8 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffd0 fs5 fc7 sc0 ls57 ws46\">0.1<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf98 y2bf8 w32 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffd1 fs5 fc7 sc0 ls9 ws1\">\u2014<span class=\"_ _2b5\"> </span></div></td></tr><tr><td class=\"c n x2be y2bfb w120 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffd1 fs5 fc7 sc0 ls57 ws46\">Share-based payments<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x525 y2bfb w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffd0 fs5 fc7 sc0 ls57 ws46\">1.7<span class=\"_ _2b5\"> </span></div></td><td class=\"c n x526 y2bfb w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffd1 fs5 fc7 sc0 ls57 ws46\">2.2<span class=\"_ _2b5\"> </span></div></td></tr><tr><td></td><td class=\"c n xccf y2be6 w26 h5a\"><div class=\"t m0 x2bd h38 y2bd0 ffd0 fs5 fc7 sc0 ls57 ws46\">9.4<span class=\"_ _2b5\"> </span></div></td><td class=\"c n xf99 y2be6 w26 h5b\"><div class=\"t m0 x2bd h38 y2bd0 ffd1 fs5 fc7 sc0 ls57 ws46\">9.8<span class=\"_ _2b5\"> </span></div></td></tr></table>Gains on share options exercised in the year by Capita plc executive dire<span class=\"_ _1\"></span>ctors were \u00a3nil (<span class=\"ls57 ws46\">2022</span>: <span class=\"ls57 ws46\">\u00a3119,102</span>) and by key management personnel \u00a3252,312<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a3396,621<span class=\"ls9 ws1\">), totalling </span>\u00a3252,312<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a3515,723<span class=\"ls9 ws1\">).<span class=\"_ _2b5\"> </span></span>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfInformationAboutKeyManagementPersonnelExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-491": {
   "value": "<div class=\"t m0 h37 ffd0 fs3 fc6 sc0 ls9 ws1 gs882\">6.2 Contingent liabilities </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs883\">Contingent liabilities represent potential future cash outflows which are e<span class=\"_ _1\"></span>ither not probable or cannot be </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs884\">measured reliably.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls57 ws46 gs885\">The Group has pr<span class=\"ls9 ws1\">ovided, through the normal course of its business, performance bond<span class=\"_ _1\"></span>s and bank </span></div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls57 ws46 gs886\">guarantees of \u00a322.5m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a334.0m<span class=\"ls9 ws1\">). At </span>31<span class=\"_ gs15\"> </span>December 2023 there was an additional guarantee of \u00a315<span class=\"ls9 ws1\">m in </span></div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs887\">relation to the disposed Travel businesses, which has since reduced<span class=\"_ _1\"></span> to \u00a39.5m in January 2024. Capita plc\u2019s </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs888\">exposure is counter-indemnified by Clarity Travel Limited.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs88a\">The Group is reviewing its position in respect of a number of its closed boo<span class=\"_ _1\"></span>k Life &amp; Pensions contracts. The </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs88b\">outcomes and timing of this review, which are uncertain, could result in<span class=\"_ _1\"></span> no change to the current position, </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs88c\">the continuation of contracts with amended terms or the termination of co<span class=\"_ _1\"></span>ntracts. If an operation is </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs88d\">terminated, the Group may incur associated costs, accelerate the recognitio<span class=\"_ _1\"></span>n of deferred income or the </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs88e\">impairment of contract assets.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs88f\">Following the cyber incident in March 2023 detailed in the Chief Execu<span class=\"_ _1\"></span>tive Officer\u2019s Review, Capita has </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs890\">been working closely with all appropriate regulatory authorities and<span class=\"_ _1\"></span> with customers, suppliers and </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs891\">employees to notify those affected and take any remaining necessary ste<span class=\"_ _1\"></span>ps to address the incident. At the </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs892\">date of approval of these consolidated financial statements, we remain<span class=\"_ _1\"></span> in dialogue with the Information </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs893\">Commissioner\u2019s Office (ICO) and are responding to their information requests. While<span class=\"_ _1\"></span> we anticipate that </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs894\">there will be further additional requests as part of ICO\u2019s review, no formal action<span class=\"_ _1\"></span> has been taken by the ICO </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs895\">in connection with the cyber incident and there have been no p<span class=\"_ _1\"></span>reliminary findings regarding fault that could </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs896\">lead to any potential regulatory penalty. The Group has receive<span class=\"_ _1\"></span>d notification of potential claims for damages </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs897\">by or on behalf of individuals whose data may have been exfiltrate<span class=\"_ _1\"></span>d as part of the incident. At the date of </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs898\">approval of these consolidated financial statements, the Group has re<span class=\"_ _1\"></span>ceived no substantive claims in </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs899\">relation to the cyber incident. Whether any such claims will be received is unce<span class=\"_ _1\"></span>rtain, but the Group will </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs89a\">vigorously defend any such claims and, at the date of approval of the<span class=\"_ _1\"></span>se financial statements, it is not </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs89b\">possible to reliably estimate the potential value of any potential futu<span class=\"_ _1\"></span>re claim or penalty against the Group.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs89c\">The Group\u2019s entities are parties to legal actions and claims which arise in th<span class=\"_ _1\"></span>e normal course of business. </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs89d\">The Group needs to apply judgement in determining the merit o<span class=\"_ _1\"></span>f litigation against it and the chances of a </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs89e\">claim successfully being made. It needs to determine the likelihood of an o<span class=\"_ _1\"></span>utflow of economic benefits </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs89f\">occurring and whether there is a need to disclose a contingent liab<span class=\"_ _1\"></span>ility or whether a provision might be </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs8a0\">required due to the probability assessment.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs8a1\">At any time there are a number of claims or notifications that need to be a<span class=\"_ _1\"></span>ssessed across the Group. The </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs8a2\">disparate nature of the Group\u2019s entities heightens the risk that not a<span class=\"_ _1\"></span>ll potential claims are known at any point </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs8a3\">in time.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfCommitmentsAndContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-515": {
   "value": "6.2 Contingent liabilities Contingent liabilities represent potential future cash outflows which are e<span class=\"_ _1\"></span>ither not probable or cannot be measured reliably.<span class=\"_ _2b5\"> </span>The Group has pr<span class=\"ls9 ws1\">ovided, through the normal course of its business, performance bond<span class=\"_ _1\"></span>s and bank </span>guarantees of \u00a322.5m<span class=\"ls9 ws1\"> (</span>2022<span class=\"ls9 ws1\">: </span>\u00a334.0m<span class=\"ls9 ws1\">). At </span>31<span class=\"_ gs15\"> </span>December 2023 there was an additional guarantee of \u00a315<span class=\"ls9 ws1\">m in </span>relation to the disposed Travel businesses, which has since reduced<span class=\"_ _1\"></span> to \u00a39.5m in January 2024. Capita plc\u2019s exposure is counter-indemnified by Clarity Travel Limited.<span class=\"_ _2b5\"> </span>The Group is reviewing its position in respect of a number of its closed boo<span class=\"_ _1\"></span>k Life &amp; Pensions contracts. The outcomes and timing of this review, which are uncertain, could result in<span class=\"_ _1\"></span> no change to the current position, the continuation of contracts with amended terms or the termination of co<span class=\"_ _1\"></span>ntracts. If an operation is terminated, the Group may incur associated costs, accelerate the recognitio<span class=\"_ _1\"></span>n of deferred income or the impairment of contract assets.<span class=\"_ _2b5\"> </span>Following the cyber incident in March 2023 detailed in the Chief Execu<span class=\"_ _1\"></span>tive Officer\u2019s Review, Capita has been working closely with all appropriate regulatory authorities and<span class=\"_ _1\"></span> with customers, suppliers and employees to notify those affected and take any remaining necessary ste<span class=\"_ _1\"></span>ps to address the incident. At the date of approval of these consolidated financial statements, we remain<span class=\"_ _1\"></span> in dialogue with the Information Commissioner\u2019s Office (ICO) and are responding to their information requests. While<span class=\"_ _1\"></span> we anticipate that there will be further additional requests as part of ICO\u2019s review, no formal action<span class=\"_ _1\"></span> has been taken by the ICO in connection with the cyber incident and there have been no p<span class=\"_ _1\"></span>reliminary findings regarding fault that could lead to any potential regulatory penalty. The Group has receive<span class=\"_ _1\"></span>d notification of potential claims for damages by or on behalf of individuals whose data may have been exfiltrate<span class=\"_ _1\"></span>d as part of the incident. At the date of approval of these consolidated financial statements, the Group has re<span class=\"_ _1\"></span>ceived no substantive claims in relation to the cyber incident. Whether any such claims will be received is unce<span class=\"_ _1\"></span>rtain, but the Group will vigorously defend any such claims and, at the date of approval of the<span class=\"_ _1\"></span>se financial statements, it is not possible to reliably estimate the potential value of any potential futu<span class=\"_ _1\"></span>re claim or penalty against the Group.<span class=\"_ _2b5\"> </span>The Group\u2019s entities are parties to legal actions and claims which arise in th<span class=\"_ _1\"></span>e normal course of business. The Group needs to apply judgement in determining the merit o<span class=\"_ _1\"></span>f litigation against it and the chances of a claim successfully being made. It needs to determine the likelihood of an o<span class=\"_ _1\"></span>utflow of economic benefits occurring and whether there is a need to disclose a contingent liab<span class=\"_ _1\"></span>ility or whether a provision might be required due to the probability assessment.<span class=\"_ _2b5\"> </span>At any time there are a number of claims or notifications that need to be a<span class=\"_ _1\"></span>ssessed across the Group. The disparate nature of the Group\u2019s entities heightens the risk that not a<span class=\"_ _1\"></span>ll potential claims are known at any point in time.",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfContingentLiabilitiesExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-492": {
   "value": "<div class=\"t m0 h37 ffd0 fs3 fc6 sc0 ls9 ws1 gs8a5\">6.3 Post balance sheet events<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs8a6\">The following events occurred after <span class=\"ls57 ws46\">31<span class=\"_ gs15\"> </span>December 2023, and before the approval of these consolidated </span></div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs8a7\">financial statements, but have not resulted in adjustment to the <span class=\"_ _1\"></span><span class=\"ls57 ws46\">2023<span class=\"ls9 ws1\"> financial results:<span class=\"_ _2b5\"> </span></span></span></div><div class=\"t m0 h39 ffd0 fs5 fc6 sc0 ls57 ws46 gs8a8\">Disposal of Fera<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls57 ws46 gs8a9\">The disposal of the Group\u2019s 75% shareholding in Fera Science Limited (Fera) to a fund m<span class=\"_ _2a\"></span>anaged by </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls57 ws46 gs8aa\">Bridgepoint Development Capital completed on 17<span class=\"_ gs15\"> </span>January 2024.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs8ab\">Cash proceeds of \u00a362m were received on completion, which included<span class=\"_ _1\"></span> the settlement of intercompany </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs8ac\">balances owed by Fera to the Group of \u00a30.1m. Net assets of c.\u00a328m were<span class=\"_ _1\"></span> disposed of on completion, </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs8ad\">alongside the derecognition of non-controlling interests of c.\u00a39m. T<span class=\"_ _1\"></span>otal costs of disposal are estimated to be </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls57 ws46 gs8ae\">c.\u00a39m, of which \u00a33.5m were recognised in 2022 and 2023.<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h39 ffd0 fs5 fc6 sc0 ls57 ws46 gs2d9\">Contract with major European telecoms provider<span class=\"_ _2b5\"> </span></div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs8af\">In February 2024, the Group extended and expanded its co<span class=\"_ _1\"></span>ntract with a major European telecoms provider. </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs8b0\">The new contract is based on expected volumes, and therefore tre<span class=\"_ _1\"></span>ated as a framework contract under IFRS </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs8b1\">15. As a result, \u00a3365m included in the Capita Experience order boo<span class=\"_ _1\"></span>k at 31 December 2023 relating to the </div><div class=\"t m0 h38 ffd1 fs5 fc7 sc0 ls9 ws1 gs8b2\">previous contract has been released. The new contract is expected<span class=\"_ _1\"></span> to be worth up to \u00a3420m to 2030.</div>",
   "dimensions": {
    "concept": "ifrs-full:DisclosureOfEventsAfterReportingPeriodExplanatory",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  },
  "fact-5": {
   "value": "Capita plc<span class=\"_ _ed\"></span><span class=\"ls9\"> </span>65 Gresham Street<span class=\"_ _ed\"></span><span class=\"ls9\"> </span>London EC2V 7NQ",
   "dimensions": {
    "concept": "ifrs-full:AddressOfRegisteredOfficeOfEntity",
    "language": "en",
    "entity": "scheme:CMIGEWPLHL4M7ZV0IZ88",
    "period": "2023-01-01T00:00:00/2024-01-01T00:00:00"
   }
  }
 }
}